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Electric Boat Market By Propulsion, By Battery Type, By Range, By Power, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 377 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5670798
UP TO OFF until Jan 30th 2025
Electric boats utilize battery power to carry off marine operation. They often utilize renewable energy sources such as wind turbines, solar panels, and towed generators. They utilize marine-grade lead-acid, nickel-based and lithium-ion batteries for enhanced operational efficiency. Electric boats or vessels are generally available in diesel-electric, pure electric, or hybrid variants. In addition, electric boats comprise key components such as electric charger, battery bank, controller, and electric motor. They operate silently as they do not use internal combustion; are cost-effective; have minimal fuel requirements; and are highly environment friendly. Moreover, these boats are mainly used for recreational purposes and ferrying a small number of passengers. Sometimes these boats are also utilized as rescue vessels to carry out sea operations efficiently.

The market is driven by introduction of regulations regarding emission of greenhouse gases, increase in demand for luxury vehicles with greater cabin comfort, and rise in production & sale of automotive. However, rise in demand for electric vehicles is the factor acting as a hindrance in the growth of the global electric boat market. On the contrary, increase in demand for multi-filtration system, and technological advancements are expected to create ample growth opportunities for the global electric boat market.

With increase in adoption of electric boats across the globe, need for charging infrastructure is also growing subsequently. Government and private organizations in several countries are working closely to setup electric boat charging infrastructure in their region to support e-mobility. For instance, Aqua superpower, a UK based company has been rapidly building its network of marine “superchargers” across the globe. Built to the highest IP65 standards, each station provides AC and DC fast charger with a high output of 150kW, enabling fast recharging of electric boats.

The electric boat market is segmented on the basis of propulsion type, battery type, range, power output, application, and region. By propulsion type, it is segmented into pure electric boats and hybrid electric boats. By battery type, it is classified into lead-acid battery, lithium-ion battery, and nickel-based battery. By range, it is fragmented into less than 50 km, between 50 and100 km, between 101 and 1,000 km, and greater than 1,000 km. By power output, it is categorized into below 5kW, between 5kW and 30kW, and above 30kW. By application, it is segmented into passenger boats, cargo boats, and others. Region wise, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric boat market analysis from 2021 to 2031 to identify the prevailing electric boat market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the electric boat market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global electric boat market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Propulsion

