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Electric Boats Market: Growing Leisure and Tourism Industry to Boost Market Growth

Press release Description

Albany, New York, October 5, 2018: Rising awareness among consumers, and the demand for eco-friendly modes of transportation are anticipated to be major driving factors behind the fast growth of the electric boats market through 2028. In addition, growing interest in outdoor leisure activities such as boating and fishing is also expected to contribute significantly to demand for electric boats.

Revenues from the electric boats market are estimated to grow at a healthy CAGR of around 11% through 2028.These insights have been gleaned from the report titled “Electric Boats Market: Will the Steady Rise in Adoption Completely Oust Conventional Boats in the Coming Years?” added recently to the massive repository of Market Research Reports Search Engine (MRRSE).

Increasing disposable incomes of populations worldwide, along with a rapidly growing tourism industry and growing environmental concerns are expected to significantly boost demand in the electric boats market. Pure electric boats are expected to hold most of the market share for the near future, greatly overshadowing its hybrid counterparts. High fuel efficiency and remarkable reduction in harmful emissions have made electric boats a really popular choice. On the other hand, electric boats are not expected to completely replace conventional water transportation vehicles anytime soon.

Electric Boats Market: Report Synopsis

This report provides a comprehensive regional and global-level analysis & forecast on the electric boats market, in terms of value (US$ Mn), for the period of forecast 2018 to 2028. Important dynamics such as social, technological, and economic influencers that play a significant role in impacting demand and the need for electric boats have been thoroughly scrutinized in the report.

An extensive value chain analysis on the electric boats industry has been given in this report, and the researched intelligence has been effectively used for making the readers understand the competitive scenario among leaders and new market players with the right opportunities and restraints. A market attractiveness analysis, on the basis of factors such as market size, general attractiveness, competition matrix, and Y-O-Y growth rate, has also been incorporated in the report.

Electric Boats Market: Research Methodology

Detailed discussions and extensive interviews have been carried out with various highly experienced industry experts and opinion leaders during the development of this report. Primary and secondary research methodologies have been used widely, which have helped in offering relevant intelligence on the electric boats market. Primary research represents bulk of the research efforts, which has been further validated with an extensive secondary research.

Major companies and new entrants in the electric boats market have been assessed, while data sources such as press releases, investor presentations, annual reports, and other related documents have been used for comprehensive analysis on the market’s competitor landscape and also for better market understanding. The research approach employed here has been regarded as being one of the most reliable and efficient approaches to harness precise intelligence on the market data, by finding and making use of unused business opportunities, and gaining useful insights about the actions of various industry participants.

Browse Full Global  Electric Boats Market Report with TOC :

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