Asia Pacific Electric Boat Market Size & Outlook, 2025-2030
The electric boat market in Asia Pacific is expected to reach a projected revenue of US$ 2,038.5 million by 2030. A compound annual growth rate of 15.2% is expected of Asia Pacific electric boat market from 2025 to 2030.
Revenue, 2024 (US$M)
$897.0
Forecast, 2030 (US$M)
$2,038.5
CAGR, 2025 - 2030
15.2%
Report Coverage
Asia Pacific
Asia Pacific Electric Boat Market, 2018-2030 (US$M)
Asia Pacific electric boat market highlights
- The Asia Pacific electric boat market generated a revenue of USD 897.0 million in 2024.
- The market is expected to grow at a CAGR of 15.2% from 2025 to 2030.
- In terms of segment, leisure boats was the largest revenue generating boat type in 2024.
- Leisure Boats is the most lucrative boat type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2024 | USD 897.0 million |
| Market revenue in 2030 | USD 2,038.5 million |
| Growth rate | 15.2% (CAGR from 2025 to 2030) |
| Largest segment | Leisure boats |
| Fastest growing segment | Leisure Boats |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Leisure Boats |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 13.2% of the global electric boat market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,038.5 million by 2030.
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Publish Date: Jun 18, 2025
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Electric Boat Market Scope
Electric Boat Market segmentation & scope
Propulsion Type
Outboard Electric Propulsion
Inboard Electric Propulsion
Hybrid Propulsion
Solar-Integrated Systems
Battery Type
Lithium-ion Batteries
Lead-acid Batteries
Other Advanced Chemistries
Power Source
<10 kW
10–50 kW
50–150 kW
>150 kW
Electric Boat Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yamaha Motor Co Ltd | View profile | 65,477 | 2500, Shingai, Iwata, Shizuoka, Japan, 438-8501 | www.yamaha-motor.co.jp |
| X Shore | View profile | 51-100 | Stockholm, Stockholms Lan, Sweden, Europe | www.xshore.com |
| Volvo Penta | View profile | 1001-5000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.volvopenta.com |
| Vision Marine Technologies | View profile | 11-50 | Boisbriand, Quebec, Canada, North America | visionmarinetechnologies.com/ |
| Duffy Electric Boats | View profile | 11-50 | Adelanto, California, United States, North America | www.duffyboats.com |
| RAND Boats | View profile | 11-50 | Copenhagen, Hovedstaden, Denmark, Europe | randboats.com/ |
| SV Business Group | View profile | 11-50 | Vancouver, British Columbia, Canada, North America | www.svbg.ca |
| Electracraft | View profile | 11-50 | Westlake Village, California, United States, North America | www.electracraft.com |
| Frauscher Sensor Technology | View profile | 501-1000 | Sankt Marienkirchen, Oberosterreich, Austria, Europe | www.frauscher.com/ |
| Pure Watercraft | View profile | 51-100 | Seattle, Washington, United States, North America | www.purewatercraft.com |
Asia Pacific Electric Boat Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Boat Market Outlook will help companies and investors design strategic landscapes.
Leisure Boats was the largest segment with a revenue share of 112.16% in 2024.
Horizon Databook has segmented the Asia Pacific electric boat market based on leisure boats covering the revenue growth of each sub-segment from 2018 to 2030.
- Asia Pacific Electric Boat Market Boat Type Outlook (Revenue, USD Million , 2018-2030)
- Leisure Boats
- Fishing Boats
- Pontoon & Deck Boats
- Yachts & Cruisers
- Commercial & Utility Boats
- Asia Pacific Electric Boat Market Propulsion Type Outlook (Revenue, USD Million , 2018-2030)
- Outboard Electric Propulsion
- Inboard Electric Propulsion
- Hybrid Propulsion
- Solar-Integrated Systems
- Asia Pacific Electric Boat Market Battery Type Outlook (Revenue, USD Million , 2018-2030)
- Lithium-ion Batteries
- Lead-acid Batteries
- Other Advanced Chemistries
- Asia Pacific Electric Boat Market Power Source Outlook (Revenue, USD Million , 2018-2030)
- <10 kW
- 10–50 kW
- 50–150 kW
- >150 kW
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Electric Boat Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Electric Boat Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.