Caterpillar, John Deere, Profiled in Marine Engines Market By Technology 2024 | Top Companies Daihatsu Diesel, Cummins, Deutz, Shanghai Diesel, Rolls Royce, STX, Scania, Volvo Penta, IHI Corporation, Brunswick, Anglo Belgian, Yamaha, Yuchai, Weichai

The global marine engines market is set to observe commendable growth in the approaching years, primarily driven by the flourishing maritime industry, the rise in seaborne trade activities, and rapidly expanding tourism industry. As per a UNCTAD report, world seaborne trade volumes in the year 2016 expanded by 2.6% in comparison to 1.8% in the year 2015. It is apparent that the marine transportation sector is booming at a rapid pace and giving tough competition to road and air transport, which in turn is introducing promising growth opportunities for the marine engines market. In a recent turn of events, India has launched its very first luxury cruise ship, called ‘Angriya’ which will sail between Mumbai and Goa waterways. Reportedly, on-boarders can enjoy an array of amenities and engross in activities like swimming, between their 14-hour ship journey. Angriya is loaded with captivating features; it has two lavish restaurants, six bars, and a huge lounge. At this juncture, it is quite evident that the advent of marine tourism and transportation would positively favor the progression graph of the marine engines market.

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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.

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.

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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.
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, IHI Corporation, Yanmar, Yamaha, Yuchai and Weichai.

Table of Contents

Chapter 1 Marine Engines Market Methodology & Scope

Chapter 2 Marine Engines Market Executive Summary

Chapter 3 Marine Engines Industry Insights

Chapter 4. Marine Engines Market, By Fuel

Chapter 5. Marine Engines Market, By Power

Chapter 6. Marine Engines Market, By Technology

Chapter 7. Marine Engines Market, By Propulsion

Chapter 8. Marine Engines Market, By Application

Chapter 9. Marine Engines Market, By Region

Chapter 10. Marine Engines Market Company Profiles

Outer scope of this report in addition to the factors mentioned above, the rising disposable income, increasing holidaying trend, and shifting lifestyle patterns would add momentum to the market growth. Intensifying demand for luxury and comfort, promoting increased expenditure on cruise ships, would further advance the commercialization opportunities of the market. However, carbon emissions produced by these engines and stringent government regulations regarding environment protection & marine pollution would hinder marine engines market growth to some extent. For instance, Yuchai, a leading manufacturer & supplier of on and off-road vehicle engines, has lately introduced ‘K08 Engine’ which has become the first in China to pass National VI-B certification, an advanced emission accreditation.

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World Gas Turbine Marine Engines Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)
Gas Turbine Marine Engines market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

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