Electric Boat and Ship Market
Global Electric Boat and Ship Market Size, Share & Trends Analysis Report by Product Type (Fully Electric and Hybrid), By Battery Type (Lead-Acid, Lithium-ion, and Others), By Carriage Type (Passenger and Cargo), Forecast 2019-2025 Update Available - Forecast 2024-2030
The global electric boat and ship market is estimated to grow at a CAGR of over 10% during the forecast period. Nowadays, the transport sector represents one of the major sources of pollution. Air pollution and greenhouse gas emissions are of major concern which leads to global warming and impacts human health. To overcome such issues there are various alternatives such as electric vehicles that replace Internal Combustion Vehicles (ICVs); similarly, electric boats also act as an alternative to the traditional fuel-based boats, which also reduces the use of fossil fuels and noise. River transport allows connecting isolated areas and is a cost-efficient way to move passengers and freight. For instance, in 2017-2018, in Colombia, around 3.4 million tons of freight and 3.7 million passengers were mobilized through river transport. The rise in the river transports tends to drive the growth of the global electric boat and ship market during the forecast period.
However, there are certain limitations of the electric boat and ship market such as autonomy, long charging time, and battery degradation which are projected to hamper the growth of the market during the forecast period. The lack of autonomy is due to the restricted capacity of the batteries, which leads to the necessity of managing the energy consumption of the electric boats. Besides, continuous technological innovations in the electric boats, as well as batteries, are projected to provide ample opportunities to the market growth during the forecast period.
Segmental Outlook
The global electric boat and ship market is segmented on the basis of product type, battery type, and carriage type. Based on the product type, the market is sectioned into a fully electric and hybrid electric boat and ship. Based on the battery type, the market is segmented into lead-acid, lithium-ion, and others. Whereas, based on the carriage type, the market is segmented into passenger and cargo.
Global Electric Boat and Ship Market by Product Type, 2018 (%)
Hybrid Segment is Projected to Hold the Most Significant Share in the Global Electric Boat Market
Amongst the boat type, the hybrid boat type holds a significant share in the market during the forecast period. The segmental growth is accredited to the high fuel economy and low operational and maintenance costs as compared with other boat types. Some other benefits of hybrid boat type include energy storage, longer range, increased fuel efficiency, and cost-effective. Further, the implementation of several laws that controls the maritime transportation sector, which includes the manufacturing of lighter and more powerful batteries are projected to enhance the industry to manufacture such an efficient boat and hence contribute to the growth of the market during the forecast period.
Regional Outlook
The global electric boat and ship market is geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. The European region is projected to hold a significant share in the global market during the forecast period. This is attributed to the increased demands for water-based transport. Further, regulatory government bodies are also focussing on reducing emission to reduce the environmental impact, which in turn, increases the demands for electric-based transport and hence creates scope for the market to grow. Moreover, North America is also projected to hold a significant share owing to the presence of the key players in the region that significantly supports the market growth during the forecast period.
Global Electric Boat and Ship Market By Region, 2018 (%)
Market Players Outlook
The prominent players operating in the global electric boat and ship market include Canadian Electric Boat Co., Duffy Electric Boat Co., Frauscher, GardaSolar s.r.l., Soel Yachts B.V., Symphony Boat Co., and Torqeedo GmbH, among others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global electric boat and ship market. For instance, in January 2018, ElectraCraft Boats introduced the novel models for its TR Electric Boat Series. The series comprises three boat models including 152TR, 162TR, and 182TR which have the passenger capacity up to 12 adults and include a 1000 W inverter in it.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric boat and ship market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Electric Boat and Ship Market by Product Type
5.1.1. Fully Electric
5.1.2. Hybrid
5.2. Global Electric Boat and Ship Market by Battery Type
5.2.1. Lead Acid
5.2.2. Lithium-Ion
5.2.3. Others
5.3. Global Electric Boat and Ship Market by Carriage Type
5.3.1. Passenger
5.3.2. Cargo
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Canadian Electric Boat Co.
7.2. Duffy Electric Boat Co.
7.3. Echandia Marine AB
7.4. Frauscher
7.5. GardaSolar s.r.l.
7.6. General Dynamics Electric Boat
7.7. Greenline yachts
7.8. Grove Boats SA
7.9. LTS MARINE
7.10. NavAlt Solar & Electric Boats Pvt. Ltd.
7.11. Norwegian Electric Systems AS
7.12. Quadrofoil d.o.o.
7.13. RAND Boats ApS
7.14. Soel Yachts B.V.
7.15. Symphony Boat Co.
7.16. Torqeedo GmbH
1. GLOBAL ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
2. GLOBAL FULLY ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL HYBRID ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2018-2025 ($ MILLION)
5. GLOBAL LEAD ACID BATTERY ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL LITHIUM-ION BATTERY ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL OTHER BATTERY ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY CARRIAGE TYPE, 2018-2025 ($ MILLION)
9. GLOBAL BOAT AND SHIP FOR PASSENGER MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL BOAT AND SHIP FOR CARGO MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
12. NORTH AMERICAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
14. NORTH AMERICAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2018-2025 ($ MILLION)
15. NORTH AMERICAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY CARRIAGE TYPE, 2018-2025 ($ MILLION)
16. EUROPEAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. EUROPEAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
18. EUROPEAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2018-2025 ($ MILLION)
19. EUROPEAN ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY CARRIAGE TYPE, 2018-2025 ($ MILLION)
20. ASIA-PACIFIC ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY CARRIAGE TYPE, 2018-2025 ($ MILLION)
24. REST OF THE WORLD ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
25. REST OF THE WORLD ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY BATTERY TYPE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD ELECTRIC BOAT AND SHIP MARKET RESEARCH AND ANALYSIS BY CARRIAGE TYPE, 2018-2025 ($ MILLION)
1. GLOBAL ELECTRIC BOAT AND SHIP MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
2. GLOBAL ELECTRIC BOAT AND SHIP MARKET SHARE BY BATTERY TYPE, 2018 VS 2025 (%)
3. GLOBAL ELECTRIC BOAT AND SHIP MARKET SHARE BY CARRIAGE TYPE, 2018 VS 2025 (%)
4. GLOBAL ELECTRIC BOAT AND SHIP MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
7. UK ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD ELECTRIC BOAT AND SHIP MARKET SIZE, 2018-2025 ($ MILLION)
