Global Marine Engines Market Analysis 2021
The Global Marine Engines market is expected to reach $16.60 billion by 2027 growing at a CAGR of 5.0% during 2020 to 2027. Marine engines are used to provide power to marine vehicles like ships, submarines, and boats. They are the engines that are installed in marine vehicles. These engines consist of different components including crankshaft, liner, pistons, bedplate, and head. They are constructed with corrosion-inhibiting materials and their seals & bearings are specially designed for the sea operating environment.
Some of the factors such as the raise in maritime tourism, growth in shipbuilding activities, and increasing usage of environment-friendly LNG-fueled engines are driving the market. Though, strict environmental regulations coming into effect are hampering the market. The increasing command for dual-fuel engines is an opportunity for the marine engines market.
Based on vessel, the commercial vessel segment is anticipated to grow at a significant rate during the forecast period due to the rise in the international seaborne trade. The bulk carriers in commercial vessels are used to transport loose dry cargoes such as ore, grains, and cement.
The key vendors mentioned are General Electric Company, Mercury Marine Inc., Volvo Penta, Rolls-Royce Holdings PLC, Doosan Infracore, Hyundai Heavy Industries, General Motors, Man Diesel and Turbo, Kongsberg, Mitsubishi Heavy Industries, Chrysler, Caterpillar, Mahindra Powerol, Wartsila Corporation, Yanmar Holdings Co. Ltd, Cummins, Honda Motors Co. Ltd, Brunswick, Scania, John Deere, Daihatsudiesel, Dresser-Rand, and Deutz.
Fuels Covered:
• Intermediate Fuel Oil
• Liquefied Natural Gas (LNG)
• Marine Diesel Oil (MDO)
• Marine Gas Oil (MGO)
• Heavy Fuel Oil
Power Ranges Covered:
• Up to 1,000 HP
• 1,001–5,000 HP
• 5,001–10,000 HP
• 10,001–20,000 HP
• Above 20,000 HP
Types Covered:
• Outboard Engines
• Inboard Engines
Ship Types Covered:
• Cargo
• Ferries and Passenger ship
• Cruise
• Bulk Carriers
• General Cargo Ships
• Container Ships
• Gas Carriers
• Oil Tankers
• Chemical Tankers
• Support Vessel
Vessels Covered:
• Commercial Vessel
• Inland Water Ways
• Offshore Support Vessel
Uses Covered:
• Crew Vessel
• StandBy & Rescue Vessel
• Platform Supply Vessel
• Anchor Handling Tug and Supply Vessel
• Multi-Purpose Supply Vessel
Speeds Covered:
• Low Speed
• Medium Speed
• High Speed
Engines Covered:
• Propulsion Engine
• Auxiliary Engine
• Generator Drive Engines
• Diesel Electric Engine
Stroke Types Covered:
• Two-Stroke
• Four-Stroke
Engine Types Covered:
• Petrol
• Gasoline
• Hybrid
Applications Covered:
• Liquefied Natural Gas (LNG)/Liquefied Petroleum Gas (LPG) Carrier
• Navy
• Tanker
• Product Carrier
• Pure Car Carrier
• Recreational
• Reefer
• Special Carriers
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 4 Market Environment
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Marine Engines Market, By Fuel
- 5.1 Introduction
- 5.2 Intermediate Fuel Oil
- 5.3 Liquefied Natural Gas (LNG)
- 5.4 Marine Diesel Oil (MDO)
- 5.5 Marine Gas Oil (MGO)
- 5.6 Heavy Fuel Oil
- 6 Global Marine Engines Market, By Power Range
- 6.1 Introduction
- 6.2 Up to 1,000 HP
- 6.3 1,001–5,000 HP
- 6.4 5,001–10,000 HP
- 6.5 10,001–20,000 HP
- 6.6 Above 20,000 HP
- 7 Global Marine Engines Market, By Type
- 7.1 Introduction
- 7.2 Outboard Engines
- 7.3 Inboard Engines
- 8 Global Marine Engines Market, By Ship Type
- 8.1 Introduction
- 8.2 Cargo
- 8.3 Ferries and Passenger ship
- 8.4 Cruise
- 8.5 Bulk Carriers
- 8.6 General Cargo Ships
- 8.7 Container Ships
- 8.8 Gas Carriers
- 8.9 Oil Tankers
- 8.10 Chemical Tankers
- 8.11 Support Vessel
- 9 Global Marine Engines Market, By Vessel
