Global Marine Propulsion Engine Market 2023-2027

Description

List of Tables

Technavio has been monitoring the marine propulsion engine market and is forecast to grow by USD 1536.38 mn during 2022-2027, accelerating at a CAGR of 3.99% during the forecast period. Our report on the marine propulsion engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in maritime trade and fleet size, growth in demand for naval vessels in defense, and growing use of LNG as a marine fuel.

Technavio's marine propulsion engine market is segmented as below:

By Application

Passenger
Commercial
Defense

By Type

Diesel
Gas

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the prospective incorporation of intelligent propulsion systems as one of the prime reasons driving the marine propulsion engine market growth during the next few years. Also, the technology focus shifting toward development of dual-fuel engines and the adoption of additive manufacturing technique for manufacturing marine vessel components will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the marine propulsion engine market covers the following areas:

Marine propulsion engine market sizing
Marine propulsion engine market forecast
Marine propulsion engine market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine propulsion engine market vendors that include AB Volvo, ABB Ltd., BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., General Electric Co., Hyundai Heavy Industries Co. Ltd., IHI Corp., Kawasaki Heavy Industries Ltd., Kongsberg Gruppen ASA, Leonardo DRS Inc., Mitsubishi Heavy Industries Ltd., Porsche Automobil Holding SE, Rolls Royce Holdings Plc, Shandong Heavy Industry Group Co. Ltd., Steyr Motors Betriebs GmbH, Wartsila Corp., and Yanmar Holdings Co. Ltd. Also, the marine propulsion engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR44856

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global marine propulsion engine market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global marine propulsion engine market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger - Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Passenger - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Passenger - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger - Year-over-year growth 2022-2027 (%)
6.4 Commercial - Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.5 Defense - Market size and forecast 2022-2027
Exhibit 42: Chart on Defense - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Defense - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Defense - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Defense - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ million)
Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 48: Chart on Type - Market share 2022-2027 (%)
Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 50: Chart on Comparison by Type
Exhibit 51: Data Table on Comparison by Type
7.3 Diesel - Market size and forecast 2022-2027
Exhibit 52: Chart on Diesel - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Diesel - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Diesel - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Diesel - Year-over-year growth 2022-2027 (%)
7.4 Gas - Market size and forecast 2022-2027
Exhibit 56: Chart on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Gas - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Gas - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Gas - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 60: Market opportunity by Type ($ million)
Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 South Korea - Market size and forecast 2022-2027
Exhibit 91: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 US - Market size and forecast 2022-2027
Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 AB Volvo
Exhibit 115: AB Volvo - Overview
Exhibit 116: AB Volvo - Business segments
Exhibit 117: AB Volvo - Key news
Exhibit 118: AB Volvo - Key offerings
Exhibit 119: AB Volvo - Segment focus
12.4 ABB Ltd.
Exhibit 120: ABB Ltd. - Overview
Exhibit 121: ABB Ltd. - Business segments
Exhibit 122: ABB Ltd. - Key offerings
Exhibit 123: ABB Ltd. - Segment focus
12.5 BAE Systems Plc
Exhibit 124: BAE Systems Plc - Overview
Exhibit 125: BAE Systems Plc - Business segments
Exhibit 126: BAE Systems Plc - Key offerings
Exhibit 127: BAE Systems Plc - Segment focus
12.6 Beta Marine Ltd.
Exhibit 128: Beta Marine Ltd. - Overview
Exhibit 129: Beta Marine Ltd. - Product / Service
Exhibit 130: Beta Marine Ltd. - Key offerings
12.7 Caterpillar Inc.
Exhibit 131: Caterpillar Inc. - Overview
Exhibit 132: Caterpillar Inc. - Business segments
Exhibit 133: Caterpillar Inc. - Key offerings
Exhibit 134: Caterpillar Inc. - Segment focus
12.8 Cummins Inc.
Exhibit 135: Cummins Inc. - Overview
Exhibit 136: Cummins Inc. - Business segments
Exhibit 137: Cummins Inc. - Key offerings
Exhibit 138: Cummins Inc. - Segment focus
12.9 Daihatsu Diesel Mfg. Co. Ltd.
Exhibit 139: Daihatsu Diesel Mfg. Co. Ltd. - Overview
Exhibit 140: Daihatsu Diesel Mfg. Co. Ltd. - Business segments
Exhibit 141: Daihatsu Diesel Mfg. Co. Ltd. - Key offerings
Exhibit 142: Daihatsu Diesel Mfg. Co. Ltd. - Segment focus
12.10 General Electric Co.
Exhibit 143: General Electric Co. - Overview
Exhibit 144: General Electric Co. - Business segments
Exhibit 145: General Electric Co. - Key news
Exhibit 146: General Electric Co. - Key offerings
Exhibit 147: General Electric Co. - Segment focus
12.11 IHI Corp.
Exhibit 148: IHI Corp. - Overview
Exhibit 149: IHI Corp. - Business segments
Exhibit 150: IHI Corp. - Key news
Exhibit 151: IHI Corp. - Key offerings
Exhibit 152: IHI Corp. - Segment focus
12.12 Kawasaki Heavy Industries Ltd.
Exhibit 153: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 154: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 155: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 156: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 157: Kawasaki Heavy Industries Ltd. - Segment focus
12.13 Kongsberg Gruppen ASA
Exhibit 158: Kongsberg Gruppen ASA - Overview
Exhibit 159: Kongsberg Gruppen ASA - Business segments
Exhibit 160: Kongsberg Gruppen ASA - Key news
Exhibit 161: Kongsberg Gruppen ASA - Key offerings
Exhibit 162: Kongsberg Gruppen ASA - Segment focus
12.14 Mitsubishi Heavy Industries Ltd.
Exhibit 163: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 164: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 165: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 166: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 167: Mitsubishi Heavy Industries Ltd. - Segment focus
12.15 Rolls Royce Holdings Plc
Exhibit 168: Rolls Royce Holdings Plc - Overview
Exhibit 169: Rolls Royce Holdings Plc - Business segments
Exhibit 170: Rolls Royce Holdings Plc - Key news
Exhibit 171: Rolls Royce Holdings Plc - Key offerings
Exhibit 172: Rolls Royce Holdings Plc - Segment focus
12.16 Wartsila Corp.
Exhibit 173: Wartsila Corp. - Overview
Exhibit 174: Wartsila Corp. - Business segments
Exhibit 175: Wartsila Corp. - Key offerings
Exhibit 176: Wartsila Corp. - Segment focus
12.17 Yanmar Holdings Co. Ltd.
Exhibit 177: Yanmar Holdings Co. Ltd. - Overview
Exhibit 178: Yanmar Holdings Co. Ltd. - Product / Service
Exhibit 179: Yanmar Holdings Co. Ltd. - Key news
Exhibit 180: Yanmar Holdings Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 181: Inclusions checklist
Exhibit 182: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 183: Currency conversion rates for US$
13.4 Research methodology
Exhibit 184: Research methodology
Exhibit 185: Validation techniques employed for market sizing
Exhibit 186: Information sources
13.5 List of abbreviations
Exhibit 187: List of abbreviations