The Finnish market for marine propulsion outboard motors has experienced fluctuations over the past decade. Starting from 36.917 million Euros in 2012, the market value declined until 2015, reaching 32.219 million Euros. The market then saw a modest recovery from 2016 to 2019, peaking at 37.445 million Euros in 2019. The pandemic year of 2020 saw a dip, followed by a gradual recovery in 2021 and 2022, closing at 36.099 million Euros. The current market in 2023 is valued at 36.099 million Euros.
Year-on-year variations exhibited significant fluctuations:
- 2012: -8.16%
- 2013: -8.8%
- 2014: -3.99%
- 2015: -0.32%
- 2016: 3.24%
- 2017: 4.19%
- 2018: 4.02%
- 2019: 3.87%
- 2020: -3.73%
- 2021: -4.67%
- 2022: 5.05%
The Compound Annual Growth Rate (CAGR) over the last five years varied, stabilizing at around 0.82% by 2022.
Future trends to watch for include the increasing adoption of electric outboard motors, driven by environmental regulations and advancements in battery technology. Also, shifts in consumer preferences towards more eco-friendly and efficient propulsion systems will likely impact the market dynamics in the coming years.
