Electric Boats Market

The global electric boat market is on a trajectory of rapid growth, driven by increasing demand for sustainable marine transportation, stringent emission regulations, and technological advancements in battery systems. Valued at USD 7.95 billion in 2024, the market is projected to reach USD 19.88 billion by 2034, expanding at an impressive CAGR of 11.5% during the forecast period. Electric boats, encompassing recreational, commercial, and military applications, represent a key component of the shift towards greener maritime solutions.