outboard engines market
Transport

Global Outboard Engines Market Size, Drivers, Trends, Opportunities And Strategies – Includes Outboard Engines Market Share

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

Rising yacht production and sales are likely to stimulate outboard engine innovation, propelling the market during the forecast period.

 

The global outboard engines market is expected to grow from $9.05 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The global outboard engine market size is expected to reach $11.81 billion in 2027 at a CAGR of 5.4%.

 

Get A Free Sample On The Global Outboard Engines Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9831&type=smp

 

Global Outboard Engines Market Segments Include:

  • By Type: Fuel-Oil Outboard, Electric Outboard
  • By Engine Type: 2-Stroke, 4-Stroke, Electric
  • By Application: Personal Boat, Commercial Boat, Government Enforcement Boat, Other Applications
  • 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 outboard engines market in 2021.

 

Major Market Players in the outboard engines market include Yamaha Motor Co. Ltd., Brunswick Corporation, Suzuki Motor Corporation, Honda Motor Co. Inc., Bombardier Recreational Products Inc., Tohatsu Corporation, Hidea Power Machinery Co. Ltd.

 

Product innovation is a crucial trend that is gaining traction in the outboard engine market. Major players in the outboard engine market are working on producing outboard engines that are more fuel efficient and emit less emissions. Mercury Marine, a US-based marine engine manufacturer that operates in the outboard engines market, for example, launched a 7.6-liter V12 600-Verado outboard engine in February 2021. The Verado outboard engine has a steerable gearcase that pivots freely up to 45 degrees, rather than 30 degrees, and has contra-rotating propellers, which improves boat agility. The Verado outboard engine is equipped with a two-speed automated gearbox.

 

The Outboard Engines Global Market Report 2023  provides a outboard engines market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The outboard engines market forecast analyzes outboard engines market size, 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.

 

Outboard engines are portable, self-contained propulsion devices used to power boats. Outboard engines are mounted on the boat’s transom, which is located outside the hull. They provide propulsion and steering for the boat.

 

Explore Similar Reports From The Business Research Company:

Marine Outboard Engines Global Market Report 2023

Outboard Boats Global Market Report 2023

Rocket Engines Global Market Report 2023

 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *