Outboard Engine is a detachable propulsion system for boats installed outside of the hull (ship), consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. With features of simple structure, light weight, easy disassembly and operation, low noise, it is suitable for use in the river, lakes and coastal waters.
Market Analysis and Insights: Global Outboard Engines Market
Due to the COVID-19 pandemic, the global Outboard Engines market size is estimated to be worth US$ 6981 million in 2022 and is forecast to a readjusted size of US$ 12100 million by 2028 with a CAGR of 9.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Fuel-Oil Outboard accounting for % of the Outboard Engines global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Personal Boat segment is altered to an % CAGR throughout this forecast period.
Europe is likely to emerge as the largest region in the global outboard engine market during the forecast period 2018-2025. Presence of the key market players and increasing participation in the water recreational activities are some of the factors contributing towards the growth of the market in Europe. Meanwhile, North America is also expected to witness growth, owing to the increasing preference for high power outboard engine.
Global Outboard Engines Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Outboard Engines Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Fuel-Oil Outboard
Electric Outboard
Segment by Application
Personal Boat
Commercial Boat
Government Enforcement Boat
By Company
Yamaha
Brunswick
Deutz AG
Honda
BRP
Suzuki
Tohatsu
Parsun
Hidea
Weimin
Krautler Elektromaschinen
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina