Press release
ASEAN Marine Engines Market Top Key Players- Yanmar, Scania, Caterpillar, Volvo Penta, Cummins
The ability to deliver increased power along with lower emissions will determine the market share of hybrid marine engines. In addition, compliance with global guidelines for strengthening environmental laws enacted by government agencies will drive the business scenario.
Request for Sample@ https://bit.ly/3HhVUfJ
ASEAN MARINE ENGINES MARKET DYNAMICS
The ability to deliver increased power along with lower emissions will determine the market share of hybrid marine engines. In addition, compliance with global guidelines for strengthening environmental laws enacted by government agencies will drive the business scenario.
In addition, the ability to provide significant capacity to meet a variety of loads on ships, including tugs, ferries and naval vessels, is expected to improve product launches along with significant noise reduction. It is widely applicable to submarines, yachts and tugs, and is intended to facilitate the deployment of engines over 20,000 hp with the ability to provide smooth and efficient operation.
Changes in end-user propensity for travel and entertainment, driven by rising standards of living, driven by rising per capita income, will drive product adoption. In addition, revitalization of naval activity and an increase in maritime trade activity due to favorable government policies will improve industry statistics.
ASEAN MARINE ENGINES MARKET SEGMENTATION
By Engine Type
• Propulsion
• Auxiliary
By Power Output
• < 1000 HP
• 1000-5000 HP
• 5000-10000 HP
• 10000-20000 HP
• >20000 HP
By Stroke
• 2 Stroke
• 4 Stroke
By Application
• Commercial Vessels
• Offshore Support Vessels
COVID IMPACT ON ASEAN MARINE ENGINES MARKET
The most significant short-term impact on marine engines will be felt through the supply chain. Industry executives expect supply and construction to slow as countries close industries to slow the spread of the coronavirus or workers test positive. The cumulative impact of the epidemic and falling international oil prices are likely to result in a sharp decline in investment this year, particularly in marine support vessels.
The continued economic downturn, production shutdowns and closures are reducing demand for merchant ships. In addition, the cancellation of cruise ships and the slowdown in investment in international trade by merchant ships are expected to affect the demand for marine engines.
COMPETITIVE LANDSCAPE
The marine propulsion system market is highly integrated. Major industry players with market share for ship propulsion systems include MAN Diesel & Turbo, Wartsila, and Hyundai Heavy Industries Co. Ltd, Daihatsu Diesel Mfg. Ltd. and Caterpillar. These companies are constantly innovating to provide their customers with sustainable, flexible, cost-effective and efficient solutions. Companies seek to expand their brands in the marketplace through mergers and acquisitions.
Hyundai Heavy Industries has recently acquired a 55.7% stake in Daewoo Shipbuilding & Marine Engineering for $1.08 billion (about KRW 1.1 trillion). The acquisition is expected to further strengthen Hyundai Heavy Industries' market position.
COMPANY PROFILES
• Yanmar
• Scania
• Caterpillar
• Volvo Penta
• Cummins
Read More Information: https://mobilityforesights.com/product/asean-marine-engines-market/
Related Links
Marine Inboard Engines Market: https://mobilityforesights.com/product/marine-inboard-engines-market/
Marine Outboard Engine Market: https://mobilityforesights.com/product/marine-outboard-engine-market/
Marine Generator Market: https://mobilityforesights.com/product/marine-generator-market/
Europe Marine Gensets Market: https://mobilityforesights.com/product/europe-marine-gensets-market/
Marine Lubricants Market: https://mobilityforesights.com/product/marine-lubricants-market/
Marine Steering System Market: https://mobilityforesights.com/product/marine-steering-system-market/
Marine Propeller Market: https://mobilityforesights.com/product/marine-propeller-market/
Marine Telematics Market: https://mobilityforesights.com/product/marine-telematics-market/
Marine Navigation System Market: https://mobilityforesights.com/product/marine-navigation-system-market/
Marine Radar Market: https://mobilityforesights.com/product/marine-radar-market/
Marine Speaker Market: https://mobilityforesights.com/product/marine-speaker-market/
Marine Lithium Battery Market: https://mobilityforesights.com/product/marine-lithium-battery-market/
Marine Solar Panel Market: https://mobilityforesights.com/product/global-marine-solar-panel-market/
Marine Gyrostabilizer Market: https://mobilityforesights.com/product/marine-gyrostabilizer-market/
Marine Autopilot Market: https://mobilityforesights.com/product/marine-autopilot-market/
Marine Watermaker Market: https://mobilityforesights.com/product/marine-watermaker-market/
Marine Chartplotter Market: https://mobilityforesights.com/product/marine-chartplotter-market/
Marine Coatings Market: https://mobilityforesights.com/product/marine-coatings-market/
Marine Electric Vehicle Market: https://mobilityforesights.com/product/marine-electric-vehicle-market/
Marine Tender Market: https://mobilityforesights.com/product/marine-tender-market/
Contact:
Company Name: https://mobilityforesights.com/
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka
About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release ASEAN Marine Engines Market Top Key Players- Yanmar, Scania, Caterpillar, Volvo Penta, Cummins here
News-ID: 2513072 • Views: …
More Releases from Mobility Foresights
Automotive Airbag Market Size, Share and Forecasts 2030
The Automotive Airbag Market, valued at $18.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 8.7%, reaching $30.2 billion by 2030, according to a new report by AutoTech Insights. Surging demand for vehicle safety, stricter government mandates, and advancements in airbag technology are driving this growth, with electric vehicles (EVs) and autonomous cars creating new opportunities for innovation.
Download a Sample PDF Copy of…
Latest Trends In Global Sea Moss Market
The sea moss market has been experiencing a surge in popularity and demand due to its numerous health benefits and versatile applications. Sea moss, scientifically known as Chondrus crispus or Irish moss, is a type of red algae found in coastal regions of the North Atlantic Ocean. It has gained recognition for its potential nutritional and medical properties.
Request for Sample@https://mobilityforesights.com/contact-us/?report=65352
Market Overview:
Sea moss is consumed both as a…
Latest Trends In Global Silica Aerogel Market
Silica aerogel, often referred to as "frozen smoke" or "blue smoke," is a remarkable and highly porous material known for its exceptional properties, including low density, high porosity, and superior thermal insulating capabilities.
This unique material has gained significant attention in various industries due to its versatile applications. The silica aerogel market has witnessed substantial growth and innovation, driven by its remarkable properties and increasing demand for efficient insulation and…
Latest Trends In Silicone Defoamers Market
Silicone defoamers, also known as silicone antifoaming agents, are crucial additives used in various industries to control and eliminate foam formation in processes and products.
Foam can be problematic in multiple applications, leading to inefficiencies, product defects, and operational challenges. As a result, the silicone defoamers market has seen steady growth, driven by the need for effective foam control in diverse sectors.
Request for Sample@https://mobilityforesights.com/contact-us/?report=87752
Key Market Drivers:
Industrial Processes: The…
More Releases for Marine
Marine Fender Market Hits New High | Major Giants Bridgestone Corporation, Fende …
HTF MI recently introduced Global Marine Fender Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Marine Fender Market are:
Acir Marine (United States), Bridgestone Corporation (Japan), Fendercare Marine (United Kingdom), Maha Tech Asia Pte Ltd…
Marine Lighting Market Forecasted for Strong Growth from 2025 to 2032 | Phoenix …
The marine lighting market is estimated to be valued at USD 449.8 Mn in 2025 and is expected to reach USD 654.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
A new report from CoherentMI, titled "Marine Lighting Market 2025-2032," offers an in-depth examination of the industry, including valuable insights into the Marine Lighting Market's performance. The report covers competitor dynamics, regional…
Marine Switchboards Market | ABB, Atlas Marine Systems, Clean Marine Switchboard …
The global marine switchboards market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the marine switchboards market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
Marine Asset Management Services Market Boosts Massive Revenue by 2030| Oceanic …
The latest study released on the Global Marine Asset Management Services Market by GMV Research evaluates market size, trend, and forecast to 2030. The Marine Asset Management Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities, and upcoming challenges and about…
Marine Doors market: Players tapping Emerging Markets | MML Marine, Baier, Freem …
"The global Marine Doors Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Marine Doors Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global…
Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
Request Exclusive Free Sample PDF of This…
