Press release
Global Marine Engines Market to grow at a CAGR of 4.20% during the period 2017-2021
About Marine Engines
Marine engines are used for propelling boats. They are categorized into two parts: Marine outboard engines, and Marine inboard engines. Outboard engines are mostly used in small and mid-sized boats.
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There are several benefits of outboard engines such as low maintenance cost, affordability, environmental compatibility, and high engine performance. Marine inboard engines are mainly present in yachts and few of the powerboats. Yachts are generally equipped with multiple inboard engines, since they require more power and torque.
Technavios analysts forecast the global marine engines market to grow at a CAGR of 4.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global marine engines market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Europe
US
ROW
Technavio's report, Global Marine Engines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Caterpillar
Cummins
Volvo Penta
Mercury Marine
Other prominent vendors
Suzuki
Yamaha
MAN Diesel & Turbo
Honda
Market driver
Increasing sales of boats
For a full, detailed list, view our report
Market challenge
Rise in compliance cost due to stringent emission norms
For a full, detailed list, view our report
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Market trend
Increase in popularity of pontoon boats
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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