Outboard Engines Market Share

Segmentation Analysis:

Insights by Engine Type

The 4-stroke engine type segment expected to surpass USD 10.93 billion by 2033. A greater range of 4-stroke engine alternatives are now available for various boat types and sizes as a result of manufacturers' investments in the development of 4-stroke engines to satisfy market demand for cleaner and more efficient power sources. A greater range of 4-stroke engine alternatives are now available for various boat types and sizes as a result of manufacturers' investments in the development of 4-stroke engines to satisfy market demand for cleaner and more efficient power sources. Performance, dependability, and durability have all improved as a result of advances in 4-stroke engine technology. These elements have helped 4-stroke engines gain popularity, particularly in the higher-power market segments.

Insights by Power

The mid power segment is predicted to grow by 4.95% between 2024 to 2033. Due to their ability to deliver adequate speed and performance without being unduly huge or expensive, mid-power outboard motors are preferred by many boaters. A wide range of boaters who value a decent balance between power and affordability are catered to by these engines. Boat owners that desire a decent balance of power for performance while also being useful for daily use are drawn to the mid-power range. It is appropriate for a variety of boat styles, including family-friendly bowriders and fishing center consoles. More individuals are becoming interested in boating as a leisure activity, which is causing the recreational boating market to expand. A market for outboard engines with mid-power has been created as a result of this development in demand for boats in the mid-size range.

Insights by Fuel

Diesel outboard engine segment projected to achieve over 6.05% growth rate in 2033. Commercial uses like fishing boats, coastal patrol, search and rescue, and other workboats have seen growth in the use of diesel outboard engines. Diesel engines' dependability and fuel economy are advantageous for these applications. Diesel engines are appealing to customers who seek dependability and durability since they frequently have longer lifespans and require less maintenance than gasoline engines. The growth potential of the diesel outboard segment has been influenced by developments in marine diesel technology, including enhancements in emissions management, noise reduction, and overall performance. Consumer education regarding the advantages and suitable uses of diesel outboard engines is essential for the development of this market. Raising awareness is crucial since many boaters might not be familiar with diesel engines used as outboards.

Insights by Application

The recreational segment accounted the largest market and is estimated to surpass USD 14.38 billion by 2033. The popularity and expansion of the outboard engines market for recreational use are mostly due to the numerous individuals and families who take pleasure in recreational boating, fishing, watersports, and leisure activities on the water. Boating has ingrained itself into the culture of many nations, particularly those with a long maritime history. A consistent demand for boats and outboard motors results from the fact that families and individuals frequently spend weekends and holidays on the water. Outboard engine technology advancements have improved the reliability, usability, and efficiency of boats. Both experienced and novice boaters are drawn to the recreational boating sector by these advancements. Boating and other watersports have seen rising popularity as people's desire for outdoor and water-based activities has expanded.

Competitive Landscape:

Major players in the market

• Cox Marine
• Elco Motor Yachts
• Golden Motor Technology Co., Ltd.
• BRP
• Honda Motor Co., Ltd
• RAI Amsterdam
• Mercury Marine
• Mud motors by Mudd Hog Mud Motors, LLC
• Powertec Supplies (I) Pvt. Ltd
• Suzuki Marine
• Tohatsu Corporation
• Yongkang Longxiao Industry
• Torqeedo GmbH
• AB Volvo
• Yamaha Motor Co., Ltd
• YANMAR HOLDINGS CO., LTD
• Deutz AG
• Brunswick Corporation
• Kräutler Elektromaschinen
• Parsun Power machine