Product Code: PMRREP20314
Persistence Market Research has recently published an extensive report on the global Outboard Engines Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.
Key Insights:
- Outboard Engines Market Size (2024E): US$4606.1 Mn
- Projected Market Value (2033F): US$5833.4 Mn
- Global Market Growth Rate (CAGR 2024 to 2033): 2.7%
Outboard Engines Market - Report Scope:
The Outboard Engines Market includes a broad spectrum of engine types used primarily in maritime applications for small to medium-sized boats. These engines are mounted externally on the rear of the boat, providing propulsion and steering. Outboard engines come in varying horsepower ratings to cater to different vessel sizes and purposes, ranging from recreational boating to fishing, rescue, and military operations. The market covers various fuel types, including gasoline, diesel, and electric. The growing interest in marine tourism, along with advances in engine technology, is contributing to the steady growth of this market.
Market Growth Drivers:
Several key factors are propelling the global Outboard Engines Market. The rising interest in recreational water sports and boating activities, especially in coastal regions, has significantly contributed to the demand for outboard engines. The growth in the fishing industry, both for commercial and recreational purposes, further fuels market expansion. Technological advancements, such as fuel efficiency improvements and the introduction of electric outboard motors, are also driving market growth. Environmental regulations favoring lower emissions have increased the popularity of eco-friendly, electric-powered outboard engines, further boosting market prospects.
Additionally, the increasing disposable incomes in emerging economies have led to a rise in recreational boat ownership, which has positively impacted the outboard engines market. Moreover, the availability of a wide range of engine models, from lightweight and portable options to powerful, high-performance models, is expanding the consumer base across different regions.
Market Restraints:
Despite the optimistic outlook, the Outboard Engines Market faces several challenges. High initial costs associated with purchasing and maintaining advanced outboard engines may limit their affordability for certain consumer segments. The competitive landscape, with numerous established and emerging players, has led to price wars and shrinking profit margins. Additionally, the fluctuating costs of raw materials and fuel, coupled with supply chain disruptions, can negatively impact production and sales.
Environmental concerns and stringent regulations concerning marine emissions pose another challenge. Manufacturers are compelled to invest heavily in R&D to produce engines that meet global emissions standards, particularly in regions like Europe and North America. Moreover, the noise generated by outboard engines can deter some consumers, particularly in eco-sensitive areas where silent operations are required.
Market Opportunities:
The Outboard Engines Market presents several promising opportunities for growth. The rising demand for eco-friendly and electric-powered outboard engines offers significant potential, especially as governments and consumers prioritize sustainability. Electric engines, with their low maintenance, quiet operation, and zero emissions, are expected to see increased adoption in the coming years.
Another area of opportunity lies in emerging markets where economic growth and increasing disposable incomes are fueling boat ownership. These regions, particularly in Asia-Pacific and Latin America, are expected to witness rapid growth in recreational boating activities, driving demand for outboard engines.
Furthermore, innovations in engine design, such as lightweight materials, fuel efficiency, and smart technologies (e.g., GPS integration, digital controls), offer manufacturers opportunities to differentiate their products and attract a broader customer base. Collaborations between engine manufacturers and boat builders can also lead to customized solutions tailored to specific market needs, thereby enhancing customer satisfaction and loyalty.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the Outboard Engines Market globally?
- Which types of outboard engines are leading the market adoption in various regions?
- How are technological advancements influencing the competitive landscape of the Outboard Engines Market?
- Who are the key players in the Outboard Engines Market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in the global Outboard Engines Market?
Competitive Intelligence and Business Strategy:
Leading players in the global Outboard Engines Market, including Yamaha Motor Co. Ltd., Honda Motor Co., Ltd., and Mercury Marine, are focusing on product innovation and technological advancements to stay competitive. These companies are heavily investing in research and development to improve fuel efficiency, reduce emissions, and enhance the overall performance of outboard engines. Collaborations with boat manufacturers and regional distributors have also helped leading players expand their market reach and customer base.
