Electric Outboard Engines Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Electric Outboard Engines Market size is set to record a 6.2% CAGR during 2024-2032 driven by surging demand for eco-friendly and sustainable boating solutions. With escalating concerns about marine pollution and fuel emissions, electric outboard engines are gaining traction on account of their zero-emission operations. Furthermore, advancements in battery technology have not only bolstered the performance of these engines but also extended their operational range, solidifying their status as a preferred choice for both recreational and commercial boating.

Boasting a quiet operation and minimal maintenance, electric outboard engines cater to boaters desiring a serene and hassle-free aquatic experience. The growing network of charging infrastructure, coupled with enhanced battery longevity, amplifies consumer confidence, driving product adoption rate.

The industry is divided into power, speed, application, distribution channel, and region.

Based on application, the electric outboard engines market value from the commercial segment is expected to generate notable revenue by 2032 led by the increasing demand for eco-friendly and sustainable boating solutions. As concerns over marine pollution and fuel emissions grow, there is a rising preference for electric outboard engines due to their zero-emission operation and reduced environmental impact compared to traditional gasoline engines.

In terms of distribution channel, the electric outboard engines market size from the direct sales segment is projected to observe a robust CAGR during 2024 - 2032. Channels, such as manufacturer websites and specialized retailers not only provide in-depth product information and demonstrations but also offer personalized support. This approach not only boosts customer confidence in electric outboard engines but also addresses individual needs, paving the way for informed decisions and heightened adoption rates.

Asia Pacific electric outboard engines industry size will grow substantially between 2024 and 2032 attributed to the rapid development of marine tourism and recreational boating, coupled with increasing environmental awareness and regulatory support. Countries like Australia, Japan, and China are investing in eco-friendly maritime technologies to align with stricter emission regulations and sustainability goals. The rise in disposable incomes and growing interest in water-based activities will fuel demand for electric outboard engines to offer lower operating costs and quieter performance across the region.

Product Code: 4942

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing recreation boating activities
  - 3.2.1.2 Rising production and sale of yacht
  - 3.2.1.3 Growing marine tourism and leisure industry
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 High initial cost of investments
3.3 Growth potential analysis
3.4 Consumer buying behavior analysis
3.5 Technological overview
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Power (USD Billion)

5.1 Key trends
5.2 Below 25 kW
5.3. 25 - 50 kW
5.4. 50 - 150 kW

Chapter 6 Market Estimates and Forecast, By Speed (mph) (USD Billion)

6.1 Key trends
6.2 Below 5 mph
6.3. 5-10 mph
6.4. 10-15 mph
6.5 Above 15 mph

Chapter 7 Market Estimates and Forecast, By Application (USD Billion)

7.1 Key trends
7.2 Commercial
7.3 Recreational
7.4 Military

Chapter 8 Market Estimates and Forecast, By Distribution Channel (USD Billion)

8.1 Key trends
8.2 Direct sale
8.3 Indirect sale

Chapter 9 Market Estimates and Forecast, By Region (USD Billion)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aqua watt
10.2 Combi Outboards
10.3 Elco Motor Yachts
10.4 EPROPULSION
10.5 E-TECH
10.6 Evoy
10.7 Golden Motors
10.8 Hitachi, Ltd.
10.9 KONE
10.10 MINN KOTA
10.11 Mitsubishi Electric Corporation
10.12 Parsun Power
10.13 Pure Watercraft
10.14 Schindler
10.15 Torqeedo GmbH