Outboard Engines Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

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

Electrical
Manual

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

Product Code: PMRREP20314

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