Allied Market
Allied Market
The report offers a detailed analysis of the market and categorizes it into key segments based on propulsion, battery type, range, power, and application.
WILMINGTON, DE, UNITED STATES, February 18, 2025 /EINPresswire.com/ -- Allied Market Research recently published a report on the electric boat market, which highlights that the industry was valued at $5.0 billion in 2021. Furthermore, the study adds that the sector is anticipated to gather a revenue of $16.6 billion by 2031, growing at a CAGR of 12.9% from 2022 to 2031.Report segmentation provides a comprehensive view of the industry's structure, highlighting variations in product characteristics, usage patterns, and demand trends across different sectors. By examining each segment, businesses can gain valuable insights into market dynamics, identify emerging opportunities, and develop data-driven strategies for long-term growth and competitive advantage.
A Detailed Overview of the Market Dynamics
The AMR report on the electric boat industry sheds light on the various growth drivers, deterrent factors, and investment opportunities influencing the sector to aid companies in improving their revenue share. As per the study, the primary reasons behind the growth of the industry are the increase in adoption of green technology and the implementation of stringent emission regulations. Electric boats run on clean energy and do not emit any harmful pollutants. Moreover, rise in seaborne trade and surge in demand for marine tourism significantly expand the scope of the market significantly.
However, higher initial cost of electric boats as compared to traditional fuel-powered boats and insufficient charging infrastructure are predicted to restrict the market growth to some extent. Conversely, growing awareness of the environmental impact of traditional fossil fuel-powered boats has led to increased demand for eco-friendly alternatives, which is expected to open new avenues for industry growth during the forecast period.
Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A08766
Industry Updates
Axopar, a global leader in adventure boating, introduced AX/E 22 and AX/E 25 at the Cannes Yachting Festival 2024 in partnership with EVOY, the world's leading company in high-output electric propulsion systems. The AX/E 22 is integrated with a motor that delivers 120+ horsepower, a top speed of 36 knots and a range of +50 nautical miles at slow speeds, whereas the AX/E 25 with a 300+ horsepower motor reaches +50 knots and a range of up to 60 nautical miles at slow speeds. These motors are powered by advanced electric propulsion systems developed by EVOY. Thus, collectively Axopar and EVOY are leading in terms of both innovation and sustainability.
Vision Marine Technologies Inc. and Smoker Craft Inc., two industry leaders, have collaborated to introduce pontoon boats with high-end electric propulsion system. This pontoon is integrated with a powerful 180 HP electric propulsion system of Vision Marine, known as the P-Powerpack. This partnership seeks to establish a new benchmark in the performance and features of electric pontoons.
Buy this Complete Report (377 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/electric-boat-market/purchase-options
Competitive Scenario in the Electric Boat Market
The AMR study highlights the competitive scenario in the electric boat industry with the help of analytical tools such as Porter’s five forces to help new entrants gain insights into the workings of the multinational giants in the sector. For this purpose, the report also features profiles of the major companies in the industry, including:
• Vision Marine Technologies Inc.
• Soel Yachts B.V.
• Duffy Electric Boat Company
• RAND Boats ApS
• ElectraCraft Power Boats
• Greenline Yachts
• Ruban Bleu
• NavAlt Solar & Electric Boats Pvt. Ltd.
• Echandia Group AB
• Learboats USA, Inc.
• Candela Technology AB
• Domani Yachts
• Quadrofoil d.o.o.
• Grove Boats SA
• Torqeedo GmbH
• Boesch Motorboote AG
• X Shore
• Corvus Energy
• Yamaha Motor Co., Ltd.
• Boote Marian GmbH
• Aquawatt Green Marine Technologies
• Frauscher Bootswerft GmbH & Co KG
• ABB LTD.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A08766
In summary, the AMR report on the electric boat industry covers all the significant aspects of the industry to aid enterprises in formulating their expansion strategies seamlessly. The segmental analysis and the latest advancements covered in the report assist businesses in capitalizing on the opportunities offered by the sector.
David Correa
Allied Market Research
+ + 1 800-792-5285
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
