Marinas
Companies in this industry are engaged primarily in offering docking or storage facilities for pleasure boats. Major US companies include IGY Marinas, Safe Harbor Marinas, Suntex Marinas, and Westrec Marinas Management. Outside the US, major marinas include Hong Kong-based Gold Coast Yacht and Country Club, Dubai Marina Yacht Club, and Mulpha Australia's Sanctuary Cove.
The Global Recreational Boat Market had a value of $26.4 billion by the end of 2030 with a compound annual growth rate of 6.2% from 2024 to 2030, according to Global Newswire. North America accounts for the largest recreational boating region in the world, according to GM Insights.
The US marina industry includes about 3,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion.
Competitive Landscape
Demand is driven by ownership rates for power boats and sailboats. The profitability of an individual marina depends on?location?and good?marketing. Large companies have the resources to advertise and negotiate better prices with suppliers, builders, and maintenance firms. Small companies can compete by offering customized services or preferred locations. The US industry is?highly fragmented: the top 50 companies account for 20% of industry revenue.
Other companies in the amusement and recreation sector that compete with marinas for consumer dollars and leisure time may include golf courses, country clubs, and ski facilities. To compete, marinas, especially those catering to expensive boats like megayachts, offer a wide range of resort-style amenities including pools and hot tubs, fitness centers and spas, yoga classes and tennis lessons, on-site shopping and dining, WiFi connectivity, and more.
Products, Operations & Technology
The main business of marinas is pleasure craft docking, launching, utilities, and storage (about 50%), followed by pleasure craft dockage services (about
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