The Europe electric boat market is expected to grow from US$ 2,090.69 million in 2022 to US$ 4,404.83 million by 2028. It is estimated to grow at a CAGR of 13.2% from 2022 to 2028.
Stringent Government Regulations for Controlling Greenhouse Gas Emissions is Fueling Europe Electric Boat Market
Electric boats are rapidly replacing fuel-powered boats due to rising environmental concerns and stringent government regulations to control greenhouse gas emissions. Conventional boats produce a large number of exhaust gases such as sulfur oxide, carbon dioxide, and nitrogen oxide. Thus, the growing pollution levels across marine lines and seaports enable government authorities to shift toward eco-friendly options such as electric boats. Electric hybrid boats help reduce pollution levels and maintain environmental sustainability goals. Thus, government regulations for eliminating greenhouse gas (GHG) emissions are propelling the demand for electric boats. These include the implementation of Emission Control Areas (ECAs), setting sulfur content limits in marine fuels, and the international convention for preventing pollution from boats and ships. These policy initiatives have encouraged the development and adoption of various eco-friendly electric and hybrid boats which in turn boosts the Europe electric boat market.Europe Electric Boat Market Overview
The Europe electric boat market is sub segmented into Germany, France, the UK, Russia, Italy, and the Rest of Europe. The Rest of Europe includes Switzerland, Spain, Norway, Belgium, Denmark, and the Netherlands. A surge in leisure boat activities with increased per capita income and other similar demographic trends is supporting the market growth in Europe. Water sports events have gained huge popularity in the region, as the most of European countries have large coastal areas. Moreover, the people in these countries engage in recreational activities such as boating, marine line sightseeing, and fishing. These factors trigger the demand for electric boats in Europe. The boats and ships businesses in Norway, France, and the UK are growing notably. In Norway, Arenda city has a prominent electric leisure boat manufacturing base. The municipality of Arenda is working with various stakeholders to develop charging points along the coast. In recent years, the International Maritime Organization (IMO) and European Commission (EC) have taken actions to reduce airborne emissions from the shipping industry. These policy initiatives include the implementation of Emission Control Areas (ECAs) for setting permissible limits for the sulfur content of marine fuels.Europe Electric Boat Market Segmentation
The Europe electric boat market is segmented into boat type, battery type, application, and country. Based on boat type, the market is segmented into pure electric and hybrid segment. The pure electric segment registered a larger market share in 2022.- Based on type, the Europe electric boat market is segmented into nickel based, lead acid, and lithium-ion. The lithium-ion segment registered the largest market share in 2022. Based on application, the Europe electric boat market is segmented into fishing, recreational, and others. The recreational segment registered the largest market share in 2022. Based on country, the Europe electric boat market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022. Aquawatt Mechatronik und Yachtbau; Budsin Wood Craft; Candela Technology AB; Duffy Electric Boat Company; Frauscher Bootswerft GmbH & Co KG; Quadrofoil D.O.O; RAND Boats; Ruban Bleu; and Vision Marine Technologies Inc. are the leading companies operating in the Europe electric boat market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electric Boat Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Electric Boat Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Government Regulations for Controlling Greenhouse Gas Emissions
5.1.2 Increasing Network for Charging Points in Marine Infrastructure for Small Boats
5.2 Market Restraints
5.2.1 High Cost of Batteries and Range Limitations
5.3 Market Opportunities
5.3.1 Increasing Installation of Superchargers at Smaller Ports
5.4 Future Trends
5.4.1 Rising Inclination Toward Solar-Electric Boats
5.5 Impact Analysis of Drivers and Restraints
6. Electric Boat Market- Europe Market Analysis
6.1 Europe Electric Boat Market Overview
6.2 Europe Electric Boat Market Forecast and Analysis
7. Europe Electric Boat Market Revenue and Forecast to 2028 - Boat Type
7.1 Overview
7.2 Europe Electric Boat Market, By Boat Type (2021 And 2028)
7.3 Pure Electric
7.3.1 Overview
7.3.2 Pure Electric: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
7.4 Hybrid
7.4.1 Overview
7.4.2 Hybrid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Electric Boat Market Revenue and Forecast to 2028 - Battery Type
8.1 Overview
8.2 Europe Electric Boat Market, By Battery Type (2021 And 2028)
8.3 Nickel Based
8.3.1 Overview
8.3.2 Nickel Based: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.4 Lead Acid
8.4.1 Overview
8.4.2 Lead Acid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.5 Lithium-ion
8.5.1 Overview
8.5.2 Lithium-ion: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Electric Boat Market - By Application
9.1 Overview
9.2 Europe Electric Boat Market, by Application (2021 and 2028)
9.3 Fishing
9.3.1 Overview
9.3.2 Fishing: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Recreational
9.4.1 Overview
