Global Outboard Electric Motors Market Research Report 2023(Status and Outlook)

Global Outboard Electric Motors Market Research Report 2023(Status and Outlook)

Report Overview

The Outboard Electric Motors market covers Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor, etc. The typical players include Minn Kota, Torqeedo, CSM Tech, MotorGuide, AquaWatt, Suzhou Parsun Power Machine, EPropulsion Technology, Elco Motor Yachts, etc. 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.

Global Outboard Electric Motors key players include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, etc. Global top five manufacturers hold a share about 64%. Americas is the largest market, with a share about 34%, followed by Europe and Asia Pacific, both have a share over 61 percent. In terms of product, Outboard Electric Trolling Motor is the largest segment, with a share over 58%. And in terms of application, the largest application is Civil Entertainment, followed by Municipal Application, etc.

The Global Outboard Electric Motors Market Size was estimated at USD 125.00 million in 2022 and is projected to reach USD 214.23 million by 2029, exhibiting a CAGR of 8.00% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Outboard Electric Motors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Outboard Electric Motors Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Outboard Electric Motors market in any manner.

Global Outboard Electric Motors Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Minn Kota

Torqeedo

MotorGuide

CSM Tech

AquaWatt

Haibo

Epropulsion Technology

Suzhou Parsun Power Machine

Elco Motor Yachts

Krautler Elektromaschinen

Aquamot

Ray Electric Outboards

Market Segmentation (by Type)

Outboard Electric Propulsion Motor

Outboard Electric Trolling Motor

Market Segmentation (by Application)

Communications

Computers

Consumer Electronics

Automotive

Industrial & Medical

Defense

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Outboard Electric Motors Market

Overview of the regional outlook of the Outboard Electric Motors Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors