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Marine Engines Market Size - Forecasts to 2027

Marine Engines Market Size - Forecasts to 2027

Marine Engines Market Size - Forecasts to 2027

According to a new market research report published by Global Market Estimates, the Global Marine Engines Market is is projected to grow from USD 11.8 Billion in 2022 to USD 13.5 Billion by 2027 at a CAGR value of 2.7% from 2022 to 2027.
The market will be driven during the forecast period by the increase in commercial and defense-related manufacturing of ships and cargo vessels, tremendous growth in marine freight transportation, an increase in cruise ships travels and marine tourism, and the increasing research and development of environmentally safer marine engines such as gas-based marine engines, etc.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on "Global Marine Engines Market - Forecast to 2027" https://www.globalmarketestimates.com/market-report/marine-engines-market-3811

By Engine (Propulsion Engine, Auxiliary Engine), By Power Range (Up to 1,001- 5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, Above 20,000 HP), By Fuel (Heavy Fuel Oil, Marine Diesel Oil, Marine Gas Oil, Others) , By Vessel (Offshore Support Vessels, Oil Tankers, Bulk Carriers, General Cargo, Container Ships, Product Tankers, Tugs, Others), By Region (North America, Asia Pacific, Central and South America, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Key Market Insights
• As per the engine outlook, the propulsion segment is expected to be the largest segment in the market from 2022 to 2027.
• The container ships segment is expected to be the fastest-growing segment in the market from 2022 to 2027 as per the vessel segmentation.
• According to the UNCTAD, around 80% of trade takes place through marine transportation, and this percentage is expected to be even higher for developing countries.
• North America (the United States, Canada, and Mexico) will have a dominant share in the Global Marine Engines market from 2022 to 2027
• Caterpillar (US), Wartsila (Finland), Volkswagen Group (MAN Energy Solutions) (Germany), Rolls-Royce Holdings (UK), Volvo Penta (Sweden), Mitsubishi Heavy Industries, Ltd (Japan), Cummins (US), Hyundai Heavy Industries Co., Ltd (South Korea), Daihatsu Diesel Mfg., Ltd. (Japan), Deutz AG (Germany), WinGD (Switzerland). Siemens Energy (Germany), Fairbanks Morse (US), Wabtec (GE Transportation) (US), Yanmar (Japan), Isotta Fraschini Motori (Italy), CNPC Jichai Power Company Limited (China), Bergen Engines (Norway), Doosan Infracore (South Korea), Mahindra Powerol (India), IHI Power Systems (Japan)among others are the key players in the Marine Engines market.

Browse the Report @ https://www.globalmarketestimates.com/market-report/marine-engines-market-3811

Engine Outlook (Revenue, USD Billion, 2022 - 2027)
• Propulsion Engine
• Auxiliary Engine

Power Range Outlook (Revenue, USD Billion, 2022 - 2027)
• Up to 1,001- 5,000 HP
• 5,001-10,000 HP
• 10,001-20,000 HP
• Above 20,000 HP

Fuel Outlook (Revenue, USD Billion, 2022-2027)
• Heavy Fuel Oil
• Marine Diesel Oil
• Marine Gas Oil
• Others

Vessel Outlook (Revenue, USD Billion, 2022-2027)
• Offshore Support Vessels
• Oil Tankers
• Bulk Carriers
• General Cargo
• Container Ships
• Product Tankers
• Tugs
• Others

Regional Outlook (Revenue, USD Billion, 2022-2027)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: Global Market Estimates
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

B-502, Kemp Plaza, Mindspace, Malad West, Mumbai: 400 064, India

Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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