- 9.1 Introduction
- 9.2 Commercial Vessel
- 9.3 Inland Water Ways
- 9.4 Offshore Support Vessel
- 10 Global Marine Engines Market, By Use
- 10.1 Introduction
- 10.2 Crew Vessel
- 10.3 StandBy & Rescue Vessel
- 10.4 Platform Supply Vessel
- 10.5 Anchor Handling Tug and Supply Vessel
- 10.6 Multi-Purpose Supply Vessel
- 11 Global Marine Engines Market, By Speed
- 11.1 Introduction
- 11.2 Low Speed
- 11.3 Medium Speed
- 11.4 High Speed
- 12 Global Marine Engines Market, By Engine
- 12.1 Introduction
- 12.2 Propulsion Engine
- 12.3 Auxiliary Engine
- 12.4 Generator Drive Engines
- 12.5 Diesel Electric Engine
- 13 Global Marine Engines Market, By Stroke Type
- 13.1 Introduction
- 13.2 Two-Stroke
- 13.3 Four-Stroke
- 14 Global Marine Engines Market, By Engine Type
- 14.1 Introduction
- 14.2 Petrol
- 14.3 Gasoline
- 14.4 Hybrid
- 15 Global Marine Engines Market, By Application
- 15.1 Introduction
- 15.2 Liquefied Natural Gas (LNG)/Liquefied Petroleum Gas (LPG) Carrier
- 15.3 Navy
- 15.4 Tanker
- 15.5 Product Carrier
- 15.6 Pure Car Carrier
- 15.7 Recreational
- 15.8 Reefer
- 15.9 Special Carriers
- 16 Global Marine Engines Market, By Geography
- 16.1 Introduction
- 16.2 North America
- 16.3 Europe
- 16.4 Asia Pacific
- 16.5 South America
- 16.6 Middle East & Africa
- 17 Strategic Benchmarking
- 18 Vendors Landscape
- 18.1 General Electric Company
- 18.2 Mercury Marine Inc.
- 18.3 Volvo Penta
- 18.4 Rolls-Royce Holdings PLC
- 18.5 Doosan Infracore
- 18.6 Hyundai Heavy Industries
- 18.7 General Motors
- 18.8 Man Diesel and Turbo
- 18.9 Kongsberg
- 18.10 Mitsubishi Heavy Industries
- 18.11 Chrysler
- 18.12 Caterpillar
- 18.13 Mahindra Powerol
- 18.14 Wartsila Corporation
- 18.15 Yanmar Holdings Co. Ltd
- 18.16 Cummins
- 18.17 Honda Motors Co. Ltd
- 18.18 Brunswick
- 18.19 Scania
- 18.20 John Deere
- 18.21 Daihatsudiesel
- 18.22 Dresser-Rand
- 18.23 Deutz
- List of Data Tables
- Table 1 Global Marine Engines Market Outlook, By Region (2019-2027) ($MN)
- Table 2 Global Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 3 Global Marine Engines Market Outlook, By Intermediate Fuel Oil (2019-2027) ($MN)
- Table 4 Global Marine Engines Market Outlook, By Liquefied Natural Gas (LNG) (2019-2027) ($MN)
- Table 5 Global Marine Engines Market Outlook, By Marine Diesel Oil (MDO) (2019-2027) ($MN)
- Table 6 Global Marine Engines Market Outlook, By Marine Gas Oil (MGO) (2019-2027) ($MN)
- Table 7 Global Marine Engines Market Outlook, By Heavy Fuel Oil (2019-2027) ($MN)
- Table 8 Global Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 9 Global Marine Engines Market Outlook, By Up to 1,000 HP (2019-2027) ($MN)
- Table 10 Global Marine Engines Market Outlook, By 1,001–5,000 HP (2019-2027) ($MN)
- Table 11 Global Marine Engines Market Outlook, By 5,001–10,000 HP (2019-2027) ($MN)
- Table 12 Global Marine Engines Market Outlook, By 10,001–20,000 HP (2019-2027) ($MN)
- Table 13 Global Marine Engines Market Outlook, By Above 20,000 HP (2019-2027) ($MN)
- Table 14 Global Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 15 Global Marine Engines Market Outlook, By Outboard Engines (2019-2027) ($MN)
- Table 16 Global Marine Engines Market Outlook, By Inboard Engines (2019-2027) ($MN)
- Table 17 Global Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 18 Global Marine Engines Market Outlook, By Cargo (2019-2027) ($MN)
- Table 19 Global Marine Engines Market Outlook, By Ferries and Passenger ship (2019-2027) ($MN)
- Table 20 Global Marine Engines Market Outlook, By Cruise (2019-2027) ($MN)
- Table 21 Global Marine Engines Market Outlook, By Bulk Carriers (2019-2027) ($MN)
- Table 22 Global Marine Engines Market Outlook, By General Cargo Ships (2019-2027) ($MN)
- Table 23 Global Marine Engines Market Outlook, By Container Ships (2019-2027) ($MN)
- Table 24 Global Marine Engines Market Outlook, By Gas Carriers (2019-2027) ($MN)
- Table 25 Global Marine Engines Market Outlook, By Oil Tankers (2019-2027) ($MN)
- Table 26 Global Marine Engines Market Outlook, By Chemical Tankers (2019-2027) ($MN)
- Table 27 Global Marine Engines Market Outlook, By Support Vessel (2019-2027) ($MN)
- Table 28 Global Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 29 Global Marine Engines Market Outlook, By Commercial Vessel (2019-2027) ($MN)
- Table 30 Global Marine Engines Market Outlook, By Inland Water Ways (2019-2027) ($MN)
- Table 31 Global Marine Engines Market Outlook, By Offshore Support Vessel (2019-2027) ($MN)
- Table 32 Global Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 33 Global Marine Engines Market Outlook, By Crew Vessel (2019-2027) ($MN)
- Table 34 Global Marine Engines Market Outlook, By StandBy & Rescue Vessel (2019-2027) ($MN)
- Table 35 Global Marine Engines Market Outlook, By Platform Supply Vessel (2019-2027) ($MN)
- Table 36 Global Marine Engines Market Outlook, By Anchor Handling Tug and Supply Vessel (2019-2027) ($MN)
- Table 37 Global Marine Engines Market Outlook, By Multi-Purpose Supply Vessel (2019-2027) ($MN)
- Table 38 Global Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 39 Global Marine Engines Market Outlook, By Low Speed (2019-2027) ($MN)
- Table 40 Global Marine Engines Market Outlook, By Medium Speed (2019-2027) ($MN)
- Table 41 Global Marine Engines Market Outlook, By High Speed (2019-2027) ($MN)
- Table 42 Global Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 43 Global Marine Engines Market Outlook, By Propulsion Engine (2019-2027) ($MN)
- Table 44 Global Marine Engines Market Outlook, By Auxiliary Engine (2019-2027) ($MN)
- Table 45 Global Marine Engines Market Outlook, By Generator Drive Engines (2019-2027) ($MN)
- Table 46 Global Marine Engines Market Outlook, By Diesel Electric Engine (2019-2027) ($MN)
- Table 47 Global Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 48 Global Marine Engines Market Outlook, By Two-Stroke (2019-2027) ($MN)
- Table 49 Global Marine Engines Market Outlook, By Four-Stroke (2019-2027) ($MN)
- Table 50 Global Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 51 Global Marine Engines Market Outlook, By Petrol (2019-2027) ($MN)
- Table 52 Global Marine Engines Market Outlook, By Gasoline (2019-2027) ($MN)
- Table 53 Global Marine Engines Market Outlook, By Hybrid (2019-2027) ($MN)
- Table 54 Global Marine Engines Market Outlook, By Application (2019-2027) ($MN)
- Table 55 Global Marine Engines Market Outlook, By Liquefied Natural Gas (LNG)/Liquefied Petroleum Gas (LPG) Carrier (2019-2027) ($MN)
- Table 56 Global Marine Engines Market Outlook, By Navy (2019-2027) ($MN)
- Table 57 Global Marine Engines Market Outlook, By Tanker (2019-2027) ($MN)
- Table 58 Global Marine Engines Market Outlook, By Product Carrier (2019-2027) ($MN)
- Table 59 Global Marine Engines Market Outlook, By Pure Car Carrier (2019-2027) ($MN)
- Table 60 Global Marine Engines Market Outlook, By Recreational (2019-2027) ($MN)
- Table 61 Global Marine Engines Market Outlook, By Reefer (2019-2027) ($MN)
- Table 62 Global Marine Engines Market Outlook, By Special Carriers (2019-2027) ($MN)
- Table 63 North America Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 64 North America Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 65 North America Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 66 North America Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 67 North America Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 68 North America Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 69 North America Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 70 North America Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 71 North America Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 72 North America Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 73 North America Marine Engines Market Outlook, By Application (2019-2027) ($MN)
- Table 74 Europe Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 75 Europe Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 76 Europe Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 77 Europe Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 78 Europe Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 79 Europe Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 80 Europe Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 81 Europe Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 82 Europe Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 83 Europe Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 84 Europe Marine Engines Market Outlook, By Application (2019-2027) ($MN)
- Table 85 Asia Pacific Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 86 Asia Pacific Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 87 Asia Pacific Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 88 Asia Pacific Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 89 Asia Pacific Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 90 Asia Pacific Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 91 Asia Pacific Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 92 Asia Pacific Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 93 Asia Pacific Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 94 Asia Pacific Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 95 Asia Pacific Marine Engines Market Outlook, By Application (2019-2027) ($MN)
- Table 96 South America Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 97 South America Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 98 South America Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 99 South America Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 100 South America Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 101 South America Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 102 South America Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 103 South America Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 104 South America Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 105 South America Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 106 South America Marine Engines Market Outlook, By Application (2019-2027) ($MN)
- Table 107 Middle East & Africa Marine Engines Market Outlook, By Fuel (2019-2027) ($MN)
- Table 108 Middle East & Africa Marine Engines Market Outlook, By Power Range (2019-2027) ($MN)
- Table 109 Middle East & Africa Marine Engines Market Outlook, By Type (2019-2027) ($MN)
- Table 110 Middle East & Africa Marine Engines Market Outlook, By Ship Type (2019-2027) ($MN)
- Table 111 Middle East & Africa Marine Engines Market Outlook, By Vessel (2019-2027) ($MN)
- Table 112 Middle East & Africa Marine Engines Market Outlook, By Use (2019-2027) ($MN)
- Table 113 Middle East & Africa Marine Engines Market Outlook, By Speed (2019-2027) ($MN)
- Table 114 Middle East & Africa Marine Engines Market Outlook, By Engine (2019-2027) ($MN)
- Table 115 Middle East & Africa Marine Engines Market Outlook, By Stroke Type (2019-2027) ($MN)
- Table 116 Middle East & Africa Marine Engines Market Outlook, By Engine Type (2019-2027) ($MN)
- Table 117 Middle East & Africa Marine Engines Market Outlook, By Application (2019-2027) ($MN)