Top Outboard Motor Companies and Leaders by Market Share
This report provides a comprehensive
analysis of the top companies in the Outboard Motor market, their market share, and the competitive
landscape. It includes global and regional market
size data, market dynamics, company profiles
by technology and products, company financials,
strategic moves, and market competitiveness.
The forecast period covered in this report is
from 2023 to 2030.
In 2023, the global
Outboard Motor market was valued at approximately
$8.6 billion, with
an expected CAGR of 4.2% over the forecast period.
Market Leaders & Key Players
Honda Marine
Honda Marine specializes in innovative outboard engines, delivering unmatched performance and reliability. With a commitment to sustainability, Honda's advanced technologies provide environmentally friendly solutions for recreational and commercial boating.
Yamaha Motor Corporation
Yamaha Motor Corporation is a global leader in marine propulsion systems, including outboard engines and personal watercraft. Their focus on performance, innovation, and customer satisfaction has shaped the recreational boating industry for decades.
Mercury Marine
Mercury Marine is renowned for its high-performance outboard motors and sterndrives, dedicating itself to engineering excellence and advanced technology. Their products are designed for durability, efficiency, and a superior boating experience.
Evinrude
Evinrude, a brand of BRP Inc., produces high-performance outboard motors known for their innovation and efficient fuel usage. They are committed to providing superior reliability and performance for both recreational and commercial boating.
Suzuki Marine
Suzuki Marine is a leading manufacturer of outboard engines, offering a range of reliable and fuel-efficient solutions for boaters. Their commitment to quality and performance has established them as a trusted name in marine technology.
Tohatsu Corporation
Tohatsu Corporation is a prominent manufacturer of lightweight and powerful outboard motors. They are dedicated to providing environmentally friendly options, ensuring reliability and performance for recreational and commercial boating applications.
Seven Marine
Seven Marine specializes in high-performance outboard motors, focusing on luxury and innovation. Their cutting-edge technology provides exceptional power and efficiency, making them a preferred choice for superyachts and performance-oriented vessels.
Volvo Penta
Volvo Penta offers advanced marine and industrial engines, combining cutting-edge technology with fuel efficiency. Their products are known for excellent performance and reliability, catering to both leisure and commercial marine applications.
Caterpillar Inc.
Caterpillar Inc. is a leader in marine power systems, providing reliable and efficient engines and propulsion solutions. Their innovative technologies support sustainability and high performance for commercial and recreational vessels worldwide.
BRP Inc.
BRP Inc. specializes in recreational vehicle engines, including Evinrude outboard motors. Their focus on innovation and performance creates top-quality marine solutions for adventure seekers and commercial applications alike.
Torqeedo
Torqeedo is a pioneer in electric marine propulsion, offering eco-friendly outboard motors designed for performance and efficiency. Their innovative products help reduce emissions and promote sustainable boating practices.
Parsun Power Machine Co. Ltd.
Parsun Power manufactures reliable and affordable outboard motors, focusing on quality and performance. Their products cater to both recreational boaters and commercial needs, providing innovative solutions at competitive prices.
Minn Kota Motors
Minn Kota Motors specializes in electric trolling motors and boat anchors, providing anglers and boaters with reliable solutions for quiet operation and ease of use. Their commitment ensures durability and performance on the water.
Mastervolt
Mastervolt delivers advanced power solutions for marine applications, specializing in batteries, inverters, and charging systems. Their technology ensures seamless energy management, promoting reliability and efficiency for various boating experiences.
Lehr Inc.
Lehr Inc. is known for its innovative propane outboard motors, providing environmentally friendly and efficient alternatives to traditional gasoline engines. They focus on reliability and performance in the marine industry.
Elco Motor Yachts
Elco Motor Yachts designs and manufactures electric propulsion systems and premium yachts, leading the charge towards sustainable boating. Their commitment to performance and environmental responsibility sets them apart in the luxury marine market.
Hyundai SeasAll
Hyundai SeasAll manufactures advanced marine engines and propulsion systems, known for their fuel efficiency and power. They combine modern technology with environmentally friendly practices to enhance the boating experience.
Mercury Racing
Mercury Racing is synonymous with high-performance marine engines. Their commitment to innovation and excellence delivers extraordinary speed and power for competitive boaters and enthusiasts seeking unmatched performance on the water.
Oceanvolt
Oceanvolt specializes in electric propulsion systems for boats, focusing on sustainability and efficiency. Their cutting-edge technology aims to enhance the marine experience while reducing environmental impact, catering to eco-conscious boaters.
Selva Marine
Selva Marine manufactures durable and efficient outboard motors, offering a variety of models for recreational and commercial use. Their commitment to quality and performance makes them a trusted choice among boaters worldwide.
Quick Summary of the Top Outboard Motor Market Companies and Market Leaders
The market for Outboard Motor is led by companies like Honda Marine, Yamaha Motor Corporation, and Mercury Marine. These companies are known for their innovative technology and high-quality outboard motor products.
Outboard Motor Market Company Profile Analysis Report
In-depth profiles and strategic insights
Market dynamics
The Outboard Motor market is driven by the increasing demand for recreational boating, fishing activities, and the growth in the marine industry.
Company Landscape
The market is competitive with companies like Caterpillar Inc., BRP Inc., and Volvo Penta leading the way with their diverse product portfolios.
Company financials
Companies like Mercury Marine and Suzuki Marine have strong financial performance and a global presence in the marine industry.
Global market size data
The global Outboard Motor market is estimated to reach $8.5 billion by 2026, with a CAGR of 4.2% from 2021 to 2026.
Regional market size report
North America dominates the Outboard Motor market, followed by Europe and Asia Pacific.
Market competitiveness landscape
Market leaders like Evinrude and Tohatsu Corporation are continuously investing in research and development to enhance their market competitiveness.
Strategic moves of market leaders
Top companies in the Outboard Motor market are focusing on sustainable practices, product innovations, and market expansion to maintain their leadership position.
Company profile report by-products
Honda Marine and Yamaha Motor Corporation offer a wide range of outboard motor products from portable engines to high-horsepower models.
Company profile report by technology
Companies like Torqeedo and Oceanvolt are known for their advanced electric outboard motor technology.
Market share analysis of top companies
Honda Marine, Yamaha Motor Corporation, and Mercury Marine hold a significant market share in the Outboard Motor industry, catering to a wide range of customers with their high-performance outboard motors.