Outboard Boats Market on Path to Hit $9.41 Billion by 2029 at 8.9% CAGR

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Outboard Boats Market Outlook: What Size And CAGR Are Anticipated By 2025?
Over the past years, the market size of outboard boats has significantly increased. It is forecasted to rise from $6.2 billion in 2024 to $6.69 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.9%. Factors such as consumer preferences, boating regulations, environmental considerations, boating infrastructure, and cultural shifts have all contributed to this growth during the historic period.

What Is the Expected CAGR for the Outboard Boats Market Growth Through 2029?
The market for outboard boats is set to surge significantly in the upcoming years, with an estimated value of $9.41 billion by 2029 and a compound annual growth rate (CAGR) of 8.9%. The predicted expansion during this period is due to factors such as the incorporation of safety features, increased disposable income, the prevalence of online sales platforms, the uptake of electric propulsion, and the growth of boating tourism. The forecast period is also expected to see major shifts in trends, including the rise of hybrid and electric propulsion, the popularity of modular and personalized design, the evolution of autonomous and supported navigation, and the emergence of luxury and high-performance sectors, along with improved connectivity.

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What Are the Primary Drivers Behind Outboard Boats Market Growth?
The rise in demand for recreational pursuits is predicted to boost the expansion of the outboard boat market. Recreational activities, which can be conducted indoors or outdoors during leisure moments, are meant for exercise, relaxation, and fun. The outboard boats are gaining popularity among water sports and leisure enthusiasts due to their adaptability, ease of operation, and cost-effectiveness. For instance, the Outdoor Foundation, a US-based organization, reported in 2023 that the participation in outdoor recreation soared by 2.3% in 2022, reaching a record 168.1 million people, representing 55% of the U.S. populace aged six and above. Consequently, the amplified demand for recreational activities is steering the growth of the outboard boat market.

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What Are the Key Segments Driving Outboard Boats Market Growth?
The outboard boats market covered in this report is segmented -

1) By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
2) By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
3) By End User: Fishing, Water Taxi, Transportation, Hospitality Business

Subsegments:
1) By Recreational Boats: Fishing Boats, Ski Or Wakeboard Boats, Pleasure Cruisers, Pontoon Boats, Rigid Inflatable Boats (RIBs)
2) By Rigid Inflatable Boats (RIBs): Small RIBs, Medium RIBs, Large RIBs
3) By Small Utility Boats: Jon Boats, Dinghies, Flat Bottom Boats, Canoes And Kayaks

What Are the Technological Trends Impacting the Outboard Boats Market?
The uptake of cutting-edge technologies is becoming a significant trend in the outboard boat market. Major businesses in this sector are concentrating on creating novel solutions to solidify their market standing. For example, in September 2023, Honda Marine, a company based in Japan that manufactures marine engines, unveiled its first commercially available V8 outboard motor, the BF350, at the Genoa International Boat Show. This robust motor is crafted to deliver superior performance for larger boats, with enhanced torque, acceleration, and maximum speed. Furthermore, the BF350 is equipped with sophisticated cooling and corrosion-resistant technologies, ensuring its longevity and dependability for marine applications.

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Who Are the Major Competitors in the Global Outboard Boats Market?
Major companies operating 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., Bass Cat Boats, Chaparral Boats Inc., Cobalt Boats, Crownline Boats, Grady-White Boats Inc., Hewescraft, Cruisers Yachts, Lowe Boats, Lund Boat Company Inc., NauticStar Boats, Regal Boats, Robalo Boats, Skeeter Products Inc., Sportsman Boats Manufacturing Inc., Starcraft Marine LLC, Stratos Boats, Sylvan Marine, Fisherman's Boat Group Inc.

Which Region Dominates the Outboard Boats Market Share in 2025?
North America was the largest region in the outboard boat market in 2024. Asia-Pacific is expected to be the fastest-growing region in the outboard boat market report during 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, Africa

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