Press release
Marine Propulsion Engines Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
What combination of drivers is leading to accelerated growth in the marine propulsion engines market?The expansion of the marine propulsion engine market looks set to be driven by an increase in international seaborne trade. This trade employs ships to transport goods over the seas, with marine propulsion systems propelling the vessels. These systems offer added safety for the marine environment, cost effectiveness, and lower emissions, leading to an increase in demand within the maritime industry. As an example, the United Nations Conference on Trade and Development (UNCTAD), a Swiss intergovernmental organization, reported a 1.4% increase in marine trade in 2022, with an expected growth of 2.1% predicted for the period of 2023 to 2027. In addition, containerized trade rose by 1.2% in 2022, with an expected increase of 1.9% in 2023. With these rises, international seaborne trade is undoubtedly propelling the growth of the marine propulsion engine market.
Get Your Marine Propulsion Engines Market Report Here:
https://www.thebusinessresearchcompany.com/report/marine-propulsion-engines-global-market-report
What is the projected compound annual growth rate (CAGR) of the marine propulsion engines market from 2025 to 2034, and what factors influence it?
The size of the marine propulsion engines market has seen consistent growth over the past few years. The market, which was worth $26.29 billion in 2024, is projected to increase to $27.42 billion in 2025, promising a compound annual growth rate (CAGR) of 4.3%. The growth witnessed in the historic period can be credited to the era of the steam engine, the shift to diesel engines, progress in engine design, the advent of gas turbines, as well as globalization and trade expansion.
In the coming years, the marine propulsion engines market is anticipated to experience robust growth and is projected to expand to a market size of $33.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.1%. This growth during the prediction period is linked to factors like the adoption of hybrid and electric propulsion, incorporation of AI and digitalization, green shipping initiatives, development of LNG infrastructure, and a concentrated emphasis on sustainability. Major trends for this forecast period will involve improving fuel efficiency and emissions, a transition towards alternative fuels, progress in digitalization and connectivity, using LNG as fuel, concentrating on decarbonization, and optimizing size and power.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9298&type=smp
How are the latest trends influencing the growth of the marine propulsion engines market?
The marine propulsion engine market is increasingly seeing product innovations as a predominant trend. Major corporations in the sector are concentrating their efforts on creating novel products to fortify their market foothold. For example, AB Volvo Penta, an American company specializing in engines and comprehensive power systems for boats, vessels, and industrial uses, presented variable-speed marine generator sets for marine electric propulsion in September 2022. The distinct characteristic of these sets is their reduced battery banks and the capability to recharge while moving, making the shift to hybrid-electric marine propulsion more economical and feasible. Volvo Penta provides a selection starting from the D8, 190 kW, extending up to 545 KWe for the D16.
What are the major segments of the marine propulsion engines market and their role in driving growth?
The marine propulsion engines market covered in this report is segmented -
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
Subsegments:
1) By 2-Stroke Engine: Direct Injection 2-Stroke Engines, Loop Scavenged 2-Stroke Engines
2) By 4-Stroke Engine: Diesel 4-Stroke Engines, Gasoline 4-Stroke Engines
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9298
Which regions are key players in the growth of the marine propulsion engines market?
Asia-Pacific was the largest region in the marine propulsion engines market in 2024. The regions covered in the marine propulsion engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the marine propulsion engines market?
Major companies operating in the marine propulsion engines market include Caterpillar lnc., Daihatsu Diesel Mfg Co. Ltd, Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., Rolls-Royce Holdings Plc, Wärtsilä Corporation, Yanmar Holdings Co. Ltd., Scania AB, MAN Energy Solutions, Cummins Inc., AB Volvo Penta, Kawasaki Heavy Industries Ltd., Fairbanks Morse Defense, Anglo Belgian Corporation, Nigata Power Systems Co. Ltd., Deutz AG, WinGD, Siemens Energy AG, Yamaha Motor Co. Ltd., Torqeedo GmbH, China Shipbuilding Corporation, Mitsubishi Turbocharger and Engine Europe B.V.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9298&type=smp
What Is Covered In The Marine Propulsion Engines Global Market Report?
• Market Size Forecast: Examine the marine propulsion engines market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the marine propulsion engines market for a structured understanding.
• Key Players Overview: Analyze major players in the marine propulsion engines market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the marine propulsion engines market.
• Segment Contributions: Evaluate how different segments drive overall growth in the marine propulsion engines market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the marine propulsion engines market.
• Industry Challenges: Identify potential risks and obstacles affecting the marine propulsion engines market.
• Competitive Landscape: Review strategic developments in the marine propulsion engines market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Marine Propulsion Engines Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers here
News-ID: 3892233 • Views: …
More Releases from The Business Research Company

Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Diamond Market Through 2025?
In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate…

2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025?
In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion…

Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Professional Street Sweeper Market Size By 2025?
The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)…

Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a…
More Releases for Engine
Global Vehicle Production Drives Growth In Vehicle Engine And Engine Parts Marke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Vehicle Engine And Engine Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size for vehicle engines and engine parts has seen substantial growth. Predictions point to an increase from $459.63 billion in 2024 to $493.89 billion in…
Evolving Market Trends In The Vehicle Engine And Engine Parts Industry: Declinin …
The Vehicle Engine And Engine Parts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Vehicle Engine And Engine Parts Market Size During the Forecast Period?
The vehicle engine and engine parts market has experienced substantial growth in recent years. It is expected…
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi …
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including the…
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi …
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including the…
Global Aero-engine Market Study 2019-2025 by Segment (Piston Engine, Gas Turbine …
MarketResearchNest Reports adds “Global Aero-engine Market Study 2015-2025, by Segment (Piston Engine, Gas Turbine Engine, Other Engine), by Market (Commercial Aircrafts, Military AircraftsGas Turbine Engine), by Company (Pratt & Whitney, GE, Rolls-Royce)” new report to its research database. The report spread across 67 pages with multiple tables and figures in it.
Snapshot
An aero-engine or aircraft engine is the component of the propulsion system for an aircraft that generates mechanical power.…
Aircraft Engine Fuel Systems Market Report 2018: Segmentation by Type (Jet Engin …
Global Aircraft Engine Fuel Systems market research report provides company profile for Triumph Group, GKN Plc, Honeywell International, Zodiac Aerospace, Meggitt, Eaton Corporation, Parker Hannifin, United Technologies and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…