Global Electric Outboard Motors Market Growth 2023-2029

Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as “trolling motor” or “electric Outboard motor”. They are the most common motorized method of propelling small watercraft. As well as providing propulsion, outboards provide steering control, as they are designed to pivot over their mountings and thus control the direction of thrust. The skeg also acts as a rudder when the engine is not running. Unlike inboard motors, outboard motors can be easily removed for storage or repairs.

LPI (LP Information)' newest research report, the “Electric Outboard Motors Industry Forecast” looks at past sales and reviews total world Electric Outboard Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Outboard Motors sales for 2023 through 2029. With Electric Outboard Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Outboard Motors industry.

This Insight Report provides a comprehensive analysis of the global Electric Outboard Motors 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 Electric Outboard Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Outboard Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Outboard Motors 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 Electric Outboard Motors.

The global Electric Outboard Motors market size is projected to grow from US$ 129.6 million in 2022 to US$ 219 million in 2029; it is expected to grow at a CAGR of 219 from 2023 to 2029.

Global electric outboard motors key players include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, etc. Global top 2 manufacturers hold a share about 45%. Europe is the largest market, with a share about 40%, followed by United States, have a share over 26 percent.

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

Market Segmentation:
Segmentation by type
    Electric Outboard Propulsion Motors
    Electric Outboard Trolling Motors

Segmentation by application
    Civil Entertainment
    Municipal Application
    Commercial Application
    Other

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 analyzing the company's coverage, product portfolio, its market penetration.
    Minn Kota
    Torqeedo
    CSM Tech
    MotorGuide
    AquaWatt
    Suzhou Parsun Power Machine
    ePropulsion Technology
    Elco Motor Yachts
    Krautler Elektromaschinen
    Aquamot
    Ray Electric Outboards

