Full Throttle Ahead: Analyzing the Global Outboard Engines Market and its Thriving Impact on Recreational Boating

Outboard engine is a system used for boats, which consist of gearbox, engine, propeller, and jet. Outboard motors are slightly less expensive, allow more flexibility, more seating capacity, and are easier to maintain, hence they are common in recreational use. Emergence in use of outboard engines in fishing boats and shipping activities are projected to raise demand for such engines. The global outboard industry is highly consolidated and competitive with top five players ruling it. Yamaha motors co ltd. being one of the top players holds almost 40% of the market share. These market dominants are expanding their feet in Europe, North America, and Asia-Pacific to increase overseas sales. Outboard engines market is mainly comprised of three fuel type of engines which include diesel, gasoline, and electrical. Gasoline engines hold largest share of outboard engines.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞- https://www.alliedmarketresearch.com/request-toc-and-sample/12103

The major factor involved for boosting growth of the outboard engines market is rise in disposable income which resulted to increase in demand for small and medium-powered boats. Europe is one of the leading regions in the global outboard engines market as it has witnessed rapid growth in watercraft industry. Rising participation in several water recreational activities and rising preference for more powerful outboard engine are also responsible for pushing the growth in the outboard engines market in the region. Recreational industry is anticipated to boost with continuous rise in per capita and disposable income across the world.

Outboard engine market being a highly competitive market with major players of the industry such as Yamaha Motor Co. Ltd., Honda Motor Co. Inc., Bombardier Recreational Products Inc., Brunswick Corporation (Mercury Marine), Suzhou Parsun Power Machine Co. Ltd, Suzuki Motor Corporation, Hidea Power Machinery Co. Ltd., AB Volvo, Suzhou Parsun Power Machine Co. Ltd developing advanced engine for more fuel efficiency. Cox Powertrain, a leading diesel engine manufacturer has developed a new 300 horsepower, high-power density diesel marine outboard engine recently, specifically to fulfill growing need of high-power recreational boats in the U.S.

𝐏𝐔𝐑𝐂𝐇𝐀𝐒𝐄 𝐅𝐔𝐋𝐋 𝐑𝐄𝐏𝐎𝐑𝐓 𝐎𝐅 - https://www.alliedmarketresearch.com/outboard-engines-market/purchase-options

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝
Yamaha Motor Co. Ltd.,
Brunswick Corporation (Mercury Marine),
Suzuki Motor Corporation,
Honda Motor Co. Inc.,
Bombardier Recreational Products Inc,
Tohatsu Corporation,
AB Volvo,
Suzhou Parsun Power Machine Co. Ltd,
Hidea Power Machinery Co. Ltd.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

This study presents the analytical depiction of the outboard engine industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the outboard engine market.

The current market is quantitatively analyzed from 2020 to 2030 to highlight the outboard engine market growth scenario.

The report provides a detailed outboard engine market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐓𝐨𝐩 𝐈𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

☑️Increasing watersports and boating activities for leisure, coupled with establishment of several water clubs across the globe drives the market growth.
☑️High prices of advanced outboard engines and economic slowdown across the globe are leading reasons that restrain the market growth.
☑️Manufacturers are developing new technologies to decrease weight and create more reliable, advanced fuel engines.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/12103

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The ongoing COVID-19 has significantly affected boat production in 2020, and despite forced lockdown and boat production halt globally, the boating industry has witnessed significant growth. As per national marine manufacturer association (NMMA), data new powerboat sales in the U.S. has reached over 310 thousand units, which is expected to boost the outboard engine market in next decade. Considering the market decline, the market is expected to gain a speedy recovery in sales of outboard engines across the globe, followed by the outboard engine sales to mark a long-term growth by 2022.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-
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