- Outboard Electric Propulsion Motor
- Outboard Electric Trolling Motor
European Outboard Electric Motors Market size was valued at x billion in 2021 and is expected to reach x billion by 2028, at a CAGR of x% during the forecast period 2022 to 2028. Owing to the benefits with advanced technologies such as high efficiency, environmental friendly, easy maintenance, and extremely quiet or silent electric motors. These are characterized by their robustness, sleek design, and reliability developed for long-term use and high efficiency. Furthermore, outboard electrical motors demand is increasing rapidly and there is considerable market potential for outboard electrical motors. Advancements is technology and presence of large number of market players in the Europe are the major factors driving the growth of the market over the forecast years. The report studies European market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, European market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed European market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Fastest Growing Market
Drivers: The increasing demand for outboard electric motors in the marine industry. Restraints: The Purchasing cost of electric motors is higher compared to conventional electric motors.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key playerâ€™s profiles in the European outboard electric motors market include: