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, volatile 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
o MEA
o South America
The diesel type segment dominated the market share in 2020 and will continue to maintain its dominance in the market. In terms of geography, 69% of the 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 the 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
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Related links
http://www.technavio.com/
