Outboard Engines Market Latest Advancements and Business Opportunities 2029 - PMR

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.

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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.

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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

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Global Outboard Engines Market Taxonomy
Power Type

Less than 30 HP
30HP to 100 HP
Above 100 HP

Technology Type

Two Stroke Carbureted
Two Stroke Electronic Fuel Injection
Two Stroke Direct Injection System
Four Stroke Carbureted
Four Stroke Electronic Fuel Injection

Start Type

Electric
Manual

Boat Type

Fishing Vessels
Recreational Vessels
Special Purpose Boats

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
Caribbean
Emerging Countries

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