Global Marine Powerboats Batteries Market 2024-2028
The marine powerboats batteries market is forecasted to grow by USD 1819.2 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the marine powerboats batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for recreational boating, rising disposable household incomes, and advancements in battery technology.
Technavio's marine powerboats batteries market is segmented as below:
By Battery Type
- Lithium-ion
- Absorbent glass mat
- Lead-acid
By Application
- Outboard
- Sterndrive
- Inboard
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the emergence of AGM batteries as one of the prime reasons driving the marine powerboats batteries market growth during the next few years. Also, rise of electric and hybrid powerboats and emergence of marine batteries for methanol-fueled powerboats will lead to sizable demand in the market.
The report on the marine powerboats batteries market covers the following areas:
- Marine powerboats batteries market sizing
- Marine powerboats batteries market forecast
- Marine powerboats batteries market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine powerboats batteries market vendors that include Brunswick Corp., C and D Technologies Inc., CLARIOS LLC, Corvus Energy, East Penn Manufacturing Co. Inc., Electric Fuel, Energy Solutions UK Ltd., EnerSys, Exide Technologies, GS Yuasa International Ltd., Guang Dong Fullriver Industry Co. Ltd., Johnson Controls International Plc., JYC Battery Manufacturer Co. Ltd., Kabra Extrusiontechnik Ltd., Lifeline Batteries Inc., SEC Group, Staab Battery Manufacturing Co. Inc., Surrette Battery Co. Ltd., TotalEnergies SE, and Victron Energy BV. Also, the marine powerboats batteries market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.