Outboard Motor Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 5.7 Billion by 2033.
In 2022, the global outboard motor market was valued at approximately $5.77 billion, with a projected compound annual growth rate (CAGR) of 5.79% from 2022 to 2028. North America held the largest market share, accounting for around 35% in 2023, driven by a robust boating culture and substantial investments in marine infrastructure. Europe followed as the second largest market, with countries like Italy, France, and the United Kingdom leading due to a well established boating industry and a shift towards environmentally sustainable technologies. The Asia Pacific region emerged as a significant market, with countries like China, Japan, and Australia contributing to growth through increasing disposable incomes and a growing interest in recreational boating.Opportunities in the outboard motor market are expanding, particularly in the Asia Pacific region, which is expected to grow from $1.65 billion in 2023 to $2.51 billion by 2033. This growth is attributed to rising disposable incomes, urbanization, and increasing investments in marine infrastructure. Additionally, the shift towards electric and hybrid outboard motors, driven by environmental regulations and consumer preference for sustainable options, presents significant opportunities for innovation and market expansion globally.
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Mercury Marine
Yamaha
Suzuki
Honda
Torqeedo
Elco Motor Yachts
Suzhou Parsun Power Machine
Ray Electric Outboards
Aquamot
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. 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 Global Outboard Motor Market
Two-Stroke Outboard Motors
Four-Stroke Outboard Motors
Electric Outboard Motors
Hybrid Outboard Motors
Less than 15 HP
15 HP to 30 HP
30 HP to 75 HP
75 HP to 150 HP
More than 150 HP
Recreational Boating
Commercial Fishing
Tourism & Entertainment
Military Applications
Research & Survey Vessels
Gasoline
Diesel
Electricity
Alternative Fuels (e.g., biofuels, propane)
Individual Consumers
Commercial Enterprises
Government and Military
Research Organizations
Tour Operators
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 Global 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. Global Outboard Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Outboard Motor Market, By Type
6. Global Outboard Motor Market, By Application
7. Global Outboard Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Outboard Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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