Key Questions Addressed in this Report
What is the 10-year outlook for the global Electric Outboard Motors market?
What factors are driving Electric Outboard Motors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electric Outboard Motors market opportunities vary by end market size?
How does Electric Outboard Motors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Electric Outboard Motors Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Electric Outboard Motors Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Electric Outboard Propulsion Motors
    Table 4. Major Players of Electric Outboard Trolling Motors
    Table 5. Global Electric Outboard Motors Sales by Type (2018-2023) & (Units)
    Table 6. Global Electric Outboard Motors Sales Market Share by Type (2018-2023)
    Table 7. Global Electric Outboard Motors Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Electric Outboard Motors Revenue Market Share by Type (2018-2023)
    Table 9. Global Electric Outboard Motors Sale Price by Type (2018-2023) & (US$/Unit)
    Table 10. Global Electric Outboard Motors Sales by Application (2018-2023) & (Units)
    Table 11. Global Electric Outboard Motors Sales Market Share by Application (2018-2023)
    Table 12. Global Electric Outboard Motors Revenue by Application (2018-2023)
    Table 13. Global Electric Outboard Motors Revenue Market Share by Application (2018-2023)
    Table 14. Global Electric Outboard Motors Sale Price by Application (2018-2023) & (US$/Unit)
    Table 15. Global Electric Outboard Motors Sales by Company (2018-2023) & (Units)
    Table 16. Global Electric Outboard Motors Sales Market Share by Company (2018-2023)
    Table 17. Global Electric Outboard Motors Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Electric Outboard Motors Revenue Market Share by Company (2018-2023)
    Table 19. Global Electric Outboard Motors Sale Price by Company (2018-2023) & (US$/Unit)
    Table 20. Key Manufacturers Electric Outboard Motors Producing Area Distribution and Sales Area
    Table 21. Players Electric Outboard Motors Products Offered
    Table 22. Electric Outboard Motors Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Electric Outboard Motors Sales by Geographic Region (2018-2023) & (Units)
    Table 26. Global Electric Outboard Motors Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Electric Outboard Motors Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Electric Outboard Motors Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Electric Outboard Motors Sales by Country/Region (2018-2023) & (Units)
    Table 30. Global Electric Outboard Motors Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Electric Outboard Motors Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Electric Outboard Motors Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Electric Outboard Motors Sales by Country (2018-2023) & (Units)
    Table 34. Americas Electric Outboard Motors Sales Market Share by Country (2018-2023)
    Table 35. Americas Electric Outboard Motors Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Electric Outboard Motors Revenue Market Share by Country (2018-2023)
    Table 37. Americas Electric Outboard Motors Sales by Type (2018-2023) & (Units)
    Table 38. Americas Electric Outboard Motors Sales by Application (2018-2023) & (Units)
    Table 39. APAC Electric Outboard Motors Sales by Region (2018-2023) & (Units)
    Table 40. APAC Electric Outboard Motors Sales Market Share by Region (2018-2023)
    Table 41. APAC Electric Outboard Motors Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Electric Outboard Motors Revenue Market Share by Region (2018-2023)
    Table 43. APAC Electric Outboard Motors Sales by Type (2018-2023) & (Units)
    Table 44. APAC Electric Outboard Motors Sales by Application (2018-2023) & (Units)
    Table 45. Europe Electric Outboard Motors Sales by Country (2018-2023) & (Units)
    Table 46. Europe Electric Outboard Motors Sales Market Share by Country (2018-2023)
    Table 47. Europe Electric Outboard Motors Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Electric Outboard Motors Revenue Market Share by Country (2018-2023)
    Table 49. Europe Electric Outboard Motors Sales by Type (2018-2023) & (Units)
    Table 50. Europe Electric Outboard Motors Sales by Application (2018-2023) & (Units)
    Table 51. Middle East & Africa Electric Outboard Motors Sales by Country (2018-2023) & (Units)
    Table 52. Middle East & Africa Electric Outboard Motors Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Electric Outboard Motors Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Electric Outboard Motors Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Electric Outboard Motors Sales by Type (2018-2023) & (Units)
    Table 56. Middle East & Africa Electric Outboard Motors Sales by Application (2018-2023) & (Units)
    Table 57. Key Market Drivers & Growth Opportunities of Electric Outboard Motors
    Table 58. Key Market Challenges & Risks of Electric Outboard Motors
    Table 59. Key Industry Trends of Electric Outboard Motors
    Table 60. Electric Outboard Motors Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Electric Outboard Motors Distributors List
    Table 63. Electric Outboard Motors Customer List
    Table 64. Global Electric Outboard Motors Sales Forecast by Region (2024-2029) & (Units)
    Table 65. Global Electric Outboard Motors Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Electric Outboard Motors Sales Forecast by Country (2024-2029) & (Units)
    Table 67. Americas Electric Outboard Motors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Electric Outboard Motors Sales Forecast by Region (2024-2029) & (Units)
    Table 69. APAC Electric Outboard Motors Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Electric Outboard Motors Sales Forecast by Country (2024-2029) & (Units)
    Table 71. Europe Electric Outboard Motors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Electric Outboard Motors Sales Forecast by Country (2024-2029) & (Units)
    Table 73. Middle East & Africa Electric Outboard Motors Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Electric Outboard Motors Sales Forecast by Type (2024-2029) & (Units)
    Table 75. Global Electric Outboard Motors Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Electric Outboard Motors Sales Forecast by Application (2024-2029) & (Units)
    Table 77. Global Electric Outboard Motors Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Minn Kota Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 79. Minn Kota Electric Outboard Motors Product Portfolios and Specifications
    Table 80. Minn Kota Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 81. Minn Kota Main Business
    Table 82. Minn Kota Latest Developments
    Table 83. Torqeedo Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 84. Torqeedo Electric Outboard Motors Product Portfolios and Specifications
    Table 85. Torqeedo Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 86. Torqeedo Main Business
    Table 87. Torqeedo Latest Developments
    Table 88. CSM Tech Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 89. CSM Tech Electric Outboard Motors Product Portfolios and Specifications
    Table 90. CSM Tech Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 91. CSM Tech Main Business
    Table 92. CSM Tech Latest Developments
    Table 93. MotorGuide Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 94. MotorGuide Electric Outboard Motors Product Portfolios and Specifications
    Table 95. MotorGuide Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 96. MotorGuide Main Business
    Table 97. MotorGuide Latest Developments
    Table 98. AquaWatt Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 99. AquaWatt Electric Outboard Motors Product Portfolios and Specifications
    Table 100. AquaWatt Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 101. AquaWatt Main Business
    Table 102. AquaWatt Latest Developments
    Table 103. Suzhou Parsun Power Machine Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 104. Suzhou Parsun Power Machine Electric Outboard Motors Product Portfolios and Specifications
    Table 105. Suzhou Parsun Power Machine Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 106. Suzhou Parsun Power Machine Main Business
    Table 107. Suzhou Parsun Power Machine Latest Developments
    Table 108. ePropulsion Technology Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 109. ePropulsion Technology Electric Outboard Motors Product Portfolios and Specifications
    Table 110. ePropulsion Technology Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 111. ePropulsion Technology Main Business
    Table 112. ePropulsion Technology Latest Developments
    Table 113. Elco Motor Yachts Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 114. Elco Motor Yachts Electric Outboard Motors Product Portfolios and Specifications
    Table 115. Elco Motor Yachts Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 116. Elco Motor Yachts Main Business
    Table 117. Elco Motor Yachts Latest Developments
    Table 118. Krautler Elektromaschinen Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 119. Krautler Elektromaschinen Electric Outboard Motors Product Portfolios and Specifications
    Table 120. Krautler Elektromaschinen Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 121. Krautler Elektromaschinen Main Business
    Table 122. Krautler Elektromaschinen Latest Developments
    Table 123. Aquamot Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 124. Aquamot Electric Outboard Motors Product Portfolios and Specifications
    Table 125. Aquamot Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 126. Aquamot Main Business
    Table 127. Aquamot Latest Developments
    Table 128. Ray Electric Outboards Basic Information, Electric Outboard Motors Manufacturing Base, Sales Area and Its Competitors
    Table 129. Ray Electric Outboards Electric Outboard Motors Product Portfolios and Specifications
    Table 130. Ray Electric Outboards Electric Outboard Motors Sales (Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 131. Ray Electric Outboards Main Business
    Table 132. Ray Electric Outboards Latest Developments
List of Figures
    Figure 1. Picture of Electric Outboard Motors
    Figure 2. Electric Outboard Motors Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Electric Outboard Motors Sales Growth Rate 2018-2029 (Units)
    Figure 7. Global Electric Outboard Motors Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Electric Outboard Motors Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Electric Outboard Propulsion Motors
    Figure 10. Product Picture of Electric Outboard Trolling Motors
    Figure 11. Global Electric Outboard Motors Sales Market Share by Type in 2022
    Figure 12. Global Electric Outboard Motors Revenue Market Share by Type (2018-2023)
    Figure 13. Electric Outboard Motors Consumed in Civil Entertainment
    Figure 14. Global Electric Outboard Motors Market: Civil Entertainment (2018-2023) & (Units)
    Figure 15. Electric Outboard Motors Consumed in Municipal Application
    Figure 16. Global Electric Outboard Motors Market: Municipal Application (2018-2023) & (Units)
    Figure 17. Electric Outboard Motors Consumed in Commercial Application
    Figure 18. Global Electric Outboard Motors Market: Commercial Application (2018-2023) & (Units)
    Figure 19. Electric Outboard Motors Consumed in Other
    Figure 20. Global Electric Outboard Motors Market: Other (2018-2023) & (Units)
    Figure 21. Global Electric Outboard Motors Sales Market Share by Application (2022)
    Figure 22. Global Electric Outboard Motors Revenue Market Share by Application in 2022
    Figure 23. Electric Outboard Motors Sales Market by Company in 2022 (Units)
    Figure 24. Global Electric Outboard Motors Sales Market Share by Company in 2022
    Figure 25. Electric Outboard Motors Revenue Market by Company in 2022 ($ Million)
    Figure 26. Global Electric Outboard Motors Revenue Market Share by Company in 2022
    Figure 27. Global Electric Outboard Motors Sales Market Share by Geographic Region (2018-2023)
    Figure 28. Global Electric Outboard Motors Revenue Market Share by Geographic Region in 2022
    Figure 29. Americas Electric Outboard Motors Sales 2018-2023 (Units)
    Figure 30. Americas Electric Outboard Motors Revenue 2018-2023 ($ Millions)
    Figure 31. APAC Electric Outboard Motors Sales 2018-2023 (Units)
    Figure 32. APAC Electric Outboard Motors Revenue 2018-2023 ($ Millions)
    Figure 33. Europe Electric Outboard Motors Sales 2018-2023 (Units)
    Figure 34. Europe Electric Outboard Motors Revenue 2018-2023 ($ Millions)
    Figure 35. Middle East & Africa Electric Outboard Motors Sales 2018-2023 (Units)
    Figure 36. Middle East & Africa Electric Outboard Motors Revenue 2018-2023 ($ Millions)
    Figure 37. Americas Electric Outboard Motors Sales Market Share by Country in 2022
    Figure 38. Americas Electric Outboard Motors Revenue Market Share by Country in 2022
    Figure 39. Americas Electric Outboard Motors Sales Market Share by Type (2018-2023)
    Figure 40. Americas Electric Outboard Motors Sales Market Share by Application (2018-2023)
    Figure 41. United States Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Canada Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Mexico Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 44. Brazil Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 45. APAC Electric Outboard Motors Sales Market Share by Region in 2022
    Figure 46. APAC Electric Outboard Motors Revenue Market Share by Regions in 2022
    Figure 47. APAC Electric Outboard Motors Sales Market Share by Type (2018-2023)
    Figure 48. APAC Electric Outboard Motors Sales Market Share by Application (2018-2023)
    Figure 49. China Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Japan Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 51. South Korea Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Southeast Asia Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 53. India Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Australia Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 55. China Taiwan Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Europe Electric Outboard Motors Sales Market Share by Country in 2022
    Figure 57. Europe Electric Outboard Motors Revenue Market Share by Country in 2022
    Figure 58. Europe Electric Outboard Motors Sales Market Share by Type (2018-2023)
    Figure 59. Europe Electric Outboard Motors Sales Market Share by Application (2018-2023)
    Figure 60. Germany Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 61. France Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 62. UK Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Italy Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Russia Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 65. Middle East & Africa Electric Outboard Motors Sales Market Share by Country in 2022
    Figure 66. Middle East & Africa Electric Outboard Motors Revenue Market Share by Country in 2022
    Figure 67. Middle East & Africa Electric Outboard Motors Sales Market Share by Type (2018-2023)
    Figure 68. Middle East & Africa Electric Outboard Motors Sales Market Share by Application (2018-2023)
    Figure 69. Egypt Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 70. South Africa Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Israel Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Turkey Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 73. GCC Country Electric Outboard Motors Revenue Growth 2018-2023 ($ Millions)
    Figure 74. Manufacturing Cost Structure Analysis of Electric Outboard Motors in 2022
    Figure 75. Manufacturing Process Analysis of Electric Outboard Motors
    Figure 76. Industry Chain Structure of Electric Outboard Motors
    Figure 77. Channels of Distribution
    Figure 78. Global Electric Outboard Motors Sales Market Forecast by Region (2024-2029)
    Figure 79. Global Electric Outboard Motors Revenue Market Share Forecast by Region (2024-2029)
    Figure 80. Global Electric Outboard Motors Sales Market Share Forecast by Type (2024-2029)
    Figure 81. Global Electric Outboard Motors Revenue Market Share Forecast by Type (2024-2029)
    Figure 82. Global Electric Outboard Motors Sales Market Share Forecast by Application (2024-2029)
    Figure 83. Global Electric Outboard Motors Revenue Market Share Forecast by Application (2024-2029)

Minn Kota
Torqeedo
CSM Tech
MotorGuide
AquaWatt
Suzhou Parsun Power Machine
ePropulsion Technology
Elco Motor Yachts
Krautler Elektromaschinen
Aquamot
Ray Electric Outboards

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape