The global Outboard Engines market size is predicted to grow from US$ 5065 million in 2025 to US$ 6098 million in 2031; it is expected to grow at a CAGR of 3.1% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

The Outboard Engine industry can be broken down into two segments, Fuel-Oil Outboard Engine, Electric Outboard Engine. Outboard Engine is a detachable propulsion system for boats installed outside of the hull (ship), consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom. With features of simple structure, light weight, easy disassembly and operation, low noise, it is suitable for use in the river, lakes and coastal waters.

Internal combustion outboard engines dominate the global market, accounting for approximately 96% of the market share. These engines are prevalent in various applications, including recreational boats, commercial vessels, and fishing boats. Electric outboard engines, while emerging, are gaining traction due to advancements in battery technology and increasing environmental awareness.

Recreational Boats accounting for approximately 45% of the global market share. This segment includes fishing boats, yachts, and personal watercraft.

Regional Market

North America: The largest consumer market, accounting for about 40% of global revenue. The U.S. leads in both production and consumption, driven by a strong recreational boating culture and commercial maritime activities.

Asia-Pacific: A rapidly growing market, especially in countries like China, Japan, and India, due to expanding coastal tourism and fishing industries.

Europe: Notable for its emphasis on environmental sustainability, with increasing adoption of electric outboard engines in countries like Norway and the Netherlands.

Market Drivers

Growth in Recreational Boating

The rise in leisure activities such as fishing, water sports, and cruising has significantly increased the demand for outboard motors. The National Marine Manufacturers Association (NMMA) reported that U.S. recreational boating sales reached approximately $59.3 billion in 2022, with over 85 million Americans participating in boating activities annually.

Environmental Regulations

Stricter emission standards and environmental regulations are pushing the industry towards cleaner propulsion technologies. Electric outboard engines, which produce zero emissions, are becoming more appealing to environmentally conscious consumers and regulatory agencies.

Technological Advancements

Advancements in battery technology, particularly lithium-ion batteries, have improved the performance and affordability of electric outboard engines. These innovations are making electric propulsion systems more practical for various uses, including commercial and recreational boating.

Government Incentives

Several governments are offering subsidies, tax breaks, and rebates to encourage the adoption of electric outboard motors. These financial incentives are playing a significant role in accelerating the transition to cleaner marine propulsion systems.

Market Restraints

High Initial Costs

Electric outboard motors generally have higher upfront costs compared to their internal combustion counterparts. The expense of advanced battery systems and electric propulsion technology can be a barrier for price-sensitive consumers.

Limited Range and Power

While electric outboard engines are suitable for short-distance travel, their range and power output are currently limited compared to internal combustion engines. This limitation restricts their use in long-distance and high-power applications.

Charging Infrastructure

The availability of charging stations for electric outboard motors is still limited, especially in remote or rural areas. The lack of widespread charging infrastructure can hinder the adoption of electric propulsion systems.

Consumer Awareness

There is a need for increased consumer education regarding the benefits and capabilities of electric outboard engines. Misconceptions about performance and reliability can deter potential buyers.

Conclusion

The outboard motor market is experiencing significant growth, driven by advancements in technology, environmental regulations, and changing consumer preferences. While internal combustion engines currently dominate the market, electric and hybrid propulsion systems are gaining traction and are expected to play a larger role in the future. Manufacturers need to focus on innovation, sustainability, and consumer education to capitalize on these emerging trends and meet the evolving demands of the market.

LP Information, Inc. (LPI) ' newest research report, the “Outboard Engines Industry Forecast” looks at past sales and reviews total world Outboard Engines sales in 2024, providing a comprehensive analysis by region and market sector of projected Outboard Engines sales for 2025 through 2031. With Outboard Engines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Outboard Engines industry.

This Insight Report provides a comprehensive analysis of the global Outboard Engines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Outboard Engines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Outboard Engines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Outboard Engines and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Outboard Engines.

This report presents a comprehensive overview, market shares, and growth opportunities of Outboard Engines market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Internal Combustion Outboard Engines

    Electric Outboard Engines

Segmentation by Application:

    Personal Boat

    Commercial Boat

    Government Enforcement Boat

This report also splits the market by region:

    Americas

    United States

    Canada

    Mexico

    Brazil

    APAC

    China

    Japan

    Korea

    Southeast Asia

    India

    Australia

    Europe

    Germany

    France

    UK

    Italy

    Russia

    Middle East & Africa

    Egypt

    South Africa

    Israel

    Turkey

    GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    Mercury Marine

    Yamaha

    Suzuki

    Honda

    Evinrude Outboard Motors

    Tohatsu

    Torqeedo

    ePropulsion Technology

    Minn Kota

    ACEL Power Inc

    AquaWatt

    Elco Motor Yachts

    CSM Tech

    Haibo

    Evoy AS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Outboard Engines market?

What factors are driving Outboard Engines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Outboard Engines market opportunities vary by end market size?

How does Outboard Engines break out by Type, by Application?

1 Scope of the Report
    1.1 Market Introduction
    1.2 Years Considered
    1.3 Research Objectives
    1.4 Market Research Methodology
    1.5 Research Process and Data Source
    1.6 Economic Indicators
    1.7 Currency Considered
    1.8 Market Estimation Caveats

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Outboard Engines Annual Sales 2020-2031
        2.1.2 World Current & Future Analysis for Outboard Engines by Geographic Region, 2020, 2024 & 2031
        2.1.3 World Current & Future Analysis for Outboard Engines by Country/Region, 2020, 2024 & 2031
    2.2 Outboard Engines Segment by Type
        2.2.1 Internal Combustion Outboard Engines
        2.2.2 Electric Outboard Engines
    2.3 Outboard Engines Sales by Type
        2.3.1 Global Outboard Engines Sales Market Share by Type (2020-2025)
        2.3.2 Global Outboard Engines Revenue and Market Share by Type (2020-2025)
        2.3.3 Global Outboard Engines Sale Price by Type (2020-2025)
    2.4 Outboard Engines Segment by Application
        2.4.1 Personal Boat
        2.4.2 Commercial Boat
        2.4.3 Government Enforcement Boat
    2.5 Outboard Engines Sales by Application
        2.5.1 Global Outboard Engines Sale Market Share by Application (2020-2025)
        2.5.2 Global Outboard Engines Revenue and Market Share by Application (2020-2025)
        2.5.3 Global Outboard Engines Sale Price by Application (2020-2025)

3 Global by Company
    3.1 Global Outboard Engines Breakdown Data by Company
        3.1.1 Global Outboard Engines Annual Sales by Company (2020-2025)
        3.1.2 Global Outboard Engines Sales Market Share by Company (2020-2025)
    3.2 Global Outboard Engines Annual Revenue by Company (2020-2025)
        3.2.1 Global Outboard Engines Revenue by Company (2020-2025)
        3.2.2 Global Outboard Engines Revenue Market Share by Company (2020-2025)
    3.3 Global Outboard Engines Sale Price by Company
    3.4 Key Manufacturers Outboard Engines Producing Area Distribution, Sales Area, Product Type
        3.4.1 Key Manufacturers Outboard Engines Product Location Distribution
        3.4.2 Players Outboard Engines Products Offered
    3.5 Market Concentration Rate Analysis
        3.5.1 Competition Landscape Analysis
        3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
    3.6 New Products and Potential Entrants
    3.7 Market M&A Activity & Strategy

4 World Historic Review for Outboard Engines by Geographic Region
    4.1 World Historic Outboard Engines Market Size by Geographic Region (2020-2025)
        4.1.1 Global Outboard Engines Annual Sales by Geographic Region (2020-2025)
        4.1.2 Global Outboard Engines Annual Revenue by Geographic Region (2020-2025)
    4.2 World Historic Outboard Engines Market Size by Country/Region (2020-2025)
        4.2.1 Global Outboard Engines Annual Sales by Country/Region (2020-2025)
        4.2.2 Global Outboard Engines Annual Revenue by Country/Region (2020-2025)
    4.3 Americas Outboard Engines Sales Growth
    4.4 APAC Outboard Engines Sales Growth
    4.5 Europe Outboard Engines Sales Growth
    4.6 Middle East & Africa Outboard Engines Sales Growth

