Published: 2020-07-22   Views: 109
Author: Gaarti
Published in: Humanities

 

Marine Engines Market is estimated to surpass $ 11.04 Billion marks in 2018 and reach USD XX  Billion by 2026, at a Compound Annual Growth Rate (CAGR) of XX % during the forecast period 2018-2026 globally.

Marine Engines Market

 

Marine Engines Market is set to witness an appreciable growth subject to growing trade activities and positive outlook toward maritime industry. In 2016, a rise in container trade contributed over 23% of the global seaborne trade. According to a UNCTAD report, in 2016 world seaborne trade volumes expanded by 2.6% as compared to 1.8% in 2015. However, more than 80% of the seaborne trade majorly contributes to carbon emissions. Expanding tourism industry driven by improvement in the standard of living, a rise in disposable incomes, and demographic changes will stimulate the global marine engines market size. As per the World Travel & Tourism Council in 2016, maritime tourism was the highest revenue generating segment and accounted for 10.2% of the global GDP and generated USD 7.6 trillion.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

 

The marine propulsion engine market is expected to witness robust growth during the forecast period owing to various ongoing government investments in the shipbuilding industry and inland waterways. Ships are integrated with one or more than one propulsion engines, depending on their size (gross tonnage). Moreover, in the early stage of marine propulsion, steam turbines were used; however, due to advancement in technology, diesel or alternative fuel engine and gas turbine have greater penetration. Increase in production & sales of ships globally and rise in international seaborne trade drive the Marine Engines Market growth. In addition, an increase in demand for resources such as crude oil, coal, steel, and iron from developing countries fuels the Marine Engines Market growth.MGO Marine Engines Market had the highest market share in 2017. Ability to generate the lowest concentration of sulphur & particulates in the fuel is one of the distinguishing features boosting the product demand. The introduction of norms by the International Maritime Organization (IMO) under the MARPOL Annex VI will further encourage the adoption of low emission units.

 

The Asia Pacific, in 2017 accounted for over 60% of the Marine Engines Market. Presence of numerous manufacturers along with ongoing R&D ventures in product design will strengthen the industry outlook. An increasing maritime trade in South East Asia, primarily across China and Indonesia will further accelerate business growth.

 

Maximize Market Research has comprehensively analyzed Marine Engines Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Marine Engines Market into various segments such as Fuel, Power, Technology, Propulsion, Application, and Regions providing a thorough understanding of the Marine Engines Market. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Marine Engines Market.

 

The objective of the report is to present comprehensive Marine Engines Market  including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

 

The report also helps in understanding Marine Engines Market  North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Marine Engines Market  North America for Asia Pacific   size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Marine Engines Market  North America for Asia Pacific make the report investor’s guide.

 

The scope of the Report:

 

Marine Engines Market, By Fuel:

MDO

MGO

LNG

Hybrid

 

Marine Engines Market, By Power:

 

&lt 1

000 HP

1,000-5

000 HP

5,000-10

000 HP

10,000-20

000 HP

&gt 20

000 HP

 

Marine Engines Market, By Technology:

Low Speed

Medium Speed

High Speed

 

Marine Engines Market, By Propulsion:

2-Stroke

4-Stroke

 

Marine Engines Market, By Application:

Commercial

Offshore

Recreational

Navy

 

Marine Engines Market, By Geography:

North America

Europe

Asia Pacific

Middle East &amp

Africa and Latin America

Key Players:

 

GM Powertrain

Caterpillar, Inc.

Cummins Engines

Wartsila Corporation

Rolls Royce

 

Fore More Information Visit  https://www.maximizemarketresearch.com/market-report/marine-engines-market/11261/This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

 

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: sales@maximizemarketresearch.com

Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.

Contact: +919607195908     8989132284

 

 

 

                                 

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