Home / Automotive / Global Electric Boat Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Electric Boat Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Jan 2020 | Published By: Acute Market Research

The global market is worth US$ 4.49 Bn in 2018 and expected to grow at a CAGR of 11.9% during the forecast period from 2019 to 2027.

Market Insights

Advancement in battery technology and decreasing battery prices is fueling the market growth

High pollution rate of gasoline-powered combustion boat and rising fuel prices have shifted the priority of boat manufacturers to battery technology. Advancement in battery technology that offers longer run-time and higher speed is driving the demand for Electric Boat market, worldwide. In addition, noteworthy advantages offered by Electric Boat such as noiseless, smokeless, less vibration and less engine maintenance than the combustion boat helped the market to grow considerably. In 2018, the global Electric Boat market was US$ 4.49 Bn and expected to reach US$ 12.32 Bn in 2027.

In contradiction to the above-mentioned specifics, Electric Boat failed to become superior to combustion boats. Factors such as limited range or runtime of Electric Boat, longer time to charge a battery and high cost of Electric Boat compare to combustion boats expected to obstruct the market growth. Overall, the global Electric Boat market expected to grow with a CAGR of 11.9% from 2019 to 2027.

The overall Electric Boat market is fairly competitive in nature. The market players are more focused on launching new e-boats that have longer range and higher speed than currently available boats in the market.

Industrial Developments

• In November 2019, Torqeedo GmbH announced that it will launch new fast chargers for the Power 48-5000 series of lithium batteries. With this new product, the company is sure to achieve greater growth in 2020.
• In January 2018, ElectraCraft Boats launched its new TR Series Electric Boat. All three boats viz. 152TR, 162TR, and 182TR provides passenger capacity up to 12 adults and 1000 W inverter.

Key Market Movements:

• Globally, the Electric Boat market is growing at a CAGR of 11.9% for the period from 2019 to 2027.
• Based on type, Electric Boat are segmented into hybrid and pure Electric Boat. In 2018, hybrid Electric Boat captured the largest market size of approximately 70%. It is found that short-range and slow speed of pure Electric Boat compares to hybrid boats are obstructing the adoption of pure Electric Boat. However, the pure Electric Boat segment expected to improve its share during the forecast period owing to advancements in battery technology.
• On the basis of passenger capacity, Electric Boat with a capacity less than 10 passengers captured the highest share of the global Electric Boat market in 2018. Additionally, the same segment is the fastest-growing segment pertaining to high demand for small boats for recreational purposes from the rich class of the U.S., Canada, and Western European countries.

List of Companies Covered:

• General Dynamics Electric Boat

• ElectraCraft Boats

• Canadian Electric Boat Co.

• Grove Boats SA

• Duffy Electric Boat Company

• Torqeedo GmbH

• Boote Marian GmbH

• Naviwatt

• Ruban Bleu

• Alfastreet Marine

• Others

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global EB Market
2.2. Global EB Market, by Type, 2018 (US$ Bn)
2.3. Global EB Market, by Battery Type, 2018 (US$ Bn)
2.4. Global EB Market, by Runtime, 2018 (US$ Bn)
2.5. Global EB Market, by Passenger Capacity, 2018 (US$ Bn)
2.6. Global EB Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Electric Boat (EB) Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Electric Boat (EB) Market, by Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Hybrid
4.3. Pure Electric

5. Global Electric Boat (EB) Market, by Battery Type, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Lithium-ion
5.3. Lead Acid
5.4. Nickel-based

6. Global Electric Boat (EB) Market, by Runtime, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Less than 7 hours
6.3. 7 to 12 hours
6.4. More than 12 hours

7. Global Electric Boat (EB) Market, by Passenger Capacity, 2017 – 2027 (US$ Bn)
7.1. Overview
7.2. Less than 10 Passengers
7.3. 10 to 25 Passengers
7.4. More than 25 Passengers

8. North America Electric Boat (EB) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. North America EB Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. North America EB Market Value, By Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America EB Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America EB Market Value, By Runtime, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America EB Market Value, By Passenger Capacity, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America EB Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Electric Boat (EB) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Europe EB Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Europe EB Market Value, By Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe EB Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe EB Market Value, By Runtime, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe EB Market Value, By Passenger Capacity, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe EB Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Electric Boat (EB) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific EB Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Asia Pacific EB Market Value, By Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific EB Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific EB Market Value, By Runtime, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific EB Market Value, By Passenger Capacity, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific EB Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Electric Boat (EB) Market Analysis, 2017 – 2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World EB Market Value and Growth, 2017 – 2027, (US$ Bn)
11.2. Rest of the World EB Market Value, By Type, 2017 – 2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World EB Market Value, By Battery Type, 2017 – 2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World EB Market Value, By Runtime, 2017 – 2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World EB Market Value, By Passenger Capacity, 2017 – 2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World EB Market Value, By Region, 2017 – 2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. General Dynamics Electric Boat
12.2. ElectraCraft Boats
12.3. Canadian Electric Boat Co.
12.4. Grove Boats SA
12.5. Duffy Electric Boat Company
12.6. Torqeedo GmbH
12.7. Boote Marian GmbH
12.8. Naviwatt
12.9. Ruban Bleu
12.10. Alfastreet Marine

* Here we are using EB as a short form of Electric Boat

TABLE 1 Market Snapshot: Global Electric Boat (EB) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global EB Market, by Type, 2017-2027, (US$ Bn)
TABLE 5 Global EB Market, by Battery Type, 2017 – 2027, (US$ Bn)
TABLE 6 Global EB Market, by Runtime, 2017 – 2027, (US$ Bn)
TABLE 6 Global EB Market, by Passenger Capacity, 2017 – 2027, (US$ Bn)
TABLE 7 Global EB Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America EB Market, by Type, 2017-2027, (US$ Bn)
TABLE 9 North America EB Market, by Battery Type, 2017 – 2027, (US$ Bn)
TABLE 10 North America EB Market, by Runtime, 2017 – 2027, (US$ Bn)
TABLE 10 North America EB Market, by Passenger Capacity, 2017 – 2027, (US$ Bn)
TABLE 11 North America EB Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe EB Market, by Type, 2017-2027, (US$ Bn)
TABLE 13 Europe EB Market, by Battery Type, 2017 – 2027, (US$ Bn)
TABLE 14 Europe EB Market, by Runtime, 2017 – 2027, (US$ Bn)
TABLE 14 Europe EB Market, by Passenger Capacity, 2017 – 2027, (US$ Bn)
TABLE 15 Europe EB Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific EB Market, by Type, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific EB Market, by Battery Type, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific EB Market, by Runtime, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific EB Market, by Passenger Capacity, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific EB Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World EB Market, by Type, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World EB Market, by Battery Type, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World EB Market, by Runtime, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World EB Market, by Passenger Capacity, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World EB Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 General Dynamics Electric Boat: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 ElectraCraft Boats: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Canadian Electric Boat Co.: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Grove Boats SA: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Duffy Electric Boat Company: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Torqeedo GmbH: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Boote Marian GmbH: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Naviwatt: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Ruban Bleu: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 Alfastreet Marine: Company Snapshot (Business Description; Battery Type Portfolio; Financial Information; Business Overview and Recent Development)

FIG. 1 Global Electric Boat (EB) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global EB Market Segmentation
FIG. 4 Global EB Market, by Type, 2018, (US$ Bn)
FIG. 5 Global EB Market, by Battery Type, 2018, (US$ Bn)
FIG. 6 Global EB Market, by Runtime, 2018, (US$ Bn)
FIG. 6 Global EB Market, by Passenger Capacity, 2018, (US$ Bn)
FIG. 7 Global EB Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global EB Market Value, 2017 - 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key EB Manufacturers, 2018
FIG. 11 Global EB Market Value Share, by Type, 2018 & 2027 (Value %)
FIG. 12 Global EB Market Value for Hybrid, 2017 – 2027, (US$ Bn)
FIG. 13 Global EB Market Value for Pure Electric, 2017 – 2027, (US$ Bn)
FIG. 15 Global EB Market Value Share by Battery Type, 2018 & 2027 (Value %)
FIG. 16 Global EB Market Value for Lithium-ion battery, 2017 – 2027, (US$ Bn)
FIG. 17 Global EB Market Value for Lead Acid battery, 2017 – 2027, (US$ Bn)
FIG. 18 Global EB Market Value for Nickel-based battery, 2017 – 2027, (US$ Bn)
FIG. 20 Global EB Market Value Share, by Runtime, 2018 & 2027 (Value %)
FIG. 21 Global EB Market Value for Less than 7 hours Runtime, 2017 – 2027, (US$ Bn)
FIG. 22 Global EB Market Value for 7 to 12 hours Runtime, 2017 – 2027, (US$ Bn)
FIG. 23 Global EB Market Value for More than 12 hours Runtime, 2017 – 2027, (US$ Bn)
FIG. 20 Global EB Market Value Share, by Passenger Capacity, 2018 & 2027 (Value %)
FIG. 21 Global EB Market Value for Less than 10 Passengers, 2017 – 2027, (US$ Bn)
FIG. 22 Global EB Market Value for 10 to 25 Passengers, 2017 – 2027, (US$ Bn)
FIG. 23 Global EB Market Value for More than 25 Passengers, 2017 – 2027, (US$ Bn)
FIG. 24 North America EB Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe EB Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific EB Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World EB Market Value, 2017 – 2027, (US$ Bn)

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