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Global Marine Engines Market 2017-2021

Global Marine Engines Market 2017-2021

About Marine Engines

Marine engines are used for propelling boats. They are categorized into two parts: Marine outboard engines, and Marine inboard engines. Outboard engines are mostly used in small and mid-sized boats. There are several benefits of outboard engines such as low maintenance cost, affordability, environmental compatibility, and high engine performance. Marine inboard engines are mainly present in yachts and few of the powerboats. Yachts are generally equipped with multiple inboard engines, since they require more power and torque.

Technavio’s analysts forecast the global marine engines market to grow at a CAGR of 4.20% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine engines market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Europe
  • US
  • ROW
Technavio's report, Global Marine Engines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Caterpillar
  • Cummins
  • Volvo Penta
  • Mercury Marine
Other prominent vendors
  • Suzuki
  • Yamaha
  • MAN Diesel & Turbo
  • Honda
Market driver
  • Increasing sales of boats
  • For a full, detailed list, view our report
Market challenge
  • Rise in compliance cost due to stringent emission norms
  • For a full, detailed list, view our report
Market trend
  • Increase in popularity of pontoon boats
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Engines Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine engines market: Caterpillar, Cummins, Volvo Penta, and Mercury Marine.

Other Prominent Vendors in the market are: Suzuki, Yamaha, MAN Diesel & Turbo, and Honda.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in popularity of pontoon boats. Increase in popularity of pontoon boats is driven by their versatility, value, capacity, aging boating demographics, handling improvements, and superior performance. Pontoon boats have witnessed a demographic shift too.”

According to the report, one driver in the market is increasing sales of boats. The sales of boats witnessed a robust increase across all regions. The US boating industry had witnessed the strongest sales in 2016, since the last decade. In the US, wakeboard/ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts consisted most of the sales in the US. One of the main drivers for the same is the increase in the number of boat shows in the US and increasing number of American participants in water-related recreational activities.

Further, the report states that one challenge in the market is rise in compliance cost due to stringent emission norms. Stringent regulations are being adopted by regulatory bodies across the world. To comply with these regulations, OEMs are adopting newer technologies to keep emissions under control. This has led to the rise in compliance cost for OEMs thus, impacting their profitability. Compliance cost is borne by individual buyers as well as by the OEMs. Compliance costs, to meet emission standards, can be sunk costs if it is limited to re-certification costs and other related testing and calibration.

Companies Mentioned

Caterpillar, Cummins, Volvo Penta, Mercury Marine, Suzuki, Yamaha, MAN Diesel & Turbo, and Honda.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global marine inboard engines market by application 2016
    • Applications of marine engines
      • Table Different applications of marine engines
    • Market dynamics: Global marine engines market
  • Market landscape
    • Market overview
      • Table Segmentation of global marine engines market
    • Market size and forecast
      • Table Global marine engines market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by engine type
    • Overview: Global marine engines market by type
      • Table Global marine engines market by type 2016 and 2021
    • Global marine outboard engines market
      • Table Global marine outboard engines market 2016-2021 (thousands of units)
      • Table Global marine outboard engines by engine power 2016
      • Table Global marine outboard engines market by geography 2016-2021 (thousands ofunits)
    • Global marine inboard engines market
      • Table Global marine inboard engines market 2016-2021 (thousands of units)
      • Table Global marine inboard engines market by geography 2016-2021 (thousands ofunits)
  • Geographical segmentation
    • Overview: Global marine engines market by geography
      • Table Global marine engines market by geography 2016 and 2021
    • Marine engines market in US
      • Table Global marine engines market in US 2016-2021 (thousands of units)
      • Table Market share of marine engines in US 2016
    • Marine engines market in Europe
      • Table Global marine engines market in Europe 2016-2021 (thousands of units)
      • Table Market share of marine engines in Europe 2016
    • Marine engines market in ROW
      • Table Global marine engines market in ROW 2016-2021 (thousands of units)
      • Table Market share of marine engines in ROW 2016
  • Key leading countries
    • Overview: Key leading countries in global marine engines market
      • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Revenue earned from sales of boats, marine engines, and accessories in US 2016-2021 ($ billions)
    • Market challenges
  • Market trends
    • Increase in popularity of pontoon boats
    • Growing demand for 27-100 HP power output marine outboard engines
    • Adoption of turbocharger in diesel marine engines
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Caterpillar
      • Table Caterpillar: Marine engines product portfolio
      • Table Caterpillar: Recent developments
    • Cummins
      • Table Cummins: Marine engines product portfolio
      • Table Cummins: Recent developments
    • Volvo Penta
      • Table Volvo Penta: Inboard engines product portfolio
      • Table Volvo Penta: Recent developments
    • Mercury Marine
      • Table Marine: Outboard engines product portfolio
      • Table Mercury Marine: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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