Global Outboard Motor Market 2024-2028

Global Outboard Motor Market 2024-2028

The outboard motor market is forecasted to grow by USD 1.25 bn during 2023-2028, accelerating at a CAGR of 4.46% during the forecast period. The report on the outboard motor 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 rise in world boat championship programs, growing demand for recreational boating activities worldwide, and expansion of marina infrastructure and waterfront developments.

Technavio's outboard motor market is segmented as below:

By Type

• Electric
• Manual

By Application

• Commercial
• Recreational
• Military

By Geographical Landscape

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

This study identifies the increase in launches and collaboration in outboard motor industry as one of the prime reasons driving the outboard motor market growth during the next few years. Also, shift toward lightweight and compact outboard motor designs and rising adoption of joystick control systems for improved maneuverability will lead to sizable demand in the market.

The report on the outboard motor market covers the following areas:

• Outboard motor market sizing
• Outboard motor market forecast
• Outboard motor market industry analysis

The 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 outboard motor market vendors that include AB Volvo, Bombardier Recreational Products Inc., Brunswick Corp., Cox Powertrain Ltd., DEUTZ AG, Elco Motor Yachts, Golden Motor Technologies Co. Ltd., Hangzhou Hidea Power Machinery Co. Ltd., Honda Motor Co. Ltd., Johnson Outdoors Inc., Kraeutler Elektromaschinen GmbH, LEHR Holdings LLC, Oxe Marine AB, Power Tec Outboards, Ray Electric Outboards Inc., Selva SpA, Suzhou Parsun Power Machine Co. Ltd., Suzuki Motor Corp., Tohatsu Corp., and Yamaha Motor Co. Ltd.. Also, the outboard motor 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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.