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Global Marine Inboard Engines Market 2017-2021

Global Marine Inboard Engines Market 2017-2021

About Marine Inboard Engines

Marine inboard engines are mainly used in yachts and in some powerboats. More than one inboard engines are equipped in yachts as engines with more power and torque are required to drive yachts. Powerboats are equipped either with inboard or outboard engines. More than 80% of powerboats are equipped with outboard engines, making the presence of outboard engines more dominant in powerboats. There has been a growing trend of lightweight yachts to enhance speed and efficiency, and it has also been observed that lightweight yachts have lower maintenance and consumes less energy to manufacture.

Technavio’s analysts forecast the global marine inboard engines market to grow at a CAGR of 2.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine inboard engines market for 2017-2021. To calculate the market size, the report considers the bottom-up approach where the volume of the vehicles equipped with inboard engines has been taken into consideration.

The market is divided into the following segments based on geography:

  • Europe
  • ROW
  • US
Technavio's report, Global Marine Inboard Engines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Mercury Marine
  • Caterpillar
  • Cummins
  • Volvo Penta
Other prominent vendors
  • Yamaha
  • Honda
  • Suzuki
Market driver
  • Strong revival of the US and European economies.
  • For a full, detailed list, view our report
Market challenge
  • Less participation from younger generation in water-related recreational activities.
  • For a full, detailed list, view our report
Market trend
  • Growing pursuit for alternative fuel propulsion technology.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Inboard Engines Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine inboard engines market: Mercury Marine, Caterpillar, Cummins, and Volvo Penta.

Other Prominent Vendors in the market are: Yamaha, Honda, and Suzuki.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is penetration of hybrid turbochargers. The marine industry has put substantial investment in R&D to cut down harmful emissions from boats, along with improving fuel economy and reducing operating cost. The marine industry has seen many developments in the past mainly for developing waste energy recovery systems such as economizers, which perform the same function as exhaust gas recirculation (EGR) in automotive engines, and turbochargers.”

According to the report, one driver in market is strong revival of the US and European markets. The boating industry was adversely impacted by the 2008 recession. The recession remained for over 20 months and negatively affected consumer spending on recreational activities. The financial downturn of 2008-2009 had a major impact on the sales of inboard engine sales in the US. Another factor contributing to the inboard motor sales is the creation of innovative, more versatile, and accessible boats that appeal to a variety of interests and budgets. The number of boating participants in the US also started increasing since 2012, leading to the increase in the sales of inboard engines.

Further, the report states that one challenges in market is less participation from younger generation in water-related activities. The demographics of boat users is changing drastically. The average age of the participants in recreational activities, such as boating, is increasing. Earlier in 2003, the average age of the people participating in recreational activities was 45 years, which has drastically gone up to 55 years. There is, however, less participation of the younger generation in such activities. There is an increase in the aging population as the percentage of people above 65 years is constantly increasing. In 2015, 14.79% of the total population was above 65 years, and it is likely to grow further in the coming years.

Companies Mentioned

Mercury Marine, Caterpillar, Cummins, Volvo Penta, Yamaha, Honda, and Suzuki.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Segmentation of global marine inboard engines market
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global boat market positioning of major countries/regions
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global marine inboard engines market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global marine inboard engines market by application
      • Table Global marine inboard engines market by application 2016
    • Global marine inboard engines market in powerboats
      • Table Global marine inboard engines market in powerboats segment 2016-2021 (thousands of units)
      • Table Global marine inboard engines market in powerboats by region 2016-2021 (thousands of units)
    • Global marine inboard engines market in yachts
      • Table Global marine inboard engines market in yachts 2016-2021 (thousands of units)
      • Table Global marine inboard engines market in yachts by region 2016-2021 (thousands of units)
  • Market segmentation by geography
    • Global marine inboard engines market by geography
      • Table Global marine inboard engines market by geography 2016 and 2021
    • Marine inboard engines market in US
      • Table Marine inboard engines market in US 2016-2021 (thousands of units)
      • Table Sales analysis of US yacht market by length in 2015
    • Marine inboard engines market in Europe
      • Table Marine inboard engines market in Europe 2016-2021 (thousands of units)
      • Table SWOT analysis of Europe marine industry
    • Marine inboard engines market in ROW
      • Table Marine inboard engines market in ROW 2016-2021 (thousands of units)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Strong revival of the US and European markets
      • Table US GDP 2006-2015 ($ trillions)
      • Table GDP of European Union 2006-2015 ($ trillions)
    • Fall in fuel prices
    • Growth of the boating industry
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Less participation from younger generation in water-related activities
      • Table Percentage of population in US above 65 years
    • Highly volatile and unpredictable consumer demand
    • Harmonization of laws
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rise in sales of pre-owned boats
    • Penetration of hybrid turbochargers
      • Table Schematic diagram of hybrid turbocharger
    • Growing pursuit for alternative fuel propulsion technology
  • Key vendor analysis
    • Competitive landscape
    • Other prominent vendors
    • Mercury Marine
      • Table Mercury Marine: Engine product portfolio
      • Table Mercury Marine: Recent development
    • Caterpillar
      • Table Caterpillar: Recent developments
    • Cummins
      • Table Cummins: Recent developments
    • Volvo Penta
      • Table Volvo Penta: Inboard engines product portfolio
      • Table Volvo Penta: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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