United States Petrol Outboard Motor Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The US Petrol Outboard Motor Market is witnessing significant growth driven by the increasing demand from various industries. As more industries are looking for reliable, cost-effective, and environmentally friendly outboard motor options, the market has expanded. These motors, powered by petrol, continue to be popular due to their power, reliability, and performance, especially for recreational, commercial, and industrial use.
One of the key drivers of the US Petrol Outboard Motor Market is the booming recreational boating industry. In the past few years, the number of recreational boaters has increased substantially, which has directly impacted the demand for outboard motors. With people looking for smooth and powerful boating experiences, petrol-powered outboard motors are a preferred choice. Their ability to deliver consistent power and support long-range boating is essential for industries such as tourism and fishing.
Industries like commercial fishing, recreational boating, and transportation also significantly rely on petrol outboard motors for operations. The fishing industry, in particular, uses these motors for both small and large boats, ensuring efficiency while operating in remote waters. As the demand for seafood continues to rise, these motors become indispensable for transporting goods and navigating open waters, highlighting their importance in industries that depend on water transportation.
On the other hand, industries focusing on eco-tourism and marine research are beginning to seek more sustainable solutions. As a result, there is a growing need for innovations in petrol outboard motors to meet both performance and environmental standards. Manufacturers are responding by designing motors that offer lower emissions and better fuel efficiency, which satisfies the increasing regulatory requirements and customer preferences.
As the US Petrol Outboard Motor Market evolves, consumers and industries are demanding more advanced features, such as quieter operation and improved fuel consumption. The demand for lightweight, durable, and powerful motors continues to rise, and petrol outboard motors are poised to remain a strong contender in various industry applications, from recreation to commercial activities.
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Torqeedo
Suzuki
Yamaha
Tohatsu
Honda
Mercury Marine
Evinrude
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Petrol Outboard Motor Market
Two-Stroke Outboard Motors
Four-Stroke Outboard Motors
Electric Outboard Motors
Less than 5 HP
5 HP to 10 HP
11 HP to 50 HP
51 HP to 100 HP
Above 100 HP
Recreational
Commercial
Industrial
Fishing
Petrol
Diesel
Individual Consumers
Fleet Operators
OEMs (Original Equipment Manufacturers)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Petrol Outboard Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Petrol Outboard Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Petrol Outboard Motor Market, By Type
6. US Petrol Outboard Motor Market, By Application
7. US Petrol Outboard Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Petrol Outboard Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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