Market Overview:
The global boat batteries market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric boats and rising awareness about the benefits of using boat batteries. Based on type, the global boat batteries market is segmented into cranking or starting boat batteries, deep-cycle boat batteries, and dual purpose boat batteries. Cranking or starting battery segments are further classified into lead acid battery and lithium ion battery types. Lead acid battery type dominates the cranking or starting battery segment due to its low cost and high durability as compared to other types of rechargeable batteries available in the market. However, lithium ion based cranking or starting boats are gaining popularity due to their high power density as well as long life cycle when compared with lead acid counterparts. Based on application, large boats account for a majority share in terms of revenue generated in the global Boat Batteries Market followed by small & medium sized boats applications respectively . This can be attributed primarily owing rise in recreational boating activities across developed economies such as North America and Europe over past few years which has led increase demand for larger size vessels that require more powerful marine propulsion systems along with auxiliary equipment such lighting systems , refrigeration units etc that demands reliable energy storage solutions . Regionally , North America accounts for largest Boat Batteries Market share followed by Europe .
Product Definition:
A boat battery is a type of lead-acid battery specifically designed for use in boats. They are often used to power the boat's electrical systems, such as its lights, bilge pump and radio.
Cranking or Starting Boat Batteries:
Cranking or starting boat batteries are used in marine applications where the normal power source for the engine is not available. It is also known as emergency power, which can be utilized in case of a breakdown of some systems on board. These batteries are installed in cases where there is no electrical connection to start an engine with the conventional means like a pull cord or pole start.
These batteries find their usage mostly while docking and undocking, when operating at anchorages.
Deep-Cycle Boat Batteries:
Deep-Cycle boat batteries are used in applications where high power is required for a short duration. They offer higher energy density as compared to conventional batteries and have a lower self-discharge rate. These characteristics make them suitable for use in applications such as marine, forklift, golf cart, UPS (Uninterruptible Power Supply), emergency lighting systems and telecommunication equipment among others.
Application Insights:
Large boats accounted for the largest share of more than 60.0% in 2017. The large-sized batteries are preferred by recreational and commercial fishermen as they offer longer duration of power due to high power output. Furthermore, increasing penetration of electric trolling motors has been driving the demand for large-sized battery packs in order to provide long range and enhanced performance capability over conventional gas engine powered fishing boats.
The small & medium sized boat segment is expected to witness significant growth with a CAGR exceeding 7% from 2018 to 2030 owing to growing demand from leisure boaters across the globe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in demand for marine batteries due to rising disposable income of consumers, increasing penetration of electric vehicles, and growing popularity of water sports & fishing activities.
China is a major manufacturing hub for boat batteries across the globe owing to availability of raw materials such as lead acid battery components at low cost along with advanced manufacturing facilities including those involved in production of lithium-ion battery cells. China also exports large quantities boat batteries manufactured by domestic companies which have a strong distribution network across Europe and North America thus contributing significantly towards regional revenue generation.
Growth Factors:
- Increasing demand for electric and hybrid boats
- Growing popularity of boat battery chargers and inverters
- Rising awareness about the benefits of using boat batteries
- Proliferation of online retailing platforms for selling boat batteries
- Government initiatives to promote the use of electric and hybrid boats
Scope Of The Report
Report Attributes
Report Details
Report Title
Boat Batteries Market Research Report
By Type
Cranking or Starting Boat Batteries, Deep-Cycle Boat Batteries, Dual Purpose Boat Batteries
By Application
Large Boat, Small and Medium Boat
By Companies
Century Yuasa Batteries, Lifeline Batteries, Interstate Batteries, Trojan Battery Company, EXIDE INDUSTRIES, Chrome Battery, MIGHTY MAX BATTERY, Universal Power Group, EnerSys, Century Yuasa Batteries
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Boat Batteries Market Report Segments:
The global Boat Batteries market is segmented on the basis of:
Types
Cranking or Starting Boat Batteries, Deep-Cycle Boat Batteries, Dual Purpose Boat Batteries
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
Large Boat, Small and Medium Boat
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:
- Century Yuasa Batteries
- Lifeline Batteries
- Interstate Batteries
- Trojan Battery Company
- EXIDE INDUSTRIES
- Chrome Battery
- MIGHTY MAX BATTERY
- Universal Power Group
- EnerSys
- Century Yuasa Batteries
Highlights of The Boat Batteries 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:
- Cranking or Starting Boat Batteries
- Deep-Cycle Boat Batteries
- Dual Purpose Boat Batteries
- By Application:
- Large Boat
- Small and Medium Boat
- 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 Boat Batteries 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
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- Consumer Insights
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- Product & Brand Management
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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?
