Market Overview:
The global electric boats and ships market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric boats and ships for various applications such as ocean cruise, luxury cruise, adventure cruise, and other applications. Additionally, the increasing focus on reducing greenhouse gas emissions is also propelling the growth of the global electric boats and ships market. The hybrid segment is expected to hold a major share of the global electric boats and ships market during the forecast period owing to its high efficiency as compared to pure electric vessels.
Product Definition:
Electric boats and ships are watercraft powered by electricity from batteries or fuel cells. Electric boats are used for many purposes, including fishing, transporting goods, and as pleasure craft. Electric boats offer many advantages over gasoline-powered boats, including lower emissions and less noise.
Hybrid:
Hybrid Electric Boats and ships are those that have both conventional (non-renewable) fuel propulsion systems as well as electrical propulsion systems. In other words, these vessels possess the ability to travel both on diesel electric power alone as well as with the help of battery power.
Pure Electric:
Pure electric is a propulsion system which does not use any form of energy other than electrical. It is the simplest type of motorized boat and can be operated with batteries as well as without them. The most common usage of this propulsion system is in electric boats which are also called battery-powered boats or plug-in-hybrid boats. In these, the engine runs only when needed, i.e.
Application Insights:
The other application segment includes personal watercraft, coastal cruising and river cruise. The ocean cruise segment dominated the global electric boats and ships market in 2017 owing to the growing trend of luxury cruises on board private megayachts. Electric boats provide comfort and convenience as they have state-of-the-art electronics that enable navigation with ease. They are also equipped with advanced safety systems such as security cameras, fire detection/extinguishing systems, emergency generators among others which enhance passenger safety during trips.
The adventure cruise segment is expected to grow at a significant rate over the forecast period due to increasing leisure activities among individuals across various regions of the world including North America, Europe and Asia Pacific regions.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing popularity of water adventures and fishing activities. Furthermore, growing number of marine tourism destinations in U.S., such as Florida Keys, New York Harbor, San Francisco Bay Area, Los Angeles harbor and Miami Beach is anticipated to drive the regional market growth over the forecast period.
Asia Pacific electric boats and ships industry has huge potential for new investors due to rapid development taking place across major economies including China & India as well as other Southeast Asian countries such as Indonesia & Thailand among others are adopting modern transportation systems including railways.
Growth Factors:
- Increasing demand for electric boats and ships from the commercial sector as a result of environmental regulations and the need to reduce emissions.
- The increasing popularity of electric boats and ships among consumers due to their low operating costs, quiet operation, and lack of exhaust fumes.
- Development of new technologies that improve the performance, range, and charging time of electric boats and ships.
- Growing investment in the electric boat and ship market by major players in the automotive industry as they seek to expand into new markets segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Boats and Ships Market Research Report
By Type
Hybrid, Pure Electric
By Application
Ocean Cruise, Luxury Cruise, Adventure Cruise, Other
By Companies
Akasol, Ruban Bleu, ElectraCraft Boats, Greenline yachts, General Dynamics, SeaZen, Naviwatt, Hinckley Yachts, Guangzhou Shipyard International, Hangzhou Modern Ship Design and Research
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Electric Boats and Ships Market Report Segments:
The global Electric Boats and Ships market is segmented on the basis of:
Types
Hybrid, Pure Electric
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ocean Cruise, Luxury Cruise, Adventure Cruise, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akasol
- Ruban Bleu
- ElectraCraft Boats
- Greenline yachts
- General Dynamics
- SeaZen
- Naviwatt
- Hinckley Yachts
- Guangzhou Shipyard International
- Hangzhou Modern Ship Design and Research
Highlights of The Electric Boats and Ships Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid
- Pure Electric
- By Application:
- Ocean Cruise
- Luxury Cruise
- Adventure Cruise
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Boats and Ships Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric boats and ships are powered by electricity. They use electric motors to move through water.
Some of the major players in the electric boats and ships market are Akasol, Ruban Bleu, ElectraCraft Boats, Greenline yachts, General Dynamics, SeaZen, Naviwatt, Hinckley Yachts, Guangzhou Shipyard International, Hangzhou Modern Ship Design and Research.
The electric boats and ships market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Boats and Ships Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Boats and Ships Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Boats and Ships Market - Supply Chain
4.5. Global Electric Boats and Ships Market Forecast
4.5.1. Electric Boats and Ships Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Boats and Ships Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Boats and Ships Market Absolute $ Opportunity
5. Global Electric Boats and Ships Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Boats and Ships Market Size and Volume Forecast by Type
5.3.1. Hybrid
5.3.2. Pure Electric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Boats and Ships Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Boats and Ships Market Size and Volume Forecast by Application
6.3.1. Ocean Cruise
6.3.2. Luxury Cruise
6.3.3. Adventure Cruise
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Boats and Ships Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Boats and Ships Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Boats and Ships Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Boats and Ships Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Boats and Ships Demand Share Forecast, 2019-2026
9. North America Electric Boats and Ships Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Boats and Ships Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Boats and Ships Market Size and Volume Forecast by Application
9.4.1. Ocean Cruise
9.4.2. Luxury Cruise
9.4.3. Adventure Cruise
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Boats and Ships Market Size and Volume Forecast by Type
9.7.1. Hybrid
9.7.2. Pure Electric
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Boats and Ships Demand Share Forecast, 2019-2026
10. Latin America Electric Boats and Ships Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Boats and Ships Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Boats and Ships Market Size and Volume Forecast by Application
10.4.1. Ocean Cruise
10.4.2. Luxury Cruise
10.4.3. Adventure Cruise
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Boats and Ships Market Size and Volume Forecast by Type
10.7.1. Hybrid
10.7.2. Pure Electric
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Boats and Ships Demand Share Forecast, 2019-2026
11. Europe Electric Boats and Ships Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Boats and Ships Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Boats and Ships Market Size and Volume Forecast by Application
11.4.1. Ocean Cruise
11.4.2. Luxury Cruise
11.4.3. Adventure Cruise
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Boats and Ships Market Size and Volume Forecast by Type
11.7.1. Hybrid
11.7.2. Pure Electric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projecions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Boats and Ships Demand Share, 2019-2026
12. Asia Pacific Electric Boats and Ships Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Boats and Ships Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Boats and Ships Market Size and Volume Forecast by Application
12.4.1. Ocean Cruise
12.4.2. Luxury Cruise
12.4.3. Adventure Cruise
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Boats and Ships Market Size and Volume Forecast by Type
12.7.1. Hybrid
12.7.2. Pure Electric
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Boats and Ships Demand Share, 2019-2026
13. Middle East & Africa Electric Boats and Ships Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Boats and Ships Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Boats and Ships Market Size and Volume Forecast by Application
13.4.1. Ocean Cruise
13.4.2. Luxury Cruise
13.4.3. Adventure Cruise
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Boats and Ships Market Size and Volume Forecast by Type
13.7.1. Hybrid
13.7.2. Pure Electric
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Boats and Ships Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Boats and Ships Market: Market Share Analysis
14.2. Electric Boats and Ships Distributors and Customers
14.3. Electric Boats and Ships Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akasol
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ruban Bleu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ElectraCraft Boats
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Greenline yachts
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Dynamics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SeaZen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Naviwatt
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hinckley Yachts
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Guangzhou Shipyard International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hangzhou Modern Ship Design and Research
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
