Press release
Outboard Engine Market: Competitive Dynamics & Global Outlook 2023
Outboard Engine is a detachable propulsion system for boats installed outside of the hull (ship), consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. With features of simple structure, light weight, easy disassembly and operation, low noise, it is suitable for use in the river, lakes and coastal waters.
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Global Outboard Engine Market: Forecast by Type / Application / Region
The downstream industries of outboard engine products are personal boat, commercial boat and government enforcement boat. In the recent years, with the recovery of global economic, the development of emerging countries and the growth of recreation expense, the consumption increase of outboard engine will be obvious. In the foreseeable future, the outboard engine products will show an optimistic upward trend.
Although sales of outboard engine products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the outboard engine field hastily.
Over the next five years, LPI(LP Information) projects that Outboard Engine will register a 9.7% CAGR in terms of revenue, reach US$ 8290 million by 2023, from US$ 4770 million in 2017.
Global Outboard Engine Market: Key Players
Yamaha
Brunswick
Honda
BRP
Suzuki
Tohatsu
Parsun
Hidea
Weimin
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Related Information:
United States Outboard Engine Market Research Report 2018
Europe Outboard Engine Market Research Report 2018
North America Outboard Engine Market Research Report 2018
Asia-Pacific Outboard Engine Market Research Report 2018
China Outboard Engine Market Research Report 2018
EMEA Outboard Engine Market Research Report 2018
Global Outboard Engine Market Research Report 2018
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