The marine propulsion outboard motors market in Finland demonstrated fluctuating growth from 2013 to 2023, with its value expressed in million euros. As of 2023, the market stood at 34.81 million euros. Over the last two years, the market saw a year-on-year decline of 1.16% in both 2022 and 2023. The compound annual growth rate (CAGR) for the past five years shows a slight negative trend at -0.7%.
Future forecasts predict a continued decline, with the market size expected to reach 32.819 million euros by 2028, reflecting a forecasted 5-year CAGR of -0.94% and a total decrease of approximately 4.61% over the period.
Future trends to watch for:
- Innovative advancements in electric outboard motors - Shifts in consumer preferences toward sustainable, eco-friendly options - Regulations and policies impacting marine environmental standards - Economic factors influencing discretionary spending on recreational boating
