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Outboard Engine Market and Trend

Date : 2022-06-17 Reading : 377

Outboard engine is a kind of removable power unit suspended on the transom of boats and boats, which can push boats and boats to sail, and is suitable for boats under 24 meters used in inland rivers, lakes and offshore areas. Outboard is divided into small horsepower outboard and medium and large horsepower outboard, the global market towards the direction of being able to drive leisure yachts, luxury yachts, etc., the trend of large horsepower is more significant.

The global outboard engine market size was USD 9.0 billion in 2017, growing to USD 9.2 billion in 2022, with a CAGR of 0.4% from 2017 to 2022. With the growth of the global economy, the increase of personal income and the change of personal consumption habits, the growth trend of the global outboard market is stable. The global outboard engine market size is expected to grow to USD 12.9 billion in 2027, with a CAGR of 7.0% from 2022 to 2027.

 

Figure 2017-2027 Global Outboard Engine Market Size (Billion USD) and CAGR
The major markets for global outboard engines in 2021 are North America and Europe, with market shares of 60.9% and 19.5% respectively, Asia Pacific with 11.9%, South America with 6.9%, and MEA with 0.8%.
Outboards are mainly used in recreational areas such as recreational fishing, recreational sailing, and recreational water sports, with a market share of 73.5%, making them the largest downstream application area for outboards. The market shares of commercial field and military field are 19.0% and 7.5% respectively.

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Outboard Engine Market and Trend 

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