Electric boats are gaining in popularity across Europe and the latest market research by Boats.com forecasts average annual growth of 12.7% for electric boats until 2028. Analysts expect the strongest growth in Europe ahead of North America and the Asia-Pacific region.
“The Electric Boat Market Study 2023 paints an inhomogeneous picture in Europe of both demand and supply,” Nadja Soergel, managing director Europe at Boats Group, said in a statement. “In some markets we see a much higher interest and demand than in other European countries. Overall, we see a north-south divide on the supply side. We investigated that there is a large supply of electric boats in the lower and medium price segments on our platforms.”
Boats.com said the study analyzed data from eleven leading European online sales platforms. The analysis includes the search behavior of 46 million active potential buyers in the United Kingdom, France, Italy, Spain, the Netherlands and Germany. The data basis covers the last four year. Following are some highlights.
• Supply of electric boats increased by 2.5 times in the last two years. Compared to 2019, online exchanges recorded that the total electric boat listings on boats.com platforms increased by 60% in 2021, by 160% in 2022 and by 190% in 2023.
• For individual countries, the Netherlands and France lead the way for interest in electric boats in Europe with the highest number of online searches. Germany and Spain, on the other hand, showed the least interest.
• The United Kingdom, Netherlands and Germany, respectively, had the most electric boats available.
• According to the study, 38% of the total electric boat supply online is in the $54,000 or less price range.
• There are more new electric boats available online than pre-owned models and electric boats sell 40% faster than diesel-powered offerings.
