Gitnux/Report 2026

Electric Boat Industry Statistics

Electric Boat’s throughput meets real-world friction, from 86% of complex submarine supply-chain elements coming from specialized global suppliers to a 45% share of major shipbuilding projects slipping because of integration and supply-chain issues. For operators and planners, the 2023 target of 12 SSBNs at sea at policy level and the cost and schedule impacts behind nuclear sustainment collide with modern industry signals like 19% lower rework from digital quality practices, workforce shortages, and energy intensity gains, showing exactly where procurement, labor, and delivery timelines are won or lost.
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November 11, 2026Updated
Electric Boat Industry Statistics
Lars EriksenWritten by Lars Eriksen·Edited by David Kowalski·Fact-checked by Olivia Thornton
Published ·Updated
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electric boat industry at a glance

The global electric boat market was estimated at $7.82 billion in 2025 and is entering a high-growth phase, although premium pricing, charging infrastructure and limited range still constrain mass adoption.

$7.82B[80]
Global market size, 2025
13.74%[80]
Forecast CAGR, 2026–2034
38%[81]
Europe market share, 2025
42.1%[23]
Leisure segment share, 2024
Market size
Estimates differ by market definition: Fortune Business Insights valued the global electric boat market at $7.82 billion in 2025, while Grand View Research estimated the narrower market at $6.78 billion in 2024. The difference reflects varying treatment of hybrid vessels, commercial craft and related marine systems.[80][23]
Forecast & CAGR
Fortune Business Insights forecasts growth from $8.9 billion in 2026 to $24.94 billion in 2034, representing a 13.74% CAGR. Grand View Research projects $14.09 billion by 2030 and a 13.5% CAGR for 2025–2030.[80][23]
Market share & regions
Europe accounted for 38% of the global electric boats market in 2025 according to Straits Research. Fortune Business Insights reported North America as the leading region in 2025 with a 34% revenue share, indicating that regional rankings vary with market scope and methodology.[81][80]
Segmentation
Leisure boats were the largest boat-type segment in Grand View Research’s 2024 market estimate, accounting for 42.1% of revenue. The market is also segmented by pure-electric versus hybrid propulsion, lithium-ion and other battery chemistries, and passenger, cargo and other applications.[23][80]
Key players & concentration
The industry remains fragmented across boat manufacturers, propulsion suppliers and hydrofoil developers. Companies identified in published market coverage include Candela, Duffy Electric Boat, Rand Boats, Vision Marine Technologies, Quadrofoil, Aquawatt and Ruban Bleu; no reliable public source reviewed provides a consolidated global concentration ratio.[82][25]
Pricing
Electric boats remain concentrated in premium price tiers. Arc lists the all-electric 23-foot Arc Sport from $268,000, while Candela listed the C-8 Polestar Edition from €400,000 or $450,000; these are product prices rather than industry-wide averages.[18][35]
Trends, drivers & challenges
Growth is being driven by marine-emissions reduction, lower operating and maintenance costs, quieter operation, battery improvements and public-transport electrification. The principal constraints cited by market studies are high upfront costs, limited charging infrastructure, range concerns and the weight and cost of batteries.[23][80]
Consumer behavior & competition
Demand is strongest in leisure boating and short-route commercial applications, where buyers can use overnight charging and value low noise and reduced maintenance. The wider U.S. recreational market remained price-sensitive in 2025: NMMA reported 156,754 new powerboat sales, while electric-specific unit sales were not publicly reported in the source reviewed.[68][18]
M&A
Vision Marine Technologies announced the acquisition of Nautical Ventures Group in June 2025, combining its high-voltage electric powertrain with a U.S. dealership, marina and service network. The transaction was presented as creating an integrated electric-propulsion manufacturing, retail and service platform.[25]
Regulation
European Union policy allows member states to exempt or reduce energy taxation on electricity used to charge electric or hybrid vessels operating on inland waterways, excluding private pleasure craft. Italy also notified a 2025 regulation covering systems used for electric propulsion on recreational craft.[83][84]
Latest news
Recent industry developments include Vessev’s reported $19 million Series A funding round for electric hydrofoil boats and REGENT’s first crewed flight of its electric Viceroy seaglider in September 2026. These developments show that competition is expanding beyond conventional leisure boats into hydrofoils and coastal passenger transport.[85][86]

02 Ranking

Top 10 Companies in the Electric Boat Industry

The leading companies in the electric boat industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Thanks to Artemis Technologies’ 100% electric hydrofoiling vessels for passenger and workboat markets, it stands out for hydrofoiling across boat classes, while Arc Boats’ electric recreational base and scaling into electric tugboats and commercial vessels highlight diversification into commercial craft as it moves beyond leisure.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in electric hydrofoil vessels

    Artemis Technologies

    GB

    Ranked #1 · 9.2 · Electric hydrofoil vessels

    Why we picked it: Its electric hydrofoil focus targets passenger and workboat applications using 100% electric vessels.

    See in ranking ↓Visit artemistechnologies.co.uk ↗

  2. Leader in electric recreational and commercial boats

    Arc

    US

    Ranked #2 · 9.1 · Electric recreational and commercial boats

    Why we picked it: It covers electric recreational boats and expands into electric tugboats and commercial vessels.

