Outboard Boats Market Demand, Growth Prediction, Segments And Outlook By 2033

Overview and Scope
The outboard boat refers to a boat that is powered by outboard motors. These boats are designed to have the engine mounted on the transom, or back, of the boat, and can range in size from small fishing boats to large yachts.

Sizing and Forecast
The outboard boats market size has grown strongly in recent years. It will grow from $5.74 billion in 2023 to $6.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%.  The  growth in the historic period can be attributed to consumer preferences, boating regulations, environmental concerns, boating infrastructure, cultural shifts..

The outboard boats market size is expected to see strong growth in the next few years. It will grow to $8.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.  The growth in the forecast period can be attributed to safety features integration, rising disposable income, online sales channels, electric propulsion adoption, boating tourism.. Major trends in the forecast period include hybrid and electric propulsion, modular and customizable design, autonomous and assisted navigation, luxury and high-performance segments, enhanced connectivity..

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Segmentation & Regional Insights
The outboard boats market covered in this report is segmented –
1) By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
2) By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
3) By End User: Fishing, Water Taxi, Transportation, Hospitality Business

North America was the largest region in the outboard boat market in 2023. Asia-Pacific is expected to be the fastest-growing region in the outboard boat market report during the forecast period. The regions covered in the outboard boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increase in the demand for recreational activities is expected to propel the growth of the outboard boat market going forward. Recreational activity refers to any indoor or outdoor activity performed during leisure time for exercise, relaxation, and pleasure. Outboard boats are becoming increasingly popular among aquatic sports and recreational enthusiasts due to their versatility, simplicity of use, and affordability. For instance, in 2023, according to the Outdoor Foundation, a US-based association, in 2022, the number of participants in outdoor recreation increased by 2.3%, reaching a new high of 168.1 million individuals, constituting 55% of the U.S. population aged six and above. Therefore, the increase in the demand for recreational activities is driving the growth of the outboard boat market.

Key Industry Players
Major companies operating in the outboard boats market are focused on providing innovative series equipped with hybrid propulsion systems to provide eco-friendly boating solutions. A hybrid propulsion system is a powertrain technology that combines two or more distinct sources of power to propel a vehicle or vessel. For instance, in October 2021, Ribcraft Middle East, a UAE-based manufacturer of professional rigid inflatable boats, launched a new series of rigid inflatable boats (RIB) featuring hybrid propulsion. Each nine-meter boat in the series comes with a fully enclosed wheelhouse and is powered by two Volvo Penta D4-270A diesel inboards and a Transfluid HM650 hybrid module with self-charging batteries. The hybrid RIBs can achieve a top speed of 42 knots and operate in fully electric mode at six knots for reduced noise and emissions.

The outboard boats market report table of contents includes:
1. Executive Summary
2. Outboard Boats Market Characteristics
3. Outboard Boats Market Trends And Strategies
4. Outboard Boats Market - Macro Economic Scenario
5. Global Outboard Boats Market Size and Growth
....

31. Global Outboard Boats Market Competitive Benchmarking
32. Global Outboard Boats Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Outboard Boats Market
34. Outboard Boats Market Future Outlook and Potential Analysis
35. Appendix

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