Global Marine Outboard Engines Market 2024-2028

Global Marine Outboard Engines Market 2024-2028

Technavio has been monitoring the marine outboard engines market and is forecast to grow by USD 3291.8 mn during 2023-2028, accelerating at a CAGR of 5.54% during the forecast period. Our report on the marine outboard engines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising sales of boats, growing adoption of automotive technologies in marine outboard engines, and increased participation in water-related recreational activities.

Technavio's marine outboard engines market is segmented as below:

By Power Rating

• Low-power
• Mid-power
• High-power

By Type

• 2-stroke
• 4-stroke

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the growing demand for outboard engines as one of the prime reasons driving the marine outboard engines market growth during the next few years. Also, increased usage of turbochargers in marine outboard engines and less participation from the younger generation in water-related recreational activities will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the marine outboard engines market covers the following areas:

• Marine outboard engines market sizing
• Marine outboard engines market forecast
• Marine outboard engines market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine outboard engines market vendors that include AB Volvo, Bombardier Recreational Products Inc., Brunswick Corp., Cox Powertrain Ltd., DEUTZ AG, Elco Motor Yachts, Greaves Cotton Ltd., Hangzhou Hidea Power Machinery Co. Ltd., Honda Motor Co. Ltd., Kraeutler Elektromaschinen GmbH, LEHR Holdings LLC, Mahindra and Mahindra Ltd., Oxe Marine AB, Parsun, Suzuki Motor Corp., TAIZHOU GONGDA MOTORS PARTS CO. LTD., Tohatsu Corp., West Marine, Yamaha Motor Co. Ltd., and Yongkang Longxiao Industry and Trade Co. Ltd.. Also, the marine outboard engines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.