Global Marine Engine Market: Detailed Analysis by Latest Trends, Size, Growth Drivers and Forecast to 2027

Posted on Dec 6 2022 6:12 AM

"Marine Engine Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Gas Carriers, Chemical Tankers, Support Vessels), By Capacity (0 – 10000 HP, 10000 – 20000 HP, 20000 – 30000 HP, 30000 – 40000 HP), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil)"

Marine Engine Market 2022-2027

Market Overview:

The recently released Fortune Business Insights™ research on the Marine Engine Market survey report provides facts and statistics regarding market structure and size. Global Marine Engine Market Industry, 2022-2027 Research report presents an in-depth analysis of the Marine Engine Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth Opportunities.

The global “marine engine market” size was USD 12.49 billion in 2020. The market is projected to grow from USD 10.54 billion in 2020 to USD 14.51 billion in 2027 at a CAGR of 4.7% in the 2020-2027 period.

Key Industry Developments:

In August 2019-Port of Auckland in the USA ordered the world’s first full-size electric tugboat. Damen Shipyards of the Netherlands is going to develop a full-size, 70-tonne bollard pull all-electric tug for delivery in 2021. The e-tug has the same pulling power as the port’s strongest diesel tug, which was also built by Damen.

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Statistical View:

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new market developments are accurately incorporated in the previous databases.

Covid-19 Impact:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

What are the report's objectives?

  • This market report shows the estimated market size for the Market Industry at the end of the forecast period.
  • The research also looks at historical and current market sizes.
  • Based on a range of variables, the charts depict year-over-year growth (percent) and compound annual growth rate (CAGR) over the specified anticipated time.
  • The study includes a market overview, geographical scope, segmentation, and financial performance of the major competitors.
  • For the forecast period, the study examines the growth rate, market size, and market valuation.

Report & Research:

  • We utilize data from the demand & supply side and paid databases. All the sources and methodology adopted for gathering data and information are mentioned in our reports.
  • we provide customization of reports based on your requirements. It will be charged based on the scope of customization. In addition.
  • we provide data for a particular country and region in our reports as well as customized formats. In our reports, we cover major countries and regions. However, if there is a requirement for a specific region, we would be happy to offer the data.
  • we provide market share information and insights considering the scope. This service is provided as a part of customization requirements.
  • we provide particular chapters of the report.

Major Key Companies Marine Engine Market Covered in The Globally Market:

  • Caterpillar
  • Cummins
  • Hyundai Heavy Industries
  • Man Energy Solution
  • Mitsubishi Heavy Industries
  • Honda Motors Co. Ltd.
  • Wartsila
  • Kongsberg
  • Mahindra Powerol
  • General Motors
  • Yanmar Holdings Co. Ltd.
  • Doosan Infracore

Growth Factor:

Rapidly Flourishing Global Trade to Drive the Market

Rapidly increasing international trade and the resultant global supply chain are projected to drive the global marine engine market growth. For instance, as per the report published by the International Monetary Fund, the overall growth of the world trade has been an average of 6% over the past 20 years.

The growth at this rate is twice as fast as the world output over these years. In addition, technological advancements in marine engines are estimated to enhance growth. However, the lack of fuel options due to strict regulations regarding emissions from several countries is anticipated to limit the demand. The marine engine market is on the rise, with new technologies and designs coming to the fore.

Marine Engine Market Segmentation:

By Ship Type:

  • Oil Tankers
  • Bulk Carriers
  • General Cargo Ships
  • Container Ships
  • Gas Carriers
  • Chemical Tankers
  • Support Vessel
  • Ferriers and Passenger ships
  • Other

By Capacity:

  • 0 - 10000 HP
  • 10000 - 20000 HP
  • 20000 - 30000 HP
  • 30000 - 40000 HP
  • 40000 - 50000 HP
  • 50000 - 60000 HP
  • 60000 - 70000 HP
  • 70000 - 80000 HP
  • 80000 - 90000 HP
  • 90000 - 100000 HP
  • 100000 - 110000 HP
  • Greater than 110000 HP

By Speed:

  • High Speed
  • Medium Speed
  • Low Speed

By Fuel Type:

  • Heavy Fuel Oil
  • Intermediate Fuel Oil
  • Marine Diesel Oil
  • Marine Gas Oil
  • LNG
  • Other

By Stroke:

  • Four Stroke
  • Two Stroke
  • Other

Regional Analysis and Countries Level Analysis:

Marine Engine Market regional analysis is a highly comprehensive part of the research presented in the report. This section sheds light on the sales growth of different regional and country-level Market shares. It provides in-depth and precise country-wise Market growth rate, value/volume analysis, and region-wise market size information of the global market.

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Table of Content:

Key Points from TOC:

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions

  1. Global Marine Engine Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions


  1. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

  1. Company Profiles

12.1 Overview

12.2 Products & Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

  1. Strategic Recommendations

TOC Continued……………

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