Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1127875

Cover Image

PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1127875

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

PUBLISHED:
PAGES: 145 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF (Single User License)
USD 2499
PDF (5 User License)
USD 3499
PDF (Corporate License)
USD 4499

Add to Cart

The global marine electric vehicle market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2027, exhibiting a growth rate (CAGR) of 10.17% 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.

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.

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 at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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 Wartsila 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?
Product Code: SR1022A144_Report

Table of Contents

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 Wartsila 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
Product Code: SR1022A144_Report

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$), 2016-2021
  • Figure 3: Global: Marine Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Marine Electric Vehicle Market: Breakup by Vehicle Type (in %), 2021
  • Figure 5: Global: Marine Electric Vehicle Market: Breakup by Propulsion Type (in %), 2021
  • Figure 6: Global: Marine Electric Vehicle Market: Breakup by Application (in %), 2021
  • Figure 7: Global: Marine Electric Vehicle Market: Breakup by Region (in %), 2021
  • Figure 8: Global: Marine Electric Vehicle Market (Military Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 9: Global: Marine Electric Vehicle Market (Military Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 10: Global: Marine Electric Vehicle Market (Work Boat) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 11: Global: Marine Electric Vehicle Market (Work Boat) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 12: Global: Marine Electric Vehicle Market (Leisure and Tourist Surface Boat) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: Marine Electric Vehicle Market (Leisure and Tourist Surface Boat) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: Marine Electric Vehicle Market (Autonomous Underwater Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: Marine Electric Vehicle Market (Autonomous Underwater Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: Marine Electric Vehicle Market (Others) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: Marine Electric Vehicle Market (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: Marine Electric Vehicle Market (Battery Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: Marine Electric Vehicle Market (Battery Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: Marine Electric Vehicle Market (Plug-in Hybrid Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: Marine Electric Vehicle Market (Plug-in Hybrid Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: Global: Marine Electric Vehicle Market (Hybrid Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: Global: Marine Electric Vehicle Market (Hybrid Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: Global: Marine Electric Vehicle Market (On-Water Applications) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 25: Global: Marine Electric Vehicle Market (On-Water Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 26: Global: Marine Electric Vehicle Market (Underwater Applications) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 27: Global: Marine Electric Vehicle Market (Underwater Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 28: North America: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 29: North America: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 30: United States: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 31: United States: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 32: Canada: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: Canada: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: Asia-Pacific: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: Asia-Pacific: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: China: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: China: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: Japan: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: Japan: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: India: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: India: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: South Korea: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: South Korea: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: Australia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: Australia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: Indonesia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: Indonesia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 49: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 50: Europe: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 51: Europe: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 52: Germany: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 53: Germany: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 54: France: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 55: France: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 56: United Kingdom: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 57: United Kingdom: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 58: Italy: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 59: Italy: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 60: Spain: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 61: Spain: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 62: Russia: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 63: Russia: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 64: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 65: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 66: Latin America: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 67: Latin America: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 68: Brazil: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 69: Brazil: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 70: Mexico: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 71: Mexico: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 72: Others: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 73: Others: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 74: Middle East and Africa: Marine Electric Vehicle Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 75: Middle East and Africa: Marine Electric Vehicle Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 76: Middle East and Africa: Marine Electric Vehicle Market: Breakup by Country (in %), 2021
  • Figure 77: Global: Marine Electric Vehicle Industry: SWOT Analysis
  • Figure 78: Global: Marine Electric Vehicle Industry: Value Chain Analysis
  • Figure 79: Global: Marine Electric Vehicle Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Marine Electric Vehicle Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Marine Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
  • Table 3: Global: Marine Electric Vehicle Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
  • Table 4: Global: Marine Electric Vehicle Market Forecast: Breakup by Application (in Million US$), 2022-2027
  • Table 5: Global: Marine Electric Vehicle Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Global: Marine Electric Vehicle Market: Competitive Structure
  • Table 7: Global: Marine Electric Vehicle Market: Key Players
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!