Business Wire Presents the Electric Boat Market Study 2023 - Europe Becomes the Most Important Electric Boat Market


Electric motors are increasingly conquering European waters. Initially eyed critically, the quiet and climate-friendly electric boats are beginning to gain acceptance and popularity. The latest market research(1) forecasts average annual growth of 12.7 percent for electric boats until 2028 (CAGR). The analysts expect the strongest growth in Europe ahead of North America and the Asia-Pacific region(1).

What is behind the hype and how is the market for electric boats developing in the individual European countries? The new 'Electric Boat Market Study 2023' by gets to the bottom of this question. It analyzed which European countries are ahead in electric boats and in which price segments electric boats are predominantly available. The study also investigated which countries have the best supply and the most buyers.

For the study, analyzed the data of eleven leading European online sales platforms for boats that have joined forces under the umbrella of Boats Group, the leading platform for the boat trade. In total, the analysis includes the search behavior of 46 million active potential buyers, particularly across the six main European marketplaces in UK, France, Italy, Spain, Netherlands and Germany of Boats Group. The data basis on which the study is based covers the period of the past four years (2019-2023). Additionally, the boat sales on the platforms by over 4,000 brokers, dealers and Original Equipment Manufacturers were analyzed. The study is published online: Here are the key findings of the study:

1. Supply increased by 2.5 times in the last two years

Since 2021, the range of electrically powered boats on the online sales exchanges has increased two and a half times. Compared to the year 2019, the online exchanges recorded that the total electric boat listings on the platforms increased by 60 percent in 2021, 160 percent in 2022, and 190 percent in 2023.

2. The Dutch and French are particularly interested

The Google Trend Analysis reveals that interest in electric boats is not equally strong in all countries across Europe. For example, the search engine recorded a particularly high number of searches for electric boats in the Netherlands and France.

In Belgium, Sweden, the UK and Ireland, there are also comparatively many searches for electric boats.

Interest seems to be less pronounced among Spaniards and Germans at the moment. These countries are the worst performers in the search rating.

3. UK, Netherlands and Germany provide the largest supply, Italy and Spain lag behind

Most of the electric boats listed for sale on the online marketplaces have their moorings in the UK (1st place), the Netherlands (2nd place) and Germany (3rd place).

While interest is also high in the UK and the Netherlands according to Google Trend Analysis (above), a different picture emerges in Germany. There, the industry seems to be further along than the buyers: Although the country is one of the top 3 suppliers of electric boats, Germany records lower search queries for electric boats than other countries.

The southern European boating industry seems to be hesitant about electric boats. Compared to the rest of Europe, it is lagging behind in the electrification of its product range.

4. Electric boats predominantly available in the entry to medium price range

Electric boats are catching up, especially in the lower to high price segment. 38 percent of the total electric boat supply on the online exchanges is in the entry-level and mid-price segment up to 50.000 €/ £. So far, they are less common in the luxury segment, probably due to the overall increase in price sensitivity.

5. Balanced offer of new and used electric boats

The supply of new electric boats on the European online exchanges is slightly larger (57 percent) than the supply of used ones (43 percent), but overall, it is balanced. It remains to be seen how the second-hand market for e-boats will develop. It is also interesting to note that electric boats sell 40 percent faster than diesel boats on the platforms.

6. The top 5 brands on the marketplaces

The number of electric boats brands is growing. To find out which brands are particularly popular, evaluated the search behavior of buyers on the marketplaces with the conclusion that prospective buyers look at boats from Silent particularly often. Electric boats of this brand receive the most views on the online exchanges.

"The Electric Boat Market Study 2023 paints an inhomogeneous picture in Europe in terms of both demand and supply. 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. This is important, because CO2-neutral mobility on the water should be available for every boat driver" says Nadja Soergel, Managing Director Europe at Boats Group.

In conclusion the study reveals that the electric boat market is on the rise and shows no signs of slowing down. Now, Northern European countries are at the forefront of this trend, with the largest supply and interest from buyers. In response to increased interest, electric boat brands are expanding their supply. As the world becomes more environmentally conscious and people are looking for more renewable and sustainable options in terms of transportation, the global electric boat market will take off and gain significant market share in the next five years.


The study

The study is based on data collected from 2019 to 2023 from the following online marketplaces: YachtWorld,, Boats and Outboards, Boatshop24, Annonces du Bateau, Botentekoop, Botenbank, Cosas de Barcos, iNautia, Lodzie24 and The following countries were considered in the analysis: UK, France, Netherlands, Italy, Spain, Greece, Croatia, Germany, Finland, Switzerland, Austria, Portugal, Belgium, Poland, Denmark, Norway and Sweden.

