The Global Outboard Engines Market is estimated to exhibit a CAGR of 5.10% during the forecast period of 2021-2028. The increase in the number of water sports and boating activities is escalating the growth of outboard engines market. On the other hand, the implementation of stringent environmental regulations and dependence on heavy fuel as the primary fuel are the factors expected to obstruct the outboard engines market growth. The fluctuations in oil & gas prices and negative impact of COVID-19 are projected to challenge the outboard engines market
Global Outboard Engines Market Scenario
According to Data Bridge Market Research, the outboard engines market will exhibit a significant rise in its market value. The technological developments in propeller materials in order to enhance the reliability and performance of engines act as one of the major factors driving the growth of outboard engines market. The increase in adoption of several technologies such as blast and programmed fuel injection with the purpose of improving fuel efficiency and rise in requirement of outboard engines in recreational boating activities accelerate the outboard engines market growth.
Currently, North America dominates the global outboard engines market in terms of market share and market revenue owing to the high economic growth, change in consumer preference, and surge in disposable incomes and increase in popularity of recreational activities such as powerboat racing, sailing and cruising.
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Market Scope of the Outboard Engines Market
The global outboard engines market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- The global outboard engines market is further segmented on the basis of engine type into 2-stroke, 4-stroke and electric. On the basis of fuel type, the outboard engines market is segmented into diesel, gasoline and electric. On the basis of power type, the outboard engines market is segmented into less than 30 HP, 30HP to 100 HP and above 100 HP. On the basis of technology type, the outboard engines market is segmented into two stroke carbureted, two stroke electronic fuel injection, two stroke direct injection system, four stroke carbureted and four stroke electronic fuel injection. On the basis of ignition type, the outboard engines market is segmented into electric and manual. On the basis of boat type, the outboard engines market is segmented into fishing vessels, recreational vessels and special purpose boats. On the basis of applications, the outboard engines market is segmented into commercial, recreational and military.
- An outboard refers to a portable, self-contained package of an engine, propeller and gear case which is attached to the transom of a boat. Various outboard engines provide four-stroke design, although number of them still possesses two-stroke engines burning as a lubricant with the fuel. New-technology two-stroke outboards refer to direct-injection engines and burn over 75% cleaner when compared to conventional two-stroke outboards.
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Key Pointers Covered in the Outboard Engines Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
Key Market Competitors Covered in Outboard Engines Market report
- Cox Marine
- Elco Motor Yachts
- Golden Motor Technology Co., Ltd.
- BRP
- Honda Motor Co., Ltd
- RAI Amsterdam
- Mercury Marine
- Mud motors by Mudd Hog Mud Motors, LLC
- Powertec Supplies (I) Pvt. Ltd
- Suzuki Marine
- Tohatsu Corporation
- Yongkang Longxiao Industry
- Torqeedo GmbH
- AB Volvo
- Yamaha Motor Co., Ltd
- YANMAR HOLDINGS CO., LTD
- Deutz AG
- Brunswick Corporation
- Kräutler Elektromaschinen
- Parsun Power machine
Above are the key players covered in the report, to know about more and exhaustive list of outboard engines market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-outboard-engines-market
Research Methodology: Global Outboard Engines Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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