Global Electric Outboard Engines Market, By Engine Type (2-stroke, 4-stroke, Electric), Fuel Type (Diesel, Gasoline, Electric), Power (Low, Mid, High), Ignition Type (Electric, Manual), Application (Commercial, Recreational, Military), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Electric Outboard Engines Market
The electric outboard engines market will reach at an estimated value of USD 176.41 billion and grow at a CAGR of 5.10% in the forecast period of 2021 to 2028. Increasing recreational boating activities is an essential factor driving the electric outboard engines market
Electric outboard motors are the type of self-contained propulsory units for boats and these boats are highly efficient for very light boats for motorboats & sailboats up to 10 ton; for commercial operators & green boaters; and dinghies, tenders, and daysailers up to 1.5 tons. Growing number of boats is expected to influence the growth of electric outboard motors.
Rising production and sales of yachts is a crucial factor accelerating the market growth, also rising improved economy and the rising government funding for infrastructure development, rising tourism sector along with the strengthening distribution network, rising disposable income along with surging import and export activities, increasing demand for marine protection projects and water sports and rising concern for environment protection to lower emission are the major factors among others boosting the electric outboard engines market. Moreover, rising technological advancements and modernization in the production techniques, rising research and development activities and rising demand from the emerging economies will further create new opportunities for electric outboard engines market in the forecast period mentioned above.
However, rising prohibitive prices of modern outboard engines is the major factor among others restraining the market growth, and will further challenge the electric outboard engines market in the forecast period mentioned above.
This electric outboard engines market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric outboard engines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Outboard Engines Market Scope and Market Size
The electric outboard engines market is segmented on the basis of engine type, fuel type, power, ignition type, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of engine type, electric outboard engines market is segmented into 2-stroke, 4-stroke and electric.
- Based on fuel type, the electric outboard engines market is segmented into diesel, gasoline and electric.
- Based on power, the electric outboard engines market is segmented into low, mid and high.
- Based on ignition type, the electric outboard engines market is segmented into electric and manual.
- The electric outboard engines market is also segmented on the basis of application into commercial, recreational and military.
Electric Outboard Engines Market Scope Country Level Analysis
The electric outboard engines market is analysed and market size, volume information is provided by country, engine type, fuel type, power, ignition type, and application as referenced above.
The countries covered in the electric outboard engines market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the electric outboard engines market due to rising number of boats, increasing disposable incomes, increasing customer interests, growing demand for outboard engines in all applicable segments, and multiple factors, such as growing leisure and recreational activities in this region.
The country section of the electric outboard engines market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Outboard Engines Market Share Analysis
The electric outboard engines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric outboard engines market.
The major players covered in electric outboard engines market report are Torqeedo GmbH, Johnson Outdoors Inc, aquawatt, CSM Technologies, Elco Motor Yachts, Kräutler Elektromaschinen, Ray Electric Outboards, Inc., Aquamot GmbH, Parsun Power machine, ePropulsion, Pasand Steel, Shree Ganesh Enterprises, Woodpecker Machines India Private Limited., P. K. Himatsingka & Company and Raads Marine among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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