Hybrid Boats Market by Type, Hull Design, Material, Boat Size, Endurance, Platform

List of Tables

[182 Pages Report] The Hybrid Boats Market size was estimated at USD 2.04 billion in 2023 and expected to reach USD 2.25 billion in 2024, at a CAGR 10.56% to reach USD 4.13 billion by 2030.

Global Hybrid Boats Market

KEY MARKET STATISTICS
Base Year [2023]	USD 2.04 billion
Estimated Year [2024]	USD 2.25 billion
Forecast Year [2030]	USD 4.13 billion
CAGR (%)	10.56%

Hybrid boats are watercraft that combine traditional internal combustion engines with electric propulsion systems. This tandem allows for more energy-efficient operation, the capability to switch between or simultaneously use power sources, and potential reductions in emissions. The increasing environmental awareness, stringent emission regulations, and advancements in battery technology increase the adoption of hybrid boats. However, high initial investment for hybrid boat acquisition and the complexity of hybrid propulsion systems pose as impediments to market growth. Nevertheless, the integration of solar panels and new-generation batteries that offer extended range and better energy management and the rise in luxury and tourism watercraft demand is expected to create substantial opportunities for market growth.

Regional Insights

In the Americas, the demand for Hybrid boats is increasing owing to the growing consumer emphasis on sustainability and eco-friendly recreational activities. This has contributed to an increased interest in hybrid boats. European Union countries have been at the forefront in championing for environmental conservation, coinciding with strict regulations on emissions. This regulatory environment has created a consumer base that is conscious of environmental impact and adaptive to technologies such as hybrid boats that align with these values. Furthermore, the EU is actively funding research into green maritime technology, including hybrid boats and innovations in boat solar panel integration, which are among the latest patents in the EU, contributing to the growth of the market. The Asia-Pacific region is witnessing a rise in the hybrid boats market owing to governmental policies favoring green energy and transportation and a growing focus on enhancing inland waterways for cargo and passenger movement, pushing the need for hybrid solutions. Furthermore, advancements in the electrification of maritime transport with hybrid ferries in coastal regions and the national waterways project encourage the use of hybrid boats to reduce pollution.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Hybrid Boats Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Hybrid Boats Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Hybrid Boats Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, Blazer Boats, Blue Wave Boats, Candela Technology AB, Caymas Boats, LLC, Cochin Shipyard Limited, Duffy Electric Boats Company, Electracraft Corporation, Ethos Boats, Everglades Boats, Exponent Yachts S.L., FALCON BOATS, FRAUSCHER BOOTSWERFT GmbH & Co KG, Grand Craft Boats LLC, GreeNaval by Naval Yachts Co., Greenline Yachts, Groupe Beneteau, Hybrid Boats, Kerala State Inland Navigation Corporation, Littoral Marine LLC, Maverick Boat Group, Inc., NauticStar, LLC, Navalt Inc., Navier, Robalo Boats, LLC, Rossinavi s.r.l., Savannah Boats, Scout Boats, Silent Yachts Trading GmbH, Soel Yachts B.V., Solace Boats, Torqeedo GmbH, Vexus Boats by Advance Marine Performance, LLC, Wight Shipyard Co Ltd., Wartsila Corporation, X Shore AB, Yamaha Motor Co., Ltd., and Yanmar Corporation.

Market Segmentation & Coverage

This research report categorizes the Hybrid Boats Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Parallel Hybrid Boats
- Regenerative Hybrid Boats
- Series Hybrid Boats
Hull Design
- Hydrofoil
- Multihull
- Rigid Inflatable
Material
- Aluminum
- Composite
- Steel
Boat Size
- 20 to 50 Feet
- Less than 20 Feet
- More than 50 Feet
Endurance
- 20 to 30 Miles
- Less than 20 Miles
- More than 30 Miles
Platform
- Commercial Boats
  - Fishing Boats
  - Passenger Boats
  - Tugs & Work Boats
- Military & Law Enforcement Boats
  - Combat Boats
  - Patrol Boats
- Recreational Boats
  - Cruising Boats
  - Speed Boats
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Hybrid Boats Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hybrid Boats Market?

3. What are the technology trends and regulatory frameworks in the Hybrid Boats Market?

4. What is the market share of the leading vendors in the Hybrid Boats Market?

5. Which modes and strategic moves are suitable for entering the Hybrid Boats Market?

Product Code: MRR-F3183FD14191

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Hybrid Boats Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising adoption of hybrid boats for recreational purposes
  - 5.1.1.2. Increasing environmental awareness among the shipping industry worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High cost of manufacturing and maintaining hybrid boats
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of solar panels and new-generation batteries in hybrid boats
  - 5.1.3.2. Adoption of hybrid boats in military & defense sector
- 5.1.4. Challenges
  - 5.1.4.1. Performance constraints in comparison to conventional fuel-powered boats
5.2. Market Segmentation Analysis
- 5.2.1. Types: Significant utilization of regenerative hybrid boats for improving overall energy efficiency
- 5.2.2. Hull Design: Increasing usage of the rigid inflatable boats owing to its high performance and durability
- 5.2.3. Material: Proliferating adoption of steel material for hybrid boats as it offers good longevity and the capacity to withstand rough conditions
- 5.2.4. Boat Size: Evolving usage of larger hybrid boats exceeding 50 feet to deliver improved fuel efficiency and reduced greenhouse gas emissions
- 5.2.5. Endurance: Wide applicability of hybrid boats with 20 to 30 miles of endurance
- 5.2.6. Platform: Growing preference for the hybrid patrol boats to maintain long-duration surveillance
5.3. Market Trend Analysis
- 5.3.1. The presence of well-established charging infrastructure coupled with government initiatives for modernizing fleets in the Americas region
- 5.3.2. Growing deployment of hybrid boats for recreational activities and marine mobility across the Asia-Pacific
- 5.3.3. Significant growth in marine tourism and novel innovations to propel the growth of hybrid boats in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Hybrid Boats Market, by Type

6.1. Introduction
6.2. Parallel Hybrid Boats
6.3. Regenerative Hybrid Boats
6.4. Series Hybrid Boats

7. Hybrid Boats Market, by Hull Design

7.1. Introduction
7.2. Hydrofoil
7.3. Multihull
7.4. Rigid Inflatable

8. Hybrid Boats Market, by Material

8.1. Introduction
8.2. Aluminum
8.3. Composite
8.4. Steel

9. Hybrid Boats Market, by Boat Size

9.1. Introduction
9.2. 20 to 50 Feet
9.3. Less than 20 Feet
9.4. More than 50 Feet

10. Hybrid Boats Market, by Endurance

10.1. Introduction
10.2. 20 to 30 Miles
10.3. Less than 20 Miles
10.4. More than 30 Miles

11. Hybrid Boats Market, by Platform

11.1. Introduction
11.2. Commercial Boats
- 11.3.1. Fishing Boats
- 11.3.2. Passenger Boats
- 11.3.3. Tugs & Work Boats
11.3. Military & Law Enforcement Boats
- 11.4.1. Combat Boats
- 11.4.2. Patrol Boats
11.4. Recreational Boats
- 11.5.1. Cruising Boats
- 11.5.2. Speed Boats

12. Americas Hybrid Boats Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Hybrid Boats Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Hybrid Boats Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
  - 15.3.1.1. HST Marine Acquired by Purus Marine
  - 15.3.1.2. Wider, Marcello Maggi and Partners complete the Acquisition
- 15.3.2. Agreement, Collaboration, & Partnership
  - 15.3.2.1. Goa Firm And Dutch Warship Builder To Create Hybrid Tugs
  - 15.3.2.2. Washington State Ferries Awards Contract To Convert Largest Vessels To Hybrid-Electric Power
  - 15.3.2.3. Ampcontrol and Steber Launch Hybrid Boat Under Collaboration
  - 15.3.2.4. Sanford Signed an Contract With Damen Shipbuilding Maaskant to Orders Hybrid Diesel-Electric Boat In Hopes Of Reducing Emissions
- 15.3.3. New Product Launch & Enhancement
  - 15.3.3.1. Cochin Shipyard Limited has delivered the 10th Electric Hybrid Water Metro Ferry to Kochi Water Metro Limited
  - 15.3.3.2. Thames Clipper Launches New Hybrid Riverboats
  - 15.3.3.3. Rossinavi Launches Its First Hybrid Motoryacht: The 50-Meter (164-Foot) No Stress
  - 15.3.3.4. Solar-Powered Hybrid Boat Joins Ksinc Fleet and launched Solar-Powered Hybrid Boat
- 15.3.4. Investment & Funding
  - 15.3.4.1. Toyo Construction Turns To Vard For Hybrid Cable-Lay And Construction Vessel
  - 15.3.4.2. French Electric/Hybrid Manufacturer BlueNav Secures EUR 1.3M Funding

16. Competitive Portfolio

16.1. Key Company Profiles
- 16.1.1. AB Volvo
- 16.1.2. Blazer Boats
- 16.1.3. Blue Wave Boats
- 16.1.4. Candela Technology AB
- 16.1.5. Caymas Boats, LLC
- 16.1.6. Cochin Shipyard Limited
- 16.1.7. Duffy Electric Boats Company
- 16.1.8. Electracraft Corporation
- 16.1.9. Ethos Boats
- 16.1.10. Everglades Boats
- 16.1.11. Exponent Yachts S.L.
- 16.1.12. FALCON BOATS
- 16.1.13. FRAUSCHER BOOTSWERFT GmbH & Co KG
- 16.1.14. Grand Craft Boats LLC
- 16.1.15. GreeNaval by Naval Yachts Co.
- 16.1.16. Greenline Yachts
- 16.1.17. Groupe Beneteau
- 16.1.18. Hybrid Boats
- 16.1.19. Kerala State Inland Navigation Corporation
- 16.1.20. Littoral Marine LLC
- 16.1.21. Maverick Boat Group, Inc.
- 16.1.22. NauticStar, LLC
- 16.1.23. Navalt Inc.
- 16.1.24. Navier
- 16.1.25. Robalo Boats, LLC
- 16.1.26. Rossinavi s.r.l.
- 16.1.27. Savannah Boats
- 16.1.28. Scout Boats
- 16.1.29. Silent Yachts Trading GmbH
- 16.1.30. Soel Yachts B.V.
- 16.1.31. Solace Boats
- 16.1.32. Torqeedo GmbH
- 16.1.33. Vexus Boats by Advance Marine Performance, LLC
- 16.1.34. Wight Shipyard Co Ltd.
- 16.1.35. Wartsila Corporation
- 16.1.36. X Shore AB
- 16.1.37. Yamaha Motor Co., Ltd.
- 16.1.38. Yanmar Corporation
16.2. Key Product Portfolio

17. Appendix

17.1. Discussion Guide
17.2. License & Pricing