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Small Marine Engines Market 2023 : Trends, Business Growth And Major Driving Factors | Yamaha Motor Company Limited, Yanmar Company Limited, Brunswick Corporation, Suzuki Motor Corporation
Small Marine Engines Global Market
The Business Research Company's Small Marine Engines Global Market Report 2023 identifies 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.
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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Major players in the small marine engines market are Yamaha Motor Company Limited, Yanmar Company Limited, Brunswick Corporation, Suzuki Motor Corporation, Honda Motor Company Limited, Volvo Penta, Caterpillar Inc., Cummins Inc., Deutz AG, Kirloskar Oil Engines Limited, Greaves Cotton Limited, Deere & Company, Kohler Company, Tohatsu Corporation, OXE Marine AB, Hyundai SeasAll, Mitsubishi Heavy Industries-VST Diesel Engines, Hyundai Doosan Infracore Company Limited, and FPT Industrial.
A key trend in the Small Marine Engines market includes technological innovation is a key trend gaining popularity in the small marine engine market. Major companies in the small marine engine market are focused on developing new and innovative technologies and conducting research and development to attain a competitive edge in the market.
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The Small Marine Engines market is segmented -
1) By Model: Gasoline, Diesel, Electric
2) By Displacement: Up to 2 L, 2-4 L, 4-6 L
3) By Placement: Outboard, Inboard, Other Placements
4) 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.
The Business Research Company's "Global Small Marine Engines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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