Marinas
Description
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 30%). Other services include maintenance and repair services accounting at about 15%.
Some marinas, such as Dana Point Marina in Orange County, California, can have about 2,000 slips. The major operating activities of a marina are similar to those of a hotel, and revolve around managing rentals, managing personnel, maintaining the property, and supplying services. Occupancy rates and rental rates are a constant source of attention for managers. Many marinas use specialized computer programs to manage reservations and billings. Marinas increasingly use websites as marketing and booking tools.
Marina slips are rented by the month, or by the day for guest slips. At many marinas, slip fees include water and electricity hookups. Extra monthly charges usually apply for live-aboards and can vary greatly, from less than $100 to more than $300 per person. Dry stack facilities are common in areas where winter storage is needed and are an alternative to wet marinas for smaller boats that can easily be handled by special forklifts.
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 30%). Other services include maintenance and repair services accounting at about 15%.
Some marinas, such as Dana Point Marina in Orange County, California, can have about 2,000 slips. The major operating activities of a marina are similar to those of a hotel, and revolve around managing rentals, managing personnel, maintaining the property, and supplying services. Occupancy rates and rental rates are a constant source of attention for managers. Many marinas use specialized computer programs to manage reservations and billings. Marinas increasingly use websites as marketing and booking tools.
Marina slips are rented by the month, or by the day for guest slips. At many marinas, slip fees include water and electricity hookups. Extra monthly charges usually apply for live-aboards and can vary greatly, from less than $100 to more than $300 per person. Dry stack facilities are common in areas where winter storage is needed and are an alternative to wet marinas for smaller boats that can easily be handled by special forklifts.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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