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Small Marine Engines Market Size to Reach $10.3 billion by 2027

[225 Pages Report] The small marine engines market is expected to grow from an estimated USD 7.8 billion in 2022 to USD 10.3 billion by 2027, at a CAGR of 5.5% during the forecast period. The small marine engines market growth is dependent significantly on the development of the boat manufacturing industry, as commissioning of boats would result in an increase in the number of orders for small marine engines for those boats/vessels. Retrofitting of existing vessels with newer engines as emission regulations become more stringent may also lead to an increase in the number of orders for small ma

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Small Marine Engines Market Size to Reach $10.3 billion by 2027

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  1. Small Marine Engines Market by Model (Gasoline, Diesel, Electric), Placement (Outboard, Inboard), Application (Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats), Displacement (Up to 2 L, 2-4 L, 4-6 L) and Region - Global Forecast to 2027 www.MarketsandMarkets.com

  2. The small marine engines market size is estimated to be USD 10.3 billion by 2027 (forecast year) from USD 7.8 billion in 2022 (estimated year), at a CAGR of 5.5% during the forecast period. The global small marine engines market is expected to witness significant growth during the forecast period, owing to the surge in fishing activities and the resultant increase in demand for commercial vessels. However, stringent environmental regulations for decarbonization worldwide, and the lack of infrastructure in developing economies are likely to hamper the growth of the small marine engines market. View detailed Table of Content here –https://www.marketsandmarkets.com/Market-Reports/small-marine-engines-market-244572295.html

  3. 4-6 L segment by displacement are expected to occupy majority of the small marine engines market share Small marine engines market has been segmented based upon type into up to 2 L, 2-4 L, and 4-6 L. The displacement range of about 6 L and below is used for small marine engines that are installed in recreational boats, support vessels, coastal boats, etc. The 4-6 L segment is projected to hold the highest market share during the forecast period because engines of 4–6 L feature common-rail fuel injection, double overhead camshafts, and turbo. They offer high reliability, exceptional fuel efficiency, and low maintenance cost. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=244572295

  4. Recreational boats by application is expected to dominate the market Recreational boats include yachts, cruiser boats, and others (sailboats and catamaran). The recreational boating sector focusing on reducing the carbon emissions with the related practices for disposing boats once they reach their end of operating life. Europe and North America are expected to generate high demand for recreational boats during the forecast period because the commercial adoption of boats has increased significantly in these regions. Other countries such as Belgium and Croatia have observed a significant growth in the recreational boat market.

  5. Browse >> 266market data tables 63 figures 271 pagesand in-depth TOC on “Small Marine Engines Market - Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. North America likely to emerge as the largest small marine engines market The recreational boating industry especially in the US is mostly focused on the coastal areas. Government investments in recreational boating activities and infrastructural activities for economic recovery are likely to drive the small marine engines market in North America. The recreational boat market in North America is expected to be the largest market across the world due to high demand for leisure boating and water-sports in the region. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=244572295

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Small Marine Engines Market. These include • Yamaha Motor Co., Ltd. (Japan), • Yanmar Co. Ltd. (Japan), • Brunswick Corporation (US), • Suzuki Motor Corporation (Japan), • Honda Motor Co., Ltd. (Japan) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=244572295

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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