An Inboard Engine is a type of propulsion system used for marine vessels. Contrary to an outboard engine which is mounted outside the hull of the craft, Inboard Engines are mounted inside the hull’s midsection or in front of the transom. The engine turns a drive shaft that transfers the power from engine to the propeller shaft.
More often, Inboard Engines comes with considerably higher power range and fuel efficiency as compared to that of an outboard engine. For commercial fishing and charter boats, Inboard Engines are preferred over outboard engines for operating with low center of gravity. Inboard Engines also find significant application in water sports boats including water-tubing, wakeboarding, water-skiing.
The Inboard Engines are available in a wide range of power as per the requirement from small boats to larger boats. The Inboard Engines are available in as low a 20 HP power engine to as high as 800 HP. Owing to the several essential features, the demand for efficient and durable Inboard Engines is anticipated to witness significant growth over the forecast period. This in turn is anticipated to significantly contribute to the growing market of Inboard Engines across the globe.
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FACTS AT A GLANCE
Companies: Volvo Penta,Brunswick Corporation (Mercury Marine),PleasureCraft Marine,ILMOR MARINE, LLC,Indmar Marine Engines,Textron Motors GmbH,VETUS Schiedam
Coverage: All major geographies and key segments
Segments: Inboard Engines Market Segmented By type of Power such as Low Power Inboard Engines (Less than 100 HP), Medium Power Inboard Engines (100 HP to 300HP), High Power Inboard Engines (Above 300 HP) with Engine such as Two stroke Inboard Engines, Four Stroke Inboard Engines
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
The development of maritime tourism industry with increased spending by general population has witnessed significant growth over the past decade in activities such as short-distance or long distance leisure cruise travels, recreational sports and amusement activities.
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From the increased traction of people towards recreational water sports and maritime tourism including activities such as yachting, water skiing, kite surfing, SCUBA diving, etc. is in turn expected to upsurge the demand of new boats and hence is expected to propel the market of Inboard Engines in the near future. Continuous fleet addition by boating and water sports companies to benefit from the growing number of tourists is also expected to drive the growth of Inboard Engines market.
In recent past, customers have been expressing a preference for a sportier ride associated with a higher power-to-weight ratio that naturally favors outboard engines. Additional benefits of outboard engines include a quieter operation, greater cockpit space, and easier maintenance.
The shift towards outboard engines is connected to the kind of boats that buyers wish to purchase. Outboard-powered deck boats are responsible for the jump in outboard engine demand when there was scarcely any two decades ago. This in turn is estimated to be a key restraining factor hindering the growth of global Inboard Engines market during the forecast period.
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