Beneteau

Leisure Boats Market to exceed $82.7Bn by 2032, Says Global Market Insights Inc.

Retrieved on: 
Wednesday, March 6, 2024

The leisure boats market valuation is anticipated to cross USD 82.7 billion by 2032, as reported in a research study by Global Market Insights Inc.

Key Points: 
  • The leisure boats market valuation is anticipated to cross USD 82.7 billion by 2032, as reported in a research study by Global Market Insights Inc.
  • Furthermore, economic prosperity is playing a significant role in driving the demand for leisure boats.
  • Leisure boats market from the cruiser product segment may exhibit a decent growth rate over 2023-2032.
  • Additionally, the presence of a culture that values leisure, outdoor pursuits, and exploration is contributing to sustained demand for leisure boats.

The Electrifying Rise of Electric Boats

Retrieved on: 
Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ --  The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points: 
  • Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
  • Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
  • Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
  • The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

The Electrifying Rise of Electric Boats

Retrieved on: 
Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ --  The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points: 
  • Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
  • Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
  • Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
  • The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

The Electric Outboard Motors Market is Set to Reach $196.62 Million by 2029, Increasing Adoption of Marine Tourism Reshaping the Market Growth - Arizton

Retrieved on: 
Tuesday, February 13, 2024

CHICAGO, Feb. 13, 2024 /PRNewswire/ -- Boating activities are experiencing high demand and adoption for reasons such as increased urbanization and rising living standards. This demand, both existing and anticipated, can be broadly classified into power, application, and boat length segments. The well-established markets of Europe and North America are expected to experience high demand for electric outboard motors during the forecast period due to the increased commercial adoption of boats in these regions. This presents numerous opportunities for vendors in the forecast period. In addition, changing market dynamics, such as a higher number of recreational boat users, contribute to the demand for marine infrastructure.

Key Points: 
  • The growing marine tourism industry has significantly contributed to the growth of the electric outboard motors market in recent years.
  • These factors contribute to the upward trajectory of the marine tourism industry, consequently driving the electric outboard motors market.
  • The 5 kW–50 kW Electric Outboard Motors Market to Lead, While Above 50 kW Segment Poised for Rapid Growth
    The global 5 kW–50 kW electric outboard motors market to reach $96.83 million by 2029.
  • Electric outboard motors ranging from 5 kW to 50 kW offer versatility across marine applications, catering to diverse boat sizes and types.

The Electric Outboard Motors Market is Set to Reach $196.62 Million by 2029, Increasing Adoption of Marine Tourism Reshaping the Market Growth - Arizton

Retrieved on: 
Tuesday, February 13, 2024

CHICAGO, Feb. 13, 2024 /PRNewswire/ -- Boating activities are experiencing high demand and adoption for reasons such as increased urbanization and rising living standards. This demand, both existing and anticipated, can be broadly classified into power, application, and boat length segments. The well-established markets of Europe and North America are expected to experience high demand for electric outboard motors during the forecast period due to the increased commercial adoption of boats in these regions. This presents numerous opportunities for vendors in the forecast period. In addition, changing market dynamics, such as a higher number of recreational boat users, contribute to the demand for marine infrastructure.

Key Points: 
  • The growing marine tourism industry has significantly contributed to the growth of the electric outboard motors market in recent years.
  • These factors contribute to the upward trajectory of the marine tourism industry, consequently driving the electric outboard motors market.
  • The 5 kW–50 kW Electric Outboard Motors Market to Lead, While Above 50 kW Segment Poised for Rapid Growth
    The global 5 kW–50 kW electric outboard motors market to reach $96.83 million by 2029.
  • Electric outboard motors ranging from 5 kW to 50 kW offer versatility across marine applications, catering to diverse boat sizes and types.

Hybrid Boats Market worth $2.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 8, 2023

This is driving demand for rigid inflatable boats in the hybrid boats market resulting in the second highest CAGR During the forecast period.

Key Points: 
  • This is driving demand for rigid inflatable boats in the hybrid boats market resulting in the second highest CAGR During the forecast period.
  • These are the reasons which contribute to the > 50 Feet boats having the second highest CAGR for boat size segment of hybrid boats market.
  • This is driving demand for hybrid boats for use in a variety of applications, such as recreational boats, commercial boats and Military and law enforcement boats.
  • This growth is expected to bring about a transformative shift in marine industry, revolutionizing the future of the hybrid boats market.

Hybrid Boats Market worth $2.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, December 8, 2023

This is driving demand for rigid inflatable boats in the hybrid boats market resulting in the second highest CAGR During the forecast period.

Key Points: 
  • This is driving demand for rigid inflatable boats in the hybrid boats market resulting in the second highest CAGR During the forecast period.
  • These are the reasons which contribute to the > 50 Feet boats having the second highest CAGR for boat size segment of hybrid boats market.
  • This is driving demand for hybrid boats for use in a variety of applications, such as recreational boats, commercial boats and Military and law enforcement boats.
  • This growth is expected to bring about a transformative shift in marine industry, revolutionizing the future of the hybrid boats market.

Europe Recreational Boat Market Insights 2023-2028: Key Vendors are Azimut-Benetti, Bombardier, Ferretti, Beneteau, & Sunseeker - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 24, 2023

The "Europe Recreational Boat Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Recreational Boat Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The dynamics of this market are influenced by factors like tourism trends, disposable income levels, and preferences for outdoor recreational activities.
  • Leading companies in this industry continually invest in technological advancements and product innovations to tap into the thriving European recreational boat market.
  • The European recreational boat market has witnessed substantial growth and increasing demand in recent years, making a significant impact on the region's economy and leisure industry.

Vision Marine Technologies Announces Landmark Delivery of E-Motion™ Electric Powertrain to Groupe Beneteau Four Winns

Retrieved on: 
Wednesday, October 4, 2023

MONTREAL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating industry, is pleased to announce the delivery of its pioneering E-Motion™ Electric Powertrain Technology to Groupe Beneteau, Four Winns at their production facility in Michigan.

Key Points: 
  • MONTREAL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating industry, is pleased to announce the delivery of its pioneering E-Motion™ Electric Powertrain Technology to Groupe Beneteau, Four Winns at their production facility in Michigan.
  • These will be the inaugural electric motors integrated on the Four Winns H2e Bowrider.
  • Xavier Montagne, Chief Technical Officer of Vision Marine, commented, "We are elated to see Groupe Beneteau extend boats to the European markets and provide a window to our marine electric propulsion system.
  • The debut of the Four Winns H2e Bowrider in Europe is a testament to our shared commitment to fostering a sustainable future for the marine industry.”

Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023

Retrieved on: 
Wednesday, September 27, 2023

MONTREAL, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating industry, is pleased to announce collaborative participation with Groupe Beneteau at the annual International Boatbuilders’ Exhibition & Conference (IBEX) in Tampa, Florida, from October 3-5, 2023.

Key Points: 
  • MONTREAL, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a global leader and innovator within the performance electric recreational boating industry, is pleased to announce collaborative participation with Groupe Beneteau at the annual International Boatbuilders’ Exhibition & Conference (IBEX) in Tampa, Florida, from October 3-5, 2023.
  • Alex Mongeon, CEO & founder of Vision Marine, commented, "Our continued collaboration with Groupe Beneteau is a significant step for our companies and the maritime industry.
  • Boat manufacturers and attendees at IBEX will have the unique opportunity to witness the innovative outcomes of this partnership firsthand.
  • This announcement not only highlights the progress made in a year of partnership but also embodies the shared vision of Vision Marine and Groupe Beneteau to promote sustainability and ingenuity in the boating industry.