Press release
Marine Diesel Engines Market: Key Participants are Wartsilla, MAN D&T, Teekay, NYK Lines, OSK Lines, COSCO, Kawasaki Kisen Kaisha and China Shipping Development
Marine Diesel Engines Market is set to grow over 5% and surpass USD 7 billion by 2024. Upsurge in investment towards shipbuilding sector along with upsurge in demand for economically viable systems will augment marine diesel engines market. In the U.S., the shipbuilding industry contribution was over USD 37.3 billion in 2015 towards the country GDP. Increasing usage as an alternative engine coupled with high reliability will further complement the industry growth.In 2016, marine diesel engines market from Germany was valued over USD 150 million. Increasing government strategies and initiatives towards development of engine technology will complement the industry outlook. As per the National Master Plan for Marine Technology (NMMT), shipbuilding industry in 2015 was valued at USD 19.9 billion and is predicted to reach USD 25.48 billion by 2018.
Request For Sample Of This Research Report @ https://www.gminsights.com/request-sample/detail/158
Increasing shipbuilding companies along with growing investments towards manufacturing of environmentally safe engines will positively impact the marine diesel engines market in China. In 2014, the government of China issued a financial package to simplify the money stock. In 2015, MAN D&T signed an agreement for ten-year with CSSC and CISC to produce low speed diesel engines in China.
Growing R & D in the direction of environment friendly technology along with increase in seaborne trade will propel the marine diesel engines market. As per the United Nations Conference on Trade and Development (UNCTAD), in 2014, the global seaborne trade expanded by 3.4% when compared to 2013. However, introduction of Emission Control Areas (ECA) regions and IMO emissions standards will act as a restraint for the industry.
Decline in crude oil prices coupled with positive outlook towards shipping sector will further propel the business landscape. Major shipbuilding hubs including South Korea, Japan, and China have witnessed an increase in demand of ship production including container vessels, tanker vessels, and bulk carriers owing to easy fuel availability and cost affordability.
High speed engines accounted for over 20% of the marine diesel engines market in 2016. Increasing orders for tug boats, freight carriers, and navy vessels will foster the industry outlook. Increasing demand for recreational vessels including ferries and cruise on account of enhancement in standard of living and increasing disposable income will positively encourage the medium speed engines market. MAN D&T in 2016, contracted with Star Cruise to deliver medium speed engines for cruise ships.
Offshore application accounted for over 18% in global marine diesel engines market share in 2016. Increasing demand for offshore vessels including FPSO, drill ships and rigs owing to rise in shale exploration will augment the business landscape. Upsurge in demand for tankers, container vessels, bulk carriers, and gas carriers will fuel the marine diesel engines Market for merchant application. According to the Eurostat’s in 2015, Germany ports handled 126 million tons of container cargo.
Key industry players include Wartsilla, MAN D&T, Teekay, NYK Lines, OSK Lines, COSCO, Kawasaki Kisen Kaisha and China Shipping Development.
Browse Full Report @ https://www.gminsights.com/industry-analysis/marine-diesel-engine-market
Partial Chapter of the Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition, scope & forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Marine Diesel Engines industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Technology trends
2.1.4. Application trends
Chapter 3. Marine Diesel Engines Market Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution landscape
3.4. Innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.1.1. MARPOL
3.5.2. UK
3.5.3. Japan
3.5.4. Europe
3.5.5. IMO
3.5.6. China
3.6. Shipbuilding industry trends & forecast
3.7. Global operated fleet, by Operators
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Expansion in seaborne trade
3.8.1.2. Cost effective usage
3.8.1.3. Increasing maritime tourism
3.8.2. Industry pitfalls & challenges
3.8.2.1. Stringent regulations against emissions
3.9. Growth potential analysis
3.10. Technology Landscape
3.10.1. Low speed
3.10.2. Medium speed
3.10.3. High speed
3.11. Porter's analysis
3.12. Company market share, 2016
3.12.1. Strategy dashboard
3.12.2. Mergers & acquisitions landscape
3.13. PESTEL analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com/
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Marine Diesel Engines Market: Key Participants are Wartsilla, MAN D&T, Teekay, NYK Lines, OSK Lines, COSCO, Kawasaki Kisen Kaisha and China Shipping Development here
News-ID: 1143767 • Views: …
More Releases from Global Market Insights, Inc.

Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…

Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Marine
Marine Fender Market Hits New High | Major Giants Bridgestone Corporation, Fende …
HTF MI recently introduced Global Marine Fender Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Marine Fender Market are:
Acir Marine (United States), Bridgestone Corporation (Japan), Fendercare Marine (United Kingdom), Maha Tech Asia Pte Ltd…
Marine Lighting Market Forecasted for Strong Growth from 2025 to 2032 | Phoenix …
The marine lighting market is estimated to be valued at USD 449.8 Mn in 2025 and is expected to reach USD 654.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
A new report from CoherentMI, titled "Marine Lighting Market 2025-2032," offers an in-depth examination of the industry, including valuable insights into the Marine Lighting Market's performance. The report covers competitor dynamics, regional…
Marine Switchboards Market | ABB, Atlas Marine Systems, Clean Marine Switchboard …
The global marine switchboards market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the marine switchboards market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Marine Asset Management Services Market Boosts Massive Revenue by 2030| Oceanic …
The latest study released on the Global Marine Asset Management Services Market by GMV Research evaluates market size, trend, and forecast to 2030. The Marine Asset Management Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about…
Marine Doors market: Players tapping Emerging Markets | MML Marine, Baier, Freem …
"The global Marine Doors Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Marine Doors Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
Request Exclusive Free Sample PDF of This…