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Marine Propulsion Engines Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Caterpillar, Daihatsu Diesel Mfg. Co. Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Marine Propulsion Engines Market Size, Growth Rate, And Forecast
The global marine propulsion engines market size is expected to grow from $24.30 billion in 2022 to $25.40 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine propulsion engines market size is expected to reach $31.18 billion in 2027 at a CAGR of 4.1%.
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Marine Propulsion Engines Market Drivers
The rise in international seaborne trade is expected to propel the growth of the marine propulsion engine market going forward. Seaborne trade refers to the kind of trade that uses ships to convey commodities across the sea.
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Marine Propulsion Engines Market Segments
1) By Engine Type: 2-Stroke Engine, 4- Stroke Engine
2) By Ship Type: Cargo Or Container Ships, Tanker, Bulk Carrier, Offshore Vessel, Passenger Ship, Other Ship Types
3) By Power Range: 0-1,000 HP, 1,001-5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, Above 20,000 HP
4) By Fuel Type: Diesel, Heavy Fuel Oil, Natural Gas, Other Fuel Types
5) By Application: Commercial, Defense, Passenger
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Marine Propulsion Engines market.
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Marine Propulsion Engines Market Key Players
Major players in the marine propulsion engines market are Caterpillar, Daihatsu Diesel Mfg. Co. Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc., Wärtsilä, Yanmar Holdings Co. Ltd., Scania, MAN Energy Solutions, Cummins Inc., AB Volvo Penta, General Electric, Masson Marine, Kawasaki Heavy Industries Ltd. and Fairbanks Morse Defense.
The Business Research Company's "Global Marine Propulsion Engines Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Marine Propulsion Engines Market Include:
1. Executive Summary
2. Marine Propulsion Engines Market Characteristics
3. Marine Propulsion Engines Market Trends And Strategies
4. Marine Propulsion Engines Market - Macro Economic Scenario
5. Marine Propulsion Engines Market Size And Growth
……
27. Marine Propulsion Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Propulsion Engines Market
29. Marine Propulsion Engines Market Future Outlook and Potential Analysis
30. Appendix
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