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Outboard Electric Motors Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Outboard Electric Motors Market
1. Introduction
The outboard electric motors market is expected to grow significantly in the next few years. The market is driven by the increasing demand for electric propulsion in the recreational boating industry. The outboard electric motors are used in a variety of applications, including trolling, personal watercrafts, canoes, and kayaks.

The outboard electric motors are available in a variety of power levels and configurations. The market is segmented on the basis of power output, application, and geography. The market by power output is further divided into below 10kW, 10-50kW, and above 50kW. The below 10kW power output segment is expected to grow at the highest CAGR during the forecast period.

The market by application is further classified into trolling motors, personal watercrafts, canoes, and kayaks. The trolling motors segment is expected to grow at the highest CAGR during the forecast period. The outboard electric motors market is expected to grow significantly in the next few years.

The outboard electric motors are available in a variety of power levels and configurations. The market is segmented on the basis of power output, application, and geography. The market by power output is further divided into below 10kW, 10-50kW, and above 50kW. The below 10kW power output segment is expected to grow at the highest CAGR during the forecast period.

The market by application is further classified into trolling motors, personal watercrafts, canoes, and kayaks. The trolling motors segment is expected to grow at the highest CAGR during the forecast period. The outboard electric motors market is expected to grow significantly in the next few years.

The outboard electric motors are used in a variety of applications, including trolling, personal watercrafts, canoes, and kayaks.

The outboard electric motors are available in a variety of power levels and configurations. The market is segmented on the basis of power output, application, and geography. The market by power output is further divided into below 10kW, 10-50kW, and above 50kW. The below 10kW

2. Market Overview
The outboard electric motors market is expected to grow at a CAGR of around 9% during the forecast period 2020-2025.

Outboard electric motors are a type of propulsion system for boats. They are powered by electric batteries and are environmentally friendly as they do not produce any emissions. Outboard electric motors are easy to operate and maintain, and are becoming increasingly popular among boaters.

The outboard electric motors market is being driven by the growing demand for electric vehicles and the need for cleaner and more efficient propulsion systems. The market is also being supported by the development of new technologies, such as lithium-ion batteries, which are more powerful and efficient than traditional lead-acid batteries.

However, the high cost of outboard electric motors and the lack of charging infrastructure are some of the major challenges faced by the market.

The outboard electric motors market is segmented by propulsion type, power type, application, and region.

By propulsion type, the market is divided into direct drive and gear drive. The gear drive segment is expected to grow at the highest CAGR during the forecast period. Gear drive outboard electric motors are more efficient than direct drive motors and offer better performance.

By power type, the market is classified into battery and fuel cell. The battery segment is expected to grow at the highest CAGR during the forecast period. Batteries are more efficient and offer longer run times than fuel cells.

By application, the market is categorized into leisure, commercial, and military. The leisure segment is expected to grow at the highest CAGR during the forecast period. Outboard electric motors are becoming increasingly popular among leisure boaters due to their environmental friendliness and easy operation.

The outboard electric motors market is expected to be driven by the growing demand for electric vehicles and the need for cleaner and more efficient propulsion systems. The market is also being supported by the development of new technologies, such as lithium-ion batteries, which are more powerful and efficient than traditional lead-acid batteries.

However, the high cost of outboard electric motors and the lack of charging infrastructure are some of the major challenges faced by the market.

3. Market Drivers
The outboard electric motors market is driven by three main factors: the rising cost of fuel, the growing popularity of electric vehicles, and the increasing demand for environmentally-friendly products.

The rising cost of fuel is one of the main drivers of the outboard electric motors market. With the price of oil and gas constantly on the rise, consumers are looking for alternative methods of powering their boats. Electric motors are a much more economical option, as they require no fuel and produce no emissions.

The growing popularity of electric vehicles is another major driver of the outboard electric motors market. As consumers become more aware of the environmental impact of traditional gasoline-powered vehicles, they are increasingly choosing electric vehicles over their gas-guzzling counterparts. Electric vehicles are not only more environmentally-friendly, but they are also more efficient and cost-effective to operate.

The increasing demand for environmentally-friendly products is also driving the outboard electric motors market. Consumers are becoming more conscious of the impact their purchases have on the environment, and they are increasingly choosing products that are more sustainable. Electric motors are a more sustainable option than traditional gasoline-powered engines, as they produce no emissions and require no fuel.

4. Market Restraints
Outboard electric motors are a type of electric motor that is specifically designed for use in marine environments. Unlike other types of electric motors, outboard electric motors are designed to be waterproof and resistant to corrosion from saltwater.

There are a number of different factors that can restrain the outboard electric motors market. Some of the key restraints that are impacting the market are listed below:

1. Stringent Emission Regulations:

One of the major restraints that is impacting the outboard electric motors market is the stringent emission regulations that have been put in place by various governments around the world. These regulations are specifically designed to limit the release of harmful pollutants and greenhouse gases into the atmosphere.

As a result of these regulations, outboard electric motors must meet certain emission standards in order to be sold in the market. This is likely to increase the cost of production for manufacturers, which is expected to restraint the growth of the outboard electric motors market during the forecast period.

2. High Cost of Electric Motors:

Another key restraint that is impacting the outboard electric motors market is the high cost of electric motors. Electric motors are significantly more expensive than traditional petrol or diesel engines. This is one of the main reasons why outboard electric motors have not been widely adopted till now.

However, with the advancement of technology, the cost of electric motors is expected to decrease in the coming years. This is expected to create new opportunities for the outboard electric motors market in the future.

3. Lack of Infrastructure:

One of the major challenges that the outboard electric motors market is facing is the lack of infrastructure. In order to charge an electric motor, a reliable and consistent power source is required. However, in many parts of the world, such infrastructure is not yet available.

This is one of the key reasons why outboard electric motors have not been widely adopted in the market. However, with the increasing focus on renewable energy, it is expected that the necessary infrastructure will be developed in the coming years.

4. Limited Range:

One of the main limitations of outboard electric motors is their limited range. Unlike petrol or diesel engines, electric motors cannot

5. Market Opportunity
Outboard electric motors are a type of electric propulsion system for boats. They are environmentally friendly, quiet, and efficient. Outboard electric motors are becoming increasingly popular as people are looking for alternatives to traditional gas-powered engines.

There are many different types and sizes of outboard electric motors available on the market. The size of the motor will determine the size of the boat that it can propel. There are small outboard electric motors that are designed for canoes and kayaks. There are also larger outboard electric motors that are designed for larger boats.

The cost of outboard electric motors can vary depending on the size and type of the motor. Smaller outboard electric motors can cost as little as $500. Larger outboard electric motors can cost upwards of $5,000.

There are many different market opportunities for outboard electric motors. One market opportunity is in the recreational boating market. Outboard electric motors are becoming increasingly popular in this market as they are environmentally friendly and quiet. Another market opportunity is in the commercial fishing market. Outboard electric motors can be used to power commercial fishing boats.

There are many different companies that manufacture outboard electric motors. Some of the leading companies include Minn Kota, Torqeedo, and Yamaha. These companies offer a variety of different models to choose from.

Outboard electric motors offer a number of advantages over traditional gas-powered engines. They are environmentally friendly, quiet, and efficient. Outboard electric motors are a great option for those who are looking for an alternative to traditional gas-powered engines.

6. Market Segmentation
The outboard electric motors market is fragmented and the key players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions to increase their footprints in this market. The report includes market shares of outboard electric motors market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Some of the major players operating in the outboard electric motors market are Yamaha Motor Company, Minn Kota, Torqeedo, MotorGuide, Navigator, Newport Vessels, and Sea-Doo.

In 2018, the global Outboard Electric Motors market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Outboard Electric Motors status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Outboard Electric Motors development in United States, Europe and China.

The key players covered in this study

Yamaha Motor Company

Minn Kota

Torqeedo

MotorGuide

Navigator

Newport Vessels

Sea-Doo

Market segment by Type, the product can be split into

Brushed

Brushless

Market segment by Application, split into

Recreational

Commercial

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Outboard Electric Motors status, future forecast, growth opportunity, key market and key players.

To present the Outboard Electric Motors development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Outboard Electric Motors are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast

7. Competitive Landscape
The global outboard electric motors market is highly competitive in nature. The key players in this market are focused on providing technologically advanced and cost-effective outboard electric motors. The players in this market are also engaged in providing after-sales services to their customers. Some of the major players operating in the global outboard electric motors market are Yamaha Motor Company, Ltd., Torqeedo GmbH, Minn Kota Motors, LLC, Newport Vessels, and Johnson Outdoors Inc. These players are expected to maintain their dominant position in the outboard electric motors market during the forecast period.

The outboard electric motors market is expected to witness significant growth during the forecast period. The market is driven by the increasing demand for environment-friendly and fuel-efficient outboard electric motors. The outboard electric motors are also easy to install and operate, which is another key factor driving the growth of this market. However, the high cost of outboard electric motors is expected to restraint the growth of this market during the forecast period.

The players in the outboard electric motors market are focused on providing technologically advanced and cost-effective outboard electric motors. The players in this market are also engaged in providing after-sales services to their customers. Some of the major players operating in the global outboard electric motors market are Yamaha Motor Company, Ltd., Torqeedo GmbH, Minn Kota Motors, LLC, Newport Vessels, and Johnson Outdoors Inc. These players are expected to maintain their dominant position in the outboard electric motors market during the forecast period.

8. Company Profiles
The outboard electric motors market is estimated to be valued at USD XX million in 2016 and is projected to grow at a CAGR of XX% during the forecast period of 2017 to 2025. The market is mainly driven by the rising demand for electric vehicles and the need to reduce carbon emissions.

Some of the key players in the outboard electric motors market are Yamaha Motor Co., Ltd. (Japan), Suzuki Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), Mercury Marine (U.S.), and Minn Kota (U.S.).

Yamaha Motor Co., Ltd. (Japan) is one of the leading manufacturers of outboard electric motors. The company offers a wide range of outboard electric motors for both fresh and salt water applications. It has a strong presence in North America, Europe, Asia Pacific, and Japan. The company has a wide dealer network and service network across the globe.

Suzuki Motor Corporation (Japan) is another leading player in the outboard electric motors market. The company offers a wide range of outboard electric motors for both fresh and salt water applications. It has a strong presence in North America, Europe, Asia Pacific, and Japan. The company has a wide dealer network and service network across the globe.

Honda Motor Co., Ltd. (Japan) is a leading player in the outboard electric motors market. The company offers a wide range of outboard electric motors for both fresh and salt water applications. It has a strong presence in North America, Europe, Asia Pacific, and Japan. The company has a wide dealer network and service network across the globe.

Mercury Marine (U.S.) is a leading player in the outboard electric motors market. The company offers a wide range of outboard electric motors for both fresh and salt water applications. It has a strong presence in North America, Europe, Asia Pacific, and Japan. The company has a wide dealer network and service network across the globe.

Minn Kota (U.S.) is a leading player in the outboard electric motors market. The company offers a wide range of outboard electric motors for both fresh and salt water applications. It has

9. Future Outlook
The outboard electric motors market is expected to grow significantly in the next few years. This is attributed to the increasing demand for electric outboard motors from the recreational boating industry. The market is also driven by the growing preference for electric outboard motors over traditional petrol and diesel outboard motors.

The outboard electric motors market is segmented on the basis of power output, application, and geography. On the basis of power output, the market is segmented into up to 5HP, 5HP-10HP, 10HP-20HP, and above 20HP. On the basis of application, the market is segmented into fresh water usage and salt water usage.

The outboard electric motors market is expected to be driven by the growing demand from the recreational boating industry. The market is also driven by the growing preference for electric outboard motors over traditional petrol and diesel outboard motors. The market is further driven by the environmental benefits offered by electric outboard motors.

The outboard electric motors market is expected to be restrained by the high cost of electric outboard motors. The market is also expected to be challenged by the lack of infrastructure for electric outboard motors.

The outboard electric motors market is expected to be opportunities in the development of efficient and lightweight electric outboard motors. The market is also expected to be driven by the government initiatives to promote the use of electric outboard motors.

The outboard electric motors market is expected to be dominated by North America, followed by Europe and Asia Pacific. North America is expected to be the largest market for outboard electric motors, due to the presence of a large number of recreational boaters in the region. Europe is expected to be the second largest market for outboard electric motors, driven by the growing demand from the recreational boating industry. Asia Pacific is expected to be the third largest market for outboard electric motors, driven by the growing preference for electric outboard motors over traditional petrol and diesel outboard motors.

The key players in the outboard electric motors market are Torqeedo GmbH, Minn Kota Motors, Inc., Johnson Outdoors Inc., Yamaha Motor Corporation, and Navigator Electric Motors

10. Disclaimer
When it comes to electric outboard motors, there are a few things you should know before making a purchase. Here are 10 disclaimers to keep in mind:

1. Weights and dimensions listed are approximate and may vary.

2. All motors are tested in ideal conditions. Your results may vary depending on water conditions, temperature, and other factors.

3. All motors are designed for use with fresh water only. Do not use in salt water.

4. All motors come with a one-year warranty.

5. We recommend that you have your outboard motor serviced by a qualified technician at least once a year.

6. The use of any aftermarket parts or accessories voids the warranty.

7. All electric outboard motors are designed for use with boats that are equipped with proper flotation devices.

8. Never operate your outboard motor while under the influence of alcohol or drugs.

9. Always wear a life jacket when operating an outboard motor.

10. Follow all local, state, and federal laws when operating an outboard motor.

Key Players Covered:

Key players operating in the global outboard electric motors market are Aquamot, Minn Kota, Krautler Elektromaschinen, AquaWattm, MotorGuide, Torqeedo, Ray Electric Outboards, Suzhou Parsun Power Machine and CSM Tech

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Motor Type

 

 

    • Propulsion Motors
    • Trolling Motors
 

By Application

 

 

    • Fishing
    • Civil Entertainment
    • Commercial Applications
    • Others
 

By Region

 

 

    • North America (U.S. and Canada)
    • Europe (UK, Germany, France and Rest of Europe)
    • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
    • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
    • Latin America (Brazil, Mexico and Rest of Latin America)
 

By Motor Type

 

 

    • Propulsion Motors
    • Trolling Motors
 

By Application

 

 

    • Fishing
    • Civil Entertainment
    • Commercial Applications
    • Others

Aquamot, Minn Kota, Krautler Elektromaschinen, AquaWattm, MotorGuide, Torqeedo, Ray Electric Outboards, Suzhou Parsun Power Machine and CSM Tec

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