Global Marine Internal Combustion Engine Market Growth 2023-2029

Global Marine Internal Combustion Engine Market Growth 2023-2029

Product Code:454120

Published Date: Feb 08,2023

Pages: 115

Region: Global

Category: Machinery & Equipment

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Marine internal combustion engine is a kind of device applied in marine propulsion system. It supplies power to the marine ships. The marine internal combustion engine is quite vast compared with the engines used in automobiles. It is made up of several components such as the block, crankshaft, bedplate, pistons, cylinder head and valves. Generally, marine internal combustion engine take heavy oil and diesel as fuel.   To meet the need of power of marine ship, the marine internal combustion engines generally have a large horsepower. In this report, the statistical data we provide doesn’t include the engines used in small boats and recreational ships.

LPI (LP Information)' newest research report, the “Marine Internal Combustion Engine Industry Forecast” looks at past sales and reviews total world Marine Internal Combustion Engine sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Internal Combustion Engine sales for 2023 through 2029. With Marine Internal Combustion Engine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Internal Combustion Engine industry.

This Insight Report provides a comprehensive analysis of the global Marine Internal Combustion Engine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine Internal Combustion Engine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Marine Internal Combustion Engine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Internal Combustion Engine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Internal Combustion Engine.

The global Marine Internal Combustion Engine market size is projected to grow from US$ 6654.1 million in 2022 to US$ 8541 million in 2029; it is expected to grow at a CAGR of 8541 from 2023 to 2029.

Global Marine Internal Combustion Engine key players include Mitsui、Caterpillar、CSIC、CSSC、Yanmar, etc. Global top five manufacturers hold a share about 55%.

Japan is the largest market, with a share over 30%, followed by China and South Korea, both have a share over 50%. 
In terms of product, Low-speed Engine is the largest segment, with a share about 65%. And in terms of application, the largest application is Container Ship, followed by Bulk Freighter, Tanker, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Internal Combustion Engine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Low-Speed Engine
    Medium-Speed Engine
    High-Speed Engine

Segmentation by application
    Container Ship
    Bulk Freighter
    Tanker
    Cruise
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Mitsui
    Caterpillar
    CSIC
    CSSC
    Yanmar
    DAIHATSU
    Mitsubishi
    Hyundai
    STX Engine
    Weichai
    Hitachi Zosen
    IHI Power
    Rolls-Royce (MTU)
    Doosan
    Kawasaki

Key Questions Addressed in this Report
What is the 10-year outlook for the global Marine Internal Combustion Engine market?
What factors are driving Marine Internal Combustion Engine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Marine Internal Combustion Engine market opportunities vary by end market size?
How does Marine Internal Combustion Engine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?