Marketing strategies focusing on sustainability, performance, and innovation are driving consumer interest in their products. Additionally, some manufacturers are forming strategic partnerships to offer comprehensive marine solutions, combining engines with advanced navigation and safety systems, thus enhancing the overall boating experience.
Key Companies Profiled:
- DEUTZ Aktiengesellschaft
- Honda Motor Co., Ltd.
- Brunswick Corporation
- Suzuki Motor Corporation
- BRP Inc.
- Tohatsu Corporation
- Yamaha Motor Co., Ltd.
- LEHR, LLC
- Krautler Elektromaschinen Gmbh
- Volvo Penta
- Yongkang Longxiao Industry
- Parsun Power Machine Co., Ltd
Outboard Engines Market Industry Segmentation
By Power Type
- Less than 30 HP
- 30 HP to 100 HP
- Above 100 HP
By Technology Type
- Two Stroke Carbureted
- Two Stroke Electronic Fuel Injection
- Two Stroke Direct Injection System
- Four Stroke Carbureted
- Four Stroke Electronic Fuel Injection
By Start Type
By Boat Type
- Fishing Vessels
- Recreational Vessels
- Special Purpose Boats
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
4. Key Success Factors
5. Global market Demand Analysis 2019-2023 and Forecast, 2024-2033
- 5.1. Historical Market Volume (Units) Analysis, 2019-2023
- 5.2. Current and Future Market Volume (Units) Projections, 2024-2033
- 5.3. Y-o-Y Growth Trend Analysis
6. Global market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Power Type
- 6.2. Global Average Pricing Analysis Benchmark
7. Global market Demand (in Value or Size in US$ Mn ) Analysis 2019-2023 and Forecast, 2024-2033
- 7.1. Historical Market Value (US$ Mn ) Analysis, 2019-2023
- 7.2. Current and Future Market Value (US$ Mn ) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global Economic Outlook
- 8.1.2. Global GDP Growth
- 8.1.3. Global Population Outlook
- 8.1.4. Global Fishing Industry Outlook
- 8.1.5. Global Marine and Coastal Tourism growth Outlook
- 8.1.6. Other Key Macro-Economic Factors
- 8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. Global Increasing Boats and Boat Trailers Fleet Size
- 8.2.3. Rising Demand for Personal Water Crafts Outlook
- 8.2.4. Regulatory Impact Outlook
- 8.2.5. Other Key Forecast Factors
- 8.3. Value Chain
- 8.3.1. List of Manufacturers
- 8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
- 8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
9. Global market Analysis 2019-2023 and Forecast 2024-2033, By Power Type
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Mn ) and Volume Analysis By Power Type, 2019-2023
- 9.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By Power Type, 2024-2033
- 9.3.1. Less than 30 HP
- 9.3.2. 30 HP to 100 HP
- 9.3.3. Above 100 HP
- 9.4. Market Attractiveness Analysis By Power Type
10. Global market Analysis 2019-2023 and Forecast 2024-2033, By Technology Type
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn ) and Volume Analysis by Technology Type, 2019-2023
- 10.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast by Technology Type, 2024-2033
- 10.3.1. Two Stroke Carbureted
- 10.3.2. Two Stroke Electronic Fuel Injection
- 10.3.3. Two Stroke Direct Injection System
- 10.3.4. Four Stroke Carbureted
- 10.3.5. Two Stroke Electronic Fuel Injection
- 10.4. Market Attractiveness Analysis By Technology Type
11. Global market Analysis 2019-2023 and Forecast 2024-2033, By Start Type
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Mn ) and Volume Analysis By Start Type, 2019-2023
- 11.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By Start Type, 2024-2033
- 11.3.1. Electrical
- 11.3.2. Manual
- 11.4. Market Attractiveness Analysis By Start Type
12. Global market Analysis 2019-2023 and Forecast 2024-2033, By Boat Type
- 12.1. Introduction / Key Findings
- 12.2. Historical Market Size (US$ Mn ) and Volume Analysis By Boat Type, 2019-2023
- 12.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By Boat Type, 2024-2033
- 12.3.1. Fishing Vessels
- 12.3.2. Recreational Vessels
- 12.3.3. Special Purpose Boats
- 12.4. Market Attractiveness Analysis By Boat Type
13. Global market Analysis 2019-2023 and Forecast 2024-2033, by Region
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Mn ) and Volume Analysis By Region, 2019-2023
- 13.3. Current Market Size (US$ Mn ) and Volume Analysis and Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia and the Pacific
- 13.3.6. The Middle East and Africa (MEA)
- 13.4. Market Attractiveness Analysis By Region
14. North America Market Analysis 2019-2023 and Forecast 2024-2033
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 14.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
- 14.3.1.1. U.S.
