Outboard Engines Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently released a comprehensive report on the worldwide Outboard Engines Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global outboard engines market from 2025 to 2032.

Key Insights:

Outboard Engines Market Size (2025E): USD 5,469.1 Million
Projected Market Value (2032F): USD 8,279.6 Million
Global Market Growth Rate (CAGR 2025 to 2032): 6.1%

Outboard Engines Market - Report Scope:

Outboard engines are self-contained propulsion systems mounted externally on marine vessels, combining engine, gearbox, and propeller in a single unit to deliver maneuverability and thrust. These engines are integral to recreational boats, fishing vessels, and commercial watercraft due to their portability, ease of maintenance, and versatility across boat types. The market includes a wide range of segments based on horsepower, engine type (two-stroke, four-stroke, electric), start type (electric/manual), boat type, and fuel type. The report also covers key regional markets such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Market Growth Drivers:

The global outboard engines market is driven by growing interest in recreational boating and marine tourism, which is fuelling demand for leisure and sport boats globally. Rising disposable incomes and the expansion of coastal and inland waterway activities are further supporting market growth. Additionally, advancing propulsion technologies-including fuel-efficient four-stroke engines and the rising adoption of electric and hybrid outboard systems-enhance performance and environmental compliance, attracting both recreational and commercial users.

Market Restraints:

Despite favorable growth prospects, the outboard engines market faces challenges associated with high ownership and maintenance costs, particularly for larger or high-horsepower models. The initial purchase price and long-term maintenance expenses can be barriers to adoption, especially in price-sensitive markets and among small-scale operators. These cost factors can limit market penetration in developing regions with constrained consumer spending power.

Market Opportunities:

Significant opportunities in the outboard engines market are emerging from the accelerated shift toward electrification and sustainable propulsion systems. Electric and hybrid outboard engines are gaining traction as environmental regulations tighten and consumer preferences shift toward zero-emission solutions. Strategic investments in R&D and partnerships focused on scalable electric platforms provide manufacturers with premium growth potential. Moreover, expanding marine infrastructure and rising marine tourism in Asia Pacific and other developing regions present new avenues for market expansion.

Key Questions Answered in the Report:

What are the primary factors driving growth in the outboard engines market globally?
Which engine types and horsepower segments dominate the market landscape?
How are technological advancements influencing innovation and adoption of outboard propulsion systems?
Who are the leading players in the outboard engines market, and what strategies are they pursuing?
What are the emerging trends and future prospects for the global outboard engines market?

Competitive Intelligence and Business Strategy:

Leading players in the global outboard engines market focus on innovation, electrification, and expanding product portfolios to stay competitive. Manufacturers are integrating smart diagnostics, digital throttle control, and GPS-linked navigation features to enhance user experience and reliability. Strategic collaborations, such as partnerships between traditional engine makers and engineering specialists in electric propulsion, are accelerating market entry into sustainable segments. Competitive strategies also emphasize expanding global distribution networks and service capabilities to support installations and after-sales maintenance.

Key Companies Profiled:

Yamaha
Evinrude (BRP)
Brunswick Corporation (Parent Company of Mercury Marine)
Honda Motor Co., Ltd.
DEUTZ Aktiengesellschaft (DEUTZ AG)
Suzuki Motor Corporation (SMC)
Tohatsu Corporation
LEHR, LLC
Krautler Elektromaschinen GmbH
Volvo Penta
Yongkang Longxiao Industry
Parsun Power Machine Co., Ltd.

Market Segmentation

By Horsepower

Less than 30 HP
30 HP to 100 HP
100 HP to 150 HP
Above 150 HP

By Engine Type

Two Strokes
Four Strokes
Electric

By Start Type

Electric
Manual

By Boat Type

Fishing Vessels
Recreational Vessels
Special Purpose Boats

By Fuel Type

Diesel
Gasoline
Electric

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Product Code: PMRREP20314

1. Executive Summary

1.1. Global Outboard Engines Market Snapshot 2024 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Tourism and Recreational Activity by Region
- 2.3.3. Global Marine Infrastructure Development Overview
- 2.3.4. Global Population Growth and Demographics Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019-2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Outboard Engines Market Outlook:

5.1. Key Highlights
5.2. Global Outboard Engines Market Outlook: Horsepower
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Horsepower, 2019-2024
- 5.2.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
  - 5.2.3.1. Less than 30 HP
  - 5.2.3.2. 30 HP to 100 HP
  - 5.2.3.3. 100 HP to 150 HP
  - 5.2.3.4. Above 150 HP
- 5.2.4. Market Attractiveness Analysis: Horsepower
5.3. Global Outboard Engines Market Outlook: Engine Type
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Engine Type, 2019-2024
- 5.3.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
  - 5.3.3.1. Two Strokes
  - 5.3.3.2. Four Strokes
  - 5.3.3.3. Electric
- 5.3.4. Market Attractiveness Analysis: Engine Type
5.4. Global Outboard Engines Market Outlook: Start Type
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Start Type, 2019-2024
- 5.4.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
  - 5.4.3.1. Electric
  - 5.4.3.2. Manual
- 5.4.4. Market Attractiveness Analysis: Start Type
5.5. Global Outboard Engines Market Outlook: Boat Type
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Boat Type, 2019-2024
- 5.5.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
  - 5.5.3.1. Fishing Vessels
  - 5.5.3.2. Recreational Vessels
  - 5.5.3.3. Special Purpose Boats
- 5.5.4. Market Attractiveness Analysis: Boat Type
5.6. Global Outboard Engines Market Outlook: Fuel Type
- 5.6.1. Introduction/Key Findings
- 5.6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Fuel Type, 2019-2024
- 5.6.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
  - 5.6.3.1. Diesel
  - 5.6.3.2. Gasoline
  - 5.6.3.3. Electric
- 5.6.4. Market Attractiveness Analysis: Fuel Type

6. Global Outboard Engines Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Outboard Engines Market Outlook:

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 7.4.1. Less than 30 HP
- 7.4.2. 30 HP to 100 HP
- 7.4.3. 100 HP to 150 HP
- 7.4.4. Above 150 HP
7.5. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 7.5.1. Two Strokes
- 7.5.2. Four Strokes
- 7.5.3. Electric
7.6. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 7.6.1. Electric
- 7.6.2. Manual
7.7. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 7.7.1. Fishing Vessels
- 7.7.2. Recreational Vessels
- 7.7.3. Special Purpose Boats
7.8. North America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 7.8.1. Diesel
- 7.8.2. Gasoline
- 7.8.3. Electric

8. Europe Outboard Engines Market Outlook:

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 8.4.1. Less than 30 HP
- 8.4.2. 30 HP to 100 HP
- 8.4.3. 100 HP to 150 HP
- 8.4.4. Above 150 HP
8.5. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 8.5.1. Two Strokes
- 8.5.2. Four Strokes
- 8.5.3. Electric
8.6. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 8.6.1. Electric
- 8.6.2. Manual
8.7. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 8.7.1. Fishing Vessels
- 8.7.2. Recreational Vessels
- 8.7.3. Special Purpose Boats
8.8. Europe Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 8.8.1. Diesel
- 8.8.2. Gasoline
- 8.8.3. Electric

9. East Asia Outboard Engines Market Outlook:

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 9.4.1. Less than 30 HP
- 9.4.2. 30 HP to 100 HP
- 9.4.3. 100 HP to 150 HP
- 9.4.4. Above 150 HP
9.5. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 9.5.1. Two Strokes
- 9.5.2. Four Strokes
- 9.5.3. Electric
9.6. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 9.6.1. Electric
- 9.6.2. Manual
9.7. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 9.7.1. Fishing Vessels
- 9.7.2. Recreational Vessels
- 9.7.3. Special Purpose Boats
9.8. East Asia Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 9.8.1. Diesel
- 9.8.2. Gasoline
- 9.8.3. Electric

10. South Asia & Oceania Outboard Engines Market Outlook:

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 10.4.1. Less than 30 HP
- 10.4.2. 30 HP to 100 HP
- 10.4.3. 100 HP to 150 HP
- 10.4.4. Above 150 HP
10.5. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 10.5.1. Two Strokes
- 10.5.2. Four Strokes
- 10.5.3. Electric
10.6. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 10.6.1. Electric
- 10.6.2. Manual
10.7. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 10.7.1. Fishing Vessels
- 10.7.2. Recreational Vessels
- 10.7.3. Special Purpose Boats
10.8. South Asia & Oceania Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 10.8.1. Diesel
- 10.8.2. Gasoline
- 10.8.3. Electric

11. Latin America Outboard Engines Market Outlook:

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 11.4.1. Less than 30 HP
- 11.4.2. 30 HP to 100 HP
- 11.4.3. 100 HP to 150 HP
- 11.4.4. Above 150 HP
11.5. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 11.5.1. Two Strokes
- 11.5.2. Four Strokes
- 11.5.3. Electric
11.6. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 11.6.1. Electric
- 11.6.2. Manual
11.7. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 11.7.1. Fishing Vessels
- 11.7.2. Recreational Vessels
- 11.7.3. Special Purpose Boats
11.8. Latin America Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 11.8.1. Diesel
- 11.8.2. Gasoline
- 11.8.3. Electric

12. Middle East & Africa Outboard Engines Market Outlook:

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Horsepower, 2025-2032
- 12.4.1. Less than 30 HP
- 12.4.2. 30 HP to 100 HP
- 12.4.3. 100 HP to 150 HP
- 12.4.4. Above 150 HP
12.5. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Engine Type, 2025-2032
- 12.5.1. Two Strokes
- 12.5.2. Four Strokes
- 12.5.3. Electric
12.6. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Start Type, 2025-2032
- 12.6.1. Electric
- 12.6.2. Manual
12.7. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Boat Type, 2025-2032
- 12.7.1. Fishing Vessels
- 12.7.2. Recreational Vessels
- 12.7.3. Special Purpose Boats
12.8. Middle East & Africa Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, by Fuel Type, 2025-2032
- 12.8.1. Diesel
- 12.8.2. Gasoline
- 12.8.3. Electric

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Yamaha
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Evinrude (BRP)
- 13.3.3. Brunswick Corporation (Parent Company of Mercury Marine)
- 13.3.4. Honda Motor Co., Ltd.
- 13.3.5. DEUTZ Aktiengesellschaft (DEUTZ AG)
- 13.3.6. Suzuki Motor Corporation (SMC)
- 13.3.7. Tohatsu Corporation
- 13.3.8. LEHR, LLC
- 13.3.9. Krautler Elektromaschinen Gmbh
- 13.3.10. Volvo Penta
- 13.3.11. Yongkang Longxiao Industry
- 13.3.12. Parsun Power Machine Co., Ltd.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations