Increasing requirement for police boats across the globe and especially in the U.S. is likely to fuel the growth of electric boats market in the impeding years. Growing shift towards the electric transportation as well as increasing coastal tourism is likely to create productive opportunities for the growth of electric boats market across the globe. There has been considerable increase in the spending of customers towards tourism activities, which again is expected to drive the demand for electric boats on a larger basis.
A recent study has been conducted by Future Market Insights, which estimates that there would be a robust 11.0% CAGR growth of electric boats market over the forecast period, 2018-2028. Most importantly, the electric boats market is also expected to reach an estimate of US$ 327,678.2Th by 2028-end. Evolving effective electric boats for the end-users will be considered as a significant trend that progressively influences the market growth for electric boats. Apart from this, the study also offers highly productive insights with regards to the growth of global market in the upcoming years.
The analysts who were a major part in the development of report have assured that they delivered significantly valuable information related to the market expansion for electric boats through 2028. Furthermore, analysts are also taking immense efforts for catering to the increasing concerns of the market observers and industry backers.
What about regional landscape in electric boats market? Any useful insight you would like to mention on it?
Well, analysis so far predicts that Europe and North America will hold the maximum usage of electric boats in the upcoming years owing to the fact that these regions have the highest number of recreational activities such as fishing and boating. But most importantly, North America is expected to lead the global market during the forecast period.
What do you think can be some major factors resulting in hindrances for growth of electric boats market?
Analysis shows that low battery-cycle time as well as added bulk of the lead-acid batteries is likely to hinder the growth of electric boats market across the globe.
What do you think are the manufacturers planning to do for the expansion of electric boats market?
Manufacturers along with key players are focusing on developing new hybrid models, which in turn will propel on petrol-diesel and electric systems, catering to the increasing demand of the customers. Manufacturers are also planning to expand their customer base in APAC region on a larger basis.
What are some of the most important factors that is fuelling the growth of electric boats market?
Based on analysis, increasing number of outdoor activities is expected to significantly drive the production sales of electric boats across the globe in the approaching years. Rising concerns with related to security has also led to increasing adoption of electric boats across the globe. Increasing consumer awareness with regards to eco-friendly transportation has been contributing significantly towards growth of the global market.
Can we have the names of few key players in the electric boats market?
Yes. Sure. Analysts so far have profiled Misty Harbor Boats, ElectraCraft Boats, Ruban Bleu, Grove Boats SA, Canadian Electric Boat Company, Greenline Yachts and Dalian ODC Marine Manufactory Co., Ltd. amongst others as key players in the electric boats market.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5121