U.S. - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Import in United States Rises Markedly to $128M in March 2023
U.S. Outboard Boat Motors Imports
Outboard boat motors imports into the United States reduced modestly to 22K units in March 2023, remaining stable against the previous month. In general, imports saw a mild slump. The growth pace was the most rapid in July 2022 when imports increased by 27% against the previous month. As a result, imports attained the peak of 32K units. From August 2022 to March 2023, the growth of imports failed to regain momentum.
In value terms, outboard boat motors imports rose sharply to $128M (IndexBox estimates) in March 2023. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 with an increase of 43% against the previous month. Over the period under review, imports reached the peak figure at 161M units in May 2022; however, from June 2022 to March 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Outboard Boat Motors in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Japan | 114 | 131 | 154 | 126 | 155 | 85.1 | 123 | 111 | 103 | 136 | 94.0 | 116 | 125 |
| Thailand | 2.4 | 3.1 | 2.9 | 0.4 | 4.4 | 1.3 | 1.6 | 3.1 | 4.9 | 1.7 | 1.8 | 2.6 | 2.4 |
| China | 8.5 | 5.8 | 4.1 | 4.3 | 1.2 | 1.2 | 0.9 | 0.4 | 0.2 | 0.5 | 0.2 | 0.1 | 0.1 |
| Others | 0.9 | 0.6 | 0.8 | 2.1 | 0.9 | 0.1 | N/A | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | N/A |
| Total | 126 | 140 | 161 | 133 | 161 | 87.7 | 125 | 114 | 108 | 139 | 96.1 | 118 | 128 |
Imports by Country
In March 2023, Japan (21K units) was the main supplier of outboard boat motors to the United States, accounting for a 94% share of total imports. Moreover, outboard boat motors imports from Japan exceeded the figures recorded by the second-largest supplier, Thailand (1.3K units), more than tenfold.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (-1.7% per month) and China (-30.0% per month).
In value terms, Japan ($125M) constituted the largest supplier of outboard boat motors to the United States, comprising 98% of total imports. The second position in the ranking was held by Thailand ($2.4M), with a 1.9% share of total imports.
From March 2022 to March 2023, the average monthly growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (-0.0% per month) and China (-30.1% per month).
Import Prices by Country
In March 2023, the outboard boat motors price amounted to $5,750 per unit (CIF, US), surging by 8.7% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2022 an increase of 53% against the previous month. The import price peaked in March 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($6,003 per unit), while the price for Thailand ($1,846 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the outboard boat motors market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
