Outboard Engines Market 2022 – Introduction
Outboard Engines Market Segmented By Two Stroke Carbureted, Two Stroke Electronic Fuel Injection, Two Stroke Direct Injection System, Four Stroke Carbureted, Four Stroke Electronic Fuel Injection Technology Type with Electric, Manual Start Type in Fishing Vessels, Recreational Vessels, Special Purpose Boats.
The outboard engines market is expected to grow at a CAGR of around 2% between 2019 and 2029, and is estimated to reach a global value of nearly US$ 5.5 Bn by the end of 2029.
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The growth of the market can be attributed to the increasing demand for personal watercrafts and boats. Outboard engines are used to power boats and are available in petrol and diesel variants. The growing popularity of recreational activities, such as fishing and sailing, is also contributing to the growth of the market. Moreover, technological advancements in outboard engines are providing a boost to the market. However, environmental concerns related to outboard engine emissions are restraining the growth of the market.
Persistence Market Research released a new market study on the outboard engines market, which includes the global industry analysis 2014–2018 and forecast 2019–2029. The report studies the global outboard engines market and offers a deep analysis for the next ten years.
The macroeconomic and forecast aspects in the study on the global outboard engines market are crucial and are expected to have an impact on the industry’s expansion. Along with future possibilities and current market trends across the value chain and supply chain, the report on the outboard engines market also covers market restraints that are having an impact on the worldwide industry and drivers that are fostering market growth. According to the research’s major findings, the worldwide outboard engines market is anticipated to expand significantly over the course of the forecast period because of factors like rising maritime tourism, sophisticated outboard engine characteristics, and affordable prices.
Key players of the market are Yamaha Motors Co., Ltd., Suzuki Motor Corporation, Honda Motor Co., Ltd, Brunswick Corporation, BRP Inc., Parsun Power Machine Co., Ltd, Tohatsu Corporation, and LEHR LLC., among others.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Outboard Engines Market.
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The Outboard Engines Market is segmented on the basis of type, application, and region.
On the basis of type, it is divided into petrol outboard engines and diesel outboard engines.
On the basis of application, it is classified into personal watercrafts, fishing boats, sailboats, and others.
Regionally, it is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of power, the global outboard engines market is segmented into less than 30 HP, 30HP to 100 HP, and above 100 HP. The high horsepower category outboard engines are in high demand owing to the increasing demand for heavier boats. The increasing sales of lengthy boats is expected to drive the demand for heavy outboard engines in the coming years. Therefore, manufacturers are focusing on introducing high power engines. Although, high power engines are gaining significant traction in the market in terms of volume share, low and mid-sized engines account for relatively high demand.
By technology type, the global market is segmented into five segments such as two stroke carbureted, two stroke electronic fuel injections, two stroke direct injection systems, four stroke carbureted, and four stroke electronic fuel injections. The four stroke electronic fuel injection segment is projected to dominate the global market throughout the forecast period owing to its high demand for being noiseless and vibration free. Furthermore, the four stroke carbureted segment is expected to be the second most opportunistic segment in the global market.
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Key Questions Answered in This Report.
What are the Roadblocks for Outboard Engines Suppliers?
What are the Key Opportunities for Outboard Engines Manufacturers?
How is Focus on Safety Influencing Outboard Engines Demand?
What is the Regulatory Impact on Global Sales of Outboard Engines?
Which Region Offers the Largest Opportunity for Sales of Outboard Engines?
Where Does the U.S. Stand in the Market for Outboard Engines?
What Is the Outlook for Outboard Engines Manufacturers in China?
Why is Germany a Lucrative Market for Outboard Engines Manufacturers?
Why Will Belgium Outpace Other European Markets for Outboard Engines?
Why is There High Demand for Tires in Outboard Engines?
Why are Sales of Outboard Engines Surging?
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