Lucintel Forecasts The Global Electric Outboard Motor Market To Reach $681 Million By 2035

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global electric outboard motor market looks promising with opportunities in the municipal and commercial markets. The global electric outboard motor market is expected to reach an estimated $681 million by 2035 with a CAGR of 7.1% from 2025 to 2035. The major drivers for this market are the increasing demand for clean & green marine transport, the growing demand for environmental regulations on marine emissions, and the rising adoption of sustainable tourism & water sports.
A more than 150-page report to understand trends, opportunity and forecast in global electric outboard motor market to 2035 by type (propulsion motor and trolling motor), power output (under 25 hp, 25hp-50 hp, and more than 50 hp), end use (municipal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, trolling motor is expected to witness higher growth over the forecast period.
Within the end use category, commercial is expected to witness higher growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Minn Kota, Torqeedo, MotorGuide, CSM Tech, AquaWatt, Haibo, Propulsion Technology, Suzhou Parsun Power Machine, Elco Motor Yachts, Krautler Elektromaschinen are the major suppliers in the electric outboard motor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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