The future of the global electric outbords motors market looks promising with opportunities in the municipal and commercial markets. The global electric outbords motors market is expected to reach an estimated $0.35 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growth of marine protection projects and water sports, increasing environmental concerns, and government incentives for eco-friendly technologies.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the electric outbords motors
market by type (propulsion motor and trolling motor), power output (under 25
hp, 25hp-50 hp, and more than 50 hp), end use industry (municipal and
commercial), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
propulsion motor and trolling motor are the major segments of electric outbords
motors market by application type. Lucintel forecasts that propulsion motor is
expected to witness higher growth over the forecast period due to power boats
and are used for variety of applications, such as cruising, fishing, and
towing. Within this market, commercial will remain the larger segment due to
increasing adoption of electric outboard motors by commercial fishing and
tourism operators.
North America is
expected to witness highest growth over the forecast period due to the early
adoption of technologies in the region.
Minn Kota, Torqeedo,
Motorguide, CSM Tech, Aquawatt, Haibo, Propulsion Technology, Suzhou Parsun
Power Machine, Elco Motor Yachts, and Krautler Elektromaschinen are the major
suppliers in the electric outbords motors market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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