Summary

Marine Engine Market Size, Share, and Analysis, By Engine (Propulsion Engine and Auxiliary Engine), By Type (Two Stroke and Four Stroke), By Power Range (Up to 1000 HP, 1001-5000 HP, 5001-10000 HP, 10001-20000 HP, and Above 20000 HP), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, and Others), By Vessel (Bulk Carriers, General Cargo Ships, Container Ships, Ferries & Passenger Ships, Oil Tankers, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Marine Engine Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 12.2 billion and is projected to reach USD 17.1 billion by the completion of 2034.
Marine engines are specially designed powerplants which are made for watercraft such as ships, boats, and submarines. These engines can withstand the challenges of the marine environment, such as saltwater exposure, temperature variations, and constant vibrations. They typically run on gasoline or diesel and are available in a variety of designs, including inboard, outboard, and sterndrive. Inboard engines are located within the vessel and provide power directly to the driveshaft and propeller. Moreover, outboard engines are externally located on the transom and helps in improving maneuverability. Similarly, sterndrive engines combine the aspects of both inboard and outboard engines, with the engine housed inside the hull and the drive unit located outside. Furthermore, marine engines are essential for propulsion and allow boats to move for a variety of reasons such as transportation, fishing, recreation, and trade. Their design and durability are specifically crafted to face the severe circumstances of marine environment and assures reliable performance, along with safe sailing on waterways.

MARKET HIGHLIGHTS
Marine Engine Market is projected to reach USD 17.1 billion over the forecast period, owing to the increasing demand for maritime transportation, combined with expanding offshore energy exploration activities and a growing focus on marine propulsion solutions. Manufacturers are focusing on developing modern propulsion technologies to comply with strict emission regulations and improve fuel efficiency. There's a noticeable development towards adopting alternative fuels and hybrid propulsion systems to reduce environmental impact. Furthermore, major industry players are heavily investing in research and development to introduce innovative products that meet changing customer needs. Moreover, the industry is seeing the integration of digitization and smart technology, with remote monitoring and predictive maintenance solutions gaining popularity. Therefore, these trends indicate a bright future for the marine engines, with various opportunities for innovation across multiple categories.

Marine Engine Market Segments:

• By Engine
o Propulsion Engine
o Auxiliary Engine
• By Type
o Two Stroke
o Four Stroke
• By Power Range
o Up to 1000 HP
o 1001-5000 HP
o 5001-10000 HP
o 10001-20000 HP
o Above 20000 HP
• By Fuel
o Heavy Fuel Oil
o Intermediate Fuel Oil
o Others
• By Vessel
o Bulk Carriers
o General Cargo Ships
o Container Ships
o Ferries & Passenger Ships
o Oil Tankers
o Others


MARKET DYNAMICS
Growth Drivers
Rising Demand for Maritime Transportation will Generate Growth Opportunities
Technological Advancements and Innovation will Drive Market Expansion
Restraint
Environmental Regulations and Sustainability Concerns Could Limit the Industry's Growth

Key Players
• Caterpillar Inc.
• Rolls-Royce Holdings plc
• MAN Energy Solutions SE
• Wärtsilä Corporation
• Mitsubishi Heavy Industries, Ltd.
• Volvo Penta
• Cummins Inc.
• Yanmar Co., Ltd.
• Deutz AG
• Brunswick Corporation
• Scania AB
• Doosan Engine
• Hyundai Heavy Industries Co., Ltd.
• General Electric Company
• Kawasaki Heavy Industries, Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Marine Engine Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Marine Engine Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Marine Engine Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Marine Engine Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Marine Engine Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Engine
11.3.1.1. Propulsion Engine
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Auxiliary Engine
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Type
11.3.2.1.Two Stroke
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Four Stroke
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Power Range
11.3.3.1.Up to 1000 HP
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. 1001-5000 HP
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. 5001-10000 HP
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. 10001-20000 HP
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Above 20000 HP
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Fuel
11.3.4.1.Heavy Fuel Oil
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Intermediate Fuel Oil
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Others
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.By Vessel
11.3.5.1.Bulk Carriers
11.3.5.1.1. By Value (USD Million) 2024-2034F
11.3.5.1.2.Market Share (%) 2024-2034F
11.3.5.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.5.2. General Cargo Ships
11.3.5.2.1.By Value (USD Million) 2024-2034F
11.3.5.2.2. Market Share (%) 2024-2034F
11.3.5.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.3. Container Ships
11.3.5.3.1.By Value (USD Million) 2024-2034F
11.3.5.3.2. Market Share (%) 2024-2034F
11.3.5.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.4. Ferries & Passenger Ships
11.3.5.4.1.By Value (USD Million) 2024-2034F
11.3.5.4.2. Market Share (%) 2024-2034F
11.3.5.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.5. Oil Tankers
11.3.5.5.1.By Value (USD Million) 2024-2034F
11.3.5.5.2. Market Share (%) 2024-2034F
11.3.5.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.5.6. Others
11.3.5.6.1.By Value (USD Million) 2024-2034F
11.3.5.6.2. Market Share (%) 2024-2034F
11.3.5.6.3. Y-o-Y Growth (%) 2024-2034F
12.North America Marine Engine Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Engine
12.3.2. By Type
12.3.3. By Power Range
12.3.4. By Fuel
12.3.5. By Vessel
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Marine Engine Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Engine
13.3.2. By Type
13.3.3. By Power Range
13.3.4. By Fuel
13.3.5. By Vessel
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Marine Engine Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Engine
14.3.2. By Type
14.3.3. By Power Range
14.3.4. By Fuel
14.3.5. By Vessel
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Marine Engine Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Engine
15.3.2. By Type
15.3.3. By Power Range
15.3.4. By Fuel
15.3.5. By Vessel
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Marine Engine Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Engine
16.3.2. By Type
16.3.3. By Power Range
16.3.4. By Fuel
16.3.5. By Vessel
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Caterpillar Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Rolls-Royce Holdings plc
18.3. MAN Energy Solutions SE
18.4. Wärtsilä Corporation
18.5. Mitsubishi Heavy Industries, Ltd.
18.6. Volvo Penta
18.7. Cummins Inc.
18.8. Yanmar Co., Ltd.
18.9. Deutz AG
18.10.Brunswick Corporation
18.11.Scania AB
18.12. Doosan Engine
18.13. Hyundai Heavy Industries Co., Ltd.
18.14.General Electric Company
18.15. Kawasaki Heavy Industries, Ltd.
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation