Global Outboard Motors Market

Global Outboard Motors Market Overview 

• The Global Outboard Motors Market Size is Anticipated to Grow from USD 5.89 Billion in 2023 to USD 8.45 Billion by 2033, Growing at a CAGR of 3.68% from 2023 to 2033.
• The market growth is rising due to technological advancement and environmental consciousness. Electrification in the marine industry, which includes the integration of high-power electric motors along with the growing adoption of strategic partnerships for meeting the market growth requirements. 
• The outboard motors market refers to the industry including the manufacture, sale, and distribution of outboard engines, which are independent propulsion units mounted on a boat’s transom. The market is further bolstered by the increasing demand for small boats and expanding recreational boating opportunities.

Major vendors in the global outboard motors market are  

DEUTZ Aktiengesellschaft, Honda Motor Co. Ltd, Brunswick Corporation, Tohatsu Corporation, LEHR LLC, Suzuki Motor Corporation, Yamaha Motor Co. Ltd, Hidea Power Machinery Co. Ltd, Parsun Power Machine Co. Ltd, Selva SpA, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the outboard motors market based on the below-mentioned segments:

Global Outboard Motors Market, By Thrust

• Portable
• Mid-Range
• High Power

Global Outboard Motors Market, By Application Type

• Commercial
• Recreational

Global Outboard Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa