Rising Fishing Activity Fuels Growth In The Small Marine Engines Market Driving Market Acceleration in the Small Marine Engines Industry, 2025

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How Large Will the Small Marine Engines Market Size By 2025?
In the past few years, the market size for small marine engines has seen considerable growth. Expectations are that it will expand from $8.22 billion in 2024 to $8.71 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. This significant growth during the historic period is due to several factors such as an upsurge in leisure travel, regulatory changes by the government, the replacement market, trends in boat manufacturing, economic wellness, and innovative advances in fuel efficiency.

How Big Is the Small Marine Engines Market Size Expected to Grow by 2029?
Expected to witness solid expansion in the coming years, the small marine engines market is projected to reach a value of $10.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this projected growth during the forecast period include increased disposable income, a transition towards electric propulsion, the worldwide growth of the fishing industry, a focus on environmental sustainability, the rise in urbanization and marina development, and the impacts of climate change. Important trends noted within the forecasting period incorporate the integration of cutting-edge technologies, the growing preference for electric propulsion, market consolidations, strategic partnerships, global economic influences, and tendencies towards customization and personalization.

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Which Key Market Drivers Powering Small Marine Engines Market Expansion and Growth?
The small marine engines market is predicted to surge due to the escalation in fishing activities. Fishing encompasses any operations linked directly to the capture or processing of fish or shellfish, either for initial commercial transaction or personal dietary requirements. The burgeoning sales of small to medium-sized boats for fishing and recreation are expected to boost the utilization of outboard engines. For example, data from the Food and Agriculture Organization, a Canada-based specialized agency of the United Nations, predicts an annual fisheries and aquaculture production of 185 million tonnes in 2023, marking a 0.6% increase from 2022 levels. Consequently, the expanding fishing activity is spurring the demand for the small marine engines market.

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Which Fast-Growing Trends Are Poised to Disrupt the Small Marine Engines Market?
Technological advancement is a growing trend in the small marine engines market. Major players in this market are prioritizing the development of cutting-edge technologies and engaging in research and development activities to achieve a competitive advantage. An example of this trend is seen in Wartsila Corporation, a Finland-based manufacturer of small marine engines, who, in September 2022, released their innovative multi-fuel maritime engine, the Wartsila 25. This distinct engine functions on liquid or gaseous alternative fuels such as ammonia and can integrate a NOx reduction system when utilizing diesel fuel to completely adhere to IMO Tier III regulations on NOx emissions. This engine signifies significant progress towards the goals of decarbonization in the maritime industry and heralds a new age for medium-speed, small-bore engines that are prepared for future changes. The Wartsila 25, being a compact yet powerful motor that can adapt to new fuels, is an asset that is ready for future demands.

What Are the Emerging Segments in the Small Marine Engines Market?
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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Small Marine Engines Industry?
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.

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