Key points covered in the marine outboard engines market study:
- Market estimates and forecast 2020-2025
- Key drivers, trends, and challenges impacting market growth
- Segment-wise, region-wise, and country-wide analysis
- Analysis of market share by vendors
- Key product launches and regulatory climate
- Post-COVID-19 impact on the market landscape.
The 120-page report segments the marine outboard engines market by engine power (low-power, mid-power, and high-power) and geography (North America, Europe, APAC, South America, and MEA).
Marine Outboard Engines Market Engine Power Outlook (Growth, Thousand units, 2020-2025)
- Low-power
- Mid-power
- High-power
The market observed high demand for low-powered marine outboard engines in 2021. The market growth in the segment will be significant during the forecast period.
Marine Outboard Engines Market Geography Outlook (Growth, Thousand units, 2020-2025)
- North America
- Europe
- APAC
- South America
- MEA
North America will account for 33% of the global market share during the forecast period. . The US and Canada are the key markets for marine outboard engines in North America. Market growth in this region will be faster than the growth of the market in regions such as Europe, South America, and MEA.
The market is driven by the rising sales of boats. Factors such as strong economic growth, improving job market, and decreasing fuel prices have strongly influenced the growth of the global boating industry. For instance, the powerboats market witnessed the sale of approximately 280,000 units of powerboats in 2019. Besides, OMEs in the market are focusing on introducing boats that are more versatile and affordable to attract new and young boaters. These factors are increasing the sales of boats, thereby driving the growth of the market focus.
Major Vendors in Marine Outboard Engines Market:
AB Volvo: The company offers two types of marine outboard engines such as Volvo Penta Marine Leisure and Volvo Penta marine commercial.
Bombardier Recreational Products Inc.: The company offers three types of marine outboard engines for Alumacraft boats, Manitou pontoons boats, and Telwater boats.
Brunswick Corp.: The company offers different types of marine outboard engines such as Mercury, Mercury Diesel, Mercury MerCruiser, and Mercury Racing.
DEUTZ AG: The company offers different types of marine outboard engines under the model name of D 2.2 L3, D 2.2 L4, G 2.2 L3, TD 2.2 L3, and others.
Honda Motor Co. Ltd.: The company offers different types of marine outboard engines under the series name BF Series such as BF250, BF225, BF150, and others.
Recent product launches/mergers and acquisitions:
- In April 2021, AB Volvo announced a partnership with Daimler Truck AG for the launch of a new joint venture, cellcentric, to produce hydrogen-based fuel cells.
- In June 2021, Brunswick Corp. announced a partnership with Navico for marine technology and strengthened the global parts and accessories business.
- In October 2020, Mahindra and Mahindra launched a new Treo Zor Electric three-wheeler cargo.
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Marine Outboard Engines Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 8.42% |
Market growth 2021-2025 |
495.67 thousand units |
Market structure |
Fragmented |
YoY growth (%) |
7.61 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 33% |
Key consumer countries |
US, Australia, France, Italy, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Volvo, Bombardier Recreational Products Inc., Brunswick Corp., DEUTZ AG, Honda Motor Co. Ltd., Mahindra and Mahindra Ltd., Suzuki Motor Corp., Tohatsu Corp., West Marine, and Yamaha Motor Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Engine Power
- Market segments
- Comparison by Engine Power
- Low-power - Market size and forecast 2020-2025
- Mid-power - Market size and forecast 2020-2025
- High-power - Market size and forecast 2020-2025
- Market opportunity by Engine Power
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AB Volvo
- Bombardier Recreational Products Inc.
- Brunswick Corp.
- DEUTZ AG
- Honda Motor Co. Ltd.
- Mahindra and Mahindra Ltd.
- Suzuki Motor Corp.
- Tohatsu Corp.
- West Marine
- Yamaha Motor Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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