9.4.2 Recreational: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
10. Europe Electric Boat Market- Country Analysis
10.1 Overview
10.1.1 Europe: Electric Boat Market, by Key Country
10.1.1.1 Germany: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Electric Boat Market, By Boat Type
10.1.1.1.2 Germany: Electric Boat Market, By Battery Type
10.1.1.1.3 Germany: Electric Boat Market, By Application
10.1.1.2 France: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Electric Boat Market, By Boat Type
10.1.1.2.2 France: Electric Boat Market, By Battery Type
10.1.1.2.3 France: Electric Boat Market, By Application
10.1.1.3 Italy: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Electric Boat Market, By Boat Type
10.1.1.3.2 Italy: Electric Boat Market, By Battery Type
10.1.1.3.3 Italy: Electric Boat Market, By Application
10.1.1.4 UK: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Electric Boat Market, By Boat Type
10.1.1.4.2 UK: Electric Boat Market, By Battery Type
10.1.1.4.3 UK: Electric Boat Market, By Application
10.1.1.5 Russia: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Electric Boat Market, By Boat Type
10.1.1.5.2 Russia: Electric Boat Market, By Battery Type
10.1.1.5.3 Russia: Electric Boat Market, By Application
10.1.1.6 Rest of Europe: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Electric Boat Market, By Boat Type
10.1.1.6.2 Rest of Europe: Electric Boat Market, By Battery Type
10.1.1.6.3 Rest of Europe: Electric Boat Market, By Application
11. Industry Landscape
11.1 Overview
11.2 New Product Development
12. Company Profiles
12.1 Frauscher Bootswerft GmbH & Co KG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Duffy Electric Boat Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 RAND Boats
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Vision Marine Technologies Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Quadrofoil D.O.O
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ruban Bleu
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Aquawatt Mechatronik und Yachtbau
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Budsin Wood Craft
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Candela Technology AB
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
Table 1. Europe Electric Boat Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. Europe: Electric Boat Market, By Key Country- Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Electric Boat Market, By Battery Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Electric Boat Market, By Application- Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Electric Boat Market, By Battery Type- Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Electric Boat Market, By Application- Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Electric Boat Market, By Battery Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Electric Boat Market, By Application- Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Electric Boat Market, By Battery Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Electric Boat Market, By Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Electric Boat Market, By Battery Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Electric Boat Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Electric Boat Market, By Boat Type- Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Electric Boat Market, By Battery Type- Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Electric Boat Market, By Application- Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
Figure 1. Europe Electric Boat Market Segmentation
Figure 2. Europe Electric Boat Market Segmentation - by Country
Figure 3. Europe Electric Boat Market Overview
Figure 4. Europe Electric Boat Market, By Boat Type
Figure 5. Europe Electric Boat Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Electric Boat Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Electric Boat Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Electric Boat Market, Forecast and Analysis (US$ Million)
Figure 11. Europe Electric Boat Market, By Boat Type (2021 and 2028)
Figure 12. Pure Electric: Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Hybrid: Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Electric Boat Market, By Battery Type (2021 and 2028)
Figure 15. Nickel Based: Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Lead Acid: Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Lithium-ion: Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Electric Boat Market Revenue Share, by Application (2021 and 2028)
Figure 19. Fishing: Europe Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Recreational: Europe Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Europe Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Electric Boat Market, by Key Country - Revenue (2021) (US$ Million)
Figure 23. Europe: Electric Boat Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Germany: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Aquawatt Mechatronik und Yachtbau
- Budsin Wood Craft
- Candela Technology AB
- Duffy Electric Boat Company
- Frauscher Bootswerft GmbH & Co KG
- Quadrofoil D.O.O
- RAND Boats
- Ruban Bleu
- Vision Marine Technologies Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 116 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2090.69 Million |
| Forecasted Market Value ( USD | $ 4404.83 Million |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 9 |
