Marine Engines Market Technological Research Focusing On Key Players Like Caterpillar, Daihatsu Diesel, Cummins, Deutz, Shanghai Diesel, John Deere & More

MarketStudyReport.com Adds New Marine Engines Market 2018 – 2024 research report providing information and data By Fuel, By Technology, By Propulsion, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 497 Pages with table and figures in it.

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.

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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Recreational marine engines market is projected to grow owing to rising disposable income coupled with improving standard of living. Increasing demand for comfort and luxury, resulting in growing investments toward cruise vessels will subsequently boost the industry landscape. Positive outlook toward tourism industry as a result of resurgent economic growth post-recession will further enhance the business landscape.

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.

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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.

Table of Content

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Marine Engines Industry Insights

Chapter 4. Marine Engines Market, By Fuel,

Chapter 5. Marine Engines Market, By Propulsion

Chapter 6. Marine Engines Market, By Application

Chapter 7. Marine Engines Market, By Technology

Chapter 8. Marine Engines Market, By Region

Chapter 9. Company Profiles

For More Detail on This Report: https://www.marketstudyreport.com/reports/marine-engines-market

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