Press release
Marine Diesel Engines Market Analysis & Technological Innovation by Top Key Players Wartsila, NYK Line, Man D&T, Mitsui OSK Lines, Kawasaki Kisen Kaisha, COSCO & More
Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report.
Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United Nations Conference on Trade & Development (UNCTAD), global seaborne trade in 2014 expanded by 3.4% when compared to 2013. High reliability and alternative use as an auxiliary engine will further propel the business landscape.
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Rise in investment towards shipbuilding sector coupled with increasing research and development towards environment friendly technology will stimulate the U.S. marine diesel engines market size. In 2015, the U.S. shipbuilding industry contributed over USD 37.3 billion in the countrys GDP. However, introduction of emission norms by MARPOL and IMO may act as industry restraint.
Optimum utilization of fuel coupled with cost affordability will enhance marine diesel engines market share. Decline in crude oil price with a positive outlook toward shipbuilding industry may further stimulate the product demand. Major shipbuilding hubs including China and South Korea have witnessed an upsurge in the demand for these products owing to easy fuel availability and affordable pricing.
China marine diesel engines market will witness strong growth owing to increasing number of shipbuilding companies coupled with rising investment towards manufacturing ecologically safe diesel engines. In 2014, the Government of China issued a financial stimulus package which has facilitated the money stock. Fast reduction in interest rates of short-term instruments created profitable financing prospects for the shipbuilding industry. The China State Shipbuilding Corporation (CSSC) successfully issued bonds worth over USD 700 million with a 4.6% annual rate of return, significantly reducing financing costs.
Key players in the marine diesel engines market include Wartsila, NYK Line, Man D&T, Mitsui OSK Lines, Kawasaki Kisen Kaisha, COSCO, CMA CGM Holding, China Shipping Development, Teekay and A.P. M?ller-Maersk.
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Table of Content:
Chapter 4. Marine Diesel Engines Market, By Technology
4.1. Marine Diesel Engines market share by technology, 2016 & 2024
4.2. Low Speed
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Medium Speed
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. High Speed
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Marine Diesel Engines Market, By Application
5.1. Marine Diesel Engines market share by application, 2016 & 2024
5.2. Merchant
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.2.3. Container Vessels
5.2.3.1. Market estimates and forecast, 2013-2024
5.2.3.2. Market estimates and forecast, by region, 2013-202
5.2.4. Tankers
5.2.4.1. Market estimates and forecast, 2013-2024
5.2.4.2. Market estimates and forecast, by region, 2013-2024
5.2.5. Bulk Carriers
5.2.5.1. Market estimates and forecast, 2013-2024
5.2.5.2. Market estimates and forecast, by region, 2013-2024
5.2.6. Gas Carriers
5.2.6.1. Market estimates and forecast, 2013-2024
5.2.6.2. Market estimates and forecast, by region, 2013-2024
5.2.7. Roll On/Roll Off
5.2.7.1. Market estimates and forecast, 2013-2024
5.2.7.2. Market estimates and forecast, by region, 2013-2024
5.3. Offshore
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.3.3. Drilling Rigs and Ships
5.3.3.1. Market estimates and forecast, 2013-2024
5.3.3.2. Market estimates and forecast, by region, 2013-2024
5.3.4. Anchor Handling Vessel
5.3.4.1. Market estimates and forecast, 2013-2024
5.3.4.2. Market estimates and forecast, by region, 2013-2024
5.3.5. Offshore Research Vessels
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