How big is the Outboard Motor Market?

The Outboard Motor Market size is expected to reach USD 6.11 billion in 2024 and grow at a CAGR of 3.79% to reach USD 7.37 billion by 2029. Read More

What is the current Outboard Motor Market size?

In 2024, the Outboard Motor Market size is expected to reach USD 6.11 billion. Read More

Who are the key players in Outboard Motor Market?

Yamaha Motor Co. Ltd, Honda Marine, Suzuki Motor Corporation, Tohatsu Corporation and Brunswick Corporation are the major companies operating in the Outboard Motor Market. Read More

Which is the fastest growing region in Outboard Motor Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Outboard Motor Market?

In 2024, the North America accounts for the largest market share in Outboard Motor Market. Read More

What years does this Outboard Motor Market cover, and what was the market size in 2023?

In 2023, the Outboard Motor Market size was estimated at USD 5.88 billion. The report covers the Outboard Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Outboard Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Outboard Motor Market Share

Statistics for the 2023 & 2024 Outboard Motor market share, created by Mordor Intelligence™ Industry Reports. Outboard Motor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Outboard Motor Industry

The outboard motor market is consolidated, with several players accounting for a significant market share. Some prominent outboard motor market companies are Yamaha Motor Co., Honda Motors Co. Ltd, Suzuki Motor Corporation, Brunswick Corporation, and Tohatsu Corporation. Stringent emission norms and updated technologies are pushing industry players to invest in R&D projects.

• In April 2022, Temo launched a new range of electric outboard motors, the Tamo 1000. As the name suggests, the outboard motor produces a peak power of 1000W and a static trust of 28kgs.

• In August 2022, Navalt, a Kerela-based electric boat and propulsion systems manufacturer, revealed its new all-electric outboard motor, MAKO. The company claims its new motor features a simple motor structure, reducing maintenance substantially. The company will use the outboard motor to power in-house manufactured boats, such as Nirva.