The global Outboard Electric Motors market was valued at 126.91 Million USD in 2021 and will grow with a CAGR of 7.77% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Outboard electric motor is a kind of propulsion system for boats which uses electric as power. Outboard electric motor, commonly referred to as “trolling motor” or “electric Outboard motor”, is generally used on very small craft or on small lakes where gasoline motor is prohibited or used as a secondary means of propulsion on larger craft, and can also be used as repositioning thrusters while fishing.The major players in the industry are Minn Kota, Torqeedo and CSM Tech, which account for 30.16%, 15.21% and 12.25% of revenue in 2019, respectively. By region, Europe has the highest share of income, at 39.25% in 2019.

By Market Verdors:

Market Analysis and Insights: Global Outboard Electric Motors Market

Minn Kota

Torqeedo

CSM Tech

MotorGuide

AquaWatt

Suzhou Parsun Power Machine

EPropulsion Technology

Elco Motor Yachts

Krautler Elektromaschinen

Aquamot

Ray Electric Outboards

By Types:

Outboard Electric Propulsion Motor

Outboard Electric Trolling Motor

By Applications:

Civil Entertainment

Municipal Application

Commercial Application

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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