Marine Outboard Engines Market Growth Rate And Industry Price Till, 2020-2026 | COVID-19 Analysis

The market research report, entitled Marine Outboard Enginesshows good possibilities in the Marine Outboard Enginesmarket during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Marine Outboard EnginesMarket Forecast:

The global Marine Outboard Enginesmarket is forecasted to grow at a rate of 4.4% CAGR during the period of 2021-2026.  Marine Outboard EnginesMarket will be experiencing an escalation in demand attributed to the growing usage of Marine Outboard Enginesin the market. The XYZ market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.

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Some linchpins in the market are

BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments

Marine Outboard EnginesMarket Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Marine Outboard Enginesmarket segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

  • Yamaha Motor Co. Ltd.
  • Brunswick Corporation (Mercury Marine)
  • Suzuki Motor Corporation
  • Honda Motor Co. Inc.
  • Bombardier Recreational Products Inc.
  • Tohatsu Corporation
  • AB Volvo
  • Suzhou Parsun Power Machine Co., Ltd.
  • Hidea Power Machinery Co., Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Marine Outboard Engines Market

value and growth drivers over the trend period of 2021-26. According to the report –

Outboard engines are the brightest stars of the marine industry as they represent the lion’s share of the marine engines market for the global recreational boating industry. In the USA itself, which is the biggest market for recreational boats, outboard engines account for more than 85% share of the total marine engines sold in the country. The history of marine outboard engines can be seen back in the early ’90s and have come along a long path of more than 100 years.

Segment Analysis:

Based on by Engine Power Type:

Stratview has firstly segmented the marine outboard engines market based on the engine power type as <75kW, 75-110 kW, 110-150 kW, and >150 kW. <75kW engine power segment is likely to remain dominant in terms of unit shipments by 2025. However, the segment is likely to losing away its share to the mid-range and high-power segments, majorly in the USA and some key Western European countries. Japan, China, Russia, and Germany are some key countries with the highest penetration of low-power engines.

Based on Regional:

The North American market is also estimated to register huge losses due to the pandemic. Despite severely hit region, the region is projected to remain the largest market for marine outboard engines during the forecast period. The USA is the world’s largest market for both outboard engines as well as recreational boats, with Florida being the largest single market. All the major players have a strong presence in the region to tap the huge market.

 

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COVID-19 IMPACT Analysis on Marine Outboard EnginesMarket

Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of XYZ market have seen immense fluctuations in the year 2021. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2021 for the XYZ market players as the greater part of the organizations have continued their activities and the interest is getting reestablished for them.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.

Regional Analysis

The assessment of the pandemic reveals an enormous transformation in both short, as well as long-term regional business. With some barriers along the road, the Marine Outboard Enginesmarket stakeholders hope to regain stability in 2021, with flourishing demand and a hassle-free market environment. In terms of region, North America and Russia held the major chunk of the market in and before 2021. Despite several setbacks and the pandemic’s impact, the regions having the presence of key players, are likely to maintain their dominance in the upcoming years. According to the report, North America. region is expected to handle the crisis most efficiently, growing at the highest rate during the five-year tenure and is expected to become the next potential manufacturing hub.

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Ritesh Gandecha

Stratview Research

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Direct: +1-313-307-4176

About Stratview Research

Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.

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