The global outboard electric motors market is anticipated to grow at a CAGR of 5.1% during the forecast period. This Outboard Electric Motors Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under each industry sector. Future development visions and a wide range of subjects are covered in this Outboard Electric Motors Market study report. All this crucial data greatly assists key players to establish their presence in the competitive market. It verifies and revalidates the knowledge provided in this global Market report. It also allows several organizations to learn more about a range of opportunities already available in the market and makes aware to firms about upcoming opportunities too. It ensures several firms to attain a long-standing business success by capturing all of the latest updates about market growth. Most important participants are able to employ such report as a great resource to attain a competitive advantage over the cut-throat market.
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The global outboard electric motors market is segmented based on the motor type, power, and application. Based on the motor type, the market is bifurcated into propulsion motors, and trolling motors. Based on the power, the market is segmented into below 25kW, 25 to 50kW, and 50 to 150kW. Based on the application, the market is further sub-segmented into military, commercial, and recreational. Among these, the below 25kW sub-segment is expected to hold a considerable share in the market due to growing customer inclination toward highly efficient and low-cost outboard electric motors. Moreover, factors such as portability, efficient torque delivery, and compact size further fuel the below 25kW sub-segment during the forecast period.
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- 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 Electric Motors Market Report Segment
By Motor Type
- Propulsion Motors
- Trolling Motors
By Power
- Below 25kW
- 25 to 50kW
- 50 to 150kW
By Application
- Military
- Commercial
- Recreational
Global Outboard Electric Motors Market Report by Region
North America
- US
- 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
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