  • Pure Electric Boats
  • Hybrid Electric Boats

By Battery Type

  • Lead-acid Battery
  • Lithium-ion Battery
  • Nickel-based Battery

By Range

  • Less than 50 km
  • 50 to 100 km
  • 101 to 1,000 km
  • More than 1,000 km

By Power

  • Below 5 KW
  • Between 5 KW to 30 KW
  • Above 30 KW

By Application

  • Passenger Boats
  • Cargo Boats
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ABB LTD
  • Aquawatt Green Marine Technologies
  • Boesch Motorboote AG
  • Boote Marian GmbH
  • Candela Technology AB
  • Corvus Energy
  • Domani Yachts
  • Duffy Electric Boat Company
  • Echandia Group AB
  • ElectraCraft Power Boats
  • Frauscher Bootswerft GmbH & Co KG
  • Greenline Yachts
  • Grove Boats SA
  • Learboats USA, Inc.
  • NavAlt Solar & Electric Boats Pvt. Ltd
  • Quadrofoil d.o.o.
  • RAND Boats ApS
  • Ruban Bleu
  • Soel Yachts B.V.
  • Torqeedo GmbH
  • Vision Marine Technologies Inc.
  • X Shore
  • Yamaha Motor Co., Ltd.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRIC BOAT MARKET, BY PROPULSION
4.1 Overview
4.1.1 Market size and forecast
4.2 Pure Electric Boats
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Hybrid Electric Boats
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: ELECTRIC BOAT MARKET, BY BATTERY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Lead-acid Battery
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Lithium-ion Battery
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Nickel-based Battery
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: ELECTRIC BOAT MARKET, BY RANGE
6.1 Overview
6.1.1 Market size and forecast
6.2 Less than 50 km
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 50 to 100 km
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 101 to 1,000 km
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 More than 1,000 km
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: ELECTRIC BOAT MARKET, BY POWER
7.1 Overview
7.1.1 Market size and forecast
7.2 Below 5 KW
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Between 5 KW to 30 KW
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Above 30 KW
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
CHAPTER 8: ELECTRIC BOAT MARKET, BY APPLICATION
8.1 Overview
8.1.1 Market size and forecast
8.2 Passenger Boats
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Cargo Boats
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Others
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
CHAPTER 9: ELECTRIC BOAT MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Propulsion
9.2.3 North America Market size and forecast, by Battery Type
9.2.4 North America Market size and forecast, by Range
9.2.5 North America Market size and forecast, by Power
9.2.6 North America Market size and forecast, by Application
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Propulsion
9.2.7.1.2 Market size and forecast, by Battery Type
9.2.7.1.3 Market size and forecast, by Range
9.2.7.1.4 Market size and forecast, by Power
9.2.7.1.5 Market size and forecast, by Application
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Propulsion
9.2.7.2.2 Market size and forecast, by Battery Type
9.2.7.2.3 Market size and forecast, by Range
9.2.7.2.4 Market size and forecast, by Power
9.2.7.2.5 Market size and forecast, by Application
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Propulsion
9.2.7.3.2 Market size and forecast, by Battery Type
9.2.7.3.3 Market size and forecast, by Range
9.2.7.3.4 Market size and forecast, by Power
9.2.7.3.5 Market size and forecast, by Application
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Propulsion
9.3.3 Europe Market size and forecast, by Battery Type
9.3.4 Europe Market size and forecast, by Range
9.3.5 Europe Market size and forecast, by Power
9.3.6 Europe Market size and forecast, by Application
9.3.7 Europe Market size and forecast, by country
9.3.7.1 United Kingdom
9.3.7.1.1 Market size and forecast, by Propulsion
9.3.7.1.2 Market size and forecast, by Battery Type
9.3.7.1.3 Market size and forecast, by Range
9.3.7.1.4 Market size and forecast, by Power
9.3.7.1.5 Market size and forecast, by Application
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Propulsion
9.3.7.2.2 Market size and forecast, by Battery Type
9.3.7.2.3 Market size and forecast, by Range
9.3.7.2.4 Market size and forecast, by Power
9.3.7.2.5 Market size and forecast, by Application
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Propulsion
9.3.7.3.2 Market size and forecast, by Battery Type
9.3.7.3.3 Market size and forecast, by Range
9.3.7.3.4 Market size and forecast, by Power
9.3.7.3.5 Market size and forecast, by Application
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Propulsion
9.3.7.4.2 Market size and forecast, by Battery Type
9.3.7.4.3 Market size and forecast, by Range
9.3.7.4.4 Market size and forecast, by Power
9.3.7.4.5 Market size and forecast, by Application
9.3.7.5 Rest of Europe
9.3.7.5.1 Market size and forecast, by Propulsion
9.3.7.5.2 Market size and forecast, by Battery Type
9.3.7.5.3 Market size and forecast, by Range
9.3.7.5.4 Market size and forecast, by Power
9.3.7.5.5 Market size and forecast, by Application
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Propulsion
9.4.3 Asia-Pacific Market size and forecast, by Battery Type
9.4.4 Asia-Pacific Market size and forecast, by Range
9.4.5 Asia-Pacific Market size and forecast, by Power
9.4.6 Asia-Pacific Market size and forecast, by Application
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Propulsion
9.4.7.1.2 Market size and forecast, by Battery Type
9.4.7.1.3 Market size and forecast, by Range
9.4.7.1.4 Market size and forecast, by Power
9.4.7.1.5 Market size and forecast, by Application
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Propulsion
9.4.7.2.2 Market size and forecast, by Battery Type
9.4.7.2.3 Market size and forecast, by Range
9.4.7.2.4 Market size and forecast, by Power
9.4.7.2.5 Market size and forecast, by Application
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Propulsion
9.4.7.3.2 Market size and forecast, by Battery Type
9.4.7.3.3 Market size and forecast, by Range
9.4.7.3.4 Market size and forecast, by Power
9.4.7.3.5 Market size and forecast, by Application
9.4.7.4 South Korea
9.4.7.4.1 Market size and forecast, by Propulsion
9.4.7.4.2 Market size and forecast, by Battery Type
9.4.7.4.3 Market size and forecast, by Range
9.4.7.4.4 Market size and forecast, by Power
9.4.7.4.5 Market size and forecast, by Application
9.4.7.5 Rest Of Asia Pacific
9.4.7.5.1 Market size and forecast, by Propulsion
9.4.7.5.2 Market size and forecast, by Battery Type
9.4.7.5.3 Market size and forecast, by Range
9.4.7.5.4 Market size and forecast, by Power
9.4.7.5.5 Market size and forecast, by Application
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Propulsion
9.5.3 LAMEA Market size and forecast, by Battery Type
9.5.4 LAMEA Market size and forecast, by Range
9.5.5 LAMEA Market size and forecast, by Power
9.5.6 LAMEA Market size and forecast, by Application
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Propulsion
9.5.7.1.2 Market size and forecast, by Battery Type
9.5.7.1.3 Market size and forecast, by Range
9.5.7.1.4 Market size and forecast, by Power
9.5.7.1.5 Market size and forecast, by Application
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Propulsion
9.5.7.2.2 Market size and forecast, by Battery Type
9.5.7.2.3 Market size and forecast, by Range
9.5.7.2.4 Market size and forecast, by Power
9.5.7.2.5 Market size and forecast, by Application
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Propulsion
9.5.7.3.2 Market size and forecast, by Battery Type
9.5.7.3.3 Market size and forecast, by Range
9.5.7.3.4 Market size and forecast, by Power
9.5.7.3.5 Market size and forecast, by Application
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 ABB LTD
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Aquawatt Green Marine Technologies
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Boesch Motorboote AG
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Boote Marian GmbH
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Candela Technology AB
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Corvus Energy
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 Domani Yachts
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Duffy Electric Boat Company
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Echandia Group AB
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 ElectraCraft Power Boats
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 Frauscher Bootswerft GmbH & Co KG
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
11.12 Greenline Yachts
11.12.1 Company overview
11.12.2 Company snapshot
11.12.3 Operating business segments
11.12.4 Product portfolio
11.12.5 Business performance
11.12.6 Key strategic moves and developments
11.13 Grove Boats SA
11.13.1 Company overview
11.13.2 Company snapshot
11.13.3 Operating business segments
11.13.4 Product portfolio
11.13.5 Business performance
11.13.6 Key strategic moves and developments
11.14 Learboats USA, Inc.
11.14.1 Company overview
11.14.2 Company snapshot
11.14.3 Operating business segments
11.14.4 Product portfolio
11.14.5 Business performance
11.14.6 Key strategic moves and developments
11.15 NavAlt Solar & Electric Boats Pvt. Ltd
11.15.1 Company overview
11.15.2 Company snapshot
11.15.3 Operating business segments
11.15.4 Product portfolio
11.15.5 Business performance
11.15.6 Key strategic moves and developments
11.16 Quadrofoil d.o.o.
11.16.1 Company overview
11.16.2 Company snapshot
11.16.3 Operating business segments
11.16.4 Product portfolio
11.16.5 Business performance
11.16.6 Key strategic moves and developments
11.17 RAND Boats ApS
11.17.1 Company overview
11.17.2 Company snapshot
11.17.3 Operating business segments
11.17.4 Product portfolio
11.17.5 Business performance
11.17.6 Key strategic moves and developments
11.18 Ruban Bleu
11.18.1 Company overview
11.18.2 Company snapshot
11.18.3 Operating business segments
11.18.4 Product portfolio
11.18.5 Business performance
11.18.6 Key strategic moves and developments
11.19 Soel Yachts B.V.
11.19.1 Company overview
11.19.2 Company snapshot
11.19.3 Operating business segments
11.19.4 Product portfolio
11.19.5 Business performance
11.19.6 Key strategic moves and developments
11.20 Torqeedo GmbH
11.20.1 Company overview
11.20.2 Company snapshot
11.20.3 Operating business segments
11.20.4 Product portfolio
11.20.5 Business performance
11.20.6 Key strategic moves and developments
11.21 Vision Marine Technologies Inc.
11.21.1 Company overview
11.21.2 Company snapshot
11.21.3 Operating business segments
11.21.4 Product portfolio
11.21.5 Business performance
11.21.6 Key strategic moves and developments
11.22 X Shore
11.22.1 Company overview
11.22.2 Company snapshot
11.22.3 Operating business segments
11.22.4 Product portfolio
11.22.5 Business performance
11.22.6 Key strategic moves and developments
11.23 Yamaha Motor Co., Ltd.
11.23.1 Company overview
11.23.2 Company snapshot
11.23.3 Operating business segments
11.23.4 Product portfolio
11.23.5 Business performance
11.23.6 Key strategic moves and developments
List of Tables
Table 1. Global Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 2. Electric Boat Market Revenue, for Pure Electric Boats, by Region , 2021-2031,($Million)
Table 3. Electric Boat Market for Pure Electric Boats by Country, 2021-2031,($Million)
Table 4. Electric Boat Market Revenue, for Hybrid Electric Boats, by Region , 2021-2031,($Million)
Table 5. Electric Boat Market for Hybrid Electric Boats by Country, 2021-2031,($Million)
Table 6. Global Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 7. Electric Boat Market Revenue, for Lead-Acid Battery, by Region , 2021-2031,($Million)
Table 8. Electric Boat Market for Lead-Acid Battery by Country, 2021-2031,($Million)
Table 9. Electric Boat Market Revenue, for Lithium-Ion Battery, by Region , 2021-2031,($Million)
Table 10. Electric Boat Market for Lithium-Ion Battery by Country, 2021-2031,($Million)
Table 11. Electric Boat Market Revenue, for Nickel-Based Battery, by Region , 2021-2031,($Million)
Table 12. Electric Boat Market for Nickel-Based Battery by Country, 2021-2031,($Million)
Table 13. Global Electric Boat Market, by Range, 2021-2031,($Million)
Table 14. Electric Boat Market Revenue, for Less Than 50 Km, by Region , 2021-2031,($Million)
Table 15. Electric Boat Market for Less Than 50 Km by Country, 2021-2031,($Million)
Table 16. Electric Boat Market Revenue, for 50 to 100 Km, by Region , 2021-2031,($Million)
Table 17. Electric Boat Market for 50 to 100 Km by Country, 2021-2031,($Million)
Table 18. Electric Boat Market Revenue, for 101 to 1,000 Km, by Region , 2021-2031,($Million)
