Projeted Growth
Moderate

Growth Potential Meter

Marine Engine Market by Fuel Type (Intermediate fuel, Marine Diesel, Heavy Fuel, Marine gas oil, Bio-gas fuel) by Vessel Type (Commercial Vessels, Offshore Support Vessels, Inland Waterways Vessels) by Stroke Type ( 2-stroke, 4-stroke) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2018-2026

Number of pages: 128 | Report Code: PSMR- PSMR-00532 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD million

Forecast Value (2028)

USD million

CAGR (2022 to 2028)

%

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Marine Engine Market is expected to reach 17.5 billion by 2026 at CAGR of 4.12%. Marine engines are the machines used in the propulsion of watercraft. It creates the thrust which is used in the displacement of the ship. Marine engine forms the most integral and important part of the ships. Nowadays functionality of Marine engine is not only restricted to propulsion system but also to deliver safety standard to ecosystem and ship. Cost efficiency is also one the main concern hence deliverance of better cost efficiency has become important parameter in selection of Marine Engine.  


On the basis of fuel used for propulsion Marine engines are classified as Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil. Diesel engines contributes the highest share in the segment due to high efficiency, low cost and easy availability. The diesel engine uses the piston’s sweep of the cylinder from bdc position up to tdc position to compress the inducted air, raising its pressure and consequent heat to such an extent (1000ºC) that when fuel is injected it immediately ignites. Diesel engines need a high compression ratio compressed the air sufficient to reach the temperature for ignition. A 16:1 to 20:1 compression ratio, common to small high speed diesel engines means that the air has been compressed to one-sixteenth or one twentieth of its original volume. The wall of the cylinder needs to be heavy gauge to contain the pressure.  


Marine engines are available in 2 stroke and 4 stroke The four-stroke engine takes two complete revolutions of the crankshaft to complete the work cycle. The two-stroke does it in one complete revolution of the crankshaft. This means that a two-stroke engine has twice as many power operations as a four-stroke engine at the same speed, so it may produce more power and acceleration but at the expense of fuel efficiency and reliability.  


In growth scenario of market rise in Ship market, international trading , tourism and cost effective way of transportation are the important reason for the growth of Marine Engines Market. Asia- Pacific holds highest share in the market followed by North America and Europe. Technological advancement, growing infrastructure, high –demand and supply scenario and globalization of businesses are the main factors propelling fuel to growth of market. China and South Korea are among the top manufacturer of ships globally which leads to high demand of Marine Engines in Asia-Pacific regions. Africa and Middle east market are expected to contribute small share in overall market. South American Marine Engines Market is expected to grow at constant rate in forecasted period.  


Global Marine Engine Market Report
 


Marine Engine Market: Fuel Type

  • Intermediate fuel
  • Marine Diesel
  • Heavy Fuel
  • Marine gas oil
  • Bio-gas

Marine Engine Market: Vessel Type

  • Commercial Vessels
  • Offshore Support Vessels
  • Inland Waterways Vessels

Marine Engine Market: Stroke Type

  • 2- stroke
  • 4- stroke

Marine Engine Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Marine Engine Market:

  • Mercury Marine
  • Sumitomo Heavy Industries
  • Cummins Inc
  • Roll Royce limited
  • Hyundai Heavy Industries
  • GM Power Train
  • Caterpillar Corporate
  • Mitsubishi Heavy Industries
  • MAN Diesel & Turbo SE
  • Wartsila Corporation

Geographical analysis of Marine Engine Market:

  • North America
    • U.S.A
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Marine Engine Market Report delivers comprehensive analysis of :

  • Market Forecast for 2018-26
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current Market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Marine Engine Market was valued at around USD million in 2021 & estimated to reach USD by 2028.




Marine Engine Market is likely to grow at compounded annual growth rate (CAGR) of % between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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