Business Wire

Boats.com Presents the Electric Boat Market Study 2023 - Europe Becomes the Most Important Electric Boat Market

Share

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 boats.com 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, boats.com 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: https://www.boatsandoutboards.co.uk/nautical/electric-boat-market-study-2023/. 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, boats.com 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.

(1) ELECTRIC BOAT AND SHIP MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028), Mordor Intelligence

The study

The study is based on data collected from 2019 to 2023 from the following online marketplaces: YachtWorld, boats.com, Boats and Outboards, Boatshop24, Annonces du Bateau, Botentekoop, Botenbank, Cosas de Barcos, iNautia, Lodzie24 and Boot24.com. 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, boats.com, 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 cts.businesswire.com, 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 mp@publicperformance.de

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

Tinnitus Research: Novel Compound AC102 Makes Constant Ear Noise Disappear in Preclinical Model3.7.2025 13:02:00 EEST | Press release

The novel compound AC102 almost completely reversed tinnitus in a preclinical model after a single dose. At the same time, the damaged connections between the auditory nerve and inner ear sensory cells were restored. These findings were recently published in the prestigious International Journal of Molecular Sciences in a joint study conducted by Erlangen University Hospital and Berlin-based drug developer AudioCure. As there is currently no causal treatment for tinnitus, there is a high medical need. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702168211/en/ In 10-20% of tinnitus cases, the noise in the ear is so severe that it significantly impairs the quality of life of those affected. (Source: AI-generated) In the current study, AC102 was administered to the middle ear of one experimental group after acoustic trauma, while a second group received a placebo. Although both groups initially showed signs of tinnitus, th

H2SITE Secures EIC Accelerator Funding to Deploy a Flagship 1 TPD Ammonia Cracker Using Membrane Reactor Technology at a Port in North-West Europe3.7.2025 09:40:00 EEST | Press release

H2SITE has been awarded the EIC (European Innovation Council) Accelerator program for a project aimed at deploying a first-of-its-kind ammonia cracking unit capable of producing 1 ton of high-purity hydrogen per day. The system is based on H2SITE’s proprietary palladium-based membrane reactor technology, which enables the simultaneous catalytic decomposition of ammonia and selective hydrogen separation within a single unit. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702142283/en/ Ammonia Cracker using Membrane Reactor Technology This breakthrough technology offers several compelling advantages over conventional ammonia cracking processes: Lowest Levelized Cost of Hydrogen (LCOH) from ammonia due to high efficiency and integrated operation Reduced energy consumption, operating at significantly lower temperatures (400–450 °C) than traditional cracking methods (typically 600–800 °C) High-purity hydrogen output, compliant

ISDA and Ant International Lead New Industry Report on Use of Tokenised Bank Liabilities for FX Settlement and Cross-Border Payments Under Project Guardian3.7.2025 09:00:00 EEST | Press release

The International Swaps and Derivatives Association (ISDA) and Ant International led the Project Guardian FX industry group to develop a new report for implementing tokenised bank liabilities and shared ledger in cross-border payments and foreign exchange (FX) settlement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702791535/en/ Report on Use of Tokenised Bank Liabilities for Transaction Banking by ISDA and Ant International, under the Monetary Authority of Singapore's (MAS) Project Guardian The joint report is produced under the Monetary Authority of Singapore's (MAS) Project Guardian, a global collaboration between policymakers and key industry players to enhance liquidity and efficiency of financial markets through asset tokenisation. ISDA and Ant International are members of the industry group and lead the FX workstream to develop FX data specifications, risk management frameworks and FX documentation. Other contri

Curve Pay and Thales Join Forces to Securely Transform Digital Wallets on iPhone3.7.2025 09:00:00 EEST | Press release

Curve, the ultimate digital wallet, today announced deepening its collaboration with Thales, the global leader in advanced technologies, delivering secure modern payment solutions for financial institutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702696837/en/ Thales D1 Platform to power CURVE PAY (Photo: Thales) This partnership comes on the back of Curve launching Curve Pay on iOS, marking a watershed moment in mobile payments. This partnership is a significant step to reshaping everyday spending, allowing Curve customers to benefit from NFC payment directly in the Curve App for contactless payments in store for all end-users on iOS and Android. Curve Pay is underpinned by Thales’ D1 platform on iOS and Android in Europe which allows customers to digitize a payment card through a mobile wallet. The cloud-based D1 platform operates in real time, enabling seamless integration with existing systems to deliver secur

Medimaps Group Launches In Europe TBS Osteo Next-Generation Software For Advanced Bone Microarchitecture Assessment3.7.2025 09:00:00 EEST | Press release

Medimaps Group S.A., a global leader in AI-driven bone microarchitecture imaging solutions, announces the European launch of its MDR-cleared next-generation TBS Osteo Advanced software. Following the product launch in the United States last month, this next milestone reflects the company's commitment to advancing osteoporosis detection and bone health management worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250702082335/en/ Medimaps' TBS Osteo next-generation software The TBS Osteo Advanced software delivers refined correction for soft tissue thickness anterior to the lumbar spine, ensuring inclusivity of TBS assessment across a wide range of body phenotypes. It also introduces new system management capabilities, allowing hospitals and healthcare networks to centrally manage the TBS software on their DXA systems fleet, and to standardize workflows across multiple locations. These improvements enhance operational

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
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye