40 Ft Electric Boat Market Scope And Analysis

Report Code : TIPRE00029929
Category : Automotive and Transportation

Status : Published
No. of Pages : 203

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40-Ft Electric Boat Market Scope and Key Players Analysis by 2030

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40-Ft Electric Boat Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 1.9 Billion
Market Size by 2030	US$ 4.93 Billion
Global CAGR (2023 - 2030)	14.6%
Historical Data	2021-2022
Forecast period	2024-2030
Segments Covered	By Propulsion Pure Electric Hybrid Sail Electric By Battery Type Nickel-Based Lead-Acid Lithium-Ion By Application Fishing Recreational By Voltage Architecture 12 V 24 V 48 V
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Frauscher Bootswerft GmbH Co KG Duffy Electric Boat Co RAND Boats Aps Vision Marine Technologies Inc Quadrofoil DOO LTS MARINE RUBAN BLEU SAS aquawatt Mechatronik und Yachtbau Wellington Electric Boat Building Co

Recent Developments

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the 40-Ft Electric Boat Market. A few recent key market developments are listed below:

In August 2022, Polestar Automotive Holding—an electric car maker—agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis. In addition to those listed previously, several other important companies have been studied and analyzed during this research study to get a holistic view of the ecosystem.
In 2022, Canadian tech firm vision marine technologies are testing the traditional boating world with its powerful electric motor.
In 2022, The Electric-car maker company Polestar Automotive Holding has agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis.
In 2022, Danish boat builder Rand Boats has introduced a new electric runabout boat called the Spirit 25, also available in a gas-powered version.
In 2021, The company has raised $24 million to accelerate production of its existing small craft and a larger commercial one in pursuit of a cleaner and generally more future-proof waters.