Electric Boats Market Size in 2023 To 2029 | Brunswick Corporation (US), Groupe Beneteau (France), Greenline Yachts (Slovenia), Candela (Sweden), and Silent Yachts (Austria).

The precise and innovative information provided through this Electric Boats research report helps marine and boating industry stakeholders achieve their target goals. This report assists establishment groups in obtaining attentive customers, understanding boater requirements and preferences in the electric boat sector, gaining insights into their perspective on electric propulsion, identifying eco-friendly objectives, collecting feedback on specific electric boat models, and comprehending various perceptions about the existing electric boat solutions in the market.

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Prominent companies include Brunswick Corporation (US), Groupe Beneteau (France), Greenline Yachts (Slovenia), Candela (Sweden), and Silent Yachts (Austria). among others.

This Electric Boats research report tracks all of the most recent advancements and modernizations in the electric boating industry. It provides information about the challenges encountered during the adoption of electric boat technology and offers solutions to reduce future challenges and difficulties. The Electric Boats research report includes midpoint examinations of market definition, market segmentation, and a comprehensive study of electric boating perspectives. It also includes a breakdown by electric boat product type and application, as well as details on market size based on development and applications.

The research report discusses market size, growth trends, emerging opportunities for electric boats, strategic growth analysis, application niches within the electric boating sector, category-specific market growth patterns, and product launches in the electric boat industry. It also covers market dominance, geographical expansions, and technological innovations within the electric boat market. Moreover, it provides insights into the latest developments, import-export analysis related to electric boating equipment and technology, relevant regulations, production analysis, value chain optimization, market share, and localized market players in the Electric Boats domain.

Increasing electrification of maritime vessels and their systems to drive market

The Electric Boats Market size is projected to grow from USD 3.3 billion in 2023 to USD 7.7 billion by 2030, at a CAGR of 13.0% from 2023 to 2030. The market is expected to be driven by the increasing demand for advanced electrical systems in electric boats

The Recreational Boating segment is expected to have largest market share during the forecast period.

One of the primary reasons for the growth of electric boats in the recreational boating market is the increasing emphasis on environmental sustainability. Electric boats produce zero emissions during operation, which is appealing to environmentally conscious consumers who want to reduce their carbon footprint and minimize the impact on water ecosystems.

The < 5 kW range is projected to lead the market during the forecast period.

Many low-power electric boats are designed for use on calm waters, such as urban lakes, rivers, and inland waterways. These boats are well-suited for leisurely cruising, sightseeing, and recreational activities in areas where high speeds and long ranges are not necessary. Low-power electric boats tend to have shorter ranges compared to high-power boats. However, for activities like short tours, fishing trips, or simple relaxation on the water, the range of a low-power electric boat is often sufficient. Users may not require long-distance travel capabilities.

The < 20ft is projected to lead Electric Boats Market during the forecast period.

Smaller electric boats are often well-suited for urban and recreational use, such as cruising on calm lakes, rivers, and canals. They are ideal for short trips, leisurely sightseeing, and enjoying time on the water close to urban centers. Electric boats under 20 feet align with the growing emphasis on sustainable transportation options. They emit zero emissions and have a lower environmental impact compared to boats powered by fossil fuels, making them appealing to environmentally conscious consumers.

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Research Coverage:

The report segments the Electric Boats Market By End Use (Recreational Boats, Commercial Boats, Military & Law Enforcements Boats), By Boat Power (< 5kW, 5-30kW, >30kW), by Boat Size (< 20ft, 20-50ft, >50ft), By Power Source, By Hull Design and by Region- Global Forecast to 2030. The Electric Boats Market has been studied in North America, Europe, Asia Pacific, and the Rest of the World. The scope of the report covers extensive information covering market overviews, such as drivers, restraints, challenges, and opportunities, that drive the growth in the market. Analysis of key players in the industry providing business overviews, products, solutions, and services, key strategies, recent developments, and new product & service launches associated with the Electric Boats Market is also covered in the report. An extensive competitive analysis of the Key players and the up-and-coming startups in the Marine Electric Vehicle Ecosystem is also covered in the report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electric Boats Market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

This release was published on openPR.