Global Marine Propulsion Engine Market 2019-2023

Global Marine Propulsion Engine Market 2019-2023

About Marine Propulsion Engine

Marine propulsion engines generate thrust for the vessel movement. The report considers marine propulsion engines, which are powered by diesel or gas as a fuel source. For deluded definition refer to market sizing section.

Technavio’s analysts forecast the global marine propulsion engine market will register revenue of close to USD 8 billion by 2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine propulsion engine market for 2019-2023. To calculate the market size, 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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Propulsion Engine Market 2019-2023, 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 vendor
    s
  • Caterpillar
  • Cummins
  • Kawasaki Heavy Industries
  • MITSUBUSHI HEAVY INDUSTRIES
  • Wärtsilä
  • YANMAR
Market driver
  • Bright prospects of the commercial shipping sector
  • For a full, detailed list, view our report
Market challenge
  • ARPOL regulations
  • For a full, detailed list, view our report
Market trend
  • Growth in demand for naval vessels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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 Propulsion Engine Market 2019-2023

Technavio recognizes the following companies as the key players in the global marine propulsion engine market: Caterpillar, Cummins, Kawasaki Heavy Industries, MITSUBUSHI HEAVY INDUSTRIES, Wärtsilä, and YANMAR.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in demand for naval vessels. Nowadays, many nations are re-thinking their defense posture based on uncertainties in APAC, the Middle East, and Russia. Therefore, defense globalization is an emerging trend that is encouraging several nations to concentrate on sea-based defense and maritime security, surrounding global trade and local economic resources.”

According to the report, one driver in the market is bright prospects of the commercial shipping sector. The global economy is now interlinked with world trade volumes. Global economies are expanding leading to an increase in international trade. Seaborne vessels play a significant role in international trade, as they aid in bulk commodity transportation. Container vessels are the most preferred marine vessels used for trading activities.

Further, the report states that one challenge in the market is ARPOL regulations. The increasing awareness about environmental pollution has led to ramifications on pollution in seas and oceans globally, with a significant focus on marine pollution caused by ships and other marine vessels. Marine propulsion engines use diesel as the major fuel source. Majority of the ships run on diesel engines globally. Such engines emit nitrous oxides, particulate matters, carbon oxides, hydrocarbons, and sulfur oxides that are not compliant with EPA's air quality standards.

Companies Mentioned

Caterpillar

Cummins

Kawasaki Heavy Industries

MITSUBISHI HEAVY INDUSTRIES

Wärtsilä

YANMAR

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global marine power systems market
      • Table Segments of global marine power systems market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Diesel - Market size and forecast 2018-2023
      • Table Diesel - Market size and forecast 2018-2023 ($ millions)
      • Table Diesel - Year-over-year growth 2019-2023 (%)
    • Gas - Market size and forecast 2018-2023
      • Table Gas - Market size and forecast 2018-2023 ($ millions)
      • Table Gas - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Caterpillar
      • Table Caterpillar - Vendor overview
      • Table Caterpillar - Business segments
      • Table Caterpillar - Organizational developments
      • Table Caterpillar - Segment focus
      • Table Caterpillar - Key offerings
    • Cummins
      • Table Cummins - Vendor overview
      • Table Cummins - Business segments
      • Table Cummins - Organizational developments
      • Table Cummins - Geographic focus
      • Table Cummins - Segment focus
      • Table Cummins - Key offerings
    • Kawasaki Heavy Industries
      • Table Kawasaki Heavy Industries - Vendor overview
      • Table Kawasaki Heavy Industries - Business segments
      • Table Kawasaki Heavy Industries - Organizational developments
      • Table Kawasaki Heavy Industries- Geographic focus
      • Table Kawasaki Heavy Industries - Segment focus
      • Table Kawasaki Heavy Industries - Key offerings
    • MITSUBISHI HEAVY INDUSTRIES
      • Table MITSUBISHI HEAVY INDUSTRIES - Vendor overview
      • Table MITSUBISHI HEAVY INDUSTRIES - Business segments
      • Table MITSUBISHI HEAVY INDUSTRIES - Organizational developments
      • Table MITSUBISHI HEAVY INDUSTRIES - Geographic focus
      • Table MITSUBISHI HEAVY INDUSTRIES - Segment focus
      • Table MITSUBISHI HEAVY INDUSTRIES - Key offerings
    • Wärtsilä
      • Table Wärtsilä - Vendor overview
      • Table Wärtsilä - Business segments
      • Table Wärtsilä - Organizational developments
      • Table Wartsila - Geographic focus
      • Table Wärtsilä - Segment focus
      • Table Wärtsilä - Key offerings
    • YANMAR
      • Table YANMAR - Vendor overview
      • Table YANMAR - Organizational developments
      • Table YANMAR - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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