Rising Fishing Activity Fuels Growth In The Small Marine Engines Market Driver: Leading Transformation in the Small Marine Engines Market in 2025

How Are the key drivers contributing to the expansion of the small marine engines market?
The increasing trend in fishing is predicted to bolster the growth of the small marine engines market. Fishing refers to any activity that involves the capture or processing of fish or shellfish for initial commercial trading or personal food requirements. The rising sales of small and medium-sized boats for both fishing and recreational activities are set to boost the utilization of outboard engines. For example, the Food and Agriculture Organization, a specialized agency of the United Nations based in Canada, anticipates an annual fisheries and aquaculture output of 185 million tonnes in 2023, a 0.6% increase from 2022 levels. Therefore, the surge in fishing activities is fueling the demand for the small marine engines market.

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What growth opportunities are expected to drive the small marine engines market's CAGR through 2034?
The size of the small marine engines market has seen a robust growth in the past few years. The market is projected to expand from $8.22 billion in 2024 to $8.71 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. The earlier growth was driven by factors such as an upsurge in leisure travel, governmental policies, the replacement market, trends in boat manufacturing, an increase in economic prosperity, and innovations in fuel efficiency.

The market for small marine engines is projected to experience significant growth in the coming years, burgeoning to $10.76 billion by 2029 with a 5.4% compound annual growth rate (CAGR). This anticipated growth can be accounted for by factors such as an increase in disposable income, a shift towards electric propulsion systems, the worldwide growth of the fishing industry, a focus on environmental sustainability, urbanization and marina development, and the effects of climate change. The period of forecast will also see major trends such as the integration of cutting-edge technology, the growing popularity of electric propulsion, market consolidation, strategic alliances, global economic influences, and the trend towards customization and personalization.

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What are the emerging trends shaping the future of the small marine engines market?
The notable rise in technological advancements is shaping the landscape of the small marine engines market. To secure a competitive advantage, leading companies in this market are directing efforts toward devising innovative technologies and pursuing intense R&D activities. For instance, Wartsila Corporation, a Finland-based enterprise recognized for producing small marine engines, unveiled its novel multi-fuel maritime engine, Wartsila 25, in September 2022. This engine can operate on liquid or ammonia-based gaseous alternative fuels. In the case of diesel fuel usage, it comes with an inbuilt NOx reduction system to adhere stringently to IMO Tier III regulations relating to NOx emissions. The engineering of this game-changing engine supports the marine industry's decarbonization goals and signals the dawn of an era characterized by medium-speed, small-bore engines that cater to future needs. The Wartsila 25 encompasses all necessary attributes. Despite its compact design, it boasts high power and can seamlessly transition to new fuels, thereby validating its status as a forward-looking investment.

Which growth-oriented segments of the small marine engines market are leading the industry's development?
The small marine engines market covered in this report is segmented -

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

Subsegments:
1) By Gasoline: Two-Stroke Engines, Four-Stroke Engines
2) By Diesel: Inboard Diesel Engines, Outboard Diesel Engines
3) By Electric: Battery-Powered Engines, Hybrid Engines

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What regions are leading the charge in the small marine engines market?
North America was the largest region in the small marine engines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the small marine engines market report during the forecast period. The regions covered in the small marine engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the small marine engines market?
Major companies operating in the small marine engines market are Yamaha Motor Co. Ltd., Honda Motor Co. Ltd., Brunswick Corporation, Suzuki Motor Corporation, Tohatsu Corporation, Bombardier Recreational Products Inc., Volvo Group, Bombardier Recreational Products Inc., Nissan Motor Co. Ltd., Marine Power LLC, Kohler Co., Honda Motor Co. Ltd., Cummins Inc., Westerbeke Corporation, Yanmar Co. Ltd., Johnson Outdoors Inc., Seatek S.r.l., Brunswick Corporation, Torqeedo GmbH, Gason Pty Ltd., Bombardier Recreational Products Inc., Selva Marine S.p.A., ZF Friedrichshafen AG, JCB Ltd.

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What Is Covered In The Small Marine Engines Global Market Report?

• Market Size Forecast: Examine the small marine engines market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the small marine engines market for a structured understanding.
• Key Players Overview: Analyze major players in the small marine engines market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the small marine engines market.
• Segment Contributions: Evaluate how different segments drive overall growth in the small marine engines market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the small marine engines market.
• Industry Challenges: Identify potential risks and obstacles affecting the small marine engines market.
• Competitive Landscape: Review strategic developments in the small marine engines market, including expansions, agreements, and new product launches.

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