According to IMARC Group latest report titled “Outboard Engines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on outboard engines market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global outboard engines market size reached US$ 10.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.62% during 2024-2032.
Request a Sample Report: https://www.imarcgroup.com/outboard-engines-market/requestsample
Outboard Engines Market Overview:
Outboard engines are a type of propulsion system commonly used for marine vehicles, particularly small to medium-sized boats. These engines are designed to be mounted externally at the stern of the vessel, which offers several advantages including ease of access for maintenance, cooling, and replacement. Unlike inboard engines that are fixed within the hull, outboard motors can be tilted or lifted, reducing the risk of damage in shallow waters. Outboard engines vary widely in power output, from small 2-horsepower engines suitable for dinghies and small fishing boats to powerful horsepower engines used for larger recreational and fishing boats. The design of outboard engines incorporates both the motor that generates the power and the propeller that drives the boat forward, integrated into a single unit. This design simplifies the transmission of power to the propeller and improves efficiency.
Outboard Engines Market Trends:
The global market for outboard engines is driven by a combination of technological advancements, increasing consumer spending on leisure activities, and a rising interest in water sports. Consumers’ growing preference for high-powered boats, partly due to advancements in engine technologies that offer greater efficiency and lower emissions, is also propelling market growth. Manufacturers are increasingly focusing on developing lighter, more fuel-efficient, and environmentally friendly engines in response to stringent environmental regulations and heightened consumer awareness of sustainability issues. This shift is evident in the rising popularity of four-stroke engines, which are replacing two-stroke engines due to their better fuel efficiency and compliance with environmental norms. Furthermore, the market is witnessing a trend towards the integration of technologies such as digital throttling and shift systems, which enhance the boating experience by making it easier to operate the boats. The expansion of the tourism sector globally also plays a crucial role, as many tourists seek boating experiences, thereby increasing the demand for outboard engines.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/outboard-engines-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- BRP Inc.
- Brunswick Corporation
- Cox Powertrain Ltd.
- Elco Motor Yachts
- Hidea Power Machinery Co. Ltd.
- Honda Motor Co. Ltd.
- Suzhou Parsun Power Machine
- Suzuki Marine USA LLC (Suzuki Motor Corporation)
- Tohatsu Corporation
- Yamaha Motor Co. Ltd.
Outboard Engines Market Segmentation:
Our report has categorized the market based on the engine type, power type, and application.
Engine Type Insights:
- Diesel
- Gasoline
- Electric
Power Type Insights:
- Less than 30 HP
- 30 HP to 100 HP
- Above 100 HP
Application Insights:
- Commercial
- Recreational
- Military
Regional Insights:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group’s information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company’s top areas of expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163