According to the market research report titled ‘Asia Pacific Outboard Engines Market Forecast 2027 By Power, By Engine Type, By Fuel Type, By Ignition Type, By Applications, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific outboard engines market is projected to record a healthy growth rate and amass a valuation of around USD 1.5 billion by 2027.
 

As per report findings, expanding applications of high-powered vessels in commercial applications is stimulating the growth of Asia Pacific outboard engines market.

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Notably, outboard engines are fuel efficient, quieter, and versatile than counterparts. These benefits have favored their use in commercial sector.

Moving on to segmentation, the business sphere is neatly classified in terms of engine type (2-stroke, 4-stroke, electric), fuel (diesel, electric, gasoline), ignition type (electric, manual), power (low, mid, high), application (commercial, recreational, military) and country (India, China, Japan, New Zealand, Australia, Indonesia, Thailand, South Korea, Rest of APAC).

Considering engine type, the 2-stroke engine segment is expected to capture a valuation of more than USD 635 million by 2027. The product demand can be credited to higher power output than the 4-stroke engine of the same horsepower. The higher top speed end and acceleration of 2-stroke engine makes it an excellent choice for smaller boats.

In terms of fuel, gasoline is the most popular as it can produce an output of anything ranging from 1.4 – more than 300 horsepower. Engines that run on gasoline are either hydraulically connected to a steering wheel or operated with the aid of a throttle. Innovations and technological advancements have greatly improved the range and power output of gasoline based outboard engines.

Meanwhile, diesel powered engines segment are quickly gaining prominence among consumers and is slated to record a stable growth rate of 9.5% through the evaluation period. This can be attributed to favorable product characteristics like  low volatility efficiency and durability along with the positive impact of emergence of several distribution channels that encourage the utilization of robust diesel motors and engines for outboard boats.  

The competitive trends of outboard engines market in Asia Pacific is majorly influenced by key players such as Mercury Marine, Inc., Suzuki Marine, Yamaha Motor Co., Ltd., Cox Automotive Mudd Hog Mud Motors LLC, Torqeedo GmbH, Cox Automotive, Honda Motor Company Ltd., and Powertrain Company.