#MarineOutboardEnginesMarket

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Marine Outboard Engines Market Opportunities, Growth and Forecasting for next Upcoming Year Until 2027

Stratview Research delivers key insights on the global Marine Outboard Engines Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.

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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.

Key Players

The following are some of the key players in the Marine Outboard Engines Market:

• Yamaha Motor Co. Ltd.

• Brunswick Corporation (Mercury Marine)

• Suzuki Motor Corporation

• Honda Motor Co. Inc.

• Bombardier Recreational Products Inc.

• Tohatsu Corporation

• AB Volvo

• Suzhou Parsun Power Machine Co., Ltd.

• Hidea Power Machinery Co., Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Marine Outboard Engines Market

value and growth drivers over the trend period of 2022-27. According to the report -

Outboard engines are the brightest stars of the marine industry as they represent the lion’s share of the marine engines market for the global recreational boating industry. In the USA itself, which is the biggest market for recreational boats, outboard engines account for more than 85% share of the total marine engines sold in the country. The history of marine outboard engines can be seen back in the early ’90s and have come along a long path of more than 100 years.

Segment Analysis:

Based on by Engine Power Type:

Stratview has firstly segmented the marine outboard engines market based on the engine power type as <75kW, 75-110 kW, 110-150 kW, and >150 kW. <75kW engine power segment is likely to remain dominant in terms of unit shipments by 2025. However, the segment is likely to losing away its share to the mid-range and high-power segments, majorly in the USA and some key Western European countries. Japan, China, Russia, and Germany are some key countries with the highest penetration of low-power engines.

Based on Regional:

The North American market is also estimated to register huge losses due to the pandemic. Despite severely hit region, the region is projected to remain the largest market for marine outboard engines during the forecast period. The USA is the world’s largest market for both outboard engines as well as recreational boats, with Florida being the largest single market. All the major players have a strong presence in the region to tap the huge market.

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FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

What is the global demand for Marine Outboard Engines Market in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fuelling the growth of the market?

Which region accounted for the largest share in the market?

How did the Covid19 impacted the market?

How long will it take to recover from the Covid impact?

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