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Electric Boats Market Shares by Segment and Company (2020-2030), Featuring Brunswick Corporation, Groupe Beneteau, Greenline Yachts, Candela Technology, Silent Yachts & More

1. Electric boats market valued at USD 3.8 billion in 2024. 2. Expected to grow to USD 7.79 billion by 2030, 12.77% CAGR. 3. Regulatory support is driving the adoption of electric boats in Europe. 4. Environmental concerns and sustainability are key market drivers. 5. Technological advancements in batteries are boosting market growth.

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FAQ

Why Bullish?

The growth projections suggest increased demand, which is positive for BC's strategic interests. Historical context: Electric vehicle uptake boosted manufacturers like Tesla significantly.

How important is it?

As electric boat markets expand, companies like BC may experience increased demand. Innovation and environmental initiatives could align BC's portfolio with market trends.

Why Long Term?

Sustained market growth expected over the next several years supports long-term investment strategies. Past examples show sectors tied to innovations can see prolonged benefits.

Related Companies

BCNYSE:THONASDAQ:BRPEuropean Electric Boat Companies
Dublin, Feb. 07, 2025 (GLOBE NEWSWIRE) -- The "Electric Boats Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.The Electric Boats Market was valued at USD 3.80 billion in 2024, and is expected to reach USD 7.79 billion by 2030, rising at a CAGR of 12.77%. The rising urbanization, improved standards of living, and increased disposable income are driving the demand for recreational boating activities. Additionally, the growth in tourism, the rising trend of boat leasing, and increasing boat transportation needs are further boosting the demand for electric boats worldwide. These factors are expected to significantly contribute to the substantial growth of the electric boat market. In accordance, the International Maritime Organization (the U.N. regulatory arm for maritime transport) has committed to slashing ships' carbon intensity by 40 percent as soon as 2030, a goal that the CLIA has likewise pledged. Stricter local regulations are also adding pressure: In Norway, greenhouse gas-emitting ships will be banned from its environmentally sensitive World Heritage fjords as of 2026, while local ports, most recently NYC, are moving to mandate that enabled cruise ships plug into shoreside power while in port. Europe & CIS dominated the global electric boats market in 2024, driven by strong regulatory support, environmental awareness, and a growing demand for sustainable recreational activities. The European Union has implemented stringent environmental regulations, encouraging the adoption of eco-friendly technologies, including electric boats. With a high level of environmental consciousness, European consumers increasingly prefer sustainable alternatives to traditional gasoline-powered boats.Countries like Germany, France, the Netherlands, and the UK have seen significant growth in electric boating due to an increasing number of electric boat manufacturers and extensive charging infrastructure. The region's strong maritime tradition, combined with the availability of water bodies for recreational use, further boosts the market's potential. Additionally, Europe's commitment to reducing carbon emissions and promoting green technologies contributes to the rise in electric boat adoption. As a result, Europe remains the leading market for electric boats, with continued innovation and investment expected to fuel further growth in the coming years. Market Drivers Environmental Concerns and Sustainability InitiativesAdvancements in Battery TechnologyGovernment Incentives and Regulations Key Market Challenges High Initial CostLimited Range and Charging Infrastructure Key Market Trends Advancements in Battery TechnologyIntegration of Smart Technologies Key Electric Boat Players Profiled Brunswick CorporationGroupe BeneteauGreenline YachtsCandela Technology ABSilent YachtsBoote Marian GmbHDuffy Electric Boat CompanyVision Marine Technologies Inc.Grove Boats SAGanz Boats GmbH Report Scope Electric Boats Market, By Boat Size: Less than 20ft20-50ftMore than 50ft Electric Boats Market, By Boat Power: Less than 5kW5-30kWMore than 30kW Electric Boats Market, By End Use: Recreational BoatsCommercial BoatsMilitary & Law Enforcements Boats Electric Boats Market, By Region: North AmericaEurope & CISAsia-PacificMiddle East & AfricaSouth America Key Attributes Report AttributeDetailsNo. of Pages185Forecast Period2024-2030Estimated Market Value (USD) in 2024$3.8 BillionForecasted Market Value (USD) by 2030$7.79 BillionCompound Annual Growth Rate12.7%Regions CoveredGlobal For more information about this report visit https://www.researchandmarkets.com/r/h6laei About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Electric Boats Market Electric Boats Market Electric Boats Market

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