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Inboard Engines Market Size
- Report ID: GMI5446
- Published Date: May 2024
- Report Format: PDF
Inboard Engines Market Size
Inboard Engines Market was valued at around USD 1.5 billion in 2023 and is estimated to register a CAGR of around 6.4% between 2024 and 2032.
The need for inboard engines is being driven by the growing popularity of recreational boating activities including fishing, watersports, and cruising, particularly in areas with many water bodies and a strong maritime culture. Further, consumer expenditure on leisure activities, such as recreational boating, is driven by economic prosperity and rising levels of disposable income in emerging nations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Inboard Engines Market Size in 2023: | USD 1.5 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.4% |
| 2032 Value Projection: | USD 2.6 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 410 |
| Tables, Charts & Figures: | 490 |
| Segments covered: | Product type, Power, Ignition, Engine, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The installation of inboard engines can be labor-intensive and complex, requiring specialized equipment and trained specialists, and can lead to increased time and expenses. The demand for inboard engines is hampered since they need routine maintenance, such as oil changes, winterization, and servicing, which can result in extra expenses for boat owners over the product’s lifetime.
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Inboard Engines Market Scope
