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    North America Outboard Engines Market Forecast 2028 By Ignition Type (Manual, Electric), By Engine Type (Electric, 2-stroke, 4-stroke), By Fuel Type (Gasoline, Diesel, Electric), By Power (High, Medium, Low), By Application (Recreational, Commercial, Military), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1648   |   Delivery: PDF  Request Free Sample

    North America Outboard Engines Market size was over USD 5,920 million in 2021 and is expected to witness 4% CAGR from 2022 to 2028. The growth in the market would come from rising consumer spending on recreational activities and increasing fleet of commercial boats in the region.

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    Boat manufacturers are increasingly emphasizing on new product developments with latest and more aesthetic designs, which is supporting the increase in sales figures and enticing more buyers. Industry players are targeting a huge customer base with different budgets and interests, adopting new strategies for a range of boats that observed a decent demand in the past few years. Increased availability of an expansive product portfolio will offer customers with more options to choose.

    North America Market, By Application

    The commercial activities in the North American countries are tracing back on track post the pandemic scenes, generating lucrative prospects for the commercial application segment across the North America outboard engines market. The growth is also propelled by the elevating fisheries production in the region, specially across the United States. 

    North America Market, By Engine Type

    Electric-driven outboard engines demand across the North America is anticipated to reflect substantial growth in the forthcoming years, ascribed to the rising preference for these owing to the ease of operations, less engine noise, absence of gas fumes, and vibrations. Several boat owners are now considering the use of electric driven outboard engines to power fishing boats, pontoons, cruisers, and tender boats.

    The electric engine segment will surpass USD 7,610 million revenue by 2028, fueled by the surging focus to support the transition to a sustainable future and reduce the dependency on fossil fuels. The popularity of electric engines for water vehicles has enabled manufacturers to shift their focus toward the production of these motors. Meanwhile some companies are participating in M&A initiatives to stand a position in the electric outboard engine segment.

    Competitive Industry Landscape

    Some of the leading companies involved in the North America outboard engines market are OXE Diesel, YANMAR Marine International, Pure Watercraft, Inc., Mercury Outboard Engines, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, and Bombardier Recreational Products Inc. These companies have been centered on strategic initiatives like mergers, acquisitions, partnerships, and product launches to gain a prominent spot in the market.


    Frequently Asked Question(FAQ) :

    What is the North America outboard engines market worth?
    The industry size for outboard engines in North America was over USD 5,920 million in 2021 and is poised to record a 4% CAGR through 2028 due to the rising consumer spending on recreational activities and the expanding fleet of commercial boats in the region.
    Why is the demand for electric outboard engines growing in North America?
    The regional market share from the electric engine type segment will cross USD 7,610 million by 2028, owing to the increasing focus to support the transition to a sustainable future and limit the dependency on fossil fuels.
    How are commercial applications driving North America outboard engines industry growth?
    The market for outboard engines in North America will see expansion from commercial applications through 2028 driven by the elevating fisheries production in the region, mainly across the U.S.
    Who manufactures outboard engines in North America?
    OXE Diesel, Pure Watercraft, Inc., YANMAR Marine International, Mercury Outboard Engines, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, and Bombardier Recreational Products Inc. are some well-known the industry players in the region.

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