Marine Engine Global Market Report Focus on Top Players and Crucial Drivers
Marine Engine
Marine engine, an engine for propelling a ship. It is characterized by long service lives, the ability to reverse, moderate labor costs for maintenance without the need to remove the engines for servicing, and the ability to operate primarily on fuel oils. There are no severe design restrictions on the size or weight of marine engines.
Market trend Snapshot
The newly Marine Engine market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Global Marine Engine market was valued at USD 14,435 million in 2019 and is proved to reach USD 17,887 million by 2026, growing at a CAGR of 3.11%. This is mainly due to the increasing demand for marine engines for commercial and defense applications. The growing trend of market consolidation, technological developments, and increasing use of environment-friendly LNG-fueled engines are among the key factors that are expected to positively influence the marine engines market, globally, during the forecast period. In addition, anticipated growth in the market can be attributed to rising investment in optimized vessel efficiency and rise in the refurbishment of pre-owned marine engines to address rising demand from emerging economies.
Get FREE Sample of Marine Engine Market Report at:
Key Market Players Profile
Global vendors are focusing extensively on business expansion by developing strategies and strengthening their global reach. The companies are taking an active interest in mergers and acquisitions with global and regional players with an aim to generate new market opportunities. Key market players covered in the report such as Anglo Belgian Corporation, Dolphin Engines, Calcutt Boats Ltd, Caterpillar Marine Power Systems, Daihatsu Diesel Pro, Deutz Ag, GMT, IHI Corporation Ltd., Jason Engineering As, Scania, SIA Rigas Dizelis DG, STX Engine, and etc.
Forecast by Geography
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
North America region is the largest sales volume market for marine engines in 2018, with sales accounting for 32.07% of the world, followed by Europe and Asia-Pacific, accounting for 30.11% and 25.10%, respectively. North America witnessed a stagnant growth in 2018 and is anticipated to maintain growth over the forecast period. Europe was the second largest market in 2018. Countries such as Croatia, Denmark, Finland, France, Germany, Greece, and Italy are the prominent shipbuilding nations in Europe. The growing maritime activities and tourism in the European region have created a productive market for shipping industries and subsequently, marine engine manufactures.
The Asia Pacific region is predicted to be the fastest growing market in the forecast period. The high growth rate is attributed to the growth of shipbuilding activities, especially in Southeast Asian countries such as South Korea, Japan, China and Singapore, Indonesia and Malaysia. These countries have a lucrative market for marine engine manufactures in the continent to explore, expand their operations and conquer larger market share.
Marine Engine Type and Application Sketch
By type
• Commercial
• Offshore Support
• Inland Water Ways
The commercial segment is estimated to dominate the marine engines market in 2019 and is projected to have the largest market share during the forecast period. This is mainly due to the increase in the number of commercial vessels due to the increase in international seaborne trade, thereby increasing the use of marine engines in commercial vessels.
By application
• General Cargo
• LNG/LPG Carrier
• Reefer
• Tanker
• Product Carrier
• Multi-Purpose Vessel
• Pure Car Carrier
Get FREE Sample of Marine Engine Market Report at:
Marine Engine Report provides
ü Potential opportunities and challenges in Marine Engine market
ü Current and future market outlook in the developed and emerging markets
ü Detailed analysis of the segment that is expected to dominate the market
ü Regions that are expected to witness the fastest growth during the forecast period
ü Identify the latest developments, market shares, and strategies employed by the major market players
ü Comprehensive & in-depth research and after-sales warranty by GlobalMarketMonitor
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Marine Engine Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Marine Engine Market by Types
4 Segmentation of Marine Engine Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Marine Engine Market in Major Countries
7 North America Marine Engine Landscape Analysis
8 Europe Marine Engine Landscape Analysis
9 Asia Pacific Marine Engine Landscape Analysis
10 Latin America, Middle East & Africa Marine Engine Landscape Analysis
11 Major Players Profile
11.1 Anglo Belgian Corporation
11.1.1 Anglo Belgian Corporation Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Dolphin Engines
11.3 Calcutt Boats Ltd
11.4 Caterpillar Marine Power Systems
11.5 Daihatsu Diesel Pro
11.6 Deutz Ag
11.7 GMT
11.8 IHI Corporation Ltd.
11.9 Jason Engineering As
11.10 Scania
11.11 SIA Rigas Dizelis DG
11.12 STX Engine
…
Target Audience:
• Marine Engine manufacturers
• Component suppliers
• Distributors and resellers of Marine Engine
• Marine Engine industry associations
• Product managers, Marine Engine industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
Get FREE Sample of Marine Engine Market Report at:
Contact
Global Market Monitor
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Name: Rebecca Hall
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese