Global Marine Outboard Engines Market Expected To Grow At 4.5% CAGR During 2018-2022

Date: 2018-03-01

A marine outboard engine is a propulsion system for boats, consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. They are the most common motorized method of propelling small watercraft. 

The increasing sales of boats are the major factors prompting the marine outboard engine market, almost all powerboats are equipped with engines, the demand for outboard engines is more than inboard engines, moreover, owe to regulations, people prefer to adopt turbocharger in diesel marine engines, according to research, the market marine outboard engine is expected to grow at 4.5% CAGR during 2018-2022.

In terms of application, the marine outboard engines can be segmented into Large Outboards, Portable, Electric-powered, Pump-jet, Propane, according to research, the growing demand for 27-100 HP power output marine outboard engines are expected to help fueling the market for the forecast period.

Base on end users, pontoon boats is expected to grow at highest CAGR for the forecast period due to increase in popularity of pontoon boats in European regions and America regions. 

Geography, the North America is holding the position of world largest market in term of demand in the year of 2017 as increasing demand for personal watercraft, aluminum fishing boats, pontoon boats in the US; Asia Pacific is expected to grow at the highest CAGR during forecast period supported by increasing number of participants in water-related recreational activities in Asia.

Global top manufacturers operating in Marine Outboard Engines market are Caterpillar, Cummins, Volvo Penta, Mercury Marine, Suzuki, Yamaha, MAN Diesel & Turbo, Honda among others.

Global Marine Outboard Engines market share by geography as following:

Read Full Report: http://www.gosreports.com/global-marine-outboard-engines-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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