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Marine Outboard Engines Market Forecasted to Grow to $3.06 Billion by 2030, Driven by Rising Demand for Recreational and Commercial Boats

05-21-2024 07:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Dataintelo

/ PR Agency: Dataintelo


The global Marine Outboard Engines market is forecast to rise from USD 2.02 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2017 to USD 3.06 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2030, projecting a Compound Annual Growth Rate (๐‚๐€๐†๐‘) of 5.1% from 2017 to 2030. The report, recently published by Dataintelo, attributes this escalating growth to the swelling demand of recreational and on-water commercial boats, alongside a global rise in the adoption of Autonomous Underwater Vehicles (AUVs).

Among the various types of marine Outboard Engines, the report foresees the low-power segment leading the global market during the forecast period. The low cost and straightforward installation process of this segment as compared with mid-power and high-power marine outboard engine segments has been identified as the driving factors of its growth.

Published by Dataintelo, the report provides a comprehensive understanding of the lucrative prospects of the marine Outboard Engines market. It also details the likely challenges and the overall competitive landscape, offering a clear roadmap for successful navigation within the sector.

Dataintelo's research further indicates the strong wave of ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซmanufacturers in the global marine Outboard Engines market, brought about by rising investments in marine infrastructure and the increasing interest in water-based recreational activities. Additionally, the broadening adoption of AUVs across various fields including military & defense, oil & gas, environmental protection & monitoring, oceanography, among others, is likely to fuel the market growth.

For stakeholders and investors, this report stands as a crucial source of data and insights that can help navigate the future of the marine Outboard Engines market. As the market endures adjustments brought about by global economic and environmental conditions, this data-informed analysis serves as a beacon, providing clarity on the market's expected trajectory, key trends, and promising areas for growth and profitability

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @

๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐œ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ:

The marine outboard engines market has been segmented on the basis of๐“๐ฒ๐ฉ๐ž
โ— Low-Power Marine Outboard Engines
โ— Mid-Power Marine Outboard Engines
โ— High-Power Marine Outboard Engines

๐๐จ๐ฐ๐ž๐ซ ๐’๐จ๐ฎ๐ซ๐œ๐ž
โ— Diesel
โ— Gasoline
โ— Electric
โ— Hybrid

๐„๐ง๐ ๐ข๐ง๐ž ๐“๐ฒ๐ฉ๐ž
โ— 2-Stroke
โ— 4-Stroke

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐’๐ฆ๐š๐ฅ๐ฅ ๐‘๐ž๐œ๐ซ๐ž๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐จ๐š๐ญ๐ฌ, ๐Ž๐ง-๐–๐š๐ญ๐ž๐ซ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐๐จ๐š๐ญ๐ฌ, ๐€๐ฎ๐ญ๐จ๐ง๐จ๐ฆ๐จ๐ฎ๐ฌ ๐”๐ง๐๐ž๐ซ๐ฐ๐š๐ญ๐ž๐ซ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž
โ— Small Recreational Boats
โ— On-Water Commercial Boats
โ— Autonomous Underwater VehicleAUV

๐‘๐ž๐ ๐ข๐จ๐ง
โ— Asia Pacific
โ— North America
โ— Latin America
โ— Europe
โ— Middle East & Africa

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ
โ— Mercury Marine
โ— Suzuki Motor
โ— Yamaha Motor
โ— Honda Motor
โ— Volvo Penta

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ of the marine outboard engines market is diverse, segmented based on the engine power, source, type, and applications various boats. Low-Power Marine Outboard Engines, Mid-Power Marine Outboard Engines, and High-Power Marine Outboard Engines are the types of outboard engines in terms of power. They are further divided based on the power source such as Diesel, Gasoline, Electric, Hybrid. These diverse options offer flexibility to the customers according their needs. Based on engine types, the market is divided into 2-stroke and 4-stroke engines. The application segment of this market includes Small Recreational Boats, On-Water Commercial Boats, Autonomous Underwater Vehicle. Each segment presents a different level of demand, contributing to the overall growth of the marine outboard engines market. Key industry players in this segment include Mercury Marine, Suzuki Motor, Yamaha Motor, Honda Motor, and Volvo Penta.

