Insights Into The Outboard Boats Market’s Growth Opportunities Through 2023-2032 – Includes Outboard Boats Market Size
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
The rise in demand for leisure activities is likely to spur innovation in outboard boat production, propelling the market during the forecast period.
The global outboard boats market is expected to grow from $5.29 billion in 2022 to $5.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The global outboard boat market size is expected to reach $8.06 billion in 2027 at a CAGR of 8.6%.
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Global Outboard Boats Market Segments Include:
- By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
- By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
- By End User: Fishing, Water Taxi, Transportation, Hospitality Business
- 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 boats market in 2021.
Major Market Players in the outboard boats market include Bombardier Products Inc., Brunswick Corporation, Campion marine Inc., Cantieri Capilli SRL, Groupe Beneteau, Polaris Inc., Poseidon Boats, White River Marine Group, Nimbus Group.
Implementing innovative technologies is a crucial trend that is gaining traction in the outboard boat market. Major players in the outboard boat industry are focusing on providing novel solutions to increase their market position. For example, Yamaha Motor Co., Ltd., a Japanese maker of motorbikes and marine equipment, will introduce HARMO in September 2021, a vessel outfitted with a unique style of boat manoeuvring as well as an electronic propulsion system and steering control system. HARMO is a “next-generation boat-maneuvering system platform” that includes an electric motor-powered propulsion device, a remote control box, and a joystick for easier operation. It was designed to provide a smart package boat that provides passengers with more luxury due to the distinctive quietness of electric motors.
The Outboard Boats Global Market Report 2023 provides a outboard boats market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The outboard boats market forecast analyzes outboard boats market size, outboard boats 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.
An outboard boat is one that is propelled by outboard motors. These boats, which can range in size from small fishing boats to big yachts, are designed with the engine situated on the transom, or back, of the boat.
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