Press release
Marine Diesel Engines Market 2018 Revenue, Trends and Key Players - (Euronav, BW Group, BAHRI, Carnival Corporation, Teekay, China Shipping Group, Mediterranean Shipping, COSCO, Wartsila, MAN Diesel & Turbo) 2024
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. Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report by Global Market Insights, Inc.Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/158
Industry Growth drivers:
1. Expansion in seaborne trade
2. Cost effective usage
3. Increasing maritime tourism
Offshore in 2016 accounted for over 18% of the marine diesel engines market. Increasing shale exploration and production in offshore areas will enhance the demand for offshore support vessels including drill ships, FPSO and rigs. Growing demand for tanker and container vessels, bulk and gas carriers used for transportation of natural gas and other cargos will propel the merchant marine diesel engine market. According to Eurostat’s in 2015, the ports of Germany handled over 126 million tons of container cargo.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. A.P. Moller
2. MAN Diesel & Turbo
3. Wartsila
4. Mitsui OSK Lines
5. COSCO
6. MSC Mediterranean Shipping
7. Anangel Shipping
8. Kawasaki Kisen Kaisha
9. China Shipping Group
10. Teekay
11. Carnival
12. Shoei Kisen Kaisha
13. BAHRI
14. NITC
15. SOVCOMFLOT
16. Zodiac Maritime
17. BW Group
18. Euronav
19. Sinokor Merchant Marine
20. Evergreen Marine Corp
21. Nissen Kaiun
22. Neptune Orient Lines
23. China Shipping Development
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/158
Global Marine Diesel Engines Market, By Application
• Merchant
• Container Vessels
• Tankers
• Bulk Carriers
• Gas Carriers
• Roll On/Roll Off
• Offshore
• Drilling Rigs and Ships
• Anchor Handling Vessels
• Offshore Research Vessels
• Floating Production Units
• Platform Supply Vessels
• Cruise & Ferries
• Cruise Vessels
• Passenger Ferries
• Cargo Ferries
• Fast Ferries
• Yachts
• Navy
• Others
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.
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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/marine-diesel-engine-market
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. Møller-Maersk.
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
Email: sales@gminsights.com
Web: www.gminsights.com/
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