Small Marine Engines Market May See Big Move | Yamaha Motor Co., Ltd., Yanmar Co. Ltd., Brunswick Corporation

According to a research report "Small Marine Engines Market by Model (Gasoline, Diesel, Electric), Placement (Outboard, Inboard), Application (Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats), Displacement (Up to 2 L, 2-4 L, 4-6 L) and Region - Global Forecast to 2027" published by MarketsandMarkets, The small marine engines market size is estimated to be USD 10.3 billion by 2027 (forecast year) from USD 7.8 billion in 2022 (estimated year), at a CAGR of 5.5% during the forecast period.

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The global small marine engines market is expected to witness significant growth during the forecast period, owing to the surge in fishing activities and the resultant increase in demand for commercial vessels. However, stringent environmental regulations for decarbonization worldwide, and the lack of infrastructure in developing economies are likely to hamper the growth of the small marine engines market.

4-6 L segment by displacement are expected to occupy majority of the small marine engines market share

Small marine engines market has been segmented based upon type into up to 2 L, 2-4 L, and 4-6 L. The displacement range of about 6 L and below is used for small marine engines that are installed in recreational boats, support vessels, coastal boats, etc. The 4-6 L segment is projected to hold the highest market share during the forecast period because engines of 4-6 L feature common-rail fuel injection, double overhead camshafts, and turbo. They offer high reliability, exceptional fuel efficiency, and low maintenance cost.

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This research report categorizes the small marine engines market based on model, displacement, placement, application, and region.
Based on model:

Gasoline
Diesel
Electric

Based on displacement:

Up to 2 L
2-4 L
4-6 L

Based on placement:

Outboard
Gasoline
Diesel
Electric
Inboard
Gasoline
Diesel
Electric
Others
Gasoline
Diesel
Electric

Based on placement:

Recreational Boats
Yatchs
Cruiser Boats
Others
Support Vessels
Fire Boats
Rescue Boats
Others
Coastal Boats
Patrol Boats
Others
Fishing Boats
Others

Based on the region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

Recreational boats by application is expected to dominate the market

Recreational boats include yachts, cruiser boats, and others (sailboats and catamaran). The recreational boating sector focusing on reducing the carbon emissions with the related practices for disposing boats once they reach their end of operating life. Europe and North America are expected to generate high demand for recreational boats during the forecast period because the commercial adoption of boats has increased significantly in these regions. Other countries such as Belgium and Croatia have observed a significant growth in the recreational boat market.

North America likely to emerge as the largest small marine engines market

The recreational boating industry especially in the US is mostly focused on the coastal areas. Government investments in recreational boating activities and infrastructural activities for economic recovery are likely to drive the small marine engines market in North America. The recreational boat market in North America is expected to be the largest market across the world due to high demand for leisure boating and water-sports in the region.

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Key Market Player

Yamaha Motor Co., Ltd. (Japan), Yanmar Co. Ltd. (Japan), Brunswick Corporation (US), Suzuki Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan) are the key players in the global small marine engines market.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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