openPR Logo
Press release

Setting Sail for Success : Navigating the Marine Diesel Engine Market Growing at a CAGR of 4.9% From 2022 to 2031

12-05-2023 06:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Setting Sail for Success : Navigating the Marine Diesel Engine

As per the report, the global marine diesel engine industry was estimated at $9.1 billion in 2021, and is set to reach $14.8 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ : https://www.alliedmarketresearch.com/request-sample/7492

๐“๐ก๐ž ๐ฅ๐จ๐ฐ ๐ฌ๐ฉ๐ž๐ž๐ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ก๐จ๐ฅ๐ ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ก๐š๐ซ๐ž ๐จ๐ฏ๐ž๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

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.

๐“๐ก๐ž ๐›๐ฎ๐ฅ๐ค ๐œ๐š๐ซ๐ซ๐ข๐ž๐ซ๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐ญ๐ž๐ซ๐ฆ๐ฌ ๐จ๐Ÿ ๐ซ๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

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.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/drone-package-delivery-market/purchase-options

๐“๐ก๐ž ๐Ÿ’-๐ฌ๐ญ๐ซ๐จ๐ค๐ž ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

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.

๐€๐ฌ๐ข๐š-๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐ญ๐จ ๐ฆ๐š๐ข๐ง๐ญ๐š๐ข๐ง ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

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.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  : https://www.alliedmarketresearch.com/purchase-enquiry/7492

๐‹๐ž๐š๐๐ข๐ง๐  ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

Wingcopter GmbH
Deutsche Post DHL Group
Wing Aviation LLC
DroneScan
PINC Solutions
Matternet Inc.
Amazon.com, Inc.
FedEx Corporation
Zipline International Inc.
Workhorse Group
Flytrex Inc.
United Parcel Service of America, Inc.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ :

LiDAR drone Market : https://www.globenewswire.com/en/news-release/2023/03/02/2619049/0/en/LiDAR-Drone-Market-Is-Expected-to-Generate-1-0-Billion-by-2031-Allied-Market-Research.html

Drone Logistics Market : https://www.prnewswire.com/news-releases/drone-logistics-market-to-reach-53-32-billion-globally-by-2031-at-20-8-cagr-allied-market-research-301609714.html

Firefighting Drone Market : https://www.globenewswire.com/en/news-release/2022/11/08/2550530/0/en/Firefighting-Drone-Market-Size-to-Garner-2-4-Billion-by-2031-Allied-Market-Research.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

About us -

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 Setting Sail for Success : Navigating the Marine Diesel Engine Market Growing at a CAGR of 4.9% From 2022 to 2031 here

News-ID: 3314983 • Views: โ€ฆ

More Releases from Allied Market Research

Faucet Market Forecast 2035: Reaching USD 118.4 billion by 2035
Faucet Market Forecast 2035: Reaching USD 118.4 billion by 2035
According to a new report published by Allied Market Research, titled, "Faucet Market," The faucet market size was valued at $48.9 billion in 2023, and is estimated to reach $118.4 billion by 2035, growing at a CAGR of 7.6% from 2023 to 2035. Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/2448 Faucet is a plumbing fixture used to control the flow of water in various settings such as kitchens,โ€ฆ
Vinyl Wallpaper Market Size Forecasted to Grow at 3.3% CAGR, Reaching USD 1.3 billion by 2031
Vinyl Wallpaper Market Size Forecasted to Grow at 3.3% CAGR, Reaching USD 1.3 bi โ€ฆ
The Vinyl Wallpaper Market Size was valued at $943.30 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031. Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/16970 Vinyl wallpaper consists of a carrier layer (recycled paper or non-woven wallpaper base) and a decorative layer made of polyvinyl chloride. A synthetic foam layer provides three-dimensional structures toโ€ฆ
Luxury Travel Market Set to Achieve a Valuation of US$ 2149.7 billion, Riding on a 7.4% CAGR by 2035
Luxury Travel Market Set to Achieve a Valuation of US$ 2149.7 billion, Riding on โ€ฆ
According to a new report published by Allied Market Research, titled, "Luxury Travel Market," The luxury travel market size was valued at $890.8 billion in 2023, and is estimated to reach $2149.7 billion by 2035, growing at a CAGR of 7.4% from 2024 to 2035. Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/1662 Luxury travel refers to travel experiences that offer exceptional comfort, exclusivity, and personalized services, typically catering toโ€ฆ
Men Personal Care Market to Grow at a CAGR of 8.6% and will Reach USD 276.9 billion by 2030
Men Personal Care Market to Grow at a CAGR of 8.6% and will Reach USD 276.9 bill โ€ฆ
According to a new report published by Allied Market Research, titled, "Men Personal Care Market by Type, Age Group, Price Point, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the men personal care market size is expected to reach $276.9 billion by 2030 at a CAGR of 8.6% from 2021 to 2030. Request The Sample PDF of This Report: @ https://www.alliedmarketresearch.com/request-sample/1701 Men personal care products are non-medicinalโ€ฆ

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast โ€ฆ
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,โ€ฆ
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 โ€ฆ
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworksโ€ฆ
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomicโ€ฆ
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion. These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membraneโ€ฆ
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantialโ€ฆ
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States. Despite challenges such as training for newโ€ฆ