An outboard engine is a system used in boats. It comprises of self-contained components including gearbox and jet drive. These outboard engines are essential motorized method to drive small watercraft. It autonomously controls steering of the boat, in turn controlling the direction of driving.

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The key factor associated with growth of the global outboard engines market mainly depends on the need for small and medium-powered boats. These are involved in activities such as fishing and transportation including holidays and relaxation. Sales of small and medium-sized boats are expected to make a positive impact on global outboard engines market. According to Coherent Market Insights analysis, in 2016, total sales of recreational boats were valued over US$ 3.5 billion. Within that value the sales in the U.S. individually valued over US$ 88 million in 2016. Coastal tourism activities in North America and Europe region has propelled the sales of boats, which is further expected to boost the growth of the global outboard engines market during the forecast period. Furthermore, advancement in technologies such as two-stroke indirect fuel injection, four-stroke fuel injection, four-stroke throttle body fuel injection, and electronic control modules to augment fuel economy benefits to the fleet owners of the ships.

However, high cost of new boats, inclination of consumers towards buying pre-owned boats as the lifespan of a boat is over 12 years, need to upgrade engine based on emission standards are the factor restraining sales of new boats. Less participation from younger generation is also expected to restrict the growth of the global outboard engines market.

Outboard Engines Market Taxonomy
On the basis of product type, the global outboard engines market is segmented into:
• Two Stroke Engine
• Four Stroke Engine
On the basis of engine type, the global outboard engines market is segmented into:
• Low power (>50 HP)
• Mid power (50 HP-150 HP)
• High power (