Title: Outboard Engines Market Growth Potential & Forecast, 2027
1Outboard Engines Market Regional Trend 2021
Growth Projections to 2027
2Industry Insights
- The outboard engines market is predicted to
exceed over USD 13 billion by the end of 2027.
The leisure boating industry has received a
significant boost in recent times. This is mainly
owing to the interest of tourists to explore the
seas and the oceans. Such a growing demand from
tourists has made manufacturers emphasize
developing efficient vessels that can provide an
optimum experience to tourists. These factors are
responsible for the augmented demand of the
outboard engines market. - Developing nations like China, Australia and
India are investing in the recreational boating
industry owing to increased interest from
visiting tourists is one of the key factors
responsible for the increased consumption of
outboard engines.
3- The usage of additive manufacturing for producing
engine components has increased the production of
outboard engines. This method can easily produce
complex and cost-effective components whilst
minimizing wastage. With strict emission norms
and changes in the weight requirements, the key
players are forced to invest heavily in research
and development activities. Such investments will
promote industry growth. - Technological advancements like twist-grip
throttle designed for easy maneuverability have
made it possible for industry players to develop
motors that function effectively in all climatic
conditions. This is the primary reason for the
high demand for manual ignition outboard engines.
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386 - With increased integration of outboard engines in
rigid inflatable boats, the military segment will
probably exhibit a CAGR of 4.5 over the
forecasted timeframe. Military applications
prefer diesel outboard engines over their petrol
counterparts due to additional safety features
4 Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/indu
stry-analysis/outboard-engines-market Chapter 4
Outboard Engines Market, By Engine Type 4.1
Global outboard engines market insights, by
engine type 4.2 2-stroke 4.2.1 Global
market estimates and forecasts, 2017 -
2027 4.2.2 Market estimates and forecast, by
region, 2017 - 2027 4.3 4-stroke 4.3.1
Global market estimates and forecasts, 2017 -
2027
54.3.2 Market estimates and forecast, by
region, 2017 - 2027 4.4 Electric 4.4.1
Global market estimates and forecasts, 2017 -
2027 4.4.2 Market estimates and forecast, by
region, 2017 2027 Chapter 5 Outboard Engines
Market, By Fuel Type 5.1 Global outboard
engines market insights, by fuel type 5.2
Diesel 5.2.1 Global market estimates and
forecasts, 2017 - 2027 5.2.2 Market estimates
and forecast, by region, 2017 - 2027
6Region
- The Europe market for outboard engines accounted
for a revenue share of over 20 in 2020. This can
be credited to growing tourism coupled with a
rising number of boat makers established in the
region. In addition, increased number of boat
shows like the Düsseldorf International Boat Show
will help manufacturers in promoting their
prototypes and upcoming products, thereby
boosting the growth of the outboard engines
market.
7Key Players
- LEHR LLC.
- Mercury Marine Inc.
- Mudd Hog Mud Motors LLC.
- Powertec Group
- Suzuki Marine
- Tohatsu Corporation
- Torqeedo GmbH
- Volvo Penta
- Yamaha Motor Co.Ltd.
- YANMAR CO. LTD
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