Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electric Outboards Market by Type (Fuel-oil outboard, Electric outboard), By Application (Personal Boat, Commercial Boat, Government Enforcement Boat) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electric Outboards Market by Type (Fuel-oil outboard, Electric outboard), By Application (Personal Boat, Commercial Boat, Government Enforcement Boat) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157315 3300 Machinery & Equipment 377 237 Pages 4.7 (35)

The global electric outboard market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for electric outboards due to their low maintenance and fuel costs, as well as their environmental friendliness. The major players in this market are Yamaha Motor Corporation, Mercury Marine, Evinrude Outboard Motors Company LLC, and Honda Motor Co., Ltd .

Some Of The Growth Factors Of This Market:

  1. The increasing demand for electric outboards is a major factor in the growth of the market.
  2. The increasing number of people who are opting for electric outboards as a means of transportation is also driving the market growth.
  3. The rising awareness about environmental issues and their impact on human health has led to an increase in demand for electric outboards, which are considered to be more environment-friendly than traditional gasoline-powered engines.
  4. The high cost associated with purchasing an electric outboard is one of the factors that may hinder market growth in the near future, as it may not be affordable by all consumers due to its high price tag and lack of subsidies from governments or other organizations that promote green energy sources such as solar power or wind power generation systems.
  5. Increasing government regulations on emissions from gasoline-powered engines will also have a positive impact on this market's growth prospects over time, as they will force manufacturers to produce more environmentally friendly products such as electric outboards.

Industry Growth Insights published a new data on “Electric Outboards Market”. The research report is titled “Electric Outboards Market research by Types (Fuel-oil outboard, Electric outboard), By Applications (Personal Boat, Commercial Boat, Government Enforcement Boat), By Players/Companies Yamaha, Brunswick, Honda, BRP, Suzuki, Tohatsu, Parsun, Hidea, Weimin”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Electric Outboards Market Research Report

By Type

Fuel-oil outboard, Electric outboard

By Application

Personal Boat, Commercial Boat, Government Enforcement Boat

By Companies

Yamaha, Brunswick, Honda, BRP, Suzuki, Tohatsu, Parsun, Hidea, Weimin

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Electric Outboards Industry Outlook

Global Electric Outboards Market Report Segments:

The global Electric Outboards market is segmented on the basis of:


Fuel-oil outboard, Electric outboard

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Personal Boat, Commercial Boat, Government Enforcement Boat

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Yamaha
  2. Brunswick
  3. Honda
  4. BRP
  5. Suzuki
  6. Tohatsu
  7. Parsun
  8. Hidea
  9. Weimin

Global Electric Outboards Market Overview

Highlights of The Electric Outboards Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Fuel-oil outboard
    2. Electric outboard
  1. By Application:

    1. Personal Boat
    2. Commercial Boat
    3. Government Enforcement Boat
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electric Outboards Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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  • Correctly Positioning New Products
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  • Product & Brand Management
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Global Electric Outboards Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Electric outboards are powered by electric motors that provide more power and torque than gasoline engines. They're popular on boats because they're quieter, easier to operate, and less expensive to maintain than gasoline engines.

Some of the major players in the electric outboards market are Yamaha, Brunswick, Honda, BRP, Suzuki, Tohatsu, Parsun, Hidea, Weimin.

The electric outboards market is expected to grow at a compound annual growth rate of 8.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Electric Outboards Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Electric Outboards Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Electric Outboards Market - Supply Chain
   4.5. Global Electric Outboards Market Forecast
      4.5.1. Electric Outboards Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Electric Outboards Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Electric Outboards Market Absolute $ Opportunity

5. Global Electric Outboards Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Electric Outboards Market Size and Volume Forecast by Type
      5.3.1. Fuel-oil outboard
      5.3.2. Electric outboard
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Electric Outboards Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Electric Outboards Market Size and Volume Forecast by Application
      6.3.1. Personal Boat
      6.3.2. Commercial Boat
      6.3.3. Government Enforcement Boat
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Electric Outboards Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Electric Outboards Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Electric Outboards Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Electric Outboards Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Electric Outboards Demand Share Forecast, 2019-2026

9. North America Electric Outboards Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Electric Outboards Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Electric Outboards Market Size and Volume Forecast by Application
      9.4.1. Personal Boat
      9.4.2. Commercial Boat
      9.4.3. Government Enforcement Boat
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Electric Outboards Market Size and Volume Forecast by Type
      9.7.1. Fuel-oil outboard
      9.7.2. Electric outboard
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Electric Outboards Demand Share Forecast, 2019-2026

10. Latin America Electric Outboards Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Electric Outboards Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Electric Outboards Market Size and Volume Forecast by Application
      10.4.1. Personal Boat
      10.4.2. Commercial Boat
      10.4.3. Government Enforcement Boat
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Electric Outboards Market Size and Volume Forecast by Type
      10.7.1. Fuel-oil outboard
      10.7.2. Electric outboard
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Electric Outboards Demand Share Forecast, 2019-2026

11. Europe Electric Outboards Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Electric Outboards Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Electric Outboards Market Size and Volume Forecast by Application
      11.4.1. Personal Boat
      11.4.2. Commercial Boat
      11.4.3. Government Enforcement Boat
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Electric Outboards Market Size and Volume Forecast by Type
      11.7.1. Fuel-oil outboard
      11.7.2. Electric outboard
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-YGrowth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Electric Outboards Demand Share, 2019-2026

12. Asia Pacific Electric Outboards Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Electric Outboards Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Electric Outboards Market Size and Volume Forecast by Application
      12.4.1. Personal Boat
      12.4.2. Commercial Boat
      12.4.3. Government Enforcement Boat
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Electric Outboards Market Size and Volume Forecast by Type
      12.7.1. Fuel-oil outboard
      12.7.2. Electric outboard
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Electric Outboards Demand Share, 2019-2026

13. Middle East & Africa Electric Outboards Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Electric Outboards Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Electric Outboards Market Size and Volume Forecast by Application
      13.4.1. Personal Boat
      13.4.2. Commercial Boat
      13.4.3. Government Enforcement Boat
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Electric Outboards Market Size and Volume Forecast by Type
      13.7.1. Fuel-oil outboard
      13.7.2. Electric outboard
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Electric Outboards Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Electric Outboards Market: Market Share Analysis
   14.2. Electric Outboards Distributors and Customers
   14.3. Electric Outboards Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Yamaha Overview Financials Developments Strategic Outlook
      14.4.2. Brunswick Overview Financials Developments Strategic Outlook
      14.4.3. Honda Overview Financials Developments Strategic Outlook
      14.4.4. BRP Overview Financials Developments Strategic Outlook
      14.4.5. Suzuki Overview Financials Developments Strategic Outlook
      14.4.6. Tohatsu Overview Financials Developments Strategic Outlook
      14.4.7. Parsun Overview Financials Developments Strategic Outlook
      14.4.8. Hidea Overview Financials Developments Strategic Outlook
      14.4.9. Weimin Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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