Europe Electric Boat Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Boat Type (Pure Electric and Hybrid), Battery Type (Nickel Based, Lead Acid, and Lithium-ion), and Application (Fishing, Recreational, and Others)

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The Europe electric boat market is expected to grow from US$ 2,090.69 million in 2022 to US$ 4,404.83 million by 2028. It is estimated to grow at a CAGR of 13.2% from 2022 to 2028.

Stringent Government Regulations for Controlling Greenhouse Gas Emissions is Fueling Europe Electric Boat Market

Electric boats are rapidly replacing fuel-powered boats due to rising environmental concerns and stringent government regulations to control greenhouse gas emissions. Conventional boats produce a large number of exhaust gases such as sulfur oxide, carbon dioxide, and nitrogen oxide. Thus, the growing pollution levels across marine lines and seaports enable government authorities to shift toward eco-friendly options such as electric boats. Electric hybrid boats help reduce pollution levels and maintain environmental sustainability goals. Thus, government regulations for eliminating greenhouse gas (GHG) emissions are propelling the demand for electric boats. These include the implementation of Emission Control Areas (ECAs), setting sulfur content limits in marine fuels, and the international convention for preventing pollution from boats and ships. These policy initiatives have encouraged the development and adoption of various eco-friendly electric and hybrid boats which in turn boosts the Europe electric boat market.

Europe Electric Boat Market Overview

The Europe electric boat market is sub segmented into Germany, France, the UK, Russia, Italy, and the Rest of Europe. The Rest of Europe includes Switzerland, Spain, Norway, Belgium, Denmark, and the Netherlands. A surge in leisure boat activities with increased per capita income and other similar demographic trends is supporting the market growth in Europe. Water sports events have gained huge popularity in the region, as the most of European countries have large coastal areas. Moreover, the people in these countries engage in recreational activities such as boating, marine line sightseeing, and fishing. These factors trigger the demand for electric boats in Europe. The boats and ships businesses in Norway, France, and the UK are growing notably. In Norway, Arenda city has a prominent electric leisure boat manufacturing base. The municipality of Arenda is working with various stakeholders to develop charging points along the coast. In recent years, the International Maritime Organization (IMO) and European Commission (EC) have taken actions to reduce airborne emissions from the shipping industry. These policy initiatives include the implementation of Emission Control Areas (ECAs) for setting permissible limits for the sulfur content of marine fuels.

Europe Electric Boat Market Revenue and Forecast to 2028 (US$ Million)

Europe Electric Boat Market Segmentation

The Europe electric boat market is segmented into boat type, battery type, application, and country. Based on boat type, the market is segmented into pure electric and hybrid segment. The pure electric segment registered a larger market share in 2022.

Based on type, the Europe electric boat market is segmented into nickel based, lead acid, and lithium-ion. The lithium-ion segment registered the largest market share in 2022. Based on application, the Europe electric boat market is segmented into fishing, recreational, and others. The recreational segment registered the largest market share in 2022. Based on country, the Europe electric boat market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the market share in 2022. Aquawatt Mechatronik und Yachtbau; Budsin Wood Craft; Candela Technology AB; Duffy Electric Boat Company; Frauscher Bootswerft GmbH & Co KG; Quadrofoil D.O.O; RAND Boats; Ruban Bleu; and Vision Marine Technologies Inc. are the leading companies operating in the Europe electric boat market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe electric boat market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe electric boat market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the electric boat market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00027817

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Electric Boat Market Landscape

4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Europe Electric Boat Market- Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Stringent Government Regulations for Controlling Greenhouse Gas Emissions
- 5.1.2 Increasing Network for Charging Points in Marine Infrastructure for Small Boats
5.2 Market Restraints
- 5.2.1 High Cost of Batteries and Range Limitations
5.3 Market Opportunities
- 5.3.1 Increasing Installation of Superchargers at Smaller Ports
5.4 Future Trends
- 5.4.1 Rising Inclination Toward Solar-Electric Boats
5.5 Impact Analysis of Drivers and Restraints

6. Electric Boat Market- Europe Market Analysis

6.1 Europe Electric Boat Market Overview
6.2 Europe Electric Boat Market Forecast and Analysis

7. Europe Electric Boat Market Revenue and Forecast to 2028 - Boat Type

7.1 Overview
7.2 Europe Electric Boat Market, By Boat Type (2021 And 2028)
7.3 Pure Electric
- 7.3.1 Overview
- 7.3.2 Pure Electric: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
7.4 Hybrid
- 7.4.1 Overview
- 7.4.2 Hybrid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)

8. Europe Electric Boat Market Revenue and Forecast to 2028 - Battery Type

8.1 Overview
8.2 Europe Electric Boat Market, By Battery Type (2021 And 2028)
8.3 Nickel Based
- 8.3.1 Overview
- 8.3.2 Nickel Based: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.4 Lead Acid
- 8.4.1 Overview
- 8.4.2 Lead Acid: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)
8.5 Lithium-ion
- 8.5.1 Overview
- 8.5.2 Lithium-ion: Electric Boat Market Revenue and Forecast To 2028 (US$ Million)

9. Europe Electric Boat Market - By Application

9.1 Overview
9.2 Europe Electric Boat Market, by Application (2021 and 2028)
9.3 Fishing
- 9.3.1 Overview
- 9.3.2 Fishing: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Recreational
- 9.4.1 Overview
- 9.4.2 Recreational: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Electric Boat Market - Revenue and Forecast to 2028 (US$ Million)

10. Europe Electric Boat Market- Country Analysis

10.1 Overview
- 10.1.1 Europe: Electric Boat Market, by Key Country
  - 10.1.1.1 Germany: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 Germany: Electric Boat Market, By Boat Type
    - 10.1.1.1.2 Germany: Electric Boat Market, By Battery Type
    - 10.1.1.1.3 Germany: Electric Boat Market, By Application
  - 10.1.1.2 France: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 France: Electric Boat Market, By Boat Type
    - 10.1.1.2.2 France: Electric Boat Market, By Battery Type
    - 10.1.1.2.3 France: Electric Boat Market, By Application
  - 10.1.1.3 Italy: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 Italy: Electric Boat Market, By Boat Type
    - 10.1.1.3.2 Italy: Electric Boat Market, By Battery Type
    - 10.1.1.3.3 Italy: Electric Boat Market, By Application
  - 10.1.1.4 UK: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 UK: Electric Boat Market, By Boat Type
    - 10.1.1.4.2 UK: Electric Boat Market, By Battery Type
    - 10.1.1.4.3 UK: Electric Boat Market, By Application
  - 10.1.1.5 Russia: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 Russia: Electric Boat Market, By Boat Type
    - 10.1.1.5.2 Russia: Electric Boat Market, By Battery Type
    - 10.1.1.5.3 Russia: Electric Boat Market, By Application
  - 10.1.1.6 Rest of Europe: Electric Boat Market- Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of Europe: Electric Boat Market, By Boat Type
    - 10.1.1.6.2 Rest of Europe: Electric Boat Market, By Battery Type
    - 10.1.1.6.3 Rest of Europe: Electric Boat Market, By Application

11. Industry Landscape

11.1 Overview
11.2 New Product Development

12. Company Profiles

12.1 Frauscher Bootswerft GmbH & Co KG
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Duffy Electric Boat Company
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 RAND Boats
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Vision Marine Technologies Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Quadrofoil D.O.O
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Ruban Bleu
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Aquawatt Mechatronik und Yachtbau
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Budsin Wood Craft
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Candela Technology AB
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index