NEW YORK, Oct. 20, 2023 /PRNewswire/ — The Marine Powerboats Batteries Market is estimated to grow by USD 1.82 billion, accelerating at a CAGR of 8.6% during the forecast period. The marine powerboats batteries market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer marine powerboats batteries market are 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., Total Energies SE, and Victron Energy BV. The report provides a full list of key companies, their strategies, and the latest developments. Buy report
Technavio has announced its latest market research report titled Global Marine Powerboats Batteries Market 2023-2027
Marine Powerboats Batteries Market 2023 – 2027: Company Offering:
Brunswick Corp.- The company offers marine powerboats batteries such as RELiONs legacy series batteries and lithium portable power station, under the subsidiary of RELiON Battery LLC.
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Marine Powerboats Batteries Market 2023 – 2027: Geographical Analysis
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa.
North America is expected to have the largest share of the market, contributing 59% to the global market’s growth. The utilization of marine powerboat batteries is primarily prominent in countries with extensive shorelines, with the United States being a notable example. The North American market for marine powerboat batteries is greatly influenced by the increasing levels of disposable income and consumer confidence in the region.
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Marine Powerboats Batteries Market 2023 – 2027: Market Dynamics
Impactful driver- Rising demand for recreational boating
Key Trend – Emergence of AGM batteries
Major Challenges – The increasing sales of pre-owned boats
Marine Powerboats Batteries Market 2023 – 2027: Market Segmentation
Battery Type
Lithium-ion
Absorbent glass mat
Lead-acid
Application
Outboard
Sterndrive
Inboard
The lithium-ion segment is expected to witness substantial growth in the Marine Powerboats Batteries Market share. Lithium-ion batteries are known for their impressive energy density, enabling them to store a substantial amount of energy within a compact and lightweight design. This high energy density of lithium-ion batteries allows powerboats to employ smaller and lighter battery banks, resulting in reduced overall weight and enhanced performance.
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Related Reports:
Next Generation Batteries Market: The next-generation batteries market share should rise by USD 70.25 billion from 2022 to 2026 at a CAGR of 40.60%.
Automotive Batteries Market: The automotive batteries market is estimated to grow at a CAGR of 17.75% between 2022 and 2027. The size of the market is forecast to increase by USD 89.21 billion.
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Marine Powerboats Batteries Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.6% |
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YoY growth 2022-2023 (%) |
7.07 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Key countries |
US, China, Japan, Germany, and Norway |
TOC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Battery Type
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About US
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Contact US:
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SOURCE Technavio