| Product Code: ETC9553977 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The electric outboard engines import market in Sweden saw a decline in 2024, with top exporting countries being Belgium, Germany, Japan, Metropolitan France, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The industry experienced a significant negative compound annual growth rate (CAGR) of -19.85% from 2020 to 2024, with a further decline in growth rate of -29.43% from 2023 to 2024. This data suggests challenges and shifts in the market dynamics, potentially influenced by various factors such as technological advancements and changing consumer preferences.
The Sweden Electric Outboard Engines Market is experiencing growth driven by increasing environmental awareness and government initiatives promoting sustainable boating practices. The market is characterized by a shift towards electric propulsion systems due to their lower environmental impact and cost-effective operation. Key players in the market are focusing on developing innovative and efficient electric outboard engines to meet the growing demand. Additionally, the rising popularity of electric boats in Sweden, particularly for recreational and commercial purposes, is driving the adoption of electric outboard engines. The market is expected to witness further expansion as consumers seek eco-friendly alternatives in the marine industry, presenting opportunities for manufacturers to introduce advanced technologies and expand their product offerings.
The Sweden Electric Outboard Engines Market is experiencing significant growth driven by the increasing focus on sustainability and the transition towards electric propulsion in the marine industry. Key trends include the rising adoption of electric outboard engines in leisure boating and commercial applications, as well as advancements in battery technology leading to improved performance and range. Additionally, government initiatives promoting clean energy and emission reduction are creating opportunities for market expansion. Collaborations between manufacturers and boat builders to develop integrated electric propulsion systems are also on the rise, enhancing the overall efficiency and appeal of electric outboard engines in Sweden. Overall, the market is poised for continued growth as consumers and businesses increasingly prioritize environmentally friendly alternatives in the marine sector.
In the Sweden Electric Outboard Engines Market, there are several challenges that industry players face. One key challenge is the relatively high upfront cost of electric outboard engines compared to traditional gasoline-powered engines, which can deter some consumers from making the switch. Additionally, the limited availability of charging infrastructure for electric boats in Sweden poses a challenge for users who may struggle to find convenient locations to recharge their outboard engines. Another obstacle is the perception of lower power and range in electric outboard engines compared to their gasoline counterparts, which may hinder their adoption among boaters who prioritize performance. Despite these challenges, the growing focus on environmental sustainability and stricter regulations on emissions are driving interest in electric outboard engines, presenting opportunities for market growth.
The Sweden Electric Outboard Engines Market is primarily driven by the increasing focus on environmental sustainability and the growing awareness about reducing carbon emissions in the marine industry. The shift towards electric outboard engines is fueled by government initiatives promoting clean energy technologies and the adoption of stringent environmental regulations. Additionally, the rising demand for quieter and more efficient propulsion systems, coupled with the technological advancements in electric motor technology, are also driving the market growth. Moreover, the cost-effectiveness and long-term savings associated with electric outboard engines, in terms of lower maintenance and operational costs compared to traditional gasoline engines, are further propelling their adoption in the Swedish market.
In Sweden, the government has been actively promoting the use of electric outboard engines as part of its efforts to reduce greenhouse gas emissions and promote sustainable transportation. Policies such as tax incentives, subsidies, and grants are in place to encourage consumers and businesses to switch to electric outboard engines. Additionally, there are regulations in place to restrict the use of traditional combustion engines in certain water bodies to protect the environment. The government is also investing in infrastructure development to support the adoption of electric outboard engines, including charging stations and research and development initiatives. Overall, Sweden`s government policies aim to accelerate the transition towards cleaner and more environmentally friendly transportation options in the electric outboard engines market.
The future outlook for the Sweden Electric Outboard Engines Market looks promising as the country continues to prioritize sustainability and environmental conservation. The market is expected to witness steady growth due to increasing awareness about the benefits of electric propulsion systems in reducing emissions and noise pollution. Government initiatives to promote clean energy solutions and the growing popularity of eco-friendly boating practices are also driving the demand for electric outboard engines in Sweden. Technological advancements, such as improved battery efficiency and longer range capabilities, are further expected to fuel market expansion. Overall, the Sweden Electric Outboard Engines Market is likely to experience sustained growth in the coming years as more consumers and businesses transition towards greener boating alternatives.
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 Sweden Electric Outboard Engines Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Electric Outboard Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Electric Outboard Engines Market - Industry Life Cycle |
3.4 Sweden Electric Outboard Engines Market - Porter's Five Forces |
3.5 Sweden Electric Outboard Engines Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.6 Sweden Electric Outboard Engines Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Sweden Electric Outboard Engines Market Revenues & Volume Share, By Power, 2021 & 2031F |
3.8 Sweden Electric Outboard Engines Market Revenues & Volume Share, By Ignition Type, 2021 & 2031F |
3.9 Sweden Electric Outboard Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Electric Outboard Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing environmental concerns and regulations promoting the adoption of eco-friendly electric outboard engines. |
4.2.2 Technological advancements leading to improved efficiency and performance of electric outboard engines. |
4.2.3 Increasing popularity of water sports and recreational boating activities in Sweden driving the demand for electric outboard engines. |
4.3 Market Restraints |
4.3.1 High initial cost of electric outboard engines compared to traditional gasoline-powered engines. |
4.3.2 Limited infrastructure for charging electric outboard engines in remote or less developed areas. |
5 Sweden Electric Outboard Engines Market Trends |
6 Sweden Electric Outboard Engines Market, By Types |
6.1 Sweden Electric Outboard Engines Market, By Engine Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Electric Outboard Engines Market Revenues & Volume, By Engine Type, 2021- 2031F |
6.1.3 Sweden Electric Outboard Engines Market Revenues & Volume, By 2-stroke, 2021- 2031F |
6.1.4 Sweden Electric Outboard Engines Market Revenues & Volume, By 4-stroke, 2021- 2031F |
6.1.5 Sweden Electric Outboard Engines Market Revenues & Volume, By Electric, 2021- 2031F |
6.2 Sweden Electric Outboard Engines Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Sweden Electric Outboard Engines Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.3 Sweden Electric Outboard Engines Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.4 Sweden Electric Outboard Engines Market Revenues & Volume, By Electric, 2021- 2031F |
6.3 Sweden Electric Outboard Engines Market, By Power |
6.3.1 Overview and Analysis |
6.3.2 Sweden Electric Outboard Engines Market Revenues & Volume, By Low, 2021- 2031F |
6.3.3 Sweden Electric Outboard Engines Market Revenues & Volume, By Mid, 2021- 2031F |
6.3.4 Sweden Electric Outboard Engines Market Revenues & Volume, By High, 2021- 2031F |
6.4 Sweden Electric Outboard Engines Market, By Ignition Type |
6.4.1 Overview and Analysis |
6.4.2 Sweden Electric Outboard Engines Market Revenues & Volume, By Electric, 2021- 2031F |
6.4.3 Sweden Electric Outboard Engines Market Revenues & Volume, By Manual, 2021- 2031F |
6.5 Sweden Electric Outboard Engines Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Sweden Electric Outboard Engines Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5.3 Sweden Electric Outboard Engines Market Revenues & Volume, By Recreational, 2021- 2031F |
6.5.4 Sweden Electric Outboard Engines Market Revenues & Volume, By Military, 2021- 2031F |
7 Sweden Electric Outboard Engines Market Import-Export Trade Statistics |
7.1 Sweden Electric Outboard Engines Market Export to Major Countries |
7.2 Sweden Electric Outboard Engines Market Imports from Major Countries |
8 Sweden Electric Outboard Engines Market Key Performance Indicators |
8.1 Number of charging stations for electric outboard engines across Sweden. |
8.2 Government incentives and subsidies for the adoption of electric outboard engines. |
8.3 Growth in the number of electric boats registered in Sweden. |
8.4 Average distance traveled by boats using electric outboard engines. |
8.5 Percentage of boat manufacturers offering electric outboard engines as an option in their product lineup. |
9 Sweden Electric Outboard Engines Market - Opportunity Assessment |
9.1 Sweden Electric Outboard Engines Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.2 Sweden Electric Outboard Engines Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Sweden Electric Outboard Engines Market Opportunity Assessment, By Power, 2021 & 2031F |
9.4 Sweden Electric Outboard Engines Market Opportunity Assessment, By Ignition Type, 2021 & 2031F |
9.5 Sweden Electric Outboard Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Electric Outboard Engines Market - Competitive Landscape |
10.1 Sweden Electric Outboard Engines Market Revenue Share, By Companies, 2024 |
10.2 Sweden Electric Outboard Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |