Recreational boats Market Size, Share, Trends Report 2032

The Outboard Boats Global Market Report 2023, provides comprehensive information on the outboard boats market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global outboard boat market size is expected to grow from $5.29 billion in 2022 to $5.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global outboard boat market size is expected to reach $8.06 billion in 2027 at a CAGR of 8.6%.

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Implementation of advanced technologies is a key trend gaining popularity in the outboard boat market. Major companies operating in the outboard boat market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2021, Yamaha Motor Co., Ltd., a Japan-based manufacturer of motorcycles and marine equipment, launched HARMO, a vessel equipped with a novel method of boat maneuvering as well as an electronic propulsion system and steering control system. HARMO is a “next-generation boat-maneuvering system platform” that includes an electric motor-powered propulsion device, a remote control box, and a joystick for easier operation developed with the intention of offering a smart package boat that provides passengers with more luxury because of the distinctive quietness of electric motors.

The outboard boats market is segmented:

1) By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats

2) By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity

3) By End User: Fishing, Water Taxi, Transportation, Hospitality Business

North America was the largest region in the outboard boats market in 2022.

The table of contents in TBRC’s outboard boats market report includes:

1. Executive Summary
2. Outboard Boats Market Characteristics
3. Outboard Boats Market Trends And Strategies
4. Outboard Boats Market – Macro Economic Scenario
5. Outboard Boats Market Size And Growth

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26. Africa Outboard Boats Market
27. Outboard Boats Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Outboard Boats Market
29. Outboard Boats Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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