Outboard Boat Market to reach USD 8.28 Bn by 2029 at a CAGR of 6 percent Returns on Investment, Growth Hubs and Regional Analysis

December 14 20:05 2022
Outboard Boat Market to reach USD 8.28 Bn by 2029 at a CAGR of 6 percent Returns on Investment, Growth Hubs and Regional Analysis
Outboard Boat Market
Outboard Boat Market was valued at US$ 5.2 Bn. in 2021. Global Outboard Boat Market size is expected to grow at a CAGR of 6 % through the forecast period.

Pune, 14, Dec2022: Maximize Market Research is a leading automotive and transportation research firm that has delivered a detailed analysis of the “Outboard Boat Market”. The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 5.2 Billion in 2021 to USD 8.28 Billion by 2029 at a CAGR of 6 percent over the forecast period from 2022 to 2029. 

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Outboard Boat Market Scope and Research Methodology

The report provides insights into the Outboard Boat Market with information on current and future trends. It draws inferences from the data collected to present a report that is easy to understand with the help of data visualization. To understand the prevailing opportunities in the market, the growth rate of the market with estimations is provided in the report along with pricing and demand analysis. For a better grasp of the competitive landscape, an analysis of major companies along with new entrants is conducted by services offered, revenue generated, financial status, portfolio, new product launches and adoption of technological advancement.

The Outboard Boat Market was dominated by the North American region. To understand this scenario, the research conducts a regional analysis of the market equipped with information on their natural endowments, fierce marketing strategies, mergers and acquisitions, joint ventures and technological advancements adopted by them. The report strives to serve as a guide to investors for grabbing new investment pockets in the market, for new entrants to perceive the market better for developing their business stance for entering the market along with market share domination, market penetration, demand and pricing analysis and for market followers to better understand the Outboard Boat Market.

For an in-depth analysis of the services being offered, a segment-wise analysis of the Outboard Boat Market is conducted by Type, Application, End-User and Region. Data is collected using both primary and secondary research methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.

SWOT, PESTLE and Porter’s Five Force analysis are conducted to understand the threats, strengths, weaknesses and lucrative opportunities prevailing in the market. The report thus provides a comprehensive analysis of the Outboard Boat Market along with recommendations on investment and pricing strategies.

Outboard Boat Market Overview

Boat motors are divided into inboard and outboard motors and are commonly used in the marine industry. An outboard motor is a propulsion system that is one of the most commonly used for propelling boats. Giving its name, the motor is installed outside of the transom giving more space to the interior of the boat. Other benefits provided by the motor include a higher horsepower-to-weight ratio, relatively low maintenance and ease of installation.

Outboard Boat Market Dynamics

Technological advancements are driving the growth of the Outboard Boat Market. Manufacturers are adding newer products and strengthening existing ones with the help of research and development. The ability to re-engine or add power to their boats is one among them along with improvements in the engine performance. The trend of water taxis is also witnessing growth driven by the promotion of tourism activities. This is expected to encourage the growth of the Outboard Boat Market.

Another factor influencing the growth of the Outboard Boat Market is the rising popularity of marine activities. People are investing more time in recreational and leisurely activities such as boating and yachting along with other water sports activities. The rise in such activities is expected to drive the growth of the Outboard Boat Market over the forecast period.

Outboard Boat Market Regional Insights

The North American region dominated the Outboard Boat Market in 2021 accounting for USD 3 billion. The growth in the regional Outboard Boat Market was attributed to the rapid growth in the fishing market. Its growth generated the need for more boats with a better performance given the rise in competition. Another factor contributing to regional growth is the rise of boating activities in the region with people indulging in leisurely activities. These factors resulted in the regional growth of the Outboard Boat Market over the forecast period.

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Outboard Boat Market Segmentation

By Type: 

  • Recreational boats
  • Rigid inflatable boats
  • Utility boats

By Application: 

  • Tourism
  • Water sports
  • Commercial use
  • Leisure activity

By End-User: 

  • Fishing
  • Water taxi
  • Transportation
  • Hospitality business

Outboard Boat Market Key Competitors include: 

  • Bombardier Products Inc
  • Brunswick Corporation
  • Campion marine Inc.
  • Cantieri Capilli S.R.L
  • Groupe Beneteau
  • Mahindra & Mahindra
  • Polaris Inc
  • Poseidon Boats
  • Ribcraft Ltd
  • Scout Boats
  • Seaark LLC.
  • Stingray Boats
  • White River Marine Group
  • Zodiac Milpro Inc
  • Ferretti Group
  • Tracker Boats
  • Bravia Yachtbau
  • Hoble Boats
  • Ranger Boats

Key questions answered in the Outboard Boat Market are: 

  • What is Outboard Boat? 
  • What are the major challenges faced by the Outboard Boat Market? 
  • Which are the industries diving the Outboard Boat Market? 
  • What is the current growth rate of the Outboard Boat Market?  
  • What is the growth rate of Outboard Boat Market for the next five years? 
  • Who are the key players in the Outboard Boat Market?
  • Who are the market leaders in Outboard Boat in Europe?
  • Who are the market leaders in Outboard Boat in USA and Canada?
  • Who are the market leaders in Outboard Boat in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Outboard Boat Market? 
  • Who held the largest market share in Outboard Boat Market? 
  • What is the nature of competition in Outboard Boat industry in developed and developing economies? 
  • What are the factors for the growth of Asia-Pacific region in Outboard Boat Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Application, End-User and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:

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Water Transport MarketThe Water Transport Market size is expected to reach USD 809.20 billion by 2029 at a CAGR of 6 percent during the forecast period. The Water Transport Market is expected to be driven by demand for affordable cargo transportation, adoption of sensor technology and investment in water transportation infrastructure. 

Sailboat MarketThe Sailboat Market size is expected to reach USD 7.11 billion by 2029 at a CAGR of 2.85 percent during the forecast period. The Sailboat Market is expected to be driven by research and development and increase in online trade exhibitions. 

About Maximize Market Research:

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