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(Transportation-News.com, March 14, 2018 ) A powerboat is a marine vessel powered by an engine. Marine powerboat batteries are used for engine ignition and for powering the electrical components of the boat like boat lights, marine fuse blocks, and electrical panels. The market mainly includes two types of batteries such as lead-acid batteries and lithium-ion batteries. Marine batteries form one of the main components of marine powerboats. Every powerboat requires power for a starter motor and fuel injector, which is supplied by the powerboat battery. The type of marine powerboat battery is determined based on the frequency of boat use and the number of electrical components present in the powerboat. Since boating activities are seasonal in nature, marine powerboat batteries are made to withstand long periods of inactivity unlike car and truck batteries that are used regularly.
Publisher's analysts forecast the global marine powerboats batteries market to grow at a CAGR of 3.93% during the period 2017-2021.
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One of the primary drivers for this market is the exponentially growing popularity of boat shows and marine recreational events. The increase in the number of boat-shows in the US and the rise in the number of American participants for boat shows, and marine recreational activities have played a crucial role in the growth of the marine powerboats batteries market. Wakeboards or ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts accounted for the majority of powerboat sales in the US.
Key vendors
- Saft
- Exide Technologies
- GS Yuasa
Other prominent vendors
- Trojan Battery Company
- Sonnenschein Marine Batteries
- Johnson Controls
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Market driver
- Rising disposable household incomes to drive sales of powerboats.
Market challenge
- Highly volatile and unpredictable demand.
Market trend
- Increased emphasis on R&D for developing energy-efficient marine batteries.
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-marine-powerboats-batteries-market-2017-2021
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