Market Overview:
The global electric boats market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the electric boats market can be attributed to factors such as the increasing demand for recreational boats, underwater leisure, and autonomous underwater vehicles (AUVs). Additionally, the increasing focus on environment-friendly initiatives is also contributing to the growth of the electric boats market. The DC propulsion boats segment is expected to hold a major share of the global electricboats market duringthe forecast period. This can be attributedto their high efficiency and low operating costs as comparedto AC propulsionboats.
Product Definition:
electric boats are boats powered by electric motors. Electric motors are more efficient than gasoline engines and produce no emissions, making electric boats environmentally friendly. Electric boats are also quieter than gasoline-powered boats, which is a plus for anglers and boaters who appreciate the peace and quiet of the outdoors.
DC Propulsion Boats:
DC propulsion boats are a type of electric boat that uses direct current (DC) for power transmission. The DC propulsion system has no mechanical components that could wear out and no lubricants to wear or leak. This eliminates the need for regular maintenance, fuel changes, oiling the engine etc., making it more environmentally friendly as well as cost-effective over its counterparts.
AC Propulsion Boats:
AC propulsion boats are used in electric boats market. They have advantages over conventional DC propulsion systems such as AC system can be powered by any source, including solar and wind energy. In addition, they do not require a connection to an external power source; instead the boat is propelled through water using onboard batteries or fuel cells that generate electricity to drive the boat’s motors.
Application Insights:
The recreational boats segment is expected to be the fastest-growing application, expanding at a CAGR of XX% from 2018 to 2030 owing to the increasing number of leisure boating activities across various regions. The growth in this segment can be attributed to rising disposable income levels and changing lifestyle among people in developed economies such as U.S., Canada, Germany and France. In addition, growing preference for water sports among working-class professionals in emerging economies including China and India will drive demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of over 4% from 2018 to 2030. Increasing recreational activities coupled with the presence of major manufacturers such as Johnson Controls, Yamaha, and Mercury Marine are anticipated to drive the regional demand for electric boats over the forecast period.
Asia Pacific is projected to be one of fastest growing markets owing to increasing disposable income levels especially among middle-class population groups in countries including China and India along with rising popularity of water sports & fishing activities across these nations.
Growth Factors:
- Increasing demand for electric boats from the tourism sector as a result of rising environmental awareness among people.
- Growing popularity of electric boats among the millennials due to their preference for sustainable and eco-friendly products and services.
- Proliferation of electric boat sharing platforms that offer affordable rental options, thereby boosting the adoption rate of these vessels amongst consumers.
- Introduction of innovative technologies such as solar-powered electric boats that can run on renewable energy sources, thus reducing carbon emissions significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Boats Market Research Report
By Type
DC Propulsion Boats, AC Propulsion Boats
By Application
Recreational Boats, Underwater Leisure, Autonomous Underwater Vehicles
By Companies
BOESCH MOTORBOOTE, Akasol, Echo Voyagers, Hyundai, JAMSTEC URASHIMA, Leclanche, Liquid Robotics, M.V. Klitsa, XALT Energy, Duffy Electric Boat, Andaman Boatyard, Triton Submarines, Ruban Bleu, Torqeedo, Tamarack Lake Electric Boat, Autonomous Undersea Vehicle Applications Center, Boote Marian
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electric Boats Market Report Segments:
The global Electric Boats market is segmented on the basis of:
Types
DC Propulsion Boats, AC Propulsion Boats
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
Recreational Boats, Underwater Leisure, Autonomous Underwater Vehicles
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:
- BOESCH MOTORBOOTE
- Akasol
- Echo Voyagers
- Hyundai
- JAMSTEC URASHIMA
- Leclanche
- Liquid Robotics
- M.V. Klitsa
- XALT Energy
- Duffy Electric Boat
- Andaman Boatyard
- Triton Submarines
- Ruban Bleu
- Torqeedo
- Tamarack Lake Electric Boat
- Autonomous Undersea Vehicle Applications Center
- Boote Marian
Highlights of The Electric Boats 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:
- DC Propulsion Boats
- AC Propulsion Boats
- By Application:
- Recreational Boats
- Underwater Leisure
- Autonomous Underwater Vehicles
- 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 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 are powered by electricity. They can travel at a much faster speed than traditional boats, and they are also much quieter.
Some of the major companies in the electric boats market are BOESCH MOTORBOOTE, Akasol, Echo Voyagers, Hyundai, JAMSTEC URASHIMA, Leclanche, Liquid Robotics, M.V. Klitsa, XALT Energy, Duffy Electric Boat, Andaman Boatyard, Triton Submarines, Ruban Bleu, Torqeedo, Tamarack Lake Electric Boat, Autonomous Undersea Vehicle Applications Center, Boote Marian.
The electric boats market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Boats 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 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 Market - Supply Chain
4.5. Global Electric Boats Market Forecast
4.5.1. Electric Boats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Boats Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Boats Market Absolute $ Opportunity
5. Global Electric Boats 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 Market Size and Volume Forecast by Type
5.3.1. DC Propulsion Boats
5.3.2. AC Propulsion Boats
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Boats 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 Market Size and Volume Forecast by Application
6.3.1. Recreational Boats
6.3.2. Underwater Leisure
6.3.3. Autonomous Underwater Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Boats 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Electric Boats 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 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 Market Size and Volume Forecast by Application
9.4.1. Recreational Boats
9.4.2. Underwater Leisure
9.4.3. Autonomous Underwater Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Boats Market Size and Volume Forecast by Type
9.7.1. DC Propulsion Boats
9.7.2. AC Propulsion Boats
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 Demand Share Forecast, 2019-2026
10. Latin America Electric Boats 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 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 Market Size and Volume Forecast by Application
10.4.1. Recreational Boats
10.4.2. Underwater Leisure
10.4.3. Autonomous Underwater Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Boats Market Size and Volume Forecast by Type
10.7.1. DC Propulsion Boats
10.7.2. AC Propulsion Boats
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 Demand Share Forecast, 2019-2026
11. Europe Electric Boats 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 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 Market Size and Volume Forecast by Application
11.4.1. Recreational Boats
11.4.2. Underwater Leisure
11.4.3. Autonomous Underwater Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Boats Market Size and Volume Forecast by Type
11.7.1. DC Propulsion Boats
11.7.2. AC Propulsion Boats
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analsis
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 Demand Share, 2019-2026
12. Asia Pacific Electric Boats 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 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 Market Size and Volume Forecast by Application
12.4.1. Recreational Boats
12.4.2. Underwater Leisure
12.4.3. Autonomous Underwater Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Boats Market Size and Volume Forecast by Type
12.7.1. DC Propulsion Boats
12.7.2. AC Propulsion Boats
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 Demand Share, 2019-2026
13. Middle East & Africa Electric Boats 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 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 Market Size and Volume Forecast by Application
13.4.1. Recreational Boats
13.4.2. Underwater Leisure
13.4.3. Autonomous Underwater Vehicles
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 Market Size and Volume Forecast by Type
13.7.1. DC Propulsion Boats
13.7.2. AC Propulsion Boats
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Boats Market: Market Share Analysis
14.2. Electric Boats Distributors and Customers
14.3. Electric Boats Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BOESCH MOTORBOOTE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Akasol
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Echo Voyagers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hyundai
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JAMSTEC URASHIMA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Leclanche
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Liquid Robotics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. M.V. Klitsa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. XALT Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Duffy Electric Boat
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Andaman Boatyard
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Triton Submarines
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ruban Bleu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Torqeedo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tamarack Lake Electric Boat
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Autonomous Undersea Vehicle Applications Center
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Boote Marian
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
