Market Overview:
The global marine outboard engines 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 an increase in recreational boating and fishing, rising demand for on-water commercial boats, and increasing adoption of AUVs. Based on type, the low-power marine outboard engines segment is expected to account for the largest share of the global marine outboard engines market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to its low cost and easy installation compared with other types of marine outboard engines available in the market. Based on application, small recreational boats are expected to account for the largest share of the global marine outboard engines market in 2018 followed by autonomous underwater vehicles (AUVs).
Product Definition:
Marine outboard engines are a type of engine that is used in boats. They are specifically designed to be used in water, and they have a number of features that make them ideal for this purpose. Marine outboard engines come in both gasoline and diesel varieties, and they can be either two-stroke or four-stroke engines.
Low-Power Marine Outboard Engines:
Low-power marine outboard engines are used in small watercraft such as cabin boats, fishing boats, personal watercraft and others. The engine is a key component of the vessel’s propulsion system and its failure can lead to the failure of the entire vessel.
Mid-Power Marine Outboard Engines:
Mid-power marine outboard engines are the engines with power output between 80 to 250 HP. They are used in a wide range of applications such as yachts, motor boats, and others. The market is expected to grow at a significant rate owing to the factors such as growing disposable income coupled with increasing standards of living among developing countries including China & India.
The growth in recreational boating activities is also expected to drive product demand over the forecast period.
Application Insights:
The small recreational boats segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. These vessels are used for day-to-day activities such as fishing, diving, snorkeling, surfing and swimming. The growing number of surfers around the globe has led to an increased demand for these types of boats. Furthermore, increasing disposable income levels in developing countries like China and India is expected to fuel product demand over the forecast period.
On-water commercial boats accounted for a significant revenue share in 2017 owing to their wide application scope across various industries including tourism, transportation of goods between cities & islands etcetera. Increasing urbanization along with technological advancements has led to an increased need for onshore facilities resulting in a higher onshore business activity which subsequently requires larger commercial vessels with more powerful engines that can handle tough conditions at sea level i.e.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, most notably China, who have been at the forefront of technological advancements across all marine engines. Asia Pacific is also home to some of the largest recreational boating markets including China and India which are anticipated to drive demand for these engines over the next eight years.
Europe accounted for more than 20% share in 2017 owing to high demand from yachtsmen across countries such as Germany, France and Italy among others. Europe was followed by North America with a significant contribution from U.S., which forms almost 70% of total sales within that region on account of popularity boats there generate amongst water enthusiasts across U S states such as Florida Keys (Florida), California Central Coast (California) among others).
Growth Factors:
- Increasing demand for marine outboard engines from the recreational boating segment
- Rising popularity of personal watercrafts (PWCs) and their increasing use in both commercial and recreational applications
- Growing demand for high-performance marine outboard engines to power larger boats
- Proliferation of boat dealerships and service centers, which is expected to boost sales of marine outboard engines
- Technological advancements that are resulting in more fuel-efficient and environmentally friendly marine outboard engines
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Outboard Engines Market Research Report
By Type
Low-Power Marine Outboard Engines, Mid-Power Marine Outboard Engines, High-Power Marine Outboard Engines
By Application
Small Recreational Boats, On-Water Commercial Boats, Autonomous Underwater Vehicle (AUV), Others
By Companies
Mercury Marine, Suzuki Motor, Yamaha Motor, Honda Motor, Volvo Penta, Mercury Marine
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Marine Outboard Engines Market Report Segments:
The global Marine Outboard Engines market is segmented on the basis of:
Types
Low-Power Marine Outboard Engines, Mid-Power Marine Outboard Engines, High-Power Marine Outboard Engines
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 Recreational Boats, On-Water Commercial Boats, Autonomous Underwater Vehicle (AUV), Others
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:
- Mercury Marine
- Suzuki Motor
- Yamaha Motor
- Honda Motor
- Volvo Penta
- Mercury Marine
Highlights of The Marine Outboard Engines 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:
- Low-Power Marine Outboard Engines
- Mid-Power Marine Outboard Engines
- High-Power Marine Outboard Engines
- By Application:
- Small Recreational Boats
- On-Water Commercial Boats
- Autonomous Underwater Vehicle (AUV)
- Others
- 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 Marine Outboard Engines 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
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Marine outboard engines are a type of engine used in boats. They are designed to provide power for moving the boat through water.
Some of the key players operating in the marine outboard engines market are Mercury Marine, Suzuki Motor, Yamaha Motor, Honda Motor, Volvo Penta, Mercury Marine.
The marine outboard engines 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 Marine Outboard Engines 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 Marine Outboard Engines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Outboard Engines 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 Marine Outboard Engines 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 Marine Outboard Engines Market Size & Forecast, 2020-2028
4.5.1 Marine Outboard Engines Market Size and Y-o-Y Growth
4.5.2 Marine Outboard Engines Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Low-Power Marine Outboard Engines
5.2.2 Mid-Power Marine Outboard Engines
5.2.3 High-Power Marine Outboard Engines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Small Recreational Boats
6.2.2 On-Water Commercial Boats
6.2.3 Autonomous Underwater Vehicle (AUV)
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Outboard Engines 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 Marine Outboard Engines 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Low-Power Marine Outboard Engines
9.6.2 Mid-Power Marine Outboard Engines
9.6.3 High-Power Marine Outboard Engines
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 Market Size Forecast by Applications
9.10.1 Small Recreational Boats
9.10.2 On-Water Commercial Boats
9.10.3 Autonomous Underwater Vehicle (AUV)
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Low-Power Marine Outboard Engines
10.6.2 Mid-Power Marine Outboard Engines
10.6.3 High-Power Marine Outboard Engines
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 Market Size Forecast by Applications
10.10.1 Small Recreational Boats
10.10.2 On-Water Commercial Boats
10.10.3 Autonomous Underwater Vehicle (AUV)
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Low-Power Marine Outboard Engines
11.6.2 Mid-Power Marine Outboard Engines
11.6.3 High-Power Marine Outboard Engines
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 Market Size Forecast by Applications
11.10.1 Small Recreational Boats
11.10.2 On-Water Commercial Boats
11.10.3 Autonomous Underwater Vehicle (AUV)
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Low-Power Marine Outboard Engines
12.6.2 Mid-Power Marine Outboard Engines
12.6.3 High-Power Marine Outboard Engines
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 Market Size Forecast by Applications
12.10.1 Small Recreational Boats
12.10.2 On-Water Commercial Boats
12.10.3 Autonomous Underwater Vehicle (AUV)
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Low-Power Marine Outboard Engines
13.6.2 Mid-Power Marine Outboard Engines
13.6.3 High-Power Marine Outboard Engines
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) Market Size Forecast by Applications
13.10.1 Small Recreational Boats
13.10.2 On-Water Commercial Boats
13.10.3 Autonomous Underwater Vehicle (AUV)
13.10.4 Others
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 Marine Outboard Engines Market: Competitive Dashboard
14.2 Global Marine Outboard Engines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mercury Marine
14.3.2 Suzuki Motor
14.3.3 Yamaha Motor
14.3.4 Honda Motor
14.3.5 Volvo Penta
14.3.6 Mercury Marine
