The Outboard Engines Global Market Report 2023, provides comprehensive information on the 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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The global outboard engine market size is expected to grow from $9.05 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 outboard engine market size is expected to reach $11.81 billion in 2027 at a CAGR of 5.4%.

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Product innovation is the key trend gaining popularity in the outboard engine market. Major companies operating in the outboard engine market are focusing on developing outboard engines with better fuel efficiency and fewer emissions. For instance, in February 2021, Mercury Marine, a US-based marine engine manufacturer, operating in the outboard engines market, launched a 7.6-liter V12 600- Verado outboard engine. The Verado outboard engine has a steerable gearcase that pivots freely up to 45 degrees, rather than 30 degrees and boosts a boat's agility by having contra-rotating propellers. Verado outboard engine has a two-speed automatic transmission.

The outboard engines market is segmented:

1) By Type: Fuel-Oil Outboard, Electric Outboard

2) By Engine Type: 2-Stroke, 4-Stroke, Electric

3) By Application: Personal Boat, Commercial Boat, Government Enforcement Boat, Other Applications

North America was the largest region in the outboard engines market in 2022.

The table of contents in TBRC’s outboard engines market report includes:

Executive Summary
Outboard Engines Market Characteristics
Outboard Engines Market Trends And Strategies
Outboard Engines Market - Macro Economic Scenario
Outboard Engines Market Size And Growth
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Africa Outboard Engines Market
Outboard Engines Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Outboard Engines Market
Outboard Engines Market Future Outlook and Potential Analysis
Appendix
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