Global Market for Outboard Engines Poised to Reach US$ 8.1 Bn Value by 2026-end – Honest Version

Persistence Market Researchs latest market study on outboard engines projects that increasing participation in water sports, considerable growth in the fishing businesses and a rise in recreational tourism are expected to drive the demand for outboard engines in the upcoming years. Key findings from the study reveal that the global outboard engines market will expand robustly at a CAGR of 8.7% and reach a value of US$ 8.1 Bn by the end of the forecast period, 2017-2026.

In the foreseeable future, the demand for outboard engines equipped with four-stroke electronic fuel injection technology is anticipated to gain traction. It is estimated that in 2017, over US$ 1.5 Bn worth of outboard engines running on four-stroke electronic fuel injection technology will be sold across the globe. Higher efficiency of this technology in delivering maximum torque at minimal fuel consumption is anticipated to boost its adoption over other technologies namely, two-stroke carburetion, two-stroke electronic fuel injection, two-stroke direct injection system, and four-stroke carburetion.

Europe to Register Highest Sales of Outboard Engines

A regional analysis on the global outboard engines market has been provided in the report. According to the findings, Europe is anticipated to dominate the global outboard engines market in terms of revenues. Robust growth in Europes fishing industry and increasing investments in maritime operations will continue to drive the sales of outboard engines in the region....

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