Boston, MA -- (SBWIRE) -- 04/20/2017 -- 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.

Technavio's analysts forecast the global marine powerboats batteries market to grow at a CAGR of 3.93% during the period 2017-2021.

Get More Details on this Report and a Full Table of Contents at Global Marine Powerboats Batteries Market 2017-2021

Covered in this report
The report covers the present scenario and the growth prospects of the global marine powerboats batteries market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

-Europe
-ROW
-US

Technavio's report, Global Marine Powerboats Batteries Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Saft
-Exide Technologies
-GS Yuasa

Other prominent vendors

-Trojan Battery Company
-Sonnenschein Marine Batteries
-Johnson Controls

Market driver

-Rising disposable household incomes to drive sales of powerboats.
-For a full, detailed list, view our report

Market challenge

-Highly volatile and unpredictable demand.
-For a full, detailed list, view our report

Market trend

-Increased emphasis on R&D for developing energy-efficient marine batteries.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Saft, Exide Technologies, GS Yuasa, Trojan Battery Company, Sonnenschein Marine Batteries, Johnson Controls

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