(MENAFNEditorial) Global Marine Engine Market Information by Fuel Type (heavy fuel, intermediate fuel), by vessel Type and by Region - Forecast to 2022
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Market Segmentation
The marine engine market has been segmented
- On the basis of Vessel Type as commercial vessel and offshore support vessels.
- On the basis of fuel the market has been segmented as heavy fuel, intermediate fuel, marine diesel and marine gas oil.
Market Highlight:
Rapid rise in ship building activities in recent times is one of the primary factors driving the demand in the Marine engine market. Increasing demand for luxury vessels as a result of increasing disposable income among individuals has been a major contributor to the increasing demand in the marine engine market. Rise in demand for commercial vessels such as gas carriers and bulk carriers has significantly contributed to the rapid growth of the marine engine market.
Thus the Marine Engine Market is expected to register a CAGR of almost 4%.
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Key Players
Some of the key players in the marine engine market are
- MAN Diesel & Turbo SE (Germany)
- Wärtsilä (Finland)
- Caterpillar Inc. (U.S.)
- Mitsubishi Heavy Industries (Japan)
- Rolls-Royce Power Systems AG (Germany)
Target Audience
- Manufacturers of automotive exhaust systems
- Raw material suppliers for automotive exhaust systems
- Automotive OEMs
- Government and research organization
- Investment bankers and M & A Consultants
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Study Objectives of Global Marine Engine Market
- To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global Marine Engine market
- To provide insights about factors affecting the market growth
- To analyze the global Marine Engine market based on various factors such as supply chain analysis, and Porter's five forces analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries - North America, Europe, Asia-Pacific, and ROW.
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by fuel type, vessel type and region
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Marine Engine market
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Regional Analysis of Global Marine Engine Market
The flourishing ship building industries in china, South Korea and Japan is one of the prime factors which has resulted in Asia-Pacific region dominating the Marine Engine market. Rise in maritime trade in this region along with increasing incidence of investment is expected to contribute to the domination of the Asia-pacific region in the marine engine market.
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