THE GLOBAL ELECTRIC OUTBOARD MOTORS MARKET IS EXPECTED TO REACH USD 196.62 MILLION BY 2029 FROM USD 120 MILLION IN 2023, GROWING AT A CAGR OF 8.58% DURING THE FORECAST PERIOD.

The Global Electric Outboard Motors Market Size, Share, & Trends Analysis Report By

  • Power: 5 KW – 50 KW, Up to 5 KW, and Above 50 KW
  • Application: Recreational, Commercial, and Military
  • Boat Length: Less than 30 ft, 30 ft – 50 ft, and More than 50 ft
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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255 Pages

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82 Tables

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74 Charts

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5 Regions

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22 Countries

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25 Companies

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4 Market Segment

ELECTRIC OUTBOARD MOTORS MARKET REPORT SCOPE

Report Attribute Details
Market Size (2029) USD 196.62 Million
Market Size (2023) USD 120 Million
CAGR (2023-2029) 8.58%
HISTORIC YEAR 2020-2022
BASE YEAR 2023
FORECAST YEAR 2023-2029
Market Segments Power, Application, Boat Length, and Geography
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERS Torqeedo, ePropulsion, Evoy, Pure Watercraft, Yamaha Motor, and Brunswick Corporation

MARKET OVERVIEW

The global electric outboard motors market was valued at USD 120.00 million in 2023 and is expected to reach USD 196.62 million by 2029, growing at a CAGR of 8.58% during the forecast period. There is an increasing adoption of electric outboard motors in the boating industry due to several factors, including advances in battery technology, motor efficiency, and a growing demand for eco-friendly boating options. Recent improvements in battery technology, particularly the advent of lithium-ion batteries, have extended the range and power of electric outboard motors. Such factors have enhanced reliability and cost-effectiveness, contributing to widespread adoption. Global efforts to reduce emissions and promote eco-friendly technologies further support the growth of the electric outboard motors market. Moreover, ongoing advancements in battery technology and motor efficiency position the electric outboard motors as appealing options for eco-conscious boaters seeking a tranquil and low-impact boating experience. While challenges exist, the numerous benefits ensure that electric outboard motors will continue making waves in the boating industry for years to come.

MARKET TRENDS & DRIVERS

Developing Lithium-ion Batteries
The increasing need for extended battery life has driven significant advances in enhancing backup capacity. Li-ion batteries have less harmful environmental effects. As most vendors try to achieve sustainability, most of the electric outboard motors have Li-ion batteries that are better for the environment. The adoption of battery systems and battery technology will play a pivotal role in influencing purchasing decisions. Professional users are increasingly encouraged to adopt a unified battery system for electric outboard motors. This trend is expected to propel the reliance on Li-ion batteries further, driving market growth. The longevity and performance of Li-ion batteries have prompted vendors in the global electric outboard motors market to expand their product offerings with Li-ion battery options. Electric outboard motors are mostly equipped with Li-ion batteries, giving tough competition to lead acid batteries.

Rising Participation in Leisure Boating Activities in Europe
The European boating industry is one of the world’s most dynamic and competitive industries that significantly contributes to the growth of the European economy. The leisure boating market in Europe has witnessed impressive growth over the past five years. Countries such as Belgium, Croatia, and many others have witnessed significant growth in the recreational boat market. For instance, Belgium has several water sports centers that support almost any type of water-related recreation. It is home to over 20 marinas. Inland lakes and waterways are used intensively for various water sports, such as cable waterskiing, wakeboarding, dinghy sailing, windsurfing, jet-skiing, rowing, and kayaking.

INDUSTRY RESTRAINTS

High Initial Costs
The electric outboard motors market faces a significant challenge in the form of high initial costs, which can act as a restraining factor for its widespread adoption and market growth. The upfront expenses associated with electric outboard motors, including the motor itself and the required battery systems, often surpass the costs of traditional gasoline-powered alternatives. Several factors contribute to these high initial costs, including advanced technology embedded in electric outboard motors and the cost of high-quality, high-capacity batteries, which represent a significant portion of the overall expense.

SEGMENTATION INSIGHTS

INSIGHTS BY POWER
The global electric outboard motors market by power: 5 KW – 50 KW, Up to 5 KW, and above 50 KW. The 5 KW – 50 KW power segment is expected to be the largest revenue segment of the global market. This power range is suitable for various vessels, including mid-sized boats, pontoons, and specific types of commercial watercraft. Environmental sustainability is the key driver for adopting electric outboard motors in the 5 kW to 50 kW range. With zero emissions during operation, these motors play a crucial role in promoting cleaner air and water environments, addressing concerns about pollution in marine ecosystems. This aligns with the growing demand for sustainable boating practices, appealing to boat owners and operators prioritizing environmental protection. As charging infrastructure continues to improve, electric outboard motors within the 5 KW to 50 KW range become increasingly practical for a diverse range of boating enthusiasts and commercial operators.

INSIGHTS BY APPLICATION
The recreational application segment holds the most prominent share of the global electric outboard motors market in 2023. Electric outboard motors have transformed the landscape of recreational boating, providing numerous advantages that appeal to both environmentally conscious individuals and those seeking an enhanced on-water experience. In the realm of smaller vessels like kayaks, canoes, and dinghies, electric outboard motors offer a quiet and efficient mode of propulsion. Furthermore, electric outboard motors have gained popularity for day cruisers and weekend boaters due to their user-friendly nature, low maintenance requirements, and eco-friendly operation. The instant torque delivery of electric motors improves maneuverability, simplifying tasks such as docking and navigating in tight spaces. These aspects collectively contribute to a more relaxed and enjoyable boating experience for recreational users. As technology advances and the infrastructure supporting electric boating expands, the prevalence of electric outboard motors in the recreational sector is likely to grow.

INSIGHTS BY BOAT LENGTH
The global electric outboard motors market by boat length is segmented as less than 30 ft, 30 ft – 50 ft, and more than 50 ft. The less than 30 ft boat segment is expected to be the largest revenue segment of the global market. The rising popularity of electric outboard motors for boats measuring less than 30 feet is driven by several benefits catering to both recreational and practical needs. A significant advantage is the quiet operation of these electric motors, enhancing the overall boating experience. The demand for electric outboard motors in the less than 30 ft boat segment is driven by several factors, including supportive government policies, environmental awareness, cost considerations, and technological advancements. Due to the rising adoption of sustainable practices in the marine industry, the electric outboard motors market in smaller boats is estimated to witness sustained growth.

GEOGRAPHICAL ANALYSIS

The global electric outboard motors market is well-developed in North America and Europe. The established markets of Europe and North America are expected to witness high demand for electric outboard motors during the forecast period since the commercial adoption of boats has increased in these regions. Such factors offer vendors many opportunities during the forecast period. In addition, the demand for marine infrastructure arises due to changing market dynamics, such as a higher number of recreational boat users. The global electric outboard motors market is undergoing several transformations regarding research on innovative products. The demand and adoption of boating activities are high for numerous reasons, such as increased urbanization and a rise in living standards. The U.S. is one of the biggest manufacturing hubs in North America. Over the past few years, it has attracted huge investments for expanding existing facilities or new facility setups. The presence of manufacturing facilities for Pure Watercraft and Vision Marine Technologies, among others, is a major driver for the growth of this region's electric outboard motors market.

COMPETITIVE LANDSCAPE

The global electric outboard motors market is fragmented, with the presence of many local and international players. The competition among these players is intense. The rapidly changing technological environment could adversely affect vendors as customers expect continuous innovations and upgrades in the manufacturing of electric outboard motors. The key players in the global electric outboard motors market include Torqeedo, ePropulsion, Evoy, Pure Watercraft, Yamaha Motor, and Brunswick Corporation. There is intense competition in the market as all the players compete to gain more market share. The market will witness consolidation due to the intensely competitive environment. These factors make it imperative for vendors to distinguish their products and service offerings through a clear and unique value proposition, or they will not survive the highly competitive environment.

The electric outboard motors market concentration in developed countries, such as the U.S. and other Western European countries, is high, while the market is in a growing stage in developing economies, such as China and India, because of the entry of several international brands into these countries. The competition among vendors is based on product offerings and pricing. Vendors are using new business models and focusing on developing the portfolios of their established products to drive growth. The market competition is expected to intensify further with increased product/service extensions, technological innovations, and mergers and acquisitions. Arizton believes that international players will grow inorganically by acquiring regional or local players in the future. The adoption rate of electric outboard motors among end-users globally has been impressive.

Recent Developments in the Global Electric Outboard Motors Market

  • During the CES 2023 event held in Las Vegas, Mercury introduced its latest innovation, the Avator 7.5e electric outboard. By Mercury, it’s the first electric outboard model and the first in a series to be unveiled officially in 2023.
  • In 2021, Yamaha showcased its innovative engineering and design approach, known as CommandBlue, with the introduction of Yamaha Marine's HARMO electric outboard design in the US. This innovative design combines a 48-volt power supply with a high-efficiency, low-drag 3.7-kilowatt motor. HARMO's rim drive and a specially encased impeller deliver an impressive 225 pounds of static thrust, equivalent to that of a traditional 9.9-horsepower gas-powered motor.
  • In June 2022, Limestone Boat Company declared the successful completion of sea trials for its Aquasports 2100CC, featuring Vision Marine's electric outboard propulsion. Following closely in July, Groupe Beneteau revealed a collaboration with Vision Marine, outlining plans to incorporate these high-power electric outboards into various models within its extensive portfolio.
  • Suzuki, the Japanese engine manufacturer, has announced the release of its first electric marine engine in 2024. By 2030, it plans to launch five models.

ABOUT THE REPORT

The global electric outboard motors market is provided for the forecast years 2024 to 2029 and the base year 2023. The market is segmented by power, application, boat length, and geography. The report provides a holistic approach to the global electric outboard motors market, enabling customers to analyze the market thoroughly.

Frequently Asked Questions

How big is the electric outboard motors market?

The global electric outboard motors market was valued at USD 120.00 million in 2023 and is expected to reach USD 196.62 million by 2029.

What is the growth rate of the global electric outboard motors market?

The global electric outboard motors market is expected to grow at a CAGR of 8.58% from 2023 to 2029.

Which region dominates the global electric outboard motors market share?

North America held the largest global electric outboard motors market share, accounting for over 36% of global revenue in 2023.

What are the significant trends in the electric outboard motors market?

Developing lithium-ion batteries, growing opportunities in the electric boat industry, and growth in the marine tourism industry are significant trends in the electric outboard motors industry.

Who are the key players in the global electric outboard motors market?

Torqeedo, ePropulsion, Evoy, Pure Watercraft, Yamaha Motor, and Brunswick Corporation are the key players in the global electric outboard motors market.

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The global electric outboard motors market size is expected to grow at a CAGR of approximately 8.58% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global electric outboard motors market during the forecast period:

  • Rising Participation in Leisure Boating Activities in Europe
  • Growing Demand for Outboard Power Boats
  • Sustainable Development in Electric Outboard Motors

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global electric outboard motors market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  • Torqeedo
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • ePropulsion
  • Evoy
  • Pure Watercraft
  • Yamaha Motor
  • Brunswick Corporation

Other Prominent Vendors

  • Aquamot
    • Business Overview
    • Product Offerings
  • Aquawatt
  • Elco Motor Yachts
  • ELECTRINE
  • Electro-Mobile
  • E-TECH
  • Flux Marine
  • Golden Motor
  • KARVIN
  • Krautler
  • RAD Propulsion
  • Rim Drive Technology
  • Stealth Electric Outboards
  • Stream Propulsion
  • E’dyn
  • TEMO
  • Vision Marine Technologies
  • Wolong Electric Group
  • Molabo

Segmentation by Power

  • 5 KW – 50 KW
  • Up to 5 KW
  • Above 50 KW

Segmentation by Application

  • Recreational
  • Commercial
  • Military

Segmentation by Boat Length

  • Less than 30 ft
  • 30 ft – 50 ft
  • More than 50 ft

Segmentation by Geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Netherlands
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Poland
  • APAC
    • Japan
    • China
    • South Korea
    • Australia
    • India
    • New Zealand
    • Malaysia
  • Middle East & Africa
    • South Africa
    • UAE
  • Latin America
    • Mexico
    • Brazil
    • Argentina

1. SCOPE & COVERAGE
1.1. MARKET DEFINITION
1.1.1. INCLUSIONS
1.1.2. EXCLUSIONS
1.1.3. MARKET ESTIMATION CAVEATS
1.2. MARKET SEGMENTS
1.2.1. MARKET SEGMENTATION BY POWER
1.2.2. MARKET SEGMENTATION BY APPLICATION
1.2.3. MARKET SEGMENTATION BY BOAT LENGTH
1.2.4. REGIONS & COUNTRIES COVERED
1.3. MARKET DERIVATION
1.3.1. BASE YEAR

2. PREMIUM INSIGHTS
2.1. OPPORTUNITY POCKETS
2.1.1. PRODUCT LIFE CYCLE CHART AND GROWTH BY REGION
2.1.2. KEY REVENUE GENERATOR REGION
2.2. MARKET OVERVIEW
2.3. RECENT DEVELOPMENTS
2.4. MARKET DYNAMICS
2.4.1. MARKET TRENDS
2.4.2. MARKET DRIVERS
2.4.3. MARKET RESTRAINTS
2.5. SEGMENT ANALYSIS
2.6. GEOGRAPHICAL ANALYSIS
2.7. COMPETITIVE LANDSCAPE

3. MARKET AT A GLANCE
4. INTRODUCTION
4.1. OVERVIEW
4.2. RISE OF ELECTRIC OUTBOARD MOTORS
4.3. FUNCTIONING OF ELECTRIC OUTBOARD MOTORS
4.4. ADVANTAGES OF ELECTRIC OUTBOARD MOTORS
4.5. TYPE OF CONTROL SYSTEM
4.6. EVOLUTION OF ELECTRIC OUTBOARD MOTORS
4.7. FUTURE OF ELECTRIC OUTBOARD MOTORS
4.8. DAWN OF ELECTRIC AND HYBRID ENGINES
4.9. VALUE CHAIN ANALYSIS
4.9.1. MATERIAL SUPPLIERS
4.9.2. MANUFACTURERS
4.9.3. DISTRIBUTORS
4.9.4. APPLICATION

5. MARKET OPPORTUNITIES & TRENDS
5.1. DEVELOPING LI-ION BATTERIES
5.2. GROWING OPPORTUNITIES IN THE ELECTRIC BOAT INDUSTRY
5.3. GROWTH IN THE MARINE TOURISM INDUSTRY

6. MARKET GROWTH ENABLERS
6.1. RISING PARTICIPATION IN LEISURE BOATING ACTIVITIES IN EUROPE
6.2. GROWING DEMAND FOR OUTBOARD POWER BOATS
6.3. SUSTAINABLE DEVELOPMENT OF THE ELECTRIC OUTBOARD MOTORS

7. MARKET RESTRAINTS
7.1. HIGH INITIAL COSTS OF ELECTRIC OUTBOARD MOTORS
7.2. LIMITED CHARGING INFRASTRUCTURE
7.3. EMERGENCE OF TROLLING MOTORS

8. MARKET LANDSCAPE
8.1. MARKET OVERVIEW
8.2. MARKET SIZE & FORECAST
8.3. FIVE FORCES ANALYSIS
8.3.1. THREAT OF NEW ENTRANTS
8.3.2. BARGAINING POWER OF SUPPLIERS
8.3.3. BARGAINING POWER OF BUYERS
8.3.4. THREAT OF SUBSTITUTES
8.3.5. COMPETITIVE RIVALRY

9. POWER
9.1. MARKET SNAPSHOT & GROWTH ENGINE
9.2. MARKET OVERVIEW
9.3. 5 KW–50 KW
9.3.1. MARKET SIZE & FORECAST
9.3.2. MARKET BY GEOGRAPHY
9.4. UP TO 5 KW
9.4.1. MARKET SIZE & FORECAST
9.4.2. MARKET BY GEOGRAPHY
9.5. ABOVE 50 KW
9.5.1. MARKET SIZE & FORECAST
9.5.2. MARKET BY GEOGRAPHY

10. APPLICATION
10.1. MARKET SNAPSHOT & GROWTH ENGINE
10.2. MARKET OVERVIEW
10.3. RECREATIONAL
10.3.1. MARKET SIZE & FORECAST
10.3.2. MARKET BY GEOGRAPHY
10.4. COMMERCIAL
10.4.1. MARKET SIZE & FORECAST
10.4.2. MARKET BY GEOGRAPHY
10.5. MILITARY
10.5.1. MARKET SIZE & FORECAST
10.5.2. MARKET BY GEOGRAPHY

11. BOAT LENGTH
11.1. MARKET SNAPSHOT & GROWTH ENGINE
11.2. MARKET OVERVIEW
11.3. LESS THAN 30 FT
11.3.1. MARKET SIZE & FORECAST
11.3.2. MARKET BY GEOGRAPHY
11.4. 30 FT–50 FT
11.4.1. MARKET SIZE & FORECAST
11.4.2. MARKET BY GEOGRAPHY
11.5. MORE THAN 50 FT
11.5.1. MARKET SIZE & FORECAST
11.5.2. MARKET BY GEOGRAPHY

12. GEOGRAPHY
12.1. MARKET SNAPSHOT & GROWTH ENGINE
12.2. GEOGRAPHIC OVERVIEW

13. NORTH AMERICA
13.1. MARKET SIZE & FORECAST
13.2. POWER
13.2.1. MARKET SIZE & FORECAST
13.3. APPLICATION
13.3.1. MARKET SIZE & FORECAST
13.4. BOAT LENGTH
13.4.1. MARKET SIZE & FORECAST
13.5. KEY COUNTRIES
13.6. US: MARKET SIZE & FORECAST
13.7. CANADA: MARKET SIZE & FORECAST

14. EUROPE
14.1. MARKET SIZE & FORECAST
14.2. POWER
14.2.1. MARKET SIZE & FORECAST
14.3. APPLICATION
14.3.1. MARKET SIZE & FORECAST
14.4. BOAT LENGTH
14.4.1. MARKET SIZE & FORECAST
14.5. KEY COUNTRIES
14.6. UK: MARKET SIZE & FORECAST
14.7. NETHERLANDS: MARKET SIZE & FORECAST
14.8. GERMANY: MARKET SIZE & FORECAST
14.9. FRANCE: MARKET SIZE & FORECAST
14.10. ITALY: MARKET SIZE & FORECAST
14.11. SPAIN: MARKET SIZE & FORECAST
14.12. NORWAY: MARKET SIZE & FORECAST
14.13. POLAND: MARKET SIZE & FORECAST

15. APAC
15.1. MARKET SIZE & FORECAST
15.2. POWER
15.2.1. MARKET SIZE & FORECAST
15.3. APPLICATION
15.3.1. MARKET SIZE & FORECAST
15.4. BOAT LENGTH
15.4.1. MARKET SIZE & FORECAST
15.5. KEY COUNTRIES
15.6. JAPAN: MARKET SIZE & FORECAST
15.7. CHINA: MARKET SIZE & FORECAST
15.8. SOUTH KOREA: MARKET SIZE & FORECAST
15.9. AUSTRALIA: MARKET SIZE & FORECAST
15.10. INDIA: MARKET SIZE & FORECAST
15.11. NEW ZEALAND: MARKET SIZE & FORECAST
15.12. MALAYSIA: MARKET SIZE & FORECAST

