Outboard Engines Market Size By Engine, By Fuel, By Power, By Ignition, By Application, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023

Description

List of Tables

Global Outboard Engines Market is set to witness growth between 2023 and 2032, primarily owing to the economic development across the globe, along with increasing government funding towards ongoing infrastructure projects. Besides, supported by surging import and export initiatives, disposable income is increasing around the world, which will also fuel the product demand during the next decade.

Overall, the outboard engines market is segmented in terms of engine, fuel, power, ignition, application, and region.

In terms of engine, the electric segment will grow at more than 6% CAGR during 2023-2032. The segmental growth can be accredited to the stringent emission laws, increasing adoption of electric outboard motors, and steady improvement in battery and motor technology, which is establishing electric outboards as an alternative to fossil fuel-based outboard motors. Citing an instance, in December 2022, the U.S. Environmental Protection Agency announced new emissions standards to cut soot and smog-forming emissions from heavy-duty trucks. As per reports, these new standards are 80% more stringent than the current standard.

In the context of fuel, the market is likely to be characterized by the gasoline segment, which will grow by 2032 end. The demand for gasoline-operated outboard engines is driven by increasing water sports activities and recreational activities worldwide.

On the basis of power, the low segment will grow significantly by 2032, owing to the rising demand for low-powered outboard engines. This can be significantly propelled by the inclining consumer interest toward efficient motors, which can be used for short-haul operations.

Based on the ignition, the manual operated outboard engines are slated to record positive gains over the coming years. The growth is likely to come from the product attributes including hassle-free ignition. Besides, advancements in battery technology will also add impetus to the market demand.

Based on application, the military segment is anticipated to grow at more than 5% CAGR through 2032. The expansion can be accredited to the increasing naval expenditure by various countries to secure their coasts. For instance, in February 2022, it was reported that China increased its naval budget by almost 75% when compared to 2021.

In the regional context, the Europe outboard engines market will grow rapidly by 2032, due to the availability of engine manufacturers in the region. Besides, marine tourism is also increasing in the region, which coupled with the ongoing developments in yachting marina and boating infrastructure will add impetus to the market. As per a report, maritime and coastal tourism is the largest maritime activity in the European Union and employs more than 3 million people, while generating more than USD 193 billion in terms of gross value each year.

Product Code: 4386

Chapter 1 Methodology & Scope

1.1 Scope & Market definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact calculations on the industry forecast
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary

Chapter 2 Executive Summary

2.1 Outboard engines market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Engine type trends
- 2.1.3 Fuel type trends
- 2.1.4 Power trends
- 2.1.5 Ignition type trends
- 2.1.6 Application trends
- 2.1.7 Regional trends

Chapter 3 Outboard Engines Industry Insights

3.1 Industry segmentation
3.2 Industry size and forecast
- 3.2.1 COVID-19 impact on the outboard engines industry
3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Profit margin trends
- 3.3.4 Distribution channel analysis
- 3.3.5 End users
- 3.3.6 Vendor matrix
  - 3.3.6.1 List of key manufacturers/suppliers
3.4 Pricing analysis
- 3.4.1 Regional pricing
  - 3.4.1.1 Europe
  - 3.4.1.2 Asia Pacific
  - 3.4.1.3 Latin America
  - 3.4.1.4 Middle East & Africa
- 3.4.2 COVID-19 impact on pricing
- 3.4.3 Cost structure analysis
3.5 Technology landscape
- 3.5.1 Hybrid marine propulsion
- 3.5.2 Skyhook Digital Anchor
- 3.5.3 Burn Control
- 3.5.4 Boosted Low-Speed Torque (BLAST)
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increasing recreational boating activities
  - 3.6.1.2 Rising production and sales of yachts
  - 3.6.1.3 Improved economy and rising government funding for infrastructure development
  - 3.6.1.4 Growing tourism sector along with strengthening distribution network
  - 3.6.1.5 Increasing disposable income along with surging import & export activities
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Prohibitive prices of modern outboard engines
3.7 Innovation & sustainability
- 3.7.1 3D Printing
- 3.7.2 High torque electric motor
- 3.7.3 V8 425 XTO offshore engine
3.8 Growth potential analysis, 2022
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share analysis, by region 2022
- 4.2.1 North America outboard engines market share analysis 2022
- 4.2.2 Europe outboard engines market share analysis 2022
- 4.2.3 Asia Pacific outboard engines market share analysis 2022
- 4.2.4 Latin America outboard engines market share analysis 2022
- 4.2.5 MEA outboard engines market share analysis 2022
4.3 Vendor adoption matrix, 2022
4.4 Top player overview
4.5 Strategy Dashboard

Chapter 5 Outboard engines Market, By Engine Type

5.1 Outboard engines market engine type insights
5.2 2-stroke
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Market estimates and forecast by region, 2018 - 2032
5.3 4-stroke
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.2 Market estimates and forecast by region, 2018 - 2032
5.4 Electric
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.4.2 Market estimates and forecast by region, 2018 - 2032

Chapter 6 Outboard engines Market, By Fuel Type

6.1 Outboard engines market fuel type insights
6.2 Diesel
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast by region, 2018 - 2032
6.3 Gasoline
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast by region, 2018 - 2032
6.4 Electric
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast by region, 2018 - 2032

Chapter 7 Outboard engines Market, By Power

7.1 Outboard engines market power insights
7.2 Low
- 7.2.1 Market estimates and forecast, 2018 - 2032
- 7.2.2 Market estimates and forecast by region, 2018 - 2032
7.3 Mid
- 7.3.1 Market estimates and forecast, 2018 - 2032
- 7.3.2 Market estimates and forecast by region, 2018 - 2032
7.4 High
- 7.4.1 Market estimates and forecast, 2018 - 2032
- 7.4.2 Market estimates and forecast by region, 2018 - 2032

Chapter 8 Outboard engines Market, By Ignition Type

8.1 Outboard engines market ignition type insights
8.2 Electric
- 8.2.1 Market estimates and forecast, 2018 - 2032
- 8.2.2 Market estimates and forecast by region, 2018 - 2032
8.3 Manual
- 8.3.1 Market estimates and forecast, 2018 - 2032
- 8.3.2 Market estimates and forecast by region, 2018 - 2032