What is Hybrid Boats Market?
A hybrid boat is a boat that has an internal combustion engine anyway, then its alternator will provide a significant charge when it is running. These future generation boats provide greater eco-efficiency, superior comfort, and innovative technology. Combining environmentally friendly production and sophisticated design, Hybrid Boats will ensure your investment will minimize the impact on the environment without compromising on the quality of your boat or your experience on the water.
The market study is being classified by Type (Diesel & Battery-driven and LPG/LNG & Battery-driven), by Application (Sport, Fishing and Others) and major geographies with country level break-up.
Bavaria Motorboats (Germany), ETHOS (United States), Greenline Yachts (Slovenia), LUXURY SEA(FRANCE), Wartsila (Finland), General Dynamics Electric Boat (United States),, Paritetboat (Russia) and Kongsberg (Norway) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Hybrid Boats market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Hybrid Boats market by Type, Application and Region.
On the basis of geography, the market of Hybrid Boats has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth in Adoption of Hybrid Boats Technologies for Retrofitting Ships
- Growing Seaborne Trade Across the Globe
Market Trend
- Growing investments by shipbuilders in hybrid boats,
Restraints
- Fluctuated price of raw material
Opportunities
- The Asia Pacific region countries such as India, China, Japan, and others remain the largest hybrid boats growing
Challenges
- Substitute available in the market
- High Initial Capital Expenditure Cost
Market Leaders and some development strategies
In July 2019 Nautical Hybrid Tech, Zepter Group, and Hopafi Holding srl has announced their purchases of WIDER Yachts. The deal should mark the beginning of a new era for the Wider brand. By aiming to continue the leadership in hybrid motor yachting, boosting innovation and research in all the yachts to come.
In February 2020 NauticStar instigated 191 Hybrid with new hull design at Miami International Boat Show 2020. NauticStar announces the debuted of its 191 Hybrid at the 2020 Miami Boat Show. Combining high-end design and affordability, the 191 Hybrid, features a newly designed hull ideal for handling choppy waters.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hybrid Boat Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry