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Marine Propulsion Systems Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Nov 08, 2024
Length 207 Pages
SKU # GMI19463488

Description

Marine Propulsion Systems Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032


The global marine propulsion systems market, valued at USD 26.4 billion in 2023, is projected to grow at a CAGR of 3% between 2024 and 2032. These systems are essential for driving marine vessels through water, generating thrust via engines, propulsion units like propellers or water jets, transmission systems, and control mechanisms. They ensure efficient movement, effective maneuverability, and steady navigation for watercraft.

The market expansion is driven by global economic progress and increased maritime trade activities. Rising fleet sizes and growing demand for high-performance engines to handle heavy loads are enhancing market growth. Furthermore, the industry is focusing on fuel-efficient propulsion technologies to minimize operational costs and reduce environmental impact, which is bolstering its growth trajectory.

Low-speed marine propulsion systems are expected to see a growth rate of 3.3% by 2032. Their popularity stems from their cost-effective fuel usage and suitability for long-distance trade. These systems are increasingly used in various vessel types, contributing to their growing demand.

Wind and solar-powered propulsion systems are forecasted to surpass USD 1.8 billion in revenue by 2032. A heightened focus on environmental sustainability and adherence to regulatory norms is encouraging the adoption of these systems. Innovations in propulsion technology and the expansion of emission-controlled areas are further accelerating market adoption.

In 2022, the 1,000-5,000 HP marine propulsion systems segment accounted for over 35% of the industry’s revenue. This segment is gaining traction due to its versatility and compatibility with various ship types, including bulk carriers and cargo vessels.

The market for 2-stroke propulsion systems is anticipated to gain momentum through 2032, driven by their ability to deliver high power at low rotational speeds and their efficient use of inexpensive fuels. These systems offer advantages like durability, reduced maintenance needs, and efficient load management, enhancing their appeal in the market.

The cruise and ferry segment is set to experience robust growth due to rising disposable incomes and the growing appeal of maritime tourism. Innovations in propulsion units with enhanced emission control features are further supporting market expansion.

Europe emerged as a leading market in 2022, driven by growing demand for reliable and efficient marine engines. The region's emphasis on advanced propulsion systems, supported by a stable economic environment and thriving seaborne trade, is fueling market growth.

Table of Contents

207 Pages
Chapter 1 Methodology
1.1 Industry coverage
1.2 Market scope and definitions
1.3 Research design
1.4 Market size estimates and calculations
1.4.1 Approach 1: Data mining approach
1.4.2 Approach 2: Parent market analysis
1.5 Key trends for market estimates
1.6 Forecast model
1.7 Primary research & validation
1.7.1 Primary sources
1.7.2 Data mining sources
1.7.2.1 Paid sources
1.7.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry landscape, 2021 - 2032 (USD Bn)
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Use trends
2.1.5 Dosage form trends
2.1.6 Distribution channel trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.2 Rising trends of herbal and natural supplements
3.2.1.3 Rising health awareness
3.2.2 Industry pitfalls
3.2.2.1 Lack of standardization and quality control
3.3 Growth potential analysis
3.3.1 By product
3.3.3 By dosage form
3.3.4 By distribution channel
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.5 Pricing analysis
3.6 Future market trends
3.7 Porter's analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.1.1 Nestle S.A.
4.1.2 NOW Foods
4.1.3 Metagenics Pvt. Ltd.
4.2 Competitive analysis of major market players
4.3 Company matrix analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Liver Health Supplements Market, By Product
5.1 Vitamins
5.2 Minerals
5.3 Herbal supplements
5.4 Other products
Chapter 6 Liver Health Supplements Market, By Use
6.1 Human
6.2 Veterinary
Chapter 7 Liver Health Supplements Market, By Dosage Form
7.1 Capsule
7.2 Tablets
7.3 Liquids
7.4 Other dosage forms
Chapter 8 Liver Health Supplements Market, By Distribution Channel
8.1 Hypermarkets
8.2 E-commerce
8.3 Drug stores and retail pharmacies
8.4 Other distribution channels
Chapter 9 Liver Health Supplements Market, By Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
Chapter 10 Company Profiles
10.1 AdvaCare Pharma
10.1.1 Global overview
10.1.2 Business overview
10.1.3 Financial data
10.1.4 Product landscape
10.1.5 SWOT analysis
10.2 Carbamide Forte
10.2.1 Global overview
10.2.2 Business overview
10.2.3 Financial data
10.2.4 Product landscape
10.2.5 SWOT analysis
10.3 Dabur
10.3.1 Global overview
10.3.2 Business overview
10.3.3 Financial data
10.3.3.1 Annual sales revenue, 2021 - 2024 (USD Million)
10.3.4 Product landscape
10.3.5 SWOT analysis
10.4 Gaia Herbs
10.4.1 Global overview
10.4.2 Business overview
10.4.3 Financial data
10.4.4 Product landscape
10.4.5 SWOT analysis
10.5 Himalaya Wellness Company
10.5.1 Global overview
10.5.2 Business overview
10.5.3 Financial data
10.5.4 Product landscape
10.5.5 SWOT analysis
10.6 HealthForce SuperFoods, Inc.
10.6.1 Global overview
10.6.2 Business overview
10.6.3 Financial data
10.6.4 Product landscape
10.6.5 SWOT analysis
10.7 Inlife Pharma Pvt. Ltd.
10.7.1 Global overview
10.7.2 Business overview
10.7.3 Financial data
10.7.4 Product landscape
10.7.5 SWOT analysis
10.8 Irwin Naturals
10.8.1 Global overview
10.8.2 Business overview
10.8.3 Financial data
10.8.3.1 Annual sales revenue, 2021 - 2023 (USD Million)
10.8.4 Product landscape
10.8.5 SWOT analysis
10.9 Jarrow Formula, Inc.
10.9.1 Global overview
10.9.2 Business overview
10.9.3 Financial data
10.9.4 Product landscape
10.9.5 SWOT analysis
10.10 Life Extension
10.10.1 Global overview
10.10.2 Business overview
10.10.3 Financial data
10.10.4 Product landscape
10.10.5 Strategic outlook
10.10.6 SWOT analysis
10.11 Metagenics Pvt. Ltd.
10.11.1 Global overview
10.11.2 Business overview
10.11.3 Financial data
10.11.4 Product landscape
10.11.5 Strategic outlook
10.11.6 SWOT analysis
10.12 Nature's Way
10.12.1 Global overview
10.12.2 Business overview
10.12.3 Financial data
10.12.4 Product landscape
10.12.5 SWOT analysis
10.13 Nestle S.A.
10.13.1 Global overview
10.13.2 Business overview
10.13.3 Financial data
10.13.3.1 Annual sales revenue, 2020 - 2023 (USD Million)
10.13.4 Product landscape
10.13.5 SWOT analysis
10.14 NOW Foods
10.14.1 Global overview
10.14.2 Business overview
10.14.3 Financial data
10.14.4 Product landscape
10.14.5 SWOT analysis
10.15 Nutralife Health Products Inc.
10.15.1 Global overview
10.15.2 Business overview
10.15.3 Financial data
10.15.4 Product landscape
10.15.5 SWOT analysis
10.16 Solaray
10.16.1 Global overview
10.16.2 Business overview
10.16.3 Financial data
10.16.4 Product landscape
10.16.5 SWOT analysis
10.17 Swisse
10.17.1 Global overview
10.17.2 Business overview
10.17.3 Financial data
10.17.4 Product landscape
10.17.5 SWOT analysis
10.18 Vital Nutrients
10.18.1 Global overview
10.18.2 Business overview
10.18.3 Financial data
10.18.4 Product landscape
10.18.5 SWOT analysis

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