    See in ranking ↓Visit arcboats.com ↗

  3. #3 overall

    Candela

    SE

    Ranked #3 · 9.1 · Electric hydrofoil vessels

    Why we picked it: Its P-12 is the first serial-production electric hydrofoil ferry, scheduled for public service.

    See in ranking ↓Visit candela.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 10 companies in the electric boat industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Artemis Technologies

Electric hydrofoil vessels · GB

9.2
2

Arc

Electric recreational and commercial boats · US

9.1
3

Candela

Electric hydrofoil vessels · SE

9.1
4

ePropulsion

Electric outboards, inboards and marine systems · CN

8.8
5

Vision Marine Technologies

Electric recreational and commercial boats · CA

8.8
6

Evoy Vita

High-output electric boat propulsion systems · NO

8.5
7

Navier

Electric hydrofoil boats and coastal vessels · US

8.4
8

Flux Marine

Electric outboards and integrated boat packages · US

8.2
9

X Shore

Fully electric recreational and professional boats · SE

8.0
10

Duffy Electric Boat

Electric harbor and leisure boats · US

7.8

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Lars Eriksen. (2026, February 13). Top 10 companies in the electric boat industry. In Electric Boat Industry Statistics. Gitnux. https://gitnux.org/electric-boat-industry-statistics/#top-companies

report visual · Comparison

Electric boats market revenue share by region

Europe holds the largest share at 42.2%.

Europe42.2%
North America30.9%
Asia Pacific19.3%
Latin America4.6%
Middle East and Africa3%
source-verifiedpmarketresearch.com

04 Statistics

Technology & Innovation

We see analytics and autonomy signals alongside propulsion R&D: 1,380 marine electric-propulsion technology findings were analyzed in 2026, and autonomy definitions rose to 58% fully autonomous in 2026.

AI in the electric boat industry

  • 1,380 marine electric-propulsion technology findings were analyzed in 2026, including research on embedded control software and advanced motor architectures relevant to AI-enabled vessels.[1]
  • AI features are part of Brunswick’s Boating Intelligence initiative, supporting autonomous docking and marine virtual agents in the United States in 2024.[2]

Automation in the electric boat industry

  • More than 1,000 nautical miles were navigated autonomously by Damen tug Nellie Bly during a 13-day voyage around Denmark and Germany.[3]
  • 58% of autonomous-shipping survey respondents defined autonomy as fully autonomous in 2026, double the 29% recorded in 2025 globally.[4]

Digital Transformation in the transportation and logistics sector (sector benchmark)

  • Among global logistics decision-makers, 63% expected digitalization to enhance customer experience in 2025.[5]
  • Across surveyed freight forwarders and logistics providers, 23% had digitized more than 75% of business processes or transactions in November 2024.[6]
  • Among global logistics decision-makers, 51% identified high costs as a challenge to digitalizing logistics operations in 2025.[5]
  • Among global logistics decision-makers, 69% expected digitalization to improve efficiency in 2025.[5]
  • Across surveyed freight forwarders and logistics providers, 49% had digitized 50% or fewer of business processes or transactions in November 2024.[6]

Technology Adoption in the transportation and logistics sector (sector benchmark)

  • Across transportation and logistics executives surveyed in Europe and North America, 44% were using AI for transportation planning and optimization in 2025.[7]
  • Across transportation and logistics organizations, 53% were partially or fully deploying AI to reduce workloads in 2024.[8]
  • Among 2026 transportation-management survey respondents, 15% of logistics service providers reported using AI at scale.[8]
  • Among 2026 transportation-management survey respondents, 19% of shippers reported using AI at scale.[8]
  • Across transportation and logistics organizations, 53% were partially or fully deploying automated real-time shipment tracking to address knowledge-worker shortages in 2024.[8]

Cloud Computing in the transportation and logistics sector (sector benchmark)

  • Across travel, transportation and logistics companies surveyed globally, 75% said cloud was crucial to their organization’s future in 2023.[9]
  • Across travel, transportation and logistics companies surveyed globally, 85% said leadership viewed cloud as a long-term investment in 2023.[9]
  • Across travel, transportation and logistics companies surveyed globally, 84% had increased AI and machine-learning investment during the preceding one to two years.[9]
  • Across travel, transportation and logistics companies surveyed globally, 89% planned to increase AI and machine-learning investment during the following one to two years.[9]

Big Data in the transportation and logistics sector (sector benchmark)

  • 45% of surveyed multinational logistics and supply-chain organizations said in 2024 that they were using logistics data to its full potential, according to a survey of 60 organizations.[10]
  • Among global logistics decision-makers, 34% identified data analytics, including cloud platforms and AI-powered solutions, as the most critical technology in 2025.[5]
  • Among global logistics decision-makers, 49% expected digitalization to improve data visibility in 2025.[5]
  • 9.5% of transportation and storage enterprises used big-data analytics alone in the OECD’s 2026 cross-sector comparison, based on the latest available enterprise data.[11]
  • 12.5% of transportation and storage enterprises used both cloud computing and big-data analytics, according to the OECD’s 2026 sectoral comparison of enterprise technology adoption.[11]
  • 38% of surveyed GCC logistics organizations used structured data, while 20% recognized a systematic link between data and business insights, according to a 2023 study.[4]

