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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Marine Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global marine electric vehicle market grew at a CAGR of around 8% during 2015-2020. Marine electric vehicles (EVs) are zero-emission transportation systems that rely on renewable energy sources (RES) for electric propulsion. These vehicles require less maintenance, incur low running costs and are more environment friendly compared to fossil fuel-powered maritime vessels. As they reduce waves, increase speed and create less noise, marine EVs are also considered suitable for wildlife tours. Moreover, a significant shift in preferences from diesel-powered to hybrid electric boats is positively influencing the sales of marine EVs for both commercial and recreational purposes.

Due to the escalating demand for shipping and rising environmental concerns, there is an increase in the need for low and zero-emission vessels (ZEVs). This, in confluence with the emerging trend of digitalization and automation and the depletion of fossil fuels, represents one of the key factors bolstering the growth of the marine EV market. Additionally, the inflating disposable incomes are promoting the sales of seagoing enclosed yachts, ferries, workboats, personal submarines, scuba sea scooters and autonomous underwater vehicles (AUVs). This is also supported by the burgeoning travel and tourism sector, which is increasing the adoption of surface boats for leisure and recreational activities. Apart from this, the electric unmanned underwater vehicles (UUVs) are gaining traction in the oil and gas industry for offshore hydrocarbon extraction, detailed mapping of the ocean floor and scientific research. They can be integrated with high-definition (HD) cameras that transmit data to allow the inspection of the underwater environment efficiently. Looking forward, IMARC Group expects the global marine electric vehicle market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global marine electric vehicle market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vehicle type, propulsion type and application.

Breakup by Vehicle Type:

  • Military Vehicle
  • Work Boat
  • Leisure and Tourist Surface Boat
  • Autonomous Underwater Vehicle
  • Others
     

Breakup by Propulsion Type:

  • Battery Electric Vehicle
  • Plug-in Hybrid Vehicle
  • Hybrid Electric Vehicle
     

Breakup by Application:

  • On-Water Applications
  • Underwater Applications
     

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 Andaman Boatyard, Boesch Motorboote AG, Corvus Energy Ltd., Duffy Electric Boat Co, Electrovaya Inc, Ruban Bleu, Saft Groupe S.A. (Total SE), The Boeing Company, Torqeedo GmbH, Triton Submarines LLC and Wärtsilä Oyj Abp.

Key Questions Answered in This Report:

  • How has the global marine electric vehicle market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global marine electric vehicle market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the application?
  • 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 marine electric vehicle 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 Marine Electric Vehicle Market 
    5.1   Market Overview
    5.2   Market Performance
    5.3   Impact of COVID-19
    5.4   Market Forecast
6    Market Breakup by Vehicle Type
    6.1   Military Vehicle
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   Work Boat
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3   Leisure and Tourist Surface Boat
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4   Autonomous Underwater Vehicle
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5   Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Propulsion Type
    7.1   Battery Electric Vehicle
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2   Plug-in Hybrid Vehicle
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3   Hybrid Electric Vehicle
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1   On-Water Applications
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2   Underwater Applications
        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   Andaman Boatyard
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2   Boesch Motorboote AG
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3   Corvus Energy Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4   Duffy Electric Boat Co
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5   Electrovaya Inc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6   Ruban Bleu
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7   Saft Groupe S.A. (Total SE)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8   The Boeing Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9   Torqeedo GmbH
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10   Triton Submarines LLC
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11   Wärtsilä Oyj Abp
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Marine Electric Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Marine Electric Vehicle Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Marine Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Marine Electric Vehicle Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Global: Marine Electric Vehicle Market: Breakup by Propulsion Type (in %), 2020
Figure 6: Global: Marine Electric Vehicle Market: Breakup by Application (in %), 2020
Figure 7: Global: Marine Electric Vehicle Market: Breakup by Region (in %), 2020
Figure 8: Global: Marine Electric Vehicle Market (Military Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 9: Global: Marine Electric Vehicle Market (Military Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Marine Electric Vehicle Market (Work Boat) Market: Sales Value (in Million US$), 2015-2020
Figure 11: Global: Marine Electric Vehicle Market (Work Boat) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Marine Electric Vehicle Market (Leisure and Tourist Surface Boat) Market: Sales Value (in Million US$), 2015-2020
Figure 13: Global: Marine Electric Vehicle Market (Leisure and Tourist Surface Boat) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Marine Electric Vehicle Market (Autonomous Underwater Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 15: Global: Marine Electric Vehicle Market (Autonomous Underwater Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Marine Electric Vehicle Market (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 17: Global: Marine Electric Vehicle Market (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Marine Electric Vehicle Market (Battery Electric Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 19: Global: Marine Electric Vehicle Market (Battery Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Marine Electric Vehicle Market (Plug-in Hybrid Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 21: Global: Marine Electric Vehicle Market (Plug-in Hybrid Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Marine Electric Vehicle Market (Hybrid Electric Vehicle) Market: Sales Value (in Million US$), 2015-2020
Figure 23: Global: Marine Electric Vehicle Market (Hybrid Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Marine Electric Vehicle Market (On-Water Applications) Market: Sales Value (in Million US$), 2015-2020
Figure 25: Global: Marine Electric Vehicle Market (On-Water Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Marine Electric Vehicle Market (Underwater Applications) Market: Sales Value (in Million US$), 2015-2020
Figure 27: Global: Marine Electric Vehicle Market (Underwater Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 29: North America: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Marine Electric Vehicle Market: Breakup by Country (in %), 2020
Figure 31: United States: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 32: United States: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Canada: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 34: Canada: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia-Pacific: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 36: Asia-Pacific: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia-Pacific: Marine Electric Vehicle Market: Breakup by Country (in %), 2020
Figure 38: China: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 39: China: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 41: Japan: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 43: India: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 45: South Korea: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 47: Australia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 49: Indonesia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 51: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 53: Europe: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Marine Electric Vehicle Market: Breakup by Country (in %), 2020
Figure 55: Germany: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 56: Germany: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 58: France: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 60: United Kingdom: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 62: Italy: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 64: Spain: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 66: Russia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 68: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 70: Latin America: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Marine Electric Vehicle Market: Breakup by Country (in %), 2020
Figure 72: Brazil: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 73: Brazil: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Mexico: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 75: Mexico: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 77: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Marine Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 79: Middle East and Africa: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Marine Electric Vehicle Market: Breakup by Country (in %), 2020
Figure 81: Global: Marine Electric Vehicle Industry: SWOT Analysis
Figure 82: Global: Marine Electric Vehicle Industry: Value Chain Analysis
Figure 83: Global: Marine Electric Vehicle Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Marine Electric Vehicle Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Marine Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Marine Electric Vehicle Market Forecast: Breakup by Propulsion Type (in Million US$), 2021-2026
Table 4: Global: Marine Electric Vehicle Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Marine Electric Vehicle Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Marine Electric Vehicle Market: Competitive Structure
Table 7: Global: Marine Electric Vehicle Market: Key Players

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