Press release
Electric-Boat Market Regional Analysis, Market Dynamics, Forecast 2025-2032 | Echandia Group AB, RAND Boats ApS
Electric-Boat Market
The global electric boat market size was valued at $5.1 billion in 2024, and is projected to reach $16.7 billion by 2032, growing at a CAGR of 12.10% from 2024 to 2032.
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Major Players in Electric-Boat Markets are:
Echandia Group AB, RAND Boats ApS, Torqeedo GmbH, Quadrofoil d.o.o., Aquawatt Green Marine Technologies, Soel Yachts B.V., Grove Boats SA, Frauscher Bootswerft GmbH & Co KG, Domani Yachts, Corvus Energy, NavAlt Solar & Electric Boats Pvt. Ltd, Candela Technology AB, ABB LTD, Yamaha Motor Co., Ltd., ElectraCraft Power Boats, Duffy Electric Boat Company, Boote Marian GmbH, Ruban Bleu, X Shore, Greenline Yachts, Learboats USA, Inc., Vision Marine Technologies Inc., Boesch Motorboote AG
Industry News:
FEBRUARY 2024: Vision Marine Technologies is at the forefront of maritime electrification with our ground-breaking E-MotionTM Electric Marine Powertrain System, particularly in an era where innovation and sustainability are critical. We are dedicated to efficiency, dependability, and environmental stewardship, as evidenced by the development of an exclusive high-voltage marine-grade battery pack as part of our commitment to advance marine propulsion solutions.
Electric-Boat Market Trends:
The increasing use of recreational boating in the tourism sector is expected to drive market growth. The surge in demand for recreational boating in the tourism sector is one of the main drivers for the growth of the Electric Ship market. Recreational boating offers a high level of customization & personalization, as tourists can choose the type of boat, duration, and activities, tailoring the experience to their preferences and making it more memorable. Boat-sharing platforms, organized tours and rental services make it easier for individuals to experience boating without owning a boat. This convenience has opened recreational boating to many tourists who may have yet to consider it. The tourism industry progressively embraces sustainability and eco-friendly practices to meet the growing demand for environmentally responsible travel experiences. Marine Electric Vehicle align with these sustainability goals by offering a clean & quiet boating experience without contributing to air or water pollution. As a result, tourism operators are adopting Marine Electric Vehicle to provide tourists with eco-friendly recreational boating experiences.
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Global Electric-Boat Market Segmentation:
By Propulsion:
Pure Electric Boats
Hybrid Electric Boats
By Battery Type:
Lead-acid Battery
Lithium-ion Battery
Nickel-based Battery
By Range:
Less than 50 km
50 to 100 km
101 to 1,000 km
More than 1,000 km
By Power:
Below 5 KW
Between 5 KW to 30 KW
Above 30 KW
By Application:
Passenger Boats
Cargo Boats
Others
The following areas and countries are covered in the worldwide Electric-Boat Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
Europe is the most significant global electric boats market shareholder and is estimated to grow at a CAGR of 13.7% over the forecast period. Europe has the largest global electric boat market share is expected to maintain its lead throughout the forecast period. The European Government is primarily concerned with reducing fuel emissions, which impact the environment. The government is also launching initiatives to promote clean and zero-emission power sources, driving up demand for electric boats in the region.
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Key Features of the Electric-Boat Market Report: -
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Electric-Boat Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Electric-Boat Market is a valuable source of guidance for individuals and companies.
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