Marine Auxiliary Engine Market Size- By Engine Type, By Ship Type, By Fuel Type, By Stroke, By Power Range, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Marine Auxiliary Engine Market Overview

According to SPER Market Research, the Global Marine Auxiliary Engine Market is estimated to reach USD 3.10 billion by 2032 with a CAGR of 4.15%.

Marine engines transform the heat produced by the combustion of fuel into mechanical energy, which is required for the correct operation of maritime boats. Ships often employ marine engines for power generation and propulsion. It is critical when building ships to select an effective marine propulsion system; hence, marine engines are made and designed with accuracy. Marine engines are made up of a crankshaft, a liner, pistons, a bedplate, and a head. These components are made of corrosion-resistant materials, and their seals and bearings are particularly intended for use in saltwater conditions.

The advantages of marine auxiliary engines include operating flexibility and great efficiency when giving electricity to vessels. These engines are also effective in terms of speed, weight, and dependability in adverse weather situations. Due to considerable research and development operations to produce environmentally friendly solutions for auxiliary engines, shipbuilding spending have increased. the strategic importance of designing and maintaining sturdy ships with the newest technology, contributing to the growth of the marine auxiliary engine market.

Impact of COVID-19 on the Global Marine Auxiliary Engine Market

The pandemic's worldwide health and economic catastrophe has altered the marine transport and trade environment and has had a substantial impact on growth prospects. A double supply and demand shock severely disrupted the global economy as a result of supply chain disruptions, demand contractions, and global economic uncertainty created by the epidemic. Furthermore, due to the spread of COVID-19, some engine equipment manufacturers have ceased production. The result was a minor decrease in sales and a difficult position with controlling the cash flow of Marine Auxiliary Engine market participants. Additionally, manufacturers of industrial machinery faced difficulties obtaining raw materials because the majority of the sector is dependent on shipping, which was hampered by national constraints.

Scope of the Report

Report Metric Details:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Engine Type, By Ship Type, By Fuel Type, By Stroke, By Power Range, By Application.

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered AGCO POWER INC, Caterpillar Inc, Cummins Inc, DEUTZ AG, Hyundai Heavy Industries Co., Ltd, JOHN DEERE, KIRLOSKAR OIL ENGINES LTD, MAN Energy Solutions, Mercury Marine, Mitsubishi Heavy Industries Ltd, Rolls Royce plc, STX ENGINE, Volvo Penta, Yanmar Holdings Co., Ltd

Global Marine Auxiliary Engine Market Segmentation:

By Engine Type: Based on the Engine Type, Global Marine Auxiliary Engine Market segmented as; Diesel Engine, Gas Turbine, Natural Engine, Propulsion Engine, Auxiliary Engine, Other Engine Type.

By Ship Type: Based on the Ship Type, Global Marine Auxiliary Engine Market segmented as; Bulk Carriers, Chemical Tankers, Container Ship, Ferriers And Passenger Ships, Gas Carriers, General Cargo Ships, Oil Tankers, Support Vessel, Others.

By Fuel Type: Based on the Fuel Type, Global Marine Auxiliary Engine Market segmented as; Heavy Fuel Oil, Intermediate Fuel Oil, LNG, Marine Diesel Oil, Marine Gas Oil, Others.

By Power Range: Based on the Power Range, Global Marine Auxiliary Engine Market segmented as; Up to 1000Hp, 1001-5000Hp, 5001-10000Hp, 10001-20000Hp, Above 20000Hp.

By Application: Based on the Application, Global Marine Auxiliary Engine Market segmented as; Commercial Boats, Security Boats, Recreational Boats, Fishing Boats.

By Region: The Marine Engines market can be classified geographically as follows: North America, Asia Pacific, Europe, Middle East & Africa and Central & South America.

Product Code: MACH2310

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Marine Auxiliary Engine Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Marine Auxiliary Engine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Marine Auxiliary Engine Market

7. Global Marine Auxiliary Engine Market, By Engine Type, 2019-2032 (USD Million)

7.1 Diesel Engine
7.2 Gas Turbine
7.3 Natural Engine
7.4 Propulsion Engine
7.5 Auxiliary Engine
7.6 Other Engine Type

8. Global Marine Auxiliary Engine Market, By Ship Type, 2019-2032 (USD Million)

8.1 Bulk Carriers
8.2 Chemical Tankers
8.3 Container Ship
8.4 Ferriers And Passenger Ships
8.5 Gas Carriers
8.6 General Cargo Ships
8.7 Oil Tankers
8.8 Support Vessel
8.9 Others

9. Global Marine Auxiliary Engine Market, By Fuel Type, 2019-2032 (USD Million)

9.1 Heavy Fuel Oil
9.2 Intermediate Fuel Oil
9.3 LNG
9.4 Marine Diesel Oil
9.5 Marine Gas Oil
9.6 Others

10. Global Marine Auxiliary Engine Market, By Stroke, 2019-2032 (USD Million)

10.1 Four Stroke
10.2 Two Stroke

11. Global Marine Auxiliary Engine Market, By Power Range, 2019-2032 (USD Million)

11.1 Up to 1000Hp
11.2 1001-5000Hp
11.3 5001-10000Hp
11.4 10001-20000Hp
11.5 Above 20000Hp

12. Global Marine Auxiliary Engine Market, By Application, 2019-2032 (USD Million)

12.1 Commercial Boats
12.2 Security Boats
12.3 Recreational Boats
12.4 Fishing Boats

13. Global Marine Auxiliary Engine Market, By Region, 2019-2032 (USD Million)

13.1 Global Marine Auxiliary Engine Market Size and Market Share by Region (2019-2025)
13.2 Global Marine Auxiliary Engine Market Size and Market Share by Region (2026-2032)
13.3 Asia-Pacific
- 13.3.1 Australia
- 13.3.2 China
- 13.3.3 India
- 13.3.4 Japan
- 13.3.5 South Korea
- 13.3.6 Rest of Asia-Pacific
13.4 Europe
- 13.4.1 France
- 13.4.2 Germany
- 13.4.3 Italy
- 13.4.4 Spain
- 13.4.5 United Kingdom
- 13.4.6 Rest of Europe
13.5 Middle East and Africa
- 13.5.1 Kingdom of Saudi Arabia
- 13.5.2 United Arab Emirates
- 13.5.3 Rest of Middle East & Africa
13.6 North America
- 13.6.1 Canada
- 13.6.2 Mexico
- 13.6.3 United States
13.7 Latin America
- 13.7.1 Argentina
- 13.7.2 Brazil
- 13.7.3 Rest of Latin America

14. Company Profiles

14.1 AGCO Power Inc
- 14.1.1 Company details
- 14.1.2 Financial outlook
- 14.1.3 Product summary
- 14.1.4 Recent developments
14.2 Caterpillar Inc.
- 14.2.1 Company details
- 14.2.2 Financial outlook
- 14.2.3 Product summary
- 14.2.4 Recent developments
14.3 Cummins Inc
- 14.3.1 Company details
- 14.3.2 Financial outlook
- 14.3.3 Product summary
- 14.3.4 Recent developments
14.4 DEUTZ AG
- 14.4.1 Company details
- 14.4.2 Financial outlook
- 14.4.3 Product summary
- 14.4.4 Recent developments
14.5 Hyundai Heavy Industries Co.Ltd
- 14.5.1 Company details
- 14.5.2 Financial outlook
- 14.5.3 Product summary
- 14.5.4 Recent developments
14.6 John Deere
- 14.6.1 Company details
- 14.6.2 Financial outlook
- 14.6.3 Product summary
- 14.6.4 Recent developments
14.7 Kirloskar Oil Engines Ltd
- 14.7.1 Company details
- 14.7.2 Financial outlook
- 14.7.3 Product summary
- 14.7.4 Recent developments
14.8 Man Energy Solution
- 14.8.1 Company details
- 14.8.2 Financial outlook
- 14.8.3 Product summary
- 14.8.4 Recent developments
14.9 Mercury Marine
- 14.9.1 Company details
- 14.9.2 Financial outlook
- 14.9.3 Product summary
- 14.9.4 Recent developments
14.10 Mitsubishi Heavy Industries Ltd
- 14.10.1 Company details
- 14.10.2 Financial outlook
- 14.10.3 Product summary
- 14.10.4 Recent developments
14.11 Rolls Royce plc
- 14.11.1 Company details
- 14.11.2 Financial outlook
- 14.11.3 Product summary
- 14.11.4 Recent developments
14.12 STX Engine
- 14.12.1 Company details
- 14.12.2 Financial outlook
- 14.12.3 Product summary
- 14.12.4 Recent developments
14.13 Volvo Penta
- 14.13.1 Company details
- 14.13.2 Financial outlook
- 14.13.3 Product summary
- 14.13.4 Recent developments
14.14 Yanmar Holdings Co.Ltd
- 14.14.1 Company details
- 14.14.2 Financial outlook
- 14.14.3 Product summary
- 14.14.4 Recent developments