1 / 7

Outboard Engines Market 2022-2030; Growth Forecast & Industry Share Report

Global outboard engines market will grow at a steady rate because of a strong increase in recreational activities. Boating activities saw an unprecedented demand among travelers during the COVID-19 pandemic in 2020, so much so that yacht manufacturing companies were running out of inventory.

sudeepkedar77
Download Presentation

Outboard Engines Market 2022-2030; Growth Forecast & Industry Share Report

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Outboard Engines Market Share, Trend & Growth Forecast to 2030

  2. Industry Insights • A research study conducted by Global Market Insights, Inc., The Outboard Engines Market size could exceed USD 15.5 billion by 2030. • Global outboard engines market will grow at a steady rate because of a strong increase in recreational activities. Boating activities saw an unprecedented demand among travelers during the COVID-19 pandemic in 2020, so much so that yacht manufacturing companies were running out of inventory. • The producers also saw an increase in multi-month waiting lists because customers purchased boats to fulfill their travel needs as well as fend off the COVID-19 virus. While the pandemic caused heavy losses for the travel & tourism sector, boat sales touched an all-time high during this period.

  3. Global market size from electric outboard motors will register 5% CAGR during the forecast period of 2022-2030. The growing concerns regarding carbon emissions and use of fossil fuels to power boats have compelled manufacturers to adopt an eco-friendlier approach. • They are now partnering with outboard engine manufacturers to integrate innovative technologies in electric engines to not only help them reduce their carbon footprint but also improve their performance and efficiency. For instance, Canada-based Vision Marine Technologies, Inc. signed a manufacture & supply agreement with Linamar and its subsidiary McLaren Engineering to produce and assemble Vision’s fully electric outboard motors. • 4-stroke outboard engines will capture 50% of the global industry share over the coming years. A majority of diesel and petrol engines are 4-stroke ones because of their wide-ranging applications in high-powered race boats. • One of the major reasons behind manufacturers opting for these engines is their fuel efficiency; a 4-stroke outboard motor is 50% more fuel efficient as compared to a 2-stroke one. This motor also produces more torque at a lower RPM as compared to a 2-stroke one and is eco-friendly.

  4. Regional Analysis • The global tourism sector has gradually gained significant momentum post the COVID-19 pandemic period. According to the UNWTO, Europe and the Americas registered the strongest growth in 2021, with 19% and 17% rise in tourism activities in both the regions respectively. This factor has created a positive influence on the demand for recreational boating. • Competitive Analysis • Tohatsu Corporation • Cox Powertrain • Mercury Marine Inc. • Honda Motor Co. Ltd. • Evinrude • Golden Motor Technology Co.Ltd. • Volvo Penta

  5. Outboard Engines Market @ https://www.gminsights.com/industry-analysis/outboard-engines-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/4386 Request for customization: https://www.gminsights.com/roc/4386

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related