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Electric outboards Motors Trends and Forecast
The future of the global electric outboards motors market looks promising with opportunities in the municipal and commercial markets. The global electric outboards motors market is expected to reach an estimated $0.35 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growth of marine protection projects and water sports, increasing environmental concerns, and government incentives for eco-friendly technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric outboards Motors by Segment
The study includes a forecast for the global electric outboards motors by type, power output, end use industry, and region.
Electric outboards Motors Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Propulsion Motor
• Trolling Motor
Electric outboards Motors Market by Power Output [Shipment Analysis by Value from 2018 to 2030]:
• Under 25 Hp
• 25hp-50 hp
• More Than 50 hp
Electric outboards Motors Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Municipal
• Commercial
Electric outboards Motors Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric outboards Motors Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric outboards motors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric outboards motors companies profiled in this report include-
• Minn Kota
• Torqeedo
• Motorguide
• CSM Tech
• Aquawatt
• Haibo
• Propulsion Technology
• Suzhou Parsun Power Machine
• Elco Motor Yachts
• Krautler Elektromaschinen
Electric outboards Motors Market Insights
Lucintel forecasts that propulsion motor is expected to witness higher growth over the forecast period due to power boats and are used for variety of applications, such as cruising, fishing, and towing.
Within this market, commercial will remain the larger segment due to increasing adoption of electric outboard motors by commercial fishing and tourism operators.
North America is expected to witness highest growth over the forecast period due to the early adoption of technologies in the region.
Features of the Global Electric outboards Motors Market
Market Size Estimates: Electric outboards motors market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric outboards motors market size by type, power output, end use industry, and region in terms of value ($B).
Regional Analysis: Electric outboards motors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, power output, end use industry, and regions for the electric outboards motors market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric outboards motors market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electric outboards motors market size?
Answer: The global electric outboards motors market is expected to reach an estimated $0.35 billion by 2030.
Q.2 What is the growth forecast for electric outboards motors market?
Answer: The global electric outboards motors market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the electric outboards motors market?
Answer: The major drivers for this market are growth of marine protection projects and water sports, increasing environmental concerns and government incentives for eco-friendly technologies.
Q4. What are the major segments for electric outboards motors market?
Answer: The future of the electric outboards motors market looks promising with opportunities in the municipal and commercial markets.
Q5. Who are the key electric outboards motors market companies?
Answer: Some of the key electric outboards motors companies are as follows:
• Minn Kota
• Torqeedo
• Motorguide
• CSM Tech
• Aquawatt
• Haibo
• Propulsion Technology
• Suzhou Parsun Power Machine
• Elco Motor Yachts
• Krautler Elektromaschinen
Q6. Which electric outboards motors market segment will be the largest in future?
Answer: Lucintel forecasts that propulsion motor is expected to witness higher growth over the forecast period due to power boats and are used for variety of applications, such as cruising, fishing, and towing.
Q7. In electric outboards motors market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to the early adoption of technologies in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric outboards motors market by type (propulsion motor and trolling motor), power output (under 25 hp, 25hp-50 hp, and more than 50 hp), end use industry (municipal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric outboards Motors Market, Electric outboards Motors Market Size, Electric outboards Motors Market Growth, Electric outboards Motors Market Analysis, Electric outboards Motors Market Report, Electric outboards Motors Market Share, Electric outboards Motors Market Trends, Electric outboards Motors Market Forecast, Electric outboards Motors Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Outboards Motors Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Outboards Motors Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Outboards Motors Market by Type
3.3.1: Propulsion Motor
3.3.2: Trolling Motor
3.4: Global Electric Outboards Motors Market by Power Output
3.4.1: Under 25 hp
3.4.2: 25hp-50 hp
3.4.3: More than 50 hp
3.5: Global Electric Outboards Motors Market by End Use Industry
3.5.1: Municipal
3.5.2: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Outboards Motors Market by Region
4.2: North American Electric Outboards Motors Market
4.2.2: North American Electric Outboards Motors Market by End Use: Municipal and Commercial
4.3: European Electric Outboards Motors Market
4.3.1: European Electric Outboards Motors Market by Type: Propulsion Motor and Trolling Motor
4.3.2: European Electric Outboards Motors Market by End Use: Municipal and Commercial
4.4: APAC Electric Outboards Motors Market
4.4.1: APAC Electric Outboards Motors Market by Type: Propulsion Motor and Trolling Motor
4.4.2: APAC Electric Outboards Motors Market by End Use: Municipal and Commercial
4.5: ROW Electric Outboards Motors Market
4.5.1: ROW Electric Outboards Motors Market by Type: Propulsion Motor and Trolling Motor
4.5.2: ROW Electric Outboards Motors Market by End Use: Municipal and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Outboards Motors Market by Type
6.1.2: Growth Opportunities for the Global Electric Outboards Motors Market by Power Output
6.1.3: Growth Opportunities for the Global Electric Outboards Motors Market by End Use Industry
6.1.4: Growth Opportunities for the Global Electric Outboards Motors Market by Region
6.2: Emerging Trends in the Global Electric Outboards Motors Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Outboards Motors Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Outboards Motors Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Minn Kota
7.2: Torqeedo
7.3: MotorGuide
7.4: CSM Tech
7.5: AquaWatt
7.6: Haibo
7.7: Propulsion Technology
7.8: Suzhou Parsun Power Machine
7.9: Elco Motor Yachts
7.10: Krautler Elektromaschinen
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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