The electric outboard engine market is expected to grow from USD 117.2 million in 2020 to USD 178.50 million by 2028, at a CAGR of 5.4% during the forecast period 2021-2028.
The electric outboard engine is a battery-driven propulsion system for boats that give the ability to refine boat angle on a drift. Electric outboard engine reduces unwanted disturbance and noise on the water. Earlier, the outboard engines used to function on fuels. Electric outboard engines tend to provide extraordinary speed and thrust. Electric outboard engine is a real substitute for petrol engines. In Electric outboard engines, AC motors or brushless motors are majorly used in water skiing activities. The electric outboard engine requires low maintenance cost and provides clean & sustainable operation. Electric outboard engine is considered an essential aspect when it comes to selling, buying, and maintaining a boat.
The market for the electric outboard engine is driven by commercial, military, and recreational sectors. Changing rules & regulations about the increase in marine fuel emission has driven electric outboard engines. With the rise in recreational boating activities due to the importance of a family fun time, people's preference for boating and a robust economy has driven the market for electric outboard engine. With improvement in coastal infrastructure, there is significant growth in marine tourism that has spiked the market for electric outboard engines. Electric outboard engines are known to be low maintenance, fast speed, and robust motor. Electric outboard engine promotes clean and sustainable operation. These factors are driving the global market of the electric outboard engine. Factor like complex technology and the high-cost product is limiting the growth of electric outboard engine.
This study delivers a comprehensive analysis ofpower, application, control and, region. The power segment includes below 25kW, 25 to 50kW, and 50 to 150kW. Below 25kW is leading the power segment because of high efficiency. It is a low-cost motor ideal for short-haul operations, highly used in recreation activities and customer is inclined towards it. Below 25kW power has efficient torque delivery, compact size, portable, and operates quietly. They are primarily used in recreational boating and fishing.The application segment includes military, commercial and recreational. Recreational is leading the application segment due to the rise in marine tourism and boating activities by tourists. Recreation activities have attracted people for coastal and marine tourism. The increase in government initiatives to encourage marine tourism has propelled recreation activities. The control segment involves remote and tiller. Tiller is leading the control segment because of low maintenance and easy handling. Tiller is a control method used in small slats, skiff, and Jon boats. Tiller steering is primarily available in outboard engines and acts as it handles the ship and directs it.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is leading in the regional segment due to growth in watercraft sports activities and a rise in disposable income. An increase in research and development related to the electric outboard engine has enhanced the technical aspects.
Some of the notable players in the electric outboard engine market are Elco Motors Yachts, Torqeedo GmbH, MINN KOTA, Combi outboards, Golden Motor, E-Tech, Evoy, Pure Watercraft, ePropilsion, PARSUN POWER, and Stealth Electric Outboards.
Electric Outboard Engine Market Analysis and Forecast, Power
Electric Outboard Engine Market Analysis and Forecast, Application
Electric Outboard Engine Market Analysis and Forecast, Control
Electric Outboard Engine Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Power
4.3.3. Market Attractiveness Analysis By Control
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increase in recreational boating activities
5.2.2. Government promotes use of Electric Outboard Engine
5.2.3. Rise coastal & marine tourism
5.3. Restraints
5.3.1. High product cost
5.3.2. Complexity in technology
5.4. Opportunities
5.4.1. Growth in income, fishing & tourism in Asia-Pacific
6. Global Electric Outboard Engine Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Commercial
6.3. Recreational
6.4. Military
7. Global Electric Outboard Engine Market Analysis and Forecast, By Power
7.1. Segment Overview
7.2. Below 25 kW
7.3. 25 to 50 kW
7.4. 50 to 150 kW
8. Global Electric Outboard Engine Market Analysis and Forecast, By Control
8.1. Segment Overview
8.2. Tiller
8.3. Remote
9. Global Electric Outboard Engine Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Electric Outboard Engine Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Electric Outboard Engine Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Application Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Elco Motor Yachts
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Torqeedo GmbH
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. MINN KOTA
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Combi Outboards
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Golden Motor
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. E-Tech
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Evoy
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Pure Watercraft
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. ePropilsion
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. PARSUN POWER
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Stealth Electric Outboard
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
2. Global Below 25 kW, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
3. Global 25 to 50 kW, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
4. Global 50 to 150 kW, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
5. Global Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
6. Global Commercial, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
7. Global Recreational, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
8. Global Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
9. Global Tiller, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
10. GlobalRemote, Electric Outboard Engine Market, By Region, 2018-2028 (USD Billion)
11. North America Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
12. North America Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
13. North AmericaElectric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
14. U.S. Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
15. U.S. Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
16. U.S. Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
17. Canada Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
18. CanadaElectric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
19. Canada Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
20. Mexico Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
21. Mexico Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
22. Mexico Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
23. Europe Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
24. Europe Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
25. Europe Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
26. Germany Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
27. Germany Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
28. Germany Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
29. France Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
30. France Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
31. France Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
32. U.K. Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
33. U.K. Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
34. U.K. Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
35. Italy Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
36. Italy Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
37. Italy Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
38. Spain Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
39. Spain Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
40. Spain Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
41. Asia Pacific Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
42. Asia Pacific Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
43. Asia Pacific Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
44. Japan Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
45. Japan Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
46. Japan Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
47. China Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
48. China Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
49. China Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
50. India Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
51. India Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
52. India Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
53. South America Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
54. South America Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
55. South America Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
56. Brazil Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
57. Brazil Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
58. Brazil Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
59. Middle East and Africa Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
60. Middle East and Africa Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
61. Middle East Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
62. UAE Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
63. UAE Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
64. UAE Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
65. South Africa Electric Outboard Engine Market, By Control, 2018-2028 (USD Billion)
66. South Africa Electric Outboard Engine Market, By Application, 2018-2028 (USD Billion)
67. South Africa Electric Outboard Engine Market, By Power, 2018-2028 (USD Billion)
List of Figures
1. Global Electric Outboard Engine Market Segmentation
2. Global Electric Outboard Engine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Electric Outboard Engine Market Attractiveness Analysis By Control
9. Global Electric Outboard Engine Market Attractiveness Analysis By Application
10. Global Electric Outboard Engine Market Attractiveness Analysis By Power
11. Global Electric Outboard Engine Market Attractiveness Analysis By Region
12. Global Electric Outboard Engine Market: Dynamics
13. Global Electric Outboard Engine Market Share by Control(2021 & 2028)
14. Global Electric Outboard Engine Market Share by Application (2021 & 2028)
15. Global Electric Outboard Engine Market Share by Power(2021 & 2028)
16. Global Electric Outboard Engine Market Share by Regions (2021 & 2028)
17. Global Electric Outboard Engine Market Share by Company (2020)
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