Electric Outbords Motors Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Outbords Motors Trends and Forecast

The future of the global electric outbords motors market looks promising with opportunities in the municipal and commercial markets. The global electric outbords motors market is expected to reach an estimated $0.35 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growth of marine protection projects and water sports, increasing environmental concerns, and government incentives for eco-friendly technologies.

A more than 150-page report is developed to help in your business decisions.

Electric Outbords Motors by Segment

The study includes a forecast for the global electric outbords motors by type, power output, end use industry, and region.

Electric Outbords Motors Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Propulsion Motor
• Trolling Motor

Electric Outbords Motors Market by Power Output [Shipment Analysis by Value from 2018 to 2030]:

• Under 25 Hp
• 25hp-50 hp
• More Than 50 hp

Electric Outbords Motors Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Municipal
• Commercial

Electric Outbords Motors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Outbords Motors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric outbords motors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric outbords motors companies profiled in this report include-

• Minn Kota
• Torqeedo
• Motorguide
• CSM Tech
• Aquawatt
• Haibo
• Propulsion Technology
• Suzhou Parsun Power Machine
• Elco Motor Yachts
• Krautler Elektromaschinen

Electric Outbords Motors Market Insights

Lucintel forecasts that propulsion motor is expected to witness higher growth over the forecast period due to power boats and are used for variety of applications, such as cruising, fishing, and towing.

Within this market, commercial will remain the larger segment due to increasing adoption of electric outboard motors by commercial fishing and tourism operators.

North America is expected to witness highest growth over the forecast period due to the early adoption of technologies in the region.

Features of the Global Electric Outbords Motors Market

Market Size Estimates: Electric outbords motors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric outbords motors market size by type, power output, end use industry, and region in terms of value ($B).

Regional Analysis: Electric outbords motors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, power output, end use industry, and regions for the electric outbords motors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric outbords motors market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the electric outbords motors market size?

Answer: The global electric outbords motors market is expected to reach an estimated $0.35 billion by 2030.

Q.2 What is the growth forecast for electric outbords motors market?

Answer: The global electric outbords motors market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the electric outbords motors market?

Answer: The major drivers for this market are growth of marine protection projects and water sports, increasing environmental concerns and government incentives for eco-friendly technologies.

Q4. What are the major segments for electric outbords motors market?

Answer: The future of the electric outbords motors market looks promising with opportunities in the municipal and commercial markets.

Q5. Who are the key electric outbords motors market companies?

Answer: Some of the key electric outbords motors companies are as follows:

• Minn Kota
• Torqeedo
• Motorguide
• CSM Tech
• Aquawatt
• Haibo
• Propulsion Technology
• Suzhou Parsun Power Machine
• Elco Motor Yachts
• Krautler Elektromaschinen

Q6. Which electric outbords motors market segment will be the largest in future?

Answer: Lucintel forecasts that propulsion motor is expected to witness higher growth over the forecast period due to power boats and are used for variety of applications, such as cruising, fishing, and towing.

Q7. In electric outbords motors market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to the early adoption of technologies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric outbords motors market by type (propulsion motor and trolling motor), power output (under 25 hp, 25hp-50 hp, and more than 50 hp), end use industry (municipal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?