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Electric Outboard Engines Market Growth Potential & Forecast, 2027

Speaking of marine tourism, a report by Ocean Wealth suggests that over 350 million people around the world travel to coral reef coast. Water sports have become a major attraction for marine leisure and entertainment industry. With the growing inclination of youth towards leisure water activities, such as watersports, sailing and fishing trips is propelling the adoption of electric outboard engines for boats.

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Electric Outboard Engines Market Growth Potential & Forecast, 2027

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  1. Electric Outboard Engines Market Regional Trend 2021 | Growth Projections to 2027

  2. Industry Insights: • The electric outboard engines market size is projected to surpass USD 175 million by 2027. Marine tourism is expanding globally on account of enhanced coastal infrastructure and increasing government initiatives for developing coastal regions not just for trade but also for tourism. This is anticipated to provide a major impetus to electric outboard engines market over the upcoming years. • Speaking of marine tourism, a report by Ocean Wealth suggests that over 350 million people around the world travel to coral reef coast. Water sports have become a major attraction for marine leisure and entertainment industry. With the growing inclination of youth towards leisure water activities, such as watersports, sailing and fishing trips is propelling the adoption of electric outboard engines for boats.

  3. The electric outboard engines that are predominantly used for recreational activities lie in the power range of 50 – 150 kW as these engines are capable of hauling larger vessels such as luxury yachts, recreational yachts tugboats and cruisers. With significant technological advancements, engines with higher efficiency, lower environmental emissions are also widely available which is positively influencing the business space. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4942 • Taking the mounting demand for engines in this power range into consideration, industry players are focusing on developing and delivering improved offerings to gain to effectively meet the consumer demand. Citing an instance, in 2020, Torqeedo signed an agreement with ZF to develop an electric sail drive system with steerable joystick docking which will be incorporated in Torqeedo’s Deep Blue propulsion system. According to the company, these 50- and 100-kW systems will provide joystick docking and maneuverability along with efficient hydro-generation performance.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/electric-outboard-engine-market Chapter 4 Electric Outboard Engines Market, By Power 4.1 Global electric outboard engines market power insights 4.2 Below 25 kW 4.2.1 Market estimates and forecasts, 2017-2027 4.2.2 Market estimates and forecast, by region, 2017-2027 4.3 25 to 50 kW 4.3.1 Market estimates and forecasts, 2017-2027

  5. 4.3.2 Market estimates and forecast, by region, 2017-2027 4.4 50 to 150 kW 4.4.1 Market estimates and forecasts, 2017-2027 4.4.2 Market estimates and forecast, by region, 2017-2027 Chapter 5 Electric Outboard Engines Market, By Control 5.1 Global electric outboard engines market control insights 5.2 Tiller 5.2.1 Market estimates and forecasts, 2017-2027 5.2.2 Market estimates and forecast, by region, 2017-2027 5.3 Remote 5.3.1 Market estimates and forecasts, 2017-2027

  6. Region: • The elevating product demand for marine tourism and recreational activities is apparently the major reason for the considerable growth of electric outboard engines in Asia Pacific region. Growing disposable income in the regional countries has increased the consumer expenditure on recreational activities involving cruising and boating. Enhanced boating infrastructure coupled with favorable government policies promoting coastal tourism is complementing the product adoption further. Considering these factors, Asia Pacific electric outboard engines market is projected to register a robust CAGR of around 6% through 2027.

  7. Key Players • Aquawatt • MINN KOTA • ePropulsion • Combi outboards • Evoy • Pure Watercraft • Golden Motor • E-Tech • PARSUN POWER • Stealth Electric Outboards

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