Outboard boat market is anticipated to grow at a CAGR of 6.0% during the forecast period (2023–2030). The growth of the market is attributed to the growing demand for technological advancements across the globe. In order to achieve faster speeds, manufacturers started manufacturing Xtreme Thrust Output. Customers seeking higher efficiency can be intrigued by XTO’s enhanced power-to-weight ratio, a revised cowling design, or sophisticated new graphics. For instance, in January 2023, Yamaha launched the Xtreme Thrust Output (XTO) 450-hp V8 and the XTO 400-hp V8 to provide customers with more acceleration and higher speeds. The new XTOs have an improved power-to-weight ratio, a redesigned cowling design, sophisticated new graphics, and increased customer functions, offering an alternative for more boats.
Get Free Sample link @ https://www.omrglobal.com/request-sample/outboard-boat-market
The global outboard boat market is segmented by type, application, and thrust. Based on the type, the market is sub-segmented into electric boats, LP gas boats, and diesel boats. Based on the application, the market is sub-segmented into commercial, and recreational. Further, on the basis of thrust, the market is sub-segmented into portable, mid-range, and high power. Among the types, the electric boat sub-segment is anticipated to hold a considerable share of the market owing to the rising development of electric outboard motors, that increases the focus on electric boats. Electric outboard motors are increasingly viable and competitive with conventional gasoline engines owing to advancements in battery technology and electric motor efficiency. The range and utility of electric boats have increased as a result of better battery capacity and faster charging times. Additionally, to cater such rising demand, the market players are also focusing on launching new electric outboard boats. For instance, in January 2023, Mercury introduced the Avator 7.5e, its latest electric outboard motor for small boats.
full report of Outboard Boat Market available @ https://www.omrglobal.com/industry-reports/outboard-boat-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Outboard Boat Market Report Segment
By Type
- Electric boat
- LP Gas Boat
- Diesel Boat
By Application
- Commercial
- Recreational
By Thrust
- Portable
- Mid-range
- High Power
Global Outboard Boat Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global outboard boat market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/outboard-boat-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