5 Americas
    5.1 Americas Outboard Engines Sales by Country
        5.1.1 Americas Outboard Engines Sales by Country (2020-2025)
        5.1.2 Americas Outboard Engines Revenue by Country (2020-2025)
    5.2 Americas Outboard Engines Sales by Type (2020-2025)
    5.3 Americas Outboard Engines Sales by Application (2020-2025)
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Brazil

6 APAC
    6.1 APAC Outboard Engines Sales by Region
        6.1.1 APAC Outboard Engines Sales by Region (2020-2025)
        6.1.2 APAC Outboard Engines Revenue by Region (2020-2025)
    6.2 APAC Outboard Engines Sales by Type (2020-2025)
    6.3 APAC Outboard Engines Sales by Application (2020-2025)
    6.4 China
    6.5 Japan
    6.6 South Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia
    6.10 China Taiwan

7 Europe
    7.1 Europe Outboard Engines by Country
        7.1.1 Europe Outboard Engines Sales by Country (2020-2025)
        7.1.2 Europe Outboard Engines Revenue by Country (2020-2025)
    7.2 Europe Outboard Engines Sales by Type (2020-2025)
    7.3 Europe Outboard Engines Sales by Application (2020-2025)
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia

8 Middle East & Africa
    8.1 Middle East & Africa Outboard Engines by Country
        8.1.1 Middle East & Africa Outboard Engines Sales by Country (2020-2025)
        8.1.2 Middle East & Africa Outboard Engines Revenue by Country (2020-2025)
    8.2 Middle East & Africa Outboard Engines Sales by Type (2020-2025)
    8.3 Middle East & Africa Outboard Engines Sales by Application (2020-2025)
    8.4 Egypt
    8.5 South Africa
    8.6 Israel
    8.7 Turkey
    8.8 GCC Countries

9 Market Drivers, Challenges and Trends
    9.1 Market Drivers & Growth Opportunities
    9.2 Market Challenges & Risks
    9.3 Industry Trends

10 Manufacturing Cost Structure Analysis
    10.1 Raw Material and Suppliers
    10.2 Manufacturing Cost Structure Analysis of Outboard Engines
    10.3 Manufacturing Process Analysis of Outboard Engines
    10.4 Industry Chain Structure of Outboard Engines

11 Marketing, Distributors and Customer
    11.1 Sales Channel
        11.1.1 Direct Channels
        11.1.2 Indirect Channels
    11.2 Outboard Engines Distributors
    11.3 Outboard Engines Customer

12 World Forecast Review for Outboard Engines by Geographic Region
    12.1 Global Outboard Engines Market Size Forecast by Region
        12.1.1 Global Outboard Engines Forecast by Region (2026-2031)
        12.1.2 Global Outboard Engines Annual Revenue Forecast by Region (2026-2031)
    12.2 Americas Forecast by Country (2026-2031)
    12.3 APAC Forecast by Region (2026-2031)
    12.4 Europe Forecast by Country (2026-2031)
    12.5 Middle East & Africa Forecast by Country (2026-2031)
    12.6 Global Outboard Engines Forecast by Type (2026-2031)
    12.7 Global Outboard Engines Forecast by Application (2026-2031)

