Press release
What's driving the Marine Engines Market trends? Caterpillar, Daihatsu, Deutz, Cummins, John Deere, MAN D&T, Shanghai Diesel, Rolls Royce, STX, Volvo Penta, Scania, IHI Corporation, Yanmar, Wärtsilä, Yamaha, Weichai, and Yuchai.
Germany accounted for over 18% of the Europe market share in 2017. Growing shipbuilding industry coupled with technological advancements to develop cleaner engines will positively impact the product penetration. The country’s focus on specialized vessels including river cruise ships, mega yachts, wind farm service, military and ro-pax will further complement the industry growth.+
Base Year: 2017
Growth Projections – 2018-2024
Historical data coverage: 2013 to 2017
Number of Pages – 497
Data Tables – 740
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Growth Drivers of Marine Engines Market
Growth drivers
• Expansion in seaborne trade
• Increasing maritime tourism
• Technological advancement in marine engines
The U.S. market size is predicted to surpass USD 1 billion by 2024. The country, in 2015, introduced IMO tier III norms with an aim to reduce NOx emissions by limiting the usage up to 0.5%. Ongoing R&D to manufacture systems in compliance to the new environmental norms is set to stimulate the industry growth. In addition, continuous retrofitting activities in shipping yards to deploy eco-friendly systems will further foster the product demand.
Low-speed marine engines market size is set to grow on account of large-scale adoption of vessels including cargo, tankers, and bulk carriers. Increase in long voyage trade across the globe coupled with utilization of cost efficient fuel will augment the product penetration. Further, the growth in adoption of products in merchant and container vessels will strengthen the business growth.
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Key industry players in the marine engines market comprise of Brunswick, Anglo Belgian, Caterpillar, Daihatsu, Deutz, Cummins, John Deere, MAN D&T, Shanghai Diesel, Rolls Royce, STX, Volvo Penta, Scania, IHI Corporation, Yanmar, Wärtsilä, Yamaha, Weichai, and Yuchai.
Key Highlights of this report:
Marine Engines Market, By Fuel
• MDO
• MGO
• LNG
• Hybrid
• Others
Marine Engines Market Segmentation:
Chapter 4. Marine Engines Market, By Fuel
4.1. Global marine engines market share by fuel, 2017 & 2024
4.2. MDO
4.2.1. Global market by MDO, 2013-2024
4.2.2. Global market by MDO, by region 2013 – 2024
4.3. MGO
4.3.1. Global market by MGO, 2013-2024,
4.3.2. Global market by MGO, by region 2013 – 2024
4.4. LNG
4.4.1. Global market by LNG, 2013-2024,
4.4.2. Global market by LNG, by region 2013 – 2024
4.5. Hybrid
4.5.1. Global market by hybrid, 2013-2024,
4.5.2. Global market by hybrid, by region 2013 – 2024
4.6. Others
4.6.1. Global market by others, 2013-2024,
4.6.2. Global market by others, by region 2013 – 2024
Chapter 5. Marine Engines Market, By Power
5.1. Global marine engines market share by power, 2017 & 2024
5.2. < 1,000 HP
5.2.1. Global market by < 1,000 HP, 2013-2024
5.2.2. Global market by < 1,000 HP, by region 2013 – 2024
5.3. 1,000-5,000 HP
5.3.1. Global market by 1,000-5,000 HP, 2013-2024
5.3.2. Global market by 1,000-5,000 HP, by region 2013 – 2024
5.4. 5,000-10,000 HP
5.4.1. Global market by 5,000-10,000 HP, 2013-2024
5.4.2. Global market by 5,000-10,000 HP, by region 2013 – 2024
5.5. 10,000-20,000 HP
5.5.1. Global market by 10,000-20,000 HP, 2013-2024
5.5.2. Global market by 10,000-20,000 HP, by region 2013 – 2024
5.6. > 20,000 HP
5.6.1. Global market by > 20,000 HP, 2013-2024
5.6.2. Global market by > 20,000 HP, by region 2013 – 2024
Chapter 6. Marine Engines Market, By Technology
6.1. Global marine engines market share by technology, 2017 & 2024
6.2. Low Speed
6.2.1. Global market by low speed, 2013-2024
6.2.2. Global market by low speed, by region 2013 – 2024
6.3. Medium Speed
6.3.1. Global market by medium speed, 2013-2024
6.3.2. Global market by medium speed, by region 2013 – 2024
6.4. High Speed
6.4.1. Global market by high speed, 2013-2024
6.4.2. Global market by high speed, by region 2013 – 2024
Chapter 7. Marine Engines Market, By Propulsion
7.1. Global marine engines market share by propulsion, 2017 & 2024
7.2. 2-stroke
7.2.1. Global market by 2-stroke, 2013-2024
7.2.2. Global market by 2-stroke, by region 2013 – 2024
7.3. 4-stroke
7.3.1. Global market by 4-stroke, 2013-2024
7.3.2. Global market by 4-stroke, by region 2013 – 2024
Chapter 8. Marine Engines Market, By Application
8.1. Global marine engines market share by application, 2017 & 2024
8.2. Commercial
8.2.1. Global market by commercial, 2013-2024
8.2.2. Global market by commercial, by region 2013 – 2024
8.2.3. Container Vessels
8.2.3.1. Global market by container vessels, 2014-2024
8.2.3.2. Global market by container vessels, by region 2013 – 2024
8.2.4. Tankers
8.2.4.1. Global market by tankers, 2013-2024
8.2.4.2. 8.2.4.2 Global market by tankers, by region 2013 – 2024
8.2.5. Bulk Carriers
8.2.5.1. Global market by bulk carriers, 2013-2024
8.2.5.2. Global market by bulk carriers, by region 2013 – 2024
8.2.6. Roll On/Roll Off
8.2.6.1. Global market by roll on/roll off, 2013-2024
8.2.6.2. Global market by roll on/roll off, by region 2013 – 2024
8.2.7. Others
8.2.7.1. Global market by others, 2013-2024
8.2.7.2. Global market by others, by region 2013 – 2024
8.3. Offshore
8.3.1. Global market by offshore, 2013-2024
8.3.2. Global market by offshore, by region 2013 – 2024
8.3.3. AHTS
8.3.3.1. Global market by AHTS, 2013-2024
8.3.3.2. Global market by AHTS, by region 2013 – 2024
8.3.4. PSV
8.3.4.1. Global market by PSV, 2013-2024
8.3.4.2. Global market by PSV, by region 2013 – 2024
8.3.5. FSV
8.3.5.1. Global market by FSV, 2013-2024
8.3.5.2. Global market by FSV, by region 2013 – 2024
8.3.6. MPSV
8.3.6.1. Global market by MPSV, 2013-2024
8.3.6.2. Global market by MPSV, by region 2013 – 2024
8.3.7. Others
8.3.7.1. Global market by others, 2013-2024
8.3.7.2. Global market by others, by region 2013 – 2024
8.4. Recreational
8.4.1. Global market by recreational, 2013-2024
8.4.2. Global market by recreational, by region 2013 – 2024
8.4.3. Cruise ships
8.4.3.1. Global market by cruise ships, 2013-2024
8.4.3.2. Global market by cruise ships, by region 2013 – 2024
8.4.4. Ferries
8.4.4.1. Global market by ferries, 2013-2024
8.4.4.2. Global market by ferries, by region 2013 – 2024
8.4.5. Yachts
8.4.5.1. Global market by yachts, 2013-2024
8.4.5.2. Global market by yachts, by region 2013 – 2024
8.4.6. Others
8.4.6.1. Global market by others, 2013-2024
8.4.6.2. Global market by others, by region 2013 – 2024
8.5. Navy
8.5.1. Global market by navy, 2013-2024
8.5.2. Global market by navy, by region 2013 – 2024
8.6. Others
8.6.1. Global market by others, 2013-2024
8.6.2. Global market by others, by region 2013 – 2024
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