Global Electric Boat Market Report Size, Trends & Growth Opportunity, By Battery Type (nickel-based batteries, lithium-ion, lead acid), By Boat Type (fully electric, hybrid), By Application (Passenger, Cargo, Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2030.
Report ID : IR1002430 | Industries : Automotive and Transportation | Published On :June 2024 | Page Count : 241
Global Electric Boat Market Report Size, Trends & Growth Opportunity, By Battery Type (nickel-based batteries, lithium-ion, lead acid), By Boat Type (fully electric, hybrid), By Application (Passenger, Cargo, Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2030.
Global Electric Boat Market
The Global Electric Boat Market is estimated to be USD 6.35 Bn in 2022 and is projected to reach USD 17.03 Bn by 2030, growing at a CAGR of 10.45%.
A form of electric vehicle which is designed to carry off marine operations by driving the boat through batteries rather than by fuel is an Electric boat. The batteries used in electric vehicles correspondent to those used in electric boats.
Market Drivers
Major reasons that drive the Global Electric Boat Market growth is rising concern about the environment and advancement in battery technology have inclined industries worldwide to adopt green tech in their application.
Moreover, the electric boat is the industry where manufacturers are shifting their focus toward batteries for refining the carbon footprint of the industry.
Market Restraints
The main restraining factor for the market growth is the broader application of electric boats as it is hindered by the high prices of boats with longer runtime and higher speed.
Market Segmentation
The Electric Boat Market is segmented into major 4 categories. Based on Battery Type, the market is segmented into nickel-based batteries, lithium-ion, and lead acid. Based on Application, the market is divided into Passenger, Cargo, and Other. Based on Boat Type, the market is segmented into full electric and hybrid. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Europe is anticipated to dominate the market owing to the growing demand for electric boats for entertaining and passenger-ferrying purposes and the bigger coastal line is fascinating foreign tourists to the region, which is expected to lift the demand for electric boats.
North America is likely to witness substantial growth over the forecast period because of its big demand for electric boats and the regional population now chooses new electric boats for leisure and leisure purposes which contain ski boats, pontoon boats, sailboats, and houseboats used for vacationing and for the inhabited purpose for long-term.
Market Key Players
Some of the key players operating in the Global Electric Boat Market are Frauscher Sensortechnik GmbH, NovAlt Boats, Canadian Electric Boats, Co., Vision Marine Technologies Inc., Learboats USA, Inc., Aquawatt, Echandia Group AB, ElectraCraft Power Boats, Duffy Electric Boat Company, LTS Marine.
Industry development
In November 2018, Laguna 760 of Boote Marian GmbH was awarded Excellent Product Design from German Design Award. Equipped with a powerful electric motor, Laguna 760 is the next step towards electro-mobility and offers excellent performance. With this recognition, the company expected to improve its market share in the coming years.
In August 2019, Canadian Electric Boat Co. expanded its Boisbriand plant for producing a photovoltaic roof for its Volt 180 and Fantail 217 models. Also, with this expansion, the new Phoenix model will be alive and powered by 2 BMW i3 batteries, Torqeedo's deep blue twin engine.
Market Taxonomy
By Boat Type
o hybrid
o full electric
By Battery Type
o Nickel-based batteries
o lithium-ion
o lead acid
By Application
o Passenger
o Cargo
o Other
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Clove Bud Essential Oil Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Electric Boat Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Electric Boat Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Electric Boat Market, By Boat Type
5.1 Y-o-Y Growth Comparison, By Boat Type
5.2 Electric Boat Market Share Analysis, By Boat Type
5.3 Electric Boat Market Size and Forecast, By Boat Type
5.3.1 full electric
5.3.2 hybrid
6 Electric Boat Market, By Battery Type
6.1 Y-o-Y Growth Comparison, By Battery Type
6.2 Electric Boat Market Share Analysis, By Battery Type
6.3 Electric Boat Market Size and Forecast, By Battery Type
6.3.1 nickel-based batteries
6.3.2 lithium ion
6.3.3 lead acid
7 Electric Boat Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Electric Boat Market Share Analysis, By Application
7.3 Electric Boat Market Size and Forecast, By Application
7.3.1 Passenger
7.3.2 Cargo
7.3.3 Other
8 Electric Boat Market, By Region
8.1 Electric Boat Market Share Analysis, By Region
8.2 Electric Boat Market Share Analysis, By Region
8.3 Electric Boat Market Size and Forecast, By Region
9 North America Electric Boat Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Electric Boat Market Share Analysis, By Boat Type
9.3 North America Electric Boat Market Size and Forecast, By Battery Type
9.4 North America Electric Boat Market Size and Forecast, By Application
9.5 North America Electric Boat Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Electric Boat Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Electric Boat Market Share Analysis, By Boat Type
10.3 Europe Electric Boat Market Size and Forecast, By Battery Type
10.4 Europe Electric Boat Market Size and Forecast, By Application
10.5 Europe Electric Boat Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Electric Boat Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Electric Boat Market Share Analysis, By Boat Type
11.3 Asia Pacific Electric Boat Market Size and Forecast, By Battery Type
11.4 Asia Pacific Electric Boat Market Size and Forecast, By Application
11.5 Asia Pacific Electric Boat Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Electric Boat Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Electric Boat Market Share Analysis, By Boat Type
12.3 Latin America Electric Boat Market Size and Forecast, By Battery Type
12.4 Latin America Electric Boat Market Size and Forecast, By Application
12.4 Latin America Electric Boat Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Electric Boat Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Electric Boat Market Share Analysis, By Boat Type
13.3 Middle East Electric Boat Market Size and Forecast, By Battery Type
13.4 Middle East Electric Boat Market Size and Forecast, By Application
13.5 Middle East Electric Boat Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Frauscher Sensortechnik GmbH
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 NovAlt Boats
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Canadian Electric Boats, Co.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Vision Marine Technologies Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Learboats USA, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Aquawatt
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Echandia Group AB
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 ElectraCraft Power Boats
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Duffy Electric Boat Company
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 LTS Marine
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies