Global Marine Engines market accounted for $12.91 billion in 2017 and is expected to reach $18.55 billion by 2026 growing at a CAGR of 4.1% from 2017 to 2026.
Some of the factors such as increase in maritime tourism, growth in shipbuilding activities and rising usage of environment friendly LNG-fueled engines are favoring the market. However, strict environmental regulations coming into effect are hampering the market. Moreover, increasing demand for dual-fuel engines will provide ample opportunities for growth of the market.
Marine engines are used to provide power to marine vehicles like ships, submarines and boats. They are the engines which are installed in the marine vehicles. These engines consist of different components including crankshaft, liner, pistons, bedplate and head. They are constructed with corrosion inhibiting materials and their seals & bearings are especially designed for sea operating environment. Marine vehicles can be either commercial, defense or for personal use.
By Vessel, Commercial Vessel acquired significant share during forecast period due to rise in the international seaborne trade. The Bulk carriers in Commercial Vessels are used to transport loose dry cargoes such as ore, grains and cement. Based on Geography, Asia Pacific dominated the market growth due to increase in seaborne trade, rise in defense spending and flourishing shipbuilding industry.
What the report offers:
Market share assessments for the regional and country level segments
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Marine Engines Market, By Power Range 5.1 Introduction 5.2 Above 20,000 HP 5.3 10,001-20,000 HP 5.4 5,001-10,000 HP 5.5 1,001-5,000 HP 5.6 Up to 1,000 HP
6 Global Marine Engines Market, By Fuel 6.1 Introduction 6.2 Heavy Fuel Oil 6.3 Intermediate Fuel Oil 6.4 Marine Diesel Oil (MDO) 6.5 Gasoline 6.6 Gas Turbine 6.6 Marine Gas Oil (MGO) 6.8 Hybrid 6.9 Liquefied Natural Gas (LNG) 6.10 Other Fuels
7 Global Marine Engines Market, By Type 7.1 Introduction 7.2 Two-Stroke 7.3 Four-Stroke 7.4 Other Types
8 Global Marine Engines Market, By Ship Type 8.1 Introduction 8.2 Cargo 8.3 Passenger Ship
9 Global Marine Engines Market, By Engine 9.1 Introduction 9.2 Propulsion Engine 9.3 Auxiliary Engine 9.4 Generator Drive Engines 9.5 Diesel Electric Engine 9.6 Other Engines
10 Global Marine Engines Market, By Use 10.1 Introduction 10.2 Crew Vessel 10.3 StandBy & Rescue Vessel 10.4 Other Uses
11 Global Marine Engines Market, By Technology 11.1 Introduction 11.2 Low Speed 11.3 Medium Speed 11.4 High Speed
12 Global Marine Engines Market, By Application 12.1 Introduction 12.2 Commercial Vessels 12.2.1 Bulk Carriers 12.2.2 Tankers 12.2.3 Container Vessels 12.2.4 Roll On/Roll Off 12.2.5 Other Commercials 12.3 Offshore Vessels 12.3.1 Anchor Handling Tug Supply Vessels (AHTS) 12.3.2 Platform Supply Vessel ( PSV) 12.3.3 Multi-purpose Supply Vessel (MPSV) 12.3.4 Fast Supply Vessel (FSV) 12.3.5 Other Offshores 12.4 Recreational 12.4.1 Ferries 12.4.2 Cruise ships 12.4.3 Yachts 12.4.4 Other Recreationals 12.5 Navy 12.6 Inland Waterways Vessels 12.7 Tanker 12.8 Special Carriers 12.9 Pure Car Carrier 12.10 Product Carrier 12.11 Reefer 12.12 Other Applications
13 Global Marine Engines Market, By Geography 13.1 Introduction 13.2 North America 13.2.1 US 13.2.2 Canada 13.2.3 Mexico 13.3 Europe 13.3.1 Germany 13.3.2 UK 13.3.3 Italy 13.3.4 France 13.3.5 Spain 13.3.6 Rest of Europe 13.4 Asia Pacific 13.4.1 Japan 13.4.2 China 13.4.3 India 13.4.4 Australia 13.4.5 New Zealand 13.4.6 South Korea 13.4.7 Rest of Asia Pacific 13.5 South America 13.5.1 Argentina 13.5.2 Brazil 13.5.3 Chile 13.5.4 Rest of South America 13.6 Middle East & Africa 13.6.1 Saudi Arabia 13.6.2 UAE 13.6.3 Qatar 13.6.4 South Africa 13.6.5 Rest of Middle East & Africa
14 Key Developments 14.1 Agreements, Partnerships, Collaborations and Joint Ventures 14.2 Acquisitions & Mergers 14.3 New Product Launch 14.4 Expansions 14.5 Other Key Strategies
15 Company Profiling 15.1 Anglo Belgian Corporation 15.2 Dolphin Engines 15.3 Calcutt Boats Ltd 15.4 Caterpillar Marine Power Systems 15.5 Daihatsu Diesel Pro 15.6 Deutz Ag 15.7 GMT 15.8 IHI Corporation Ltd. 15.9 Jason Engineering As 15.10 Scania 15.11 SIA Rigas Dizelis DG 15.12 STX Engine 15.13 GE Transportation 15.14 Cummins Inc. 15.15 Rolls-Royce Power Systems AG
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Related Topics: Shipbuilding and Ship Parts
Source: GlobeNewswire
(July 26, 2019 - 6:45 AM EDT)