Global Electric Outboard Motors Market Growth 2023-2029

Global Electric Outboard Motors Market Growth 2023-2029

The global Electric Outboard Motors market size is projected to grow from US$ 193.3 million in 2022 to US$ 287.3 million in 2029; it is expected to grow at a CAGR of 287.3 from 2023 to 2029.

Global key players of electric outboard motors include Torqeedo, Minn Kota, ePropulsion and MotorGuide. The top four players hold a share over 68%. Minn Kota is the largest producer, with a share about 27%. Europe is the largest market of electric outboard motors, with a share about 41%, followed by North America and Asia-Pacific, with shares of 37% and 17% separately. In terms of application, recreation boat is the largest application, with a share about 65 percent.

LPI (LP Information)' newest research report, the “Electric Outboard Motors Industry Forecast” looks at past sales and reviews total world Electric Outboard Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Outboard Motors sales for 2023 through 2029. With Electric Outboard Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Outboard Motors industry.

This Insight Report provides a comprehensive analysis of the global Electric Outboard Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Outboard Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Outboard Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Outboard Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Outboard Motors.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Outboard Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 20hp
20hp-50hp
Above 50hp

Segmentation by application
Recreation Boat
Commercial Boat
Municipal and Official Boat

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Torqeedo
Minn Kota
ePropulsion
MotorGuide
CSM Tech
Pure Watercraft
AquaWatt
Haibo
Krautler Elektromaschinen
Aquamot
Elco Motor Yachts
Ray Electric Outboards

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Outboard Motors market?

What factors are driving Electric Outboard Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Outboard Motors market opportunities vary by end market size?

How does Electric Outboard Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.