Global Marine Electric Vehicles Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: June 10, 2021 |

The global marine electric vehicles market size is expected to register a significant CAGR of over 10% during the forecast period from 2021 to 2027 and expected to reach over USD 8.5 billion by 2027. The rising demand for electric unmanned underwater vehicles (UUVs) and increasing adoption of electric vehicles are some major factors to drive the market growth. The increasing demand for shipping and stringent regulation regarding emission control are some other factors to fuel the market. Furthermore, the rapid growth in tourism activities has increased the demand for workboats, yachts, sea scooters, and autonomous underwater vehicles, which is projected to support the market growth positively.

Market Segment Insights:

The global electric marine vehicles market is bifurcated into type, platform, application, and geography. On the basis of type, the market is further segmented into battery electric vehicle, plug-in hybrid vehicle, and hybrid electric vehicle. The battery-electric vehicle segment held the largest market share in 2020 and expected to maintain its dominance over the forecast period. The segment growth is attributed to its benefits associated such as low maintenance cost and eco-friendly nature.

By application, the market is classified into military workboats, leisure and tourist surface boat, autonomous underwater, and others. The military workboats segment dominated the global marine electric vehicles market in 2020 and expected to grow at the same trend. In contrast, the autonomous underwater vehicles segment is expected to grow at the fastest growth rate over the forecast period due to the increasing demand from various sectors such as military & defense, oil & gas, etc.

Marine Electric Vehicles Market Size

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The marine electric vehicles comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The marine electric vehicles market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Marine Electric Vehicles Market Segmentation:

By Type:

  • Battery Electric Vehicle
  • Plug-in Hybrid Vehicle
  • Hybrid Electric Vehicle

By Platform:

  • On-Water Platforms
  • Underwater Platforms

By Application:

  • Military Work Boat
  • Leisure and Tourist Surface Boat
  • Autonomous Underwater
  • Personal & Tourist Submarine
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global marine electric vehicles market in 2020 and accounted to hold the largest market share around two-third of the market in terms of revenue. The rising adoption of electric vehicles and stringent regulation regarding carbon emission are some major factors to drive the market growth in the region. Furthermore, the fluctuating prices of fuel and the increasing purchase power of the consumer is further expected to propel the market growth in the region. Moreover, the presence of some major players has contributed the market growth in North America.

Market Competition Assessment:

Some of the major players operating in the global marine electric vehicles market are Boesch Motorboote AG, Electrovaya, Corvus Energy, Duffy Electric Boat, and Torqeedo GmBH. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Boesch Motorboote AG
  • Electrovaya
  • Corvus Energy
  • Duffy Electric Boat
  • Torqeedo GmBH
  • Triton Submarines
  • Ruban Bleu
  • Saft
  • Wärtsila
  • Boeing
  • Andaman Boatyard

Key Questions Answered by Marine Electric Vehicles Market Report

  • Global marine electric vehicles market forecasts from 2021-2027
  • Regional marine electric vehicles market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Marine electric vehicles submarket forecasts from 2021-2027 covering the market by type, by platform, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to marine electric vehicles market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level marine electric vehicles markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the marine electric vehicles market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Marine Electric Vehicles Market Portraiture
2.2. Global Marine Electric Vehicles Market, by Type, 2020 (USD Mn)
2.3. Global Marine Electric Vehicles Market, by Platform, 2020 (USD Mn)
2.4. Global Marine Electric Vehicles Market, by Application, 2020 (USD Mn)
2.5. Global Marine Electric Vehicles Market, by Geography, 2020 (USD Mn)

 

3. Global Marine Electric Vehicles Market Analysis


3.1. Marine Electric Vehicles Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Marine Electric Vehicles Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Battery Electric Vehicle
4.3. Plug-in Hybrid Vehicle
4.4. Hybrid Electric Vehicle

 

5. Global Marine Electric Vehicles Market By Platform, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. On-Water Platforms
5.3. Underwater Platforms

 

6. Global Marine Electric Vehicles Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Military Work Boat
6.3. Leisure and Tourist Surface Boat
6.4. Autonomous Underwater
6.5. Personal & Tourist Submarine
6.6. Others

 

7. North America Marine Electric Vehicles Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
7.1.3. North America Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
7.1.4. North America Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
7.1.5. North America Marine Electric Vehicles Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
7.1.5.1.3. U.S. Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
7.1.5.2.3. Canada Marine Electric Vehicles Market by Application (2018-2027 USD Mn)

 

8. Europe Marine Electric Vehicles Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.3. Europe Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.4. Europe Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
8.1.5. Europe Marine Electric Vehicles Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.5.1.3. Germany Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.5.2.3. U.K. Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.5.3.3. France Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.5.4.3. Italy Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Marine Electric Vehicles Market by Application (2018-2027 USD Mn)

 

9. Asia Pacific Marine Electric Vehicles Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
9.1.4. Asia Pacific Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
9.1.5. Asia Pacific Marine Electric Vehicles Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
9.1.5.1.3. China Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
9.1.5.2.3. Japan Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Marine Electric Vehicles Market by Application (2018-2027 USD Mn)

 

10. Latin America (LATAM) Marine Electric Vehicles Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
10.1.4. Latin America Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
10.1.5. Latin America Marine Electric Vehicles Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
10.1.5.1.3. Brazil Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
10.1.5.2.3. Mexico Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Marine Electric Vehicles Market by Application (2018-2027 USD Mn)

 

11. Middle East and Africa Marine Electric Vehicles Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
11.1.3. MEA Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
11.1.4. MEA Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
11.1.5. Middle East and Africa Marine Electric Vehicles Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
11.1.5.1.3. GCC Marine Electric Vehicles Market by Application (2018-2027 USD Mn)
11.1.5.2. Rest of MEA
11.1.5.2.1. Rest of MEA Marine Electric Vehicles Market by Type (2018-2027 USD Mn)
11.1.5.2.2. Rest of MEA Marine Electric Vehicles Market by Platform (2018-2027 USD Mn)
11.1.5.2.3. Rest of MEA Marine Electric Vehicles Market by Application (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Boesch Motorboote AG
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Electrovaya
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Corvus Energy
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Duffy Electric Boat
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Torqeedo GmBH
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Triton Submarines
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Ruban Bleu
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Saft
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Wartsila
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Boeing
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Andaman Boatyard
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis
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