Comprehensive analysis on Marine Engines Market | Key Players are: Caterpillar, Daihatsu, Deutz, Cummins,Wärtsilä, Yamaha, Weichai..

Global Market Insights provides a detailed overview of Marine Engines Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of ++ market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

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.

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Marine Engines Market size is set to surpass USD 13 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Positive outlook toward seaborne industry and rising maritime trade activities will augment the marine engines market growth. As per the United Nations Conference on Trade & Development, in 2017 the shipping industry handled 80% of the world trade by volume and 70% by revenue through board ships across seaports worldwide.

497 pages
740 market data tables
17 figures & charts

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.

Lightweight and low maintenance requirement are some of the key imperative features which will drive the medium speed marine engine market. In addition, growth in maritime tourism coupled with increasing demand for recreational vessels will positively impact the business outlook. These products are primarily deployed across ferries, cruise and commercial vessels.

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Growth drivers
• Expansion in seaborne trade
• Increasing maritime tourism
• Technological advancement in marine engines
Industry pitfalls & challenges
• Stringent government regulations against emissions

Ongoing investments toward strengthen the shipbuilding sector will complement the South Korea market. The government, in 2016, invested USD 9.6 billion to enhance its shipbuilding business. In addition, the presence of numerous manufacturers and technological advancements in system design & development will strengthen the business outlook.

MDO engines are widely acceptable by ship operators owing to their availability and favorable price levels. However, increasing emission control areas (ECAs) coupled with rising awareness toward emissions may act as an industry restraint. Introduction of norms and regulations to reduce marine pollution has led to an increase in demand for low-emission systems. Industry players, to follow the directive norms, have introduced their diversified product lines with advanced systems including catalytic reactors and scrubbers.

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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.

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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Table of Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Market definition and forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.1.1. Paid Sources

1.2.1.2. Public Sources

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Marine engines industry 3600 synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Fuel trends

2.1.3. Power trends

2.1.4. Technology trends

2.1.5. Propulsion trends

2.1.6. Application trends

2.1.7. Regional Trends

Chapter 3. Marine engines Market Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024 (USD Million)

3.3. Industry ecosystem analysis

3.3.1. Vendor Matrix

3.4. Innovation landscape

3.4.1. Wärtsilä

3.4.2. Caterpillar

3.4.3. General Electric

3.4.4. Other innovations

3.5. Regulatory landscape

3.5.1. IMO

3.5.1.1. MARPOL

3.5.1.2. NOx Emissions Standards

3.5.1.3. SOx Emission Standards

3.5.1.4. Greenhouse Gas Emissions

3.5.2. U.S.

3.5.2.1. 1999 Marine Engine Rule

3.5.2.2. 2002 Recreational Engine Rule

3.5.2.3. 2003 Category 3 Engine Rule

3.5.2.4. 2008 Category ½ Engine Rule

3.5.2.5. Environment Control Areas (ECAs)

3.5.2.6. California

3.5.3. Europe

3.5.3.1. Directive 2004/26/EC

3.5.3.2. Directive 1999/32/EC

3.5.4. China

3.5.4.1. China, I/II Standards

3.5.4.2. Domestic Emission Control Areas

3.5.5. Japan

3.6. Shipbuilding industry trends & outlook

3.7. Customer requirements

3.8. Customer group requirements

3.9. Entry barrier

3.10. Global operated fleet, by operators, 2017

3.11. Global ownership of fleet, by countries, 2017

3.12. Industry impact forces

3.12.1. Growth drivers

3.12.1.1. Expansion in seaborne trade

3.12.1.2. Increasing maritime tourism

3.12.1.3. Technological advancement in marine engines

3.12.2. Industry pitfalls & challenges

3.12.2.1. Stringent government regulations against emissions

3.13. Growth potential analysis

3.14. Porter's Analysis

3.15. Competitive landscape, 2017

3.15.1. Strategy Dashboard

3.15.1.1. Wärtsilä

3.15.1.1.1. Mergers & Acquisitions

3.15.1.1.2. Business Optimization Program

3.15.1.2. MAN Diesel & Turbo

3.15.1.2.1. Expansion of After-sales

3.15.1.2.2. New product launches

3.15.1.2.3. Mergers & Acquisitions

3.15.1.2.4. Joint Venture

3.15.1.2.5. Research and development

3.15.1.2.6. Overseas expansion

3.15.1.3. Volvo Penta

3.15.1.3.1. New product launches

3.15.1.3.2. Expansion of Distribution Network

3.15.1.4. Caterpillar

3.15.1.4.1. New product launches

3.15.1.5. Yamaha

3.15.1.5.1. New product launches

3.15.2. Company market share by region

3.15.2.1. North America

3.15.2.2. Europe

3.15.2.3. Asia Pacific

3.15.2.4. Middle East & Africa

3.15.2.5. Latin America

3.15.3. Company market share by technology

3.15.3.1. Low speed

3.15.3.2. Medium speed

3.16. PESTEL analysis

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