Inboard Engine Trends and Forecast
The future of the global inboard engine market looks promising with opportunities in the commercial, recreational, and military markets. The global inboard engine market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are rising demand for recreational boating, growing boat ownership and increasing adoption of inboard engines in smaller boats, as well as, improved economy and rising government funding for infrastructure development.A more than 150-page report is developed to help in your business decisions.
Inboard Engine by Segment
The study includes a forecast for the global inboard engine by type, application, and region.Inboard Engine Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Diesel Engines
- Electric Engines
- Others
Inboard Engine Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Commercial
- Recreational
- Military
Inboard Engine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Inboard Engine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies inboard engine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the inboard engine companies profiled in this report include-- Torqeedo
- Volvo Penta
- Caterpillar
- Mitsubishi Marine Engines
- Mercury Marine
- Vetus
- Rolls-Royce
- Cummins
- YANMAR
- Indmar Products
Inboard Engine Market Insights
The report forecasts that electric engines is expected to witness the higher growth over the forecast period due to advancements in battery technology and the broad accessibility of these batteries, as well as, electric engines release fewer pollutants, are more comfortable to use, and produce less noise.APAC is expected to witness highest growth over the forecast period due to increase in the maritime tourism industry's expansion combined with shifting customer purchasing patterns in the region.
Features of the Global Inboard Engine Market
- Market Size Estimates: Inboard engine market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Inboard engine market size by type, application, and region in terms of value ($B).
- Regional Analysis: Inboard engine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the inboard engine market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the inboard engine market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the inboard engine market size?Answer: The global inboard engine market is expected to reach an estimated $1.9 billion by 2030.
Q2. What is the growth forecast for inboard engine market?
Answer: The global inboard engine market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the inboard engine market?
Answer: The major drivers for this market are rising demand for recreational boating, growing boat ownership and increasing adoption of inboard engines in smaller boats, as well as, improved economy and rising government funding for infrastructure development.
Q4. What are the major segments for inboard engine market?
Answer: The future of the global inboard engine market looks promising with opportunities in the commercial, recreational, and military markets.
Q5. Who are the key inboard engine market companies?
Answer: Some of the key inboard engine companies are as follows:
- Torqeedo
- Volvo Penta
- Caterpillar
- Mitsubishi Marine Engines
- Mercury Marine
- Vetus
- Rolls-Royce
- Cummins
- YANMAR
- Indmar Products
Answer: The report forecasts that electric engines is expected to witness the higher growth over the forecast period due to advancements in battery technology and the broad accessibility of these batteries, as well as, electric engines release fewer pollutants, are more comfortable to use, and produce less noise.
Q7. In inboard engine market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increase in the maritime tourism industry's expansion combined with shifting customer purchasing patterns in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the inboard engine market by type (diesel engines, electric engines, and others), application (commercial, recreational, and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Inboard Engine Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Torqeedo
- Volvo Penta
- Caterpillar
- Mitsubishi Marine Engines
- Mercury Marine
- Vetus
- Rolls-Royce
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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