U.S. Electric Boat Market Summary
The U.S. electric boat market size was estimated at USD 2.49 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2030. The market is driven by a combination of environmental awareness, consumer demand for sustainable recreational options, and supportive policies aimed at reducing emissions in the maritime sector. With the country hosting one of the world’s largest recreational boating industries, there is a growing shift among boat owners, marina operators, and charter businesses toward cleaner alternatives. The increasing emphasis on decarbonizing transportation, along with the availability of government incentives for electric mobility, is encouraging both manufacturers and consumers to transition to electric-powered boats.Technological advancements are playing a pivotal role in the evolution of the electric boat market in the U.S. Innovations in battery technology, particularly the development of high-capacity, fast-charging lithium-ion batteries, are extending the range and reducing charging times for electric boats. Furthermore, the integration of smart navigation systems, onboard energy management tools, and solar charging capabilities is enhancing the performance and appeal of electric boats. Companies are also exploring the use of lightweight composite materials to improve energy efficiency. These innovations improve user experience and address core challenges such as range anxiety and charging convenience.
Investment activity in the U.S. electric boat market is accelerating as both established marine manufacturers and startups enter the space. Prominent companies such as Brunswick Corporation and Vision Marine Technologies are allocating significant resources to develop new electric boat models and expand their production capabilities. In addition, venture capital and private equity firms are backing startups focusing on battery systems, marine electric drivetrains, and charging infrastructure. Public and private marinas are also investing in dockside charging stations, particularly in high-traffic recreational boating areas such as the Great Lakes, Florida, and the Pacific Northwest.
The regulatory landscape in the U.S. increasingly supports electric boating, although it varies by state and locality. Through the Environmental Protection Agency (EPA) and the Department of Energy (DOE), the federal government promotes cleaner marine transportation via grants and research funding. States such as California and New York are implementing stricter emissions regulations for internal combustion engine (ICE) boats and providing incentives for electric alternatives. In some regions, policies are being introduced to phase out gas-powered motors on certain lakes or waterways, further boosting demand for electric options. These regulations are helping to standardize the market and accelerate adoption.
Despite its growth potential, the U.S. electric boat market faces several restraints. High upfront costs associated with electric boat purchase and infrastructure installation remain a significant barrier for many consumers. Limited charging infrastructure, particularly outside of major boating hubs, also hampers broader adoption. In addition, range limitations and longer charging times compared to refueling traditional gas-powered boats can deter potential buyers. Some consumers also remain hesitant due to a lack of awareness or misconceptions about the performance and durability of electric boats. Overcoming these barriers will require continued technological innovation, greater infrastructure investment, and targeted consumer education.
U.S. Electric Boat Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the U.S. electric boat market report based on boat type, propulsion type, battery type, and power source.Boat Type Outlook (Revenue, USD Million, 2018 - 2030)
- Leisure Boats
- Fishing Boats
- Pontoon & Deck Boats
- Yachts & Cruisers
- Commercial & Utility Boats
Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
- Outboard Electric Propulsion
- Inboard Electric Propulsion
- Hybrid Propulsion
- Solar-Integrated Systems
Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium-ion Batteries
- Lead-acid Batteries
- Other Advanced Chemistries
Power Source Outlook (Revenue, USD Million, 2018 - 2030)
- < 10 kW
- 10-50 kW
- 50-150 kW
- >150 kW
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Electric Boat Market Variables, Trends, & Scope
Chapter 4. U.S. Electric Boat Market: Boat Type Estimates & Trend Analysis
Chapter 5. U.S. Electric Boat Market: Propulsion Type Estimates & Trend Analysis
Chapter 6. U.S. Electric Boat Market: By Battery Type Estimates & Trend Analysis
Chapter 7. U.S. Electric Boat Market: By Power Source Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Pure Watercraft
- Vision Marine Technologies Inc.
- Ingenity Electric
- Torqeedo GmbH
- Flux Marine
- Navier Boats
- Correct Craft
- X Shore AB
- AB Volvo Penta
- Arc Boats
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | June 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 2.49 Billion |
Forecasted Market Value ( USD | $ 5.32 Billion |
Compound Annual Growth Rate | 14.0% |
Regions Covered | United States |
No. of Companies Mentioned | 10 |