Electric Outboard Motors Market 2021 Global Size, Status and Outlook- Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, Haibo, Epropulsion Technology

The Latest report about the Electric Outboard Motors market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Electric Outboard Motors market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, Haibo, Epropulsion Technology, Suzhou Parsun Power Machine, Elco Motor Yachts, Krautler Elektromaschinen, Aquamot, Ray Electric Outboards

Electric Outboard Motors Market size was USD 125 million and it is expected to reach USD 214 million by the end of 2027, with a CAGR of 8.0% during 2021-2027.

News and Updates

Evoy launches the world's most powerful electric outboard motor- This Norwegian company popped up in 2018, creating electric drive system for new boat builds as well as retrofits for existing machines. Its 800-horsepower inboard powertrain is already the most powerful you can buy (in the small boat sector, anyway), and now the company has released its first outboard, plus a roadmap for the next few years.

Mercury to Introduce Electric Outboards by 2023- Brunswick Corporation held it's annual Investor's Day on May 10th and among the many highlights was confirmation that Mercury Marine has begun developing electric outboard engines. The company has set firm dates to launch 5 new electric product lines by 2023, including an initial launch of 4 electric outboards by the first quarter of 2023, with the first arriving sometime in 2022.

Market Overview

Electric Outboard Engines Market size valued at USD 118.6 million in 2020 and is estimated to exhibit over 5% CAGR from 2021 to 2027. Electric outboard engines are battery driven to power the boats used for recreational, commercial, and other applications. Increasing regulations pertaining to marine fuel emissions coupled with rising recreational boating activities owing to strong economic growth and shifting consumer preferences toward boating to spend quality time with family and friends will support the market growth. According to the National Marine Manufacturers Association (NMMA), the gross output of outdoor recreational boating, fishing, and other water activities accounted for USD 42 billion in 2019. Outdoor recreational boating accounts for the highest gross output amongst outdoor recreational activities.

Surging demand for environmentally friendly, low noise and high-performance engines has reinforced the commercialization of electric outboard engines across the U.S. Flourishing fishing industry and the expansion of passenger's vessels have bolstered the position of American suppliers. Recreational activities are expected to spur the revenue graph in the U.S. The commercial electric outboard engines segment in the North America landscape is likely to be valued at more than USD 10 million by 2027. Bullish projections could help the overall North America electric outboard engines market value surpass USD 60 million by 2027.

Electric Outboard Motors Market Segmentation:

Breakdown Data by Type

Outboard Electric Propulsion Motor

Outboard Electric Trolling Motor

Electric Outboard Motors Breakdown Data by Application

Civil Entertainment

Municipal Application

Commercial Application

Other

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Electric Outboard Motors market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Electric Outboard Motors industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Electric Outboard Motors market research includes the methodical description of the various factors such as the market growth and detailed information about the different company’s revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Electric Outboard Motors Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Electric Outboard Motors market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Electric Outboard Motors market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Electric Outboard Motors Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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