Boat Motors Market size is estimated to be USD 4.3 Billion in 2024 and is expected to reach USD 6.5 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
In 2022, the global boat motors market was valued at approximately USD 13.5 billion and is projected to reach USD 20.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 onwards. The market encompasses various types of boat motors, including outboard, inboard, and electric motors, each contributing to the overall market dynamics. The increasing popularity of recreational boating and advancements in motor technologies are key factors driving this growth. Regionally, North America held a significant share of the boat motors market in 2022, with the outboard engines segment alone surpassing USD 6.03 billion and expected to expand at a CAGR of 5.49% during the forecast period. Asia Pacific is anticipated to be the fastest growing region, driven by rising disposable incomes and a growing interest in marine recreational activities. Europe also represents a substantial portion of the market, with increasing demand for electric outboard motors due to environmental regulations and a shift towards sustainable boating solutions. The global electric outboard motors market is expected to grow at a CAGR of approximately 8.58% from 2023 to 2029, reflecting this trend. citeturn0search8
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Torqeedo
Minn Kota
MotorGuide
AquaWatt
CSM Tech
Elco Motor Yachts
Krautler Elektromaschinen
Ray Electric Outboards
Aquamot
Suzhou Parsun Power Machine
ePropulsion Technology
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 Boat Motors Market
Outboard Motors
Inboard Motors
Sterndrive Motors
Electric Motors
Gasoline Motors
Hybrid Motors
Less than 10 HP
10 to 50 HP
51 to 100 HP
101 to 250 HP
Above 250 HP
Recreational Boats
Commercial Fishing Boats
Utilities and Workboats
Yachts and Motorboats
Sports and Racing Boats
Two-Stroke Engines
Four-Stroke Engines
Electric Motors
Diesel Engines
Individual/Household Users
Commercial Operators
Boat Manufacturers
Government and Military
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 Boat Motors 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 Boat Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Boat Motors Market, By Type
6. Global Boat Motors Market, By Application
7. Global Boat Motors Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Boat Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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