Press release
Marine Powerboats Battery Market Size(Volume & Value), Growth and Development Trends 2017-2025
The objectives of this study are as follows:
To define, describe, and forecast the "Marine Powerboats Battery" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Options of mobility on water bodies have increased through various means such as boats, powerboats, ships, and tankers. These transportation options have led to exploration of new areas in the vast oceans, and transportation of people and bulk quantities of goods between regions and countries. Powerboat is one such means of transportation. It is a type of marine vessel, which is powered by a diesel or gasoline engine. Powerboats generally have high power-to-weight ratio. Its hull is designed in a way that enables it to operate at higher speeds. This also allows for better handling and control of the powerboat. A powerboat is designed in a streamlined manner in order to minimize air resistance and drag while riding. Reduction in air resistance and drag automatically increases the speed of the powerboat. Powerboats are generally used for waterskiing and yachting.
Marine powerboat batteries are an essential component of any powerboat. They are primarily used for powerboat engine ignition and for powering electrical parts such as control panel, powerboat lights, and marine fuse blocks. Electrical power is required to power fuel injector and starter motor. This in turn starts up the powerboat. This electrical power is supplied by marine powerboat battery during the initial ignition phase. The kind of marine powerboat battery required depends mainly on two factors: frequency of the powerboat in which the battery is to be installed and the total number of electrical components requiring electrical power in the powerboat. Generally, boating-related activities are seasonal; hence, marine powerboat batteries are made in a way that helps them withstand long durations of inactivity. This is unlike truck and car batteries, which have to be used regularly for proper functioning.
Based on type of battery, the marine powerboat battery market can be segmented into lithium-ion batteries, AGM batteries, and lead-acid batteries. Lead-acid batteries are comparatively cheaper than lithium-ion batteries. They are generally preferred by manufacturers of non-luxury yachts for installation in yachts. However, lithium-ion batteries have longer lifespan in comparison to lead-acid batteries. They also have better power retaining capacity for longer intervals vis-à-vis their lead-acid counterparts. AGM batteries offer similar operating structure as that of lead-acid batteries; however, liquid electrolytes are not used to store power. Instead, AGM batteries use a mesh made-up of glass fiber to absorb electrolyte. Thus, these batteries are spill proof.
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Based on engine type, the marine powerboat battery market can be divided into inboard engine and outboard engines. Inboard engines are generally installed within the hull of a powerboat. This is unlike outboard engines, which are mounted outside the hull in a powerboat.
In terms on region, the marine powerboat battery market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is predicted to lead the market during the forecast period, primarily due to the increasing demand for powerboats for leisure activities in the region. The marine powerboat battery market in Europe is anticipated to follow the market in North America during the forecast period.
Key companies operating in the marine powerboat battery market include Saft, GS Yuasa International Ltd., Exide Technologies, East Penn Manufacturing Company, Johnson Controls, Leoch Battery Inc, and Trojan Battery Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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