The global outboard electric motors market is anticipated to grow at a CAGR of 5.1% during the forecast period. Growing interest toward recreational water sports activities and rising water-based tourism are the major drivers for recreational boating market growth which has boosted the demand for outboard electric motors for boats. Various types of recreational boats are used for recreational boating, including runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers. Continuous technological advancement in boats & boat motors are some of the factors expected to offer lucrative opportunities for market growth during the forecast period.
Browse the full report description of “Outboard Electric Motors Market Size, Share & Trends Analysis Report by Motor Type (Propulsion Motors, and Trolling Motors), by Power (Below 25kW, 25 to 50kW, and 50 to 150kW), and by Application (Military, Commercial, and Recreational), Forecast Period (2023-2029)” at https://www.omrglobal.com/industry-reports/outboard-electric-motors-market
Few Recent Developments in the Market-
• In February 2023, Honda shows off the electric outboard motor for boats using its motorbike batteries at the Dusseldorf Boat Show. Honda’s combustion engine outboard motors are common in the recreational boats industry globally. However, a new Honda electric outboard shown can reduce carbon footprint significantly.
• In January 2023, Mercury introduced a new 100% electric outboard boat motor with easy-swap batteries.
Market Coverage
• The market number available for – 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered-
o By Type
o By Power
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Brunswick Corp., Mercury Marine, Yamaha Motor, Aquawatt, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Outboard Electric Motors Market Report Segment
By Motor Type
By Power
By Application
Global Outboard Electric Motors Market Report by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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