Global Marine Engines Market Analysis & Trends - Industry Forecast to 2027
The Global Marine Engines Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2027. Some of the prominent trends that the market is witnessing include growing demand in smart engines for safety and awareness among consumers, increasing demand in international marine freight transport, and recent technological developments in marine engines.
Based on the type, market is segregated into four-stroke, two-stroke, and other types. By use, market is divided into standby & rescue vessel, crew vessel, and other uses. On the basis of ship type, market is classified into passenger ship and cargo. Depending on the engine, market is segmented into generator drive engines, propulsion engine, diesel electric engine, auxiliary engine, and other engines.
By power range, market is divided into Up to 1,000 HP, 1,001–5,000 HP, 5,001–10,000 HP, 10,001–20,000 HP, and Above 20,000 HP. On the basis of fuel, market is segregated into marine gas oil (MGO), intermediate fuel oil, gas turbine, liquefied natural gas (LNG), marine diesel oil (MDO), gasoline, heavy fuel oil, hybrid, and other fuels. Depending on the technology, market is segmented into high speed, medium speed, and low speed. Amongst application, market is divided into recreational, tanker, product carrier, reefer, inland waterways vessels, pure car carrier, special carriers, navy, commercial vessels, offshore vessels, and other applications.
Recreational is further classified into cruise ships, ferries, yachts, and other recreationals. Commercial Vessels are further is segmented into container vessels, roll on/roll off, bulk carriers, tankers, and other commercials. Offshore Vessels are further segregated into fast supply vessel (FSV), platform supply vessel (PSV), multi-purpose supply vessel (MPSV), anchor handling tug supply vessels (AHTS), and other offshores.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2027. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants, and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub-segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- South Africa
- The report provides a detailed analysis of current and future market trends to identify the investment opportunities
- Market forecasts till 2027, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2027
- Market opportunities and recommendations for new investments.
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