Globally, outboard engines market is depicting immense traction majorly due to the rise in disposable income among people which has led to increase in recreational and leisure boating activities. Surging demand for boating activities has steered innovations in the industry thereby leading to the usage of these motors in new leisure boats and watercrafts due to their compact design and ease in handling.

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.

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Outboard engines market applications are classified into recreational, military and commercial. With the rise in cross border tensions and political instabilities in many countries, there is a need for a robust military industry across the globe. The market is witnessing increasing adoption of these motors in inflatable boats. Moreover, the requirement for boats for the U.S. coast guards is influencing the market dynamics.

Outboard engines market share 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.

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.

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.

Europe accounted for more than 20% of the total outboard engines market 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.

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.

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Partial Chapter of the Table of Content

Chapter 6   Outboard Engines Market, By Power

6.1    Global outboard engines market insights, by power

6.2    Low

6.2.1    Global market estimates and forecasts, 2017 - 2027

6.2.2    Market estimates and forecast, by region, 2017 - 2027

6.3    Mid

6.3.1    Global market estimates and forecasts, 2017 - 2027

6.3.2    Market estimates and forecast, by region, 2017 – 2027

6.4    High

6.4.1    Global market estimates and forecasts, 2017 - 2027

6.4.2    Market estimates and forecast, by region, 2017 - 2027

Chapter 7   Outboard Engines Market, By Ignition Type

7.1    Global market insights, by ignition type

7.2    Electric

7.2.1    Global market estimates and forecasts, 2017 - 2027

7.2.2    Market estimates and forecast, by region, 2017 - 2027

7.3    Manual

7.3.1    Global market estimates and forecasts, 2017 - 2027

7.3.2    Market estimates and forecast, by region, 2017 – 2027

Chapter 8   Outboard Engines Market, By Application

8.1    Global market insights, by application

8.2    Commercial

8.2.1    Global market estimates and forecasts, 2017 - 2027

8.2.2    Market estimates and forecast, by region, 2017 - 2027

8.3    Recreational

8.3.1    Global market estimates and forecasts, 2017 - 2027

8.3.2    Market estimates and forecast, by region, 2017 – 2027

8.4    Military

8.4.1    Global market estimates and forecasts, 2017 - 2027

8.4.2    Outboard Engines Market estimates and forecast, by region, 2017 - 2027

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