According to the 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 anticipated to amass USD 1.5 billion valuation by the year 2027.

Growing penetration of high-powered vessels in commercial applications is boosting the outlook for Asia Pacific outboard engines market. Furthermore, characteristics like quieter nature, better fuel efficiency, and improved adaptability in modern outboard models are likely to augment the industry size in the coming years.

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Based on engine type, the two-stroke segment is estimated to account for USD 635 million by 2027, owing to improved top-end speed and acceleration. Notably, two-stroke engines produce more power as compared to 4-stroke engines having same horsepower.

In terms of fuel type, the gasoline segment is anticipated expand at a CAGR of 7% through 2027, due to ability to provide enhanced range and power output because to continuous advances and innovations in gasoline outboard engine technology.

Whereas diesel segment of Asia Pacific outboard engines industry is poised to rise at a substantial rate of 9.5% throughout the assessment period, due to the emergence of distribution channels and the promotion of heavy-powered diesel motors. Presence of features like superior efficiency, durability, and safety, diesel engines are preferred among the sailors.

On the basis of application, the recreational segment accounted for 75% market share in 2020, thanks to strong economic expansion and flexible work environments that allowed people to spend more time outside.

Speaking of the competitive arena, Powertrain Company, Cox Communications Inc., Torqeedo GmbH, Mudd Hog Mud Motors LLC, Powertec Outboards, Yamaha Motor Co. Ltd., Suzuki Marine, Mercury Marine Inc., and Honda Motor Co. Ltd. are the leading players influencing Asia Pacific outboard engines market outlook.