Global Marine Propulsion Engines Market Growth 2023-2029

Global Marine Propulsion Engines Market Growth 2023-2029

Product Code:457294

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Machinery & Equipment

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Marine Propulsion Engines are used to generate thrust to move a ship or boat across water.

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

This Insight Report provides a comprehensive analysis of the global Marine Propulsion Engines 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 Propulsion Engines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Marine Propulsion Engines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Propulsion Engines 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 Propulsion Engines.

The global Marine Propulsion Engines market size is projected to grow from US$ 9776.6 million in 2022 to US$ 9565.6 million in 2029; it is expected to grow at a CAGR of 9565.6 from 2023 to 2029.

Global Marine Propulsion Engines key players include Wärtsilä, MAN Energy Solutions, Rolls Royce, Mitsubishi Heavy Industries, Caterpillar etc. Global top five manufacturers hold a share over 45%. 
Europe is the largest market, with a share over 20%, followed by Asia (Excluding China) and North America, both have a share over 40% percent. 
In terms of product, Diesel Engine is the largest segment, with a share over 60%. And in terms of application, the largest application is Working Vessel followed by Transport Vessel.

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

Market Segmentation:
Segmentation by type
    Diesel Engine
    Gas Turbine
    Natural Engine
    Hybrid Engine
    Fuel Cell

Segmentation by application
    Working Vessel
    Transport Vessel
    Military Vessel
    Pleasure Boats/Water Sports
    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.
    Wärtsilä
    MAN Energy Solutions
    Rolls Royce
    Mitsubishi Heavy Industries
    Caterpillar
    Daihatsu
    Yanmar
    Cummins
    GE
    Volvo Penta
    Fairbanks Morse Engine
    BAE Systems
    SCANIA
    Deere&Company
    Doosan
    STEYR MOTORS
    CSIC
    CSSC
    Weichai
    SDEC
    YUCHAI

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