16. MIDDLE EAST & AFRICA
16.1. MARKET SIZE & FORECAST
16.2. POWER
16.2.1. MARKET SIZE & FORECAST
16.3. APPLICATION
16.3.1. MARKET SIZE & FORECAST
16.4. BOAT LENGTH
16.4.1. MARKET SIZE & FORECAST
16.5. KEY COUNTRIES
16.6. SOUTH AFRICA: MARKET SIZE & FORECAST
16.7. UAE: MARKET SIZE & FORECAST

17. LATIN AMERICA
17.1. MARKET SIZE & FORECAST
17.2. POWER
17.2.1. MARKET SIZE & FORECAST
17.3. APPLICATION
17.3.1. MARKET SIZE & FORECAST
17.4. BOAT LENGTH
17.4.1. MARKET SIZE & FORECAST
17.5. KEY COUNTRIES
17.6. MEXICO: MARKET SIZE & FORECAST
17.7. BRAZIL: MARKET SIZE & FORECAST
17.8. ARGENTINA: MARKET SIZE & FORECAST

18. COMPETITIVE LANDSCAPE
18.1. COMPETITION OVERVIEW

19. KEY COMPANY PROFILES
19.1. TORQEEDO
19.1.1. BUSINESS OVERVIEW
19.1.2. PRODUCT OFFERINGS
19.1.3. KEY STRATEGIES
19.1.4. KEY STRENGTHS
19.1.5. KEY OPPORTUNITIES
19.2. EPROPULSION
19.2.1. BUSINESS OVERVIEW
19.2.2. PRODUCT OFFERINGS
19.2.3. KEY STRATEGIES
19.2.4. KEY STRENGTHS
19.2.5. KEY OPPORTUNITIES
19.3. EVOY
19.3.1. BUSINESS OVERVIEW
19.3.2. PRODUCT OFFERINGS
19.3.3. KEY STRATEGIES
19.3.4. KEY STRENGTHS
19.3.5. KEY OPPORTUNITIES
19.4. PURE WATERCRAFT
19.4.1. BUSINESS OVERVIEW
19.4.2. PRODUCT OFFERINGS
19.4.3. KEY STRATEGIES
19.4.4. KEY STRENGTHS
19.4.5. KEY OPPORTUNITIES
19.5. YAMAHA MOTOR
19.5.1. BUSINESS OVERVIEW
19.5.2. PRODUCT OFFERINGS
19.5.3. KEY STRATEGIES
19.5.4. KEY STRENGTHS
19.5.5. KEY OPPORTUNITIES
19.6. BRUNSWICK CORPORATION
19.6.1. BUSINESS OVERVIEW
19.6.2. PRODUCT OFFERINGS
19.6.3. KEY STRATEGIES
19.6.4. KEY STRENGTHS
19.6.5. KEY OPPORTUNITIES

20. OTHER PROMINENT VENDORS
20.1. AQUAMOT
20.1.1. BUSINESS OVERVIEW
20.1.2. PRODUCT OFFERINGS
20.2. AQUAWATT
20.2.1. BUSINESS OVERVIEW
20.2.2. PRODUCT OFFERINGS
20.3. ELCO MOTOR YACHTS
20.3.1. BUSINESS OVERVIEW
20.3.2. PRODUCT OFFERINGS
20.4. ELECTRINE
20.4.1. BUSINESS OVERVIEW
20.4.2. PRODUCT OFFERINGS
20.5. ELECTRO-MOBILE
20.5.1. BUSINESS OVERVIEW
20.5.2. PRODUCT OFFERINGS
20.6. E-TECH
20.6.1. BUSINESS OVERVIEW
20.6.2. PRODUCT OFFERINGS
20.7. FLUX MARINE
20.7.1. BUSINESS OVERVIEW
20.7.2. PRODUCT OFFERINGS
20.8. GOLDEN MOTOR
20.8.1. BUSINESS OVERVIEW
20.8.2. PRODUCT OFFERINGS
20.9. KARVIN
20.9.1. BUSINESS OVERVIEW
20.9.2. PRODUCT OFFERINGS
20.10. KRAUTLER
20.10.1. BUSINESS OVERVIEW
20.10.2. PRODUCT OFFERINGS
20.11. RAD PROPULSION
20.11.1. BUSINESS OVERVIEW
20.11.2. PRODUCT OFFERINGS
20.12. RIM DRIVE TECHNOLOGY
20.12.1. BUSINESS OVERVIEW
20.12.2. PRODUCT OFFERINGS
20.13. STEALTH ELECTRIC OUTBOARDS
20.13.1. BUSINESS OVERVIEW
20.13.2. PRODUCT OFFERINGS
20.14. STREAM PROPULSION
20.14.1. BUSINESS OVERVIEW
20.14.2. PRODUCT OFFERINGS
20.15. E’DYN
20.15.1. BUSINESS OVERVIEW
20.15.2. PRODUCT OFFERINGS
20.16. TEMO
20.16.1. BUSINESS OVERVIEW
20.16.2. PRODUCT OFFERINGS
20.17. VISION MARINE TECHNOLOGIES
20.17.1. BUSINESS OVERVIEW
20.17.2. PRODUCT OFFERINGS
20.18. WOLONG ELECTRIC GROUP
20.18.1. BUSINESS OVERVIEW
20.18.2. PRODUCT OFFERINGS
20.19. MOLABO
20.19.1. BUSINESS OVERVIEW
20.19.2. PRODUCT OFFERINGS

21. REPORT SUMMARY
21.1. KEY TAKEAWAYS
21.2. STRATEGIC RECOMMENDATIONS

22. QUANTITATIVE SUMMARY
22.1. MARKET BY GEOGRAPHY
22.2. NORTH AMERICA
22.2.1. POWER
22.2.2. APPLICATION
22.2.3. BOAT LENGTH
22.3. EUROPE
22.3.1. POWER
22.3.2. APPLICATION
22.3.3. BOAT LENGTH
22.4. APAC
22.4.1. POWER
22.4.2. APPLICATION
22.4.3. BOAT LENGTH
22.5. MIDDLE EAST & AFRICA
22.5.1. POWER
22.5.2. APPLICATION
22.5.3. BOAT LENGTH
22.6. LATIN AMERICA
22.6.1. POWER
22.6.2. APPLICATION
22.6.3. BOAT LENGTH
22.7. POWER
22.7.1. 5 KW–50 KW
22.7.2. UP TO 5 KW
22.7.3. ABOVE 50 KW
22.8. APPLICATION
22.8.1. RECREATIONAL
22.8.2. COMMERCIAL
22.8.3. MILITARY
22.9. BOAT LENGTH
22.9.1. LESS THAN 30 FT
22.9.2. 30 FT–50 FT
22.9.3. MORE THAN 50 FT

23. APPENDIX
23.1. RESEARCH METHODOLOGY
23.2. RESEARCH PROCESS
23.3. REPORT ASSUMPTIONS & CAVEATS
23.3.1. KEY CAVEATS
23.3.2. CURRENCY CONVERSION
23.4. ABBREVIATIONS