About Boats Group

Boats Group's brands (Boat Trader, YachtWorld,, Cosas De Barcos, iNautia, Botentekoop, Annonces du Bateau, Boats and Outboards, Boatshop24 and Boot24) are the world's leading online marketplaces for boats by connecting the most boat buyers, sellers and manufacturers globally. For almost three decades, Boats Group has been helping its partners in the boating industry to sell their boats faster. In doing so, Boats Group provides unmatched support through a suite of seamless online solutions for the trade, including proprietary web-based contracting tools and best-in-class digital marketing strategies and services. Owned by Permira Funds, Boats Group is headquartered in Miami, in the state of Florida in the United States. The company has additional offices in Fareham, England and offices in Padua, Italy, Barcelona, Spain and Amsterdam, Netherlands.

To view this piece of content from, please give your consent at the top of this page.

Contact information

public performance | Miriam Piecuch |
T +49 ((0)40 23 80 12 83 | Mail

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire collaborates with Pexels.com24.9.2023 11:00:00 EEST | Press release

The e-commerce technology company has announced several exciting innovations for its brands and On top of the launch of interactive 2D and 3D product preview visualisations, the company is expanding its offering through a partnership with, a company, and is also making more than 12 million premium design templates available to its users. This press release features multimedia. View the full release here: Easyprint's FreeDesign tool offers over 3 million royalty-free stock photos and 12 million free design templates (Photo: Business Wire) Cooperation with In close collaboration with Pexels, a subsidiary of, Easyprint is expanding its offering to include 3 million royalty-free stock images that users can access free of charge and without restriction for their individual projects. “This partnership will allow our customers to take their creativity

SLB Announces Third-Quarter 2023 Results Conference Call22.9.2023 20:00:00 EEST | Press release

SLB (NYSE:SLB) will hold a conference call on October 20, 2023 to discuss the results for the third quarter ending September 30, 2023. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at until November 20, 2023, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outsid

Energy Dome's CO2 Battery™ to Revolutionize U.S. Energy Landscape With First Installation Slated for 202622.9.2023 18:45:00 EEST | Press release

A groundbreaking development in sustainable energy storage is on the horizon for Columbia County, Wisconsin, U.S., spearheaded by Alliant Energy in collaboration with Energy Dome and other key stakeholders. Alliant Energy has just announced its selection to receive a federal grant of up to approximately $30 million from the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for the pioneering Columbia Energy Storage Project, a proposed 200-megawatt hour energy storage system, based on Energy Dome’s signature technology: the CO2 Battery™. This visionary battery system, aptly named the “Columbia Energy Storage Project”, is poised to be a trailblazer in the United States, marking a pivotal stride towards a more sustainable, reliable, and cost-effective energy future. Claudio Spadacini, CEO of Energy Dome, declared: “I’m honored to be part of this remarkable journey alongside Alliant Energy. The Columbia Energy Storage Project marks the genesis of a new era, where the

Settlement Administrator Angeion Group Announces Proposed Settlement In U.S. Dollar LIBOR-Based Instrument Class Action22.9.2023 16:00:00 EEST | Press release

There are lawsuits impacting individuals and institutions that entered into over-the-counter financial derivative and non-derivative instruments directly with 17 banks and that received payments tied to U.S. Dollar LIBOR. A Settlement totaling $101 million has been reached with Coöperatieve Rabobank U.A. (“Rabobank”), Lloyds Banking Group plc, Lloyds Bank plc, HBOS plc, and Bank of Scotland plc (together, “Lloyds”), Royal Bank of Canada (“RBC”), and Portigon AG and Westdeutsche Immobilien Servicing AG (together “Portigon”). Earlier settlements totaling $680 million were reached with Barclays, Citibank, Deutsche Bank, HSBC, MUFG, Norinchukin, and SocGen bringing the total settlement amount to $781 million. The remaining Non-Settling Defendants include Bank of America, Credit Suisse, JPMorgan Chase, Royal Bank of Scotland, and UBS. What does the Settlement provide? The Settlement will create a Settlement Fund totaling $101 million that will be used to pay eligible Class Members who submi

Kenvue to Announce Third Quarter 2023 Results on October 26, 202322.9.2023 13:30:00 EEST | Press release

Kenvue Inc. (NYSE: KVUE) (“Kenvue”), the world’s largest pure-play consumer health company by revenue, will announce its financial results for the third quarter ending October 1, 2023, before market open on October 26, 2023. The company will host a conference call and webcast at 8:30 a.m. Eastern Time to discuss its third quarter results. The conference call can be accessed by dialing 877-407-8835 from the U.S. or 201-689-8779 from international locations. A live webcast of the conference call will be available at A replay will be available approximately two hours after the live event. About Kenvue Kenvue is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage, our iconic brands, including Aveeno®, BAND-AID® Brand Adhesive Bandages, Johnson’s®, Listerine®, Neutrogena® and Tylenol®, are science-backed and recommended by healthcare professionals around the world. At Kenvue, we believe in the extraordinary

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom