The global outboard electric propulsion motor market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for electric propulsion motors in various applications such as civil entertainment, municipal application, commercial application and others. The increasing demand for electric propulsion motors in these applications is due to their low maintenance cost and high efficiency.
The global outboard electric propulsion motor market has been segmented on the basis of type into low power (below 10 HP), medium power (135 HP) and large power (above 35 HP). Low power segment accounted for the largest share of this market in 2018 owing to its wide usage across various applications such as civil entertainment, municipal application and others. Medium power segment accounted for a significant share of this market owing to its wide usage across various applications such as commercial application, municipal application and others. Large power segment accounted for a small share of this market owing to its limited usage across various applications such as commercial application, municipal application and others.
On the basis of region, North America dominated this global outboard electric propulsion motor market with over 40% share in 2018 due to presence of major players operating in this region which are engaged in manufacturing these products at competitive prices with high quality standards which are driving growth prospects over other regions including Europe, Asia Pacific & Middle East & Africa.
- The increasing demand for electric propulsion motors in the marine industry is a major factor driving the growth of the outboard electric propulsion motor market.
- The increasing demand for outboard electric propulsion motors in recreational boats is also a major factor driving the growth of this market.
- The increasing number of accidents caused by human error and environmental factors such as oil spills are also factors that are driving the growth of this market.
- Increasing awareness about pollution and its effects on marine life is another factor that is contributing to the growth of this market, as it encourages people to switch from gasoline-powered engines to more eco-friendly options such as outboard electric propulsion motors, which produce less emissions and noise pollution than their counterparts do.
- Increasing focus on reducing carbon footprint by governments across various countries is another factor that will drive the growth of this market in coming years.
Industry Growth Insights published a new data on “Outboard Electric Propulsion Motor Market”. The research report is titled “Outboard Electric Propulsion Motor Market research by Types ( Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP), By Applications ( Civil Entertainment2 Municipal Application3 Commercial Application4 Others), By Players/Companies orqeedoAquaWattSuzhou Parsun Power MachineePropulsion TechnologyElco Motor YachtsAquamotRay Electric Outboard”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Outboard Electric Propulsion Motor Market Research Report
By Type
Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
By Application
Civil Entertainment2 Municipal Application3 Commercial Application4 Others
By Companies
orqeedoAquaWattSuzhou Parsun Power MachineePropulsion TechnologyElco Motor YachtsAquamotRay Electric Outboard
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Outboard Electric Propulsion Motor Market Report Segments:
The global Outboard Electric Propulsion Motor market is segmented on the basis of:
Types
Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 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
Civil Entertainment2 Municipal Application3 Commercial Application4 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:
- orqeedoAquaWattSuzhou Parsun Power MachineePropulsion TechnologyElco Motor YachtsAquamotRay Electric Outboard
Highlights of The Outboard Electric Propulsion 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:
- Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
- By Application:
- Civil Entertainment2 Municipal Application3 Commercial Application4 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 Outboard Electric Propulsion 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
- 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?
An outboard electric propulsion motor is a type of electric motor that is used to power boats and other watercraft. Outboard motors are typically smaller and more efficient than inboard motors, which are used to power boats inside of bodies of water.
Some of the key players operating in the outboard electric propulsion motor market are orqeedoAquaWattSuzhou Parsun Power MachineePropulsion TechnologyElco Motor YachtsAquamotRay Electric Outboard.
The outboard electric propulsion motor market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Outboard Electric Propulsion Motor 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. Outboard Electric Propulsion Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Outboard Electric Propulsion Motor Market - Supply Chain
4.5. Global Outboard Electric Propulsion Motor Market Forecast
4.5.1. Outboard Electric Propulsion Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Outboard Electric Propulsion Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Outboard Electric Propulsion Motor Market Absolute $ Opportunity
5. Global Outboard Electric Propulsion Motor 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. Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
5.3.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Outboard Electric Propulsion Motor 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. Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
6.3.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Outboard Electric Propulsion Motor 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. Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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. Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Demand Share Forecast, 2019-2026
9. North America Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
9.4.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
9.7.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
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 Outboard Electric Propulsion Motor Demand Share Forecast, 2019-2026
10. Latin America Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
10.4.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
10.7.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
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 Outboard Electric Propulsion Motor Demand Share Forecast, 2019-2026
11. Europe Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
11.4.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
11.7.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Lage Power (Above 35 HP
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Outboard Electric Propulsion Motor Demand Share, 2019-2026
12. Asia Pacific Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
12.4.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
12.7.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
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 Outboard Electric Propulsion Motor Demand Share, 2019-2026
13. Middle East & Africa Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor 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 Outboard Electric Propulsion Motor Market Size and Volume Forecast by Application
13.4.1. Civil Entertainment2 Municipal Application3 Commercial Application4 Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Outboard Electric Propulsion Motor Market Size and Volume Forecast by Type
13.7.1. Low Power (Below 10 HP)2 Medium Power (10-35 HP)3 Large Power (Above 35 HP
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 Outboard Electric Propulsion Motor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Outboard Electric Propulsion Motor Market: Market Share Analysis
14.2. Outboard Electric Propulsion Motor Distributors and Customers
14.3. Outboard Electric Propulsion Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. orqeedoAquaWattSuzhou Parsun Power MachineePropulsion TechnologyElco Motor YachtsAquamotRay Electric Outboard
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. COMPANY2
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COMPANY3
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
