Inboard Engines Market Size

Inboard Engines Market Size

Inboard Engines Market was valued at around USD 1.5 billion in 2023 and is estimated to register a CAGR of around 6.4% between 2024 and 2032.

The need for inboard engines is being driven by the growing popularity of recreational boating activities including fishing, watersports, and cruising, particularly in areas with many water bodies and a strong maritime culture. Further, consumer expenditure on leisure activities, such as recreational boating, is driven by economic prosperity and rising levels of disposable income in emerging nations.
 

The installation of inboard engines can be labor-intensive and complex, requiring specialized equipment and trained specialists, and can lead to increased time and expenses. The demand for inboard engines is hampered since they need routine maintenance, such as oil changes, winterization, and servicing, which can result in extra expenses for boat owners over the product’s lifetime.