Global Marine Propulsion Equipment Market Growth 2025-2031

The global Marine Propulsion Equipment market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

In September 2022, South Korea"s Ministry of Oceans and Fisheries granted Daewoo Shipbuilding & Marine Engineering the rights to build the country"s first hydrogen-powered tugboat by 2026 as part of the country"s efforts to develop environmentally friendly, high-value ships.

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

This Insight Report provides a comprehensive analysis of the global Marine Propulsion Equipment 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 Marine Propulsion Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Propulsion Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Propulsion Equipment 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 Marine Propulsion Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Propulsion Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Less than 20 HP
20-50 HP
More than 50 HP

Segmentation by Application:
Sailboats
Powerboats
Fishing Boats
Yachts
Others

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.
Evoy AS
ePropulsion
Torqeedo
AquaWatt
MotorGuide
Haibo
Minn Kota Motors
Pure Watercraft
Elco Motor Yachts
Parsun

Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine Propulsion Equipment market?

What factors are driving Marine Propulsion Equipment market growth, globally and by region?

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

How do Marine Propulsion Equipment market opportunities vary by end market size?

How does Marine Propulsion Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver. Show more