The Marine Outboard Engines Global Market Report 2023, provides comprehensive information on the marine outboard engines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Marine Outboard Engines Global Market Report 2023, the market size is expected to grow from $4.23 billion in 2022 to $4.41 billion in 2023 at a compound annual growth rate (CAGR) of 4.19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine outboard engines market size is expected to reach $4.96 billion in 2027 at a CAGR of 2.98%.
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Product innovation is a key trend gaining popularity in the marine outboard engine market. Major companies operating in marine outboard engines are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Yamaha Motor Co.Ltd., a Japan-based manufacturing company, launches its new marine outboard engines, the XTO 450hp V8 and the XTO 400hp V8, which will offer users increased acceleration and faster speeds. This outboard engine comes with a new cowl design, refined new graphics, and new features, including full tilt capability with an integrated tilt limiter and integrated digital electric steering (DES). In addition, durability is ensured for easy maintenance and charging, and a silent muffler has been added to improve quietness at high speeds.
The marine outboard engines market is segmented:
1) By Engine Type: Two Stroke Carbureted, Two Stroke Electronic Fuel Injection, Two Stroke Direct Injection System, Four Stroke Carburetted, Four Stroke Electronic Fuel Injection
2) By Boat Type: Fishing Vessel, Recreational Vessel, Special Purpose Boats
3) By Power: Less Than 30 HP, 30 HP To 100 HP, Above 100 HP
4) By Ignition Type: Electric, Manual
5) By Application: Military, Civilian
North America was the largest region in the marine outboard engines market in 2022.
The table of contents in TBRC’s marine outboard engines market report includes:
1. Executive Summary
2. Marine Outboard Engines Market Characteristics
3. Marine Outboard Engines Market Trends And Strategies
4. Marine Outboard Engines Market – Macro Economic Scenario
5. Marine Outboard Engines Market Size And Growth
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26. Africa Marine Outboard Engines Market
27. Marine Outboard Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Outboard Engines Market
29. Marine Outboard Engines Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Brunswick Corporation
- Deutz AG
- Honda Motor Co.Ltd
- Suzuki Motor Corporation
- Bombardier Recreational Products Inc
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