13 Key Players Analysis
    13.1 Mercury Marine
        13.1.1 Mercury Marine Company Information
        13.1.2 Mercury Marine Outboard Engines Product Portfolios and Specifications
        13.1.3 Mercury Marine Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.1.4 Mercury Marine Main Business Overview
        13.1.5 Mercury Marine Latest Developments
    13.2 Yamaha
        13.2.1 Yamaha Company Information
        13.2.2 Yamaha Outboard Engines Product Portfolios and Specifications
        13.2.3 Yamaha Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.2.4 Yamaha Main Business Overview
        13.2.5 Yamaha Latest Developments
    13.3 Suzuki
        13.3.1 Suzuki Company Information
        13.3.2 Suzuki Outboard Engines Product Portfolios and Specifications
        13.3.3 Suzuki Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.3.4 Suzuki Main Business Overview
        13.3.5 Suzuki Latest Developments
    13.4 Honda
        13.4.1 Honda Company Information
        13.4.2 Honda Outboard Engines Product Portfolios and Specifications
        13.4.3 Honda Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.4.4 Honda Main Business Overview
        13.4.5 Honda Latest Developments
    13.5 Evinrude Outboard Motors
        13.5.1 Evinrude Outboard Motors Company Information
        13.5.2 Evinrude Outboard Motors Outboard Engines Product Portfolios and Specifications
        13.5.3 Evinrude Outboard Motors Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.5.4 Evinrude Outboard Motors Main Business Overview
        13.5.5 Evinrude Outboard Motors Latest Developments
    13.6 Tohatsu
        13.6.1 Tohatsu Company Information
        13.6.2 Tohatsu Outboard Engines Product Portfolios and Specifications
        13.6.3 Tohatsu Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.6.4 Tohatsu Main Business Overview
        13.6.5 Tohatsu Latest Developments
    13.7 Torqeedo
        13.7.1 Torqeedo Company Information
        13.7.2 Torqeedo Outboard Engines Product Portfolios and Specifications
        13.7.3 Torqeedo Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.7.4 Torqeedo Main Business Overview
        13.7.5 Torqeedo Latest Developments
    13.8 ePropulsion Technology
        13.8.1 ePropulsion Technology Company Information
        13.8.2 ePropulsion Technology Outboard Engines Product Portfolios and Specifications
        13.8.3 ePropulsion Technology Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.8.4 ePropulsion Technology Main Business Overview
        13.8.5 ePropulsion Technology Latest Developments
    13.9 Minn Kota
        13.9.1 Minn Kota Company Information
        13.9.2 Minn Kota Outboard Engines Product Portfolios and Specifications
        13.9.3 Minn Kota Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.9.4 Minn Kota Main Business Overview
        13.9.5 Minn Kota Latest Developments
    13.10 ACEL Power Inc
        13.10.1 ACEL Power Inc Company Information
        13.10.2 ACEL Power Inc Outboard Engines Product Portfolios and Specifications
        13.10.3 ACEL Power Inc Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.10.4 ACEL Power Inc Main Business Overview
        13.10.5 ACEL Power Inc Latest Developments
    13.11 AquaWatt
        13.11.1 AquaWatt Company Information
        13.11.2 AquaWatt Outboard Engines Product Portfolios and Specifications
        13.11.3 AquaWatt Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.11.4 AquaWatt Main Business Overview
        13.11.5 AquaWatt Latest Developments
    13.12 Elco Motor Yachts
        13.12.1 Elco Motor Yachts Company Information
        13.12.2 Elco Motor Yachts Outboard Engines Product Portfolios and Specifications
        13.12.3 Elco Motor Yachts Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.12.4 Elco Motor Yachts Main Business Overview
        13.12.5 Elco Motor Yachts Latest Developments
    13.13 CSM Tech
        13.13.1 CSM Tech Company Information
        13.13.2 CSM Tech Outboard Engines Product Portfolios and Specifications
        13.13.3 CSM Tech Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.13.4 CSM Tech Main Business Overview
        13.13.5 CSM Tech Latest Developments
    13.14 Haibo
        13.14.1 Haibo Company Information
        13.14.2 Haibo Outboard Engines Product Portfolios and Specifications
        13.14.3 Haibo Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.14.4 Haibo Main Business Overview
        13.14.5 Haibo Latest Developments
    13.15 Evoy AS
        13.15.1 Evoy AS Company Information
        13.15.2 Evoy AS Outboard Engines Product Portfolios and Specifications
        13.15.3 Evoy AS Outboard Engines Sales, Revenue, Price and Gross Margin (2020-2025)
        13.15.4 Evoy AS Main Business Overview
        13.15.5 Evoy AS Latest Developments

14 Research Findings and Conclusion