Electric Outboard Motors Market Steady Expansion to US$393M by 2031 on 5.7% CAGR Momentum

QY Research has recently published a research report titled, "Global Electric Outboard Motors Market Insights, Industry Share, Sales Projections, and Demand Outlook 2025-2031". The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Electric Outboard Motors market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Electric Outboard Motors market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Electric Outboard Motors market. All of the leading companies included in the report are profiled based on gross margin, market share, future plans, recent developments, target customer demographics, products and applications, and other critical factors.

The global market for Electric Outboard Motors was estimated to be worth US$ 263 million in 2024 and is forecast to a readjusted size of US$ 393 million by 2031 with a CAGR of 5.7% during the forecast period 2025-2031.

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The electric outboard motor market is experiencing significant growth, driven by advancements in battery technology, increasing demand for environmentally friendly marine propulsion solutions, and evolving consumer preferences. Electric outboard motors are seen as a viable alternative to traditional gasoline-powered outboard motors, offering lower emissions, reduced noise pollution, and more efficient energy use, making them particularly attractive for recreational boating and commercial marine applications.

Product Types

The electric outboard motor market can be segmented into different product categories based on their power output.

Among these categories, Above 100hp is the fastest-growing product type. This growth is primarily due to the increasing need for high-power electric motors that can handle larger boats and commercial applications, where more power is required for long-distance cruising or heavy-duty use. As battery technology continues to improve, more powerful electric motors are being developed to meet the needs of larger vessels. These motors offer higher torque and extended range, which make them suitable for recreational boats, commercial boats, and even larger municipal and official boats.

In contrast, motors in the 10hp and Below and 10.1-35hp segments continue to dominate in the recreational boating sector, where the demand for smaller, more energy-efficient motors is high. These motors are ideal for small to medium-sized boats, which are commonly used for leisure activities like fishing, family outings, and short-distance travel.

Applications

The electric outboard motor market has a wide range of applications across various boat types, including: Recreation Boats, Commercial Boats, Municipal and Official Boats.

Recreation Boats: Electric outboard motors are widely used in recreational boating, where quiet operation, eco-friendliness, and ease of use are highly valued. These boats account for a substantial portion of the market, with Recreation Boats holding around 65% of the global market share. The demand for electric outboard motors in this segment is fueled by the growing popularity of outdoor recreational activities and the increasing environmental awareness of consumers. The ability to operate without noise and exhaust emissions makes electric motors an attractive option for individuals who enjoy fishing, cruising, or other water activities.

Regional Market Insights

North America remains the largest consumer market for electric outboard motors, accounting for approximately 39% of the global market share. The United States and Canada, in particular, have seen significant growth in the adoption of electric boating solutions, driven by a combination of environmental regulations, technological innovation, and consumer demand for sustainable products. Additionally, the growing trend of ""green"" tourism, as well as government incentives for adopting eco-friendly technologies, has spurred interest in electric outboard motors in the region.

Other regions, such as Europe and Asia-Pacific, are also contributing to the growth of the market. In Europe, strong environmental policies and a preference for sustainable solutions in marine transport are fueling demand for electric outboard motors. The Asia-Pacific region is witnessing an increase in demand due to the growing boating culture and rising environmental concerns.

Electric outboard motor market is witnessing rapid growth, with significant advances in motor power and battery technology. The Above 100hp category is the fastest-growing segment, driven by the increasing demand for high-powered motors for larger boats and commercial vessels. Recreation Boats continue to hold the largest market share, with the demand for electric outboard motors in this segment fueled by environmental concerns and the desire for quieter, cleaner boating experiences. North America remains the largest consumer market, but other regions such as Europe and Asia-Pacific are also showing strong growth potential.

As the industry continues to innovate and improve the performance and efficiency of electric outboard motors, the market is expected to expand further, offering more opportunities for both manufacturers and consumers. The shift toward electric propulsion in the boating industry aligns with broader trends in sustainability and eco-consciousness, providing a clear path for continued growth in the coming years.

Market Competition

The vendor landscape and competitive scenarios of the global Electric Outboard Motors market are broadly analyzed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the global Electric Outboard Motors market. Market players can use the analysis to prepare themselves for any future challenges well in advance.

Key Players Mentioned in the Global Electric Outboard Motors Market Research Report:

Minn Kota
Torqeedo
Mercury (MotorGuide)
ePropulsion Technology
CSM Tech
Pure Watercraft
AquaWatt
Haibo
Krautler Elektromaschinen
Aquamot
Elco Motor Yachts
Ray Electric Outboards
ACEL Power Inc
Evoy AS
Parsun Power

Market Segments

The report comes out as an accurate and highly detailed resource for gaining significant insights into the growth of different product and application segments of the global Electric Outboard Motors market. Each segment covered in the report is exhaustively researched about on the basis of market share, growth potential, drivers, and other crucial factors. The segmental analysis provided in the report will help market players to know when and where to invest in the global Electric Outboard Motors market. Moreover, it will help them to identify key growth pockets of the global Electric Outboard Motors market.

Segment by Type

10hp and Below 10hp
10.1-35hp
35.1-100hp
Above 100hp

Segment by Application

Recreation Boat
Commercial Boat
Municipal and Official Boat

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

While planning the strategic initiatives, market participants come across various questions and uncertainties. This report resolves various queries that most market players have regarding the global Electric Outboard Motors market.

Important Questions Answered included in the Report:

(1) Does the global Electric Outboard Motors market have growth potential?

(2) What are the growth opportunities for the new entrants in the global Electric Outboard Motors market?

(3) Who are the leading manufacturers operating in the global Electric Outboard Motors market? Will they maintain their dominance in future?

(4) What are the key strategies that market players may adopt to strengthen their presence in the global Electric Outboard Motors market?

(5) How will the competitive scenario undergo a change in years to come?

(6) What are the emerging trends that may influence the growth of the global Electric Outboard Motors market?

(7) What are the factors that may hamper the global Electric Outboard Motors market growth in the years ahead?

(8) Which product type segment is expected to exhibit promising growth in the near future?

(9) What application is anticipated to grab a major share in the global Electric Outboard Motors market?

(10) Which region is likely to emerge as a lucrative regional market in the forthcoming years?

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Table of Content

1 Market Overview
1.1 Electric Outboard Motors Product Introduction
1.2 Global Electric Outboard Motors Market Size Forecast
1.2.1 Global Electric Outboard Motors Sales Value (2020-2031)
1.2.2 Global Electric Outboard Motors Sales Volume (2020-2031)
1.2.3 Global Electric Outboard Motors Sales Price (2020-2031)
1.3 Electric Outboard Motors Market Trends & Drivers
1.3.1 Electric Outboard Motors Industry Trends
1.3.2 Electric Outboard Motors Market Drivers & Opportunity
1.3.3 Electric Outboard Motors Market Challenges
1.3.4 Electric Outboard Motors Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Electric Outboard Motors Players Revenue Ranking (2024)
2.2 Global Electric Outboard Motors Revenue by Company (2020-2025)
2.3 Global Electric Outboard Motors Players Sales Volume Ranking (2024)
2.4 Global Electric Outboard Motors Sales Volume by Company Players (2020-2025)
2.5 Global Electric Outboard Motors Average Price by Company (2020-2025)
2.6 Key Manufacturers Electric Outboard Motors Manufacturing Base and Headquarters
2.7 Key Manufacturers Electric Outboard Motors Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Electric Outboard Motors
2.9 Electric Outboard Motors Market Competitive Analysis
2.9.1 Electric Outboard Motors Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Electric Outboard Motors Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Outboard Motors as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 10hp and Below 10hp
3.1.2 10.1-35hp
3.1.3 35.1-100hp
3.1.4 Above 100hp
3.2 Global Electric Outboard Motors Sales Value by Type
3.2.1 Global Electric Outboard Motors Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Electric Outboard Motors Sales Value, by Type (2020-2031)
3.2.3 Global Electric Outboard Motors Sales Value, by Type (%) (2020-2031)
3.3 Global Electric Outboard Motors Sales Volume by Type
3.3.1 Global Electric Outboard Motors Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Electric Outboard Motors Sales Volume, by Type (2020-2031)
3.3.3 Global Electric Outboard Motors Sales Volume, by Type (%) (2020-2031)
3.4 Global Electric Outboard Motors Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Recreation Boat
4.1.2 Commercial Boat
4.1.3 Municipal and Official Boat
4.2 Global Electric Outboard Motors Sales Value by Application
4.2.1 Global Electric Outboard Motors Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Electric Outboard Motors Sales Value, by Application (2020-2031)
4.2.3 Global Electric Outboard Motors Sales Value, by Application (%) (2020-2031)
4.3 Global Electric Outboard Motors Sales Volume by Application
4.3.1 Global Electric Outboard Motors Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Electric Outboard Motors Sales Volume, by Application (2020-2031)
4.3.3 Global Electric Outboard Motors Sales Volume, by Application (%) (2020-2031)
4.4 Global Electric Outboard Motors Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Electric Outboard Motors Sales Value by Region
5.1.1 Global Electric Outboard Motors Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Electric Outboard Motors Sales Value by Region (2020-2025)
5.1.3 Global Electric Outboard Motors Sales Value by Region (2026-2031)
5.1.4 Global Electric Outboard Motors Sales Value by Region (%), (2020-2031)
5.2 Global Electric Outboard Motors Sales Volume by Region
5.2.1 Global Electric Outboard Motors Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Electric Outboard Motors Sales Volume by Region (2020-2025)
5.2.3 Global Electric Outboard Motors Sales Volume by Region (2026-2031)
5.2.4 Global Electric Outboard Motors Sales Volume by Region (%), (2020-2031)
5.3 Global Electric Outboard Motors Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Electric Outboard Motors Sales Value, 2020-2031
5.4.2 North America Electric Outboard Motors Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Electric Outboard Motors Sales Value, 2020-2031
5.5.2 Europe Electric Outboard Motors Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Electric Outboard Motors Sales Value, 2020-2031
5.6.2 Asia Pacific Electric Outboard Motors Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Electric Outboard Motors Sales Value, 2020-2031
5.7.2 South America Electric Outboard Motors Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Electric Outboard Motors Sales Value, 2020-2031
5.8.2 Middle East & Africa Electric Outboard Motors Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Electric Outboard Motors Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Electric Outboard Motors Sales Value and Sales Volume
6.2.1 Key Countries/Regions Electric Outboard Motors Sales Value, 2020-2031
6.2.2 Key Countries/Regions Electric Outboard Motors Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Electric Outboard Motors Sales Value, 2020-2031
6.3.2 United States Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Electric Outboard Motors Sales Value, 2020-2031
6.4.2 Europe Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Electric Outboard Motors Sales Value, 2020-2031
6.5.2 China Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.5.3 China Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Electric Outboard Motors Sales Value, 2020-2031
6.6.2 Japan Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Electric Outboard Motors Sales Value, 2020-2031
6.7.2 South Korea Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Electric Outboard Motors Sales Value, 2020-2031
6.8.2 Southeast Asia Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Electric Outboard Motors Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Electric Outboard Motors Sales Value, 2020-2031
6.9.2 India Electric Outboard Motors Sales Value by Type (%), 2024 VS 2031
6.9.3 India Electric Outboard Motors Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Minn Kota
7.1.1 Minn Kota Company Information
7.1.2 Minn Kota Introduction and Business Overview
7.1.3 Minn Kota Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Minn Kota Electric Outboard Motors Product Offerings
7.1.5 Minn Kota Recent Development
7.2 Torqeedo
7.2.1 Torqeedo Company Information
7.2.2 Torqeedo Introduction and Business Overview
7.2.3 Torqeedo Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Torqeedo Electric Outboard Motors Product Offerings
7.2.5 Torqeedo Recent Development
7.3 Mercury (MotorGuide)
7.3.1 Mercury (MotorGuide) Company Information
7.3.2 Mercury (MotorGuide) Introduction and Business Overview
7.3.3 Mercury (MotorGuide) Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Mercury (MotorGuide) Electric Outboard Motors Product Offerings
7.3.5 Mercury (MotorGuide) Recent Development
7.4 ePropulsion Technology
7.4.1 ePropulsion Technology Company Information
7.4.2 ePropulsion Technology Introduction and Business Overview
7.4.3 ePropulsion Technology Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 ePropulsion Technology Electric Outboard Motors Product Offerings
7.4.5 ePropulsion Technology Recent Development
7.5 CSM Tech
7.5.1 CSM Tech Company Information
7.5.2 CSM Tech Introduction and Business Overview
7.5.3 CSM Tech Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 CSM Tech Electric Outboard Motors Product Offerings
7.5.5 CSM Tech Recent Development
7.6 Pure Watercraft
7.6.1 Pure Watercraft Company Information
7.6.2 Pure Watercraft Introduction and Business Overview
7.6.3 Pure Watercraft Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Pure Watercraft Electric Outboard Motors Product Offerings
7.6.5 Pure Watercraft Recent Development
7.7 AquaWatt
7.7.1 AquaWatt Company Information
7.7.2 AquaWatt Introduction and Business Overview
7.7.3 AquaWatt Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 AquaWatt Electric Outboard Motors Product Offerings
7.7.5 AquaWatt Recent Development
7.8 Haibo
7.8.1 Haibo Company Information
7.8.2 Haibo Introduction and Business Overview
7.8.3 Haibo Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Haibo Electric Outboard Motors Product Offerings
7.8.5 Haibo Recent Development
7.9 Krautler Elektromaschinen
7.9.1 Krautler Elektromaschinen Company Information
7.9.2 Krautler Elektromaschinen Introduction and Business Overview
7.9.3 Krautler Elektromaschinen Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Krautler Elektromaschinen Electric Outboard Motors Product Offerings
7.9.5 Krautler Elektromaschinen Recent Development
7.10 Aquamot
7.10.1 Aquamot Company Information
7.10.2 Aquamot Introduction and Business Overview
7.10.3 Aquamot Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Aquamot Electric Outboard Motors Product Offerings
7.10.5 Aquamot Recent Development
7.11 Elco Motor Yachts
7.11.1 Elco Motor Yachts Company Information
7.11.2 Elco Motor Yachts Introduction and Business Overview
7.11.3 Elco Motor Yachts Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Elco Motor Yachts Electric Outboard Motors Product Offerings
7.11.5 Elco Motor Yachts Recent Development
7.12 Ray Electric Outboards
7.12.1 Ray Electric Outboards Company Information
7.12.2 Ray Electric Outboards Introduction and Business Overview
7.12.3 Ray Electric Outboards Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Ray Electric Outboards Electric Outboard Motors Product Offerings
7.12.5 Ray Electric Outboards Recent Development
7.13 ACEL Power Inc
7.13.1 ACEL Power Inc Company Information
7.13.2 ACEL Power Inc Introduction and Business Overview
7.13.3 ACEL Power Inc Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 ACEL Power Inc Electric Outboard Motors Product Offerings
7.13.5 ACEL Power Inc Recent Development
7.14 Evoy AS
7.14.1 Evoy AS Company Information
7.14.2 Evoy AS Introduction and Business Overview
7.14.3 Evoy AS Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Evoy AS Electric Outboard Motors Product Offerings
7.14.5 Evoy AS Recent Development
7.15 Parsun Power
7.15.1 Parsun Power Company Information
7.15.2 Parsun Power Introduction and Business Overview
7.15.3 Parsun Power Electric Outboard Motors Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Parsun Power Electric Outboard Motors Product Offerings
7.15.5 Parsun Power Recent Development

8 Industry Chain Analysis
8.1 Electric Outboard Motors Industrial Chain
8.2 Electric Outboard Motors Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Electric Outboard Motors Sales Model
8.5.2 Sales Channel
8.5.3 Electric Outboard Motors Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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