Press release
Outboard Engines Market to Reach USD 14.65 Billion by 2029, Growing at 5% CAGR
Outboard Engines Market
According to a new report, the global Outboard Engines Market was valued at USD 10.41 billion in 2022 and is projected to reach USD 14.65 billion by 2029, expanding at a CAGR of 5% during the forecast period (2023-2029). Growth is driven by the rising popularity of recreational boating, fishing, and water sports, alongside technological advancements in engine efficiency and fuel economy.
Inquire for More Details: https://www.maximizemarketresearch.com/request-sample/106127/
Key Highlights
Market Size & CAGR: USD 10.41 Bn in 2022 → USD 14.65 Bn by 2029 at 5% CAGR.
Leading Segment: Diesel outboard engines gaining traction due to safety and efficiency, especially in military and commercial use.
Fastest-Growing Region: Asia Pacific expected to lead, supported by rising disposable incomes and marine recreation.
Key Drivers: Growth in recreational boating, fuel-efficient technologies, and expansion of water sports clubs.
Top Companies: Yamaha, Suzuki, Honda, Brunswick, Mercury Marine, Torqeedo, Seven Marine, Powertec, Hidea.
Market Outlook
The outboard engines market is witnessing steady growth, supported by demand for small and medium-powered boats used in fishing, leisure, and transport. Advances in propeller materials, BLAST technology, and fuel injection are enhancing performance, durability, and efficiency. Recreational boating is a major growth driver, with the U.S. Coast Guard reporting over 84.5 million Americans participated in boating in 2018. Rising consumer spending on leisure activities further supports market expansion.
Regional Insights
North America: Accounted for over 40% market share in 2020, driven by strong recreational boating culture and consumer spending. Annual marine product expenditure reached USD 47 billion in 2020 in the U.S.
Europe: Growth supported by rising boat sales, recreational boating, and water sports popularity.
Asia-Pacific: Expected to dominate by 2029 due to economic growth, rising disposable incomes, and increased investment in boat manufacturing.
Middle East, Africa & South America: Emerging opportunities from growing water sports activities and defense applications.
Curious to peek inside? Grab your sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/106127/
Key Players
The competitive landscape features leading global manufacturers focusing on innovation, distribution networks, and environmentally friendly designs. Key companies include:
Yamaha Motor Co., Ltd.
Suzuki Motor Corporation
Honda Motor Co., Ltd.
Brunswick Corporation (Mercury Marine, Freedom Boat Club)
Tohatsu America Corp.
Torqeedo GmbH
Seven Marine LLC
Hidea Power Machinery Co., Ltd.
Elco Motor Yachts, LLC
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-outboard-engines-market/106127/
Analyst Quote
The outboard engines market is set for sustainable growth, driven by recreational boating, fishing, and rising demand for fuel-efficient engines. Asia-Pacific and North America remain key markets, while diesel outboard innovations present new opportunities," said a lead analyst from the research team.
Uncover Trending Topics:
Global UHF-RFID Inlays Market https://www.maximizemarketresearch.com/market-report/global-uhf-rfid-inlays-market/93554/
Global Hydrogen Analyzers for Laboratory Market https://www.maximizemarketresearch.com/market-report/global-hydrogen-analyzers-for-laboratory-market/54215/
Global Wheelbarrows Market https://www.maximizemarketresearch.com/market-report/global-wheelbarrows-market/91657/
Hybrid Heat Pump Market https://www.maximizemarketresearch.com/market-report/hybrid-heat-pump-market/147438/
Global Polybenzoxazine Resins Market https://www.maximizemarketresearch.com/market-report/global-polybenzoxazine-resins-market/23854/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Outboard Engines Market to Reach USD 14.65 Billion by 2029, Growing at 5% CAGR here
News-ID: 4164953 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Tea Market to Reach USD 134.96 Billion by 2032 at 6.6% CAGR
Tea Market: Growth, Competitive Landscape, and Strategic Outlook
The Tea Market size was valued at USD 86.28 Billion in 2025, and the total Tea Market revenue is expected to grow at a CAGR of 6.6% from 2025 to 2032, reaching nearly USD 134.96 Billion by 2032.
The Tea Market continues to demonstrate steady expansion, driven by rising global consumption, evolving consumer preferences toward health-oriented beverages, and strong cultural relevance across regions. Tea…
Fast Fashion Market Growth Driven by Digital Retail and Trends
Fast Fashion Market: Industry Evolution, Competitive Landscape, and Future Potential
The Fast Fashion Market was valued at USD 114.71 billion in 2024 and is projected to expand at a CAGR of 7.59% from 2025 to 2032, reaching nearly USD 205.96 billion. This growth is fueled by rising demand for trendy, affordable apparel, the surge in online retail, and the influence of social media-driven fashion trends worldwide.
Market Overview
The Fast Fashion Market has…
India Gem and Jewellery Market to Grow at 17.35% CAGR, Reaching USD 133.96 Billi …
India Gem and Jewellery Market: Growth, Dynamics, and Future Outlook
The India Gem and Jewellery Market size was valued at USD 85.40 Billion in 2024, and the total India Gem and Jewellery Market revenue is expected to grow at a CAGR of 6.8% from 2025 to 2032, reaching nearly USD 145.90 Billion by 2032.
Market Overview
The India Gem and Jewellery Market is one of the most prominent and culturally significant segments of…
Pickleball Market to Reach USD 3.50 Billion by 2032 at 10.2% CAGR
Revealing the Newest Developments in the Pickleball Market:
Maximize Market Research, a prominent business consulting firm, has published an in-depth report on the Pickleball Market. The study delivers key business insights such as demand trends, pricing analysis, and a detailed review of the competitive landscape. It thoroughly assesses the current market conditions and includes forecasts for the Pickleball Market through the year 2030.
Request Sample Report on US Tariff Effects…
More Releases for Outboard
Scott Electric Outboard Launches Refurbished Electric Outboard Motors to Offer A …
Introduction to Refurbished Electric Outboard Motors
So, you're thinking about buying an electric outboard motor but don't want to break the bank? That's where refurbished options come into play. But what exactly does "refurbished" mean, and how is it different from just buying a used motor? Let's break it down.
What does "refurbished" really mean?
A refurbished electric outboard motor isn't just a second-hand item pulled out of storage. It's a pre-owned motor…
Surge In Recreational Activities Drives Growth In Outboard Boat Market: A Key Dr …
The Outboard Boats Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Outboard Boats Market Size Expected to Be by 2034?
In recent times, the market size for outboard boats has seen a notable increase. It's projected to escalate from $6.2 billion in…
Global Outboard Motor Industry Chain Analysis 2025
Global Info Research announces the release of the report "Global Outboard Motor Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company…
Prominent Outboard Boats Market Trend for 2025: Transformative Technologies Resh …
How Are the key drivers contributing to the expansion of the outboard boats market?
The rise in interest for leisure activities is anticipated to fuel the expansion of the outboard boat market in the future. Leisure activities, whether indoors or outdoors, are activities undertaken during free time for physical workout, relaxation, and enjoyment. Outboard boats are gaining popularity among water sports and leisure hobbyists due to their adaptability, straightforward use, and…
Marine Outboard Engines Market Report 2024: Growth Analysis
The marine outboard engines market size has grown steadily in recent years. It will grow from $4.37 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to recreational boating trends, consumer preferences for lightweight engines, boating industry expansion, environmental regulations, economic growth.
The marine outboard engines market size is expected to see steady…
Outboard Engines Market Demand and Growth Trends in the Outboard Engines Market …
Coherent Market insight has published a new research report titled "Outboard Engines Market, along with analyses of the cost structure, supply chain, development management techniques, retailer analysis, financial support, business strategies, and marketing channels. The global market size, regional market size, country-level market size, segmentation market growth, market share, competitive landscape, sales analysis, the impact of domestic and international market players, value chain optimization, trade regulations, recent developments, opportunities analysis,…
