| Product Code: ETC5771248 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia small marine engines market experienced a significant decline in import momentum from 2023 to 2024, with a growth rate of -95.75%. However, the compound annual growth rate (CAGR) for 2020-2024 stood at an impressive 1900.0%. This sharp decline in 2024 could be attributed to shifts in demand dynamics or changes in trade policies impacting the market`s stability.
The Small Marine Engines market in Armenia supports leisure boating and marine transportation with compact, high-performance engines. The market is driven by Armenia`s growing marine tourism sector and recreational boating activities. Innovations in engine design, fuel efficiency, and emission control technologies are critical factors influencing market competitiveness and sustainability.
In Armenia, the Small Marine Engines market growth is fueled by expanding recreational boating and fishing industries. These engines power small boats and watercraft, driven by increasing marine tourism and leisure activities. Technological advancements enhancing engine efficiency and emissions control further drive market dynamics.
Challenges in the Small Marine Engines market in Armenia include regulatory compliance with marine emission standards and technological advancements favoring more fuel-efficient and environmentally friendly engine options. Economic downturns and seasonal variations in marine activities also impact market demand.
In Armenia, policies governing the small marine engines market focus on safety standards for marine vessels, emissions regulations, and incentives for the adoption of environmentally friendly propulsion technologies. Initiatives aim to support the maritime industry`s sustainability goals and promote competitiveness in global markets.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Small Marine Engines Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Small Marine Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Small Marine Engines Market - Industry Life Cycle |
3.4 Armenia Small Marine Engines Market - Porter's Five Forces |
3.5 Armenia Small Marine Engines Market Revenues & Volume Share, By Model, 2021 & 2031F |
3.6 Armenia Small Marine Engines Market Revenues & Volume Share, By Placement, 2021 & 2031F |
3.7 Armenia Small Marine Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Small Marine Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for small marine engines due to growth in recreational boating activities in Armenia |
4.2.2 Government initiatives promoting maritime tourism and fishing industry |
4.2.3 Technological advancements leading to more efficient and eco-friendly small marine engines |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing small marine engines |
4.3.2 Limited availability of skilled technicians for maintenance and repair of small marine engines |
4.3.3 Environmental regulations impacting the manufacturing and usage of small marine engines |
5 Armenia Small Marine Engines Market Trends |
6 Armenia Small Marine Engines Market Segmentations |
6.1 Armenia Small Marine Engines Market, By Model |
6.1.1 Overview and Analysis |
6.1.2 Armenia Small Marine Engines Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.3 Armenia Small Marine Engines Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.4 Armenia Small Marine Engines Market Revenues & Volume, By Electric, 2021-2031F |
6.2 Armenia Small Marine Engines Market, By Placement |
6.2.1 Overview and Analysis |
6.2.2 Armenia Small Marine Engines Market Revenues & Volume, By Outboard, 2021-2031F |
6.2.3 Armenia Small Marine Engines Market Revenues & Volume, By Inboard, 2021-2031F |
6.3 Armenia Small Marine Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Armenia Small Marine Engines Market Revenues & Volume, By Recreational Boats, 2021-2031F |
6.3.3 Armenia Small Marine Engines Market Revenues & Volume, By Support Vessels, 2021-2031F |
6.3.4 Armenia Small Marine Engines Market Revenues & Volume, By Coastal Boats, 2021-2031F |
6.3.5 Armenia Small Marine Engines Market Revenues & Volume, By Fishing Boats, 2021-2031F |
7 Armenia Small Marine Engines Market Import-Export Trade Statistics |
7.1 Armenia Small Marine Engines Market Export to Major Countries |
7.2 Armenia Small Marine Engines Market Imports from Major Countries |
8 Armenia Small Marine Engines Market Key Performance Indicators |
8.1 Average fuel efficiency of small marine engines in Armenia |
8.2 Number of new recreational boating licenses issued in Armenia |
8.3 Adoption rate of eco-friendly small marine engines in the market |
9 Armenia Small Marine Engines Market - Opportunity Assessment |
9.1 Armenia Small Marine Engines Market Opportunity Assessment, By Model, 2021 & 2031F |
9.2 Armenia Small Marine Engines Market Opportunity Assessment, By Placement, 2021 & 2031F |
9.3 Armenia Small Marine Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Small Marine Engines Market - Competitive Landscape |
10.1 Armenia Small Marine Engines Market Revenue Share, By Companies, 2024 |
10.2 Armenia Small Marine Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |