Electric Outboard Motors Market

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.

Electric Outboard Motors Market contains market size and forecasts of Electric Outboard Motors in global, including the following market information:

Global Electric Outboard Motors Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Electric Outboard Motors Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Electric Outboard Motors companies in 2021 (%)

The global Electric Outboard Motors market was valued at 136.3 million in 2021 and is projected to reach US$ 221.5 million by 2028, at a CAGR of 7.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

by Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electric Outboard Motors include Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, Haibo, Epropulsion Technology, Suzhou Parsun Power Machine and Elco Motor Yachts, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Outboard Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electric Outboard Motors Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Outboard Motors Market Segment Percentages, by Type, 2021 (%)

by Type

Outboard Electric Propulsion Motor

Outboard Electric Trolling Motor

by Power

Below 25kW

25kW-50kW

50-150kW

Global Electric Outboard Motors Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Outboard Motors Market Segment Percentages, by Application, 2021 (%)

Civil Entertainment

Municipal Application

Commercial Application

Other

Global Electric Outboard Motors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Electric Outboard Motors Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Electric Outboard Motors revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Electric Outboard Motors revenues share in global market, 2021 (%)

Key companies Electric Outboard Motors sales in global market, 2017-2022 (Estimated), (Units)

Key companies Electric Outboard Motors sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Minn Kota

Torqeedo

MotorGuide

CSM Tech

AquaWatt

Haibo

Epropulsion Technology

Suzhou Parsun Power Machine

Elco Motor Yachts

Krautler Elektromaschinen

Aquamot

Ray Electric Outboards