Market Overview:
The global yacht battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury yachts and rise in disposable income of consumers. Additionally, the increase in awareness about environment-friendly options is also propelling the growth of this market. The global yacht battery market can be segmented on the basis of type into lithium-ion batteries and lead-acid batteries. Lithium-ion batteries are expected to witness higher growth as compared to lead acid batteries during the forecast period owing to their high efficiency and longer life span as compared to lead acid batteries. On the basis of application, private yachts are expected to account for a larger share than commercial yachts during the forecast period owingto rising demand for luxury yachts across regions.
Product Definition:
A yacht battery is a type of lead-acid battery that is specifically designed for use in boats and yachts. They are commonly used to provide power for the boat's electrical systems, including the engine, lights, and radio. They are also used to recharge the boat's main battery bank. Yacht batteries are typically either gel or AGM (Absorbed Glass Mat) batteries.
Lithium-Ion Batteries:
Lithium-ion batteries are the most common type of rechargeable battery used in portable devices such as mobile phones, digital cameras, and laptops. They are also used in electric vehicles (EV), power tools, and other applications where high power is required. The key properties of lithium-ion batteries that make them suitable for use in applications including EV include lightweight and high energy density. These factors help reduce carbon emissions during their usage which is a major concern across the globe today.
Lead-Acid Batteries:
Lead-acid batteries are the most commonly used type of battery in the world. They are economical, have a high energy density and can be recycled. Lead-acid batteries find application in portable devices such as watches, clocks radios, calculators and flashlights which is expected to drive market growth over the forecast period.
The global lead-acid battery market size was valued at USD 32 billion in 2014.
Application Insights:
The commercial yacht application segment accounted for the largest revenue share of over 60% in 2017. The segment is driven by the rising demand from tourism industry. Increasing number of luxury hotels and resorts are focusing on providing electric powered vessels to provide an experience like never before. For instance, in 2019, Hyatt Hotels Corporation announced about building a floating hotel called Hyatt Regency Singapore at Marina Bay Sands with an underwater observation deck that will offer panoramic views of Singapore city skyline and surroundings.
The private yacht segment is expected to witness significant growth over the forecast period owing to increasing disposable income among high-net-worth individuals (HNWI). HNWI¢â‚¬â„¢s preference for large recreational spaces has resulted in increased demand for batteries across various applications such as golf cars, personal watercraft, snowmobiles and all-terrain vehicles (ATVs).
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the industry on account of increasing demand from countries, such as U.K., Germany, and Italy among others. In addition, rising disposable income coupled with high popularity of water sports in Europe is anticipated to fuel growth over the forecast period.
The North American market was valued at USD X million in 2017 owing to presence of prominent players operating within region along with high product demand from U.S., which has higher penetration rate compared lithium-ion batteries across all segments including cars, trucks, buses etc.).
Growth Factors:
- Increasing demand for luxury yachts
- Rising disposable income of the affluent class
- Proliferation of electric and hybrid yachts
- Stringent regulations on emissions and fuel consumption from marine vessels
- Growing popularity of eco-tourism
Scope Of The Report
Report Attributes
Report Details
Report Title
Yacht Battery Market Research Report
By Type
Lithium-Ion Batteries, Lead-Acid Batteries
By Application
Private Yacht, Commercial Yacht
By Companies
Saft, Exide Technologies, GS Yuasa, Saft
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Yacht Battery Market Report Segments:
The global Yacht Battery market is segmented on the basis of:
Types
Lithium-Ion Batteries, Lead-Acid 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
Private Yacht, Commercial Yacht
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:
- Saft
- Exide Technologies
- GS Yuasa
- Saft
Highlights of The Yacht Battery 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:
- Lithium-Ion Batteries
- Lead-Acid Batteries
- By Application:
- Private Yacht
- Commercial Yacht
- 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 Yacht Battery 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?
A yacht battery is a type of lead-acid battery used on yachts and other vessels. It is typically larger than a car battery, has more cells, and can provide more power.
Some of the key players operating in the yacht battery market are Saft, Exide Technologies, GS Yuasa, Saft.
The yacht battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Yacht Battery 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 Yacht Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yacht Battery 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 Yacht Battery 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 Yacht Battery Market Size & Forecast, 2020-2028
4.5.1 Yacht Battery Market Size and Y-o-Y Growth
4.5.2 Yacht Battery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Lithium-Ion Batteries
5.2.2 Lead-Acid Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Private Yacht
6.2.2 Commercial Yacht
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yacht Battery 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 Yacht Battery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Lithium-Ion Batteries
9.6.2 Lead-Acid 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 Market Size Forecast by Applications
9.10.1 Private Yacht
9.10.2 Commercial Yacht
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Lithium-Ion Batteries
10.6.2 Lead-Acid 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 Market Size Forecast by Applications
10.10.1 Private Yacht
10.10.2 Commercial Yacht
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Lithium-Ion Batteries
11.6.2 Lead-Acid 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 Market Size Forecast by Applications
11.10.1 Private Yacht
11.10.2 Commercial Yacht
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Lithium-Ion Batteries
12.6.2 Lead-Acid 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 Market Size Forecast by Applications
12.10.1 Private Yacht
12.10.2 Commercial Yacht
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Lithium-Ion Batteries
13.6.2 Lead-Acid 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) Market Size Forecast by Applications
13.10.1 Private Yacht
13.10.2 Commercial Yacht
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 Yacht Battery Market: Competitive Dashboard
14.2 Global Yacht Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saft
14.3.2 Exide Technologies
14.3.3 GS Yuasa
14.3.4 Saft
