Press release
Electric Boat Market: The global market is expected to grow at a CAGR of 9.8% during the forecasted period.
The Electric Boat Market refers to the segment of the marine industry that involves the design, manufacturing, and sale of boats powered primarily or exclusively by electric propulsion systems. These boats utilize electric motors and batteries instead of traditional internal combustion engines fueled by gasoline or diesel. Electric boats are considered a more environmentally friendly alternative, as they produce fewer emissions and contribute to the reduction of air and water pollution compared to their conventional counterparts.
The Electric Boat Market encompasses a range of watercraft, including recreational boats, yachts, ferries, and commercial vessels. The adoption of electric propulsion in the marine sector has been driven by a growing awareness of environmental concerns, advancements in battery technology, and the desire to reduce dependence on fossil fuels.
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Key Highlights:
• The global Electric Boat Market size was valued at USD 5.2 billion in 2022 growing at a CAGR of 9.8% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Electric Boat Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Electric Boat Market players holding high market shares include Twin Vee PowerCats, Ruban Bleu, Navalt and RAND Boats. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Vision Marine Technologies Inc.
• Twin Vee PowerCats
• Ruban Bleu
• Navalt
• RAND Boats
• Duffy Electric Boat Company
• GardaSolar srl
• Nautique Boat Company Inc.
• Candela Technology AB
• Pure Watercraft
Segmental Analysis
Market Segment By Battery Type
• Lithium-Ion Battery
• Lead-Acid Battery
• Nickel-Based Battery
Market Segment By Carriage Type
• Passenger
• Cargo
Market Segment By Boat Range
• Short-Range
• Medium-Range
• Long-Range
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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