openPR Logo
Press release

Outboard Engines Market to Reach USD 14.65 Billion by 2029, Growing at 5% CAGR

Outboard Engines Market

Outboard Engines Market

Rising demand for recreational boating, fishing activities, and water sports fuels global outboard engines market growth.

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.

Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected to Reach USD 298.25 Billion by 2030
Industrial Internet of Things (IIoT) Market Outlook and Future Trends - Expected …
Industrial Internet of Things (IIoT) Market size was valued at USD 182.13 Billion in 2023 and the total Industrial Internet of Things (IIoT) revenue is expected to grow at a CAGR of 7.3% from 2024 to 2030, reaching nearly USD 298.25 Billion by 2030. Industrial Internet of Things (IIoT) Market Overview: The Industrial Internet of Things (IIoT) Market is transforming industrial operations by connecting machines, sensors, and devices to generate real-time data
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion by 2032
Edge AI Market Outlook and Future Trends - Expected to Reach USD 90.77 Billion b …
Edge AI Market size was valued at USD 20.97 Billion in 2024 and the total Edge AI revenue is expected to grow at a CAGR of 20.1% from 2025 to 2032, reaching nearly USD 90.77 Billion. Edge AI Market Overview: The Edge AI Market is revolutionizing how artificial intelligence operates by bringing computation and data processing closer to the data source instead of relying solely on centralized cloud systems. This decentralized approach
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of 6.24% (2025-2032)
Marine Coatings Market to Reach USD 10.20 Billion by 2032, Growing at a CAGR of …
Marine Coatings Market was valued at USD 6.28 Billion in 2024, and it is expected to reach USD 10.20 Billion by 2032, exhibiting a CAGR of 6.24% during the forecast period (2025-2032). Marine Coatings Market Overview Marine coatings are specialized coatings applied to ships and marine vessels to enhance aesthetics, protect against corrosion and fouling below the waterline, and resist the effects of UV radiation, chemicals, and impact above the waterline. These
Smart Bathroom Market Outlook and Future Trends - Expected to Reach USD 10.95 Billion by 2032
Smart Bathroom Market Outlook and Future Trends - Expected to Reach USD 10.95 Bi …
Smart Bathroom Market size was valued at USD 4.92 Billion in 2024 and the total Smart Bathroom revenue is expected to grow at a CAGR of 10.5% from 2025 to 2032, reaching nearly USD 10.95 Billion. Smart Bathrooms Market Overview: The Smart Bathrooms Market has gained significant momentum as modern consumers increasingly prioritize convenience, sustainability, and luxury in home design. A smart bathroom integrates advanced technologies such as automated faucets, intelligent toilets,

All 5 Releases


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
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,
Development Trends and Competitive Analysis of Key Manufacturers in the Outboard …
"Worldwide Market Reports offers 𝐔𝐩𝐭𝐨 𝟕𝟎% 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 on Outboard Motor Rebuild Service Market Reports on Single User Access and Unlimited User Access" The report discusses everything a marketer requires before investing in the global Outboard Motor Rebuild Service during the forecast period 2023-2030. It provides detailed insight into current trends, shares, size, and sales value and volume. The data used for this report is obtained from reliable industry sources, paid resources,