What is the global market size of Electric-Boat Market?

Electric-Boat Market size was valued at USD 5 billion in 2021 and is poised to grow from USD 5.64 billion in 2022 to USD 16.6 billion by 2030, growing at a CAGR of 12.9% in the forecast period (2023-2030).

Electric-Boat Market Size, Share, Growth Analysis, By Propulsion type(Hybrid and pure electric and others), By Battery type(Lead-acid, Lithium-ion, and Nickel-based Batteries and others), By Carriage type(Passenger and Cargo), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Electric-Boat Market?

Competition in the global Electric-Boat market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Electric-Boat will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'Torqeedo GmbH (Germany)', 'Duffy Electric Boat Company (USA)', 'Ruban Bleu (France)', 'Triton Submarines (USA)', 'WhisperPower (Netherlands)', 'Pure Watercraft (USA)', 'Eco Marine Power (Japan)', 'Boesch Motorboote AG (Switzerland)', 'XALT Energy (USA)', 'Saft Batteries (France)', 'Ray Electric Outboards (USA)', 'Aqua-Jet (Sweden)', 'LEHR (USA)', 'Kräutler Elektromaschinen GmbH (Austria)', 'Transfluid Srl (Italy)', 'Elco Motor Yachts (USA)', 'Rheinstrom-Pumpenfabrik GmbH & Co. KG (Germany)', 'Ansaldo Energia (Italy)', 'Oceanvolt (Finland)', 'Echandia Marine AB (Sweden)'

Q: Which region accounted for the largest share in Global Electric-Boat Market?

Globally, Europe is estimated to hold the highest global Electric-Boat market share, followed by North America and Asia Pacific. In Europe, the U.K., Germany, and France are the leading revenue generator countries to the Europe market. Main factors during this growth period are the presence of top market players and government initiatives. and others.

Report ID: SQMIG20T2006 | Region: Global | Published Date: July, 2024
Pages: 242 | Tables: 86 | Figures: 76

Electric-Boat Market Dynamics

Electric-Boat Market Drivers

Environmental Friendly Features to Bolster Market Growth

It helps in reducing water pollution and prevent harm to the wildlife above and below the surface of the sea and ocean.The propulsion of electric boat is emission free, which means harmful substances such as carbon monoxide, hydrocarbons, particulate matters and nitrogen oxides are not released into atmosphere whilst engine is running.It is run off clean and green energy charge directly from the grid. Electric boat owners can choose to power their vessels from renewable electricity, making them more environmentally friendly than combustion engines.These benefits provided by electric boats to the environment will aid the growth of the market in future.

Electric-Boat Market Restraints

Lack of Infrastructure to Hinder Market

The lack of charging facility, a poor range and slow speeds are the major restraint for the growth of electric boats market.The regularly powered boards have higher speed compared to electrically powered boats.Along with an 8 porches price of electric board is still higher due to the electric tender expensiveness to buy a comparable model that runs on petrol or diesel.

Electric-Boat Market Report Snapshots

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Electric-Boat Market size was valued at USD 5 billion in 2019 and is poised to grow from USD 5.64 billion in 2023 to USD 16.6 billion by 2031, growing at a CAGR of 12.9% in the forecast period (2024-2031).

Competition in the Electric-Boat market is expected to increase during the forecast period because new players are expected to enter in the market and the number of devices compatible with Electric-Boat will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Torqeedo GmbH (Germany)', 'Duffy Electric Boat Company (USA)', 'Ruban Bleu (France)', 'Triton Submarines (USA)', 'WhisperPower (Netherlands)', 'Pure Watercraft (USA)', 'Eco Marine Power (Japan)', 'Boesch Motorboote AG (Switzerland)', 'XALT Energy (USA)', 'Saft Batteries (France)', 'Ray Electric Outboards (USA)', 'Aqua-Jet (Sweden)', 'LEHR (USA)', 'Kräutler Elektromaschinen GmbH (Austria)', 'Transfluid Srl (Italy)', 'Elco Motor Yachts (USA)', 'Rheinstrom-Pumpenfabrik GmbH & Co. KG (Germany)', 'Ansaldo Energia (Italy)', 'Oceanvolt (Finland)', 'Echandia Marine AB (Sweden)'

It helps in reducing water pollution and prevent harm to the wildlife above and below the surface of the sea and ocean.The propulsion of electric boat is emission free, which means harmful substances such as carbon monoxide, hydrocarbons, particulate matters and nitrogen oxides are not released into atmosphere whilst engine is running.It is run off clean and green energy charge directly from the grid. Electric boat owners can choose to power their vessels from renewable electricity, making them more environmentally friendly than combustion engines.These benefits provided by electric boats to the environment will aid the growth of the market in future.

Electrification of recreational boating has attracted traditional industry heavyweights such as Brunswick Corp. and Mercury Marine Corp., plus a variety of startups.The market for electric leisure craft continues to grow at an increasing rate as more boat owners make a deliberate choice between conventional internal combustion engines (ICEs) or a quiet, clean drive technology.

Globally, Europe is estimated to hold the highest Electric-Boat market share, followed by North America and Asia Pacific. In Europe, the U.K., Germany, and France are the leading revenue generator countries to the Europe market. Main factors during this growth period are the presence of top market players and government initiatives. and others.

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Electric-Boat Market Size, Share, Growth Analysis, By Propulsion type(Hybrid and pure electric and others), By Battery type(Lead-acid, Lithium-ion, and Nickel-based Batteries and others), By Carriage type(Passenger and Cargo), By Region - Industry Forecast 2024-2031

Electric-Boat Market Dynamics

Electric-Boat Market Report Snapshots

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FAQs

What is the market size of Electric-Boat Market?

Who are the key vendors in the Electric-Boat Market?

What is the key driver of Electric-Boat Market?

What is the key market trend for Electric-Boat Market?

Which region accounted for the largest share in Electric-Boat Market?

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