LIST OF EXHIBITS

EXHIBIT 1 ELECTRIC OUTBOARD MOTORS MARKET: MARKET SIZE CALCULATION APPROACH 2023
EXHIBIT 2 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET REVENUE 2024 & 2029 ($ MILLION)
EXHIBIT 3 CAGR COMPARISON OF GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY (2023–2029)
EXHIBIT 4 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET: KEY PLAYERS
EXHIBIT 5 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET: OVERVIEW
EXHIBIT 6 ADVANTAGES OF ELECTRIC OUTBOARD MOTORS
EXHIBIT 7 TYPE OF CONTROL SYSTEM
EXHIBIT 8 EVOLUTION OF ELECTRIC OUTBOARD MOTORS
EXHIBIT 9 VALUE CHAIN ANALYSIS OF ELECTRIC OUTBOARD MOTORS
EXHIBIT 10 IMPACT OF DEVELOPING LI-ION BATTERIES
EXHIBIT 11 ADVANCEMENTS IN LI-ION BATTERIES
EXHIBIT 12 CHANGE IN AVERAGE PRICE OF LI-ION BATTERY 2010−2030 ($ PER KWH)
EXHIBIT 13 IMPACT OF GROWING OPPORTUNITIES IN THE ELECTRIC BOAT INDUSTRY
EXHIBIT 14 IMPACT OF GROWTH ON THE MARINE TOURISM INDUSTRY
EXHIBIT 15 IMPACT OF RISING PARTICIPATION IN LEISURE BOATING ACTIVITIES IN EUROPE
EXHIBIT 16 IMPACT OF GROWING DEMAND FOR OUTBOARD POWER BOATS
EXHIBIT 17 IMPACT OF SUSTAINABLE DEVELOPMENT OF THE ELECTRIC OUTBOARD MOTORS
EXHIBIT 18 IMPACT OF HIGH INITIAL COSTS OF ELECTRIC OUTBOARD MOTORS
EXHIBIT 19 IMPACT OF LIMITED CHARGING INFRASTRUCTURE
EXHIBIT 20 IMPACT OF EMERGENCE OF TROLLING MOTORS
EXHIBIT 21 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET: INCREMENTAL GROWTH
EXHIBIT 22 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 23 FIVE FORCES ANALYSIS 2023
EXHIBIT 24 INCREMENTAL GROWTH BY POWER 2023 & 2029
EXHIBIT 25 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY POWER (REVENUE SHARE %)
EXHIBIT 26 GLOBAL 5 KW–50 KW ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 27 GLOBAL UP TO 5 KW ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 28 GLOBAL ABOVE 50 KW ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 29 INCREMENTAL GROWTH BY APPLICATION 2023 & 2029
EXHIBIT 30 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY APPLICATION (% SHARE)
EXHIBIT 31 GLOBAL RECREATIONAL ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 32 GLOBAL COMMERCIAL ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 33 GLOBAL MILITARY ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 34 INCREMENTAL GROWTH BY BOAT LENGTH 2023 & 2029
EXHIBIT 35 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY BOAT LENGTH (REVENUE SHARE %)
EXHIBIT 36 GLOBAL LESS THAN 30 FT ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 37 GLOBAL 30 FT–50 FT ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 38 GLOBAL MORE THAN 50 FT ELECTRIC OUTBOARD MOTORS MARKET 2023–2029 ($ MILLION)
EXHIBIT 39 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029
EXHIBIT 40 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY
EXHIBIT 41 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA 2023–2029 ($ MILLION)
EXHIBIT 42 INCREMENTAL GROWTH IN NORTH AMERICA 2023 & 2029
EXHIBIT 43 ELECTRIC OUTBOARD MOTORS MARKET IN THE US 2023–2029 ($ MILLION)
EXHIBIT 44 ELECTRIC OUTBOARD MOTORS MARKET IN CANADA 2023–2029 ($ MILLION)
EXHIBIT 45 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE 2023–2029 ($ MILLION)
EXHIBIT 46 INCREMENTAL GROWTH IN EUROPE 2023 & 2029
EXHIBIT 47 ELECTRIC OUTBOARD MOTORS MARKET IN UK 2023–2029 ($ MILLION)
EXHIBIT 48 ELECTRIC OUTBOARD MOTORS MARKET IN NETHERLANDS 2023–2029 ($ MILLION)
EXHIBIT 49 ELECTRIC OUTBOARD MOTORS MARKET IN GERMANY 2023–2029 ($ MILLION)
EXHIBIT 50 ELECTRIC OUTBOARD MOTORS MARKET IN FRANCE 2023–2029 ($ MILLION)
EXHIBIT 51 ELECTRIC OUTBOARD MOTORS MARKET IN ITALY 2023–2029 ($ MILLION)
EXHIBIT 52 ELECTRIC OUTBOARD MOTORS MARKET IN SPAIN 2023–2029 ($ MILLION)
EXHIBIT 53 ELECTRIC OUTBOARD MOTORS MARKET IN NORWAY 2023–2029 ($ MILLION)
EXHIBIT 54 ELECTRIC OUTBOARD MOTORS MARKET IN POLAND 2023–2029 ($ MILLION)
EXHIBIT 55 ELECTRIC OUTBOARD MOTORS MARKET IN APAC 2023–2029 ($ MILLION)
EXHIBIT 56 INCREMENTAL GROWTH IN APAC 2023 & 2029
EXHIBIT 57 ELECTRIC OUTBOARD MOTORS MARKET IN JAPAN 2023–2029 ($ MILLION)
EXHIBIT 58 ELECTRIC OUTBOARD MOTORS MARKET IN CHINA 2023–2029 ($ MILLION)
EXHIBIT 59 ELECTRIC OUTBOARD MOTORS MARKET IN SOUTH KOREA 2023–2029 ($ MILLION)
EXHIBIT 60 ELECTRIC OUTBOARD MOTORS MARKET IN AUSTRALIA 2023–2029 ($ MILLION)
EXHIBIT 61 ELECTRIC OUTBOARD MOTORS MARKET IN INDIA 2023–2029 ($ MILLION)
EXHIBIT 62 ELECTRIC OUTBOARD MOTORS MARKET IN NEW ZEALAND 2023–2029 ($ MILLION)
EXHIBIT 63 ELECTRIC OUTBOARD MOTORS MARKET IN MALAYSIA 2023–2029 ($ MILLION)
EXHIBIT 64 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA 2023–2029 ($ MILLION)
EXHIBIT 65 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2023 & 2029
EXHIBIT 66 ELECTRIC OUTBOARD MOTORS MARKET IN SOUTH AFRICA 2023–2029 ($ MILLION)
EXHIBIT 67 ELECTRIC OUTBOARD MOTORS MARKET IN UAE 2023–2029 ($ MILLION)
EXHIBIT 68 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA 2023–2029 ($ MILLION)
EXHIBIT 69 INCREMENTAL GROWTH IN LATIN AMERICA 2023 & 2029
EXHIBIT 70 ELECTRIC OUTBOARD MOTORS MARKET IN MEXICO 2023–2029 ($ MILLION)
EXHIBIT 71 ELECTRIC OUTBOARD MOTORS MARKET IN BRAZIL 2023–2029 ($ MILLION)
EXHIBIT 72 ELECTRIC OUTBOARD MOTORS MARKET IN ARGENTINA 2023–2029 ($ MILLION)
EXHIBIT 73 RECENT DEVELOPMENTS IN THE ELECTRIC OUTBOARD MOTORS MARKET
EXHIBIT 74 KEY CAVEATS

LIST OF TABLES

TABLE 1 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY POWER 2020−2029 ($ MILLION)
TABLE 2 GLOBAL 5 KW–50 KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 3 GLOBAL UP TO 5 KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 4 GLOBAL ABOVE 50 KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 5 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY APPLICATION 2020−2029 (% SHARE)
TABLE 6 GLOBAL RECREATIONAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 7 GLOBAL COMMERCIAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 8 GLOBAL MILITARY ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 9 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY BOAT LENGTH 2020−2029 (REVENUE SHARE %)
TABLE 10 GLOBAL LESS THAN 30 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 11 GLOBAL 30 FT-50 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 12 GLOBAL ABOVE 50 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 13 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 14 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY POWER 2020−2029 ($ MILLION)
TABLE 15 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 16 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 17 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY POWER 2020−2029 ($ MILLION)
TABLE 18 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY APPLICATION 2020−2029 ($ MILLION)
TABLE 19 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 20 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY POWER 2020−2029 ($ MILLION)
TABLE 21 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY APPLICATION 2020−2029 ($ MILLION)
TABLE 22 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 23 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY POWER 2020−2029 ($ MILLION)
TABLE 24 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 25 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 26 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY POWER 2020−2029 ($ MILLION)
TABLE 27 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 28 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 29 TORQEEDO: MAJOR PRODUCT OFFERINGS
TABLE 30 EPROPULSION: MAJOR PRODUCT OFFERINGS
TABLE 31 EVOY: MAJOR PRODUCT OFFERINGS
TABLE 32 PURE WATERCRAFT: MAJOR PRODUCT OFFERINGS
TABLE 33 YAMAHA MOTOR: MAJOR PRODUCT OFFERINGS
TABLE 34 BRUNSWICK CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 35 AQUAMOT: MAJOR PRODUCT OFFERINGS
TABLE 36 AQUAWATT: MAJOR PRODUCT OFFERINGS
TABLE 37 ELCO MOTOR YACHTS: MAJOR PRODUCT OFFERINGS
TABLE 38 ELECTRINE: MAJOR PRODUCT OFFERINGS
TABLE 39 ELECTRO-MOBILE: MAJOR PRODUCT OFFERINGS
TABLE 40 E-TECH: MAJOR PRODUCT OFFERINGS
TABLE 41 FLUX MARINE: MAJOR PRODUCT OFFERINGS
TABLE 42 GOLDEN MOTOR: MAJOR PRODUCT OFFERINGS
TABLE 43 KARVIN: MAJOR PRODUCT OFFERINGS
TABLE 44 KRAUTLER: MAJOR PRODUCT OFFERINGS
TABLE 45 RAD PROPULSION: MAJOR PRODUCT OFFERINGS
TABLE 46 RIM DRIVE TECHNOLOGY: MAJOR PRODUCT OFFERINGS
TABLE 47 STEALTH ELECTRIC OUTBOARDS: MAJOR PRODUCT OFFERINGS
TABLE 48 STREAM PROPULSION: MAJOR PRODUCT OFFERINGS
TABLE 49 E’DYN: MAJOR PRODUCT OFFERINGS
TABLE 50 TEMO: MAJOR PRODUCT OFFERINGS
TABLE 51 VISION MARINE TECHNOLOGIES: MAJOR PRODUCT OFFERINGS
TABLE 52 WOLONG ELECTRIC GROUP: MAJOR PRODUCT OFFERINGS
TABLE 53 MOLABO: MAJOR PRODUCT OFFERINGS
TABLE 54 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 55 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY POWER 2020−2029 ($ MILLION)
TABLE 56 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 57 ELECTRIC OUTBOARD MOTORS MARKET IN NORTH AMERICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 58 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY POWER 2020−2029 ($ MILLION)
TABLE 59 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY APPLICATION 2020−2029 ($ MILLION)
TABLE 60 ELECTRIC OUTBOARD MOTORS MARKET IN EUROPE BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 61 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY POWER 2020−2029 ($ MILLION)
TABLE 62 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY APPLICATION 2020−2029 ($ MILLION)
TABLE 63 ELECTRIC OUTBOARD MOTORS MARKET IN APAC BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 64 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY POWER 2020−2029 ($ MILLION)
TABLE 65 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 66 ELECTRIC OUTBOARD MOTORS MARKET IN MIDDLE EAST & AFRICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 67 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY POWER 2020−2029 ($ MILLION)
TABLE 68 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY APPLICATION 2020−2029 ($ MILLION)
TABLE 69 ELECTRIC OUTBOARD MOTORS MARKET IN LATIN AMERICA BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 70 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY POWER 2020−2029 ($ MILLION)
TABLE 71 GLOBAL 5KW–50KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 72 GLOBAL UP TO 5KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 73 GLOBAL ABOVE 50 KW ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 74 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY APPLICATION 2020−2029 ($ MILLION)
TABLE 75 GLOBAL RECREATIONAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 76 GLOBAL COMMERCIAL ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 77 GLOBAL MILITARY ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 78 GLOBAL ELECTRIC OUTBOARD MOTORS MARKET BY BOAT LENGTH 2020−2029 ($ MILLION)
TABLE 79 GLOBAL LESS THAN 30 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 80 GLOBAL 30 FT–50 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 81 GLOBAL MORE THAN 50 FT ELECTRIC OUTBOARD MOTORS MARKET BY GEOGRAPHY 2020−2029 ($ MILLION)
TABLE 82 CURRENCY CONVERSION 2017−2023

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