World Electric Boat Market Analysis, Forecast, Size, Trends and Insights Report 2020

Global Electric Boat Market size is expected to reach USD 18 billion in 2026 from USD 8.31 billion in 2019, at CAGR of 11.7% during projection period 2020-26. Increasing recreational activities, improved standard of living, and rising disposable income in developed nations drive the market growth. Rising boat-leasing and the use of boats as a means of transportation also enhance the demand for the electric boat. Besides, the increasing concerns related to carbon emissions, advanced technology of motors & battery, and economic factor affect the Global Electric Boat Market.