Market Overview:
The global outboard motors 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 demand for smaller boats, kayaks, and commercial and pleasure craft; rising disposable income; and technological advancements. The low power (below 10 HP) segment is expected to account for the largest share of the global outboard motors market in 2018, followed by the medium power (10-35 HP) and large power (above 35 HP) segments. The small boat segment is projected to grow at the highest CAGR during the forecast period. In terms of region, North America is estimated to account for the largest share of the global outboard motors market in 2018, followed by Europe and Asia Pacific.
Product Definition:
An outboard motor is a propulsion system for boats that is mounted externally of the boat. Outboard motors are available in gasoline and electric variants. The gasoline outboard motor was invented in 1895 by Ole Evinrude.
Low Power (below 10 HP):
Low power outboard motors are those whose output power is less than 10 HP. The market for low power (below 10 HP) outboard motors is expected to witness significant growth over the forecast period owing to increasing demand from anglers and recreational boaters across the globe.
Outboard motor manufacturers have been focusing on developing efficient.
Medium Power (10-35 HP):
Outboard motors are used for various applications in marine and coastal industry. Outboard motor is a mechanical device which helps to do work on water by using force of wind, waves or current. It is mainly used for propulsion purposes in boats or ships. They can be classified into two power categories namely low power (8-20 HP) and medium power (10-35 HP).
Application Insights:
The smaller boats application segment accounted for the largest revenue share of over 40% in 2017. The demand for outboard motors is increasing in this category as these motors are lighter and provide better thrust than their counterparts, which results in a better performance at lower costs. Furthermore, the growing preference for open-water swimming as well as waterskiing has increased the demand further. In addition to this, recreational boating has also witnessed an upsurge due to easy availability of loans and low interest rates on these loans which encourages consumers to spend more on recreational activities such as fishing trips and cruises along with family gatherings during holidays or weekends away from city life. This trend is expected to continue driving growth over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing recreational boating activities and rising demand for efficient outboard motors among consumers across U.
Growth Factors:
- Increasing demand for personal watercrafts and boats
- Rising popularity of fishing and other water sports
- Growing awareness about the benefits of outboard motors
- Technological advancements in outboard motor design and functionality
- Rising disposable income among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Outboard Motors Market Research Report
By Type
Low Power (below 10 HP), Medium Power (10-35 HP), Large Power (Above 35 HP)
By Application
Smaller Boats, Kayak, Commercial and Pleasure Craft
By Companies
Torqeedo, Minn Kota, MotorGuide, AquaWatt, CSM Tech, Elco Motor Yachts, Krautler Elektromaschinen, Ray Electric Outboards, Aquamot, Suzhou Parsun Power Machine, Torqeedo, 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Outboard Motors Market Report Segments:
The global Outboard Motors market is segmented on the basis of:
Types
Low Power (below 10 HP), Medium Power (10-35 HP), Large Power (Above 35 HP)
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
Smaller Boats, Kayak, Commercial and Pleasure Craft
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:
- Torqeedo
- Minn Kota
- MotorGuide
- AquaWatt
- CSM Tech
- Elco Motor Yachts
- Krautler Elektromaschinen
- Ray Electric Outboards
- Aquamot
- Suzhou Parsun Power Machine
- Torqeedo
- Ray Electric Outboards
Highlights of The Outboard Motors 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 (below 10 HP)
- Medium Power (10-35 HP)
- Large Power (Above 35 HP)
- By Application:
- Smaller Boats
- Kayak
- Commercial and Pleasure Craft
- 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 Outboard Motors 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?
Outboard motors are a type of engine that powers boats and other watercraft. They are typically smaller and more powerful than inboard motors, which power most cars. Outboards typically have a higher torque output, making them better suited for faster-moving water.
Some of the key players operating in the outboard motors market are Torqeedo, Minn Kota, MotorGuide, AquaWatt, CSM Tech, Elco Motor Yachts, Krautler Elektromaschinen, Ray Electric Outboards, Aquamot, Suzhou Parsun Power Machine, Torqeedo, Ray Electric Outboards.
The outboard motors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Outboard Motors 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 Outboard Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Outboard Motors 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 Outboard Motors 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 Outboard Motors Market Size & Forecast, 2018-2028
4.5.1 Outboard Motors Market Size and Y-o-Y Growth
4.5.2 Outboard Motors Market Absolute $ Opportunity
Chapter 5 Global Outboard Motors 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 Outboard Motors Market Size Forecast by Type
5.2.1 Low Power (below 10 HP)
5.2.2 Medium Power (10-35 HP)
5.2.3 Large Power (Above 35 HP)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Outboard Motors 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 Outboard Motors Market Size Forecast by Applications
6.2.1 Smaller Boats
6.2.2 Kayak
6.2.3 Commercial and Pleasure Craft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Outboard Motors 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 Outboard Motors 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 Outboard Motors Analysis and Forecast
9.1 Introduction
9.2 North America Outboard Motors 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 Outboard Motors Market Size Forecast by Type
9.6.1 Low Power (below 10 HP)
9.6.2 Medium Power (10-35 HP)
9.6.3 Large Power (Above 35 HP)
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 Outboard Motors Market Size Forecast by Applications
9.10.1 Smaller Boats
9.10.2 Kayak
9.10.3 Commercial and Pleasure Craft
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 Outboard Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Outboard Motors 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 Outboard Motors Market Size Forecast by Type
10.6.1 Low Power (below 10 HP)
10.6.2 Medium Power (10-35 HP)
10.6.3 Large Power (Above 35 HP)
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 Outboard Motors Market Size Forecast by Applications
10.10.1 Smaller Boats
10.10.2 Kayak
10.10.3 Commercial and Pleasure Craft
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 Outboard Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Outboard Motors 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 Outboard Motors Market Size Forecast by Type
11.6.1 Low Power (below 10 HP)
11.6.2 Medium Power (10-35 HP)
11.6.3 Large Power (Above 35 HP)
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 Outboard Motors Market Size Forecast by Applications
11.10.1 Smaller Boats
11.10.2 Kayak
11.10.3 Commercial and Pleasure Craft
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 Outboard Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Outboard Motors 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 Outboard Motors Market Size Forecast by Type
12.6.1 Low Power (below 10 HP)
12.6.2 Medium Power (10-35 HP)
12.6.3 Large Power (Above 35 HP)
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 Outboard Motors Market Size Forecast by Applications
12.10.1 Smaller Boats
12.10.2 Kayak
12.10.3 Commercial and Pleasure Craft
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) Outboard Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Outboard Motors 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) Outboard Motors Market Size Forecast by Type
13.6.1 Low Power (below 10 HP)
13.6.2 Medium Power (10-35 HP)
13.6.3 Large Power (Above 35 HP)
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) Outboard Motors Market Size Forecast by Applications
13.10.1 Smaller Boats
13.10.2 Kayak
13.10.3 Commercial and Pleasure Craft
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 Outboard Motors Market: Competitive Dashboard
14.2 Global Outboard Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Torqeedo
14.3.2 Minn Kota
14.3.3 MotorGuide
14.3.4 AquaWatt
14.3.5 CSM Tech
14.3.6 Elco Motor Yachts
14.3.7 Krautler Elektromaschinen
14.3.8 Ray Electric Outboards
14.3.9 Aquamot
14.3.10 Suzhou Parsun Power Machine
14.3.11 Torqeedo
14.3.12 Ray Electric Outboards
