PUBLISHER: Grand View Research | PRODUCT CODE: 1771517
PUBLISHER: Grand View Research | PRODUCT CODE: 1771517
U.S. Electric Boat Market Size, Share & Trends Analysis Report By Boat Type (Leisure Boats, Fishing Boats), By Propulsion Type (Outboard Electric Propulsion), By Battery Type, By Power Source, By Region, And Segment Forecasts, 2025 - 2030
U.S. Electric Boat Market Summary
The U.S. electric boat market size was estimated at USD 2.49 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2030. The market is driven by a combination of environmental awareness, consumer demand for sustainable recreational options, and supportive policies aimed at reducing emissions in the maritime sector. With the country hosting one of the world's largest recreational boating industries, there is a growing shift among boat owners, marina operators, and charter businesses toward cleaner alternatives. The increasing emphasis on decarbonizing transportation, along with the availability of government incentives for electric mobility, is encouraging both manufacturers and consumers to transition to electric-powered boats.
Technological advancements are playing a pivotal role in the evolution of the electric boat market in the U.S. Innovations in battery technology, particularly the development of high-capacity, fast-charging lithium-ion batteries, are extending the range and reducing charging times for electric boats. Furthermore, the integration of smart navigation systems, onboard energy management tools, and solar charging capabilities is enhancing the performance and appeal of electric boats. Companies are also exploring the use of lightweight composite materials to improve energy efficiency. These innovations improve user experience and address core challenges such as range anxiety and charging convenience.
Investment activity in the U.S. electric boat market is accelerating as both established marine manufacturers and startups enter the space. Prominent companies such as Brunswick Corporation and Vision Marine Technologies are allocating significant resources to develop new electric boat models and expand their production capabilities. In addition, venture capital and private equity firms are backing startups focusing on battery systems, marine electric drivetrains, and charging infrastructure. Public and private marinas are also investing in dockside charging stations, particularly in high-traffic recreational boating areas such as the Great Lakes, Florida, and the Pacific Northwest.
The regulatory landscape in the U.S. increasingly supports electric boating, although it varies by state and locality. Through the Environmental Protection Agency (EPA) and the Department of Energy (DOE), the federal government promotes cleaner marine transportation via grants and research funding. States such as California and New York are implementing stricter emissions regulations for internal combustion engine (ICE) boats and providing incentives for electric alternatives. In some regions, policies are being introduced to phase out gas-powered motors on certain lakes or waterways, further boosting demand for electric options. These regulations are helping to standardize the market and accelerate adoption.
Despite its growth potential, the U.S. electric boat market faces several restraints. High upfront costs associated with electric boat purchase and infrastructure installation remain a significant barrier for many consumers. Limited charging infrastructure, particularly outside of major boating hubs, also hampers broader adoption. In addition, range limitations and longer charging times compared to refueling traditional gas-powered boats can deter potential buyers. Some consumers also remain hesitant due to a lack of awareness or misconceptions about the performance and durability of electric boats. Overcoming these barriers will require continued technological innovation, greater infrastructure investment, and targeted consumer education.
U.S. Electric Boat Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. electric boat market report based on boat type, propulsion type, battery type, and power source.
- Boat Type Outlook (Revenue, USD Million, 2018 - 2030)
- Leisure Boats
- Fishing Boats
- Pontoon & Deck Boats
- Yachts & Cruisers
- Commercial & Utility Boats
- Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
- Outboard Electric Propulsion
- Inboard Electric Propulsion
- Hybrid Propulsion
- Solar-Integrated Systems
- Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium-ion Batteries
- Lead-acid Batteries
- Other Advanced Chemistries
- Power Source Outlook (Revenue, USD Million, 2018 - 2030)
- <10 kW
- 10-50 kW
- 50-150 kW
- >150 kW
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Electric Boat Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. U.S. Electric Boat Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social Landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental Landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Electric Boat Market: Boat Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.1.1. U.S. Electric Boat Market: Boat Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.2. Leisure Boats
- 4.2.1. Leisure Boats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3. Fishing Boats
- 4.3.1. Fishing Boats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Pontoon & Deck Boats
- 4.4.1. Pontoon & Deck Boats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Yachts & Cruisers
- 4.5.1. Yachts & Cruisers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Commercial & Utility Boats
- 4.6.1. Commercial & Utility Boats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. U.S. Electric Boat Market: Propulsion Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. Electric Boat Market: Propulsion Type Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Outboard Electric Propulsion
- 5.3.1. Outboard Electric Propulsion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Inboard Electric Propulsion
- 5.4.1. Inboard Electric Propulsion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Hybrid Propulsion
- 5.5.1. Hybrid Propulsion Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Solar-Integrated Systems
- 5.6.1. Solar-Integrated Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. U.S. Electric Boat Market: By Battery Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. U.S. Electric Boat Market: By Battery Type Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Lithium-ion Batteries
- 6.3.1. Lithium-ion Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Lead-acid Batteries
- 6.4.1. Lead-acid Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Other Advanced Chemistries
- 6.5.1. Other Advanced Chemistries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. U.S. Electric Boat Market: By Power Source Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. U.S. Electric Boat Market: By Power Source Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. <10 kW
- 7.3.1. <10 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. 10-50 kW
- 7.4.1. 10-50 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. 50-150 kW
- 7.5.1. 50-150 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. >150 kW
- 7.6.1. >150 kW Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Pure Watercraft
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Vision Marine Technologies Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Ingenity Electric
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Torqeedo GmbH
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Flux Marine
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Navier Boats
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Correct Craft
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. X Shore AB
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. AB Volvo Penta
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Arc Boats
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.1. Pure Watercraft
List of Tables
- Table 1 U.S. electric boat market size estimates & forecasts 2018 - 2030 (USD Million)
- Table 2 U.S. electric boat market, by boat type 2018 - 2030 (USD Million)
- Table 3 U.S. electric boat market, by propulsion type 2018 - 2030 (USD Million)
- Table 4 U.S. electric boat market, by battery type 2018 - 2030 (USD Million)
- Table 5 U.S. electric boat market, by power source 2018 - 2030 (USD Million)
- Table 6 Leisure boats market, by region 2018 - 2030 (USD Million)
- Table 7 Fishing boats market, by region 2018 - 2030 (USD Million)
- Table 8 Pontoon & deck boats market by region 2018 - 2030 (USD Million)
- Table 9 Yachts & cruisers market, by region 2018 - 2030 (USD Million)
- Table 10 Commercial & utility boats market, by region 2018 - 2030 (USD Million)
- Table 11 Outboard electric propulsion market, by region 2018 - 2030 (USD Million)
- Table 12 Inboard electric propulsion market, by region 2018 - 2030 (USD Million)
- Table 13 Hybrid propulsion market, by region 2018 - 2030 (USD Million)
- Table 14 Solar-integrated systems market, by region 2018 - 2030 (USD Million)
- Table 15 Lithium-ion batteries market, by region 2018 - 2030 (USD Million)
- Table 16 Lead-acid batteries market, by region 2018 - 2030 (USD Million)
- Table 17 Other advanced chemistries market, by region 2018 - 2030 (USD Million)
- Table 18 <10 kW market, by region 2018 - 2030 (USD Million)
- Table 19 10-50 kW market, by region 2018 - 2030 (USD Million)
- Table 20 50-150 kW market, by region 2018 - 2030 (USD Million)
- Table 21 >150 kW market, by region 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. electric boat market Segmentation
- Fig. 2 Market research deployment mode
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 U.S. electric boat market snapshot
- Fig. 10 U.S. electric boat market segment snapshot
- Fig. 11 U.S. electric boat market competitive landscape snapshot
- Fig. 12 Market research deployment mode
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 U.S. electric boat market: Boat type outlook key takeaways (USD Million)
- Fig. 16 U.S. electric boat market: Boat type movement analysis 2024 & 2030 (USD Million)
- Fig. 17 Leisure boats market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Fishing boats market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Pontoon & deck boats market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Yachts & cruisers market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Commercial & utility boats market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 22 U.S. electric boat market: Propulsion type outlook key takeaways (USD Million)
- Fig. 23 U.S. electric boat market: Propulsion type movement analysis 2024 & 2030 (USD Million)
- Fig. 24 Outboard electric propulsion market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Inboard electric propulsion market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Hybrid propulsion market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Solar-integrated systems propulsion market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 U.S. electric boat market: Battery type outlook key takeaways (USD Million)
- Fig. 29 U.S. electric boat market: Battery type movement analysis 2024 & 2030 (USD Million)
- Fig. 30 Lithium-ion batteries market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Lead-acid batteries market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Other advanced chemistries market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 33 U.S. electric boat market: Power source outlook key takeaways (USD Million)
- Fig. 34 U.S. electric boat market: Power source movement analysis 2024 & 2030 (USD Million)
- Fig. 35 <10 kW market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 36 10-50 kW market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 37 50-150 kW market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 38 >150 kW market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Strategy framework
- Fig. 40 Company Categorization
