Electric Outboard Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The electric outboard motors are the self-contained propulsory units for boats. These boats are highly efficient for very light boats; for motorboats & sailboats up to 10 ton; for commercial operators & green boaters; and dinghies, tenders, and daysailers up to 1.5 tons. Growing number of boats is expected to influence the growth of electric outboard motors.

MARKET DYNAMICS

With rising demand for marine protection projects and water sports, the number of providers is increasing. The providers are offering low maintenance, eco-friendly, and high quality electric outboard motors. This factor is contributing factor influencing the sale of electric outboard motors. Factors mentioned above are driving the electric outboard motors market. In addition to this, integration of advanced technologies and rising concern for environment protection to lower emission is anticipated to provide ample of growth opportunities to the players operating in the electric outboard motors market.

MARKET SCOPE

The "Global Electric Outboard Motors Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric outboard motors market with detailed market segmentation- type, end user, and geography. The global electric outboard motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric outboard motors market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global electric outboard motors market is segmented on the basis of type and end user. Based on type, the electric outboard motors market is segmented into propulsion motor, trolling motor. On the basis of end-user, the electric outboard motors market is segmented into municipal, commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric outboard motors market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electric outboard motors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the electric outboard motors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the electric outboard motors in these regions.

MARKET PLAYERS

The reports cover key developments in the electric outboard motors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric outboard motors market are anticipated to lucrative growth opportunities in the future with the rising demand for electric outboard motors in the global market. Below mentioned is the list of few companies engaged in the electric outboard motors market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric outboard motors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AquaWatt
•   Aquamot
•   CSM TECH CO., LTD
•   ePropulsion Technology
•   Krautler Elektromaschinen
•   Minn Kota
•   MotorGuide
•   Oceanvolt
•   Pure Watercraft
•   Suzhou Parsun Power Machine
•   Torqeedo GmbH

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electric Outboard Motors Report Scope