Press release
Setting Sail for Success : Navigating the Marine Diesel Engine Market Landscape at a CAGR of 4.9% From 2022 to 2031
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/3001
๐๐ก๐ ๐ฅ๐จ๐ฐ ๐ฌ๐ฉ๐๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ก๐จ๐ฅ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐ ๐จ๐ฏ๐๐ซ ๐๐๐๐-๐๐๐๐
On basis of the technology, the low speed segment accounted for the highest share of the global market in 2021, contributing nearly half of the global marine diesel engine market share. Moreover, the same segment is set to contribute majorly toward overall market share by 2031. The segmental growth over the forecast timeline can be attributed to the rise in manufacture of small boats across the globe. In addition, key players operating in the industry provide a plethora of boats equipped with low speed diesel engines, thereby spearheading the segmental surge. However, the high speed segment is set to register the highest CAGR of 5.93% during the forecast period due to escalating demand for high-speed boats for long-distance journey as well as growing yacht chartering globally.
๐๐ก๐ ๐๐ฎ๐ฅ๐ค ๐๐๐ซ๐ซ๐ข๐๐ซ๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐๐ฒ ๐๐๐๐
Based on the ship type, the bulk carriers segment contributed to the highest market share in 2021, accounting for more nearly two-fifths of the global marine diesel engine market share. This segment is predicted to contribute majorly toward overall market share by 2031. The growth of this segment over the forecast period can be attributed to rise in demand for commodities such as iron, steel, grains, coal, and cement across a slew of industries. Moreover, a decrease in trade barriers among bordering countries will boost the segmental surge. However, the general cargo ship segment is predicted to record the highest CAGR of 10.07% over the forecast period. The segmental growth can be credited to eco-friendly feature of general cargo ships along with growing need for transporting goods from one location to its destination through general cargo ships.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/marine-diesel-engine-market/purchase-options
๐๐ก๐ ๐-๐ฌ๐ญ๐ซ๐จ๐ค๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐
In terms of type, the 4-stroke segment accounted for the highest share of the global market in 2021, contributing more than two-thirds of the global marine diesel engine market share. Moreover, the same segment is set to contribute majorly toward overall market share by 2031. The growth of the segment over the forecast period can be credited to ability of 4-stroke marine diesel engines in offering efficiency and reliability along with its ability of minimizing fuel emissions. However, the 2-stroke segment is expected to register the highest CAGR of 5.72% during the forecast period. The segmental growth can be attributed to the ability of 2-stroke marine diesel engine in providing one power stroke per revolution of the crankshaft.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐-๐๐๐๐
Based on the region, the Asia-Pacific region contributed notably toward the global marine diesel engine market share in 2021, and is projected to continue its dominance during the forecast timespan. The region accounted for nearly half of the global market share in 2021 and is set to continue its domination of the market in the next ten years. The growth of the market in the region can be attributed to lower wages, supportive government policies, and presence of strong forward & backward linkage industries in the region. In addition, the market across LAMEA is predicted to register the highest CAGR of 8.51% from 2022 to 2031. The growth of the regional market over the forecast period can be credited to growing inclination of countries toward the improved naval sector in countries such as the UAE.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/3001
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Bergen Engines,
Caterpillar,
Cummins Inc.,
Daihatsu Diesel Mfg. Co., Ltd.,
Deere & Company,
Deutz AG,
Fairbanks Morse Defense,
Hyundai Heavy Industries Co., Ltd,
IHI Power Systems,
MAN SE,
Mercury Marine,
Mitsubishi Corporation,
Rolls Royce plc,
Volvo Penta,
Wabtec Corporation,
Wรคrtsilรค,
Yanmar Marine International B.V.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Marine Telematics Market : https://www.alliedmarketresearch.com/marine-telematics-market
Marine Propeller Market : https://www.alliedmarketresearch.com/marine-propeller-market
Marine Propulsion Engine Market: https://www.alliedmarketresearch.com/marine-propulsion-engine-market
๐๐จ๐ง๐ญ๐๐๐ญ :
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