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Asia Pacific Outboard Engines Market Forecast 2027 By Power (Low, Mid, High), By Engine Type (Two-stroke, Four-stroke, Electric), By Fuel Type (Diesel, Gasoline, Electric), By Ignition Type (Electric, Manual), By Applications (Commercial, Recreational, Military), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1921 | Delivery : PDF  Request Free Sample

Asia Pacific Outboard Engines Market size exceeded USD 1 billion in 2020 and is anticipated to expand at over 7.4% CAGR from 2021 to 2027. Growing boating activities across Asia Pacific coupled with the rising adoption of water sports will propel the market demand.

Asia Pacific Outboard Engines Market

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An outboard engine is a motor framework utilized in boats. It involves independent parts including jet drives and gearboxes. These detachable motors are fundamental mechanized engines that are used to drive watercraft. They self-sufficiently control the guiding of the boat, thereby controlling the driving course. The key factor related to the development of outboard engines essentially relies upon the requirement for small- and medium-sized boats. These boats are associated with transportation activities and fishing exercises done on holidays & relaxation occasions.
 

The COVID-19 virus spread has considerably affected the regional outboard engine sales. The pandemic has halted all sorts of water transport and sports along with the temporary closure of businesses. Moreover, the high cost of new boats and engine maintenance may further hamper the market growth.
 

Asia Pacific Market, By Engine Type

Asia Pacific Outboard Engines Market, By Engine Type

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Two-stroke engines will generate over USD 635 million revenue in Asia Pacific outboard engines market by 2027. This is attributed to its rising use in small & medium-sized boats along with lightweight and improved acceleration of the new engines. The adoption of advanced technologies including low-pressure direct injection will offer fuel efficiency like a four-stroke engine.

Asia Pacific Market, By Fuel Type

Gasoline segment will exhibit over 7% CAGR through 2027. Steady innovations and advancements in gasoline outboard engine technology have enabled companies to offer engines with an extended range and power output options. It also features the first of its kind atomized fuel injection system, injecting fuel directly into the piston at a very high PSI of 2,900.

Asia Pacific Market, By Power

The low-powered segment will record a growth of 6.5% during the forecast timeline, owing to primary usage in recreational boating and fishing activities. Rising watersport occasions and the use of small-sized boats by youngsters are additionally supporting the market size.

Asia Pacific Market, By Ignition Type

Electric ignition type showcased around 70% volume share owing to the easy operations offered by these systems in boating. Electric ignition is gradually being adopted in low-power-driven boats to deliver a prompt start in all-weather circumstances.

Asia Pacific Market, By Applications

Asia Pacific Outboard Engines Market, By Shape

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In terms of recreational applications, outboard engines accounted for around 75% volume share in 2020, primarily due to the high economic growth and disposable incomes. Increasing demand for outboard engines can directly be conjugated with a surge in the sales of recreational boats.

Competitive Industry Landscape

The major Asia Pacific outboard engines industry players include Suzuki Marine, Honda Motor Co., Ltd., Yamaha Motor Co., Ltd., Mercury Marine, Inc., Powertec Group, LLC, Mudd Hog Mud Motors, Torqeedo GmbH, Powertrain, and Cox, among several others.

 

Frequently Asked Question(FAQ) :

The market size for outboard engines in APAC surpassed USD 1 billion in 2020 and is poised to grow at a healthy CAGR of more than 7.4% from 2021 through 2027 with increasing trend for water sports.
APAC two-stroke outboard engines segment is forecast to garner more than USD 635 million by 2027 owing to strong demand from small and medium-sized boats and enhanced acceleration of the new engines.
The gasoline outboard engine segment in the APAC market could expand at a healthy CAGR of more than 7% through 2027 due to advancements and innovations in technology to improve efficiency and power.
The electric ignition outboard engines segment captured around 70% volume share of the Asia Pacific market and is expected to grow with increasing demand from low-power-driven boats.
Major vendors such as Honda Motor Co., Yamaha Motor Co. Ltd., Mudd Hog Mud Motors and Mercury Marine, Inc., make the APAC market competitive.

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