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Boat Rental Business Opportunities Shared In Detailed Research Report By 2030 By Zaraki Kenpachi - June 24, 2021
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Boat Rental Market: Introduction According to the report, the global boat rental market is projected to surpass valuation of US$ 19.7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period. The growing trend of recreational boating across the globe is likely to boost the global boat rental market. Automatic positioning systems play the role of a virtual anchor in a boat, while thermal imaging cameras offer night vision to avoid potential obstacles in the water, thereby boosting the demand and adoption of advanced boats. High taxation rates on boat rental services across various regions is an important factor hampering the boat rental market. For instance, VAT laws in the European Union (EU) are not uniform and hence, each country has its own taxation law and regulations. This hamper the boat rental market considerably. Moreover, the boat rental market in high taxable regions witnesses sluggish expansion. This is anticipated to affect the global boat rental market during the forecast period. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=56076 Expansion of Boat Rental Market Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the boat rental market during the forecast period. China witnessed a rise in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Based on business model, the global boat rental market has been segmented into charter, day cruise, lux charter, lux day cruise, tour, event/B2B,