Global Outboard Engines Market, By Engine Type (2-Stroke, 4-Stroke, Electric), Fuel Type (Diesel, Gasoline, Electric), Power Type (Less than 30 HP, 30HP to 100 HP, Above 100 HP), Technology Type (Two Stroke Carbureted, Two Stroke Electronic Fuel Injection, Two Stroke Direct Injection System, Four Stroke Carbureted, Four Stroke Electronic Fuel Injection), Ignition Type (Electric, Manual), Boat Type (Fishing Vessels, Recreational Vessels, Special Purpose Boats), Applications (Commercial, Recreational, Military), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Outboard Engines Market
The outboard engines market is expected to witness market growth at a rate of 5.10% in the forecast period of 2021 to 2028 and is expected to reach USD 13,823.04 million by 2028. Data Bridge Market Research report on outboard engines market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the number of watersports and boating activities is escalating the growth of outboard engines market.
An outboard refers to a portable, self-contained package of an engine, propeller and gear case which is attached to the transom of a boat. Various outboard engines provide four-stroke design, although number of them still possesses two-stroke engines burning as a lubricant with the fuel. New-technology two-stroke outboards refer to direct-injection engines and burn over 75% cleaner when compared to conventional two-stroke outboards. These engines are known to have more power per pound of weight than do inboard engines.
The technological developments in propeller materials in order to enhance the reliability and performance of engines act as one of the major factors driving the growth of outboard engines market. The increase in adoption of several technologies such as blast and programmed fuel injection with the purpose of improving fuel efficiency and rise in requirement of outboard engines in recreational boating activities accelerate the outboard engines market growth. The increase in demand for two-stroke engine owning to its lighter weight, high torque output, low maintenance costs, and excellent power to weight ratio and rise in consumer spending on leisure activities further influence the outboard engines market. Additionally, growth in recreational boating, rise in rate of watersports and boating activities, establishment of several water clubs across the globe and surge in disposable income positively affect the outboard engines market. Furthermore, stringent exhaust emission regulations adopted by various nations and technological advancements extend profitable opportunities to the outboard engines market players in the forecast period of 2021 to 2028.
On the other hand, the implementation of stringent environmental regulations and dependence on heavy fuel as the primary fuel are the factors expected to obstruct the outboard engines market growth. The fluctuations in oil & gas prices and negative impact of COVID-19 are projected to challenge the outboard engines market in the forecast period of 2021-2028.
This outboard engines market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on outboard engines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Outboard Engines Market Scope and Market Size
The outboard engines market is segmented on the basis of engine type, fuel type, power type, technology type, ignition type, boat type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of engine type, the outboard engines market is segmented into 2-stroke, 4-stroke and electric.
- On the basis of fuel type, the outboard engines market is segmented into diesel, gasoline and electric.
- On the basis of power type, the outboard engines market is segmented into less than 30 HP, 30HP to 100 HP and above 100 HP.
- On the basis of technology type, the outboard engines market is segmented into two stroke carbureted, two stroke electronic fuel injection, two stroke direct injection system, four stroke carbureted and four stroke electronic fuel injection.
- On the basis of ignition type, the outboard engines market is segmented into electric and manual.
- On the basis of boat type, the outboard engines market is segmented into fishing vessels, recreational vessels and special purpose boats.
- On the basis of applications, the outboard engines market is segmented into commercial, recreational and military.
Global Outboard Engines Market Country Level Analysis
The outboard engines market is analyzed and market size, volume information is provided by country, engine type, fuel type, power type, technology type, ignition type, boat type and applications as referenced above.
The countries covered in the globally outboard engines market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the outboard engines market because of the high economic growth, change in consumer preference, and surge in disposable incomes and increase in popularity of recreational activities such as powerboat racing, sailing and cruising.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Outboard Engines Market Share Analysis
The outboard engines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to outboard engines market.
The major players covered in the outboard engines market report are Cox Marine, Elco Motor Yachts, Golden Motor Technology Co., Ltd., BRP, Honda Motor Co., Ltd, RAI Amsterdam, Mercury Marine, Mud motors by Mudd Hog Mud Motors, LLC, Powertec Supplies (I) Pvt. Ltd, Suzuki Marine, Tohatsu Corporation, Yongkang Longxiao Industry, Torqeedo GmbH, AB Volvo, Yamaha Motor Co., Ltd, YANMAR HOLDINGS CO., LTD, Deutz AG, Brunswick Corporation, Kräutler Elektromaschinen, Parsun Power machine among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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