Global Outboard Motor Market Growth 2025-2031

The global Outboard Motor market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

An outboard motor is a propulsion system for boats, consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. They are the most common motorised 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.

The major manufacturers that provide outboard motors in the United States include Mercury Marine, etc. The largest manufacturer occupies about 50% of the market share. Among them, more than 200 horsepower and 100.1-200 horsepower accounted for 28% and 27% respectively. The most applications are leisure and business, accounting for 64% and 21% respectively.

LP Information, Inc. (LPI) ' newest research report, the “Outboard Motor Industry Forecast” looks at past sales and reviews total world Outboard Motor sales in 2024, providing a comprehensive analysis by region and market sector of projected Outboard Motor sales for 2025 through 2031. With Outboard Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Outboard Motor industry.

This Insight Report provides a comprehensive analysis of the global Outboard Motor 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 Outboard Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Outboard Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Outboard Motor and breaks down the forecast by Power, 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 Outboard Motor.

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

Segmentation by Power:

Below 10 HP

10.1-30 HP

30.1-100 HP

100.1-200 HP

Above 200 HP

Segmentation by Application:

Recreational Boats

Commercial Boats

Others

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 analysing the company's coverage, product portfolio, its market penetration.

Mercury Marine

Yamaha

Suzuki

Honda

Torqeedo

Elco Motor Yachts

Suzhou Parsun Power Machine

Ray Electric Outboards

Aquamot

Key Questions Addressed in this Report

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

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

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

How do Outboard Motor market opportunities vary by end market size?

How does Outboard Motor break out by Power, by Application?

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