Inboard Engines Market Size - By Product Type, By Power, By Application, By Ignition, By Engine & Forecast, 2024

Description

Inboard Engines Market size is projected to depict a 6.4% CAGR from 2024 to 2032, led by the increasing demand for recreational boating and water sports. Rapid advancements in engine technology for improved efficiency and performance, and the rising disposable incomes are fueling luxury boat purchases. The growing tourism sector and the expansion of marine infrastructure are also spurring the product demand.

The influx of environmental regulations is pushing for cleaner, more efficient engines, driving innovations and adoption of advanced inboard engines. For instance, in December 2023, MAN Engines expanded its workboat engine portfolio with the MAN D3872 series. This newly developed V12 engine, featuring a 30 L displacement-a first for the company-is designed for medium- and heavy-duty applications. Several government initiatives are also promoting marine tourism and water transport. The rising demand for high-performance and durable engines in commercial and military applications is also positively influencing industry development.

The overall market is segregated into product type, power, ignition, engine, application, and region.

Based on product type, the inboard engines industry from the electric segment is estimated to expand at a notable rate from 2024 to 2032, due to the rising demand for eco-friendly and sustainable marine propulsion solutions, along with advancements in battery technology. The growing awareness of reducing carbon footprints and government incentives for electric boats are spurring the product demand. Technological innovations are also enhancing the performance and efficiency of these electrically operated engines.

Concerning application, the inboard engines market from the commercial boats segment will gain traction between 2024 and 2032. This is led by the increasing demand for reliable and high-performance engines for transportation, fishing, and cargo operations. Significant advancements in engine technology are increasing fuel efficiency and durability. The expanding maritime trade, government investments in marine infrastructure, and the growing need for robust engines to support heavy-duty commercial activities are boosting the segment expansion.

Regionally, the Europe inboard engines market is anticipated to grow at a robust CAGR between 2024 and 2032, on account of the increasing demand for recreational boating and water sports. The stringent environmental regulations are promoting the adoption of cleaner engine technologies in the region. The rising disposable incomes, expanding marine tourism, and government initiatives are supporting maritime activities. The development of hybrid and electric inboard engines for catering to the escalating requirements will also drive the regional product demand.

Product Code: 5446

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
- 1.4.1 Primary research and validation
- 1.4.2 Primary sources
- 1.4.3 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Key news & initiatives
3.3 Regulatory landscape
3.4 Impact forces
- 3.4.1 Growth drivers
  - 3.4.1.1 Increasing recreational boating activities
  - 3.4.1.2 Rising production and sales of yachts
  - 3.4.1.3 Growing tourism sector
- 3.4.2 Industry pitfalls & challenges
  - 3.4.2.1 Environmental concerns & increasing regulatory pressure.
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Million Units)

5.1 Key trends
5.2 Diesel
5.3 Electric
5.4 Gasoline
5.5 Others

Chapter 6 Market Estimates & Forecast, By Power, 2021-2032 (USD Billion) (Million Units)

6.1 Key trends
6.2 Low
6.3 Medium
6.4 High

Chapter 7 Market Estimates & Forecast, By Ignition, 2021-2032 (USD Billion) (Million Units)

7.1 Key trends
7.2 Electric
7.3 Manual

Chapter 8 Market Estimates & Forecast, By Engine, 2021-2032 (USD Billion) (Million Units)

8.1 Key trends
8.2 IC engine
- 8.2.1 Two-stroke
- 8.2.2 Four-stroke
8.3 Electric engine

Chapter 9 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Million Units)

9.1 Key trends
9.2 Recreational boats
9.3 Commercial boats

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Indonesia
- 10.4.6 Malaysia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Mercury Marine
11.2 Volvo Penta
11.3 Cummins Inc.
11.4 Yamaha Motor Co., Ltd.
11.5 Indmar Marine Engines
11.6 Ilmor Engineering, Inc.
11.7 Crusader Engines
11.8 PCM (Pleasurecraft Marine Engine Co.
11.9 Yanmar Co., Ltd.
11.10 Suzuki Motor Corporation
11.11 MAN Energy Solutions
11.12 MTU Friedrichshafen GmbH
11.13 Caterpillar Inc.
11.14 Nanni Industries
11.15 Scania AB

Inboard Engines Market Size - By Product Type, By Power, By Application, By Ignition, By Engine & Forecast, 2024 - 2032