Market Share of Boat Rental Industry
The boat rental market is moderately fragmented, as it has several active players. The market is also witnessing the emergence of many new start-ups. Some of the major players in the market are GetMyBoat, Sailo Inc., Nautal, and Boatsetter, among others. The companies are expanding their presence by acquiring other market participants, increasing their boat counts, and tapping into new and unexplored markets. For example, in February 2023, Skipperi raised EUR 7 million in a Series A funding round to make boating more accessible. The new investment will be utilized to expand Skipperi's operations into Australia and the United States, further expanding its reach and catering to the growing demand for boat rentals in these regions. This move is a strategic step for Skipperi as it seeks to establish itself as a leading player in the global boat rental market. Additionally, in August 2022, Boatsetter, a boat rental company, secured USD 38 million in a funding round. As a highly capital-intensive industry, this infusion of funds is crucial for Boatsetter to sustain its operations and achieve long-term profitability. Currently, the platform offers over 50,000 boats in more than 700 locations across popular destinations such as Miami, Chicago, Seattle, and San Francisco. This expansion in availability is a testament to the growing demand for boat rentals in the region.
Boat Rental Market Leaders
GetMyBoat
Nautal
Sailo Inc.
Boatsetter
Zizooboats Gmbh
*Disclaimer: Major Players sorted in no particular order
