Spike in Recreational Activities to drive the Outboard Engines Market
The outboard engine, better known as the outboard motor, comes across as a fuel-powered ICE (Internal Combustion Engine) that finds its applications majorly in marine propulsion for every type of commercial and light recreation boat. The other applications include military combats, sports, recreation activities, rescue operations, and likewise. Persistence Market Research has walked through these findings with probable calls to action in its latest market study entitled “Outboard Engines Market”.
How is the Outboard Engines market divided?
The global outboard engines market, by power type, spans less than 30 HP, 30 HP to 100 HP, and Above 100 HP. By technology type, it’s two-stroke carbureted, two strokes electronic fuel injection, two strokes direct injection system, four-stroke carburets, and four-strokes electronic fuel injection. By start type, it’s manual and electric. By type of boat, it’s fishing vessels, recreational vessels, and special-purpose boats. Persistence Market Research has enlisted these facts with subsequent steps to be taken in its latest market study entitled “Outboard Engines Market”.
Region-wise Analysis
North America holds the largest market share, followed by Europe. This could be attributed to the growing demand for motored boats, especially for recreational activities. The Asia-Pacific is expected to grow at the highest rate in the outboard engines market in the upcoming period with the transformation from small to medium watercraft. Persistence Market Research has, through its line of expertise in the form of analysts and consultants, mentioned these facts with insights in its latest market study entitled “Outboard Engines Market”.
Competitive Analysis
Persistence Market Research has entailed the key participants in the outboard engines market as DEUTZ Aktiengesellschaft, Honda Motor Co., Ltd., Brunswick Corporation, Suzuki Motor Corporation, BRP Inc., Tohatsu Corporation, Yamaha Motor Co., Ltd., LEHR, LLC, Krautler Elektromaschinen GmbH, Volvo Penta, Yongkang Longxiao Industry, and Parsun Power Machine Co., Ltd.
Persistence Market Research has also mentioned the latest developments on this count. For instance – Suzuki Marine, in February 2020, did launch the novel DF300B outboard engine for 300 HP 4-stroke rendering fuel efficiency, reliability, and being lightweight. There is also a dual injector system – for cooling purposes and power. Mercury Marine, in February 2019, tabled the outboard engine of 400 HP 4-stroke as an extended part of its product portfolio. The applications include bay boats, pontoons, center consoles, and bigger sport boats. The same Mercury Marine, in January 2019, put forth a propane four-stroke outboard engine offering no-hassle portability along with reliability for the aluminum boats, sailboats, or inflatables.
