The Europe Electric Boat Market segmentation detailed study with forecast to 2030

The Europe Electric Boat Market is expected to grow from US$ 2,090.69 million in 2022 to US$ 4,404.83 million by 2028. It is estimated to grow at a CAGR of 13.2% from 2022 to 2028.
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.

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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. 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 which in turn boosts the Europe electric boat market.

MARKET INTRODUCTION

The Europe electric boat market is sub segmented into Germany, France, the UK, Russia, Italy, and the Rest of Europe. The Rest of Europe includes Switzerland, Spain, Norway, Belgium, Denmark, and the Netherlands. A surge in leisure boat activities with increased per capita income and other similar demographic trends is supporting the market growth in Europe. Water sports events have gained huge popularity in the region, as the most of European countries have large coastal areas. Moreover, the people in these countries engage in recreational activities such as boating, marine line sightseeing, and fishing. These factors trigger the demand for electric boats in Europe. The boats and ships businesses in Norway, France, and the UK are growing notably. In Norway, Arenda city has a prominent electric leisure boat manufacturing base. The municipality of Arenda is working with various stakeholders to develop charging points along the coast. In recent years, the International Maritime Organization (IMO) and European Commission (EC) have taken actions to reduce airborne emissions from the shipping industry. These policy initiatives include the implementation of Emission Control Areas (ECAs) for setting permissible limits for the sulfur content of marine fuels.
List of Companies Profiled in the Europe Electric Boat Market Report are:
• Aquawatt Mechatronik
• Budsin Wood Craft
• Candela Technology AB
• Duffy Electric Boat Company
• Frauscher Bootswerft GmbH
• Quadrofoil D.O.O

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Key Segmentation:

The Europe electric boat market is segmented into boat type, battery type, application, and country. Based on boat type, the market is segmented into pure electric and hybrid segment. The pure electric segment registered a larger market share in 2022.
• Based on type, the Europe electric boat market is segmented into nickel based, lead acid, and lithium-ion. The lithium-ion segment registered the largest market share in 2022.
• Based on application, the Europe electric boat market is segmented into fishing, recreational, and others. The recreational segment registered the largest market share in 2022.
• Based on country, the Europe electric boat market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022.
Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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