Marine Propulsion Engines Market Size, Share & Trends Analysis Report By Fuel Type (Diesel, Heavy Fuel Oil, Natural Gas, Other Fuels), By Application, By Power Range, By Region, And Segment Forecasts, 2023

The global marine propulsion engines market size is expected to reach USD 22,218.5 million by 2030 registering a CAGR of 4.4%, according to a new study by Grand View Research, Inc. The increasing trends toward globalization and industrialization owing to the growth of international commerce are likely to increase the adoption of commercial ships to transport various items such as oil, natural gas, mineral ores, and consumer goods to meet global demand. The introduction of nuclear propulsion and the growing popularity of liquefied natural gas is contributing to the market development. Nuclear propulsion offers the advantage of very long intervals of operation before refueling, compared to oil- or coal-fueled ships.

In 2022, Asia Pacific accounted for the largest share of the global marine propulsion engines market. Asia Pacific's output of diesel propulsion has increased over the preceding five years, which is likely to continue to increase over the forecast period. Being dependable, efficient, and affordable primary propulsion and auxiliary power production technique, diesel-powered machinery has developed into the dominant mode of marine propulsion engines. Stringent environmental regulations and limitations of renewable energy sources have led North America to account for a limited market share in the global marine propulsion engines market.

Ongoing government investment in shipbuilding and inland waterways supports strong development in the marine propulsion engines sector. However, the strict environmental regulations and large capital investment needed to set up new industrial facilities are likely to challenge the growth of the market.

COVID-19 has severely affected the world economy and transportation industry by disrupting supply chains and adversely affecting demand. The pandemic caused a significant drop in marine traffic and related activity. It disrupted worldwide trade on an unprecedented scale, causing inefficiencies, delays, and supply chain disruptions. Marine engine production witnessed a slowdown during corona pandemic owing to a decline in shipbuilding activities and the shipyard's declarations of force majeure. The new shipbuilding activities were suspended, and the majority of orders were planned to be fulfilled post COVID-19 restrictions were removed. Additionally, limited access to entering the waterways owing to lockdown regulations imposed during COVID-19 led the ships to remain port stranded and the shipping companies had to bear additional costs to keep their ships in international waters. These factors affected the growth of the market in 2020.

Marine Propulsion Engines Market Report Highlights:

By fuel type, the diesel segment is leading the market, as diesel engines are more reliable for maritime trade, preferred by companies for sailing. Additionally, diesel fuel-based marine engines require less maintenance than other fuel-based engines.

Commercial application of marine propulsion engines gaining momentum as commercial ships have high- powered engines as they have to carry tons of loads and have lesser time to reach their destination.

The above 20,000 HP power range of engines is largely being used by naval ships and container/cargo ships for sailing fully loaded ships, as the engine becomes more reliable and has a longer lifespan.

Asia-Pacific is anticipated showcase rapid growth during the forecast period due to the augmented international trade and export from the region. India and China become major hubs of business in the region, which increased the pace of activity in the marine manufacturing sector.

Product Code: 978-1-68038-387-4

Chapter 1 Methodology And Scope

1.1 Market Segmentation & Scope
1.2 Information Procurement
- 1.2.1 Purchased Database
- 1.2.2 Gvr's Internal Database
- 1.2.3 Secondary Sources & Third-Party Perspective
- 1.2.4 Primary Research
1.3 Information Analysis
- 1.3.1 Data Analysis Models
1.4 Market Formulation And Data Visualization
1.5 Data Validation And Publishing

Chapter 2 Executive Summary

2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Landscape Snapshot

Chapter 3 Market Variables, Trends & Scope

3.1 Marine Propulsion Engines Market Size & Growth Prospects
3.2 Marine Propulsion Engines Market - Value Chain Analysis
3.3 Marine Propulsion Engines Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
3.4 Marine Propulsion Engines Market Penetration & Growth Prospects Mapping
3.5 Business Environment Analysis Tools
- 3.5.1 Pest Analysis
- 3.5.2 Porter's Five Forces Analysis
3.6 Key Company Analysis, 2021
3.7 Covid-19 Analysis: Marine Propulsion Engines