Boat batteries are a type of battery used in marine applications. They are typically smaller and lighter than automotive batteries, and they have a longer life expectancy.
Some of the key players operating in the boat batteries market are Century Yuasa Batteries, Lifeline Batteries, Interstate Batteries, Trojan Battery Company, EXIDE INDUSTRIES, Chrome Battery, MIGHTY MAX BATTERY, Universal Power Group, EnerSys, Century Yuasa Batteries.
The boat batteries market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boat Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boat Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boat Batteries Market Size & Forecast, 2018-2028
4.5.1 Boat Batteries Market Size and Y-o-Y Growth
4.5.2 Boat Batteries Market Absolute $ Opportunity
Chapter 5 Global Boat Batteries Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Boat Batteries Market Size Forecast by Type
5.2.1 Cranking or Starting Boat Batteries
5.2.2 Deep-Cycle Boat Batteries
5.2.3 Dual Purpose Boat Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boat Batteries Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Boat Batteries Market Size Forecast by Applications
6.2.1 Large Boat
6.2.2 Small and Medium Boat
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boat Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Boat Batteries Analysis and Forecast
9.1 Introduction
9.2 North America Boat Batteries Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Boat Batteries Market Size Forecast by Type
9.6.1 Cranking or Starting Boat Batteries
9.6.2 Deep-Cycle Boat Batteries
9.6.3 Dual Purpose Boat Batteries
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Boat Batteries Market Size Forecast by Applications
9.10.1 Large Boat
9.10.2 Small and Medium Boat
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Boat Batteries Analysis and Forecast
10.1 Introduction
10.2 Europe Boat Batteries Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Boat Batteries Market Size Forecast by Type
10.6.1 Cranking or Starting Boat Batteries
10.6.2 Deep-Cycle Boat Batteries
10.6.3 Dual Purpose Boat Batteries
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Boat Batteries Market Size Forecast by Applications
10.10.1 Large Boat
10.10.2 Small and Medium Boat
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Boat Batteries Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boat Batteries Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Boat Batteries Market Size Forecast by Type
11.6.1 Cranking or Starting Boat Batteries
11.6.2 Deep-Cycle Boat Batteries
11.6.3 Dual Purpose Boat Batteries
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Boat Batteries Market Size Forecast by Applications
11.10.1 Large Boat
11.10.2 Small and Medium Boat
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Boat Batteries Analysis and Forecast
12.1 Introduction
12.2 Latin America Boat Batteries Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Boat Batteries Market Size Forecast by Type
12.6.1 Cranking or Starting Boat Batteries
12.6.2 Deep-Cycle Boat Batteries
12.6.3 Dual Purpose Boat Batteries
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Boat Batteries Market Size Forecast by Applications
12.10.1 Large Boat
12.10.2 Small and Medium Boat
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Boat Batteries Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boat Batteries Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Boat Batteries Market Size Forecast by Type
13.6.1 Cranking or Starting Boat Batteries
13.6.2 Deep-Cycle Boat Batteries
13.6.3 Dual Purpose Boat Batteries
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Boat Batteries Market Size Forecast by Applications
13.10.1 Large Boat
13.10.2 Small and Medium Boat
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boat Batteries Market: Competitive Dashboard
14.2 Global Boat Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Century Yuasa Batteries
14.3.2 Lifeline Batteries
14.3.3 Interstate Batteries
14.3.4 Trojan Battery Company
14.3.5 EXIDE INDUSTRIES
14.3.6 Chrome Battery
14.3.7 MIGHTY MAX BATTERY
14.3.8 Universal Power Group
14.3.9 EnerSys
14.3.10 Century Yuasa Batteries
