Global Gas Powered Outboard Motor Market Research Report 2022

An outboard motor is a propulsion system for boats, consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. They are the most common motorised method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
Market Analysis and Insights: Global Gas Powered Outboard Motor Market
Due to the COVID-19 pandemic, the global Gas Powered Outboard Motor market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Below 10 HP accounting for % of the Gas Powered Outboard Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Fishing Boats segment is altered to an % CAGR throughout this forecast period.
Mercury Marine and Yamaha are the top 2 companies in United States gas powered outboard motor market and account for about 80% of total market share. In terms of power, above 200 HP segment account for about 30% of the United States share. In terms of application, 40% of the gas powered outboard motor are for leisure boats.
Global Gas Powered Outboard Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Gas Powered Outboard Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Power and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Power
Below 10 HP
10.1-30 HP
30.1-100 HP
100.1-200 HP
Above 200 HP
Segment by Application
Fishing Boats
Transportation Boats
Leisure Boats
Others
By Company
Mercury Marine
Yamaha
Suzuki
Honda
Evinrude Outboard Motors
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia