Throttle to Thrive: Maximizing Performance with Outboard Engines

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/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.

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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/outboard-engines-market/purchase-options

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐬𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐦𝐞𝐝𝐢𝐮𝐦-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐨𝐚𝐭𝐬 𝐭𝐨 𝐩𝐫𝐨𝐩𝐞𝐥 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝

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.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐟𝐮𝐞𝐥 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐞𝐧𝐠𝐢𝐧𝐞𝐬

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.

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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/12103

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐨𝐮𝐭𝐛𝐨𝐚𝐫𝐝 𝐞𝐧𝐠𝐢𝐧𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:

• Which are the leading market players active in the outboard engine market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the outboard engine market?
• What are the projections for the future that would help in taking further strategic steps?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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