The Business Research Company’s Inboard Engines Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Inboard Engines Global Market Report 2023 evaluates inboard engines market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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1) By Power Source: Diesel, Electric, Gasoline, Other Power Sources
2) By Power: Low, Medium, High
3) By Ignition: Electric, Manual
4) By Engine: IC Engine, Electric Engine
5) By Application: Commercial, Boating, Others Applications
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The inboard engines market segments in the report are:
The global inboard engines market is expected to grow from $1.21 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The inboard engines market is expected to reach $1.75 billion in 2027 at a CAGR of 7.4%.
Increasing recreational boating activities are expected to propel the growth of the inboard engine market going forward. Recreational activities refer to sports or other leisure activities on or in bodies of water. Inboard Engines play a crucial role in various water recreational activities, providing power and propulsion for boats and watercraft. For instance, in May 2023, according to the National Marine Manufacturers Association, a US-based trade association, recreational boating saw a 36% increase in annual economic activity to $230 billion in 2023. Further, there was a 14% increase in jobs associated with the recreational maritime industry to 812,000 in 2023. Therefore, increasing recreational boating activities are driving the growth of the inboard engine market.
The table of contents in TBRC’s inboard engines market report includes:
- Executive Summary
- Inboard Engines Market Characteristics
- Inboard Engines Market Trends And Strategies
- Inboard Engines Market – Macro Economic Scenario
- Inboard Engines Market Segmentation.
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- Global Inboard Engines Market Competitive Benchmarking
- Global Inboard Engines Market Competitive Dashboard
- Key Mergers And Acquisitions In The Inboard Engines Market
- Inboard Engines Market Future Outlook and Potential Analysis
- Appendix
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