Global Electric Boat Market 2020-2025

September 1, 2020
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GLOBAL ELECTRIC BOAT MARKET

As emissions concerns mount on all transportation sectors, boating industry has not been left behind either and we are seeing interesting developments here.

The electrification wave is not just limited to boats but now has also engulfed PWC market. Montreal`s Taiga Motors launched two new electric jet skis starting from $15,000 in July 2020.

 

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COVID-19 has given an unprecedented boost to the overall boating industry in US and Europe and the same could accelerate electric boat adoption as more people now get used to clearer skies.

 

GLOBAL ELECTRIC BOAT MARKET DYNAMICS

Asia Pacific is comparatively smaller market for boats than EU and US but growing water activity in ASEAN region could change this medium term.

In Japan, an electric tugboat with towing capacity of 50 tons driven by a combination battery – hydrogen fuel cell system has been announced by E5Lab and Tokyo Kisen, Japan’s largest tugboat manufacturer in Oct 2019.

In New Zealand, the Port of Auckland has set the goal of being a zero emissions harbour by 2040. Netherlands based Damen Shipyards has decided to take on development of a 70-tonne all-electric tug boat for delivery in 2021.

 

BATTERY CAPACITY IN ELECTRIC BOAT MARKET

High price of Lithium ion batteries has so far not allowed car manufacturers to make a sizeable profit on battery electric vehicles. It is no different in case of electric boats.

Ingenity has developed 124 kWh battery for GS22E which can provide 2 to 3 hours of run time in typical water sports use scenario. It can be recharged using a 12kW onboard charger (10 hours), an 80kW supercharger (1.5 hours) or a DC 25kW EV charger (4 hours).

Laneva`s 26ft dayboat has twin 60kW axial flux motors supplied by 140kWh lithium polymer NMC (Nickel Cobalt Manganese) battery packs. 

 

GROWTH IN ELECTRIC FERRY MARKET

SCANDINAVIAN COUNTRIES

Sweden: Green City Ferries is about to commercialize their successful 24m prototype

Norway: It already has electric ferries and working on high speed models

Denmark: In Aug 2019, world’s largest battery powered ferry, e-Ferry Ellen, took its first journey

NORTH AMERICA

US + Canada: Some of the busiest ferry systems are adding hybrids to their fleets

ASIA

Thailand: The country has more than 200 e-ferries planned, and could possibly  become the electric ferry capital of the world

India: The Southern state of Kerala has already commissioned a solar ferry in Feb 2019 and transports ~600k passengers per annum

 

 

GLOBAL ELECTRIC BOAT MARKET SEGMENTATION

By Application

  • Ferry
  • Recreational
  • Others

 

By Boat length

  • Under 30 ft
  • 30-60ft
  • More than 60 ft

 

By Region

  • US
  • Europe
  • Asia
  • Rest of the world

 

GLOBAL ELECTRIC BOAT MARKET SIZE AND FORECAST

The global Electric boat market is estimated at $XX Billion in 2020, growing at –% CAGR till 2025.

 

 

COMPETITIVE LANDSCAPE

The electric boat market is young and agile, marked by presence of several new players.All market players are innovating and focus on Research is much higher than conventional boat manufacturers.

 

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Azura builds the Aquanima line of solar powered catamarans, ranging from a 28 foot to 45 foot with a speed of up to 12 knots and a range of 120 nautical miles in a day.

Voltaire builds the 33 Sky electric power catamaran with a flax-fibre composite hull. The motor is supplied by electric outboard specialist Torqeedo and has 2*42kWh batteries

Canada’s Templar Marine product portfolio now includes 4 models, each with multiple options and configurations to suit a variety of users.

 

COMPANY PROFILES

  1. Ingenity
  2. Yamaha
  3. Soel Yachts
  4. Azura
  5. Voltaire yachts
  6. Templar Marine 

 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Market Size and Forecast (2020-2025), Units and $M
  2. Market split by region, end use segment and battery capacity
  3. Market share of leading vendors, 2020
  4. COVID impact on Electric boat market and suppliers` earnings
  5. Electric boat market technology trends

 

 

 

 

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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