Marine Outboard Engines Market Will Record an Upsurge in Revenue during 2020-2025

Stratview Research delivers key insights on the Global Marine Outboard Engines Market. According to Stratview Research, the market is segmented by Engine Power Type (<75 kW, 75-110 kW, 110-150 kW, and >150 kW), by Boat Type (Fishing, Leisure, Sailing/Transport, and Others), and by Region.

Market Insights

The report suggests that the overall Marine Outboard Engines Market was estimated at US$ 5.11 Billion in 2019 and is expected to grow at a CAGR of 5.8% during the forecast period to reach US$ 5.58 Billion in 2025.

Market Segments' Analysis

Engine Power Trends

Stratview has firstly segmented the market based on the engine power type as < 75 kW, 75-110 kW, 110-150 kW, and >150 kW. <75kW engine power segment held a significant market share in 2019 & is likely to remain dominant in terms of unit shipments by 2025.

Boat Trends

Our analysis based on the market segment of the boat type suggests that the fishing segment dominated the market with a significant share in 2019

Key Players Regional Insights

The North American market is also estimated to register huge losses due to the pandemic. Despite the severely hit region, the region is projected to remain the largest market for marine outboard engines during the forecast period. 

The following are some of the key players in the marine outboard engines market:

• Suzuki Motor Corporation
• Honda Motor Co. Inc.
• Bombardier Recreational Products Inc.
• Tohatsu Corporation
• AB Volvo

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

• What is the global demand for marine outboard engines market in terms of revenue?
• Which are the prominent players in the market?
• At what CAGR is the market projected to grow within the forecast period?
• What are the driving factors fuelling the growth of the market?
• Which region accounted for the largest share in the market?
• How did the Covid19 impacted the market?
• How long will it take to recover from the Covid impact?

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