Marine Powerboats Batteries Market by Engine Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45301
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The marine powerboats batteries market has the potential to grow by 670.17 thousand units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.46%.

This marine powerboats batteries market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by engine type (outboard engines, sterndrive engines, and inboard engines) and geography (North America, Europe, APAC, South America, and MEA). The marine powerboats batteries market report also offers information on several market vendors, including C and D Technologies Inc., Corvus Energy, East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, Kokam Co. Ltd., Master Alliance Investment Ltd., and TotalEnergies SE among others.

What will the Marine Powerboats Batteries Market Size be in 2021?

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Marine Powerboats Batteries Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing popularity of boat shows and marine recreational events is notably driving the marine powerboats batteries market growth, although factors such as hazards associated with lithium-ion-powered batteries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine powerboats batteries industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing popularity of boat shows and marine recreational events will fuel the growth of the marine powerboats batteries market size.
  • An increase in the number of boat shows across the globe and a rise in the number of participants for boat shows and marine recreational activities are driving the boating industry.
  • More than one billion American participants register for water sports and events in the country every year.
  • The boating industry in the US has been positively affected by the recovery of the US economy, stronger job market, and decrease in fuel prices.
  • New boating championships are being launched. For instance, in September 2020, Formula E announced the launch of a new electric boating championship.
  • The rising disposable household incomes will drive the marine powerboats batteries market growth.
  • The growing recovery of the global economy and a subsequent increase in the disposable income of households in emerging economies such as India, China, Brazil, and others, will contribute to increased sales of yachts.
  • Sales of marine powerboats batteries are directly related to the sales of yachts as the former cannot operate without the latter. 
  • The luxury yachts are fitted with about five high-power capacity batteries and are primarily used for providing power to start the engines and power the internal electrical and electronic components in the yacht.

This marine powerboats batteries market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Marine Powerboats Batteries Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • C and D Technologies Inc.
  • Corvus Energy
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Technologies
  • GS Yuasa Corp.
  • Johnson Controls International Plc
  • Kokam Co. Ltd.
  • Master Alliance Investment Ltd.
  • TotalEnergies SE

 

This statistical study of the marine powerboats batteries market encompasses successful business strategies deployed by the key vendors. The marine powerboats batteries market is fragmented and the vendors are deploying growth strategies such as increasing their investments in R&D to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The marine powerboats batteries market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Marine Powerboats Batteries Market?

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33% of the market’s growth will originate from North America during the forecast period. The US is a key market for marine powerboats batteries in North America. Market growth in North America will be faster than the growth of the market in other regions.

The growing popularity of water sports, boat races, and other sailing activities will facilitate the marine powerboats batteries market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Engine Type Segments in the Marine Powerboats Batteries Market?

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The marine powerboats batteries market share growth by the outboard engines segment will be significant during the forecast period. Cost-effectiveness and convenience of handling are the main reasons for the increasing popularity of outboard engine powerboats. Since the majority of the outboard engine powerboats are used for leisure and water sports, sales of outboard engine powerboats are high during the summer season. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the marine powerboats batteries market size and actionable market insights on post COVID-19 impact on each segment.

 

Marine Powerboats Batteries Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 8.46%

Market growth 2021-2025

670.17 thousand units

Market structure

Fragmented

YoY growth (%)

7.64

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, Australia, Finland, Germany, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

C and D Technologies Inc., Corvus Energy, East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, Kokam Co. Ltd., Master Alliance Investment Ltd., and TotalEnergies SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Marine Powerboats Batteries Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive marine powerboats batteries market growth during the next five years
  • Precise estimation of the marine powerboats batteries market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine powerboats batteries industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine powerboats batteries market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Engine type

    • Market segments
    • Comparison by Engine type
    • Outboard engines - Market size and forecast 2020-2025
    • Sterndrive engines - Market size and forecast 2020-2025
    • Inboard engines - Market size and forecast 2020-2025
    • Market opportunity by Engine type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • C and D Technologies Inc.
      • Corvus Energy
      • East Penn Manufacturing Co. Inc.
      • EnerSys
      • Exide Technologies
      • GS Yuasa Corp.
      • Johnson Controls International Plc
      • Kokam Co. Ltd.
      • Master Alliance Investment Ltd.
      • TotalEnergies SE

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The marine powerboats batteries market growth will increase by $301.18 thousand units during 2019-2024.
      The marine powerboats batteries market is expected to grow at a CAGR of 4.25% during 2019-2024.
      Technavio has segmented the marine powerboats batteries market by other1 (Outboard engines and Inboard engines) and geographic (North America, Europe, APAC, MEA, and South America).
      C&D Technologies Inc., Clarios, East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, Kokam Co. Ltd., Leoch International Technology Ltd., Total SA are a few of the key vendors in the marine powerboats batteries market.
      North America will register the highest growth rate of 31.81% among the other regions. Therefore, the marine powerboats batteries market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the marine powerboats batteries market growth are:
      • Growing popularity of boat shows and marine recreational events
      The marine powerboats batteries market vendors should focus on grabbing business opportunities from the outboard engines segment as it accounted for the largest market share in the base year.
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