The global outboard electric motors market is anticipated to grow at a CAGR of 5.1% during the forecast period. Growing interest toward recreational water sports activities and rising water-based tourism are the major drivers for recreational boating market growth which has boosted the demand for outboard electric motors for boats. Various types of recreational boats are used for recreational boating, including runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers. Continuous technological advancement in boats & boat motors are some of the factors expected to offer lucrative opportunities for market growth during the forecast period.
Few Recent Developments in the Market-
- In February 2023, Honda shows off the electric outboard motor for boats using its motorbike batteries at the Dusseldorf Boat Show. Honda’s combustion engine outboard motors are common in the recreational boats industry globally. However, a new Honda electric outboard shown can reduce carbon footprint significantly.
- In January 2023, Mercury introduced a new 100% electric outboard boat motor with easy-swap batteries.
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Market Coverage
- The market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Power
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Brunswick Corp., Mercury Marine, Yamaha Motor, Aquawatt, and others.
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
A full Report of Outboard Electric Motors Market is Available @ https://www.omrglobal.com/industry-reports/outboard-electric-motors-market
Outboard Electric Motors Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aquamot GmbH
- Aquawatt Green Marine Technologies
- Brunswick Corp
- Elco Motor Yachts
- Electric Propulsion Systems B.V.
- ePropulsion Technology Ltd.
- Evoy AS
- Golden Motor Technology Co Ltd.
- Johnson Outdoors Inc. (MINN KOTA)
- Kräutler Elektromaschinen GmbH
- Pure Watercraft, Inc
- Ray Electric Outboards, Inc.
- RNW Energy Systems Corp.
- Stealth Electric Outboards.
- Suzhou Parsun Power Machine Co., Ltd.
- Torqeedo GmbH
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