Table 19. Electric Boat Market for 101 to 1,000 Km by Country, 2021-2031,($Million)
Table 20. Electric Boat Market Revenue, for More Than 1,000 Km, by Region , 2021-2031,($Million)
Table 21. Electric Boat Market for More Than 1,000 Km by Country, 2021-2031,($Million)
Table 22. Global Electric Boat Market, by Power, 2021-2031,($Million)
Table 23. Electric Boat Market Revenue, for Below 5 Kw, by Region , 2021-2031,($Million)
Table 24. Electric Boat Market for Below 5 Kw by Country, 2021-2031,($Million)
Table 25. Electric Boat Market Revenue, for Between 5 Kw to 30 Kw, by Region , 2021-2031,($Million)
Table 26. Electric Boat Market for Between 5 Kw to 30 Kw by Country, 2021-2031,($Million)
Table 27. Electric Boat Market Revenue, for Above 30 Kw, by Region , 2021-2031,($Million)
Table 28. Electric Boat Market for Above 30 Kw by Country, 2021-2031,($Million)
Table 29. Global Electric Boat Market, by Application, 2021-2031,($Million)
Table 30. Electric Boat Market Revenue, for Passenger Boats, by Region , 2021-2031,($Million)
Table 31. Electric Boat Market for Passenger Boats by Country, 2021-2031,($Million)
Table 32. Electric Boat Market Revenue, for Cargo Boats, by Region , 2021-2031,($Million)
Table 33. Electric Boat Market for Cargo Boats by Country, 2021-2031,($Million)
Table 34. Electric Boat Market Revenue, for Others, by Region , 2021-2031,($Million)
Table 35. Electric Boat Market for Others by Country, 2021-2031,($Million)
Table 36. Electric Boat Market, by Region, 2021-2031,($Million)
Table 37. North America Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 38. North America Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 39. North America Electric Boat Market, by Range, 2021-2031,($Million)
Table 40. North America Electric Boat Market, by Power, 2021-2031,($Million)
Table 41. North America Electric Boat Market, by Application, 2021-2031,($Million)
Table 42. North America Electric Boat Market, by Country, 2021-2031,($Million)
Table 43. U.S. Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 44. U.S. Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 45. U.S. Electric Boat Market, by Range, 2021-2031,($Million)
Table 46. U.S. Electric Boat Market, by Power, 2021-2031,($Million)
Table 47. U.S. Electric Boat Market, by Application, 2021-2031,($Million)
Table 48. Canada Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 49. Canada Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 50. Canada Electric Boat Market, by Range, 2021-2031,($Million)
Table 51. Canada Electric Boat Market, by Power, 2021-2031,($Million)
Table 52. Canada Electric Boat Market, by Application, 2021-2031,($Million)
Table 53. Mexico Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 54. Mexico Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 55. Mexico Electric Boat Market, by Range, 2021-2031,($Million)
Table 56. Mexico Electric Boat Market, by Power, 2021-2031,($Million)
Table 57. Mexico Electric Boat Market, by Application, 2021-2031,($Million)
Table 58. Europe Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 59. Europe Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 60. Europe Electric Boat Market, by Range, 2021-2031,($Million)
Table 61. Europe Electric Boat Market, by Power, 2021-2031,($Million)
Table 62. Europe Electric Boat Market, by Application, 2021-2031,($Million)
Table 63. Europe Electric Boat Market, by Country, 2021-2031,($Million)
Table 64. United Kingdom Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 65. United Kingdom Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 66. United Kingdom Electric Boat Market, by Range, 2021-2031,($Million)
Table 67. United Kingdom Electric Boat Market, by Power, 2021-2031,($Million)
Table 68. United Kingdom Electric Boat Market, by Application, 2021-2031,($Million)
Table 69. Germany Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 70. Germany Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 71. Germany Electric Boat Market, by Range, 2021-2031,($Million)
Table 72. Germany Electric Boat Market, by Power, 2021-2031,($Million)
Table 73. Germany Electric Boat Market, by Application, 2021-2031,($Million)
Table 74. France Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 75. France Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 76. France Electric Boat Market, by Range, 2021-2031,($Million)
Table 77. France Electric Boat Market, by Power, 2021-2031,($Million)
Table 78. France Electric Boat Market, by Application, 2021-2031,($Million)
Table 79. Italy Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 80. Italy Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 81. Italy Electric Boat Market, by Range, 2021-2031,($Million)
Table 82. Italy Electric Boat Market, by Power, 2021-2031,($Million)
Table 83. Italy Electric Boat Market, by Application, 2021-2031,($Million)
Table 84. Rest of Europe Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 85. Rest of Europe Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 86. Rest of Europe Electric Boat Market, by Range, 2021-2031,($Million)
Table 87. Rest of Europe Electric Boat Market, by Power, 2021-2031,($Million)
Table 88. Rest of Europe Electric Boat Market, by Application, 2021-2031,($Million)
Table 89. Asia-Pacific Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 90. Asia-Pacific Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 91. Asia-Pacific Electric Boat Market, by Range, 2021-2031,($Million)
Table 92. Asia-Pacific Electric Boat Market, by Power, 2021-2031,($Million)
Table 93. Asia-Pacific Electric Boat Market, by Application, 2021-2031,($Million)
Table 94. Asia-Pacific Electric Boat Market, by Country, 2021-2031,($Million)
Table 95. China Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 96. China Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 97. China Electric Boat Market, by Range, 2021-2031,($Million)
Table 98. China Electric Boat Market, by Power, 2021-2031,($Million)
Table 99. China Electric Boat Market, by Application, 2021-2031,($Million)
Table 100. Japan Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 101. Japan Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 102. Japan Electric Boat Market, by Range, 2021-2031,($Million)
Table 103. Japan Electric Boat Market, by Power, 2021-2031,($Million)
Table 104. Japan Electric Boat Market, by Application, 2021-2031,($Million)
Table 105. India Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 106. India Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 107. India Electric Boat Market, by Range, 2021-2031,($Million)
Table 108. India Electric Boat Market, by Power, 2021-2031,($Million)
Table 109. India Electric Boat Market, by Application, 2021-2031,($Million)
Table 110. South Korea Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 111. South Korea Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 112. South Korea Electric Boat Market, by Range, 2021-2031,($Million)
Table 113. South Korea Electric Boat Market, by Power, 2021-2031,($Million)
Table 114. South Korea Electric Boat Market, by Application, 2021-2031,($Million)
Table 115. Rest of Asia-Pacific Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 116. Rest of Asia-Pacific Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 117. Rest of Asia-Pacific Electric Boat Market, by Range, 2021-2031,($Million)
Table 118. Rest of Asia-Pacific Electric Boat Market, by Power, 2021-2031,($Million)
Table 119. Rest of Asia-Pacific Electric Boat Market, by Application, 2021-2031,($Million)
Table 120. LAMEA Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 121. LAMEA Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 122. LAMEA Electric Boat Market, by Range, 2021-2031,($Million)
Table 123. LAMEA Electric Boat Market, by Power, 2021-2031,($Million)
Table 124. LAMEA Electric Boat Market, by Application, 2021-2031,($Million)
Table 125. LAMEA Electric Boat Market, by Country, 2021-2031,($Million)
Table 126. Latin America Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 127. Latin America Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 128. Latin America Electric Boat Market, by Range, 2021-2031,($Million)
Table 129. Latin America Electric Boat Market, by Power, 2021-2031,($Million)
Table 130. Latin America Electric Boat Market, by Application, 2021-2031,($Million)
Table 131. Middle East Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 132. Middle East Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 133. Middle East Electric Boat Market, by Range, 2021-2031,($Million)
Table 134. Middle East Electric Boat Market, by Power, 2021-2031,($Million)
Table 135. Middle East Electric Boat Market, by Application, 2021-2031,($Million)
Table 136. Africa Electric Boat Market, by Propulsion, 2021-2031,($Million)
Table 137. Africa Electric Boat Market, by Battery Type, 2021-2031,($Million)
Table 138. Africa Electric Boat Market, by Range, 2021-2031,($Million)
Table 139. Africa Electric Boat Market, by Power, 2021-2031,($Million)
Table 140. Africa Electric Boat Market, by Application, 2021-2031,($Million)
Table 141. Abb Ltd: Company Snapshot
Table 142. Abb Ltd: Operating Segments
Table 143. Abb Ltd: Product Portfolio
Table 144. Abb Ltd: Net Sales
Table 145. Abb Ltd: Key Stratergies
Table 146. Aquawatt Green Marine Technologies: Company Snapshot
Table 147. Aquawatt Green Marine Technologies: Operating Segments
Table 148. Aquawatt Green Marine Technologies: Product Portfolio
Table 149. Aquawatt Green Marine Technologies: Net Sales
Table 150. Aquawatt Green Marine Technologies: Key Stratergies
Table 151. Boesch Motorboote Ag: Company Snapshot
Table 152. Boesch Motorboote Ag: Operating Segments
Table 153. Boesch Motorboote Ag: Product Portfolio
Table 154. Boesch Motorboote Ag: Net Sales
Table 155. Boesch Motorboote Ag: Key Stratergies
Table 156. Boote Marian GmbH: Company Snapshot
Table 157. Boote Marian GmbH: Operating Segments
Table 158. Boote Marian GmbH: Product Portfolio
Table 159. Boote Marian GmbH: Net Sales
Table 160. Boote Marian GmbH: Key Stratergies
Table 161. Candela Technology Ab: Company Snapshot
Table 162. Candela Technology Ab: Operating Segments
Table 163. Candela Technology Ab: Product Portfolio
Table 164. Candela Technology Ab: Net Sales
Table 165. Candela Technology Ab: Key Stratergies
Table 166. Corvus Energy: Company Snapshot
Table 167. Corvus Energy: Operating Segments
Table 168. Corvus Energy: Product Portfolio
Table 169. Corvus Energy: Net Sales
Table 170. Corvus Energy: Key Stratergies
Table 171. Domani Yachts: Company Snapshot
Table 172. Domani Yachts: Operating Segments
Table 173. Domani Yachts: Product Portfolio
Table 174. Domani Yachts: Net Sales
Table 175. Domani Yachts: Key Stratergies
Table 176. Duffy Electric Boat Company: Company Snapshot
Table 177. Duffy Electric Boat Company: Operating Segments
Table 178. Duffy Electric Boat Company: Product Portfolio
Table 179. Duffy Electric Boat Company: Net Sales
Table 180. Duffy Electric Boat Company: Key Stratergies
Table 181. Echandia Group Ab: Company Snapshot
Table 182. Echandia Group Ab: Operating Segments
Table 183. Echandia Group Ab: Product Portfolio
Table 184. Echandia Group Ab: Net Sales
Table 185. Echandia Group Ab: Key Stratergies
Table 186. Electracraft Power Boats: Company Snapshot
Table 187. Electracraft Power Boats: Operating Segments
Table 188. Electracraft Power Boats: Product Portfolio
Table 189. Electracraft Power Boats: Net Sales
Table 190. Electracraft Power Boats: Key Stratergies
Table 191. Frauscher Bootswerft GmbH & Co Kg: Company Snapshot
Table 192. Frauscher Bootswerft GmbH & Co Kg: Operating Segments
Table 193. Frauscher Bootswerft GmbH & Co Kg: Product Portfolio
Table 194. Frauscher Bootswerft GmbH & Co Kg: Net Sales
Table 195. Frauscher Bootswerft GmbH & Co Kg: Key Stratergies
Table 196. Greenline Yachts: Company Snapshot
Table 197. Greenline Yachts: Operating Segments
Table 198. Greenline Yachts: Product Portfolio
Table 199. Greenline Yachts: Net Sales
Table 200. Greenline Yachts: Key Stratergies
Table 201. Grove Boats Sa: Company Snapshot
Table 202. Grove Boats Sa: Operating Segments
Table 203. Grove Boats Sa: Product Portfolio
Table 204. Grove Boats Sa: Net Sales
Table 205. Grove Boats Sa: Key Stratergies
Table 206. Learboats Usa, Inc.: Company Snapshot
Table 207. Learboats Usa, Inc.: Operating Segments
Table 208. Learboats Usa, Inc.: Product Portfolio
Table 209. Learboats Usa, Inc.: Net Sales
Table 210. Learboats Usa, Inc.: Key Stratergies
Table 211. Navalt Solar & Electric Boats Pvt. Ltd: Company Snapshot
Table 212. Navalt Solar & Electric Boats Pvt. Ltd: Operating Segments
Table 213. Navalt Solar & Electric Boats Pvt. Ltd: Product Portfolio
Table 214. Navalt Solar & Electric Boats Pvt. Ltd: Net Sales
Table 215. Navalt Solar & Electric Boats Pvt. Ltd: Key Stratergies
Table 216. Quadrofoil D.O.O.: Company Snapshot
Table 217. Quadrofoil D.O.O.: Operating Segments
Table 218. Quadrofoil D.O.O.: Product Portfolio
Table 219. Quadrofoil D.O.O.: Net Sales
Table 220. Quadrofoil D.O.O.: Key Stratergies
Table 221. Rand Boats Aps: Company Snapshot
Table 222. Rand Boats Aps: Operating Segments
Table 223. Rand Boats Aps: Product Portfolio
Table 224. Rand Boats Aps: Net Sales
Table 225. Rand Boats Aps: Key Stratergies
Table 226. Ruban Bleu: Company Snapshot
Table 227. Ruban Bleu: Operating Segments
Table 228. Ruban Bleu: Product Portfolio
Table 229. Ruban Bleu: Net Sales
Table 230. Ruban Bleu: Key Stratergies
Table 231. Soel Yachts B.V.: Company Snapshot
Table 232. Soel Yachts B.V.: Operating Segments
Table 233. Soel Yachts B.V.: Product Portfolio
Table 234. Soel Yachts B.V.: Net Sales
Table 235. Soel Yachts B.V.: Key Stratergies
Table 236. Torqeedo GmbH: Company Snapshot
Table 237. Torqeedo GmbH: Operating Segments
Table 238. Torqeedo GmbH: Product Portfolio
Table 239. Torqeedo GmbH: Net Sales
Table 240. Torqeedo GmbH: Key Stratergies
Table 241. Vision Marine Technologies Inc.: Company Snapshot
Table 242. Vision Marine Technologies Inc.: Operating Segments
Table 243. Vision Marine Technologies Inc.: Product Portfolio
Table 244. Vision Marine Technologies Inc.: Net Sales
Table 245. Vision Marine Technologies Inc.: Key Stratergies
Table 246. X Shore: Company Snapshot
Table 247. X Shore: Operating Segments
Table 248. X Shore: Product Portfolio
Table 249. X Shore: Net Sales
Table 250. X Shore: Key Stratergies
Table 251. Yamaha Motor Co., Ltd.: Company Snapshot
Table 252. Yamaha Motor Co., Ltd.: Operating Segments
Table 253. Yamaha Motor Co., Ltd.: Product Portfolio
Table 254. Yamaha Motor Co., Ltd.: Net Sales
Table 255. Yamaha Motor Co., Ltd.: Key Stratergies
List of Figures
Figure 1. Electric Boat Market Segmentation
Figure 2. Electric Boat Market,2021-2031
Figure 3. Electric Boat Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Electric Boat Market:Drivers, Restraints and Opportunities
Figure 12. Electric Boat Market,By Propulsion,2021(%)
Figure 13. Comparative Share Analysis of Pure Electric Boats Electric Boat Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Hybrid Electric Boats Electric Boat Market,2021-2031(%)
Figure 15. Electric Boat Market,By Battery Type,2021(%)
Figure 16. Comparative Share Analysis of Lead-Acid Battery Electric Boat Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Lithium-Ion Battery Electric Boat Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Nickel-based Battery Electric Boat Market,2021-2031(%)
Figure 19. Electric Boat Market,By Range,2021(%)
Figure 20. Comparative Share Analysis of Less Than 50 Km Electric Boat Market,2021-2031(%)
Figure 21. Comparative Share Analysis of 50 to 100 Km Electric Boat Market,2021-2031(%)
Figure 22. Comparative Share Analysis of 101 to 1,000 Km Electric Boat Market,2021-2031(%)
Figure 23. Comparative Share Analysis of More Than 1,000 Km Electric Boat Market,2021-2031(%)
Figure 24. Electric Boat Market,By Power,2021(%)
Figure 25. Comparative Share Analysis of Below 5 kW Electric Boat Market,2021-2031(%)
Figure 26. Comparative Share Analysis of Between 5 kW to 30 kW Electric Boat Market,2021-2031(%)
Figure 27. Comparative Share Analysis of Above 30 kW Electric Boat Market,2021-2031(%)
Figure 28. Electric Boat Market,By Application,2021(%)
Figure 29. Comparative Share Analysis of Passenger Boats Electric Boat Market,2021-2031(%)
Figure 30. Comparative Share Analysis of Cargo Boats Electric Boat Market,2021-2031(%)
Figure 31. Comparative Share Analysis of Others Electric Boat Market,2021-2031(%)
Figure 32. Electric Boat Market by Region,2021
Figure 33. U.S. Electric Boat Market,2021-2031($Million)
Figure 34. Canada Electric Boat Market,2021-2031($Million)
Figure 35. Mexico Electric Boat Market,2021-2031($Million)
Figure 36. United Kingdom Electric Boat Market,2021-2031($Million)
Figure 37. Germany Electric Boat Market,2021-2031($Million)
Figure 38. France Electric Boat Market,2021-2031($Million)
Figure 39. Italy Electric Boat Market,2021-2031($Million)
Figure 40. Rest of Europe Electric Boat Market,2021-2031($Million)
Figure 41. China Electric Boat Market,2021-2031($Million)
Figure 42. Japan Electric Boat Market,2021-2031($Million)
Figure 43. India Electric Boat Market,2021-2031($Million)
Figure 44. South Korea Electric Boat Market,2021-2031($Million)
Figure 45. Rest of Asia-Pacific Electric Boat Market,2021-2031($Million)
Figure 46. Latin America Electric Boat Market,2021-2031($Million)
Figure 47. Middle East Electric Boat Market,2021-2031($Million)
Figure 48. Africa Electric Boat Market,2021-2031($Million)
Figure 49. Top Winning Strategies, by Year
Figure 50. Top Winning Strategies, by Development
Figure 51. Top Winning Strategies, by Company
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap of Top 10 Key Players
Figure 55. ABB Ltd.: Net Sales ,($Million)
Figure 56. Aquawatt Green Marine Technologies.: Net Sales ,($Million)
Figure 57. Boesch Motorboote AG.: Net Sales ,($Million)
Figure 58. Boote Marian GmbH.: Net Sales ,($Million)
Figure 59. Candela Technology Ab.: Net Sales ,($Million)
Figure 60. Corvus Energy.: Net Sales ,($Million)
Figure 61. Domani Yachts.: Net Sales ,($Million)
Figure 62. Duffy Electric Boat Company.: Net Sales ,($Million)
Figure 63. Echandia Group Ab.: Net Sales ,($Million)
Figure 64. Electracraft Power Boats.: Net Sales ,($Million)
Figure 65. Frauscher Bootswerft GmbH & Co KG.: Net Sales ,($Million)
Figure 66. Greenline Yachts.: Net Sales ,($Million)
Figure 67. Grove Boats SA.: Net Sales ,($Million)
Figure 68. Learboats Usa, Inc..: Net Sales ,($Million)
Figure 69. Navalt Solar & Electric Boats Pvt. Ltd.: Net Sales ,($Million)
Figure 70. Quadrofoil D.O.O..: Net Sales ,($Million)
Figure 71. Rand Boats Aps.: Net Sales ,($Million)
Figure 72. Ruban Bleu.: Net Sales ,($Million)
Figure 73. Soel Yachts B.V..: Net Sales ,($Million)
Figure 74. Torqeedo GmbH.: Net Sales ,($Million)
Figure 75. Vision Marine Technologies Inc..: Net Sales ,($Million)
Figure 76. X Shore.: Net Sales ,($Million)
Figure 77. Yamaha Motor Co. Ltd..: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Electric Boat Market," the electric boat market was valued at $5.0 billion in 2021, and is estimated to reach $16.6 billion by 2031, growing at a CAGR of 12.9% from 2022 to 2031.

Europe is expected to dominate the global electric boat market in 2021. Key factors contributing toward the market growth include commitment of the government toward decreasing emission levels, encouraging zero-emission power sources, innovative battery systems, and high performance of longer-range batteries. Furthermore, manufacturers are focusing on new battery technologies to deliver longer-range batteries and high performance for electric boats. Development in emission norms and restrictions in maritime transportation has led to growth of the electric boat market. Increase in investments by government and private sector in research and development of battery systems and electronic components is expected to fuel the market expansion during the forecast period. In addition, development of charging infrastructure for electric boats, coupled with government support has also been observed in the region, which encourages adoption of electric boats. Moreover, in Germany, development of autonomous boats for transportation is also expected to supplement growth of the market during the forecast period.

Popularity of lithium-ion batteries is on an exponential increase, as they are light in weight, have high capacity, and have exhibited a sharp decline in price in recent years. Lead-acid batteries have drawbacks such as high self-discharging rates and relatively low charge/discharge cycles, which makes them less suitable for energy storage applications. Hence, these drawbacks of electric boat manufacturers are moving toward adoption of lithium-ion batteries in electric boats. Numerous battery manufacturers are introducing new and improved lithium-ion batteries for electric boats and electric mobility. For instance, in November 2021, Electric Fuel, manufacturers of professional high-performance batteries, launched its new 48V high energy density lithium-ion marine battery at the METSTRADE 2021 show in Amsterdam, Netherlands. The new 48V batteries is the latest addition to Electric Fuel’s lithium-ion marine battery family offers four times the energy of similar lead-acid batteries.

