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According to our Researcher latest study, the global Electric Outboard Motors market size was valued at USD 136.3 million in 2023 and is forecast to a readjusted size of USD 221.5 million by 2030 with a CAGR of 7.2% during review period.
Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as “trolling motor” or “electric Outboard motor”. They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
Global electric outboard motors key players include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, etc. Global top 2 manufacturers hold a share about 45%. Europe is the largest market, with a share about 40%, followed by United States, have a share over 26 percent.
The Researcher report includes an overview of the development of the Electric Outboard Motors industry chain, the market status of Civil Entertainment (Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor), Municipal Application (Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Electric Outboard Motors.
Regionally, the report analyzes the Electric Outboard Motors markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Electric Outboard Motors market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Electric Outboard Motors market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Electric Outboard Motors industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Electric Outboard Motors market.
Regional Analysis: The report involves examining the Electric Outboard Motors market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Electric Outboard Motors market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Electric Outboard Motors:
Company Analysis: Report covers individual Electric Outboard Motors manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Electric Outboard Motors This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Civil Entertainment, Municipal Application).
Technology Analysis: Report covers specific technologies relevant to Electric Outboard Motors. It assesses the current state, advancements, and potential future developments in Electric Outboard Motors areas.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Electric Outboard Motors market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
by Type
Outboard Electric Propulsion Motor
Outboard Electric Trolling Motor
by Power
Below 25kW
25kW-50kW
50-150kW
Market segment by Application
Civil Entertainment
Municipal Application
Commercial Application
Other
Minn Kota
Torqeedo
MotorGuide
CSM Tech
AquaWatt
Haibo
Epropulsion Technology
Suzhou Parsun Power Machine
Elco Motor Yachts
Krautler Elektromaschinen
Aquamot
Ray Electric Outboards
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Chapter 1, to describe Electric Outboard Motors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Outboard Motors, with price, sales, revenue and global market share of Electric Outboard Motors from 2019 to 2024.
Chapter 3, the Electric Outboard Motors competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Outboard Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Electric Outboard Motors market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Outboard Motors.
Chapter 14 and 15, to describe Electric Outboard Motors sales channel, distributors, customers, research findings and conclusion.
Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as “trolling motor” or “electric Outboard motor”. They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.
Global electric outboard motors key players include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, etc. Global top 2 manufacturers hold a share about 45%. Europe is the largest market, with a share about 40%, followed by United States, have a share over 26 percent.
The Researcher report includes an overview of the development of the Electric Outboard Motors industry chain, the market status of Civil Entertainment (Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor), Municipal Application (Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Electric Outboard Motors.
Regionally, the report analyzes the Electric Outboard Motors markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Electric Outboard Motors market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Electric Outboard Motors market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Electric Outboard Motors industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Outboard Electric Propulsion Motor, Outboard Electric Trolling Motor).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Electric Outboard Motors market.
Regional Analysis: The report involves examining the Electric Outboard Motors market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Electric Outboard Motors market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Electric Outboard Motors:
Company Analysis: Report covers individual Electric Outboard Motors manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Electric Outboard Motors This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Civil Entertainment, Municipal Application).
Technology Analysis: Report covers specific technologies relevant to Electric Outboard Motors. It assesses the current state, advancements, and potential future developments in Electric Outboard Motors areas.
Competitive Landscape
: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Electric Outboard Motors market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Electric Outboard Motors market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
by Type
Outboard Electric Propulsion Motor
Outboard Electric Trolling Motor
by Power
Below 25kW
25kW-50kW
50-150kW
Market segment by Application
Civil Entertainment
Municipal Application
Commercial Application
Other
Major players
coveredMinn Kota
Torqeedo
MotorGuide
CSM Tech
AquaWatt
Haibo
Epropulsion Technology
Suzhou Parsun Power Machine
Elco Motor Yachts
Krautler Elektromaschinen
Aquamot
Ray Electric Outboards
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Outboard Motors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Outboard Motors, with price, sales, revenue and global market share of Electric Outboard Motors from 2019 to 2024.
Chapter 3, the Electric Outboard Motors competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Outboard Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Electric Outboard Motors market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Outboard Motors.
Chapter 14 and 15, to describe Electric Outboard Motors sales channel, distributors, customers, research findings and conclusion.
Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
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