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

Coverage: Outboard Motors Market covers analysis By Engine Type (2-Stroke, 4-Stroke); Power (Low, Mid, High); Ignition Type (Electric, Manual); Application (Commercial, Recreational, Military) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00014513
  • Category : Automotive and Transportation
  • No. of Pages : 150
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Outboard Motors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW

  •  utboard motors are compact, lightweight and are designed to be affixed to the stern of the boat. These motor is used as propulsion systems for boats, which include gearbox, engine, and propeller. It is the most common motorized method of propelling small and medium watercraft. Growing adoption of outboard motors for small and medium watercraft due to ease in boat handling and enhanced fuel efficiency supports the growth of the outboard motors market. Outboard motors market is expected to grow promisingly all over the world in coming years.

    MARKET SCOPE

    The "Global Outboard Motors Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the outboard motors market with detailed market segmentation by engine type, power, ignition type, application and geography. The report provides key statistics on the market status of the leading outboard motors market players and offers key trends and opportunities in the market.

    MARKET SEGMENTATION

    •   Based on engine type, the global outboard motors market is segmented into 2-Stroke and 4-Stroke.
    •   On the basis of power, the market is segmented into low, mid and high.
    •   Based on ignition type, the market is bifurcated into electric and manual.
    •   On the basis of application, the market is segmented into commercial, recreational and military.

    MARKET DYNAMICS
    Drivers:

    •   Increasing government funding for infrastructure development of the marine sector.
    •   Rise in spending on tourism, adventure sports, and recreational activities.

    Restraints:

    •   Unorganized retail sector in few developing countries

    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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 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 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 America after evaluating political, economic, social and technological factors affecting the outboard motors market in these regions.

    IMPACT OF COVID-19 ON OUTBOARD MOTORS MARKET

    The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people and non-essential goods from one place to another. Restrictions of limited workforce at production site affected the market from supply side. The pandemic period experienced temporary closure of various water sport activities. All the mentioned factors have impacted the outboard motors market negatively.

    World Geography

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    MARKET PLAYERS


    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The 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 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 America after evaluating political, economic, social and technological factors affecting the outboard motors market in these regions.

    IMPACT OF COVID-19 ON OUTBOARD MOTORS MARKET

    The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people and non-essential goods from one place to another. Restrictions of limited workforce at production site affected the market from supply side. The pandemic period experienced temporary closure of various water sport activities. All the mentioned factors have impacted the outboard motors market negatively.

    MARKET PLAYERS

    The report covers key developments in the 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 outboard motors market are anticipated to lucrative growth opportunities in the future with the rising demand for outboard motors in the global market.

    The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the 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.

    •   Cox Powertrain Limited
    •   Honda Motor Co., Ltd.
    •   Mercury Marine
    •   Powertec Outboards
    •   Suzuki Marine
    •   Tohatsu Corporation
    •   Torqeedo GmbH
    •   Volvo Penta
    •   Yamaha Motor Co., Ltd.
    •   YANMAR Marine International

    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.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    • Request discounts available for Start-Ups & Universities
  • Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    TABLE OF CONTENTS

    1. INTRODUCTION
    1.1. SCOPE OF THE STUDY
    1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3. MARKET SEGMENTATION
    1.3.1 Outboard Motors Market - By Engine Type
    1.3.2 Outboard Motors Market - By Power
    1.3.3 Outboard Motors Market - By Ignition Type
    1.3.4 Outboard Motors Market - By Application
    1.3.5 Outboard Motors Market - By Region
    1.3.5.1 By Country

    2. KEY TAKEAWAYS

    3. RESEARCH METHODOLOGY

    4. OUTBOARD MOTORS MARKET LANDSCAPE
    4.1. OVERVIEW
    4.2. PORTER'S FIVE FORCES ANALYSIS
    4.2.1 Bargaining Power of Buyers
    4.2.1 Bargaining Power of Suppliers
    4.2.1 Threat of Substitute
    4.2.1 Threat of New Entrants
    4.2.1 Competitive Rivalry
    4.3. ECOSYSTEM ANALYSIS
    4.4. EXPERT OPINIONS

    5. OUTBOARD MOTORS MARKET - KEY MARKET DYNAMICS
    5.1. KEY MARKET DRIVERS
    5.2. KEY MARKET RESTRAINTS
    5.3. KEY MARKET OPPORTUNITIES
    5.4. FUTURE TRENDS
    5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

    6. OUTBOARD MOTORS MARKET - GLOBAL MARKET ANALYSIS
    6.1. OUTBOARD MOTORS - GLOBAL MARKET OVERVIEW
    6.2. OUTBOARD MOTORS - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. OUTBOARD MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - ENGINE TYPE
    7.1. OVERVIEW
    7.2. ENGINE TYPE MARKET FORECASTS AND ANALYSIS
    7.3. 2-STROKE
    7.3.1. Overview
    7.3.2. 2-Stroke Market Forecast and Analysis
    7.4. 4-STROKE
    7.4.1. Overview
    7.4.2. 4-Stroke Market Forecast and Analysis
    8. OUTBOARD MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - POWER
    8.1. OVERVIEW
    8.2. POWER MARKET FORECASTS AND ANALYSIS
    8.3. LOW
    8.3.1. Overview
    8.3.2. Low Market Forecast and Analysis
    8.4. MID
    8.4.1. Overview
    8.4.2. Mid Market Forecast and Analysis
    8.5. HIGH
    8.5.1. Overview
    8.5.2. High Market Forecast and Analysis
    9. OUTBOARD MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - IGNITION TYPE
    9.1. OVERVIEW
    9.2. IGNITION TYPE MARKET FORECASTS AND ANALYSIS
    9.3. ELECTRIC
    9.3.1. Overview
    9.3.2. Electric Market Forecast and Analysis
    9.4. MANUAL
    9.4.1. Overview
    9.4.2. Manual Market Forecast and Analysis
    10. OUTBOARD MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
    10.1. OVERVIEW
    10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
    10.3. COMMERCIAL
    10.3.1. Overview
    10.3.2. Commercial Market Forecast and Analysis
    10.4. RECREATIONAL
    10.4.1. Overview
    10.4.2. Recreational Market Forecast and Analysis
    10.5. MILITARY
    10.5.1. Overview
    10.5.2. Military Market Forecast and Analysis

