Outboard boat market is anticipated to grow at a CAGR of 6.0% during the forecast period (2024–2031). The growth of the market is attributed to the growing demand for technological advancements across the globe. In order to achieve faster speeds, manufacturers started manufacturing Xtreme Thrust Output. Customers seeking higher efficiency can be intrigued by XTO's enhanced power-to-weight ratio, a revised cowling design, or sophisticated new graphics. For instance, in January 2023, Yamaha launched the Xtreme Thrust Output (XTO) 450-hp V8 and the XTO 400-hp V8 to provide customers with more acceleration and higher speeds. The new XTOs have an improved power-to-weight ratio, a redesigned cowling design, sophisticated new graphics, and increased customer functions, offering an alternative for more boats.

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The global outboard boat market is further segmented based on geography, including North America (the US and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and the Rest of Asia), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to its employing innovative technologies to satisfy the rising demand and protect the security of boat users. For instance, in July 2022, SpaceX launched Starlink, the satellite internet service for boats in the US. The feature gives boat users internet access when on the water. The services cost $5,000/month, with a one-time fee of $10,000 that covers two high-performance satellite dishes.

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Market Coverage
Market number available for – 2024-2030
Base year- 2023
Forecast period- 2024-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Outboard Boat Market by Types

Electric boat
LP Gas Boat
Diesel Boat

Global Outboard Boat Market by Application

Commercial
Recreational

Global Outboard Boat Market by Thrust

Portable
Mid-Range
High Power

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

Campion Marine Inc.
CANTIERI CAPELLI SRL
MAHINDRA POWEROL
Malibu Boats, LLC.
Polaris Inc.
Pure Watercraft, Inc.
Suzuki Motor Corp.
Times Marine Company Ltd
Tohatsu Corp.
White River Marine Group
Yamaha Motor Co., Ltd.
ZODIAC MILPRO

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global outboard boat market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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