Inboard Engines Market Growth Potential & Forecast, 2032
As per a recent research report, Inboard Engines Market surpass USD 2.5 Bn by 2032.
The expanding recreational
boating and other water activities are driving the production and sales of
yachts across Europe. Countries such as France, Italy, Germany, and the UK are
among the leader in yacht production in Europe. The imposition of strict emission
and noise regulations by the European Union has created lucrative growth
opportunities for electric boats and ship manufacturers. Multiple developments
in inboard engines along with the addition of features like less noise, longer
lifespan, and a high aftermarket resale value, are likely to increase their
demand.
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As per the recent report, the inboard engines
market share from the electric powered engine segment is expected to witness more
than USD 115 million valuation by 2032. The growing popularity of inboard
electric engines is due to the improvements in battery technology and their
widespread availability. Electric engines create lesser noise and are comfortable
to operate all while emitting fewer pollutants. They are excellent substitutes
for day cruisers and smaller boats. Efforts to adopt cleaner energy sources that
are more efficient would promote the sales of electric-powered inboard engines.
Inboards engine market share from the boating
segment is predicted to witness more than 7.5% CAGR from 2023 to 2032. The
rising sales of recreational boats is expected to fuel the growth in demand for
inboard engines. For instance, according to information provided by the
National Marine Manufacturers Association (NMMA), in 2021, recreational marine
expenditures amounted to USD 56.7 billion, making it the second-highest-ranked
year in the past two decades. The sales of inboard engines in the boating
industry are also being driven by increasing consumer spending on recreational
activities as well as favorable economic growth across the region.
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Partial chapters of report table of contents
(TOC):
2.1 Inboard engines industry 360º synopsis,
2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Power Source trends
2.5 Power trends
2.6 Ignition trends
2.7 Engine trends
2.8 Application trends
Chapter
3 Inboard Engines Industry Insights
3.1 Impact analysis of the COVID-19
pandemic
3.2 Industry ecosystem analysis
3.2.1 Raw material suppliers
3.2.2 Manufacturers
3.2.3 Profit margin trends
3.2.4 Distribution channel analysis
3.2.5 End users
3.2.6 Vendor matrix
3.3 Pricing analysis
3.3.1 Regional pricing
3.3.1.2 Europe
3.3.1.3 Asia Pacific
3.3.1.4 Latin America
3.3.1.5 Middle East & Africa
3.3.2 Cost structure analysis
3.3.2.1 R&D cost
3.3.2.2 Manufacturing & equipment
cost
3.3.2.3 Raw material cost
3.3.2.4 Distribution cost
3.3.2.5 Operating cost
3.3.2.6 Miscellaneous cost
3.4 Technology landscape
3.4.1 V-drive
3.4.2 Direct drive
3.4.3 Variable Valve Timing (VVT)
3.5 Innovation & sustainability
3.6 Regulatory landscape
3.6.1 Exhaust emission standards for
sterndrive/inboard engines
3.6.2 Regulatory framework in the
recreational craft sector
3.6.3 IMO Regulations
3.6.3.1 IMO emission standards
3.6.4 Recreational Craft Directive
3.6.5 Product Emissions Standards Act
2017
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing recreational boating
activities
3.7.1.2 Rising production and sales of
yachts
3.7.1.3 Improved economy and rising
government funding for infrastructure development
3.7.1.4 Growing tourism sector along
with strengthening distribution networks
3.7.1.5 Increasing disposable income
along with surging import & export activities
3.7.2 Industry pitfalls &
challenges
3.7.2.1 Environmental concerns &
increasing regulatory pressure
3.7.2.2 High maintenance associated
with inboard engines
3.8 Growth potential analysis
3.10 PESTLE analysis
3.11 COVID-19 impact
3.11.1 Marine industry
3.11.2 Recreational boating industry
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