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Outboard Engines Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5806866
The outboard engines market size has grown strongly in recent years. It will grow from $9.43 billion in 2023 to $9.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period can be attributed to boating and recreational activities, the growth of the fishing industry, the expansion of marine tourism, the boat manufacturing industry, and economic factors influencing disposable income.

The outboard engines market size is expected to see strong growth in the next few years. It will grow to $12.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be attributed to the electrification of marine propulsion, adherence to stringent emission regulations, increasing interest in water sports, a rising demand for small boats, and the global expansion of boating culture. Major trends in the forecast period include the integration of smart and connected technologies, advancements in technology, the adoption of advanced technologies, a surge in demand for environmentally friendly engines, and a shift towards electric and hybrid propulsion.

The anticipated increase in the production and sales of yachts is expected to drive the growth of the outboard engine market. Yachts, referring to large sailboats or motorboats primarily used for racing or pleasure cruises, heavily rely on outboard engines for propulsion due to their simplicity and easy mounting. As an example, data from Vesselsvalue Limited, a UK-based online valuation and data provider for the maritime industry, reported a substantial surge in the sales of superyachts in 2021. A total of 887 units were sold, indicating a remarkable 77% increase compared to the figures recorded in 2020. This significant rise in yacht sales is poised to be a key driver propelling the outboard engine market, as the demand for these engines continues to align with the growing production and sales of yachts.

The anticipated expansion of the tourism industry is expected to be a significant driver for the growth of the outboard engine market. The tourism industry involves economic activities associated with the movement of people, or tourists, for various purposes such as leisure, recreation, business, and non-residential activities. Outboard engines play a crucial role in the tourism sector by powering boats and watercraft used for recreational purposes, sightseeing, and eco-tourism excursions. These engines offer reliable and efficient means of transportation, allowing tourists to explore coastal areas, lakes, and rivers. The versatility, ease of use, and portability of outboard engines make them a popular choice for various water activities related to tourism. For example, data from January 2023 provided by the United Nations World Tourism Organization (UNWTO), a specialized agency based in Spain, indicated that over 900 million tourists traveled internationally in 2022, representing twice the number recorded in 2021. The Middle East experienced remarkable relative growth in tourist arrivals, reaching 83% of pre-pandemic levels. Consequently, the expanding tourism industry is driving the growth of the outboard engine market.

The prevailing trend in the outboard engine market revolves around product innovation, with major companies emphasizing the development of engines that prioritize enhanced fuel efficiency and reduced emissions. Mercury Marine, a prominent US-based manufacturer in the outboard engine sector, exemplified this trend in February 2021 with the launch of their 7.6-liter V12 600-Verado outboard engine. Distinguished by a steerable gearcase that pivots up to 45 degrees (an improvement from the standard 30 degrees), this engine significantly amplifies a boat's maneuverability. Equipped with contra-rotating propellers, the Verado outboard engine further enhances agility, while its two-speed automatic transmission stands as an additional feature, solidifying its technological advancement in the market.

Prominent players in the outboard engine market are spearheading the introduction of innovative products, such as electric outboard motors, aiming to establish a competitive advantage. Electric outboard motors represent a propulsion shift in boats and watercraft, utilizing electric power instead of conventional fuel sources. A prime example emerged in November 2023 when ePropulsion, a Hong Kong-based outboard motor company, unveiled its groundbreaking X Series of electric outboard motors. This series encompasses three distinct models including the X12 delivering 12kW power, the X20 generating 20kW, and the high-powered X40 boasting an impressive 40kW output. These motors collectively achieve an exceptional total powertrain efficiency of 88.2%, setting a new benchmark for environmentally conscious cruising. The X Series stands out for its commitment to innovation, incorporating a proprietary algorithm for propellers, frequency resonance isolation, and vibration dampening technology, promising a quieter and smoother experience. Weighing up to 36% less than traditional counterparts, the X Series boasts a compact, fully integrated design, consolidating steering, power trim/tilt, and control units to facilitate easy installation and optimize onboard space. Leveraging ePropulsion's Smart System Architecture (eSSA), the motors ensure a seamless experience, enabling integration with renewable energy sources. Additionally, the X Series includes Advanced Driving Assistance Systems, connectivity features, and compliance with the latest IEC standards, marking a significant redefinition of electric propulsion for a cleaner, quieter, and more interconnected boating experience.

In November 2022, Correct Craft, a U.S.-based manufacturer specializing in powerboats primarily used for waterskiing, wakeboarding, and wake surfing, completed the acquisition of Indmar Marine Engines for an undisclosed amount. This strategic move is set to broaden Correct Craft's portfolio by incorporating outboard engine manufacturing into its offerings. Indmar Marine Engines, the acquired company, is a U.S.-based manufacturer known for its production of marine engines.

Major companies operating in the outboard engines market report are Honda Motor Co. Ltd., Volvo Penta, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., Brunswick Corporation, Bombardier Recreational Products Inc., Mercury Marine, Electric Launch Company, 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, Spirit Marine Outboards, Tohatsu Corporation, Evinrude Outboard Motors, Selva Marine S.p.A., Suzhou Sail Motor Co. Ltd., SeaProp 60 Outboard Motors, Tanaka Outboards, Mikatsu Marine Outboards, Ray Electric Outboards, Zongshen Selva Marine Co. Ltd., Aquawatt Electric Outboards, Sevaan Outboard Motors, Pioneer Engines, Minn Kota Motors, Seven Marine LLC.

North America was the largest region in the outboard engines market in 2023. The regions covered in the outboard engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the outboard engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Outboard engines primarily fall into two categories such as fuel-oil outboards and electric outboards. Fuel-oil outboards utilize fuel-oil as energy to power the boat and come in various engine types such as 2-stroke, 4-stroke, and electric variations. These engines serve a multitude of applications including personal boats, commercial vessels, government enforcement boats, and various other uses.

The outboard engine market research report is one of a series of new reports that provides outboard engine optical components market statistics, including outboard engine optical components industry global market size, regional shares, competitors with an outboard engine optical components market share, detailed outboard engine optical components market segments, market trends and opportunities, and any further data you may need to thrive in the outboard engine optical components industry. This outboard engine optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The outboard engine market consists of sales of trolling outboard engines and jet drive outboard engines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Outboard Engines Market Characteristics3. Outboard Engines Market Trends and Strategies
4. Outboard Engines Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Outboard Engines Market Size and Growth
5.1. Global Outboard Engines Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Outboard Engines Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Outboard Engines Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Outboard Engines Market Segmentation
6.1. Global Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Fuel-Oil Outboard
  • Electric Outboard
6.2. Global Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Type: 2-Stroke
  • 4-Stroke
  • Electric
6.3. Global Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Personal Boat
  • Commercial Boat
  • Government Enforcement Boat
  • Other Applications
7. Outboard Engines Market Regional and Country Analysis
7.1. Global Outboard Engines Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Outboard Engines Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Outboard Engines Market
8.1. Asia-Pacific Outboard Engines Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Outboard Engines Market
9.1. China Outboard Engines Market Overview
9.2. China Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Outboard Engines Market
10.1. India Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Outboard Engines Market
11.1. Japan Outboard Engines Market Overview
11.2. Japan Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Outboard Engines Market
12.1. Australia Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Outboard Engines Market
13.1. Indonesia Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Outboard Engines Market
14.1. South Korea Outboard Engines Market Overview
14.2. South Korea Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Outboard Engines Market
15.1. Western Europe Outboard Engines Market Overview
15.2. Western Europe Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Outboard Engines Market
16.1. UK Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Outboard Engines Market
17.1. Germany Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Outboard Engines Market
18.1. France Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Outboard Engines Market
19.1. Italy Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Outboard Engines Market
20.1. Spain Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Outboard Engines Market
21.1. Eastern Europe Outboard Engines Market Overview
21.2. Eastern Europe Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Outboard Engines Market
22.1. Russia Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Outboard Engines Market
23.1. North America Outboard Engines Market Overview
23.2. North America Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Outboard Engines Market
24.1. USA Outboard Engines Market Overview
24.2. USA Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Outboard Engines Market
25.1. Canada Outboard Engines Market Overview
25.2. Canada Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Outboard Engines Market
26.1. South America Outboard Engines Market Overview
26.2. South America Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Outboard Engines Market
27.1. Brazil Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Outboard Engines Market
28.1. Middle East Outboard Engines Market Overview
28.2. Middle East Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Outboard Engines Market
29.1. Africa Outboard Engines Market Overview
29.2. Africa Outboard Engines Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Outboard Engines Market, Segmentation by Engine, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Outboard Engines Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Outboard Engines Market Competitive Landscape and Company Profiles
30.1. Outboard Engines Market Competitive Landscape
30.2. Outboard Engines Market Company Profiles
30.2.1. Honda Motor Co. Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Volvo Penta
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Suzuki Motor Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Yamaha Motor Co. Ltd.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Brunswick Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Outboard Engines Market Other Major and Innovative Companies
31.1. Bombardier Recreational Products Inc.
31.2. Mercury Marine
31.3. Electric Launch Company
31.4. Torqeedo GmbH
31.5. Lehr LLC
31.6. Oxe Marine AB
31.7. Cox Powertrain Ltd.
31.8. Hidea Power Machinery Co. Ltd.
31.9. Golden Motor Technology Co. Ltd.
31.10. Mudd Hog Mud Motors LLC
31.11. Parsun Power Machine Co. Ltd.
31.12. Powertec Outboards
31.13. Spirit Marine Outboards
31.14. Tohatsu Corporation
31.15. Evinrude Outboard Motors
32. Global Outboard Engines Market Competitive Benchmarking33. Global Outboard Engines Market Competitive Dashboard34. Key Mergers and Acquisitions in the Outboard Engines Market
35. Outboard Engines Market Future Outlook and Potential Analysis
35.1 Outboard Engines Market in 2028 - Countries Offering Most New Opportunities
35.2 Outboard Engines Market in 2028 - Segments Offering Most New Opportunities
35.3 Outboard Engines Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Outboard Engines Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on outboard engines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for outboard engines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
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

Key Companies Mentioned: Honda Motor Co. Ltd.; Volvo Penta; Suzuki Motor Corporation; Yamaha Motor Co. Ltd.; Brunswick Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Honda Motor Co. Ltd.
  • Volvo Penta
  • Suzuki Motor Corporation
  • Yamaha Motor Co. Ltd.
  • Brunswick Corporation
  • Bombardier Recreational Products Inc.
  • Mercury Marine
  • Electric Launch Company
  • 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
  • Spirit Marine Outboards
  • Tohatsu Corporation
  • Evinrude Outboard Motors
  • Selva Marine S.p.A.
  • Suzhou Sail Motor Co. Ltd.
  • SeaProp 60 Outboard Motors
  • Tanaka Outboards
  • Mikatsu Marine Outboards
  • Ray Electric Outboards
  • Zongshen Selva Marine Co. Ltd.
  • Aquawatt Electric Outboards
  • Sevaan Outboard Motors
  • Pioneer Engines
  • Minn Kota Motors
  • Seven Marine LLC

Methodology

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