Global Electric Outboard Motors Market Growth 2025-2031

The global Electric Outboard Motors market size is predicted to grow from US$ 276 million in 2025 to US$ 389 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

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 electric outboard motor market is experiencing significant growth, driven by advancements in battery technology, increasing demand for environmentally friendly marine propulsion solutions, and evolving consumer preferences. Electric outboard motors are seen as a viable alternative to traditional gasoline-powered outboard motors, offering lower emissions, reduced noise pollution, and more efficient energy use, making them particularly attractive for recreational boating and commercial marine applications.

Product Types

The electric outboard motor market can be segmented into different product categories based on their power output.

Among these categories, Above 100hp is the fastest-growing product type. This growth is primarily due to the increasing need for high-power electric motors that can handle larger boats and commercial applications, where more power is required for long-distance cruising or heavy-duty use. As battery technology continues to improve, more powerful electric motors are being developed to meet the needs of larger vessels. These motors offer higher torque and extended range, which make them suitable for recreational boats, commercial boats, and even larger municipal and official boats.

In contrast, motors in the 10hp and Below and 10.1-35hp segments continue to dominate in the recreational boating sector, where the demand for smaller, more energy-efficient motors is high. These motors are ideal for small to medium-sized boats, which are commonly used for leisure activities like fishing, family outings, and short-distance travel.

Applications

The electric outboard motor market has a wide range of applications across various boat types, including: Recreation Boats, Commercial Boats, Municipal and Official Boats.

Recreation Boats: Electric outboard motors are widely used in recreational boating, where quiet operation, eco-friendliness, and ease of use are highly valued. These boats account for a substantial portion of the market, with Recreation Boats holding around 65% of the global market share. The demand for electric outboard motors in this segment is fueled by the growing popularity of outdoor recreational activities and the increasing environmental awareness of consumers. The ability to operate without noise and exhaust emissions makes electric motors an attractive option for individuals who enjoy fishing, cruising, or other water activities.

Regional Market Insights

North America remains the largest consumer market for electric outboard motors, accounting for approximately 39% of the global market share. The United States and Canada, in particular, have seen significant growth in the adoption of electric boating solutions, driven by a combination of environmental regulations, technological innovation, and consumer demand for sustainable products. Additionally, the growing trend of "green" tourism, as well as government incentives for adopting eco-friendly technologies, has spurred interest in electric outboard motors in the region.

Other regions, such as Europe and Asia-Pacific, are also contributing to the growth of the market. In Europe, strong environmental policies and a preference for sustainable solutions in marine transport are fueling demand for electric outboard motors. The Asia-Pacific region is witnessing an increase in demand due to the growing boating culture and rising environmental concerns.

Conclusion

In conclusion, the electric outboard motor market is witnessing rapid growth, with significant advances in motor power and battery technology. The Above 100hp category is the fastest-growing segment, driven by the increasing demand for high-powered motors for larger boats and commercial vessels. Recreation Boats continue to hold the largest market share, with the demand for electric outboard motors in this segment fueled by environmental concerns and the desire for quieter, cleaner boating experiences. North America remains the largest consumer market, but other regions such as Europe and Asia-Pacific are also showing strong growth potential.

As the industry continues to innovate and improve the performance and efficiency of electric outboard motors, the market is expected to expand further, offering more opportunities for both manufacturers and consumers. The shift toward electric propulsion in the boating industry aligns with broader trends in sustainability and eco-consciousness, providing a clear path for continued growth in the coming years.

LP Information, Inc. (LPI) ' newest research report, the “Electric Outboard Motors Industry Forecast” looks at past sales and reviews total world Electric Outboard Motors sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Outboard Motors sales for 2025 through 2031. With Electric Outboard Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Outboard Motors industry.

This Insight Report provides a comprehensive analysis of the global Electric Outboard Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Outboard Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Outboard Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Outboard Motors and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Outboard Motors.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Outboard Motors market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
10hp and Below 10hp
10.1-35hp
35.1-100hp
Above 100hp

Segmentation by Application:
Recreation Boat
Commercial Boat
Municipal and Official Boat

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Minn Kota
Torqeedo
Mercury (MotorGuide)
ePropulsion Technology
CSM Tech
Pure Watercraft
AquaWatt
Haibo
Krautler Elektromaschinen
Aquamot
Elco Motor Yachts
Ray Electric Outboards
ACEL Power Inc
Evoy AS
Parsun Power

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Outboard Motors market?

What factors are driving Electric Outboard Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Outboard Motors market opportunities vary by end market size?

How does Electric Outboard Motors break out by Type, by Application?

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