The research report published by Fact.MR on the Marine Outboard Engine Market is intended to offer reliable data on various key factors shaping the growth curve of the market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders. The segment accounted for a considerable share in the Marine Outboard Engine Market in forecast period 2022 to 2032.
The share in this segment comes with a wide range of opportunities including manufacturing products, distribution, retail, and marketing services. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Demand of Marine Outboard Engine Market, both at global and regional levels.
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Key Segments of the Marine Outboard Engine Market
Fact.MR’s study on the marine outboard engine market offers information divided into two key segments-power, engine, ignition, boat, across seven major regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
By Power :
- Less than 30 HP
- 30HP to 100 HP
- Above 100 HP
By Engine :
- Two Stroke Carburetted
- Two Stroke Electronic Fuel Injection
- Two Stroke Direct Injection System
- Four Stroke Carburetted
- Four Stroke Electronic Fuel Injection
By Ignition :
By Boat :
- Fishing Vessel
- Recreational Vessel
- Special Purpose Boats
By Region :
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market.
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Key Takeaways of Marine Outboard Engine Market Study:
- Global marine outboard engine market is expected to grow at a CAGR of 1.7%, and is slated to be valued at US$ 3.9 Bn by the end of forecast period (2020 – 2030).
- Four stroke electronic fuel injection type engines will hold the maximum share in terms of value, at US$ 1.7 Bn market value by the end of forecast period.
- Marine outboard engines with power above 100 HP type is set to grow at a value CAGR of 1.8% , gaining 43 BPS into its market share by the end of the forecast period.
- Electric ignition type marine outboard engine is expected to account for majority share in terms of value. It is projected to create an absolute $ opportunity of more than US$ 495.4 Mn during the forecast period.
- Marine outboard engine used in fishing vessels is projected to grow at a CAGR of 1.7% and will create an absolute $ opportunity of more than US$ 259.6 Mn by the end of the forecast period.
- North America is prophesied to hold the maximum share in terms of value, expanding at a CAGR of 1.4% during the forecast period.
“The global marine outboard engine market will witness stunted growth in the short-term due to economic slowdown amid COVID-19 pandemic. However, introduction of novel engine designs with lower emission and improved performance will drive the market growth in long term” says a Fact.MR analyst.
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Marine Outboard Engine Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Marine Outboard Engine Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Marine Outboard Engine Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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The data provided in the Marine Outboard Engine Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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