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The rising need for water transportation is likely to promote innovation in the manufacture of marine outboard engines, propelling the market over the forecast period.

The global marine outboard engines market is expected to grow from $4.23 billion in 2022 to $4.41 billion in 2023 at a compound annual growth rate (CAGR) of 4.19%. The global marine outboard engines market size is expected to reach $4.96 billion in 2027 at a CAGR of 2.98%.

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Global Marine Outboard Engines Market Segments Include:

• By Engine Type: Two Stroke Carbureted, Two Stroke Electronic Fuel Injection, Two Stroke Direct Injection System, Four Stroke Carburetted, Four Stroke Electronic Fuel Injection
• By Boat Type: Fishing Vessel, Recreational Vessel, Special Purpose Boats
• By Power: Less Than 30 HP, 30 HP To 100 HP, Above 100 HP
• By Ignition Type: Electric, Manual
• By Application: Military, Civilian
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global marine outboard engines market in 2021.

Major Market Players in the marine outboard engines market include Brunswick Corporation, Deutz AG, Honda Motor Co.Ltd., Suzuki Motor Corporation, Bombardier Recreational Products Inc., Yamaha Motor Co. Ltd., Mahindra And Mahindra Limited.

Product innovation is a common trend in the marine outboard engine business. Major marine outboard engine businesses are focusing on developing novel solutions to increase their market position. For example, Yamaha Motor Co.Ltd., a Japanese manufacturing business, will launch its new marine outboard engines, the XTO 450hp V8 and the XTO 400hp V8, in January 2023, offering users better acceleration and faster speeds. This outboard engine has a redesigned cowl design, improved graphics, and new features such as complete tilt capability with an integrated tilt limitation and integrated digital electric steering (DES). Furthermore, durability is maintained for simple maintenance and charging, and a silent silencer is included to promote quietness at high speeds.

The Marine Outboard Engines Global Market Report 2023  provides a marine outboard engines market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The marine outboard engines market forecast analyzes marine outboard engines market size, marine outboard engines market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Marine outboard engines are small vessel propulsion systems meant to be installed on the transom of a boat. It has a motor, reduction gearing, and a propeller. These engines are ideal for tiny boats because they are incredibly light, improving the power-to-weight ratio and allowing the boat to easily slice through the water.

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