Outboard Electric Motors Market 2019-2024
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”, is generally used on very small craft or on small lakes where gasoline motor is prohibited or used as a secondary means of propulsion on larger craft, and can also be used as repositioning thrusters while fishing.
Compared with gas outboard motor market, outboard electric motor market is much smaller and under development. There are two types of outboard electric motor available in the market, which includes outboard electric propulsion motor and outboard electric trolling motor. Currently outboard electric trolling motor accounts for the main market share based on volume; this type of motor is small and cheap. Gas outboard motor can provide higher power and are suitable for heavy duty application. Electric outboard motor are environmentally friendly and much more silent at operating, thus they are more suitable to be used in some applications and are becoming more and more popular worldwide.
Get a Free Sample Copy of this Report @ https://www.planetmarketreports.com/report-sample/outboard-electric-motors-market-2019-2024
Worldwide, there are about thirty manufacturers of outboard electric motor currently; and there are more than forty brands of outboard electric motor available in market. Some of these manufacturers are specialized in the production of outboard electric propulsion motor, and some of them are specialized in the production of outboard electric trolling motor. Some manufacturers have raw materials or cost advantages, and some of them have technology or marketing advantages.
As the market of outboard electric motor is growing rapidly and there is considerable market potential, it is forecasted that more and more enterprises will enter the market with different advantages and disadvantages. And the market is believed to be fiercer.
According to this study, over the next five years the Outboard Electric Motors market will register a 11.1% CAGR in terms of revenue, the global market size will reach US$ 120 million by 2024, from US$ 63 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Outboard Electric Motors business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Outboard Electric Motors market by product type, application, key manufacturers and key regions and countries.
This study considers the Outboard Electric Motors value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Outboard Electric Propulsion Motor
Outboard Electric Trolling Motor
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Civil Entertainment
Municipal Application
Commercial Application
Other Application
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Get More Information about this Report and TOC @ https://www.planetmarketreports.com/reports/outboard-electric-motors-market-2019-2024
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Torqeedo
Minn Kota
MotorGuide
AquaWatt
CSM Tech
Elco Motor Yachts
Krautler Elektromaschinen
Ray Electric Outboards
Aquamot
Suzhou Parsun Power Machine
ePropulsion Technology
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Outboard Electric Motors consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Outboard Electric Motors market by identifying its various subsegments.
Focuses on the key global Outboard Electric Motors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Outboard Electric Motors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Outboard Electric Motors submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of this Report can be done as per client’s requirement.