Marine Engines Market Size - Forecasts 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
Vessel Outlook (Revenue, USD Billion, 2022-2027)
• Offshore Support Vessels
• Oil Tankers
• Bulk Carriers
• General Cargo
• Container Ships
• Product Tankers
Regional Outlook (Revenue, USD Billion, 2022-2027)
• The U.S.
• Rest of Europe
• South Korea
• Rest of APAC
Central & South America
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• Rest of MEA
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