How Has the Marinas Market Size Evolved in Recent Years?
The marinas market has seen considerable growth due to a variety of factors.
• The size of the marinas market has witnessed robust growth over the past few years. The market, which is projected to rise from $18.28 billion in 2024 to $19.47 billion in 2025, is expected to yield a compound annual growth rate (CAGR) of 6.5%. The surge during the historic period is due to factors like the popularity of recreational boating, the advent of waterfront property development, increases in tourism and travel, economic expansion in coastal areas, and nautical events and competitions.
What Is The Forecast For The Marinas Market?
The Marinas market is expected to maintain its strong growth trajectory in upcoming years.
• In the next few years, solid expansion is forecasted for the marinas market, estimated to reach a value of $24.38 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%.
This growth during the projected period can be related to sustainable and eco-friendly practices, a culture of boating, coastal and marine tourism, regulatory and environmental adherence, and investments in waterfront properties. The period of forecast will also see significant trends such as improvements in safety and security measures, environmental compliance, infrastructural upgrade, destination marinas, along with a focus on community and events.
What Are The Essential Drivers Behind The Growth Of The Marinas Market?
The marinas market's growth is expected to be spurred on by the expanding boating industry. The boating industry consists of the economic section that covers a variety of watercraft of various sizes, all designed to float, fly, work or travel on water, typically on internal waterways like rivers and lakes, or in safeguarded coastal areas. A marina provides comprehensive services such as maintenance, replacement parts, accessories, cleaning, and fuelling, along with a secure environment for boats and yachts. They often come with added amenities like restaurants and recreational options. For example, in January 2023, the National Marine Manufacturers Association (NMMA)—a non-profit trade association representing boat, marine engine, and accessory manufacturers in the United States, noted an increase in new powerboat units' sales in 2022, with an estimated sale of 250,000 new units. Indications suggest that the robust demand environment is likely to continue in 2023, with new retail unit sales expected to mirror the 2022 levels. Thus, the burgeoning boating industry is contributing to the marinas market's advancement.
How Is The Global Marinas Market Divided Into Key Segments?
The marinas market covered in this report is segmented –
1) By Type: Private, Public, Commercial
2) By Port Type: Seaport, Inland Port
3) By Application: Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas
Subsegments:
1) By Private: Residential Marinas, Exclusive Member Marinas
2) By Public: Municipal Marinas, Community Marinas
3) By Commercial: Tourist Marinas, Charter And Rental Marinas
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What Trends Are Reshaping The Future Of The Marinas Market?
The focus for significant players in the marina market is currently on the expansion of their businesses through the creation of advanced marina applications. Marina apps are mobile applications that offer services and information pertaining to boating and marinas. For example, D-Marin, a marina management firm based in Turkey, launched a premium Marina application called The D-Marin in July 2023. This app serves as a central platform for users to access personalized services, including real-time berth booking and renewals, remote check-in, and secure payment choices. The app incorporates the Smart Pedestal solution, allowing users to monitor their water and energy consumption directly via the app. Moreover, it links to D-Marin’s autonomous boat sensors, providing constant surveillance of various vessel conditions such as tide, heat, battery status, and location. By catering to both yearly and transient customers, the app enhances user convenience and security, thereby enriching the overall yachting experience.
Who Are the Key Players In The Marinas Market?
Major companies operating in the marinas market include:
• Fassmer GmbH & Co. KG
• FB Design Srl
• LOMOcean Marine Ltd.
• Sunbird International Yacht Ltd.
• W Marine Inc.
• Bellingham Marine
• Marinetek India Pvt. Ltd.
• Meeco Sullivan The Marina Company
• SF Marina Systems AB
• Ingemar Srl
• Poralu Marine Inc.
• Walcon Marine Ltd.
• Cubisystem
• EZ-Dock Inc.
• Martini Alfredo S.p.A.
• IGY Marinas
• Suntex Marinas
• Westrec Marinas Management Inc.
• Oasis Marinas LLC
• F Marina
• Coastal Marina Management LLC
• Trident Marina Group LLC
• Brewer Yacht Yard Group Inc.
• Camper & Nicholsons Marinas
• Island Global Yachting LLC
• Marina Management Services Pvt. Ltd.
• Marinas International Inc.
• MarineMax Inc.
• Morningstar Marinas LLC
What Are The Regional Insights Into The Marinas Market?
North America was the largest region in the marinas market in 2024. The regions covered in the marinas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