By propulsion, the global electric boat market is segregated into pure electric boats and hybrid electric boats. Pure electric boats use battery power for propulsion of rotor to gain maximum momentum. Its primary propulsion technology is an electric drive system. Electric boats are faster, noiseless, and reduce emission in the atmosphere. Electric motors are more reliable, longer-lasting, and require less maintenance. Low calorific value eliminates the need for cooling systems in the boat. They have lower range compared to hybrid electric boats. These are lighter in weight to their diesel counterparts. Introduction of stringent emission regulations, increase in environmental concerns, and government support drive growth of this segment. Several players operating in the market are launching new products and entering into partnerships to cater to growing consumer demand.

Significant factors impacting growth of the electric boat market include environmental concerns and stringent emission regulations, growth in maritime trade, and strengthening tourism activity with greater participation in boating, cruising, yachting and nautical sports. Moreover, limited battery capacity and range associated with electric boats, and high costs of electric boats hinders the market growth. Growth and developments to expand charging infrastructure, government support to promote adoption of electric boats, and technological advancements are expected to offer growth opportunities during the forecast period. However, each of these factors is anticipated to have a definite impact on the electric boat market during the forecast period.

COVID-19 Impact Analysis

  • The impact of the COVID-19 pandemic has resulted in delayed development and launches of electric boats & propulsion system, slowdown in the operation of the key players, and shortage of components. The pandemic has resulted in supply-chain disruptions causing delayed production of electric boats.
  • The maritime industry has d become an important part of supply chains various countries,' supply chains, and the COVID-19 epidemic pandemic had a huge impact on it. The shipping industry is dependent on manufacturing, which was stopped to protect people from SARS-CoV-2, causing substantial hurdles. Shortage of components, owing to regulations associated with import and export of goods have also resulted in delayed manufacturing, and launch of electric boats. A primary issue confronting the shipping & boating sector is the failure to repair vessels, which leads to operational failure. Random breakdowns cause delays and inconveniences in the shipping business. Travel limitations caused by the COVID-19 pandemic were also a challenge for engineers while performing routine maintenance.
  • However, with government relaxations to improve economic conditions, the boating sector has experienced significant growth in 2021. Boating and fishing continues to occupy the top rank as the largest leisure activity in the U.S. and nearly 100 million Americans go boating each year. With the continuedcontinuous popularity of remote work and flexible schedules, people are exploring more adventures at in water.

Key Findings of the Study

  • By propulsion, the pure electric boats segment is anticipated to exhibit significant growth in the near future.
  • By battery type, the lithium-ion battery segment is anticipated to exhibit significant growth in the near future.
  • By range, the 101 to 1,000 km segment is anticipated to exhibit significant growth in the near future.
  • By power output, the above 30 kW segment is anticipated to exhibit significant growth in the near future.
  • By application, the cargo segment is anticipated to exhibit significant growth in the near future.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.
  • Key players operating in the global electric boat market include ABB Ltd., Aquawatt Green Marine Technologies, Boesch Motorboote AG, Boote Marian GmbH, Candela Technology AB, Corvus Energy, Domini Yachts, Duffy Electric Boat Company, Echandia AB, ElectraCraft, Inc., Frauscher Bootswerft GmbH & Co KG, Greenline Yachts, Grove Boats SA, LearBoats USA, Inc., NavAlt Solar & Electric Boats Pvt. Ltd., Quadrofoil d.o.o., RAND Boats ApS, Ruban Bleu, Soel Yachts B.V., Torqeedo GmbH, Vision Marine Technologies Inc., X Shore, and Yamaha Motor Co., Ltd

Companies Mentioned

  • Abb Ltd
  • Aquawatt Green Marine Technologies
  • Boesch Motorboote AG
  • Boote Marian GmbH
  • Candela Technology Ab
  • Corvus Energy
  • Domani Yachts
  • Duffy Electric Boat Company
  • Echandia Group Ab
  • Electracraft Power Boats
  • Frauscher Bootswerft GmbH & Co Kg
  • Greenline Yachts
  • Grove Boats Sa
  • Learboats Usa, Inc.
  • Navalt Solar & Electric Boats Pvt. Ltd
  • Quadrofoil D.O.O.
  • Rand Boats Aps
  • Ruban Bleu
  • Soel Yachts B.V.
  • Torqeedo GmbH
  • Vision Marine Technologies Inc.
  • X Shore
  • Yamaha Motor Co. Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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