IoT in the transportation and logistics sector (sector benchmark)

  • 53% of surveyed supply-chain professionals were using IoT devices for real-time shipment tracking in 2024, up from 25% in 2023.[12]
  • Among global logistics decision-makers, 23% identified IoT as the most critical technology in 2025.[5]
  • 48% of transport-sector respondents had adopted vehicular tracking and route optimization in 2024, according to Viasat’s State of IoT survey.[13]
  • 72% of transport and logistics businesses had fully deployed at least one IoT project in 2021, while 29% had completed a deployment during the preceding 12 months.[14]
  • 72% of surveyed transportation respondents said they currently had IoT deployed for fleet management in Verizon’s 2025 IoT market survey.[15]
  • 88% of surveyed transport respondents had developed or were developing an IoT strategy in 2024, up from 46% with a completed formal strategy in 2021.[13]

05 Statistics

Data & Analytics

We find dense onboard telemetry and fast control loops. Navier N30 flight-control updates run at 50 times per second, and Evoy describes 500 onboard data points in its electric-boat data-aggregation system.

Business intelligence in the electric boat industry

  • 500 data points are monitored on an electric boat in the data-aggregation approach described by Evoy’s chief executive.[16]
  • 3 commercial roles—recreational, commercial and defense—are explicitly addressed by the Navier N30 platform’s product strategy.[17]
  • 2 motors provide the Navier N30’s independent propulsion redundancy, supporting operational decision-making and reliability monitoring.[17]
  • 50 times per second is the Navier N30 flight-control software’s stated sensor-feedback update rate.[17]

Data analytics in the electric boat industry

  • 45 minutes is the Navier N30’s stated DC fast-charge time on the company’s platform overview.[17]
  • 232 kWh is the Arc Sport battery capacity monitored through the boat’s battery-management and range systems.[18]
  • 70 nautical miles is the Navier N30 range calculated at a 20-knot cruising speed in the company’s published specifications.[17]
  • 50 control updates per second are generated by Navier N30 flight-control software from continuous sensor feedback.[17]
  • 500 onboard data points are monitored in Evoy’s described electric-boat data-aggregation and analysis system.[16]
  • 30 MPGe is the published Navier N30 efficiency figure for its electric hydrofoil platform.[17]

Data Quality in the transportation and logistics sector (sector benchmark)

  • Across transportation and logistics shippers, 33% identified data quality as a top barrier to scaling artificial intelligence in 2026.[8]
  • Across supply management organizations, 33% rated their data-security ability as very high for assuring data quality in 2024.[19]
  • Across supply management organizations, 49% rated their data quality as good or excellent in 2024.[19]
  • Across supply management organizations, 67% said their data quality was better or significantly better than two years earlier in 2024.[19]

Data Governance in the transportation and logistics sector (sector benchmark)

  • Across supply management organizations with a data-governance function, 47% housed it in a center of excellence in 2024.[19]
  • Across supply management organizations with a data-governance program, 81% found the program useful in 2024.[19]
  • Across supply management organizations, 61% had a dedicated data-governance function in 2024.[19]
  • 39% of 3PL respondents said their supply chain governance maturity was running in place, with no noticeable progress, in the 2024 global survey.[20]
  • 42.8% of airlines surveyed worldwide considered themselves to be in the early stages of data-strategy implementation in the IATA 2024 survey.[21]
  • 19% of shipper respondents said their supply chain governance maturity was running ahead, meaning proactive and predictable, in the 2024 global survey.[20]

KPIs in the electric boat industry

  • 31.1 metric tons of five-year avoided CO2 emissions is Arc’s published sustainability KPI for the average Arc Sport owner.[18]
  • 70 nautical miles at 20 knots is the Navier N30 range KPI published for standard configuration.[17]
  • 4–6 hours of mixed-use battery endurance is Arc Sport’s stated operating KPI for a typical day on the water.[18]
  • More than 24 hours of low-speed cruising is Arc Sport’s stated endurance under low-energy operating conditions.[18]
  • 80% minimum battery capacity after five years is Arc Sport’s principal battery-retention warranty KPI.[18]
  • $21,715 of five-year fuel savings is Arc’s published ownership-cost KPI for the average Arc Sport owner.[18]

06 Statistics

Strategy & Growth

We track supply growth and scaling through reported production and market forecasts. Vision Marine manufactured 45 electric powerboats in fiscal 2024 versus 20 in fiscal 2025, while Fortune Business Insights forecasts $8.9 billion in 2026 rising to $24.94 billion by 2034.

Growth in the electric boat industry

  • 10.6% was the projected compound annual growth rate for the electric-boat market from 2026 to 2030 in another 2026 market forecast.[22]
  • $6.16 billion was the forecast global electric-boat market value for 2026 in The Business Research Company’s report.[22]
  • $14.09 billion was the projected global electric-boat market value for 2030 in Grand View Research’s forecast.[23]
  • 2.5 times was the increase in electric-boat supply on six European online marketplaces between 2021 and 2023.[24]
  • 45 electric powerboats were manufactured by Vision Marine in fiscal 2024, compared with 20 in fiscal 2025.[25]
  • 13.5% was the projected compound annual growth rate for the global electric-boat market from 2025 to 2030.[23]

Differentiation in the electric boat industry

  • 50 nautical miles was the stated low-speed range of the AXE-EVO electric boat using Evoy propulsion.[26]
  • 36 knots was the stated top speed of the AXE-EVO electric boat using Evoy propulsion.[26]
  • 23.5 knots was the median published top speed among European electric-boat models counted in October 2026.[27]
  • 12 people was the stated passenger capacity of Arc’s Arc One electric boat.[3]
  • 500 horsepower was the output specified for Arc’s Arc One electric boat.[3]
  • 126 verified awards were recorded across 73 electric or hybrid-electric boat models in a 2026 European catalogue.[28]

Mergers and acquisitions in the electric boat industry

  • 100% of Nautical Ventures Group was acquired by Vision Marine in June 2025.[25]
  • 25% was General Motors’ ownership stake acquired in Pure Watercraft in 2021.[29]
  • 1 electric boat rental company, EB Rental, was acquired by Vision Marine in 2021.[30]
  • 100% of Torqeedo was acquired by Yamaha Motor from DEUTZ in 2024.[31]
  • 34 acquisitions were completed by OneWater Marine between its 2014 combination and September 30, 2024.[25]

Strategic partnerships in the electric boat industry

  • 1 dedicated electric-boating hub was proposed for Île Sainte-Hélène through Vision Marine’s initiative with Port de Plaisance La Ronde.[25]
  • 25% was General Motors’ equity stake in Pure Watercraft under their electric-marine collaboration.[29]
  • 2027 was the target year for ePropulsion’s extended partnership with SailGP to continue through the 2026 and 2027 seasons.[32]
  • 50% was each partner’s ownership share in the E-Lektra Marine joint venture formed by Groupe Beneteau and Fountaine Pajot in 2026.[33]
  • 2027 was the planned delivery year for Jacobsen Pilot Service’s Artemis EF-12 electric hydrofoil pilot boat.[34]
  • 8 electric hydrofoil ships were included in Candela’s initial commercial order from NEOM in Saudi Arabia.[35]

07 Statistics

People & Workforce

We see production scaling reflected in headcount and hiring. Candela expected about 400 employees in 2023, rising from about 60 a year earlier.

Hiring in the electric boat industry

  • About 400 employees were expected at Candela in 2023 as the Swedish electric-boat maker scaled production, up from about 60 a year earlier.[36]
  • 25 open positions were listed by electric-boat manufacturer Arc Boat Company in the United States in 2026.[37]
  • 250+ employees worked at electric-boat manufacturer Candela in Sweden in 2026.[38]

Remote Work in the transportation and logistics sector (sector benchmark)

  • Among U.S. transportation, logistics, supply-chain and storage hires, 17.0% of hires at small companies were remote during the year ending September 2024.[39]
  • In the U.S. transportation and warehousing industry, 13.9% of wage and salary employees worked from home in January 2025.[40]
  • Across U.S. transportation and utilities occupations, about 11% of workers worked remotely at least sometimes from October 2023 through September 2024.[41]
  • Across U.S. transportation and utilities, 20.3% of workers could work from home in 2024–2025, while 18.6% actually did so, according to annual averages.[42]

Hybrid Work in the transportation and logistics sector (sector benchmark)

  • Across transportation and logistics companies surveyed globally, 42% reported a hybrid work arrangement in 2025.[43]
  • Among transportation employers surveyed for the U.S. Job Outlook, 33.3% reported fully hybrid work arrangements in 2024.[44]
  • Globally, 25% of engaged employees were working in hybrid arrangements in 2025, compared with 30% of exclusively remote employees and 17% of on-site, non-remote-capable employees.[45]
  • Among U.S. remote-capable employees, 54% worked hybrid schedules in August 2026.[45]

Upskilling in the electric boat industry

  • More than 4,000 General Dynamics employees received hands-on training annually through Active Learning Centers in 2024.[46]
  • More than 300 interns joined Electric Boat each summer for hands-on engineering, business-support and workforce-development experience in the United States in 2026.[47]
  • 700 students completed a manufacturing training program in one recent six-month period for Electric Boat-related jobs, up from 300 in the preceding period.[48]

Employee Engagement in the transportation and logistics sector (sector benchmark)

  • Across Asia-Pacific transport and logistics organizations, 62% of employees were actively engaged, based on feedback from 30,116 employees in 24 surveys.[49]
  • In U.S. logistics, 40% of frontline workers wanted to quit in 2024, according to a survey of 500 logistics employees.[50]
  • Globally, 20% of employees were engaged at work in 2025, while 16% were actively disengaged.[45]
  • In U.S. logistics, 71% of frontline workers reported workplace stress in 2024.[50]
  • In U.S. logistics, more than 60% of frontline workers considered their roles long-term career commitments in 2024.[50]

DEI in the electric boat industry

  • Electric Boat’s minority workforce increased 11% in 2021, while its Hispanic workforce increased 19%.[51]
  • Women held 16% of senior-leadership positions at General Dynamics Electric Boat in 2021.[51]

Change Management in the transportation and logistics sector (sector benchmark)

  • Among surveyed shippers, 58% reported using a structured change-management framework in the 2025 Third-Party Logistics Study.[52]
  • Across supply-chain organizations, only 15% of digital initiatives achieved at least 90% of their targeted benefits in Gartner research published in 2024.[53]
  • Among shippers using a change-management approach, 44% reported using one of the named frameworks surveyed in 2025.[52]
  • Among surveyed third-party logistics providers, 76% reported using a structured change-management framework in the 2025 Third-Party Logistics Study.[52]
  • Across large logistics organizations, 76% of transformation initiatives failed to meet critical budget, timeline or KPI metrics in a global survey conducted in late 2023.[53]

08 Statistics

Customer & Sales

We see quiet and emissions as recurring purchase drivers, with uptake still early. In 2022, 54% of U.S. marine consumers rated quiet engines among the most appealing features, while only 16% were immediately looking to buy an electric boat in 2022.

Customer experience in the electric boat industry

  • 54% of U.S. marine consumers rated quiet engines among the most appealing features of electric boats in 2022.[54]
  • 54% of U.S. boat owners surveyed would consider an electric boat if they were shopping for a new vessel in 2025.[55]
  • 46% of U.S. marine consumers rated lower emissions among the most appealing features of electric boats in 2022.[54]
  • 47% of U.S. marine consumers rated fuel savings among the most appealing features of electric boats in 2022.[54]

Customer acquisition in the electric boat industry

  • 16% of surveyed boat shoppers said they were immediately looking to buy an electric boat in 2022.[54]
  • 32 electric boats comprised X Shore’s largest single order, signed with M Yachts for delivery in Germany, Austria and Switzerland in 2024.[56]
  • 19% of surveyed boat shoppers expected to buy an electric boat within two to five years in 2022.[54]
  • 27% of surveyed boat shoppers were exclusively searching for a gas-powered boat in 2022.[54]
  • 33% of surveyed boat shoppers were considering both gas-powered and electric boats for their next purchase in 2022.[54]

Lead generation in the electric boat industry

  • 37% of surveyed marine consumers said having more electric-boat models to choose from would change their minds about buying electric in 2022.[54]
  • 43% of surveyed marine consumers said electric-boat owner testimonials would be persuasive in overcoming reluctance to buy in 2022.[54]
  • 34% of surveyed marine consumers said seeing more people with electric boats would make them more likely to consider buying one in 2022.[54]
  • 36% of surveyed marine consumers said informative electric-boat videos would be persuasive in overcoming purchase reluctance in 2022.[54]
  • 42% of surveyed marine consumers said informative electric-boat articles would be persuasive in overcoming reluctance to buy in 2022.[54]

09 Statistics

Marketing & Brand

We see evidence-based messaging preferences for electric boating demand. In 2022, 43% of surveyed marine consumers cited owner testimonials as the most effective way to overcome purchase reluctance.

Marketing in the electric boat industry

  • 42% of surveyed marine consumers identified informative electric-boat articles as an effective marketing approach for overcoming purchase reluctance in 2022.[57]
  • 43% of surveyed marine consumers identified electric-boat owner testimonials as the most effective marketing approach for overcoming purchase reluctance in 2022.[57]

Influencer Marketing in the transportation and logistics sector (sector benchmark)

  • 55% of B2B companies used influencers in 2025, according to a global survey of marketing decision-makers.[58]
  • 49% of B2B marketers selected industry relevance as a criterion for choosing influencers in 2025, globally.[58]
  • 53% of U.S. B2B marketers reported a growing dedicated influencer-marketing budget in 2024 survey data.[59]
  • 58% of B2B marketers selected authenticity and credibility as criteria for choosing influencers in 2025, globally.[58]
  • 29% of B2B companies planned to adopt influencer marketing within the following year in 2025, globally.[58]

10 Statistics

Operations & Execution

We see reported operating cost and efficiency claims tied to control and energy management. Vision Marine recorded 96%+ powertrain efficiency for its electric outboard system in 2025 reporting, compared with 54% for a principal competitor.

Process optimization in the electric boat industry

  • 24 boat platforms represented approximately 80% of Nautical Ventures’ inventory integration coverage for Vision Marine’s electric technology in 2025.[25]
  • 80% lower energy consumption was reported for Candela’s computer-controlled hydrofoil ferry compared with conventional vessels, based on 2024 operating information from Stockholm, Sweden.[36]
  • 32 C-7 electric hydrofoil boats had been delivered by Candela before the model was discontinued, according to company information published in 2025.[38]
  • 6.3 meters was the length of Bella Boats’ ZERO electric boat model launched in 2021, illustrating a standardized small-craft production format in Finland.[3]
  • 96%+ powertrain efficiency was recorded by Vision Marine for its electric outboard system, compared with 54% for a principal competitor, in Canada/United States reporting in 2025.[30]

Operational efficiency in the electric boat industry

  • 30 years was the operating-life horizon used in comparisons showing lower lifetime operating costs for battery-electric ferries despite higher initial build costs.[3]
  • 61 of Norway’s 112 diesel-ferry routes were assessed by Siemens as potentially replaceable by electric ferries with a five-year payback period.[3]
  • 95% lower running costs were claimed for Candela’s electric hydrofoil speedboats compared with combustion-engine boats in company-reported operating comparisons.[60]
  • 4 hours is the approximate full-charge time for Candela’s C-8 using its 11 kW AC charging system.[35]
  • 15–30% fuel savings were reported for a vessel using a 653 kWh battery for dynamic-positioning reserve and load management.[3]

Quality management in the electric boat industry

  • 100 Wh/kg to 265 Wh/kg was the reported specific-energy range for lithium-ion batteries used in electric boat propulsion projects in the United Kingdom.[61]
  • 250 W/kg to 340 W/kg was the reported specific-power range for lithium-ion batteries used in electric boat propulsion projects in the United Kingdom.[61]
  • 1,000 kWh was the upper end of the typical lithium marine-battery cost range reported for electric propulsion projects in the United Kingdom in 2022, reflecting enclosure and battery-management requirements.[61]

Supply chain in the electric boat industry

  • 12–18 months was the reported advance-ordering period recommended for U.S. fleet operators facing marine-certified battery-cell lead times.[62]
  • $9.7 million in inventory and supplier deposits was disclosed by Vision Marine’s Nautical Ventures platform in May 2025.[25]
  • 18–24 months was the expected certification period for U.S. domestic marine-battery supply from facilities under construction.[62]
  • 2028–2029 was the expected timeframe for expanded U.S. domestic availability of certified marine battery cells from announced facilities.[62]
  • 35–45% of total marine battery-system cost was attributed to cells in the United States in 2026.[62]

Outsourcing / Offshoring in the transportation and logistics sector (sector benchmark)

  • Across surveyed logistics companies in Germany, the rest of Europe and Latin America, 65% expected outsourcing to continue increasing in 2026.[63]
  • Across surveyed logistics companies in Germany, the rest of Europe and Latin America, 57% planned outsourcing projects in warehousing in 2026.[63]
  • Across surveyed logistics companies in Germany, the rest of Europe and Latin America, about 60% had fully outsourced transportation services in 2026.[63]
  • Across surveyed logistics companies in Germany, the rest of Europe and Latin America, 25% had fully outsourced warehouse operations in 2026.[63]

11 Statistics

Finance & Pricing

We see battery pricing ranges and provider financial signals. UK lithium marine batteries were reported at £100–1,000 per kWh in 2022, while Vision Marine reported $13.83 million total revenue in fiscal 2025.

Pricing strategy in the electric boat industry

  • £100–1,000 per kWh was the reported price range for lithium marine batteries used in electric boat propulsion in the United Kingdom in 2022.[61]
  • $550–800 per kWh was the reported U.S. price range for NMC full-electric marine battery systems in 2026.[62]
  • €300 per kWh was the estimated 2025 price of a marine battery pack used in electric-ferry cost modelling in Europe.[64]
  • More than SEK 4 million was the reported 2026 price of a Candela electric passenger boat, while a fossil-fuel equivalent cost less than half as much in Sweden.[65]
  • $331 per kWh was the estimated 2022 maritime lithium-ion battery cost in Australian-dollar terms in a vessel-electrification study.[66]

Cost reduction in the electric boat industry

  • 33% was Vision Marine’s reduction in operating expenses in fiscal 2024 compared with fiscal 2023, as reported in its annual filing.[25]
  • $1,355 per kWh was the estimated 2008 lithium-ion battery-pack cost used as the historical baseline in a maritime battery-cost study.[66]
  • $153 per kWh was the estimated 2022 electric-vehicle lithium-ion battery-pack cost at production volumes of at least 100,000 units per year.[66]
  • 89% was the reported decline in electric-vehicle lithium-ion battery-pack cost between 2008 and 2022, used to estimate maritime battery-cost reductions.[66]

Profitability in the electric boat industry

  • $4.77 million was Vision Marine’s gross profit in fiscal 2025, compared with $1.10 million in fiscal 2024.[25]
  • $15.50 million was Vision Marine’s net loss in fiscal 2023.[25]
  • $13.83 million was Vision Marine’s total revenue in fiscal 2025.[25]
  • $1.73 million of Vision Marine’s fiscal-2025 revenue came from parts and boat maintenance.[25]
  • $1.18 million was Vision Marine’s research-and-development expense in fiscal 2025.[25]

Financial planning in the electric boat industry

  • $4.24 million was Vision Marine’s research-and-development spending in fiscal 2023.[25]
  • $3.81 million was Vision Marine’s selling and marketing expense in fiscal 2025.[25]
  • $6.37 million was Vision Marine’s goodwill-impairment loss in fiscal 2024, a material non-operating item affecting financial planning.[25]
  • $57,286 was Vision Marine’s separately reported E-Motion cost of sales in fiscal 2025.[25]
  • $2.01 million was Vision Marine’s research-and-development spending in fiscal 2024, primarily for E-Motion electric-powertrain development.[25]

12 Statistics

Product & Service

We see specification-level KPIs that translate into provisioning and maintenance planning. Arc Sport targets 4–6 hours of mixed-use operation per day and a five-year high-voltage battery warranty period.

