Outboard Motor Market - Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||946136|
|出版日期||內容資訊||英文 90 Pages
|舷外發動機市場增長，趨勢，預測（2020-2025） Outboard Motor Market - Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年06月01日||內容資訊: 英文 90 Pages||
The Outboard Motor market*is anticipated to register a CAGR of about 3%, during the forecast period (2020 - 2025).
Recreation Boating is Expected to Drive Growth During the Forecast Period
Recreational boating continues to entice large volumes of participants, particularly in the US. According to a leading trade association the recreational boating industry enjoyed its seventh successive growth year in 2018, with yearly US sales of marine products and services, and boats recording a*5%*growth over 2017. Many people around the worlds are spending more on tourism and adventure sports and recreational activities around the world that is because of the increase in per capita income of people around the world.
North America is Expected to be the Market Leader
North America holds significant share of globaloutboard motor sales. The increasing income levels and inclination of the people towards recreational and leisure activities is more than any other parts of the world. The USA is the largest single market for outboard engines, with sales of higher-powered outboards (200hp+) growing annually for the last seven years. Total outboard sales across the nation reached a 12-year high in 2018 according to the National Marine Manufacturers' Association (NMMA), while the International Council of Marine Industry Associations (ICOMIA) reports that 88% of all marine engines sold in the US are now outboards.
About 35% of the total population of the United states takes part in recreational boat activities. Due to the growing stress management program and health awareness among individuals, more and more people are participating in water sports activities for relaxation. The coastline is also very big which transpires to number of beaches and consequently creating more opportunities for the sale of outboard motors.
The Outboard Motors market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the Outboard Motors market are Honda Motors Co. Ltd.,Tohatsu Corporation, Suzuki Motor Corporation, Yamaha Motor Co, LEHR LLC and others. In*2018,*Suzuki Motor Corporation unveiled all-new large outboard motors DF150A and DF175A at the Genoa Boat Show held in Genoa, Italy. Honda Marine recently debuted improved, redesigned BF225, BF200, and BF250 v6 outboard motors at the 2018 Miami International Boat Show.