What is Outboard Electric Motors Market Scope?
the outboard electric motor market is expected to grow in the future due to rising demand for fishing boats and water sports in developing countries. An outboard electric motor is a propulsion system for boats, consisting of engine, gearbox, and propeller or jet drive, designed to be affixed to the outside of the transom. They are the motorized method of propelling small watercraft.
The Outboard Electric Motors market study is being classified by Type (Outboard Electric Propulsion Motor and Outboard Electric Trolling Motor), by Application (Civil Entertainment, Municipal Application, Commercial Application and Other Application) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Outboard Electric Motors market throughout the predicted period.
Torqeedo GmbH (Germany), Minn Kota (United States), MotorGuide (United States), AquaWatt (Austria), CSM Tech (South Korea), Elco Motor Yachts (United States), Kräutler Elektromaschinen GmbH (Austria), Ray Electric Outboards (United States), Aquamot GmbH (Austria) and Suzhou Parsun Power Machine Co., Ltd.(China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Watersnake (United Kingdom), Newport Vessels (United States), Haswing (United States), Sevylor (United States) and Navigator (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Outboard Electric Motors market by Type, Application and Region.
On the basis of geography, the market of Outboard Electric Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Availability of Innovative Features such as LED Light Battery Indicator which Shows the Percentage Battery
Market Drivers
- Rising Demand for Fishing Boats in Developing Countries
- Increasing Recreational Activity Coupled With Significant Fishing Activity around the World
Opportunities
- Technology Advancement in Boat Drive System
- Growth in Marine Industry and Growing Usages of Water Transportation in Emerging Economies
Restraints
- Availability of Substitutes in the Market such as Gas Outboard Motor
Challenges
- Concern Related to the Malfunctioning of These Motors
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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