Marine Engines Market 2024 Top Key Player Analysis – Caterpillar, Daihatsu Diesel, Cummins, Deutz, Shanghai Diesel, John Deere, MAN D&T, Rolls Royce, STX, Scania, Volvo Penta

Market Study Report adds 2018-2024 global Marine Engines market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Marine Engines market is predicted to exceed USD 13 billion by 2024. Positive outlook toward marine industry along with rising seaborne trade will drive the business growth. In line with developments in the world economy, demand for shipping services witnessed robust growth. According to UNCTAD, in 2016, the global maritime trade volumes increased by 2.6% with container trade accounting for more than 23% of the global marine trade.

MGO marine engines market is set to witness growth owing to the paradigm shift by shipowners toward adoption of eco-friendly fuel coupled with introduction of regulations and norms by IMO under the MARPOL. Generation of the lowest fuel concentration of SOx and NOx is one of the distinct feature propelling the product demand.

The U.S. marine engines market is anticipated to exceed USD 1 billion by 2024. Ongoing research activities to develop systems in compliance to the environmental norms will augment the industry landscape. In addition, ongoing retrofitting activities across shipping yards toward the deployment of low emission systems will further complement the product demand.

Large-scale adoption of vessels including tankers, bulk carriers and cargo will fuel the low-speed marine engines market growth. Global rise across seagoing vessel trade coupled with cost efficient fuel utilization will encourage the product demand. Furthermore, increasing adoption of these products across merchant and container vessels will stimulate the business growth.

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Positive outlook towards shipbuilding industry along with technological innovations to develop clean fuel engines is set to stimulate Germany marine engines market growth. Shifting focus toward cruise ships, wind farm service, mega yachts, military and ro-pax will boost the product penetration.
Limited maintenance and lightweight unit requirement are the prime imperative factors that will enhance the medium speed marine engines market. In addition, growing maritime tourism along with rising demand for cruise ships and ferries will positively impact the industry outlook. As per FCCA, in 2015, cruise ships voyaged over 23 billion passengers across the globe.

Two-stroke marine engines market is projected to witness strong growth on account of technological advancements for the improvement in operational efficiency to comply with the environmental norms. These systems have thermal efficiency as high as over 50% and offers higher power even at low rotational speed.

Notable industry players include Brunswick, Anglo Belgian, Caterpillar, Daihatsu Diesel, Cummins, Deutz, Shanghai Diesel, John Deere, MAN D&T, Rolls Royce, STX, Scania, Volvo Penta, W?rtsil?, IHI Corporation, Yanmar, Yamaha, Yuchai and Weichai.

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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. Market definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.1.1. Paid Sources
1.2.1.2. Public Sources
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Marine engines industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Fuel trends
2.1.3. Power trends
2.1.4. Technology trends
2.1.5. Propulsion trends
2.1.6. Application trends
2.1.7. Regional Trends
Chapter 3. Marine engines Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Innovation landscape
3.4.1. Wartsila
3.4.2. Caterpillar
3.4.3. General Electric
3.4.4. Other innovations
3.5. Regulatory landscape

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