Selbyville, Delaware, Oct. 11, 2019 (GLOBE NEWSWIRE) —
The outboard engine market growth will be driven by rising recreational and leisure boating activities along with growing boat club activities. Boat manufacturers are deploying these motors in new watercrafts and leisure boats owing to compact designs and easier handling offered by these motors. Additionally, it enables boat manufacturers to provide wide interior space to customers along with improved engine acceleration characteristics.
Development of high-powered engine technologies that enable usage of outboard motors in large boats along with rising demand for larger cruise boats will provide lucrative opportunity for outboard engine market expansion. Industry participants are strategically realigning their motor production facilities along with frequently launching new products owing to higher demand of high-powered motors, majorly from North America and Europe.
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Electric ignition type engines will showcase the fastest growth in the outboard engine market attributed to rising adoption of electric ignitions in small watercrafts and fishing boats. Electric ignitions are widely used in commercial boats. It offers benefits of hassle-free and easy ignition of motor in all-weather conditions, thereby increasingly adopted by boat manufacturers in small watercrafts.
Electric fuel type engines will showcase a significant growth rate of around 8.5% owing to developments in electric motors along with rising awareness about emission impact on marine environment. Low powered electric motors are emerging as a potential substitute for small gasoline motors.
2-stroke engines segment will hold a volumetric share of more than 40% in the overall outboard engine market by 2025, owing to wide usage of these motors in small fishing boats and watercrafts. Several advantages offered by these motors including lightweight, higher output, and simpler structure as compared to 4-stroke motors with same output are main factors driving the product share.
High powered engines will generate more than USD 9.5 billion for the outboard engine market by 2025 owing to rising demand for large yachts and high-performance boats across the globe. Industry players are developing high powered motors along with engaged in expanding existing engine component production facilities with investments in new machinery.
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Military applications are growing in the industry owing to increasing deployment of these motors in rescue boats. The rising deployment of these motors in inflatable boats along with growing adoption of boats by the U.S. Coast Guards will proliferate the industry expansion.
North America outboard engine market will showcase significant growth owing to increasing spending on recreation and leisure boating activities. Healthy economic development along with rising government support to improve boating infrastructure are expected to escalate the product demand. Strong presence of boat manufacturers along with motors distributors will further support the growth.
The industry participants in the outboard engine market includes Honda Motor Co. Ltd., Yamaha Motor Co., Ltd., Mercury Maritime, Torqeedo GmbH, Cox Powertrain, LEHR LLC, Volvo Penta, Suzuki Marine, Evinrude, and Mudd Hog Mud Motors. Product launch along with mergers and acquisitions are key strategies adopted by industry players to enhance their share.
Browse key industry insights spread across 497 pages with 814 market data tables & 16 figures & charts from the report, “Outboard Engine Market Size By Engine Type (2-Stroke, 4-Stroke, Electric), Fuel Type (Diesel, Gasoline, Electric), Power (Low, Mid, High), Ignition Type (Electric, Manual), Applications (Commercial, Recreational, Military), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 3. Outboard Engine Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis
3.4.1. Regional pricing
184.108.40.206. North America
220.127.116.11. Asia Pacific
18.104.22.168. Latin America
22.214.171.124. Middle East & Africa
3.4.2. Cost structure analysis
3.5. Technology landscape
3.5.1. Fuel technology
3.5.2. Engine technology
3.6. Regulatory landscape
3.6.1. North America
3.6.3. Asia Pacific
3.6.4. Latin America
3.6.5. Middle East & Africa
3.7. Industry impact forces
3.7.1. Growth drivers
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. Latin America
220.127.116.11. Middle East & Africa
3.7.2. Industry pitfalls & challenges
3.8. Innovation and sustainability
3.9. Growth potential analysis, 2018
3.10. Porter’s analysis
3.11. Competitive landscape, 2018
3.11.1. Company market share analysis, 2018
3.11.2. Top players analysis, 2018
3.11.3. Key stakeholders
3.11.4. Strategy dashboard
3.12. PESTLE analysis
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