Press release
Future of Outboard Engines Market: Size, Share & Forecasts to 2029
Outboard Engines
What Is the Projected Market Size Valuation of the Outboard Engines Market by 2025?
There has been a consistent expansion in the market size of outboard engines over the past few years. The market, valued at $9.84 billion in 2024, is forecasted to increase to $10.21 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.8%. This increase during this period is credited to several factors including the rise in boating and recreational activities, the growth of the fishing industry, the growth in marine tourism, expansion of the boat manufacturing industry, alongside economic influences and the uptick in disposable income.
What Is the Estimated Market Growth Value for the Outboard Engines Industry in 2029?
Anticipated robust expansion is on the horizon for the outboard engines market, with projections indicating a swell to $13.12 billion by 2029, coupled with a compound annual growth rate (CAGR) of 6.5%. The upward trend in the forecast period is, in large part, fueled by the electrification of marine propulsion, stringent emission legislations, increasing enthusiasm for water sports, a surge in the call for small boats, and an international proliferation of boating lifestyle. The forecast period is also marked by key trends such as the rise of smart and connected technologies, advancements in the technological landscape, the integration of high-end technologies, the growing request for eco-sensitive engines, and a transition towards electric and hybrid propulsion.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/outboard-engines-global-market-report
What Are the Growth Drivers and Opportunities in the Outboard Engines Market?
The outboard engine market is set to grow, propelled by the escalating production and sales of yachts. Yachts, large sailboats, or motorboats used for racing or pleasure cruises, commonly employ outboard engines for propulsion due to their simplicity and ease of mounting. As an example, statistics from the National Marine Manufacturers Association in May 2023 reveal that 2022 saw the U.S. recreational boating industry selling over 260,000 new boats, and more than a million pre-owned boats. Remarkably, about 95% of the 12 million boats registered in the U.S. are less than 26 feet in length. This surge in yacht production and sales is, therefore, a significant driving force for the outboard engine market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9831&type=smp
What Are the Primary Segments Covered in the Global Outboard Engines Market Report?
The outboard engines market covered in this report is segmented -
1) By Type: Fuel-Oil Outboard, Electric Outboard
2) By Engine Type: 2-Stroke, 4-Stroke, Electric
3) By Application: Personal Boat, Commercial Boat, Government Enforcement Boat, Other Applications
Subsegments:
1) By Fuel-Oil Outboard: Two-Stroke Engines, Four-Stroke Engines
2) By Electric Outboard: Battery-Powered, Solar-Powered
What Are the Top Growth Trends in the Outboard Engines Market?
Major companies in the outboard engine market are prioritizing the development of innovative products like outboard engines that improve performance and the user experience. They are also emphasizing sustainable practices by using recyclable materials and environmentally friendly manufacturing processes. An outboard engine, which is a propulsion system that is externally mounted at the back of a boat and combines the engine and gearbox, provides easy maintenance and adaptability for various vessel types. In October 2023, for instance, Honda Marine, a company based in Georgia, introduced the BF350 outboard engine. This engine boasts 350 horsepower and advanced features like VTEC and BLASTTM technologies, which ensure powerful performance and fuel efficiency for larger boats. Thanks to its design which prioritizes reliability and ease of use, the Honda BF350 outboard engine is well-suited for both leisure and commercial boating requirements.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=9831&type=smp
Which Companies Are Shaping the Future of the Outboard Engines Market?
Major companies operating in the outboard engines market include Honda Motor Co Ltd., Volvo Penta, Suzuki Motor Corporation, Yamaha Motor Co Ltd., Brunswick Corporation, Mercury Marine, Torqeedo GmbH, Lehr LLC, Oxe Marine AB, Cox Powertrain Ltd., Hidea Power Machinery Co Ltd., Golden Motor Technology Co Ltd., Mudd Hog Mud Motors LLC, Parsun Power Machine Co Ltd., Powertec Outboards, Tohatsu Corporation, Evinrude Outboard Motors, Selva Marine S.p.A., Suzhou Sail Motor Co Ltd., SeaProp 60 Outboard Motors, Mikatsu Marine Outboards, Ray Electric Outboards, Zongshen Selva Marine Co Ltd., Aquawatt Electric Outboards, Pioneer Engines, Minn Kota Motors, Seven Marine LLC
Which Region Holds the Largest Market Share in the Outboard Engines Industry?
North America was the largest region in the outboard engines market in 2024. The regions covered in the outboard engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
#Reach Out to Us#
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Future of Outboard Engines Market: Size, Share & Forecasts to 2029 here
News-ID: 4173270 • Views: …
More Releases from The Business Research Company
Global Fuel Cell Vehicle Market Worth $14.81 Billion by 2029, Growing at 46.4% C …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Fuel Cell Vehicle Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the fuel cell vehicle market has witnessed a significant expansion. The figures are projected to increase from $2.15 billion in 2024 to about $3.23 billion by 2025, with a compound annual growth…
Driver Assistance Systems For Locomotives Market to Grow at 4.6% CAGR, Reaching …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Driver Assistance Systems For Locomotives Market Outlook: How is the Market Expected to Grow by 2025?
The market size for driver assistance systems in locomotives has seen robust growth over the past few years. The market, which stands at $9.11 billion in 2024, is predicted to expand to $9.35 billion…
Yacht Industry Expected to Reach $10.79 Billion by 2029 at 3.5% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Yacht Market Value Projection: How Much Will the Market Size by 2025?
Over the past few years, there has been a consistent expansion in the yacht market. It is projected to escalate from $9.06 billion in 2024 to $9.41 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.8%.…
Global Brake Hoses Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Brake Hoses Market Size Forecast for 2025?
In recent times, there has been a consistent growth in the market size of brake hoses. The market is expected to expand from a size of $18.07 billion in 2024 to a value of $18.91 billion in 2025, registering a…
More Releases for Outboard
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,…
Global Electric Outboard Motors Market Growth 2020-2025
This report also researches and evaluates the impact of Covid-19 outbreak on the Electric Outboard Motorsindustry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Electric Outboard Motorsand market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Scope of the Report:
The report presents the market outlook for the Indian Phospho Gypsum product from the year 2019 to the…