    11. OUTBOARD MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    11.1. NORTH AMERICA
    11.1.1 North America Outboard Motors Market Overview
    11.1.2 North America Outboard Motors Market Forecasts and Analysis
    11.1.3 North America Outboard Motors Market Forecasts and Analysis - By Engine Type
    11.1.4 North America Outboard Motors Market Forecasts and Analysis - By Power
    11.1.5 North America Outboard Motors Market Forecasts and Analysis - By Ignition Type
    11.1.6 North America Outboard Motors Market Forecasts and Analysis - By Application
    11.1.7 North America Outboard Motors Market Forecasts and Analysis - By Countries
    11.1.7.1 United States Outboard Motors Market
    11.1.7.1.1 United States Outboard Motors Market by Engine Type
    11.1.7.1.2 United States Outboard Motors Market by Power
    11.1.7.1.3 United States Outboard Motors Market by Ignition Type
    11.1.7.1.4 United States Outboard Motors Market by Application
    11.1.7.2 Canada Outboard Motors Market
    11.1.7.2.1 Canada Outboard Motors Market by Engine Type
    11.1.7.2.2 Canada Outboard Motors Market by Power
    11.1.7.2.3 Canada Outboard Motors Market by Ignition Type
    11.1.7.2.4 Canada Outboard Motors Market by Application
    11.1.7.3 Mexico Outboard Motors Market
    11.1.7.3.1 Mexico Outboard Motors Market by Engine Type
    11.1.7.3.2 Mexico Outboard Motors Market by Power
    11.1.7.3.3 Mexico Outboard Motors Market by Ignition Type
    11.1.7.3.4 Mexico Outboard Motors Market by Application
    11.2. EUROPE
    11.2.1 Europe Outboard Motors Market Overview
    11.2.2 Europe Outboard Motors Market Forecasts and Analysis
    11.2.3 Europe Outboard Motors Market Forecasts and Analysis - By Engine Type
    11.2.4 Europe Outboard Motors Market Forecasts and Analysis - By Power
    11.2.5 Europe Outboard Motors Market Forecasts and Analysis - By Ignition Type
    11.2.6 Europe Outboard Motors Market Forecasts and Analysis - By Application
    11.2.7 Europe Outboard Motors Market Forecasts and Analysis - By Countries
    11.2.7.1 Germany Outboard Motors Market
    11.2.7.1.1 Germany Outboard Motors Market by Engine Type
    11.2.7.1.2 Germany Outboard Motors Market by Power
    11.2.7.1.3 Germany Outboard Motors Market by Ignition Type
    11.2.7.1.4 Germany Outboard Motors Market by Application
    11.2.7.2 France Outboard Motors Market
    11.2.7.2.1 France Outboard Motors Market by Engine Type
    11.2.7.2.2 France Outboard Motors Market by Power
    11.2.7.2.3 France Outboard Motors Market by Ignition Type
    11.2.7.2.4 France Outboard Motors Market by Application
    11.2.7.3 Italy Outboard Motors Market
    11.2.7.3.1 Italy Outboard Motors Market by Engine Type
    11.2.7.3.2 Italy Outboard Motors Market by Power
    11.2.7.3.3 Italy Outboard Motors Market by Ignition Type
    11.2.7.3.4 Italy Outboard Motors Market by Application
    11.2.7.4 United Kingdom Outboard Motors Market
    11.2.7.4.1 United Kingdom Outboard Motors Market by Engine Type
    11.2.7.4.2 United Kingdom Outboard Motors Market by Power
    11.2.7.4.3 United Kingdom Outboard Motors Market by Ignition Type
    11.2.7.4.4 United Kingdom Outboard Motors Market by Application
    11.2.7.5 Russia Outboard Motors Market
    11.2.7.5.1 Russia Outboard Motors Market by Engine Type
    11.2.7.5.2 Russia Outboard Motors Market by Power
    11.2.7.5.3 Russia Outboard Motors Market by Ignition Type
    11.2.7.5.4 Russia Outboard Motors Market by Application
    11.2.7.6 Rest of Europe Outboard Motors Market
    11.2.7.6.1 Rest of Europe Outboard Motors Market by Engine Type
    11.2.7.6.2 Rest of Europe Outboard Motors Market by Power
    11.2.7.6.3 Rest of Europe Outboard Motors Market by Ignition Type
    11.2.7.6.4 Rest of Europe Outboard Motors Market by Application
    11.3. ASIA-PACIFIC
    11.3.1 Asia-Pacific Outboard Motors Market Overview
    11.3.2 Asia-Pacific Outboard Motors Market Forecasts and Analysis
    11.3.3 Asia-Pacific Outboard Motors Market Forecasts and Analysis - By Engine Type
    11.3.4 Asia-Pacific Outboard Motors Market Forecasts and Analysis - By Power
    11.3.5 Asia-Pacific Outboard Motors Market Forecasts and Analysis - By Ignition Type
    11.3.6 Asia-Pacific Outboard Motors Market Forecasts and Analysis - By Application
    11.3.7 Asia-Pacific Outboard Motors Market Forecasts and Analysis - By Countries
    11.3.7.1 Australia Outboard Motors Market
    11.3.7.1.1 Australia Outboard Motors Market by Engine Type
    11.3.7.1.2 Australia Outboard Motors Market by Power
    11.3.7.1.3 Australia Outboard Motors Market by Ignition Type
    11.3.7.1.4 Australia Outboard Motors Market by Application
    11.3.7.2 China Outboard Motors Market
    11.3.7.2.1 China Outboard Motors Market by Engine Type
    11.3.7.2.2 China Outboard Motors Market by Power
    11.3.7.2.3 China Outboard Motors Market by Ignition Type
