Press release
Small Marine Engines Global Market Report 2025: Projected Growth, Key Players and Trends
Small Marine Engines Global Market Report
The Small Marine Engines Market exhibits a promising trajectory, with growth fueled by factors like rising leisure travel, government regulations, and innovation in fuel efficiency.
What Is The Projected Market Size Of The Global Small Marine Engines Global Market Report 2025 And Its Growth Rate?
The current data reveals :
• The market size was valued at $8.22 billion in 2024
• The market is expected to grow to $8.71 billion in 2025, exhibiting a CAGR of 6.0%
• The anticipated market size by 2029 is a booming $10.76 billion, showcasing a CAGR of 5.4%
The growth in both historical and forecast periods can be attributed to factors such as increased leisure travel, boat manufacturing trends, innovation in fuel efficiency, rising disposable income, shift towards electric propulsion, environmental sustainability, and urbanization.
What Is Driving The Growth In The Small Marine Engines Global Market Report 2025?
As per recent observations, increasing fishing activity globally has been driving the market growth for small marine engines. Activities related to capturing or processing of fish for commercial sale or personal consumption have amplified, thus increasing the demand for small and medium-sized boats equipped with outboard engines. For instance, according to the Food and Agriculture Organization, the annual fisheries and aquaculture production is predicted to witness 0.6% more growth than 2022 levels by 2023, thus augmenting the demand in the market.
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Who Are the Key Players Driving Small Marine Engines Global Market Report 2025 Growth?
Major players operating in this field are:
• Yamaha Motor Co. Ltd.
• Honda Motor Co. Ltd.
• Brunswick Corporation
• Suzuki Motor Corporation
• Tohatsu Corporation
• Bombardier Recreational Products Inc.
• Volvo Group
• Nissan Motor Co. Ltd.
• Marine Power LLC
• Kohler Co.
What Are The Key Trends In The Small Marine Engines Global Market Report 2025?
Key trends that are influencing the market include:
• Integration of advanced technologies
• Rising popularity of electric propulsion
• Market consolidation and strategic alliances
• Global economic factors
• Emphasis on customization and personalization
What Are The Segments Of The Global Small Marine Engines Global Market Report 2025?
The Small Marine Engines market can be categorized into segments:
1) By Model: Gasoline, Diesel, Electric
2) By Displacement: Up To 2 L, 2-4 L, 4-6 L
3) By Placement: Outboard, Inboard, Other Placements
4) By Application: Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats, Other Applications
Which Region Leads The Small Marine Engines Global Market Report 2025?
Primarily, North America was the largest region in the small marine engines market in 2024. Although, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The market report also covers other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Small Marine Engines Global Market Report 2025 Global Market Report?
• Market Size Analysis: Analyze the Small Marine Engines Global Market Report 2025 size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Small Marine Engines Global Market Report 2025 for effective categorization.
• Key Player Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Small Marine Engines Global Market Report 2025 growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Small Marine Engines Global Market Report 2025.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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