Marine propulsion engine market size to grow by USD 1.34 billion

0

Market drivers and challenges

The report identifies the increase in maritime trade and fleet size as one of the major growth factors of the market. In addition, other factors including growing demand for warships and increasing use of LNG as marine fuel will further accelerate the market growth. However, challenges including MARPOL regulations, volatility in crude oil and natural gas prices, weak demand and oversupply of vessels will hamper market growth.

Subscribe to our “Lite Package” billed annually at 3000 USD to join a community, who are eligible to view 3 reports per month and download 3 reports per year.

Market segmentation

The marine propulsion engine market is segmented as follows:

  • By type
    o Diesel
    o Gas
  • By geography
    o APAC
    o Europe
    o North America
    MEA
    o South America

The diesel type segment dominated the market share in 2020 and will continue to maintain its dominance in the market. Geographically, 69% of growth will come from APAC. China, Japan, and South Korea will become the main income-generating economies in this region. This report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources through analysis of key parameters.

Market scope

The marine propulsion engine market covers the following areas:

Sizing of the marine propulsion engine market
Marine Propulsion Engine Market Forecast
Marine Propulsion Engine Market Analysis

Companies mentioned

  • AB Volvo
  • BAE Systems Plc
  • Beta Marine Ltd.
  • Caterpillar Inc.
  • Cummins Inc.
  • Societe Generale Électrique.
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc
  • Wartsila Corp.
  • Yanmar Holdings Co. Ltd.

Associated reports:
Marine Outboard Motors Market by Motor Power and Geography – Forecast and Analysis 2021-2025

Marine Engines Market by Type and Geography – Forecast and Analysis 2021-2025

Scope of the marine propulsion engine market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 3.87%

Market growth 2021-2025

$ 1.34 billion

Market structure

Fragmented

Annual growth (%)

2.85

Regional analysis

APAC, Europe, North America, MEA and South America

Efficient contribution to the market

APAC at 69%

Main consumer countries

China, South Korea (Republic of Korea), Japan, Germany and United States

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

AB Volvo, BAE Systems Plc, Beta Marine Ltd., Caterpillar Inc., Cummins Inc., General Electric Co., Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp. and Yanmar Holdings Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Related links

http://www.technavio.com/


Source link

Leave A Reply

Your email address will not be published.