The outboard engines market is expected to grow at a CAGR of around 2% between 2019 and 2029, and is
estimated to reach a global value of nearly US$ 5.5 Bn by the end of
2029.
Persistence Market Research released a new market study on the outboard engines
market, which includes the global industry analysis by 2029. The report
studies the global outboard engines market and offers a deep analysis
for the next ten years. The report on the global outboard engines market
contains vital macroeconomic and forecast factors that are estimated to
impact the growth of the global outboard engines market.
The report on the outboard engines market also discusses restraints that
are affecting the global market, drivers that are fueling the market
growth, along with potential opportunities and latest trends in the
market across the value chain and supply chain. As per the key insights
of the research, the global outboard engines market is estimated a
substantial growth during the forecast period, owing to factors such as
growing marine tourism, advanced features of outboard engines, and
relatively low costs.
Impact of Undercurrents on Outboard Engines Market
Recreation Boating Trend to Spur Demand
Recreational boating continues to entice large volumes of participants, particularly
in the US. According to a leading trade association the recreational
boating industry enjoyed its seventh successive growth year in 2018,
with yearly US sales of marine products and services, and boats
recording a 5% growth over 2017. Growth in recreational boating over the
past has been achieved in large portion owing to the corresponding
advances in outboard power. The growing requirement of outboard engines
in recreational boating activities offer profitable avenues for
manufacturers.
Electric Propulsion to Gain Traction
Electric-drive boats have been presaged as the future of marine boats. A large number
of boat owners favor electric propulsion to power fishing boats,
recreational boats, cruisers, and pontoons, and tender boats. The
growing preference for electric propulsion outboard is attributed to the
ease of operations, absence of gas fumes, engine noise, and vibrations.
With significantly lesser moving parts, there is minimal wear out or
break down, making electric outboard engines a viable alternative for
small boats.
Companies
- DEUTZ Aktiengesellschaft
- Honda Motor Co., Ltd.
- Brunswick Corporation
- Suzuki Motor Corporation
- BRP Inc.
- Tohatsu Corporation
- Yamaha Motor Co., Ltd.
- LEHR, LLC
- Kräutler Elektromaschinen Gmbh
- Volvo Penta
- Yongkang Longxiao Industry
- Parsun Power Machine Co., Ltd
Global Outboard Engines Market TaxonomyPower Type
- Less than 30 HP
- 30HP to 100 HP
- Above 100 HPTechnology Type
- Two Stroke Carbureted
- Two Stroke Electronic Fuel Injection
- Two Stroke Direct Injection System
- Four Stroke Carbureted
- Four Stroke Electronic Fuel InjectionStart Type
- Electric
- ManualBoat Type
- Fishing Vessels
- Recreational Vessels
- Special Purpose BoatsRegion
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
- Caribbean
- Emerging Countries
