Marine Engine Market Size, Share, Trends, Growth 2032

Marine Engine Market

Marine Engine Market By Fuel (Intermediate Fuel, Marine Diesel, Heavy Fuel, Marine Gas Oil) By Application (Commercial Vessels, Offshore Support Vessels, And Inland Waterways Vessels Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032

Category: Energy & Mining Report Format : PDF Pages: 178 Report Code: ZMR-1009 Published Date: Nov-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 12.54 Billion USD 17.53 Billion 3.79% 2023

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Fuel
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Marine Engine market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Marine Engine market – Fuel Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Fuel, 2020 & 2028
    • 4.2. Intermediate Fuel
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Marine Diesel
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Heavy Fuel
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Marine gas oil
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Marine Engine market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Commercial Vessels
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Offshore Support Vessels
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Inland Waterways Vessels
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Marine Engine market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Fuel, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Fuel, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Fuel, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Fuel, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Fuel, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Fuel, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Fuel, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Fuel, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Fuel, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Fuel, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Fuel, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Fuel, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Fuel, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Fuel, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Fuel, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Fuel, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Fuel, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Fuel, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Fuel, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Fuel, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Fuel, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Fuel, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Fuel, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Fuel, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Fuel, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Fuel, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Marine Engine market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Marine Engine market: Company Market Share, 2019
      • 8.1.2. Global Marine Engine market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Marine Engine market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Marine Engine market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Sumitomo Heavy Industries
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Mercury Marine
    • 9.3. Rull Royce limited
    • 9.4. Cummins Inc
    • 9.5. GM Power Train
    • 9.6. Hyundai Heavy Industries
    • 9.7. Mitsubishi Heavy Industries
    • 9.8. Caterpillar Corporate
    • 9.9. Wartsila Corporation
    • 9.10. MAN Diesel Turbo SE
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Fuel
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Marine Engine market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Fuel, 2020 & 2028 
FIG NO. 7. Global Marine Engine market for Intermediate Fuel, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Marine Engine market for Intermediate Fuel, By Country, 2020 & 2028
FIG NO. 9. Global Marine Engine market for Marine Diesel, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Marine Engine market for Marine Diesel, By Country, 2020 & 2028
FIG NO. 11. Global Marine Engine market for Heavy Fuel, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Marine Engine market for Heavy Fuel, By Country, 2020 & 2028
FIG NO. 13. Global Marine Engine market for Marine gas oil, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Marine Engine market for Marine gas oil, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 16. Global Marine Engine market for Commercial Vessels, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Marine Engine market for Commercial Vessels, By Country, 2020 & 2028 
FIG NO. 18. Global Marine Engine market for Offshore Support Vessels, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Marine Engine market for Offshore Support Vessels, By Country, 2020 & 2028
FIG NO. 20. Global Marine Engine market for Inland Waterways Vessels, Revenue (USD Billion) 2016 – 2028 
FIG NO. 21. Comparative Revenue Analysis of Marine Engine market for Inland Waterways Vessels, By Country, 2020 & 2028
FIG NO. 22. Global Marine Engine market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Marine Engine market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global Marine Engine market
FIG NO. 25. PEST Analysis for Global Marine Engine market
FIG NO. 26. Pricing Analysis for Global Marine Engine market
FIG NO. 27. Value Chain Analysis for Global Marine Engine market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Alcatel-Lucent Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Alcatel-Lucent Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels 
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Marine Engine market: Snapshot
TABLE NO. 2. Quarterly Marine Engine market Revenue by Region, 2020
TABLE NO. 3. Quarterly Marine Engine market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Marine Engine market for Intermediate Fuel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Marine Engine market for Marine Diesel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Marine Engine market for Heavy Fuel, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Marine Engine market for Marine gas oil, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Marine Engine market for Commercial Vessels, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Marine Engine market for Offshore Support Vessels, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Marine Engine market for Inland Waterways Vessels, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Marine Engine market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14: North America Marine Engine market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Marine Engine market Revenue, By Fuel, 2016 – 2028 (USD Billion)
TABLE NO. 16: North America Marine Engine market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Marine Engine market Revenue, By Fuel, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Marine Engine market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Marine Engine market Revenue, By Fuel, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Marine Engine market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Marine Engine market Revenue, By Fuel, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Marine Engine market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Drivers for the Marine Engine market: Impact Analysis
TABLE NO. 24. Restraints for the Marine Engine market: Impact Analysis
TABLE NO. 25. Major Buyers of Marine Engine  
TABLE NO. 26. Distributors/Traders List of Marine Engine
TABLE NO. 27. Global Marine Engine market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 28: Global Marine Engine market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)    
 

Methodology

FrequentlyAsked Questions

Zion Market Research has published a report on the global Marine Engine Market, estimating its value at USD 12.54 Billion in 2023, with projections indicating that it will reach USD 17.53 Billion by 2032. 

The market is expected to expand at a compound annual growth rate (CAGR) of 3.79% over the forecast period 2024-2032.

The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.

Asia Pacific area includes developing nations such as India and China. Recently the government has developed stringent rules in these regions for better and safer highways to slash down the number of accidents, boosting the Marine Engine market.

Some of the major companies comprised in the global marine engine market are Sumitomo Heavy Industries, Mercury Marine, Roll Royce limited, Cummins Inc, GM Power Train, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Caterpillar Corporate, Wartsila Corporation, and MAN Diesel & Turbo SE. These players have a lion’s share in the growth of the global marine engine market.

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Market InsightsGlobal Market OverviewGrowth FactorsSegment Analysis PreviewReport ScopeRegional Analysis PreviewKey Market Players Competitive LandscapeThe global market is segmented as follows:

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