Chapter 4 Fuel Type Estimates And Trend Analysis

4.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030
4.2 Marine Propulsion Engines Market: Fuel Type Movement Analysis
- 4.2.1 Diesel
- 4.2.2 Heavy Fuel Oil
- 4.2.3 Natural Gas
- 4.2.4 Other Fuels

Chapter 5 Application Estimates And Trend Analysis

5.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030
5.2 Marine Propulsion Engines Market: Application Movement Analysis
- 5.2.1 Commercial
  - 5.2.1.1 General Cargo Ships
  - 5.2.1.2 Container Ships
  - 5.2.1.3 Bulk Carriers
  - 5.2.1.4 Tankers
  - 5.2.1.5 Others
- 5.2.2 Defense
  - 5.2.2.1 Destroyers
  - 5.2.2.2 Frigates
  - 5.2.2.3 Submarines
  - 5.2.2.4 Corvettes
  - 5.2.2.5 Aircraft Carriers
  - 5.2.2.6 Offshore Patrol Vessels
  - 5.2.2.7 Other Vessel Types
- 5.2.3 Passenger

Chapter 6 Power Range Estimates And Trend Analysis

6.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030
6.2 Marine Propulsion Engines Market Power Range Movement Analysis
- 6.2.1 0-1,000 Hp
- 6.2.2 1,001-5,000 Hp
- 6.2.3 5,001-10,000 Hp
- 6.2.4 10,001-20,000 Hp
- 6.2.5 Above 20,000 Hp

Chapter 7 Marine Propulsion Engines Market: Regional Outlook

7.1 Regional Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Million)
7.2 Regional Movement Analysis & Market Share, 2021 & 2030
7.3 North America
- 7.3.1 North America Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
- 7.3.2 North America Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
- 7.3.3 North America Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.3.4 U.S.
  - 7.3.4.1 U.S. Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.3.4.2 U.S. Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.3.4.3 U.S. Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.3.5 Canada
  - 7.3.5.1 Canada Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.3.5.2 Canada Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.3.5.3 Canada Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
7.4 Europe
- 7.4.1 Europe Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
- 7.4.2 Europe Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
- 7.4.3 Europe Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.4.4 Germany
  - 7.4.4.1 Germany Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.4.4.2 Germany Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.4.4.3 Germany Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.4.5 U.K.
  - 7.4.5.1 U.K. Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.4.5.2 U.K. Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.4.5.3 U.K. Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
7.5 Asia Pacific
- 7.5.1 Asia Pacific Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
- 7.5.2 Asia Pacific Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
- 7.5.3 Asia Pacific Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.5.4 China
  - 7.5.4.1 China Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.5.4.2 China Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.5.4.3 China Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.5.5 Japan
  - 7.5.5.1 Japan Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.5.5.2 Japan Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.5.5.3 Japan Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.5.6 India
  - 7.5.6.1 India Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.5.6.2 India Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.5.6.3 India Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
7.6 Latin America
- 7.6.1 Latin America Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
- 7.6.2 Latin America Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
- 7.6.3 Latin America Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
- 7.6.4 Brazil
  - 7.6.4.1 Brazil Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
  - 7.6.4.2 Brazil Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
  - 7.6.4.3 Brazil Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)
7.7 Mea
- 7.7.1 Mea Marine Propulsion Engines Market, By Fuel Type, 2018 - 2030 (USD Million)
- 7.7.2 Mea Marine Propulsion Engines Market, By Application, 2018 - 2030 (USD Million)
- 7.7.3 Mea Marine Propulsion Engines Market, By Power Range, 2018 - 2030 (USD Million)