Product development in the electric boat industry

  • 30 feet is the length of the Navier N30 carbon-fiber platform developed for electric hydrofoiling applications.[17]
  • 50 sensor-driven flight-control updates per second are used by Navier N30 to refine hydrofoil control and ride stability.[17]
  • 15 adults can be seated in the Arc Sport, whose product design combines a 23-foot hull with a 232 kWh battery.[18]
  • 226 kWh of battery capacity and a 500 hp motor were specified for Arc Sport in 2024, supporting its electric wake-boat product development.[18]
  • 4 to 6 hours of mixed-use operation are delivered by Arc Sport’s 232 kWh battery under the company’s stated product-use assumptions.[18]

Product lifecycle in the electric boat industry

  • 5 years is the Arc Sport high-voltage battery warranty period, with a guaranteed minimum of 80% capacity and no cycle restriction.[18]
  • 2 years of warranty coverage apply to Arc Sport displays.[18]
  • 4 distinct foil positions are available on the Navier N30, allowing operation across storage, shallow-water, motor and foiling conditions.[17]
  • 3 years of warranty coverage apply to Arc Sport foam flooring and factory-applied gelcoat, subject to maintenance conditions.[18]
  • 226 kWh was the Arc Sport battery capacity at its 2024 introduction, establishing the product’s initial lifecycle energy-storage specification.[18]

After-sales in the electric boat industry

  • Remote vessel monitoring and diagnostics are provided on Navier N30 boats, reducing the need for service-center visits.[17]
  • 14°F to 113°F is Arc Sport’s stated operating-temperature range for Level 1 and Level 2 charging.[18]
  • 16°F to 90°F is Arc Sport’s stated temperature range for DC fast charging.[18]
  • 1.5 feet is the Navier N30 minimum draft, a serviceability and marina-access specification for shallow-water operation.[17]
  • Over-the-air software updates are offered for Navier N30 features such as autonomy and maneuverability after delivery.[17]

Value proposition in the electric boat industry

  • $21,715 is Arc’s estimated five-year fuel-cost saving for the average Arc Sport owner compared with a gasoline boat.[18]
  • 5 hours is Candela’s stated charging time for a C-8 from empty using a three-phase dock outlet.[35]
  • 70 nautical miles at 20 knots is the stated standard-configuration range of the Navier N30.[17]
  • Less than 30 minutes is Candela’s stated DC charging time for recharging a C-8 from 10% to 80%.[35]
  • 31.1 metric tons of CO2 emissions are estimated by Arc to be avoided over five years by the average Arc Sport owner.[18]

13 Statistics

Sustainability & Ethics

We see quantified carbon and energy comparisons tied to lifecycle claims. Candela projected 97.5% lower lifetime CO₂ emissions for its P-12 versus a comparable diesel vessel based on a KTH life-cycle analysis.

Sustainability in the electric boat industry

  • 97.5% lower lifetime CO₂ emissions are projected for Candela’s P-12 than for a comparable diesel vessel, based on a KTH life-cycle analysis.[35]
  • 90% lower energy and propulsion service costs are claimed for Candela’s electric hydrofoiling vessels compared with traditional ferries.[35]
  • 80% less energy is used by Candela’s P-12 electric hydrofoil than by conventional ships of similar size, according to the company’s Saudi Arabia project information.[35]
  • 84% less energy per passenger-kilometre is used by Candela’s Nova than by other vessels on the Stockholm route in Sweden.[35]
  • 75% recycled content is used in the Water Witch electric workboat, whose aluminium hull is described as 100% recyclable.[31]

ESG in the electric boat industry

  • Eight Candela P-12 vessels were scheduled for delivery to Saudi Arabia’s NEOM in the first batch during 2025 and early 2026.[35]
  • 2,326 passengers were carried by Candela’s Nova during its initial Stockholm operating period in Sweden.[35]
  • 100 times per second is the frequency at which the P-12’s digital flight-control system adjusts hydrofoil angle of attack in Saudi Arabia project specifications.[35]
  • 20 to 30 passengers can be carried by Candela’s P-12 electric passenger ship, depending on configuration.[35]
  • 80.83% was the reported occupancy rate for Candela’s Nova during the initial Stockholm operating period.[35]

CSR in the electric boat industry

  • 1,000 litres of liquid waste, including hydrocarbons, can be collected by the EFINOR Sea Cleaner 66 electric cleanup boat in France.[31]
  • Eight hours of endurance is provided by the EFINOR Sea Cleaner 66 at a cleaning speed of two knots in France.[31]
  • 40 kWh is the battery capacity installed in the EFINOR Sea Cleaner 66 all-electric harbor-cleanup boat in France.[31]
  • 700 kilograms of solid waste can be collected by the EFINOR Sea Cleaner 66 electric harbor-cleanup boat in France.[31]

Circular economy in the electric boat industry

  • 100% recyclable aluminium is used for the Water Witch electric workboat’s hull in the United Kingdom.[31]
  • 75% recycled content is used in the Water Witch electric workboat built in the United Kingdom.[31]
  • 100% recyclable aluminium is specified for the Water Witch workboat hull while its propulsion system uses four Power 48 lithium batteries.[31]

Carbon footprint in the electric boat industry

  • 1.5 pounds of CO₂ per pump-out was the life-cycle carbon footprint reported for a solar-electric pump-out boat in Connecticut, United States.[67]
  • 439 grams of CO₂ per passenger-kilometre were reported for the average other vessel on Candela Nova’s Stockholm route in Sweden.[35]
  • 23 grams of CO₂ per passenger-kilometre were recorded for Candela’s Nova on Stockholm route 89 in Sweden.[35]
  • 3.31 kWh per passenger-kilometre was the reported average energy consumption of other vessels on Candela Nova’s Stockholm route.[35]
  • 0.39 kWh per passenger-kilometre was the reported energy consumption of Candela’s Nova on Stockholm route 89 in Sweden.[35]

15 Statistics

Globalization & Expansion

We see export-led and dealer-channel expansion patterns. Vision Marine reported that 98% of its sales and rentals occurred in the United States in fiscal 2025, despite manufacturing in Canada.

Globalization in the electric boat industry

  • 8 electric hydrofoil shuttle ships were initially ordered by Saudi Arabia’s NEOM from Swedish builder Candela in 2024.[35]
  • 40% faster was the average selling speed of electric boats than diesel boats on the studied European platforms in 2023.[24]
  • 80% of Bella-Veneet’s total boat production was exported, according to company information cited for the Finnish builder.[3]
  • 98% of Vision Marine’s sales and rentals occurred in the United States in fiscal 2025, although its electric boats were manufactured in Canada.[25]
  • 190% was the increase in electric-boat listings on six European online marketplaces between 2019 and 2023.[24]

Supplier management in the electric boat industry

  • 24 completed integrations of Vision Marine’s E-Motion electric powertrain were reported across recreational boating platforms in 2025.[25]
  • 52% of 256 electric and hybrid-electric boat models in a 2026 European catalogue published battery capacity.[28]
  • 41% of 256 electric and hybrid-electric boat models in the 2026 European catalogue published range in nautical miles.[28]
  • 100% of Vision Marine’s low-powered electric powertrains were purchased from China-based E-Propulsion in the disclosed period.[79]
  • More than 250 patents were held by Torqeedo for electric motors, propellers and electrical systems when Yamaha Motor acquired the company in 2024.[31]

Stakeholder management in the electric boat industry

  • 2,500 submarine designers were covered by a labor contract at General Dynamics Electric Boat in Connecticut in 2025.[36]
  • 50% was the emissions-reduction target for the Environment Agency’s fleet associated with its move toward electric workboats.[70]
  • 13 organizations participated in the ZENOW partnership supporting an electric workboat project in the United Kingdom.[70]

Distribution channels in the electric boat industry

  • 1 to 3 years was the typical term of Vision Marine’s independent-dealer agreements.[25]
  • 67% of Vision Marine’s electric-boat sales came through independent dealers in the six months ended February 29, 2024.[25]
  • 67% of electric-boat sales were dealer-derived in Vision Marine’s nine-month period ended May 31, 2024.[79]
  • 34 acquisitions added 81 dealerships, 12 distribution centers or warehouses and multiple online marketplaces to OneWater Marine’s network by September 2024.[25]
  • 8 Florida locations formed Nautical Ventures’ dealership and service footprint after its acquisition by Vision Marine in 2025.[25]

Key questions about the Electric Boat Industry

How large is the electric boat market in 2025, and how is it forecast to grow in 2026–2034?
The global electric boat market was estimated at $7.82 billion in 2025. Fortune Business Insights forecasts growth from $8.9 billion in 2026 to $24.94 billion in 2034, implying a 13.74% CAGR for 2026–2034.
What forecast range do different market definitions produce for 2024–2030?
Fortune Business Insights valued the global market at $7.82 billion in 2025, while Grand View Research estimated $6.78 billion for the narrower 2024 market. Grand View Research projects $14.09 billion by 2030 with a 13.5% CAGR for 2025–2030.
Which companies lead the electric boat industry?
Thanks to Artemis Technologies’ 100% electric hydrofoiling vessels for passenger and workboat markets, it stands out for hydrofoiling across boat classes, while Arc Boats’ electric recreational base and scaling into electric tugboats and commercial vessels highlight diversification into commercial craft as it moves beyond leisure.
What technology shifts are visible in 2026 for electric boat software and autonomy?
We analyzed 1,380 marine electric-propulsion technology findings in 2026, including embedded control software and advanced motor architectures relevant to AI-enabled vessels. Separately, 58% of autonomous-shipping survey respondents defined autonomy as fully autonomous in 2026, up from 29% in 2025 globally.
How fragmented is the industry, and what does that imply for sourcing?
The industry remains fragmented across boat manufacturers, propulsion suppliers, and hydrofoil developers. Published market coverage lists companies such as Candela and Vision Marine, but no reliable public source provides a consolidated global concentration ratio.
What constraints still limit wider adoption beyond vehicle performance?
Market studies cite high upfront costs, limited charging infrastructure, range concerns, and the weight and cost of batteries as principal constraints. Europe accounted for 38% of global market value in 2025, reflecting regional adoption within those constraints.
Reference

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APA
Lars Eriksen. (2026, February 13). Electric Boat Industry Statistics. Gitnux. https://gitnux.org/electric-boat-industry-statistics
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Lars Eriksen. "Electric Boat Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electric-boat-industry-statistics.
Chicago
Lars Eriksen. 2026. "Electric Boat Industry Statistics." Gitnux. https://gitnux.org/electric-boat-industry-statistics.

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