Inboard Engines Market Size, Share, and COVID Impact Analysis, By Fuel Type (Gasoline, Diesel), By Cylinders (2-Cylinder, 4-Cylinder, 6-Cylinder, 8-Cylinder, 12-Cylinder), By Vessel Type (Personal Boats, Commercial Boats, Military Boats, Others), By Power Output (Less than 100 HP, 100 to 500 HP, Above 500 HP) and by Regional Forecast, 2024-2032

An inboard engine is a type of marine propulsion system where the engine is mounted inside the hull of a boat. The engine is usually placed at the boat's center, below the deck, and is connected to a transmission system that drives a propeller or jet drive. Inboard engines are commonly used in yachts, commercial vessels, and larger boats. These are designed to provide efficient and reliable power for long-distance cruising or heavy-duty work. The boating industry has been witnessing growth, driven by increasing disposable income, recreational activities, tourism, and a rise in boating enthusiasts. As more individuals and businesses invest in boats, the demand for inboard engines to power these vessels also increases. Inboard engines are known for their superior performance, power, and torque compared to other propulsion systems. This makes them highly desirable for various boating activities, including water sports, fishing, cruising, and commercial applications. The demand for inboard engines is particularly strong among boaters who prioritize high-speed performance and the ability to handle larger loads.

Inboard engines are known for their superior performance, power, and torque compared to other propulsion systems. This makes them highly desirable for various boating activities, including water sports, fishing, cruising, and commercial applications. The demand for inboard engines is particularly strong among boaters who prioritize high-speed performance and the ability to handle larger loads. Inboard engines located inside the boat's hull tend to produce less noise and vibration than other propulsion systems. This enhances the overall comfort and experience of boaters and passengers. The demand for inboard engines is driven by the desire for quieter and more enjoyable boating experiences.

Impact of COVID-19 on the Inboard Engines Market

COVID-19 significantly impacted the naval industry, which also affected the inboard engine sales; the supply chain disruption and decreased demand for boats was the critical point. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the logistics market. People staying at home and less boat usage led to a decrease in demand for the sales service of these systems. The pandemic caused disruptions in global supply chains, affecting the production and distribution of inboard engines. Manufacturing facilities faced closures, reduced capacity, or delays in obtaining necessary components and raw materials, which led to challenges in meeting demand.

Post-pandemic changes in government regulations for naval industries helped boost the production of gasoline and diesel boats. This has increased demand for boats equipped with high-performance engines. The engine and engine components will grow as the naval market bounces back.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Inboard Engines Market.

Analysis by Fuel Type

The market for inboard engines by fuel type is segmented into Gasoline and Diesel. The diesel engine is expected to grow at a significant rate. Diesel engines are well-suited for applications requiring high torque and power. The ability of diesel engines to deliver high torque at low RPMs makes them a reliable option in the waters. Diesel engines are known for their robustness and durability. They are designed to withstand high compression ratios, making them more resistant to wear and tear. As a result, diesel engines are preferred in applications where longevity and reliability are important, such as commercial boats.

Analysis by Vessel Type

The Vessel Type is segmented into personal boats, commercial boats, military boats, and others. Commercial boats are expected to grow with increasing demand for fuel-efficient, reliable, and environment-friendly engines. Also, inboard engines are generally preferred in commercial boats over outboard engines as they offer more durability, low acoustic signature, regulatory compliance, and reliability in demanding operating conditions. The increasing demand for transport and tourism is expected to boost the commercial boats segment growth.

Analysis by Region

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The highest growth rate is expected in the Asia Pacific market, especially India, China, and other south East Asian countries, due to the major production of inboard engines for commercial and military purposes. Highly fuel-efficient and reliable diesel and gasoline will have a rising impact on sales of inboard engines in the Asia Pacific. The rapid adoption of Diesel engines and affordability will benefit regional growth.

Key Players Covered

Mercury Marine (U.S), Volvo Penta (Sweden), Cummins Inc. (U.S), Man Engines (Germany), Suzuki Motors Corporation (Japan), Caterpillar Inc. (U.S), Yamaha Motor Corporation (Japan), MTU Friedrichshafen GmbH (Germany), Marine Power India Pvt. Ltd.(India)

Segmentation

Key Industry Developments

• February 2023: Volvo Penta and Southport Boats of Maine partnered up to produce a sleek new version of the Southport 30 FE featuring Volvo Penta's joystick docking system. It is a  single Diesel Aquamatic sterndrive installation focusing on versatility to accommodate the boating interests of everyone onboard.


• June 2016: Volvo Penta announced revamped D8 inboard engine needed for the growing demand for an engine with 550-600 horsepower, and by extending the range, Volvo Penta offers greater flexibility and choice.