Chapter 8 Company Profiles

8.1 Caterpillar
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product Benchmarking
- 8.1.4 Recent Developments
8.2 Hyundai Heavy Industreis Co. Ltd.
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product Benchmarking
- 8.2.4 Recent Developments
8.3 Mitsubishi Heavy Industries Ltd.
- 8.3.1 Company Overview
- 8.3.2 Financial Performance
- 8.3.3 Product Benchmarking
- 8.3.4 Recent Developments
8.4 Volvo Penta
- 8.4.1 Company Overview
- 8.4.2 Financial Performance
- 8.4.3 Product Benchmarking
- 8.4.4 Recent Developments
8.5 Daihatsu Diesel Mfg Co. Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Performance
- 8.5.3 Product Benchmarking
- 8.5.4 Recent Developments
8.6 General Electric Company
- 8.6.1 Company Overview
- 8.6.2 Financial Performance
- 8.6.3 Product Benchmarking
- 8.6.4 Recent Developments
8.7 Yanmar Holdings Co. Ltd.
- 8.7.1 Company Overview
- 8.7.2 Financial Performance
- 8.7.3 Product Benchmarking
- 8.7.4 Recent Developments
8.8 Ihi Power Systems Co. Ltd.
- 8.8.1 Company Overview
- 8.8.2 Financial Performance
- 8.8.3 Product Benchmarking
- 8.8.4 Recent Developments
8.9 Wartsila
- 8.9.1 Company Overview
- 8.9.2 Financial Performance
- 8.9.3 Product Benchmarking
- 8.9.4 Recent Developments
8.10 Rolls Royce Plc
- 8.10.1 Company Overview
- 8.10.2 Financial Performance
- 8.10.3 Product Benchmarking
- 8.10.4 Recent Developments
8.11 Volkswagen Group (Man Energy Solutions S.E.)
- 8.11.1 Company Overview
- 8.11.2 Financial Performance
- 8.11.3 Product Benchmarking
- 8.11.4 Recent Developments

Product Code: 978-1-68038-387-4

List of Tables

Table 1 Marine propulsion engine market estimates & forecasts, 2018 - 2030 (USD Billion)
Table 2 Marine propulsion engine market estimates and forecasts by region, 2018 - 2030 (USD Billion)
Table 3 Marine propulsion engine market estimates and forecasts by fuel type, 2018 - 2030 (USD Billion)
Table 4 Marine propulsion engine market estimates and forecasts by application, 2018 - 2030 (USD Billion)
Table 5 Marine propulsion engine market estimates and forecasts by power range, 2018 - 2030 (USD Billion)
Table 6 Marine propulsion engine market - Key market driver impact
Table 7 Global Marine propulsion engine market in diesel by region, 2018 - 2030 (USD Billion)
Table 8 Global Marine propulsion engine market in heavy fuel oil by region, 2018 - 2030 (USD Billion)
Table 9 Global Marine propulsion engine market in natural gas by region, 2018 - 2030 (USD Billion)
Table 10 Global Marine propulsion engine market in others by region, 2018 - 2030 (USD Billion)
Table 11 North America Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 12 North America Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 13 North America Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 14 U.S. Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 15 U.S. Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 16 U.S. Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 17 Canada Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 18 Canada Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 19 Canada Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 20 Europe Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 21 Europe Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 22 Europe Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 23 Germany Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 24 Germany Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 25 Germany Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 26 U.K. Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 27 U.K. Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 28 U.K. Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 29 Asia Pacific Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 30 Asia Pacific Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 31 Asia Pacific Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 32 China Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 33 China Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 34 China Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 35 India Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 36 India Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 37 India Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 38 Japan Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 39 Japan Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 40 Japan Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 41 Latin America Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 42 Latin America Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 43 Latin America Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 44 Brazil Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 45 Brazil Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 46 Brazil Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)
Table 47 MEA Marine propulsion engine market by fuel type, 2018 - 2030 (USD Billion)
Table 48 MEA Marine propulsion engine market by application, 2018 - 2030 (USD Billion)
Table 49 MEA Marine propulsion engine market by power range, 2018 - 2030 (USD Billion)

List of Figures

Fig. 1 Marine propulsion engines market segmentation
Fig. 2 Global marine propulsion engines market 2018 - 2030 (USD Million)
Fig. 3 Marine propulsion engines - Value Chain Analysis
Fig. 4 Marine propulsion engines - Market Dynamics
Fig. 5 Key opportunities prioritized
Fig. 6 Marine propulsion engines - Porter's Analysis
Fig. 7 Marine propulsion engines - PESTEL Analysis

Marine Propulsion Engines Market Size, Share & Trends Analysis Report By Fuel Type (Diesel, Heavy Fuel Oil, Natural Gas, Other Fuels), By Application, By Power Range, By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Marine Propulsion Engines Market Growth & Trends:

Marine Propulsion Engines Market Report Highlights:

Table of Contents

Chapter 1 Methodology And Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

Chapter 4 Fuel Type Estimates And Trend Analysis

Chapter 5 Application Estimates And Trend Analysis

Chapter 6 Power Range Estimates And Trend Analysis

Chapter 7 Marine Propulsion Engines Market: Regional Outlook

Chapter 8 Company Profiles

List of Tables

List of Figures