Market Overview:
The global boat electric outboard motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for electric boats, rising awareness about environment-friendly technologies, and technological advancements in electric outboard motors. The global boat electric outboard motor market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into outboard electric propulsion motor and outboard electric trolling motor. Outboard Electric Propulsion Motor dominated the global boat electric outboard motor market in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030 owing to its high efficiency and low noise levels as compared with other types of motors available in this category. On account of their growing popularity among small vessel owners for fishing or recreational purposes, Outboards Electric Trolling Motors are projected to witness higher growth rates than other segments overthe forecast period from 2018to2030 .
Product Definition:
A Boat Electric Outboard Motor is a battery-powered electric motor that propels boats. They are often used as trolling motors for small fishing boats.
Outboard Electric Propulsion Motor:
Outboard electric propulsion motor is used in outboard boat. It's the mechanical device that creates a backward and forward movement of vessel by converting energy from battery to mechanical advantage of stroke. The working principle is simple, if we want to move a weight from point A to point B, then we need to do work (convert energy) for this purpose an external source of energy is required which can be in the form of batteries or fuel (diesel).
Outboard Electric Trolling Motor:
Outboard electric trolling motor is a type of outboard engine which is used in boats for propelling the boat through water by means of mechanical advantage. The main function of this product is to provide additional power when needed along with offering steering control to the boat. It has a low profile and can be mounted on starboard or port side of the vessel depending upon its position in relation to throttle controlling mechanism and steering wheel respectively.
Application Insights:
The large ship application segment accounted for the largest share of over 60.0% in 2017. The segment is driven by the rising demand from commercial vessels such as ferries, coastal defense ships and lighters. Furthermore, increasing government funding for electric boats to reduce carbon emissions will further drive the growth of this application segment over the forecast period.
The small ship application segment is expected to witness significant growth owing to increased adoption by leisure boaters including fishing boats and cabin cruisers among others. Growing recreational activities such as deep-sea fishing have resulted in an increased number of small vessels being purchased or leased by consumers seeking a fun experience at sea with family and friends along with a sense of adventure while out on the water, which can be attributed towards growing demand for outboard motors among smaller sized vessels across various regions worldwide including North America, Europe and Asia Pacific etcetera (Deep-sea Fishing).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives for marine energy and other renewable sources of energy, such as wind and solar. For instance, in September 2017, China’s 13th Five-Year Plan (2016 - 2020) called for developing marine power generation capacity through various means including offshore wind power projects and coastal stations with an installed capacity of less than 500 MW. In addition, countries like Japan are also focusing on developing smaller outboard motors that do not require large amounts of fuel to propel them while trolling big ships across open waters. Such factors are expected to drive demand over the next eight years in Asia Pacific region.
Europe is likely to account for a significant share owing high product penetration rates along with growing popularity among recreational boaters across countries like U K., Germany etc.
Growth Factors:
- Increasing demand for electric outboard motors from the marine industry as a result of the growing popularity of electric boats.
- The increasing demand for fuel-efficient and low-emission engines in the automotive sector is expected to boost the growth of the boat electric outboard motor market during the forecast period.
- The development of advanced technologies such as brushless DC motors is projected to propel the growth of this market in near future.
- Growing awareness about environment-friendly propulsion systems is anticipated to fuel adoption of boat electric outboard motors globally over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Boat Electric Outboard Motor Market Research Report
By Type
Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor
By Application
Small Ship, Large Ship
By Companies
Minn Kota, Torqeedo, CSM Tech, MotorGuide, AquaWatt, Suzhou Parsun Power Machine, EPropulsion Technology, Elco Motor Yachts, Krautler Elektromaschinen, Aquamot, Ray Electric Outboards
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Boat Electric Outboard Motor Market Report Segments:
The global Boat Electric Outboard Motor market is segmented on the basis of:
Types
Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor
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.
Applications
Small Ship, Large Ship
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:
- Minn Kota
- Torqeedo
- CSM Tech
- MotorGuide
- AquaWatt
- Suzhou Parsun Power Machine
- EPropulsion Technology
- Elco Motor Yachts
- Krautler Elektromaschinen
- Aquamot
- Ray Electric Outboards
Highlights of The Boat Electric Outboard Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Outboard Electric Propulsion Motor
- Outboard Electric Trolling Motor
- By Application:
- Small Ship
- Large Ship
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boat Electric Outboard Motor 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A boat electric outboard motor is a small, portable engine that can be used to power boats. These motors typically use lithium ion batteries to provide power, and they are often very easy to operate. They are also relatively affordable, making them a good option for many people who want to own a boat.
Some of the key players operating in the boat electric outboard motor market are Minn Kota, Torqeedo, CSM Tech, MotorGuide, AquaWatt, Suzhou Parsun Power Machine, EPropulsion Technology, Elco Motor Yachts, Krautler Elektromaschinen, Aquamot, Ray Electric Outboards.
The boat electric outboard motor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Electric Outboard Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boat Electric Outboard Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Electric Outboard Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boat Electric Outboard Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boat Electric Outboard Motor Market Size & Forecast, 2018-2028
4.5.1 Boat Electric Outboard Motor Market Size and Y-o-Y Growth
4.5.2 Boat Electric Outboard Motor Market Absolute $ Opportunity
Chapter 5 Global Boat Electric Outboard Motor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Boat Electric Outboard Motor Market Size Forecast by Type
5.2.1 Outboard Electric Propulsion Motor
5.2.2 Outboard Electric Trolling Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boat Electric Outboard Motor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Boat Electric Outboard Motor Market Size Forecast by Applications
6.2.1 Small Ship
6.2.2 Large Ship
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Electric Outboard Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boat Electric Outboard Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Boat Electric Outboard Motor Analysis and Forecast
9.1 Introduction
9.2 North America Boat Electric Outboard Motor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Boat Electric Outboard Motor Market Size Forecast by Type
9.6.1 Outboard Electric Propulsion Motor
9.6.2 Outboard Electric Trolling Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Boat Electric Outboard Motor Market Size Forecast by Applications
9.10.1 Small Ship
9.10.2 Large Ship
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Boat Electric Outboard Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Boat Electric Outboard Motor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Boat Electric Outboard Motor Market Size Forecast by Type
10.6.1 Outboard Electric Propulsion Motor
10.6.2 Outboard Electric Trolling Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Boat Electric Outboard Motor Market Size Forecast by Applications
10.10.1 Small Ship
10.10.2 Large Ship
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Boat Electric Outboard Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boat Electric Outboard Motor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Boat Electric Outboard Motor Market Size Forecast by Type
11.6.1 Outboard Electric Propulsion Motor
11.6.2 Outboard Electric Trolling Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Boat Electric Outboard Motor Market Size Forecast by Applications
11.10.1 Small Ship
11.10.2 Large Ship
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Boat Electric Outboard Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Boat Electric Outboard Motor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Boat Electric Outboard Motor Market Size Forecast by Type
12.6.1 Outboard Electric Propulsion Motor
12.6.2 Outboard Electric Trolling Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Boat Electric Outboard Motor Market Size Forecast by Applications
12.10.1 Small Ship
12.10.2 Large Ship
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Boat Electric Outboard Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boat Electric Outboard Motor Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Boat Electric Outboard Motor Market Size Forecast by Type
13.6.1 Outboard Electric Propulsion Motor
13.6.2 Outboard Electric Trolling Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Boat Electric Outboard Motor Market Size Forecast by Applications
13.10.1 Small Ship
13.10.2 Large Ship
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boat Electric Outboard Motor Market: Competitive Dashboard
14.2 Global Boat Electric Outboard Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Minn Kota
14.3.2 Torqeedo
14.3.3 CSM Tech
14.3.4 MotorGuide
14.3.5 AquaWatt
14.3.6 Suzhou Parsun Power Machine
14.3.7 EPropulsion Technology
14.3.8 Elco Motor Yachts
14.3.9 Krautler Elektromaschinen
14.3.10 Aquamot
14.3.11 Ray Electric Outboards
