Global Electric Boat Market is Driven by Rise in the Number of Population Across the Globe

Electric Boat Market is estimated to grow at a CAGR of 11.20% for 2021 to 2028 with factors such as, increasing adoption of advanced technology along with development of batteries having longer life and reliability, increase in boat transportation and boat leasing which are creating opportunities in the market in the above mentioned forecasted period.

However, high cost of the boat along with increasing demand for fast-speed chargers to charge high horsepower motors are the major factors restraining the market growth.

Electric boat market has shown an exceptional penetration in developed economies in Europe due to rise in the demand for electric boats for recreational and passenger-ferrying purposes in this region.

Electric boat market Scenario

According to Data Bridge Market Research electric boat market is witnessing a significant growth in developed economies during the forecast period of 2021-2028 due to factors such as, rise in the awareness among the people regarding the rising levels of pollution, increasing levels of disposable income of the people, surging levels of investment for the development of improved infrastructure, rising number of government initiative toward reducing reliability over fossil fuels, consumer preference for economically effective boats. 

Now the question is which are the other regions electric boat market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific electric boat market. The Data bridge market research new reports highlight the major growth factors and opportunities in the electric boat market.

For more analysis on the electric boat market request for a briefing with our analysts.

Scope of the Electric Boat Market

Electric boat market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of electric boat market is further analyzed based on maximum granularity into further segmentation. Electric boat market on the basis of system has been segmented as energy storage system, power conversion, power generation, and power distribution system. Based on operation, the electric boat market has been segmented into manned, remotely-operated, and autonomous. On the basis of range, the electric boat market has been segmented into <50 km, 50-100 km, 101-1,000 km, and >1,000 km. Based on ship type, the electric boat market has been segmented into commercial, and defence. On the basis of power, the electric boat market has been segmented into <75 kW, 75-150 kW, 151-745 kW, 746-7,560 kW, and >7560 kW. On the basis of application, the electric boat market has been segmented into recreational boats, underwater leisure, autonomous underwater vehicles, and others. Based on type, the electric boat market has been segmented into full electric, and hybrid. On the basis of boat size, the electric boat market has been segmented into small, medium, and large. Based on battery type, the electric boat market has been segmented into lead acid, lithium ion, and nickel based batteries. On the basis of boat length, the electric boat market has been segmented into under 30 Ft, 30-60 Ft, and more than 60 Ft. Based on run time, the electric boat market has been segmented into less than 7 hours, 7 to 12 hours, and more than 12 hours. On the basis of passenger capacity, the electric boat market has been segmented into less than 10 passengers, 10 to 25 passengers, and more than 25 passengers. Electric boat has also been segmented on the basis of end use into new build and line fit, and retrofit.
  • Electric boat is a form of electric vehicle that is designed to carry off marine operations by propelling the boat through batteries rather than by fuel. The batteries used in electric boats are equivalent to those used in electric vehicles.

To know more about the study

 Key Pointers Covered in Electric boat market and Forecast to 2028

  • Market Size
  •  Market New Sales Volumes
  •  Market Replacement Sales Volumes
  •  Market By Brands
  •  Market Procedure Volumes
  •  Market Product Price Analysis
  • Market Regulatory Framework and Changes
  •  Market Shares in Different Regions
  •  Recent Developments for Market Competitors
  •  Market Upcoming Applications
  •  Market Innovators Study

Key Market Competitors Covered in the report

  • Duffy Electric Boat Company
  • RAND Boats ApS
  • Echandia
  • GardaSolar srl
  • Lillebror Marine
  • Vision Marine Technologies
  • Quadrofoil d.o.o
  • Symphony Boat Company
  • Ruban Bleu
  • Aquawatt
  • Soel Yachts B.V
  • Torqeedo GmbH
  • Grove Boats SA
  • ElectraCraft
  • Greenline Yachts

Above are the key players covered in the report, to know about more and exhaustive list of electric boat market companies, contact us.

 Research Methodology: Power Lift Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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