Press release
Electric Propulsion Outboard Motors Global Market Report: Growth, Market Size, Competition Status, Forecast 2024-2030
Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as "trolling motor" or "electric Outboard motor". They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
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Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as "trolling motor" or "electric Outboard motor". They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
An Outboard Electric Propulsion Motor is a kind of outboard Motor which is a propulsion system for boats. In general, an outboard electric propulsion motor has a higher power output than a trolling motor.
According to the new market research report "Electric Propulsion Outboard Motors- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Electric Propulsion Outboard Motors market size is projected to reach USD 0.26 billion by 2030, at a CAGR of 8.0% during the forecast period. Demand for Electric Propulsion Outboard Motors has mainly been driven by driven by technological advancements, environmental regulations, and increasing consumer awareness of sustainability., etc. Stringent environmental regulations and emission standards are driving the shift towards cleaner and greener propulsion options.
According to QYResearch Top Players Research Center, the global key manufacturers of Electric Propulsion Outboard Motors include Torqeedo, ePropulsion Technology, Mercury, ACEL Power Inc, AquaWatt, Elco Motor Yachts, Evoy AS, Aquamot, Parsun Power, Ray Electric Outboards, etc. In 2023, the global top five players had a share approximately 75.0% in terms of revenue.
Key Market Drivers
Environmental Regulations: Stringent environmental regulations and emission standards are driving the shift towards cleaner and greener propulsion options.
Cost Savings: Electric Propulsion outboard motors can offer long-term cost savings in terms of fuel and maintenance, making them an attractive option for boat owners.
Noise Reduction: Electric Propulsion outboard motors are quieter than traditional engines, providing a more peaceful and enjoyable boating
Market Restraints
Limited Range and Battery Life: One of the major constraints for electric outboard motors is the limited range and battery life. Compared to traditional gasoline outboard motors, electric motors typically have shorter operating ranges and battery life. This can be a disadvantage for users who require long-distance or extended use.
Charging Infrastructure: The availability of charging infrastructure in remote or less developed areas can be a limitation.
Higher Initial Costs: Electric outboard motors generally have higher initial costs compared to traditional gasoline-powered motors. The cost of batteries, electric components, and advanced technologies contribute to the higher price. This can be a deterrent for potential buyers, particularly for commercial users who may prioritize cost-effectiveness.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Electric Propulsion Outboard Motors market is segmented as below:
By Company
Torqeedo
AquaWatt
Elco Motor Yachts
Aquamot
Ray Electric Outboards
Pure Watercraft
ePropulsion Technology
Segment by Type
Below 10 HP
10-35 HP
35.1-70 HP
Above 70 HP
Segment by Application
Civil Entertainment
Municipal Application
Commercial Application
Other
Each chapter of the report provides detailed information for readers to further understand the Electric Propulsion Outboard Motors market:
Chapter 1: Introduces the report scope of the Electric Propulsion Outboard Motors report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Electric Propulsion Outboard Motors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Electric Propulsion Outboard Motors market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Electric Propulsion Outboard Motors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Electric Propulsion Outboard Motors in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Electric Propulsion Outboard Motors competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Electric Propulsion Outboard Motors comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Electric Propulsion Outboard Motors market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Electric Propulsion Outboard Motors Market Research Report 2024
Electric Propulsion Outboard Motors- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Electric Propulsion Outboard Motors Market Insights, Forecast to 2030
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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