The expansion in the number of people opting for leisure boating activities will enhance the market share for outboard engines through the next few years. There is a significant surge in the household incomes of consumers across developing nations like India, China, and Australia. Increasing government efforts to enhance tourism and support towards recreational activities has resulted in the development of several boating infrastructure.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4386

On account of this, numerous outboard engine manufacturers like Cox Powertrain are working on increasing their production capacities by incorporating additive manufacturing into their components. This enables them to render cost-effective products to customers with minimum waste and easy complex part production. These companies are also coming up with lightweight and compact outboard engines to mitigate the instances of energy consumption.

As per reports, the global outboard engines market size will reach an annual value of more than USD 13 billion by 2027.

Growing preference for manually ignited outboard engines

The demand for manual ignition outboard engines is anticipated to strike a considerable growth rate over the coming years. This can be owed to their minimal costs and extensive penetration in low-powered boats. The influx of technological progressions like the twist-grip throttle is found to offer easy maneuverability and simplified development of the motors to help them start efficiently in all weather conditions.

Following this shift, various industry players are coming up with new product developments. For instance, Yamaha, in January 2019, launched the new T25, a manual outboard engine. This novelty will cater to the increasing consumer demands for lightweight, as well as electronic fuel injected performances in small and high-thrust configurations.

Higher demand in military applications

The market share of outboard engines from the military applications is pegged to register a 4.5% CAGR through 2027 owing to their higher preference in rigid-inflatable boats (RIB) for rescue operations and patrolling. The engines witness a higher presence in defense organizations to enhance the military amphibious reconnaissance systems. Furthermore, diesel outboard engines are widely adopted in military applications as they offer enhanced safety features in comparison to their petrol counterparts.

Europe to lead the regional landscape

Europe accounted for more than 20% of the total outboard engines industry share in 2020 and will garner significant revenues due to the expanding tourism sector. There are also a significant number of boat manufacturers in the region. The rise in the instances of show activities has paved the way for the launch of new outboard systems for these events. For instance, Suzuki Marine unveiled the DF325A motors in January 2018 during the Düsseldorf International Boat Show.

Competitive strategies and R&D investments

Providers of outboard engine parts are keen on R&D investments to deploy some of the latest technologies to meet the rising consumer requirements. To quote an instance, Tohatsu Corporation concluded the construction of its facility for carrying out the R&D of its outboard motors and portable fire pumps in Tokyo, Japan in September 2018.

These firms are also focusing on partnerships with boat manufacturers to sustain competition. For instance, Cox Powertrain collaborated with Metal Shark Boats, a commercial maritime boat making company, in November 2018 to reinforce its presence in commercial and military applications.

Request for Customization@ https://www.gminsights.com/roc/4386

The ongoing COVID-19 pandemic drew an adverse impact on the production of boats worldwide considering the regulation of stringent government norms pertaining to lockdowns and social distancing. It has been estimated that the average halt duration for outboard engines manufacturing plant is around 20-30 operational days, which adds a negative impetus to the sales of outboard engines. Moreover, the changing prices of the raw materials resulting from the trade dispute between the U.S. and China are also attracting threats to engine manufacturers.

Table of Contents of the Report (TOC):

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific (APAC)

1.2.4    Latin America (LATAM)

1.2.5    Middle East & Africa (MEA)

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Global outboard engines industry 360° synopsis, 2018 - 2030

2.1.1    Business trends

2.1.2    Engine type trends

2.1.3    Fuel type trends

2.1.4    Power trends

2.1.5    Ignition type trends

2.1.6    Application trends

2.1.7    Regional trends

Chapter 3   Global Outboard Engines Industry Insights

3.1    Industry segmentation

3.2    COVID-19 impact on outboard engines industry

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Profit margin trends

3.3.4    Distribution channel analysis

3.3.5    End-users

3.3.6    Vendor matrix

3.4    Pricing analysis (including COVID-19 impact)

3.4.1    Regional price trends

3.4.2    Cost structure analysis, 2019

3.5    Technology landscape

3.5.1    Burn Control

3.5.2    Boosted Low Speed Torque (BLAST)

3.6    Regulatory landscape

3.6.1    North America

3.6.2    Europe

3.6.3    Asia Pacific

3.6.4    Latin America

3.6.5    MEA

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Increasing recreational boating activities

3.7.1.2    Rising production and sales of yachts

3.7.1.3    Improved economy and the rising government funding for infrastructure development

3.7.1.4    Growing tourism sector along with the strengthening distribution network

3.7.1.5    Increasing disposable income along with surging import & export activities

3.7.2    Industry pitfalls & challenges

3.7.2.1    Prohibitive prices of modern outboard engines

3.8    Innovation & sustainability

3.8.1    3D Printing

3.8.2    V8 425 XTO offshore engine

3.9    Growth potential analysis, 2021

3.10    Porter’s analysis

3.11    Competitive landscape

3.11.1    Top player’s analysis, 2021

3.11.2    Strategy dashboard

3.12    PESTLE analysis

Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/outboard-engines-market