- 14.3.1.2. Canada
- 14.3.2. By Power Type
- 14.3.3. By Technology Type
- 14.3.4. By Start Type
- 14.3.5. By Boat Type
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Power Type
- 14.4.3. By Technology Type
- 14.4.4. By Start Type
- 14.4.5. By Boat Type
15. Latin America Market Analysis 2019-2023 and Forecast 2024-2033
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 15.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
- 15.3.1.1. Brazil
- 15.3.1.2. Mexico
- 15.3.1.3. Rest of Latin America
- 15.3.2. By Power Type
- 15.3.3. By Technology Type
- 15.3.4. By Start Type
- 15.3.5. By Boat Type
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Power Type
- 15.4.3. By Technology Type
- 15.4.4. By Start Type
- 15.4.5. By Boat Type
16. Europe Market Analysis 2019-2023 and Forecast 2024-2033
- 16.1. Introduction
- 16.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 16.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
- 16.3.1.1. Germany
- 16.3.1.2. Italy
- 16.3.1.3. France
- 16.3.1.4. The Ultrasonic Flow Meter Flow Meter
- 16.3.1.5. Spain
- 16.3.1.6. BENELUX
- 16.3.1.7. Russia
- 16.3.1.8. Rest of Europe
- 16.3.2. By Power Type
- 16.3.3. By Technology Type
- 16.3.4. By Start Type
- 16.3.5. By Boat Type
- 16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Power Type
- 16.4.3. By Technology Type
- 16.4.4. By Start Type
- 16.4.5. By Boat Type
17. East Asia Market Analysis 2019-2023 and Forecast 2024-2033
- 17.1. Introduction
- 17.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 17.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
- 17.3.1.1. China
- 17.3.1.2. Japan
- 17.3.1.3. South Korea
- 17.3.2. By Power Type
- 17.3.3. By Technology Type
- 17.3.4. By Start Type
- 17.3.5. By Boat Type
- 17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Power Type
- 17.4.3. By Technology Type
- 17.4.4. By Start Type
- 17.4.5. By Boat Type
18. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033
- 18.1. Introduction
- 18.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 18.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
- 18.3.1.1. India
- 18.3.1.2. ASEAN
- 18.3.1.3. ANZ
- 18.3.1.4. Rest of South Asia & Pacific
- 18.3.2. By Power Type
- 18.3.3. By Technology Type
- 18.3.4. By Start Type
- 18.3.5. By Boat Type
- 18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Power Type
- 18.4.3. By Technology Type
- 18.4.4. By Start Type
- 18.4.5. By Boat Type
19. The Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033
- 19.1. Introduction
- 19.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
- 19.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.3.1. By Country
- 19.3.1.1. GCC Countries
- 19.3.1.2. Turkiye
- 19.3.1.3. Northern Africa
- 19.3.1.4. South Africa
- 19.3.1.5. Rest of the Middle East and Africa
- 19.3.2. By Power Type
- 19.3.3. By Technology Type
- 19.3.4. By Start Type
- 19.3.5. By Boat Type
- 19.4. Market Attractiveness Analysis
- 19.4.1. By Country
- 19.4.2. By Power Type
- 19.4.3. By Technology Type
- 19.4.4. By Start Type
- 19.4.5. By Boat Type
20. Country Wise Market Analysis
- 20.1. U.S. Market Analysis
- 20.1.1. By Power Type
- 20.1.2. By Technology Type
- 20.1.3. By Start Type
- 20.1.4. By Boat Type
- 20.2. Canada Market Analysis
- 20.2.1. By Power Type
- 20.2.2. By Technology Type
- 20.2.3. By Start Type
- 20.2.4. By Boat Type
- 20.3. Mexico Market Analysis
- 20.3.1. By Power Type
- 20.3.2. By Technology Type
- 20.3.3. By Start Type
- 20.3.4. By Boat Type
- 20.4. Brazil Market Analysis
- 20.4.1. By Power Type
- 20.4.2. By Technology Type
- 20.4.3. By Start Type
- 20.4.4. By Boat Type
- 20.5. Germany Market Analysis
- 20.5.1. By Power Type
- 20.5.2. By Technology Type
- 20.5.3. By Start Type
- 20.5.4. By Boat Type
- 20.6. Italy Market Analysis
- 20.6.1. By Power Type
- 20.6.2. By Technology Type
- 20.6.3. By Start Type
- 20.6.4. By Boat Type
- 20.7. France Market Analysis
- 20.7.1. By Power Type
- 20.7.2. By Technology Type
- 20.7.3. By Start Type
- 20.7.4. By Boat Type
- 20.8. U.K. Meter Market Analysis
- 20.8.1. By Power Type
- 20.8.2. By Technology Type
- 20.8.3. By Start Type
- 20.8.4. By Boat Type
- 20.9. Spain Market Analysis
- 20.9.1. By Power Type
- 20.9.2. By Technology Type
- 20.9.3. By Start Type
- 20.9.4. By Boat Type
- 20.10. BENELUX Market Analysis
- 20.10.1. By Power Type
- 20.10.2. By Technology Type
- 20.10.3. By Start Type
- 20.10.4. By Boat Type
- 20.11. Russia Market Analysis
- 20.11.1. By Power Type
- 20.11.2. By Technology Type
- 20.11.3. By Start Type
- 20.11.4. By Boat Type
- 20.12. China Market Analysis
- 20.12.1. By Power Type
- 20.12.2. By Technology Type
- 20.12.3. By Start Type
- 20.12.4. By Boat Type
- 20.13. Japan Market Analysis
- 20.13.1. By Power Type
- 20.13.2. By Technology Type
- 20.13.3. By Start Type
- 20.13.4. By Boat Type
- 20.14. South Korea Market Analysis
- 20.14.1. By Power Type
- 20.14.2. By Technology Type
- 20.14.3. By Start Type
- 20.14.4. By Boat Type
- 20.15. India Market Analysis
- 20.15.1. By Power Type
- 20.15.2. By Technology Type
- 20.15.3. By Start Type
- 20.15.4. By Boat Type
- 20.16. ASEAN Market Analysis
- 20.16.1. By Power Type
- 20.16.2. By Technology Type
- 20.16.3. By Start Type
- 20.16.4. By Boat Type
- 20.17. Australia and New Zealand Market Analysis
- 20.17.1. By Power Type
- 20.17.2. By Technology Type
- 20.17.3. By Start Type
- 20.17.4. By Boat Type
- 20.18. GCC Countries Market Analysis
- 20.18.1. By Power Type
- 20.18.2. By Technology Type
- 20.18.3. By Start Type
- 20.18.4. By Boat Type
- 20.19. Turkiye Market Analysis
- 20.19.1. By Power Type
- 20.19.2. By Technology Type
- 20.19.3. By Start Type
- 20.19.4. By Boat Type
- 20.20. Northern Africa Market Analysis
- 20.20.1. By Power Type
- 20.20.2. By Technology Type
- 20.20.3. By Start Type
- 20.20.4. By Boat Type
- 20.21. South Africa Market Analysis
- 20.21.1. By Power Type
- 20.21.2. By Technology Type
- 20.21.3. By Start Type
- 20.21.4. By Boat Type
21. Market Structure Analysis
- 21.1. Market Analysis by Tier of Companies (Outboard Engines Market)
- 21.2. Market Share Analysis of Top Players
- 21.3. Market Presence Analysis
22. Competition Analysis
- 22.1. Competition Dashboard
- 22.2. Competition Benchmarking
- 22.3. Competition Deep Dive
- 22.3.1. DEUTZ Aktiengesellschaft
- 22.3.1.1. Overview
- 22.3.1.2. System Portfolio
- 22.3.1.3. Key Financials by Market Segments (System/Region)
- 22.3.1.4. Sales Footprint
- 22.3.1.5. Strategy Overview
- 22.3.2. Honda Motor Co., Ltd.
- 22.3.2.1. Overview
- 22.3.2.2. System Portfolio
- 22.3.2.3. Key Financials by Market Segments (System/Region)
- 22.3.2.4. Sales Footprint
- 22.3.2.5. Strategy Overview
- 22.3.3. Brunswick Corporation
- 22.3.3.1. Overview
- 22.3.3.2. System Portfolio
- 22.3.3.3. Key Financials by Market Segments (System/Region)
- 22.3.3.4. Sales Footprint
- 22.3.3.5. Strategy Overview
- 22.3.4. Suzuki Motor Corporation
- 22.3.4.1. Overview
- 22.3.4.2. System Portfolio
- 22.3.4.3. Key Financials by Market Segments (System/Region)
- 22.3.4.4. Sales Footprint
- 22.3.4.5. Strategy Overview
- 22.3.5. BRP Inc.
- 22.3.5.1. Overview
- 22.3.5.2. System Portfolio
- 22.3.5.3. Key Financials by Market Segments (System/Region)
- 22.3.5.4. Sales Footprint
- 22.3.5.5. Strategy Overview
- 22.3.6. Tohatsu Corporation
- 22.3.6.1. Overview
- 22.3.6.2. System Portfolio
- 22.3.6.3. Key Financials by Market Segments (System/Region)
- 22.3.6.4. Sales Footprint
- 22.3.6.5. Strategy Overview
- 22.3.7. Yamaha Motor Co., Ltd.
- 22.3.7.1. Overview
- 22.3.7.2. System Portfolio
- 22.3.7.3. Key Financials by Market Segments (System/Region)
- 22.3.7.4. Sales Footprint
- 22.3.7.5. Strategy Overview
- 22.3.8. LEHR, LLC
- 22.3.8.1. Overview
- 22.3.8.2. System Portfolio
- 22.3.8.3. Key Financials by Market Segments (System/Region)
- 22.3.8.4. Sales Footprint
- 22.3.8.5. Strategy Overview
- 22.3.9. Krautler Elektromaschinen Gmbh
- 22.3.9.1. Overview
- 22.3.9.2. System Portfolio
- 22.3.9.3. Key Financials by Market Segments (System/Region)
- 22.3.9.4. Sales Footprint
- 22.3.9.5. Strategy Overview
- 22.3.10. Volvo Penta
- 22.3.10.1. Overview
- 22.3.10.2. System Portfolio
- 22.3.10.3. Key Financials by Market Segments (System/Region)
- 22.3.10.4. Sales Footprint
- 22.3.10.5. Strategy Overview
- 22.3.11. Yongkang Longxiao Industry
- 22.3.11.1. Overview
- 22.3.11.2. System Portfolio
- 22.3.11.3. Key Financials by Market Segments (System/Region)
- 22.3.11.4. Sales Footprint
- 22.3.11.5. Strategy Overview
- 22.3.12. Parsun Power Machine Co., Ltd
- 22.3.12.1. Overview
- 22.3.12.2. System Portfolio
- 22.3.12.3. Key Financials by Market Segments (System/Region)
- 22.3.12.4. Sales Footprint
- 22.3.12.5. Strategy Overview
23. Assumptions and Acronyms Used
24. Primary Survey Analysis
25. Research Methodology