$105.3m
$X.Xm
5,488
2,285
$XX.Xm
Kayak rental businesses have benefited from demand from health-conscious consumers as sports participation has increased. Consumers have sought out forms of fitness that also provide entertainment and an opportunity to socialize. Several forms of alternative fitness have become popular in recent years, including kayaking, CrossFit and yoga, stimulating demand for rental services. Also, older demographics have become more involved in these alternate forms of exercise, which has provided growth opportunities for rental providers. Still, growth has been relatively modest because of the established nature of kayak rentals. While kayaking has surged in popularity, it is still an established industry that does not benefit from the intrigue of a newer activity, including CrossFit. The proliferation of fitness options has suppressed demand growth for kayak rentals. Revenue is expected to climb at a CAGR of 0.4% to $105.3 million through the end of 2024, including growth of 3.4% in 2024 alone.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $105.3m in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Kayak Rental in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Canoeing, Recreational kayaking and Other types of kayaking. Canoeing is the largest segment of the Kayak Rental in the US.
The popularity of canoeing grows post-pandemic
The Kayak Rental industry rents recreational paddleboats to consumers for hourly or daily use. The industry rents kayaks for recreational, whitewater and sea touring purposes. The industry also rents other types of paddleboats, such as canoes.
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NAICS 532284 - Kayak Rental in the US
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The industry has benefited from more health-conscious individuals across the US. Kayaking is a relaxing and enjoyable form of fitness that individuals from an array of age gr...
Learn about an industry's products and services, markets and trends in international trade.
Recreational kayaking services form the backbone of the industry. Most users are looking for a fun and relaxing form of recreation when they visit a kayak rental provider.
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The price of rentals is a major form of competition. Kayak rental providers must ensure that rental prices are competitive so that customers don't purchase their own equipmen...
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Kayak rental providers don't benefit from any specific government assistance. The industry does receive some indirect assistance from various related industry associations.
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Purchases consist of the newest and safest products. Parents of young kids want products to be up to par regarding safety.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Kayak Rental in the US industry in United States is $105.3m in 2024.
There are 2,285 businesses in the Kayak Rental in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Kayak Rental in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Kayak Rental in the US industry in United States is expected to grow.
Renting kayaks and Renting life vests are part of the Kayak Rental in the US industry.
The level of competition is high and steady in the Kayak Rental in the US industry in United States.