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Report
Electric Boat and Ship Market Report by Propulsion Type (Hybrid, Pure Electric), Battery Type (Lead-acid, Lithium-ion, Nickel-based Batteries), Carriage Type (Passenger, Cargo), and Region 2024-2032
Market Report I 2024-03-02 I 143 Pages I IMARC Group
The global electric boat and ship market size reached US$ 6.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.17% during 2024-2032.
Electric boats and ships refer to small-sized ferries and passenger ships that sail using electricity. They utilize marine-grade lead-acid, nickel and lithium-iron-phosphate batteries and rugged and reliable electric propulsion motors for enhanced operational efficiency. The ships and boats are commonly available in diesel-electric, hybrid and fully electric drive variants. The diesel-electric ships consist of diesel generators to produce electricity, hybrid drive ships consist of onboard batteries that operate with an internal combustion engine and the fully electric drive ships consist only of batteries as the primary source of power. In comparison to the traditionally used marine vessels, electric boats and ships operate silently, are more cost-effective, have minimal fuel requirements and are highly environment friendly.
Electric Boat and Ship Market Trends:
The increasing demand for efficient marine transportation systems across the globe is one of the key factors driving the growth of the market. Moreover, the rising environmental consciousness among the masses is providing a thrust to the market growth. Electric boats and ships are produced with specialized hull and body specifications, along with light and durable materials, to generate minimal drag and optimal propulsion. Additionally, various technological advancements, such as the integration of dashboard monitoring, remote monitoring and warning systems, are acting as other growth-inducing factors. These systems provide an accurate overview of the overall performance of the vessel, including battery temperature, voltage and state of charge (SoC), and facilitate immediate shutdown and troubleshooting in case of a threat. Other factors, including significant growth in the tourism industry and increasing seaborne trade, along with the implementation of favorable government policies promoting the utilization of sustainable energy systems, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric boat and ship market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on propulsion type, battery type and carriage type.
Breakup by Propulsion Type:
Hybrid
Pure Electric
Breakup by Battery Type:
Lead-acid
Lithium-ion
Nickel-based Batteries
Breakup by Carriage Type:
Passenger
Cargo
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Corvus Energy Ltd., Domani Yachts, Duffy Electric Boat Company, ElectraCraft Boats, General Dynamics Corporation, Hyundai Heavy Industries Co. Ltd., Kongsberg Gruppen ASA, Siemens AG, Vard Group AS (Fincantieri S.p.A.), Vision Marine Technologies Inc. and Yamaha Motor Co. Ltd.
Key Questions Answered in This Report
1. What was the size of the global electric boat and ship market in 2023?
2. What is the expected growth rate of the global electric boat and ship market during 2024-2032?
3. What are the key factors driving the global electric boat and ship market?
4. What has been the impact of COVID-19 on the global electric boat and ship market?
5. What is the breakup of the global electric boat and ship market based on the propulsion type?
6. What is the breakup of the global electric boat and ship market based on the battery type?
7. What is the breakup of the global electric boat and ship market based on the carriage type?
8. What are the key regions in the global electric boat and ship market?
9. Who are the key players/companies in the global electric boat and ship market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Boat and Ship Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Propulsion Type
6.1 Hybrid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Pure Electric
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Battery Type
7.1 Lead-acid
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Lithium-ion
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Nickel-based Batteries
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Carriage Type
8.1 Passenger
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cargo
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Corvus Energy Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Domani Yachts
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Duffy Electric Boat Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 ElectraCraft Boats
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 General Dynamics Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Hyundai Heavy Industries Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Kongsberg Gruppen ASA
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Siemens AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Vard Group AS (Fincantieri S.p.A.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Vision Marine Technologies Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Yamaha Motor Co. Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Electric Boat and Ship Market: Major Drivers and Challenges
Figure 2: Global: Electric Boat and Ship Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Electric Boat and Ship Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Electric Boat and Ship Market: Breakup by Propulsion Type (in %), 2023
Figure 5: Global: Electric Boat and Ship Market: Breakup by Battery Type (in %), 2023
Figure 6: Global: Electric Boat and Ship Market: Breakup by Carriage Type (in %), 2023
Figure 7: Global: Electric Boat and Ship Market: Breakup by Region (in %), 2023
Figure 8: Global: Electric Boat and Ship (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Electric Boat and Ship (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Electric Boat and Ship (Pure Electric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Electric Boat and Ship (Pure Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Electric Boat and Ship (Lead-acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Electric Boat and Ship (Lead-acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Electric Boat and Ship (Lithium-ion) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Electric Boat and Ship (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Electric Boat and Ship (Nickel-based Batteries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Electric Boat and Ship (Nickel-based Batteries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Electric Boat and Ship (Passenger) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Electric Boat and Ship (Passenger) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Electric Boat and Ship (Cargo) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Electric Boat and Ship (Cargo) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: North America: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: North America: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: United States: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: United States: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Canada: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Canada: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Asia-Pacific: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Asia-Pacific: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: China: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: China: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Japan: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Japan: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: India: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: India: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: South Korea: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: South Korea: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Australia: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Australia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Indonesia: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Indonesia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Europe: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Europe: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Germany: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Germany: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: France: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: France: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United Kingdom: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United Kingdom: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Italy: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Italy: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Spain: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Spain: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Russia: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Russia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Latin America: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Latin America: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Brazil: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Brazil: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Mexico: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Mexico: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Middle East and Africa: Electric Boat and Ship Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Middle East and Africa: Electric Boat and Ship Market: Breakup by Country (in %), 2023
Figure 70: Middle East and Africa: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Global: Electric Boat and Ship Industry: SWOT Analysis
Figure 72: Global: Electric Boat and Ship Industry: Value Chain Analysis
Figure 73: Global: Electric Boat and Ship Industry: Porter's Five Forces Analysis
Table 1: Global: Electric Boat and Ship Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Electric Boat and Ship Market Forecast: Breakup by Propulsion Type (in Million US$), 2024-2032
Table 3: Global: Electric Boat and Ship Market Forecast: Breakup by Battery Type (in Million US$), 2024-2032
Table 4: Global: Electric Boat and Ship Market Forecast: Breakup by Carriage Type (in Million US$), 2024-2032
Table 5: Global: Electric Boat and Ship Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Electric Boat and Ship Market: Competitive Structure
Table 7: Global: Electric Boat and Ship Market: Key Players
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