Outboard Electric Motors Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Financial Impact Analysis)
ID : MRU_
114918 | Date :
Feb, 2023 | Pages :
180 | Region : Global |
Publisher : Ri research
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\", is generally used on very small craft or on small lakes where gasoline motor is prohibited or used as a secondary means of propulsion on larger craft, and can also be used as repositioning thrusters while fishing.
Compared with gas outboard motor market, outboard electric motor market is much smaller and under development. There are two types of outboard electric motor available in the market, which includes outboard electric propulsion motor and outboard electric trolling motor. Currently outboard electric trolling motor accounts for the main market share based on volume; this type of motor is small and cheap. Gas outboard motor can provide higher power and are suitable for heavy duty application. Electric outboard motor are environmentally friendly and much more silent at operating, thus they are more suitable to be used in some applications and are becoming more and more popular worldwide.
Worldwide, there are about thirty manufacturers of outboard electric motor currently; and there are more than forty brands of outboard electric motor available in market. Some of these manufacturers are specialized in the production of outboard electric propulsion motor, and some of them are specialized in the production of outboard electric trolling motor. Some manufacturers have raw materials or cost advantages, and some of them have technology or marketing advantages.
As the market of outboard electric motor is growing rapidly and there is considerable market potential, it is forecasted that more and more enterprises will enter the market with different advantages and disadvantages. And the market is believed to be fiercer.
The report offers detailed coverage of Outboard Electric Motors industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Outboard Electric Motors by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Outboard Electric Motors market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Outboard Electric Motors market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Torqeedo
Minn Kota
MotorGuide
AquaWatt
CSM Tech
Elco Motor Yachts
Krautler Elektromaschinen
Ray Electric Outboards
Aquamot
Suzhou Parsun Power Machine
ePropulsion Technology
At the same time, we classify Outboard Electric Motors according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
Outboard Electric Propulsion Motor
Outboard Electric Trolling Motor Market by Application
Civil Entertainment
Municipal Application
Commercial Application
Other Application
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Outboard Electric Motors market for the forecast period 2023 - 2030?
• What are the driving forces in the Outboard Electric Motors market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Outboard Electric Motors industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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