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Boat Rental Market to Reach a Value of US$ 19.7 Bn by 2030 The boat rental market is slated to register a modest CAGR of ~5% during the forecast period. However, the fragmented nature of the market is creating challenges for business owners. There is a growing need for standardization, pertaining to communication expectations, pricing, and customer service. Hence, companies in the boat rental market are tapping into incremental opportunities with the development of mobile apps. For instance, the GetMyBoat app is being highly publicized as the Airbnb of boats in order to achieve transparency in payments and customer service.