From 2012 to 2022, the Marine Propulsion Outboard Motors market in Finland demonstrated significant fluctuations. Beginning at 13.0 thousand units in 2012, the market consistently declined until 2015, reaching 8.9 thousand units. A minor recovery occurred between 2016 and 2017, peaking at 9.9 thousand units but then generally continued a downward trend. The sharpest drop, seen in 2020, was followed by slight recovery in 2021 and slight growth in 2022, ending at 8.41 thousand units. The year-on-year variations illustrate significant volatility, with annual declines as steep as 20.69% and growth of up to 12.49%. The five-year CAGR ending in 2022 is -3.2%, indicating a moderate annual decline over this period.
Looking forward to 2024, key trends to monitor include advancements in technology, shifts towards more sustainable propulsion systems, and market responses to economic and regulatory changes. Potential growth in eco-friendly alternatives, such as electric outboard motors, might influence market dynamics significantly.
