The global electric boat market is expected to grow from US$ 5,260.52 million in 2022; it is estimated to grow at a CAGR of 13.7% from 2022 to 2028.
Several key market players are engaged in developing technologically advanced electric boats. For instance, X Shore offers Eelex 8000, a model equipped with a 120-kWh lithium-ion battery pack and an electrical inboard motor, with a top speed of 35 knots and a range of 35 nautical miles at 20–24 knots. The Eelex 8000 is 8m long, has a conventional planning hull, and is designed for a functional boating life, with open spaces and a steering wheel with a sunroof in the middle. Further, research and developments to improve battery capacity and durability and customizations of hybrid boats to boost efficiency and operational capabilities are supporting the electric boat market growth. In addition, the rising emphasis on eco-friendly or fully electric boats to reduce greenhouse gas emissions is contributing to the market growth. For instance, in June 2021, South Korea’s first commercialized hydrogen-electric boat was launched at the 2021 Busan International Boat Show by Danfoss.
Thus, the rising investment in new products and component development will enhance the electric boat performance, which will drive the electric boat market growth.
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Electric Boat Market: Strategic Insights
Market Size Value in US$ 5,260.52 Million in 2022 Market Size Value by US$ 11,359.85 Million by 2028 Growth rate CAGR of 13.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Electric Boat Market: Strategic Insights
| Market Size Value in | US$ 5,260.52 Million in 2022 |
| Market Size Value by | US$ 11,359.85 Million by 2028 |
| Growth rate | CAGR of 13.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on North America Electric Boat Market
Boating and fishing are the major outdoor recreational activities in the US, Canada, and Mexico. The COVID-19 pandemic caused economic and social harm to people working in the fishery industry. The lockdown restrictions also affected the supply chain, with economic restrictions keeping many boats at a standstill in ports. Thus, the lockdown measures and halting of fishery business negatively impacted the electric boat market, affecting the recreational boating sector that supports 691,149 North American jobs. According to the United Nations Conference on Trade and Development (UNCTAD), fishing exports for 2020 decreased by approximately one-third compared to the previous year due to low demand during the pandemic, as of many hotels and restaurants remained closed or empty across the region. Furthermore, in the Caribbean islands, the tourism sector witnessed a substantial drop in recreational leisure activities such as boating and water sports.
With the upliftment of lockdown restrictions in North America, the boating industry is witnessing substantial growth. Most of the tourist locations were opened to the public in the second quarter of 2020, which boosted the demand for leisure boating in the US and Canada. For instance, the US recreational boating industry witnessed a significant increase in recreational boating activities, such as leisure boating and tourism. According to the National Marine Manufacturers Association (NMMA), the retail unit sales of new powerboats in the US reached a 13-year high in 2020, with ~320,000 units sold, up by 13.0% compared to 2019. This is anticipated to boost the electric boat market growth in North America.
Lucrative Regions for Electric Boat Providers
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Electric boat Market Insights
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Stringent Government Regulations for Controlling Greenhouse Gas Emissions
Electric boats are rapidly replacing fuel-powered boats due to rising environmental concerns and stringent government regulations to control greenhouse gas emissions. Conventional boats produce a large number of exhaust gases such as sulfur oxide, carbon dioxide, and nitrogen oxide. Thus, the growing pollution levels across marine lines and seaports enable government authorities to shift toward eco-friendly options such as electric boats. Electric hybrid boats help reduce pollution levels and maintain environmental sustainability goals. Thus, government regulations for eliminating greenhouse gas (GHG) emissions are propelling the demand for electric boats.
In the past few years, organizations, including the International Maritime Organization (IMO) and European Commission (EC), are taking several actions to reduce airborne emissions from the marine sector via policy initiatives. These include the implementation of Emission Control Areas (ECAs), setting sulfur content limits in marine fuels, and the international convention for preventing pollution from boats and ships. These policy initiatives have encouraged the development and adoption of various eco-friendly electric and hybrid boats. Further, the IMO is taking early steps to reduce GHG emissions. In April 2018, the United Nations (UN) agency set an aim for curbing carbon emissions from ships and boats by approximately 50% below the 2008 level by 2050.
Boat Type-based Market Insights
Based on boat type, the electric boat market is bifurcated into pure electric and hybrid. The pure electric segment is dominating the market due to strong technological development in the product offering. However, the electric boat market in the hybrid segment will witness growth in the forecast period.
Electric Boat Market, by Type, 2021 and 2028 (%)
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Battery Type-Based Electric Boat Market Insights
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Based on battery type, the electric boat market is segmented into nickel based, lead acid, and lithium-ion. Lithium-ion battery is the most prominent and advanced solution for electric boats, as it offers enhanced performance and storage capacity with limited space.
Application-Based Electric Boat Market Insights
Based on application, the electric boat segment is segmented into fishing, recreational, and others. Increasing tourism, watersport events, and inland waterways development activities are boosting the recreational segment growth.
Players operating in the electric boat market adopt strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the market. A few developments by key players are listed below:
- In February 2022, Vision Marine Technologies, a Canadian tech firm, is testing the traditional boating field with its powerful electric motor.
- In March 2021, Ruban bleu electric boats extended its range of engines developed in-house. Ruban Bleu has widened its offering through its motorization activity.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Boat Type, Battery Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Frauscher, Duffy Electric Boat Company, Rand Boats APS, Vision Marine Technologies, Quadrofoil D.O.O, Ruban Bleu, Aquawatt Mechatronik and Yachtbau, Candela, and Budsin Wood Craft are the leading companies in the electric boat market.
Increasing Installation of Superchargers at Smaller Ports.
North America dominated the electric boat Market in 2021.
Solar-electric boats have numerous benefits, including less maintenance requirement due to no oil change, impeller change, or diesel filter change; fewer vibrations; good fuel economy; avoiding local contamination; and a decrease in the boats' overall weight. Solar energy helps control the flow of electricity to rechargeable batteries such as Lithium-ion. Thus, the manufacturers growing inclination towards developing solar-electric boats is anticipated to provide new growth opportunities for market growth.
The market was US$ 5260.52Million in the 2022.
1. Stringent Government Regulations for Controlling Greenhouse Gas Emissions
2. Increasing Network for Charging Points in Marine Infrastructure for Small Boats
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electric Boat Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electric Boat Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Government Regulations for Controlling Greenhouse Gas Emissions
5.1.2 Increasing Network for Charging Points in Marine Infrastructure for Small Boats
5.2 Market Restraints
5.2.1 High Cost of Batteries and Range Limitations
5.3 Market Opportunities
5.3.1 Increasing Installation of Superchargers at Smaller Ports
5.4 Future Trends
5.4.1 Rising Inclination Toward Solar-Electric Boats
5.5 Impact Analysis of Drivers and Restraints
6. Electric Boat Market– Global Market Analysis
6.1 Electric Boat Market Global Overview
6.2 Global Electric Boat Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Electric Boat Market Revenue and Forecast to 2028 – Boat Type
7.1 Overview
7.2 Electric Boat Market, By Boat Type (2021 And 2028)
7.3 Pure Electric
7.3.1 Overview
7.3.2 Pure Electric: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
7.4 Hybrid
7.4.1 Overview
7.4.2 Hybrid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8. Electric Boat Market Revenue and Forecast to 2028 – Battery Type
8.1 Overview
8.2 Electric Boat Market, By Battery Type (2021 And 2028)
8.3 Nickel Based
8.3.1 Overview
8.3.2 Nickel Based: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.4 Lead Acid
8.4.1 Overview
8.4.2 Lead Acid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.5 Lithium-ion
8.5.1 Overview
8.5.2 Lithium-ion: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
9. Electric Boat Market – By Application
9.1 Overview
9.2 Electric Boat Market, by Application (2021 and 2028)
9.3 Fishing
9.3.1 Overview
9.3.2 Fishing: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Recreational
9.4.1 Overview
9.4.2 Recreational: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
10. Electric Boat Market– Geographic Analysis
10.1 Overview
10.2 North America: Electric Boat
10.2.1 North America: Electric Boat – Revenue, and Forecast to 2028 (US$ Million)
10.2.2 North America: Electric Boat Market, By Boat Type
10.2.3 North America: Electric Boat Market, By Battery Type
10.2.4 North America: Electric Boat Market, By Application
10.2.5 North America: Electric Boat Market, by Key Country
10.2.5.1 US: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Electric Boat Market, By Boat Type
10.2.5.1.2 US: Electric Boat Market, By Battery Type
10.2.5.1.3 US: Electric Boat Market, By Application
10.2.5.2 Canada: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Electric Boat Market, By Boat Type
10.2.5.2.2 Canada: Electric Boat Market, By Battery Type
10.2.5.2.3 Canada: Electric Boat Market, By Application
10.2.5.3 Mexico: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Electric Boat Market, By Boat Type
10.2.5.3.2 Mexico: Electric Boat Market, By Battery Type
10.2.5.3.3 Mexico: Electric Boat Market, By Application
10.3 Europe: Electric Boat
10.3.1 Europe: Electric Boat Market– Revenue, and Forecast to 2028 (US$ Million)
10.3.2 Europe: Electric Boat Market, By Boat Type
10.3.3 Europe: Electric Boat Market, By Battery Type
10.3.4 Europe: Electric Boat Market, By Application
10.3.5 Europe: Electric Boat Market, by Key Country
10.3.5.1 Germany: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Electric Boat Market, By Boat Type
10.3.5.1.2 Germany: Electric Boat Market, By Battery Type
10.3.5.1.3 Germany: Electric Boat Market, By Application
10.3.5.2 France: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Electric Boat Market, By Boat Type
10.3.5.2.2 France: Electric Boat Market, By Battery Type
10.3.5.2.3 France: Electric Boat Market, By Application
10.3.5.3 Italy: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Electric Boat Market, By Boat Type
10.3.5.3.2 Italy: Electric Boat Market, By Battery Type
10.3.5.3.3 Italy: Electric Boat Market, By Application
10.3.5.4 UK: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Electric Boat Market, By Boat Type
10.3.5.4.2 UK: Electric Boat Market, By Battery Type
10.3.5.4.3 UK: Electric Boat Market, By Application
10.3.5.5 Russia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Electric Boat Market, By Boat Type
10.3.5.5.2 Russia: Electric Boat Market, By Battery Type
10.3.5.5.3 Russia: Electric Boat Market, By Application
10.3.5.6 Rest of Europe: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Electric Boat Market, By Boat Type
10.3.5.6.2 Rest of Europe: Electric Boat Market, By Battery Type
10.3.5.6.3 Rest of Europe: Electric Boat Market, By Application
10.4 APAC: Electric Boat Market
10.4.1 Overview
10.4.2 Asia Pacific: Electric Boat Market– Revenue, and Forecast to 2028 (US$ Million)
10.4.3 Asia Pacific: Electric Boat Market, By Boat Type
10.4.4 Asia Pacific: Electric Boat Market, By Battery Type
10.4.5 Asia Pacific: Electric Boat Market, By Application
10.4.6 Asia Pacific: Electric Boat Market, by Key Country
10.4.6.1 Australia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.1.1 Australia: Electric Boat Market, By Boat Type
10.4.6.1.2 Australia: Electric Boat Market, By Battery Type
10.4.6.1.3 Australia: Electric Boat Market, By Application
10.4.6.2 China: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.2.1 China: Electric Boat Market, By Boat Type
10.4.6.2.2 China: Electric Boat Market, By Battery Type
10.4.6.2.3 China: Electric Boat Market, By Application
10.4.6.3 India: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.3.1 India: Electric Boat Market, By Boat Type
10.4.6.3.2 India: Electric Boat Market, By Battery Type
10.4.6.3.3 India: Electric Boat Market, By Application
10.4.6.4 Japan: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.4.1 Japan: Electric Boat Market, By Boat Type
10.4.6.4.2 Japan: Electric Boat Market, By Battery Type
10.4.6.4.3 Japan: Electric Boat Market, By Application
10.4.6.5 South Korea: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.5.1 South Korea: Electric Boat Market, By Boat Type
10.4.6.5.2 South Korea: Electric Boat Market, By Battery Type
10.4.6.5.3 South Korea: Electric Boat Market, By Application
10.4.6.6 Rest of APAC: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.4.6.6.1 Rest of APAC: Electric Boat Market, By Boat Type
10.4.6.6.2 Rest of APAC: Electric Boat Market, By Battery Type
10.4.6.6.3 Rest of APAC: Electric Boat Market, By Application
10.5 MEA: Electric Boat Market
10.5.1 Overview
10.5.2 MEA: Electric Boat Market– Revenue, and Forecast to 2028 (US$ Million)
10.5.3 MEA: Electric Boat Market, By Boat Type
10.5.4 MEA: Electric Boat Market, By Battery Type
10.5.5 MEA: Electric Boat Market, By Application
10.5.6 Middle East and Africa: Electric Boat Market, by Key Country
10.5.6.1 South Africa: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.1.1 South Africa: Electric Boat Market, By Boat Type
10.5.6.1.2 South Africa: Electric Boat Market, By Battery Type
10.5.6.1.3 South Africa: Electric Boat Market, By Application
10.5.6.2 Saudi Arabia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.2.1 Saudi Arabia: Electric Boat Market, By Boat Type
10.5.6.2.2 Saudi Arabia: Electric Boat Market, By Battery Type
10.5.6.2.3 Saudi Arabia: Electric Boat Market, By Application
10.5.6.3 UAE: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.3.1 UAE: Electric Boat Market, By Boat Type
10.5.6.3.2 UAE: Electric Boat Market, By Battery Type
10.5.6.3.3 UAE: Electric Boat Market, By Application
10.5.6.4 Rest of MEA: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.5.6.4.1 Rest of MEA: Electric Boat Market, By Boat Type
10.5.6.4.2 Rest of MEA: Electric Boat Market, By Battery Type
10.5.6.4.3 Rest of MEA: Electric Boat Market, By Application
10.6 SAM: Electric Boat
10.6.1 SAM: Electric Boat Market– Revenue, and Forecast to 2028 (US$ Million)
10.6.2 SAM: Electric Boat Market, By Boat Type
10.6.3 SAM: Electric Boat Market, By Battery Type
10.6.4 SAM: Electric Boat Market, By Application
10.6.5 SAM: Electric Boat Market, by Key Country
10.6.5.1 Brazil: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Electric Boat Market, By Boat Type
10.6.5.1.2 Brazil: Electric Boat Market, By Battery Type
10.6.5.1.3 Brazil: Electric Boat Market, By Application
10.6.5.2 Argentina: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Electric Boat Market, By Boat Type
10.6.5.2.2 Argentina: Electric Boat Market, By Battery Type
10.6.5.2.3 Argentina: Electric Boat Market, By Application
10.6.5.3 Rest of SAM: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Electric Boat Market, By Boat Type
10.6.5.3.2 Rest of SAM: Electric Boat Market, By Battery Type
10.6.5.3.3 Rest of SAM: Electric Boat Market, By Application
11. Impact of COVID-19 Pandemic on Electric Boat Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Frauscher BootswerftGmbH & CoKG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Duffy Electric Boat Company
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 RAND Boats
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Vision Marine Technologies Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 QUADROFOIL D.O.O
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LTS MARINE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 RUBAN BLEU
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Aquawatt Mechatronik und Yachtbau
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Budsin Wood Craft
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Candela Technology AB
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Electric Boat Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Electric Boat Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Electric Boat Market, By Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Electric Boat Market, By Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Electric Boat Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Electric Boat Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Electric Boat Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Electric Boat Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Electric Boat Market, By Boat Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Electric Boat Market, By Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Electric Boat Market, By Key Country– Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Electric Boat Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Electric Boat Market, By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: Electric Boat Market Revenue Share, By Application, (2021 AND 2028)
Table 78. SAM: Electric Boat Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 79. SAM: Electric Boat Market, By Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Brazil: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. Argentina: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Electric Boat Market, By Boat Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Electric Boat Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of SAM: Electric Boat Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 89. List of Abbreviation
LIST OF FIGURES
Figure 1. Electric Boat Market Segmentation
Figure 2. Electric Boat Market Segmentation – Geography
Figure 3. Electric Boat Market Overview
Figure 4. Electric Boat Market, By Boat Type
Figure 5. Electric Boat Market, By Battery Type
Figure 6. Electric Boat Market, By Application
Figure 7. Electric Boat Market, By Region
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Electric Boat Market Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Electric Boat Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Electric Boat Market
Figure 17. Global Electric Boat Market, Forecast and Analysis (US$ Million)
Figure 18. Market Positioning- Top Five Players
Figure 19. Electric Boat Market, By Boat Type (2021 and 2028)
Figure 20. Pure Electric: Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Hybrid: Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Electric Boat Market, By Battery Type (2021 and 2028)
Figure 23. Nickel Based: Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Lead Acid: Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Lithium-ion: Electric Boat Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Electric Boat Market Revenue Share, by Application (2021 and 2028)
Figure 27. Fishing: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Recreational: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Recreational: Electric Boat Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Global Electric Boat Market Revenue Share, By Region (2021)
Figure 32. North America: Electric Boat – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Electric Boat Revenue Share, By Boat Type (2021 and 2028)
Figure 34. North America: Electric Boat Revenue Share, By Battery Type (2021 and 2028)
Figure 35. North America: Electric Boat Market Revenue Share, By Application, (2021 AND 2028)
Figure 36. North America: Electric Boat Revenue Share, by Key Country (2021 and 2028)
Figure 37. US: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Electric Boat Market Revenue Share, By Boat Type (2021 and 2028)
Figure 42. Europe: Electric Boat Market Revenue Share, By Battery Type (2021 and 2028)
Figure 43. Europe: Electric Boat Market Revenue Share, By Application (2021 and 2028)
Figure 44. Europe: Electric Boat Market Revenue Share, by Key Country (2021 and 2028)
Figure 45. Germany: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 46. France: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 47. Italy: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 49. Russia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 50. Rest of Europe: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 51. Asia Pacific: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Electric Boat Market Revenue Share, By Boat Type (2021 and 2028)
Figure 53. Asia Pacific: Electric Boat Market Revenue Share, By Battery Type (2021 and 2028)
Figure 54. Asia Pacific: Electric Boat Market Revenue Share, By Application, (2021 AND 2028)
Figure 55. Asia Pacific: Electric Boat Market Revenue Share, By Key Country (2021 and 2028)
Figure 56. Australia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of APAC: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 63. MEA: Electric Boat Market Revenue Share, By Boat Type (2021 and 2028)
Figure 64. MEA: Electric Boat Market Revenue Share, By Battery Type (2021 and 2028)
Figure 65. MEA: Electric Boat Market Revenue Share, By Application, (2021 AND 2028)
Figure 66. Middle East and Africa: Electric Boat Market Revenue Share, By Key Country (2021 and 2028)
Figure 67. South Africa: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 68. Saudi Arabia: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 69. UAE: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 70. Rest of MEA: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 72. SAM: Electric Boat Market Revenue Share, By Boat Type (2021 and 2028)
Figure 73. SAM: Electric Boat Market Revenue Share, By Battery Type (2021 and 2028)
Figure 74. SAM: Electric Boat Market Revenue Share, by Key Country (2021 and 2028)
Figure 75. Brazil: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Electric Boat Market– Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of COVID-19 Pandemic on North American Country Markets
Figure 79. Impact of COVID-19 Pandemic on European Country Markets
Figure 80. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 81. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 82. Impact of COVID-19 Pandemic on SAM Country Markets
The List of Companies - Electric Boat Market
- Frauscher Bootswerft GmbH & Co KG
- Duffy Electric Boat Co
- Rand Boats A/S
- Vision Marine Technologies Inc.
- Quadrofoil d.o.o
- Budsin Wood Craft
- Candela Technology AB
- aquawatt
- LTS Marine
- Ruban Bleu
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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