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Outboard Engines Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Yamaha Motor Co. Ltd., Brunswick Corporation, Suzuki Motor Corporation, Honda Motor Co. Inc
Outboard Engines Global Market Report
The Business Research Company's Outboard Engines Global Market Report 2023 identifies the Rising production and sales of yachts are expected to propel the growth of the outboard engine market going forward. Yachts refer to large sailboats or motorboats used for racing or pleasure cruises. Outboards engine are extensively used for the propulsion of yachts for their simplicity and they are easy to mount.
The global outboard engine market size is expected to grow from $9.05 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 global outboard engine market size is expected to reach $11.81 billion in 2027 at a CAGR of 5.4%.
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Major players in the outboard engines market are Yamaha Motor Co. Ltd., Brunswick Corporation, Suzuki Motor Corporation, Honda Motor Co. Inc., Bombardier Recreational Products Inc., Tohatsu Corporation, Hidea Power Machinery Co. Ltd., Cox Powertrain, Elco Motor Yachts, Evinrude Outboard Motors, Golden Motor Technology Co. Ltd., Lehr LLC, Mercury Marine Inc., Mudd Hog Mud Motors LLC. , Torqeedo GmbH, and Volvo Penta.
A key trend in the Outboard Engines market includes the Product innovation is the key trend gaining popularity in the outboard engine market. Major companies operating in the outboard engine market are focusing on developing outboard engines with better fuel efficiency and fewer emissions.
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The Outboard Engines market is segmented -
1) By Type: Fuel-Oil Outboard, Electric Outboard
2) By Engine Type: 2-Stroke, 4-Stroke, Electric
3) By Application: Personal Boat, Commercial Boat, Government Enforcement Boat, 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 Outboard Engines market.
The Business Research Company's "Global Outboard 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 Outboard Engines Market Include:
1. Executive Summary
2. Outboard Engines Market Characteristics
3. Outboard Engines Market Trends And Strategies
4. Outboard Engines Market - Macro Economic Scenario
5. Outboard Engines Market Size And Growth
……
27. Outboard Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Outboard Engines Market
29. Outboard Engines Market Future Outlook and Potential Analysis
30. Appendix
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