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Options of mobility on water bodies have increased through various means such as boats, powerboats, ships, and tankers. These transportation options have led to exploration of new areas in the vast oceans, and transportation of people and bulk quantities of goods between regions and countries. Powerboat is one such means of transportation. It is a type of marine vessel, which is powered by a diesel or gasoline engine. Powerboats generally have high power-to-weight ratio. Its hull is designed in a way that enables it to operate at higher speeds. This also allows for better handling and control of the powerboat. A powerboat is designed in a streamlined manner in order to minimize air resistance and drag while riding. Reduction in air resistance and drag automatically increases the speed of the powerboat. Powerboats are generally used for waterskiing and yachting. 

Marine powerboat batteries are an essential component of any powerboat. They are primarily used for powerboat engine ignition and for powering electrical parts such as control panel, powerboat lights, and marine fuse blocks. Electrical power is required to power fuel injector and starter motor. This in turn starts up the powerboat. This electrical power is supplied by marine powerboat battery during the initial ignition phase. The kind of marine powerboat battery required depends mainly on two factors: frequency of the powerboat in which the battery is to be installed and the total number of electrical components requiring electrical power in the powerboat. Generally, boating-related activities are seasonal; hence, marine powerboat batteries are made in a way that helps them withstand long durations of inactivity. This is unlike truck and car batteries, which have to be used regularly for proper functioning.

Based on type of battery, the marine powerboat battery market can be segmented into lithium-ion batteries, AGM batteries, and lead-acid batteries. Lead-acid batteries are comparatively cheaper than lithium-ion batteries. They are generally preferred by manufacturers of non-luxury yachts for installation in yachts. However, lithium-ion batteries have longer lifespan in comparison to lead-acid batteries. They also have better power retaining capacity for longer intervals vis-à-vis their lead-acid counterparts. AGM batteries offer similar operating structure as that of lead-acid batteries; however, liquid electrolytes are not used to store power. Instead, AGM batteries use a mesh made-up of glass fiber to absorb electrolyte. Thus, these batteries are spill proof.

Based on engine type, the marine powerboat battery market can be divided into inboard engine and outboard engines. Inboard engines are generally installed within the hull of a powerboat. This is unlike outboard engines, which are mounted outside the hull in a powerboat.

In terms on region, the marine powerboat battery market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is predicted to lead the market during the forecast period, primarily due to the increasing demand for powerboats for leisure activities in the region. The marine powerboat battery market in Europe is anticipated to follow the market in North America during the forecast period.

Key companies operating in the marine powerboat battery market include Saft, GS Yuasa International Ltd., Exide Technologies, East Penn Manufacturing Company, Johnson Controls, Leoch Battery Inc, and Trojan Battery Company.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Marine Powerboats Battery Market