The Boat Rental Market | United States

According to reports, Americans own close to 22 million recreational boats. However, most Americans use their boats on an average of 11 days in the whole year. Multiple start-ups saw an opportunity and created a new industry – boat rentals.

 

Several start-ups, such as MyDayBoat and GetMyBoat, rent out boats to consumers for a single day or for multiple days, depending on their needs. This new market has great potential in terms of growth, as the recreational boating industry has an annual economic value of USD 121.5 billion.

The global boat rental market is estimated to grow at 3.3% from 2016-2026, with Europe yacht market gaining 68% market share of the chunk.

 

The purpose of this upcoming market in the US is to provide consumers easy access to boats, instead of them spending thousands of dollars acquiring one of their own. The boat rental market in the US offers consumers a chance to rent boats, charters and yachts.

 

GetMyBoat was launched in January and is already growing rapidly with over 9,000 listings worldwide. Other boat rental companies like BoatBound or Icrediblue are also some of the top industry players.

 

Reports state that around 88 million people in the US take part in recreational boating at least one day in a year, making this a booming industry. Start-ups in the Silicon Valley have taken advantage of this and developed business models to generate higher revenues for their business and also meet the needs of their consumers who wish to rent boats or yachts for a day.

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BoatBound

  • Country : United States
  • Turnover : USD 2.5 million
  • Position : The company is one of the largest pier-to-pier rentals of boats.

GetMyBoat

  • Country : United States
  • Turnover : Less than USD 5 million
  • Position : With a presence in almost 171 countries worldwide the company is an international brand in rentals

Incrediblue

  • Country : St. Pierre & Miquelon
  • Turnover : USD 2.61 million
  • Position : The company rents yachts and boats across various continents.

BnbBoat

  • Country : United States
  • Turnover :
  • Position : Is a company that offers premier cabins and yachts.

Fun2Rent

  • Country : United States
  • Turnover : USD 1.4 million
  • Position : With headquarters in San Jose, IL, and founded by Shawn Gardner The company offers rentals of boats, caravans and off-road vehicles.

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