South America Marine Engines Market By Type (Main Propulsion, & Auxiliary Engine), By Application (Commercial, Defense, etc), By Engine Power Rating (<750KW, 751-4000KW, 4001-8000KW, & >8000 KW), By Country, Competition Forecast & Opportunities, 2023
According to “South America Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023” marine engines market is forecast to grow at a CAGR of more than 6% by 2023. Factors such as growing demand for marine engines in both commercial and industrial sectors and growing seaborne trade activities is pushing demand for marine engines across South America. Moreover, rising merger & acquisition activities in South America marine engines market is further anticipated to positively influence the market in the coming years. Additionally, growing demand for vessels and oil tankers across South America would drive the demand for marine engines during the forecast period. Few of the major players operating in the South America marine engines market include Wärtsilä Corporation, MAN SE, Hyundai Heavy Industries, Rolls Royce Holdings Plc, Caterpillar Inc., General Electric, Cummins Inc., Mitsubishi Heavy Industries Marine Machinery & Equipment Co. Ltd., Volvo Penta, and Brunswick Corporation (Mercury Marine Inc). “South America Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023” discusses the following aspects of marine engines market in South America:
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