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Outboard Engine Market Share

Report ID: GMI4386
Published Date: Feb 2024
Report Format: PDF

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Outboard Engine Market Share

Global Company Market Share Analysis, 2023

Outboard engine industry seems to be highly fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant companies collectively held around substantial 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Outboard Engine Market Companies

Major companies operating in the outboard engine industry include:

Camfil
Cox Powertrain
Elco Motor Yachts
Evinrude
Honda Motor Co., Ltd
LEHR LLC
Mercury Marine, Inc
Mudd Hog Mud Motors, LLC
Powertec Group
Suzuki Marine
Tohatsu Corporation
Torqeedo GmbH
Volvo Penta
Yamaha Motor Co., Ltd
YANMAR Co., Ltd

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of outboard engine reached USD 10 billion in 2023 and is set to witness 5.5% CAGR from 2024 to 2032, led by rising recreational boating activities attributed to the strong economic growth.

Gasoline segment held the dominant market share of 81% in 2023, owing to the versatility and wide availability of diesel based outboard engines

North America market held a revenue share of 55% in 2023, driven by the regional consumer’s love for boating and the desire for reliable & efficient propulsion systems.

Camfil, Cox Powertrain, Elco Motor Yachts, Evinrude, Honda Motor Co., Ltd, LEHR LLC, Mercury Marine, Inc, Mudd Hog Mud Motors, LLC, and Powertec Group are some of the major industry contenders.