The southern European boating industry seems to be hesitant about electric boats. There, the industry seems to be further along than the buyers: Although the country is one of the top 3 suppliers of electric boats, Germany records lower search queries for electric boats than other countries. While interest is also high in the UK and the Netherlands according to Google Trend Analysis (above), a different picture emerges in Germany. Most of the electric boats listed for sale on the online marketplaces have their moorings in the UK (1st place), the Netherlands (2nd place) and Germany (3rd place). UK, Netherlands and Germany provide the largest supply, Italy and Spain lag behind These countries are the worst performers in the search rating.ģ. Interest seems to be less pronounced among Spaniards and Germans at the moment. In Belgium, Sweden, the UK and Ireland, there are also comparatively many searches for electric boats. Compared to the year 2019, the online exchanges recorded that the total electric boat listings on the platforms increased by 60 percent in 2021, 160 percent in 2022, and 190 percent in 2023. Since 2021, the range of electrically powered boats on the online sales exchanges has increased two and a half times. Supply increased by 2.5 times in the last two years Here are the key findings of the study:ġ. Additionally, the boat sales on the platforms by over 4,000 brokers, dealers and Original Equipment Manufacturers were analyzed. The data basis on which the study is based covers the period of the past four years (2019-2023). In total, the analysis includes the search behavior of 46 million active potential buyers, particularly across the six main European marketplaces in UK, France, Italy, Spain, Netherlands and Germany of Boats Group. The study also investigated which countries have the best supply and the most buyers.įor the study, analyzed the data of eleven leading European online sales platforms for boats that have joined forces under the umbrella of Boats Group, the leading platform for the boat trade. It analyzed which European countries are ahead in electric boats and in which price segments electric boats are predominantly available. What is behind the hype and how is the market for electric boats developing in the individual European countries? The new 'Electric Boat Market Study 2023' by gets to the bottom of this question. The analysts expect the strongest growth in Europe ahead of North America and the Asia-Pacific region (1). ![]() The latest market research (1) forecasts average annual growth of 12.7 percent for electric boats until 2028 (CAGR). Initially eyed critically, the quiet and climate-friendly electric boats are beginning to gain acceptance and popularity. Many electric boats online available in entry-level and mid-pricedĪMSTERDAM, July 26, 2023-( BUSINESS WIRE)-Electric motors are increasingly conquering European waters. Large differences in supply, demand and interest across Europe Experts forecast the strongest growth for electric boats in Europe, ahead of North America
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