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Global Marine Outboard Engines Market Driven by High Adoption of Low Power Output Engines: TechnavioAccording to the latest market study released by Technavio, the global marine outboard engines market is expected to grow at a CAGR of more than 4% during the forecast period. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170110006123/en/ 
Technavio has published a new report on the global marine outboard engines market from 2016-2020. (Graphic: Business Wire) This research report titled 'Global Marine Outboard Engines Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. Post the 2008 recession, the US and European economies have shown strong revival. During the recession, the disposable incomes became very low, which inversely impacted the market space. Currently, the market has recovered and is on a healthy trajectory, which is driving the growth of the marine outboard engines market. The introduction of more versatile, innovative boats, which are customized to suit the customers' needs is further propelling market growth. Other key factors helping the market growth are the fall in fuel prices and growth in the boating industry. Region wise, Europe is the market leader with a share of 34% (2015 figures). The major contributors from this region are Finland, France, Spain, Italy, and Germany. The global market is expected to grow to over 1030 thousand units by 2020. Request a sample report: http://www.technavio.com/request-a-sample?report=55480 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Based on engine power, the report categorizes the global outboard engines market into the following segments:
Low power output segment "Regions like Brazil, Canada and Australia have a high prevalence of low power output engines due to the high demand for them from the fishing industry in these areas. Low power output engines are affordable and have a high fuel economy, which makes it a good match for the requirements from the fishing industry. These factors are impacting the high penetration of these engines in the market, making it the most widely adopted outboard engine with a market share of over 53%," says Praveen Kumar (News - Alert), one of the lead analysts at Technavio for powertrain research. The strict regulations set up by the environmental protection agency (EPA) on the carbon emissions for outboard engines and personal watercraft have led to original equipment manufacturers (OEMs) focusing more on the adoption of advanced technologies. Fuel injection technology, migration from two to four-stroke engines, and installation of exhaust after treatment, are now standard in low power output engines to reduce carbon emissions. Mid-power output segment Mid-power output outboard engines are mainly used for water sports activities, as they require slightly more power. Since adventure tourism and water sports activities are very popular in the US, the region generates maximum demand for mid-power output engines. Some of the popular mid-power output outboard engines are Honda (News - Alert) BF90, Mercury 90, Suzuki DF90, Tohatsu M90A and Mercury 90 EFI. In 2015, the US constituted for 32.33% of the global marine outboard engines market in mid-power output type segment, followed by Europe with 32.22%. ROW occupied 35.45% of the market, with Australia, Brazil, and Canada contributing the highest revenue. Analysts at Technavio forecast the global marine outboard engines in the mid-power output segment to grow at a CAGR of 5.15%. High-power output segment High-power outboard engines are typically used where the shaft size is 25 inches or more, in boats that can reach speeds of 60 mph and above. OEMs are currently focusing on improving the fuel economy to get government certifications, by improving fuel injection technology used and deletion of the carburetor. This is mainly used in large outboard engines as this technology provides a better power-to-weight ratio to the boat. OEMs are also using other advanced technologies such as four-stroke fuel injection technology, four-stroke throttle body fuel injection, and electronic control modules to get the fuel economy benefits. "In 2015, the US constituted for over 58% of the global marine outboard engines market in the high-power output outboard engines segment followed by ROW and Europe. In the US, consumers show a preference towards high-power output outboard engines with engine power greater than 100 hp, which is a major driving factor for this market segment," says Praveen. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments like auto accessories, automotive electronics, and wheels and tires. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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