Latest News- Marine Outboard Engines Market: Low-power is expected to lead the Power Rating segment during 2025-2029

The Marine Outboard Engines Market is being driven by Rising sales of boats

The Marine Outboard Engines Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3638.1 million. The marine outboard engine market is experiencing significant growth due to the increasing popularity of recreational boating and advancements in engine technology. The global dominance of marine outboard engines over inboard engines is a result of their portability, lightweight design, and versatility. Small fishing boats and pontoon boats, which make up a significant portion of the recreational boating market, primarily utilize marine outboard engines. Furthermore, the growing participation in boat shows and the increasing sales of these types of boats are driving demand for these engines. Marine outboard engines come in various sizes, from small, lightweight models to powerful V8 engines, catering to the diverse needs of the boating industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Power Rating
  • Low-power
  • Mid-power
  • High-power
• Type
  • 2-stroke
  • 4-stroke
• Product Type
  • Recreational vessels
  • Fishing vessels
  • Special purpose boats
• Variant
  • Electric
  • Manual
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising sales of boats
• Growing adoption of automotive technologies in marine outboard engines
• Increased participation in water-related recreational activities

However, the market also witnesses some limitations, which are as follows:

• Economic factors affecting sales of boats
• Growing focus on emission-compliant marine outboard engines
• Lack of harmonization of law for marine industry

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Market Scope in Marine Outboard Engines Market Research Report

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Research Analysis Overview

The Marine Outboard Engines Market encompasses designs that prioritize power-to-weight ratio, fuel efficiency, and durability for marine propulsion systems. Saltwater corrosion resistance is crucial, along with component reliability and maintenance procedures. Repair techniques, diagnostic codes, and performance optimization are essential for operational lifespan. Emission control, fuel delivery systems, engine block material, and cylinder configuration are key factors. Lightweight construction, high-performance engines, and fuel tank integration are desirable features. Remote control systems, electric start systems, power steering, digital throttle control, shaft drive systems, jet drive systems, and hydrodynamic design are additional considerations.

Market Research Overview

In the Marine Outboard Engines Market, Technavio identifies fuel injection systems, four-stroke engines, two-stroke engines, and direct injection technology as key segments. This market is a subset of the larger Global Construction Machinery and Heavy Transportation Equipment Market. This market encompasses various product categories, such as heavy-duty trucks, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, and related machinery. The expansion of the Global Construction Machinery and Heavy Transportation Equipment Market will be fueled by factors including the rapid urbanization leading to increased investments in construction projects, resulting in a growing demand for residential properties, including single-family homes and multi-family dwellings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/