GITNUXREPORT 2026

Outboard Motor Industry Statistics

The outboard motor industry is growing significantly, led by North America and recreational boating.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Statistic 1

Electric outboard motors saw a 25% sales increase in 2023, reaching 50,000 units globally.

Statistic 2

70% of new outboard motors sold in 2023 were 4-stroke engines, up from 60% in 2020.

Statistic 3

Low-emission outboard models compliant with EPA Tier 3 standards comprised 80% of U.S. sales in 2023.

Statistic 4

Fuel-injected outboards represented 45% of global production in 2023.

Statistic 5

The market size for electric outboards is projected to grow from $0.5 billion in 2023 to $2.1 billion by 2030 at 22% CAGR.

Statistic 6

40hp-90hp outboard segment sales grew 15% to 350,000 units in 2023.

Statistic 7

Hybrid outboard prototypes tested, with 5,000 units in pilot sales 2023.

Statistic 8

CARB-compliant outboards were 90% of California sales in 2023.

Statistic 9

Digital throttle/shift systems in 60% of new outboards sold 2023.

Statistic 10

Recyclable materials used in 30% of outboard components by major manufacturers in 2023.

Statistic 11

Biofuel-compatible outboards launched, 10% of new models in 2023.

Statistic 12

Smart diagnostics in outboards reached 50% adoption in premium models 2023.

Statistic 13

EU Stage V emissions compliance for 75% of European outboard sales 2023.

Statistic 14

Lightweight composite propellers used in 35% of outboards 2023.

Statistic 15

Solar-assisted charging for small electrics piloted with 2,000 units in 2023.

Statistic 16

Hydrogen fuel cell outboard prototypes 100 units tested 2023.

Statistic 17

AI-optimized fuel management in 20% premium outboards 2023.

Statistic 18

Zero-emission zones boosted electric outboards 40% in EU ports 2023.

Statistic 19

Carbon fiber hull integration for outboards in 10% racing models 2023.

Statistic 20

Battery capacity avg 5kWh for electric outboards doubled since 2020 by 2023.

Statistic 21

Mercury Marine holds 30% global market share in outboard motors as of 2023.

Statistic 22

Yamaha Motor is the largest outboard producer with 35% market share in 2022.

Statistic 23

Honda Marine produced 150,000 outboard units in 2023, focusing on 4-stroke models.

Statistic 24

Tohatsu Corporation's outboard sales reached 120,000 units in FY2023.

Statistic 25

Suzuki Marine reported 90,000 outboard engines sold worldwide in 2023.

Statistic 26

BRP's Marine Propulsion Group revenue from outboards was CAD 1.2 billion in FY2023.

Statistic 27

Torqeedo (electric) sold 12,000 units in 2023.

Statistic 28

Selva Marine (Italy) produced 25,000 outboards in 2023.

Statistic 29

Seven Marine high-performance outboards sold 1,500 units in 2023.

Statistic 30

Volvo Penta outboard sales reached 18,000 units in Europe 2023.

Statistic 31

Parsun (China) outboard sales 80,000 units in 2023.

Statistic 32

Hidea Marine exported 40,000 outboards in 2023.

Statistic 33

Nissan Marine produced 30,000 units under Tohatsu license in 2023.

Statistic 34

EPropulsion electric outboards sold 8,000 units in 2023.

Statistic 35

Mercury Verado series sales 100,000 units cumulative 2023.

Statistic 36

Honda BF series outboards 80% 4-stroke market penetration 2023.

Statistic 37

Tohatsu MD series sold 50,000 in Asia 2023.

Statistic 38

Suzuki DF350 sales 15,000 units global 2023.

Statistic 39

Elco electric motors 3,000 units commercial 2023.

Statistic 40

The global outboard motor market size was valued at USD 4.8 billion in 2023 and is projected to reach USD 7.2 billion by 2030, growing at a CAGR of 5.9%.

Statistic 41

In 2022, the outboard engine market generated revenues of approximately $4.5 billion worldwide.

Statistic 42

The Asia-Pacific outboard motor market is expected to grow at the highest CAGR of 6.8% from 2024 to 2032 due to rising boating activities.

Statistic 43

North American outboard motor market accounted for 42% of global revenue in 2023.

Statistic 44

The recreational boating segment dominated the outboard motor market with a 55% share in 2023.

Statistic 45

Global outboard motor market CAGR was 4.2% from 2018-2023.

Statistic 46

U.S. outboard motor retail sales value reached $2.8 billion in 2023.

Statistic 47

Commercial segment of outboard market valued at $1.2 billion in 2023 globally.

Statistic 48

Portable outboards (under 30hp) held 25% market share by value in 2023.

Statistic 49

High-horsepower outboards (over 100hp) grew 7% in market value to $2.1 billion in 2023.

Statistic 50

Global outboard aftermarket parts market valued at $1.1 billion in 2023.

Statistic 51

Outboard motor market in India grew 18% to $150 million in 2023.

Statistic 52

Used outboard market transactions hit 500,000 units globally in 2023.

Statistic 53

Rental outboard fleet size expanded 10% to 100,000 units worldwide 2023.

Statistic 54

Outboard motor market projected CAGR 6.1% 2024-2032 globally.

Statistic 55

Military outboard segment valued at $300 million in 2023.

Statistic 56

PWC-attached outboards market $200 million in 2023.

Statistic 57

Global outboard motor shipments reached 1.2 million units in 2023, up 8% from 2022.

Statistic 58

Mercury Marine sold 285,000 outboard motors in 2022, representing a 12% increase YoY.

Statistic 59

Yamaha Motor Co. reported outboard sales of 420,000 units globally in FY2023.

Statistic 60

BRP Inc. shipped 85,000 Evinrude and Rotax outboards before discontinuation, with 2022 sales at 75,000 units.

Statistic 61

U.S. retail sales of outboard motors totaled 220,000 units in 2023.

Statistic 62

Worldwide outboard production hit 1.35 million units in 2023.

Statistic 63

Canada outboard retail sales were 28,000 units in 2023.

Statistic 64

Europe saw 180,000 outboard units retailed in 2023.

Statistic 65

China outboard production capacity reached 300,000 units annually in 2023.

Statistic 66

Australia/New Zealand outboard sales totaled 35,000 units in 2023.

Statistic 67

250hp+ outboards sales reached 25,000 units in 2023.

Statistic 68

Mexico outboard retail sales 22,000 units in 2023.

Statistic 69

UK outboard registrations up 9% to 28,000 in 2023.

Statistic 70

South Korea outboard production 50,000 units in 2023.

Statistic 71

Global average outboard price rose 6% to $8,500 in 2023.

Statistic 72

30hp and under portable outboards sales 400,000 units 2023.

Statistic 73

Germany outboard sales 22,000 units in 2023.

Statistic 74

France recreational outboard retail 18,000 units 2023.

Statistic 75

Thailand outboard market 25,000 units sold 2023.

Statistic 76

Yamaha U.S. sales 120,000 outboards in 2023.

Statistic 77

North America held 38% of global outboard motor market share in 2023 by volume.

Statistic 78

Europe outboard motor market volume was 250,000 units in 2022, with 15% growth expected by 2028.

Statistic 79

Asia-Pacific region accounted for 28% of global outboard sales in 2023, led by Japan and China.

Statistic 80

In 2023, the U.S. represented 65% of North American outboard motor shipments.

Statistic 81

Latin America outboard market grew 10% in 2023, with Brazil contributing 40% of regional volume at 45,000 units.

Statistic 82

Japan imported 15% of its outboard needs, 60,000 units in 2023.

Statistic 83

Middle East outboard market volume was 20,000 units in 2023, growing 12%.

Statistic 84

Africa outboard sales primarily portable models at 40,000 units in 2023.

Statistic 85

Southeast Asia outboard market share was 15% globally in 2023.

Statistic 86

Scandinavia outboard market volume 45,000 units in 2023.

Statistic 87

Caribbean islands outboard sales 12,000 units, mostly portable.

Statistic 88

Russia outboard imports fell 20% to 15,000 units in 2023.

Statistic 89

Oceania outboard market valued at $450 million in 2023.

Statistic 90

Mediterranean Europe outboard volume 60,000 units 2023.

Statistic 91

Gulf Cooperation Council outboard sales 10,000 units 2023.

Statistic 92

Indonesia outboard production 70,000 units local 2023.

Statistic 93

New Zealand imports 20,000 outboards 2023.

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The global outboard motor market is surging toward a $7.2 billion horizon, powered by a wave of innovation and booming recreational boating across the globe.

Key Takeaways

The global outboard motor market size was valued at USD 4.8 billion in 2023 and is projected to reach USD 7.2 billion by 2030, growing at a CAGR of 5.9%.
In 2022, the outboard engine market generated revenues of approximately $4.5 billion worldwide.
The Asia-Pacific outboard motor market is expected to grow at the highest CAGR of 6.8% from 2024 to 2032 due to rising boating activities.
Global outboard motor shipments reached 1.2 million units in 2023, up 8% from 2022.
Mercury Marine sold 285,000 outboard motors in 2022, representing a 12% increase YoY.
Yamaha Motor Co. reported outboard sales of 420,000 units globally in FY2023.
North America held 38% of global outboard motor market share in 2023 by volume.
Europe outboard motor market volume was 250,000 units in 2022, with 15% growth expected by 2028.
Asia-Pacific region accounted for 28% of global outboard sales in 2023, led by Japan and China.
Mercury Marine holds 30% global market share in outboard motors as of 2023.
Yamaha Motor is the largest outboard producer with 35% market share in 2022.
Honda Marine produced 150,000 outboard units in 2023, focusing on 4-stroke models.
Electric outboard motors saw a 25% sales increase in 2023, reaching 50,000 units globally.
70% of new outboard motors sold in 2023 were 4-stroke engines, up from 60% in 2020.
Low-emission outboard models compliant with EPA Tier 3 standards comprised 80% of U.S. sales in 2023.

The outboard motor industry is growing significantly, led by North America and recreational boating.

Innovations and Sustainability

Electric outboard motors saw a 25% sales increase in 2023, reaching 50,000 units globally.
70% of new outboard motors sold in 2023 were 4-stroke engines, up from 60% in 2020.
Low-emission outboard models compliant with EPA Tier 3 standards comprised 80% of U.S. sales in 2023.
Fuel-injected outboards represented 45% of global production in 2023.
The market size for electric outboards is projected to grow from $0.5 billion in 2023 to $2.1 billion by 2030 at 22% CAGR.
40hp-90hp outboard segment sales grew 15% to 350,000 units in 2023.
Hybrid outboard prototypes tested, with 5,000 units in pilot sales 2023.
CARB-compliant outboards were 90% of California sales in 2023.
Digital throttle/shift systems in 60% of new outboards sold 2023.
Recyclable materials used in 30% of outboard components by major manufacturers in 2023.
Biofuel-compatible outboards launched, 10% of new models in 2023.
Smart diagnostics in outboards reached 50% adoption in premium models 2023.
EU Stage V emissions compliance for 75% of European outboard sales 2023.
Lightweight composite propellers used in 35% of outboards 2023.
Solar-assisted charging for small electrics piloted with 2,000 units in 2023.
Hydrogen fuel cell outboard prototypes 100 units tested 2023.
AI-optimized fuel management in 20% premium outboards 2023.
Zero-emission zones boosted electric outboards 40% in EU ports 2023.
Carbon fiber hull integration for outboards in 10% racing models 2023.
Battery capacity avg 5kWh for electric outboards doubled since 2020 by 2023.

Innovations and Sustainability Interpretation

While the traditional four-stroke engine still dominates sales with a 70% market share, a clear and increasingly powerful current of change is electrifying the industry, as seen in electric motors' 25% sales jump and a market size projected to quadruple by 2030, all while cleaner, smarter, and more efficient technologies—from widespread emissions compliance to AI fuel management—steadily become the new standard.

Key Manufacturers

Mercury Marine holds 30% global market share in outboard motors as of 2023.
Yamaha Motor is the largest outboard producer with 35% market share in 2022.
Honda Marine produced 150,000 outboard units in 2023, focusing on 4-stroke models.
Tohatsu Corporation's outboard sales reached 120,000 units in FY2023.
Suzuki Marine reported 90,000 outboard engines sold worldwide in 2023.
BRP's Marine Propulsion Group revenue from outboards was CAD 1.2 billion in FY2023.
Torqeedo (electric) sold 12,000 units in 2023.
Selva Marine (Italy) produced 25,000 outboards in 2023.
Seven Marine high-performance outboards sold 1,500 units in 2023.
Volvo Penta outboard sales reached 18,000 units in Europe 2023.
Parsun (China) outboard sales 80,000 units in 2023.
Hidea Marine exported 40,000 outboards in 2023.
Nissan Marine produced 30,000 units under Tohatsu license in 2023.
EPropulsion electric outboards sold 8,000 units in 2023.
Mercury Verado series sales 100,000 units cumulative 2023.
Honda BF series outboards 80% 4-stroke market penetration 2023.
Tohatsu MD series sold 50,000 in Asia 2023.
Suzuki DF350 sales 15,000 units global 2023.
Elco electric motors 3,000 units commercial 2023.

Key Manufacturers Interpretation

In a sea of gas-powered giants battling for supremacy with hundreds of thousands of units, electric outboards are still just treading water, whispering promises of a future revolution while the big dogs fight over the present dock space.

Market Size and Growth

The global outboard motor market size was valued at USD 4.8 billion in 2023 and is projected to reach USD 7.2 billion by 2030, growing at a CAGR of 5.9%.
In 2022, the outboard engine market generated revenues of approximately $4.5 billion worldwide.
The Asia-Pacific outboard motor market is expected to grow at the highest CAGR of 6.8% from 2024 to 2032 due to rising boating activities.
North American outboard motor market accounted for 42% of global revenue in 2023.
The recreational boating segment dominated the outboard motor market with a 55% share in 2023.
Global outboard motor market CAGR was 4.2% from 2018-2023.
U.S. outboard motor retail sales value reached $2.8 billion in 2023.
Commercial segment of outboard market valued at $1.2 billion in 2023 globally.
Portable outboards (under 30hp) held 25% market share by value in 2023.
High-horsepower outboards (over 100hp) grew 7% in market value to $2.1 billion in 2023.
Global outboard aftermarket parts market valued at $1.1 billion in 2023.
Outboard motor market in India grew 18% to $150 million in 2023.
Used outboard market transactions hit 500,000 units globally in 2023.
Rental outboard fleet size expanded 10% to 100,000 units worldwide 2023.
Outboard motor market projected CAGR 6.1% 2024-2032 globally.
Military outboard segment valued at $300 million in 2023.
PWC-attached outboards market $200 million in 2023.

Market Size and Growth Interpretation

While North America continues to throttle the outboard market, the rising global tide of recreational boating, especially in the high-horsepower Asia-Pacific region, proves that humanity's quest to flee land and its problems is a reliably expensive and growing industry.

Production and Sales Volumes

Global outboard motor shipments reached 1.2 million units in 2023, up 8% from 2022.
Mercury Marine sold 285,000 outboard motors in 2022, representing a 12% increase YoY.
Yamaha Motor Co. reported outboard sales of 420,000 units globally in FY2023.
BRP Inc. shipped 85,000 Evinrude and Rotax outboards before discontinuation, with 2022 sales at 75,000 units.
U.S. retail sales of outboard motors totaled 220,000 units in 2023.
Worldwide outboard production hit 1.35 million units in 2023.
Canada outboard retail sales were 28,000 units in 2023.
Europe saw 180,000 outboard units retailed in 2023.
China outboard production capacity reached 300,000 units annually in 2023.
Australia/New Zealand outboard sales totaled 35,000 units in 2023.
250hp+ outboards sales reached 25,000 units in 2023.
Mexico outboard retail sales 22,000 units in 2023.
UK outboard registrations up 9% to 28,000 in 2023.
South Korea outboard production 50,000 units in 2023.
Global average outboard price rose 6% to $8,500 in 2023.
30hp and under portable outboards sales 400,000 units 2023.
Germany outboard sales 22,000 units in 2023.
France recreational outboard retail 18,000 units 2023.
Thailand outboard market 25,000 units sold 2023.
Yamaha U.S. sales 120,000 outboards in 2023.

Production and Sales Volumes Interpretation

The global outboard motor market is riding a powerful wave of growth, yet beneath the surface its currents are complex and telling: Mercury is chasing Yamaha's commanding sales lead, the world is buying a lot of small engines and a few giant ones, the U.S. remains the king of retail, and China's rising production capacity looms on the horizon like a coming tide.

Regional Distribution

North America held 38% of global outboard motor market share in 2023 by volume.
Europe outboard motor market volume was 250,000 units in 2022, with 15% growth expected by 2028.
Asia-Pacific region accounted for 28% of global outboard sales in 2023, led by Japan and China.
In 2023, the U.S. represented 65% of North American outboard motor shipments.
Latin America outboard market grew 10% in 2023, with Brazil contributing 40% of regional volume at 45,000 units.
Japan imported 15% of its outboard needs, 60,000 units in 2023.
Middle East outboard market volume was 20,000 units in 2023, growing 12%.
Africa outboard sales primarily portable models at 40,000 units in 2023.
Southeast Asia outboard market share was 15% globally in 2023.
Scandinavia outboard market volume 45,000 units in 2023.
Caribbean islands outboard sales 12,000 units, mostly portable.
Russia outboard imports fell 20% to 15,000 units in 2023.
Oceania outboard market valued at $450 million in 2023.
Mediterranean Europe outboard volume 60,000 units 2023.
Gulf Cooperation Council outboard sales 10,000 units 2023.
Indonesia outboard production 70,000 units local 2023.
New Zealand imports 20,000 outboards 2023.

Regional Distribution Interpretation

While North America throws its weight around as the global outboard heavyweight, it's clear the real drama is unfolding everywhere else, from Europe's steady climb and Asia-Pacific's surge to the very specific hum of portable engines powering Africa and the Caribbean, proving that the world’s waterways are being churned up by a fascinatingly diverse fleet.

Sources & References

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