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2023 Global Small Marine Engines Market Size, Share, Industry, Growth, Trends And Opportunities
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Small Marine Engines Market Size, Growth Rate, And Forecast:
The global small marine engines market size is expected to grow from $7.42 billion in 2022 to $7.82 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small marine engines market size is expected to grow to $5.1 billion in 2027 at a CAGR of 9.55%.
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Small Marine Engines Market Drivers:
Increasing fishing activity is expected to propel the small marine engine market going forward. Any activity directly connected to the capture or processing of fish or shellfish for initial commercial sale or personal dietary needs is referred to as "fishing." The use of outboard engines will be aided by the rising sales of small and medium-sized boats for fishing and leisure purposes.
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Small Marine Engines Market Segments
•By Model: Gasoline, Diesel, Electric
•By Displacement: Up to 2 L, 2-4 L, 4-6 L
•By Placement: Outboard, Inboard, Other Placements
•By Application: Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the small marine engines market.
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Small Marine Engines Market Key Players:
Major competitors in the small marine engines market include Yamaha Motor Company Limited, Yanmar Company Limited, Brunswick Corporation, Suzuki Motor Corporation, Honda Motor Company Limited, Volvo Penta, Caterpillar Inc., Cummins Inc.
The Business Research Company's "Global Small Marine Engines Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Small Marine Engines Market Include:
1. Executive Summary
2. Small Marine Engines Market Characteristics
3. Small Marine Engines Market Trends And Strategies
4. Small Marine Engines Market - Macro Economic Scenario
5. Small Marine Engines Market Size And Growth
......
26. Africa Small Marine Engines Market
27. Small Marine Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Marine Engines Market
29. Small Marine Engines Market Future Outlook and Potential Analysis
30. Appendix
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