Marinas Market Opportunities and Strategies to 2034

This report describes and explains the marinas market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global marinas market reached a value of nearly $18.16 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.21% since 2019. The market is expected to grow from $18.16 billion in 2024 to $24.06 billion in 2029 at a rate of 5.79%. The market is then expected to grow at a CAGR of 5.63% from 2029 and reach $31.64 billion in 2034.

Growth in the historic period resulted from the increasing recreational boating activities, expansion and modernization of existing ports, growing popularity of water sports and increase in yacht and boat ownership. Factors that negatively affected growth in the historic period were high expenditure and vulnerability to natural disasters.

Going forward, the expansion of tourism industry, strengthening marine infrastructure investments, expansion of cruise tourism and increasing maritime trade and fleet expansion will drive the growth. Factor that could hinder the growth of the marinas market in the future include seasonality of demand, stringent environmental regulations and impact of trade war and tariff.

North America was the largest region in the marinas market, accounting for 36.91% or $6.7 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the marinas market will be Africa and Middle East where growth will be at CAGRs of 9.57% and 8.13% respectively. These will be followed by Asia Pacific and South America where the markets are expected to grow at CAGRs of 8.00% and 7.92% respectively.

The global marinas market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 6.55% of the total market in 2024. MarineMax Inc. was the largest competitor with a 2.01% share of the market, followed by Safe Harbor Marinas LLC with 1.94%, MDL Marinas Ltd. with 1.15%, D-Marin with 0.52%, Southern Marinas LLC with 0.32%, Premier Marinas Ltd. with 0.154%, SUTL Enterprise Ltd. (One15 Brooklyn Marina Llc) with 0.153%, Suntex Marinas LLC (Westrec Marinas) with 0.12%, Oasis Marinas LLC with 0.092% and SF Marina Systems AB with 0.090%.

The marinas market is segmented by type into private and public. The private market was the largest segment of the marinas market segmented by type, accounting for 71.41% or $12.96 billion of the total in 2024. Going forward, the public segment is expected to be the fastest growing segment in the marinas market segmented by type, at a CAGR of 6.26% during 2024-2029.

The marinas market is segmented by port type into seaport and inland port. The seaport market was the largest segment of the marinas market segmented by port type, accounting for 69.88% or $12.69 billion of the total in 2024. Going forward, the seaport segment is expected to be the fastest growing segment in the marinas market segmented by port type, at a CAGR of 6.14% during 2024-2029.

The marinas market is segmented by application into pleasure marinas, fishing marinas, commercial marinas and military marinas. The pleasure marinas market was the largest segment of the marinas market segmented by application, accounting for 59.35% or $10.77 billion of the total in 2024. Going forward, the commercial marinas segment is expected to be the fastest growing segment in the marinas market segmented by application, at a CAGR of 7.51% during 2024-2029.

The top opportunities in the marinas market segmented by type will arise in the private segment, which will gain $4.06 billion of global annual sales by 2029. The top opportunities in the marinas market segmented by port type will arise in the seaport segment, which will gain $4.4 billion of global annual sales by 2029. The top opportunities in the marinas market segmented by application will arise in the pleasure marinas segment, which will gain $3.39 billion of global annual sales by 2029. The marinas market size will gain the most in China at $1.42 billion.

Market-trend-based strategies for the marinas market include focus on developing innovative technologies that improve safety, operational efficiency and environmental sustainability, focus on adopting strategies partnerships approach to develop advanced solutions, focus on expanding superyacht services in a high-profile Mediterranean port, focus on optimizing marina design for superyacht comfort and convenience, focus on enhancing luxury offerings to appeal to the growing segment of high-end boating enthusiasts, focus on offering 24/7 support services to enhance customer satisfaction and drive additional revenue and developing premium marina destinations to cater to the growing demand for luxury boating experiences.

Player-adopted strategies in the marinas market include focus on strategic acquisitions to expand business expertise, focus on strategic partnerships to expand business expertise, focus on new marina launches and focus on strategic acquisitions.

To take advantage of the opportunities, the analyst recommends the marinas market companies to focus on deploying safety technologies to enhance marina operations, expand in emerging markets, focus on forming strategic partnerships to drive innovation and market expansion, focus on expanding superyacht services in key mediterranean ports, focus on enhancing marina design to accommodate superyacht requirements, focus on expanding luxury offerings to attract high-end boating clients, focus on offering 24/7 support services to improve customer experience and revenue, focus on offering 24/7 support services to improve customer experience and revenue, focus on developing premium marina destinations to capture luxury boating demand, focus on public marina development to capture high-growth opportunities, focus on seaport marinas to maximize market expansion, provide competitively priced offerings, focus on tiered and seasonal pricing to maximize revenue across customer segments, continue to use B2B promotions, focus on localized promotion to increase occupancy and community engagement, focus on digital outreach and booking tools to capture mobile-centric customers and focus on commercial marinas to leverage high-growth momentum.