Press release
Global Outboard Boats Market: Anticipated Growth, Key Players, and Emerging Trends
Outboard Boats Market Share
• The outboard boats market has shown a significant growth recently. It is expected to grow from $6.2 billion in 2024 to $6.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. This growth can be attributed to several factors including consumer preferences, boating regulations, environmental concerns, boating infrastructure, and cultural shifts.
• In the upcoming years, the outboard boats market size is anticipated to continue its robust growth trend. It is expected to grow to $9.68 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The drivers for this growth include safety features integration, increased disposable income, online sales channels, electric propulsion adoption, and boating tourism.
What Is Driving The Growth In The Outboard Boats Market?
Demand for recreational activities is a key driver for the growth of the outboard boat market. Recreational activities are performed during leisure time for exercise, relaxation, and pleasure. Due to their versatility, simplicity of use, and affordability, outboard boats have become popular among enthusiasts of aquatic sports and recreational activities. For instance, the Outdoor Foundation, a US-based association, reported in 2023 that the number of participants in outdoor recreation saw an increase by 2.3%, reaching a new height of 168.1 million individuals constituting 55% of the U.S. population aged six and above in 2022. This rise in demand for recreational activities is significantly propelling the growth of the outboard boat market.
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Who Are the Key Players Driving Outboard Boats Market Growth?
The major players in the outboard boats market include:
• Brunswick Corporation
• Campion marine Inc.
• Cantieri Capilli SRL
• Groupe Beneteau
• Polaris Inc.
• Poseidon Boats
• White River Marine Group
• Nimbus Group
• Marine Products Corporation
• Ribcraft Ltd.
• Scout Boats
• Seaark LLC
• Stingray Boats
• Zodiac Milpro Inc.
• Ferretti Group
• Tracker Boats
• Bravia Yachtbau
• Yamaha Motor Co. Ltd.
• Malibu Boats Inc.
• MasterCraft Boat Holdings Inc.
What Are The Key Trends In The Outboard Boats Market?
Key trends in the market include:
• Hybrid and electric propulsion
• Modular and customizable design
• Autonomous and assisted navigation
• Luxury and high-performance segments
• Enhanced connectivity
What Are The Segments Of The Global Outboard Boats Market?
The outboard boats market is segmented by:
• Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
• Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
• End User: Fishing, Water Taxi, Transportation, Hospitality Business
Which Region Leads The Outboard Boats Market?
In 2024, North America was the largest region in the outboard boat market. However, Asia-Pacific holds the highest potential for growth in the forecast period. The regions covered in the outboard boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Outboard Boats Market Global Market Report?
- Market Size Analysis: Analyze the Outboard Boats Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Outboard Boats Market for effective categorization.
- Key Player Focus: 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 Outboard Boats Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Outboard Boats Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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