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Market Research Report

Global Marine Engines Market - 2019-2026

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Global Marine Engines Market - 2019-2026
Published: October 1, 2019 Content info:
Description

Market Overview

An engine for marine use, installed in a boat or ship. For small vessels, these are usually adapted automotive engines; for large vessels, they are specially built for the purpose. Marine automobile engines are types of automobile petrol- or diesel engines that have been specifically modified for use in the marine environment. The differences include changes made for operating in a marine environment, safety, performance, and regulatory requirements. The engines used on board ships are internal combustion engines (a type), in which, the combustion of fuel takes place inside the engine cylinder and the heat is generated post the combustion process.

The global Marine Engines market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of 4.5% during the forecast period.

Market Dynamics

A rise in the growth of maritime tourism worldwide and Increasing demand for dual-fuel engines are the driving factors for the growth of the market globally. The global countries are concentrating to develop maritime tourism worldwide. Fire instance, The European Maritime Day (EMD) focused on coastal and maritime tourism and was the opportunity to introduce the results of a public consultation launched to prepare a communication on coastal and maritime tourism. The EU Commission adopted a Communication on "A European Strategy for more Growth and Jobs in Coastal and Maritime Tourism" on 20 February 2014, presenting a new strategy to enhance coastal and maritime tourism in Europe in order to unlock the potential of this promising sector.

Strict environmental rules and regulations globally and instabilities in oil & gas prices are the key restraints hindering the market growth worldwide. For instance, EPA has adopted exhaust emission standards for marine diesel engines installed in a variety of marine vessels ranging in size and application from small recreational vessels to tugboats and large ocean-going vessels.

Segment Analysis

Based on the engine, the marine engines market is divided into the auxiliary engine, propulsion engine, generator drive engines, and others. Others include diesel-electric engines. The global marine engine market size by propulsion engine segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The High efficient and durable marine propulsion engines power various types of marine applications. Companies are focusing to introduce propulsion diesel engines. For instance, Yanmar produce and provide medium speed propulsion diesel engines between 374 and 4,500kW for commercial ship, workboats, and large fishing boats, etc. Adding to this, ABC engine has launched with a well-designed propulsion system ensures optimal performance at the lowest fuel consumption while complying with the existing and future emission regulations.

By application, the marine engines market is divided into offshore support vessel, commercial vessel, inland waterways vessel, and others. Others include recreational, pure car carriers. The global marine engine market size by inland waterways vessel segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By fuel type, the marine engine market is segmented into marine diesel oil, marine gas oil, heavy fuel time, intermediate fuel oil and others. Others include LNG, gasoline, hybrid, gas turbine. The global marine engine market size by marine diesel oil segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

On the basis of power range, the marine engines market is classified into up to 5,000 HP, 5,000 HP to 15,000 HP and above 15,000 HP. The global marine engine market size by 5,000 HP to 15,000 HP segment was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

By type, the marine engines market is classified into two-stroke and four-stroke. The global marine engine market size by two-stroke was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Geographical Analysis

The Asia Pacific marine engine market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The Asia Pacific is expected to grab the major market share in the forecast period due to the presence of key manufacturing hubs for marine engines in Asia Pacific economies like Japan, South Korea, China, and other southeast Asian countries. For instance, Marine Engines & Systems engines are manufactured by a family of licensees, primarily based in Asia, and serve a multitude of marine applications and segments. Furthermore, In April, Rolls-Royce announced it has inked pact with Goa Shipyard Ltd (GSL) to manufacture technologically-advanced MTU Series 8,000 engines, used in offshore patrol vessels, in India. Adding to this, The Volkswagen group-owned company, Commercial vehicles, and engine manufacturer Scania have launched its marine engine platform with the high-output 16-liter V8, the powerful 13-liter and the new 9-liter engines.

Competitive Landscape

The Marine Engines market is competitive with existing players in the market.

Some of the major players include Mitsubishi Heavy Industries, Wartsila, Rolls-Royce, John Deere, GE Transportation, Man SE, Hyundai Heavy Industries, Caterpillar, Volvo Group and Deutz AG.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Marine Engines Market.

In April, Rolls-Royce announced it has inked pact with Goa Shipyard Ltd (GSL) to manufacture technologically-advanced MTU Series 8,000 engines, used in offshore patrol vessels, in India.

The Volkswagen group-owned company, commercial vehicles, and engine manufacturer Scania has launched its marine engine platform with the high-output 16-liter V8, the powerful 13-liter and the new 9-liter engines in India.

In April 2019, Norwegian technology group Kongsberg Gruppen announced that it has completed its acquisition of Rolls-Royce Commercial Marine (RRCM).

Why Purchase the Report?

  • Visualize the composition of the Marine Engines in terms of various types of engines, fuel types, power ranges, types and their applications highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Marine Engines market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Marine Engines market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Marine Engines report would provide access to an approx., 77 data tables, 75 figures, and 175 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Marine Engines Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Marine Engines Market - Market Definition and Overview

3. Global Marine Engines Market - Executive Summary

  • 3.1. Market Snippet by Fuel Type
  • 3.2. Market Snippet by Power Range
  • 3.3. Market Snippet by Engine
  • 3.4. Market Snippet by Application
  • 3.5. Market Snippet by Type
  • 3.6. Market Snippet by Region

4. Global Marine Engines Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. The rise in the growth of maritime tourism worldwide
      • 4.1.1.2. Increasing demand for dual-fuel engines
    • 4.1.2. Restraints
      • 4.1.2.1. Strict environmental rules and regulations globally
      • 4.1.2.2. Instabilities in oil & gas prices
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Global Marine Engines Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Regulatory Analysis

6. Global Marine Engines Market - By Fuel Type

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 6.1.2. Market Attractiveness Index, By Fuel Type
  • 6.2. Marine Diesel Oil*
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 6.3. Marine Gas Oil
  • 6.4. Heavy Fuel Time
  • 6.5. Intermediate Fuel Oil
  • 6.6. Others (LNG, Gasoline, Hybrid, Gas Turbine)

7. Global Marine Engines Market - By Power Range

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 7.1.2. Market Attractiveness Index, By Power Range
  • 7.2. Up to 5,000 HP*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 7.3. 5,000 HP to 15,000 HP
  • 7.4. Above 15,000 HP

8. Global Marine Engines Market - By Engine

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 8.1.2. Market Attractiveness Index, By Engine
  • 8.2. Auxiliary Engine*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 8.3. Propulsion Engine
  • 8.4. Generator Drive Engines
  • 8.5. Others (Diesel Electric Engine)

9. Global Marine Engines Market - By Application

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 9.1.2. Market Attractiveness Index, By Application
  • 9.2. Offshore Support Vessel*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 9.3. Commercial Vessel
  • 9.4. Inland Waterways Vessel
  • 9.5. Others (Recreational, Pure Car Carrier)

10. Global Marine Engines Market - By Type

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 10.1.2. Market Attractiveness Index, By Type
  • 10.2. Two-Stroke*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 10.3. Four-Stroke

11. Global Marine Engines Market - By Region

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 11.1.2. Market Attractiveness Index, By Region
  • 11.2. North America
    • 11.2.1. Introduction
    • 11.2.2. Key Region-Specific Dynamics
    • 11.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 11.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 11.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 11.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 11.2.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.2.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.2.8.1. U.S.
      • 11.2.8.2. Canada
      • 11.2.8.3. Mexico
  • 11.3. Europe
    • 11.3.1. Introduction
    • 11.3.2. Key Region-Specific Dynamics
    • 11.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 11.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 11.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 11.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 11.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.3.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.3.8.1. Germany
      • 11.3.8.2. U.K.
      • 11.3.8.3. France
      • 11.3.8.4. Italy
      • 11.3.8.5. Spain
      • 11.3.8.6. Rest of Europe
  • 11.4. South America
    • 11.4.1. Introduction
    • 11.4.2. Key Region-Specific Dynamics
    • 11.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 11.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 11.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 11.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 11.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.4.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.4.8.1. Brazil
      • 11.4.8.2. Argentina
      • 11.4.8.3. Rest of South America
  • 11.5. Asia Pacific
    • 11.5.1. Introduction
    • 11.5.2. Key Region-Specific Dynamics
    • 11.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 11.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 11.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 11.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 11.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    • 11.5.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 11.5.8.1. China
      • 11.5.8.2. India
      • 11.5.8.3. Japan
      • 11.5.8.4. Australia
      • 11.5.8.5. Rest of Asia Pacific
  • 11.6. Middle East and Africa
    • 11.6.1. Introduction
    • 11.6.2. Key Region-Specific Dynamics
    • 11.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Fuel Type
    • 11.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Power Range
    • 11.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Engine
    • 11.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 11.6.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

12. Global Marine Engines Market Competitive Landscape

  • 12.1. Competitive Scenario
  • 12.2. Market Positioning/Share Analysis
  • 12.3. Mergers and Acquisitions Analysis

13. Global Marine Engines Market Company Profiles

  • 13.1. Mitsubishi Heavy Industries*
    • 13.1.1. Company Overview
    • 13.1.2. Product Portfolio and Description
    • 13.1.3. Key Highlights
    • 13.1.4. Financial Overview
  • 13.2. Wartsila
  • 13.3. Rolls-Royce
  • 13.4. John Deere
  • 13.5. GE Transportation
  • 13.6. Man SE
  • 13.7. Hyundai Heavy Industries
  • 13.8. Caterpillar
  • 13.9. Volvo Group
  • 13.10. Deutz AG

"List not exhaustive"

14. Global Marine Engines Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us
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