Outboard Engines Market is Moving Fast! | Major Key Companies are Cox Powertrain, Elco Motor Yachts, Evinrude, Golden Motor Technology Co., Ltd., Honda Motor Co., Ltd., LEHR LLC., Mercury Marine, Inc., Mudd Hog Mud Motors, LLC., Powertec Group, Suzuki Mar

Globally, outboard engines market is depicting immense traction majorly due to the rise in disposable income among people which has led to increase in recreational and leisure boating activities. Surging demand for boating activities has steered innovations in the industry thereby leading to the usage of these motors in new leisure boats and watercrafts due to their compact design and ease in handling.

Moreover, the deployment of outboard engines allows the boat manufacturers to provide wide interior space to the customers and enhanced engine acceleration characteristics. Global outboard engines market size is estimated to exceed USD 17 billion by the end of 2025.

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2-stroke outboards engines are prominently used in small watercrafts and fishing boats on account of several major advantages including higher operational output and simpler structure as opposed to the 4-stroke versions. In addition, 2-stroke outboard motors are lightweight and compact in design, making them best-suited for application in smaller boats. 2-stroke outboard engines industry size will hold over 40% of the global share in terms of revenue by 2025.

Mounting concerns pertaining to emission of hazardous gases and substances have consequently resulted in development of highly energy-efficient alternatives such as electric fuel type outboard motors. Low-power electric motors are gradually emerging as a potential substitute for gasoline-driven motors and engines. Electric fuel type outboard engines market share will register a healthy 8.5% CAGR over 2019-2025.

High-power outboard engines market is projected to generate revenues in excess of USD 9.5 billion over the projected timeframe. This growth can be mainly attributed to positive application outlook in larger boats and yachts which are facing robust demand worldwide. Manufacturers are aiming to expand and upgrade their existing motor production facilities and making investments to develop high-power motors to keep up with the global demand.

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Military represents a key application segment driving global outboard engines industry trends. These engines find widespread use in rescue boats and inflatable boats. Surging demand for outboard motors by the U.S. Coast Guard will further fuel the product demand, bolstering outboard engines market outlook. North America outboard engines market size will witness unprecedented growth in the coming years mainly due to the presence of prominent boat manufacturers along with motor distributors.

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