Marine Outboard Engines Market Report 2026

The marine outboard engines market size has grown steadily in recent years. It will grow from $4.56 billion in 2025 to $4.73 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to growth of small boat ownership, popularity of fishing vessels, two-stroke engine dominance, coastal tourism growth, marine leisure activities.

The marine outboard engines market size is expected to see steady growth in the next few years. It will grow to $5.48 billion in 2030 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to emission regulations, electrification trends in small vessels, demand for low-noise engines, smart engine diagnostics, recreational boating expansion. Major trends in the forecast period include shift toward fuel-efficient outboard engines, growing preference for four-stroke engines, adoption of electronic fuel injection, demand for lightweight designs, expansion of recreational boating.

The rising demand for marine transportation is expected to drive the growth of the marine outboard engine market in the coming years. Maritime transport involves moving goods or people via sea routes. Marine outboard engines, which are attached to boats, enhance speed and allow vessels to navigate more efficiently through water. As marine transportation increases, the demand for outboard engines rises accordingly. For example, in March 2023, Statistics Finland, a Finland-based government agency, reported that Finland transported 1.2 million metric tons of goods via general cargo in 2023, with 0.7 million passengers in traffic, import volumes rising 10% to 4 million metric tons, and foreign shipping traffic totaling 7.4 million metric tons. Therefore, the growing marine transportation sector is boosting the marine outboard engine market.

Key players in the marine outboard engine market are directing their efforts towards advanced solutions such as high-performance premium outboard marine engines to address the increasing demand for improved efficiency and power in marine applications. High-performance premium outboard marine engines are top-of-the-line propulsion systems designed for boats, renowned for their exceptional speed, efficiency, and advanced features. For example, in September 2023, Honda Marine, a US-based marine engine manufacturer, introduced the V8 outboard engine, known as the BF350. Boasting a 5-liter V8 capacity, this engine delivers an impressive 350 horsepower and incorporates advanced technologies such as Variable Valve Timing and Lift Electronic Control (VTEC). Engineered for robust acceleration, minimal noise, and vibration, the BF350 represents the pinnacle of high-performance premium outboard marine engines, featuring distinctive designs that aim to set new industry benchmarks.

In January 2024, Yamaha Motor Co., Ltd., a Japan-based manufacturer of marine engines and motorized products, acquired Torqeedo GmbH for an undisclosed amount. This acquisition enables Yamaha to expand its electric marine propulsion capabilities for outboard and inboard motors by integrating Torqeedo’s advanced electric motor and accessory technologies, strengthening its portfolio in carbon-neutral and electrified marine solutions. Torqeedo GmbH, based in Germany, specializes in innovative electric outboard and inboard motors and related marine accessories.

Major companies operating in the marine outboard engines market are Honda Motor Co. Ltd., Selva SpA, AB Volvo, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., Brunswick Corporation, YANMAR Marine International B.V., Hidea Power Machinery Co. Ltd., Parsun Power Machine Co. Ltd., Mercury Marine, LEHR Holdings LLC, Cimco Marine AB, Oxe Marine AB, Cox Powertrain Ltd., Tohatsu Corporation, Hangzhou Hidea Power Machinery Co. Ltd., Yongkang Longxiao Industry And Trade Co. Ltd., Suzhou Parsun Power Machine Co. Ltd.

North America was the largest region in the marine outboard engines market in 2025. The regions covered in the marine outboard engines market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine outboard engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The marine outboard engine market consists of sales of verado 600HP outboard engines, seapro 500HP outboard engine, and pro xs outboard engine, and jet outboard engines. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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