| Product Code: ETC8847747 | Publication Date: Sep 2024 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The outboard motor market in the Philippines is expanding due to the growing marine tourism and fishing industries. Demand for fuel-efficient and high-performance engines is increasing among commercial and recreational boat users. Manufacturers are focusing on eco-friendly and technologically advanced motor designs.
The growing demand for recreational boating and fishing activities in the Philippines is driving the outboard motor market. Advances in fuel-efficient and eco-friendly motor technology are shaping the industry, with electric and hybrid outboard motors gaining traction. The countrys tourism sector and maritime transport expansion also contribute to market growth.
The outboard motor market in the Philippines faces high import costs and limited local production, making it an expensive option for consumers. Environmental regulations on fuel emissions also impact traditional gasoline-powered motors. Additionally, fluctuating fuel prices affect the overall demand for outboard motors.
The demand for recreational boating and fishing activities is increasing, creating opportunities in the outboard motor market. Investors can explore partnerships with marine equipment suppliers, introduce fuel-efficient motors, and enhance service networks.
The government regulates outboard motors through maritime safety laws, ensuring that watercraft engines meet environmental and safety standards. Policies also govern emissions control and fuel efficiency requirements for marine engines, aligning with sustainability goals.
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 Philippines Outboard Motor Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Outboard Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Outboard Motor Market - Industry Life Cycle |
3.4 Philippines Outboard Motor Market - Porter's Five Forces |
3.5 Philippines Outboard Motor Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Philippines Outboard Motor Market Revenues & Volume Share, By Thrust, 2021 & 2031F |
4 Philippines Outboard Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the tourism industry in the Philippines, leading to increased demand for recreational boating activities. |
4.2.2 Rise in disposable income levels among the middle-class population, allowing for higher spending on leisure activities such as boating. |
4.2.3 Government initiatives to promote marine tourism and water sports in the country. |
4.3 Market Restraints |
4.3.1 High import tariffs on outboard motors, making them more expensive for consumers. |
4.3.2 Limited availability of financing options for purchasing outboard motors, restricting market growth. |
5 Philippines Outboard Motor Market Trends |
6 Philippines Outboard Motor Market, By Types |
6.1 Philippines Outboard Motor Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Outboard Motor Market Revenues & Volume, By Application Type, 2021- 2031F |
6.1.3 Philippines Outboard Motor Market Revenues & Volume, By Commercial, 2021- 2031F |
6.1.4 Philippines Outboard Motor Market Revenues & Volume, By Recreational, 2021- 2031F |
6.2 Philippines Outboard Motor Market, By Thrust |
6.2.1 Overview and Analysis |
6.2.2 Philippines Outboard Motor Market Revenues & Volume, By Portable, 2021- 2031F |
6.2.3 Philippines Outboard Motor Market Revenues & Volume, By Mid-Range, 2021- 2031F |
6.2.4 Philippines Outboard Motor Market Revenues & Volume, By High Power, 2021- 2031F |
7 Philippines Outboard Motor Market Import-Export Trade Statistics |
7.1 Philippines Outboard Motor Market Export to Major Countries |
7.2 Philippines Outboard Motor Market Imports from Major Countries |
8 Philippines Outboard Motor Market Key Performance Indicators |
8.1 Number of new marinas and boating facilities established in the Philippines. |
8.2 Average utilization rate of existing outboard motors in the country. |
8.3 Percentage of households owning a boat or planning to purchase one. |
8.4 Growth in the number of boating events and competitions organized in the Philippines. |
8.5 Average age of outboard motor fleet in the country. |
9 Philippines Outboard Motor Market - Opportunity Assessment |
9.1 Philippines Outboard Motor Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Philippines Outboard Motor Market Opportunity Assessment, By Thrust, 2021 & 2031F |
10 Philippines Outboard Motor Market - Competitive Landscape |
10.1 Philippines Outboard Motor Market Revenue Share, By Companies, 2024 |
10.2 Philippines Outboard Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |