The future of the global inboard electric motor market looks promising with opportunities in the civil entertainment and municipal markets. The global inboard electric motor market is expected to reach an estimated $7.95 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are high demand for low-emission vehicle, growing need for heating and cooling in places of residence, business, and industry, and rising usage of electrical equipment and machinery in various sectors.
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 inboard electric motor
market by type (low power (below 10 HP), medium power (10-35 HP), and large
power (above 35 HP)), application (civil entertainment, municipal, and others),
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, lower
power (below 10 HP), medium power (10-35 HP), large power (above 35 HP) are the
major segments of inboard electric motor market by type. Lucintel forecasts
that lower power (below 10 HP) is expected to witness highest growth over the
forecast period because it is inexpensive to purchase and maintain, reduced
emissions, reduced noise, and reduced maintenance.Within this market, civil
entertainment will remain the largest segment because of increasing deployment
of inboard electric motors in the use of boats and other vehicles in several
activities such as boating, fishing, and camping.
APAC is expected to
witness highest growth over the forecast period due to increasing demand in end
markets including power, automotive, and industrial in nations like China and
India, and growing consumer demand for electric automobiles in this region.
Kräutler
Elektromaschinen, Elco Motor Yachts, TEMA, Transfluid, Torqeedo, Oceanvolt,
Piktronik, Star Investments, Ingeteam Power Technology, and Aquamot are the
major suppliers in the inboard electric motor 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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