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Electric Boat and Ship Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electric boat and ship market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Propulsion Type, Battery Type, Carriage Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global electric boat and ship market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global electric boat and ship market?
  • What are the key regional markets?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the carriage type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global electric boat and ship market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

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$), 2016-2021
Figure 3: Global: Electric Boat and Ship Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Electric Boat and Ship Market: Breakup by Propulsion Type (in %), 2021
Figure 5: Global: Electric Boat and Ship Market: Breakup by Battery Type (in %), 2021
Figure 6: Global: Electric Boat and Ship Market: Breakup by Carriage Type (in %), 2021
Figure 7: Global: Electric Boat and Ship Market: Breakup by Region (in %), 2021
Figure 8: Global: Electric Boat and Ship (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Electric Boat and Ship (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Electric Boat and Ship (Pure Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electric Boat and Ship (Pure Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electric Boat and Ship (Lead-acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electric Boat and Ship (Lead-acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electric Boat and Ship (Lithium-ion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electric Boat and Ship (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electric Boat and Ship (Nickel-based Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electric Boat and Ship (Nickel-based Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electric Boat and Ship (Passenger) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electric Boat and Ship (Passenger) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electric Boat and Ship (Cargo) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electric Boat and Ship (Cargo) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Electric Boat and Ship Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Electric Boat and Ship Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Electric Boat and Ship Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Electric Boat and Ship Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric Boat and Ship Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 3: Global: Electric Boat and Ship Market Forecast: Breakup by Battery Type (in Million US$), 2022-2027
Table 4: Global: Electric Boat and Ship Market Forecast: Breakup by Carriage Type (in Million US$), 2022-2027
Table 5: Global: Electric Boat and Ship Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Electric Boat and Ship Market: Competitive Structure
Table 7: Global: Electric Boat and Ship Market: Key Players

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