Outboard Electric Motors are a type of propulsion system that uses electric power to turn a propeller and propel a boat through the water. They are a popular choice for recreational boaters and anglers who want a quieter, cleaner, and more efficient alternative to traditional gasoline-powered outboard motors. Outboard Electric Motors are typically powered by rechargeable batteries that are mounted on the boat, and they can be charged using a standard AC outlet or a DC power source.

Outboard electric motors have a wide range of applications in the boating industry which also includes recreational boating, commercial fishing, eco-tourism and water taxis. Rapid growth of Outboard Electric Motors has been driven by several factors as there is growing demand for cleaner and more sustainable alternatives and more people become aware of the impact of fossil fuels on the environment. Advances in battery technology and electric motor design have made Outboard Electric Motors Market more efficient, powerful, and reliable than ever before.

The report “Outboard Electric Motors Market, By Type (Outboard Electric Propulsion Motor and Outboard Electric Trolling Motor), By Application (Civil Entertainment, Municipal Application, Commercial Application, and Other Application), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In January 2023, Mercury Marine launched 100% electric outboard boat motor with easy swap batteries. The device is a complete propulsion system that comes with a built-in battery, motor, and electronics. It is intended for small boats that can attach outboard motors on the transom.
• In January 2023, Suzuki group launched its first electric outboard motors. The company adds that it uses two technology solutions as the foundation of its decarbonization plan for boats. Low-powered boats, mostly for inland waterways on lakes and rivers, will be propelled by electric motors.
• In September 2022, Evoy has revealed a prototype of its new “225W Outboard Storm”. It has already finalized supply agreements with three major boat manufacturers and claims that it is the most potent electric motor ever developed.
• In March 2020, Evoy launched the world’s most powerful “Electric Outboard Motor” which will be equivalent of a 150 horsepower combustion motor with its meaty magnetic torque 170Nm nominal. It will be tested over the summer while still in the prototype stage.

Analyst View:

The performance and efficiency of outboard electric motors will keep improving as new battery technology and electric motor designs are developed. This will lead to longer battery life, greater power output and faster charging times that makes electric motors more appealing to a wider range of boaters. The popularity of recreational boating is on the rise, driven by factors such as increasing disposable incomes, changing lifestyles, and growing interest in outdoor activities and as more people take up boating the demand for Outboard Electric Motors Market is likely to increase in coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Outboard Electric Motors Market, By Type (Outboard Electric Propulsion Motor and Outboard Electric Trolling Motor), By Application (Civil Entertainment, Municipal Application, Commercial Application, and Other Application), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Outboard Electric Motors Market accounted for US$ 158.78 Million in 2024 and is estimated to be US$ 158.78 Million in 2024 and is anticipated to register a CAGR of 8.20%. Outboard Electric Motors Market is segmented based on Type, Application and Region.

• Based on Type, Outboard Electric Motors Market is segmented into Outboard Electric Propulsion Motor and Outboard Electric Trolling Motor.
• Based on Application, Outboard Electric Motors Market is segmented into Civil Entertainment, Municipal Application, Commercial Application, and Other Application.
• By Region, the Outboard Electric Motors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Outboard Electric Motors Market:

The prominent players operating in the Outboard Electric Motors Market includes, Torqeedo GmbH, Minn Kota, Inc., Brunswick Corporation, AquaWatt, CSM Tech Co., Ltd, Elco Motors, Inc., Krautler Elektromaschinen GmbH, Torqeedo GmbH, Aquamot AG, Suzhou Parsun Power Machine Co., Ltd.  and others.

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