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Outboard Motor Market Overview, Key Players, Growth Factors, Demand, And Forecast to 2025

12-30-2021 07:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Insights Reports

The Global Outboard Motor Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Outboard Motor market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The Outboard Motor market is anticipated to register a CAGR of about 3%, during the forecast period (2020 - 2025).

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Top Companies in the Global Outboard Motor Market: DEUTZ Aktiengesellschaft, Honda Motor Co., Ltd, Brunswick Corporation, Tohatsu Corporation, LEHR, LLC, Suzuki Motor Corporation, Yamaha Motor Co., Ltd., BRP Inc., Volvo Penta, Parsun Power Machine Co., Ltd

Key Market Trends

Recreation Boating is Expected to Drive Growth During the Forecast Period

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. Many people around the worlds are spending more on tourism and adventure sports and recreational activities around the world that is because of the increase in per capita income of people around the world.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America is Expected to be the Market Leader

North America holds significant share of global outboard motor sales. The increasing income levels and inclination of the people towards recreational and leisure activities is more than any other parts of the world. The USA is the largest single market for outboard engines, with sales of higher-powered outboards (200hp+) growing annually for the last seven years. Total outboard sales across the nation reached a 12-year high in 2018 according to the National Marine Manufacturers Association (NMMA), while the International Council of Marine Industry Associations (ICOMIA) reports that 88% of all marine engines sold in the US are now outboards.

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Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Outboard Motor market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Outboard Motor market.

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We Also Offer Customization on report based on specific client Requirement:

-Free country Level analysis for any 5 countries of your choice.

-Free Competitive analysis of any 5 key market players.

-Free 40 analyst hours to cover any other data point.

Please contact our sales professional (sales@marketinsightsreports.com), we will ensure you obtain the report which works for your needs.

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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us

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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