Marine Engine Market: Current Analysis and Forecast (2021-2027)
August 2021
340
About the Report
About the Report
Marine transport sector is considered as the pillar of international trade. According to the International Chamber of Shipping (United Kingdom), more than 90% of the global merchandise trade in terms of volume is conceded via sea/ocean. Cost of transportation via sea is considered cheaper compared to that of rail and road transport. Asia-Pacific is considered as the leading supplier of manufactured goods, thus, the overall demand for container ships is significantly high in the Asia-Pacific region. Most shipbuilding companies, including manufacturers of propulsion systems and engines, are headquartered in the Asia-Pacific region. Thus, the demand for maritime transport services and the growth of the shipping industry in the Asia-Pacific region is expected to provide ample growth opportunity for the marine engines manufacturers during the forecast period 2021-2027.
Based on power range the global marine engine market is bifurcated into >1000 HP, 1001-5000 HP, 5001-10000 HP, 10001-20000 HP and Above 20000 HP. Current, 5001-10000 HP segment dominated the market, however XX segment is expected to witness highest CAGR growth during the forecast period 2021-2027. Based on Type, the market is bifurcated into Two-stroke and Four-stroke marine engine. In 2020, Two-stroke segment dominated the market, however Four-stroke segment is expected to witness highest CAGR growth during the forecast period.
Based on Engine, the market is bifurcated into Propulsion Engine and Auxiliary Engine. Current, Propulsion Engine segment dominated the market, however XX segment is expected to witness highest CAGR growth during the forecast period 2021-2027.
Based on Vessel type, the market is segmented into Commercial Vessel, Offshore Support Vessel, Others. In 2020, Commercial Vessel segment dominated the market, however XX segment is expected to witness highest CAGR growth during the forecast period.
Based on Fuel, the report segments the market into Heavy Fuel oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, Other. Current, Heavy Fuel oil segment dominated the market, however XX segment is expected to witness highest CAGR growth during the forecast period 2021-2027.
For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific) and Rest of World. Currently North America dominated the market and is expected to maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to witness highest CAGR growth during the forecast period.
Some of the major companies operating in the global marine engine market includes Hyundai Heavy Industries, Caterpillar, MAN SE, Mitsubishi Heavy Industries, Volvo Penta, Rolls-Royce, Cummins, Wartsila, GE Transportation, Deutz AG.
Products
Companies
Hyundai Heavy Industries
Caterpillar
MAN SE
Mitsubishi Heavy Industries
Volvo Penta
Rolls-Royce
Cummins
Wartsila
GE Transportation
Deutz AG
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Marine Engines Market
2.1.1. Main Objective of the Global Marine Engines Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL MARINE ENGINES MARKET AMID COVID-19
6 GLOBAL MARINE ENGINES MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY POWER RANGE
7.1. >1000 hp
7.2. 1001-5000 Hp
7.3. 5001-10000 Hp
7.4. 10001-20000 Hp
7.5. Above 20000 Hp
8 MARKET INSIGHTS BY TYPE
8.1. Two-stroke
8.2. Four-stroke
9 MARKET INSIGHTS BY ENGINE
9.1. Propulsion Engine
9.2. Auxiliary Engine
10 MARKET INSIGHTS BY VESSEL
10.1. Commercial Vessel
10.2. Offshore Support Vessel
10.3. Others
11 MARKET INSIGHTS BY FUEL
11.1. Heavy Fuel oil
11.2. Intermediate Fuel Oil
11.3. Marine Diesel Oil
11.4. Marine Gas Oil
11.5. Other
12 MARKET INSIGHTS BY REGION
12.1. North America Marine Engines Market
12.1.1. United States
12.1.2. Canada
12.1.3. Rest of North America
12.2. Europe Marine Engines Market
12.2.1. Germany
12.2.2. United Kingdom
12.2.3. France
12.2.4. Spain
12.2.5. Rest of Europe
12.3. Asia Pacific Marine Engines Market
12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. Australia
12.3.5. Rest of Asia-Pacific
12.4. Rest of World Marine Engines Market
13 MARINE ENGINES MARKET DYNAMICS
13.1. Market Drivers
13.2. Market Challenges
13.3. Impact Analysis
14 MARINE ENGINES MARKET OPPORTUNITIES
15 MARINE ENGINES MARKET TRENDS
16 LEGAL & REGULATORY FRAMEWORK
17 DEMAND AND SUPPLY SIDE ANALYSIS
17.1. Demand Side Analysis
17.2. Supply Side Analysis
17.2.1. Top Product Launches
17.2.2. Top Business Partnerships
17.2.3. Top Business Expansions, Investments and Divestitures
17.2.4. Top Merger and Acquisitions
18 VALUE CHAIN ANALYSIS
19 COMPETITIVE SCENARIO
19.1. Porter's Five Forces Analysis
19.1.1. Bargaining power of Supplier
19.1.2. Bargaining power of Buyer
19.1.3. Industry Rivalry
19.1.4. Availability of Substitute
19.1.5. Threat of new Entrants
19.2. Competitive Landscape
19.2.1. Company Shares, By Revenue
20 COMPANY PROFILED
20.1. Cummins
20.2. Caterpillar
20.3. MAN SE
20.4. Mitsubishi Heavy Industries
20.5. Volvo Penta
20.6. Rolls-Royce
20.7. Hyundai Heavy Industries
20.8. Wartsila
20.9. GE Transportation
20.10. Deutz AG
21 DISCLAIMER
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