On the other hand, ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ of the marine outboard engines market has also witnessed rampant changes and developments in recent years. The Asia Pacific region, owing to the flourishing marine industry and increasing popularity of water sports, is seeing a significant rise in the demand for marine outboard engines. North America, with its sophisticated marine infrastructure and a high concentration of key players, is also a strong market for outboard engines. Latin America, Europe, Middle East and Africa are also witnessing steady growth in the marine outboard engines market. The market growth in these regions can be attributed to their focus on enhancing marine transport, growing tourism industry and increasing interest in water sports. Therefore, the marine outboard engines market is truly a global market with opportunities across the globe

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ for Marine Outboard Engines Market:

1. Rising popularity of Water-Based Leisure Activities: An increase in interest in water sports, boating, and fishing, particularly in North America and Europe, is a major driver of the market.

2. Technological Advancements: Continuous technological advancements in marine engines, such as direct fuel injection and electronic fuel injection systems, are enhancing engine performance and fuelling growth of the outboard engines market.

3. High Power-to-Weight Ratio: Outboard engines have a high power-to-weight ratio, which provides a significant speed advantage over inboard engines. This is driving the demand for outboard engines.

4. Environmental Regulations: Strict environmental regulations are compelling manufacturers to develop eco-friendly products, which is encouraging the adoption of electric outboard engines.

5. Strong Demand from Commercial Sector: The growing demand from commercial fishing, owing to benefits like ease of control, maneuverability, and high efficiency offered by outboard engines, are aiding the growth of the market.

Market ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซMarine Outboard Engines Market:

1. Electric Outboard Engines: With stringent environmental norms and concerns over water population, the demand for electric outboard engines is expected to significantly rise in the future.

2. Improving Economy and Increasing Disposable Income: As economies recover and the disposable income among consumers rises, the demand for recreational boating activities is likely to increase, leading to further expansion of the outboard engines market.

3. Expansion in Developing Countries: Many developing countries are witnessing robust growth in their tourism and recreational sectors, presenting ample ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซthe expansion of the marine outboard engines market.

4. Rising Trend of Boat Rentals: There is a growing trend of boat rentals for recreational activities, offering a significant opportunity for the outboard engine market.

5. Advancements in Propulsion Technology: Continuous advancements like hybrid technology, joystick control, and digital throttle systems offer scope for new opportunities in the market

๐˜๐จ๐ฎ ๐œ๐š๐ง ๐๐ข๐ซ๐ž๐œ๐ญ๐ฅ๐ฒ ๐›๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐ซ๐จ๐ฆ:

๐–๐ก๐จ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐›๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ?

1. Business Owners: Businesses, regardless of their size, wanting to get a perspective on the current market trends, new researches, prospective growth areas and a general outlook of their sector should consider buying this report.

2. Startups: Startups can benefit immensely from these reports to understand their competitive landscape, identify opportunities, and avoid potential pitfalls.

3. Investors: Investors and venture capitalists who want to understand the potential growth and ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซinvestment.

4. Market Research firms: Firms dedicated to conducting market research can get access to professionally curated data.

5. Academics and Students: Academics and students can use this report for research purposes and to gain insights into current market trends, driving factors, and future predictions.

6. Consultants and Advisors: Business consultants and advisors can use this report to enhance their knowledge in the domain and provide better services to their clients.

Good Things About Dataintelo:

1. Comprehensive Analysis: Dataintelo provides detailed reports that offer a comprehensive analysis of the market including clear understanding of market trends, statistics, and growth opportunities.

2. Expertise: The reports are curated by market research experts who have in-depth knowledge and experience in their respective domains.

3. Customization: Unlike other market research firms, Dataintelo provides customized reports based on clients' unique needs and business requirements.

4. Global Outlook: Dataintelo provides a global perspective of the market which is essential for businesses intending to expand their reach.

5. 24/7 Customer Support: Dataintelo boasts a customer support team that is available round the clock to help with any queries or issues that might arise.

6. Credible Sources: The data in the reports come from credible sources, ensuring the accuracy and reliability of the information provided.

7. Affordable Pricing: Dataintelo reports are competitively priced, making them accessible to businesses of all sizes.

8. Updated Information: The reports are regularly updated to include the latest trends and strategies in the market

Contact Us :
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๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐œ๐š๐ง ๐›๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ž๐.

๐„๐ฆ๐š๐ข๐ฅ ๐ฎ๐ฌ ๐จ๐ง - ๐ฌ๐š๐ฅ๐ž๐ฌ@๐๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ.๐œ๐จ๐ฆ

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ:

๐ƒ๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ boasts extensive experience in creating tailored Market research reports across diverse industry verticals. With in-depth Market analysis, creative business strategies for new entrants, and insights into the current Market scenario, our reports undergo intensive primary and secondary research, interviews, and consumer surveys.

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