Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as “trolling motor” or “electric Outboard motor”. They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
This report contains market size and forecasts of Electric Outboard Motors in global, including the following market information:
Global Electric Outboard Motors Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Outboard Motors Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Electric Outboard Motors companies in 2021 (%)
The global Electric Outboard Motors market was valued at 136.3 million in 2021 and is projected to reach US$ 221.5 million by 2028, at a CAGR of 7.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
by Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Outboard Motors include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, Haibo, Epropulsion Technology, Suzhou Parsun Power Machine and Elco Motor Yachts, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Outboard Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Outboard Motors Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Outboard Motors Market Segment Percentages, by Type, 2021 (%)
by Type
Outboard Electric Propulsion Motor
Outboard Electric Trolling Motor
by Power
Below 25kW
25kW-50kW
50-150kW
Global Electric Outboard Motors Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Outboard Motors Market Segment Percentages, by Application, 2021 (%)
Civil Entertainment
Municipal Application
Commercial Application
Other
Global Electric Outboard Motors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Outboard Motors Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Outboard Motors revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Outboard Motors revenues share in global market, 2021 (%)
Key companies Electric Outboard Motors sales in global market, 2017-2022 (Estimated), (Units)
Key companies Electric Outboard Motors sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Minn Kota
Torqeedo
MotorGuide
CSM Tech
AquaWatt
Haibo
Epropulsion Technology
Suzhou Parsun Power Machine
Elco Motor Yachts
Krautler Elektromaschinen
Aquamot
Ray Electric Outboards