Outboard Boats Market Analysis: Major Players, Lucrative Segments And Top Geographies
15 Jun, 2023
The global outboard boat market size is expected to grow from $5.29 billion in 2022 to $5.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global outboard boat market size is expected to reach $8.06 billion in 2027 at a CAGR of 8.6%.
Global Outboard Boats Market Key Driver
The rising demand for recreational activities is likely to move the outboard boat industry ahead. Any indoor or outdoor activity done during leisure time for the sake of exercise, relaxation, and pleasure is considered a recreational activity. Outboard boats are becoming increasingly popular among water sports and recreational fans due to their versatility, ease of use, and affordability.
Get a sample of the global outboard boats market reportGlobal Outboard Boats Market Segments
The global outboard boats market is segmented:
1) By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
2) By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
3) By End User: Fishing, Water Taxi, Transportation, Hospitality Business
4) By Geography: The regions covered in the outboard boats market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global outboard boats market.
Major Outboard Boats Industry Players
Bombardier Products Inc., Brunswick Corporation, Campion marine Inc., Cantieri Capilli SRL, Groupe Beneteau, Polaris Inc., Poseidon Boats, White River Marine Group, Nimbus Group, Sightseer Marine Inc., Marine Products Corporation, Waterline Systems Inc., Mahindra & Mahindra, Ribcraft Ltd., Scout Boats, Seaark LLC, Stingray Boats, Zodiac Milpro Inc., Ferretti Group, Tracker Boats, Bravia Yachtbau, Hoble Boats
Get the full global outboard boats market reportOutboard Boats Market Overview
The outboard boat refers to a boat that is powered by outboard motors. These boats are designed to have the engine mounted on the transom, or back, of the boat, and can range in size from small fishing boats to large yachts.
Outboard Boats Global Market Report 2023 provides data on the global outboard boats market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The outboard boats market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.