    11.3.7.2.4 China Outboard Motors Market by Application
    11.3.7.3 India Outboard Motors Market
    11.3.7.3.1 India Outboard Motors Market by Engine Type
    11.3.7.3.2 India Outboard Motors Market by Power
    11.3.7.3.3 India Outboard Motors Market by Ignition Type
    11.3.7.3.4 India Outboard Motors Market by Application
    11.3.7.4 Japan Outboard Motors Market
    11.3.7.4.1 Japan Outboard Motors Market by Engine Type
    11.3.7.4.2 Japan Outboard Motors Market by Power
    11.3.7.4.3 Japan Outboard Motors Market by Ignition Type
    11.3.7.4.4 Japan Outboard Motors Market by Application
    11.3.7.5 South Korea Outboard Motors Market
    11.3.7.5.1 South Korea Outboard Motors Market by Engine Type
    11.3.7.5.2 South Korea Outboard Motors Market by Power
    11.3.7.5.3 South Korea Outboard Motors Market by Ignition Type
    11.3.7.5.4 South Korea Outboard Motors Market by Application
    11.3.7.6 Rest of Asia-Pacific Outboard Motors Market
    11.3.7.6.1 Rest of Asia-Pacific Outboard Motors Market by Engine Type
    11.3.7.6.2 Rest of Asia-Pacific Outboard Motors Market by Power
    11.3.7.6.3 Rest of Asia-Pacific Outboard Motors Market by Ignition Type
    11.3.7.6.4 Rest of Asia-Pacific Outboard Motors Market by Application
    11.4. MIDDLE EAST AND AFRICA
    11.4.1 Middle East and Africa Outboard Motors Market Overview
    11.4.2 Middle East and Africa Outboard Motors Market Forecasts and Analysis
    11.4.3 Middle East and Africa Outboard Motors Market Forecasts and Analysis - By Engine Type
    11.4.4 Middle East and Africa Outboard Motors Market Forecasts and Analysis - By Power
    11.4.5 Middle East and Africa Outboard Motors Market Forecasts and Analysis - By Ignition Type
    11.4.6 Middle East and Africa Outboard Motors Market Forecasts and Analysis - By Application
    11.4.7 Middle East and Africa Outboard Motors Market Forecasts and Analysis - By Countries
    11.4.7.1 South Africa Outboard Motors Market
    11.4.7.1.1 South Africa Outboard Motors Market by Engine Type
    11.4.7.1.2 South Africa Outboard Motors Market by Power
    11.4.7.1.3 South Africa Outboard Motors Market by Ignition Type
    11.4.7.1.4 South Africa Outboard Motors Market by Application
    11.4.7.2 Saudi Arabia Outboard Motors Market
    11.4.7.2.1 Saudi Arabia Outboard Motors Market by Engine Type
    11.4.7.2.2 Saudi Arabia Outboard Motors Market by Power
    11.4.7.2.3 Saudi Arabia Outboard Motors Market by Ignition Type
    11.4.7.2.4 Saudi Arabia Outboard Motors Market by Application
    11.4.7.3 U.A.E Outboard Motors Market
    11.4.7.3.1 U.A.E Outboard Motors Market by Engine Type
    11.4.7.3.2 U.A.E Outboard Motors Market by Power
    11.4.7.3.3 U.A.E Outboard Motors Market by Ignition Type
    11.4.7.3.4 U.A.E Outboard Motors Market by Application
    11.4.7.4 Rest of Middle East and Africa Outboard Motors Market
    11.4.7.4.1 Rest of Middle East and Africa Outboard Motors Market by Engine Type
    11.4.7.4.2 Rest of Middle East and Africa Outboard Motors Market by Power
    11.4.7.4.3 Rest of Middle East and Africa Outboard Motors Market by Ignition Type
    11.4.7.4.4 Rest of Middle East and Africa Outboard Motors Market by Application
    11.5. SOUTH AND CENTRAL AMERICA
    11.5.1 South and Central America Outboard Motors Market Overview
    11.5.2 South and Central America Outboard Motors Market Forecasts and Analysis
    11.5.3 South and Central America Outboard Motors Market Forecasts and Analysis - By Engine Type
    11.5.4 South and Central America Outboard Motors Market Forecasts and Analysis - By Power
    11.5.5 South and Central America Outboard Motors Market Forecasts and Analysis - By Ignition Type
    11.5.6 South and Central America Outboard Motors Market Forecasts and Analysis - By Application
    11.5.7 South and Central America Outboard Motors Market Forecasts and Analysis - By Countries
    11.5.7.1 Brazil Outboard Motors Market
    11.5.7.1.1 Brazil Outboard Motors Market by Engine Type
    11.5.7.1.2 Brazil Outboard Motors Market by Power
    11.5.7.1.3 Brazil Outboard Motors Market by Ignition Type
    11.5.7.1.4 Brazil Outboard Motors Market by Application
    11.5.7.2 Argentina Outboard Motors Market
    11.5.7.2.1 Argentina Outboard Motors Market by Engine Type
    11.5.7.2.2 Argentina Outboard Motors Market by Power
    11.5.7.2.3 Argentina Outboard Motors Market by Ignition Type
    11.5.7.2.4 Argentina Outboard Motors Market by Application
    11.5.7.3 Rest of South and Central America Outboard Motors Market
    11.5.7.3.1 Rest of South and Central America Outboard Motors Market by Engine Type
    11.5.7.3.2 Rest of South and Central America Outboard Motors Market by Power
    11.5.7.3.3 Rest of South and Central America Outboard Motors Market by Ignition Type
    11.5.7.3.4 Rest of South and Central America Outboard Motors Market by Application

    12. INDUSTRY LANDSCAPE
    12.1. MERGERS AND ACQUISITIONS
    12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
    12.3. NEW PRODUCT LAUNCHES
    12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

    13. OUTBOARD MOTORS MARKET, KEY COMPANY PROFILES
    13.1. COX POWERTRAIN LIMITED
    13.1.1. Key Facts
    13.1.2. Business Description
    13.1.3. Products and Services
    13.1.4. Financial Overview
    13.1.5. SWOT Analysis
    13.1.6. Key Developments
    13.2. HONDA MOTOR CO., LTD.
    13.2.1. Key Facts
    13.2.2. Business Description
    13.2.3. Products and Services
    13.2.4. Financial Overview
    13.2.5. SWOT Analysis
    13.2.6. Key Developments
    13.3. MERCURY MARINE
    13.3.1. Key Facts
    13.3.2. Business Description
    13.3.3. Products and Services
    13.3.4. Financial Overview
    13.3.5. SWOT Analysis
    13.3.6. Key Developments
    13.4. POWERTEC OUTBOARDS
    13.4.1. Key Facts
    13.4.2. Business Description
    13.4.3. Products and Services
    13.4.4. Financial Overview
    13.4.5. SWOT Analysis
    13.4.6. Key Developments
    13.5. SUZUKI MARINE
    13.5.1. Key Facts
    13.5.2. Business Description
    13.5.3. Products and Services
    13.5.4. Financial Overview
    13.5.5. SWOT Analysis
    13.5.6. Key Developments
    13.6. TOHATSU CORPORATION
    13.6.1. Key Facts
    13.6.2. Business Description
    13.6.3. Products and Services
    13.6.4. Financial Overview
    13.6.5. SWOT Analysis
    13.6.6. Key Developments
    13.7. TORQEEDO GMBH
    13.7.1. Key Facts
    13.7.2. Business Description
    13.7.3. Products and Services
    13.7.4. Financial Overview
    13.7.5. SWOT Analysis
    13.7.6. Key Developments
    13.8. VOLVO PENTA
    13.8.1. Key Facts
    13.8.2. Business Description
    13.8.3. Products and Services
    13.8.4. Financial Overview
    13.8.5. SWOT Analysis
    13.8.6. Key Developments
    13.9. YAMAHA MOTOR CO., LTD.
    13.9.1. Key Facts
    13.9.2. Business Description
    13.9.3. Products and Services
    13.9.4. Financial Overview
    13.9.5. SWOT Analysis
    13.9.6. Key Developments
    13.10. YANMAR MARINE INTERNATIONAL
    13.10.1. Key Facts
    13.10.2. Business Description
    13.10.3. Products and Services
    13.10.4. Financial Overview
    13.10.5. SWOT Analysis
    13.10.6. Key Developments

    14. APPENDIX
    14.1. ABOUT THE INSIGHT PARTNERS
    14.2. GLOSSARY OF TERMS
    The List of Companies

    1.Cox Powertrain Limited
    2.Honda Motor Co., Ltd.
    3.Mercury Marine
    4.Powertec Outboards
    5.Suzuki Marine
    6.Tohatsu Corporation
    7.Torqeedo GmbH
    8.Volvo Penta
    9.Yamaha Motor Co., Ltd.
    10.YANMAR Marine International

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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