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NEWS
Riding the Wave of an Electric Boat Future- Collaborations Key to Success
Vision Marine Technologies (NASDAQ: VMAR) has announced strategic partnerships to advance the electric boating industry. The company partnered with Massimo Marine to produce a 30-foot electric pontoon platform and with Smoker Craft Inc. for pontoon manufacturing. According to Future Market Insights, the global electric boats market is expected to grow from $5.6 billion in 2023 to $15.1 billion by 2033, with a CAGR of 10.4%. The US pontoon boat market showed strong growth with 115,000 units sold in 2023, up 5% from 2022. The partnerships aim to deliver high-quality electric marine products through direct-to-consumer and distribution networks.
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152398576 : You think its gonna go up?