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Marine Engines Market Size Valued At Around US$14.4 Bn By 2026

Press release   •   Aug 23, 2019 01:54 EDT

According to ARC's latest market research report, the global Marine Engines Market is anticipated to generate revenues of around $14.4 billion by 2026, growing at a CAGR of over 4.5% during 2019-2026.

Recent study titled, "Marine Engines Market (By Fuel: LNG, Hybrid, MDO, MGO, Others; by Power: 10,000-20,000 HP, > 20,000 HP, 5,000-10,000 HP, 1,000-5,000 HP, < 1,000 HP; by Technology: High Speed, Moderate Speed, Low Speed; By Propulsion: 4-stroke, 2-stroke; By Application: Recreational, Offshore, Commercial, Navy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026" which covers clear verifiable examination and lights up feature components and examples that give an extensive picture of the business.

The shifting trends in the shipping industry and the increase of worldwide amounts of sea trade are projected to fuel the development of the market in marine motors. Increased use of low-sulfur fuels due to public emissions reduction standards will fuel demand for the item. The IMO, for example, established rules to tackle sulfur and particulate matter (PM) pollution in January 2015 and limited SOx sales across the ECAs to 0.10%, which complemented the industry's prospects.

Government’s marine pollution reduction strategies have driven demand for low emission motors. For example, in Annex VI, a directive was adopted by the Marine Environment Protection Committee (MEPC) to limit the NOx emissions of diesel motors with a power output of more than 130 kW. Progress in technology in the production of sophisticated motors that comply with the established norms will boost company development. Furthermore, positive financial developments from emerging economies are expected to increase the business landscape.

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Liquefied Natural Gas (LNG) is anticipated to grow significantly by 2026, exceeding USD 2.1 billion. The gas is a complement to vessels and is expected to see a strong supply rise in the next few years. By decreasing CO2 to around 25 percent, it emits less carbon and is accessible at a competitive cost in commercially feasible areas including Europe and North America. Increasing worldwide trade operations led to more LNG carriers' investment in 2018, which resulted in 10% development in DWT.

Improved living standards and increased disposable revenues underline the growing requirement for ferries and cruises. Low velocity motors are commonly used to strengthen the brand system in merchants, yachts, passengers and business ships. Innovative drive goods to enhance engine effectiveness will also boost the company environment.

Continuing government investment and incentive programs to enhance national security and sophisticated shipping lines are designed to stimulate consumer supply. For example, the US government announced in 2019 that it would spend USD 20 billion to improve the USA Naval Ships. The increase in international trade and the expansion of shipbuilding will promote demand for business ships.

The Middle East industry for marine motors will see significant development in 2025 in excess of USD 800 million. One of the main variables influencing brand acceptance is increasing the accessibility of offshore ships and tankers. Increased exploration and manufacturing operations will boost demand for gas carriers and petroleum tankers along with boat and ships supplying platforms.

Marine motors are used to produce energy for offshore ships, business ships and ships running on a wide range of fuels, including gas oil, diesel petroleum, hybrid and LNG. The main variables responsible for item assembly include fuel efficiency, simple servicing, low damaging emissions, durability, elevated effectiveness and smooth operation.

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Key Players & Strategies

Major players included in this report are Duetz, Shanghai Diesel Engine, Anglo Belgian Corporation, Caterpillar, Brunswick, Rolls Royce, Cummins, John Deere, STX Engines, Scania, MAN Energy Solutions, and Volvo Penta. The producers focus mainly on fresh brand launches, mergers & acquisitions and R&D in order to achieve competitive benefit in the industry.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Marine Engines
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Marine Engines Market By Fuel
1.2.2.1. Global Marine Engines Market Revenue and Growth Rate Comparison By Fuel (2015-2026)
1.2.2.2. Global Marine Engines Market Revenue Share By Fuel in 2018
1.2.2.3. LNG
1.2.2.4. Hybrid
1.2.2.5. MDO
1.2.2.6. MGO
1.2.2.7. Others
1.2.3. Marine Engines Market By Power
1.2.3.1. Global Marine Engines Market Revenue and Growth Rate Comparison By Power (2015-2026)
1.2.3.2. Global Marine Engines Market Revenue Share By Power in 2018
1.2.3.3. 10,000-20,000 HP
1.2.3.4. > 20,000 HP
1.2.3.5. 5,000-10,000 HP
1.2.3.6. 1,000-5,000 HP
1.2.3.7. < 1,000 HP
1.2.4. Marine Engines Market By Technology
1.2.4.1. Global Marine Engines Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.4.2. Global Marine Engines Market Revenue Share By Technology in 2018
1.2.4.3. High Speed
1.2.4.4. Moderate Speed
1.2.4.5. Low Speed
1.2.5. Marine Engines Market By Propulsion
1.2.5.1. Global Marine Engines Market Revenue and Growth Rate Comparison By Propulsion (2015-2026)
1.2.5.2. Global Marine Engines Market Revenue Share By Propulsion in 2017
1.2.5.3. 4-stroke
1.2.5.4. 2-stroke
1.2.6. Marine Engines Market By Application
1.2.6.1. Global Marine Engines Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.6.2. Global Marine Engines Market Revenue Share By Application in 2018
1.2.6.3. Recreational
1.2.6.4. Offshore
1.2.6.5. Commercial
1.2.6.6. Navy
1.2.6.7. Others
1.2.7. Marine Engines Market by Geography
1.2.7.1. Global Marine Engines Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.7.2. North America Marine Engines Market Revenue and Growth Rate(2015-2026)
1.2.7.3. Europe Marine Engines Market Revenue and Growth Rate(2015-2026)
1.2.7.4. Asia-Pacific Marine Engines Market Revenue and Growth Rate(2015-2026)
1.2.7.5. Latin America Marine Engines Market Revenue and Growth Rate(2015-2026)
1.2.7.6. Middle East and Africa (MEA)Marine Engines Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Marine Engines Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Marine Engines Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Marine Engines Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Marine Engines Major Manufacturers in 2018

CHAPTER 4. Marine Engines Market By Fuel

4.1. Global Marine Engines Revenue By Fuel
4.2. LNG
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Hybrid
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. MDO
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. MGO
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Others
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. Marine Engines Market By Power

5.1. Global Marine Engines Revenue By Power
5.2. 10,000-20,000 HP
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. > 20,000 HP
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. 5,000-10,000 HP
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. 1,000-5,000 HP
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. < 1,000 HP
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. Marine Engines Market By Technology

6.1. Global Marine Engines Revenue By Technology
6.2. High Speed
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Moderate Speed
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Low Speed
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. Marine Engines Market By Propulsion

7.1. Global Marine Engines Revenue By Propulsion
7.2. 4-stroke
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. 2-stroke
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 8. Marine Engines Market By Application

8.1. Global Marine Engines Revenue By Application
8.2. Recreational
8.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
8.3. Offshore
8.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
8.4. Commercial
8.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
8.5. Navy
8.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
8.6. Others
8.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 9. North America Marine Engines Market By Country

9.1. North America Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. North America Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. U.S.
9.3.1. U.S.Marine Engines Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
9.4. Canada
9.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

9.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 10. Europe Marine Engines Market By Country
10.1. Europe Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Europe Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. UK
10.3.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
10.4. Germany
10.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
10.5. France
10.5.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
10.6. Spain
10.6.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
10.7. Rest of Europe
10.7.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 11. Asia-Pacific Marine Engines Market By Country

11.1. Asia-Pacific Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Asia-Pacific Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. China
11.3.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
11.4. Japan
11.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
11.5. India
11.5.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
11.6. Australia
11.6.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.6.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
11.7. South Korea
11.7.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.7.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
11.8. Rest of Asia-Pacific
11.8.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
11.8.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 12. Latin America Marine Engines Market By Country 

12.1. Latin America Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Latin America Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. Brazil
12.3.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
12.4. Mexico
12.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
12.5. Rest of Latin America
12.5.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 13. Middle East Marine Engines Market By Country 

13.1. Middle East Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
13.2. Middle East Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
13.3. Saudi Arabia
13.3.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
13.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
13.4. UAE
13.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
13.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
13.5. Rest of Middle East
13.5.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
13.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 14. Africa Marine Engines Market By Country 

14.1. Africa Marine Engines Market Revenue and Growth Rate, 2015 - 2026 ($Million)
14.2. Africa Marine Engines Market Revenue Share Comparison, 2015 & 2026 (%)
14.3. South Africa
14.3.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
14.3.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
14.4. Egypt
14.4.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
14.4.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)
14.5. Rest of Africa
14.5.1. Market Revenue and Forecast By Fuel, 2015 - 2026 ($Million)
14.5.2. Market Revenue and Forecast By Power, 2015 - 2026 ($Million)

CHAPTER 15. COMPANY PROFILE

15.1. Duetz
15.1.1. Company Snapshot
15.1.2. Overview
15.1.3. Financial Overview
15.1.4. Product Portfolio
15.1.5. Key Developments
15.1.6. Strategies
15.2. Shanghai Diesel Engine
15.2.1. Company Snapshot
15.2.2. Overview
15.2.3. Financial Overview
15.2.4. Product Portfolio
15.2.5. Key Developments
15.2.6. Strategies
15.3. Anglo Belgian Corporation
15.3.1. Company Snapshot
15.3.2. Overview
15.3.3. Financial Overview
15.3.4. Product Portfolio
15.3.5. Key Developments
15.3.6. Strategies
15.4. Caterpillar
15.4.1. Company Snapshot
15.4.2. Overview
15.4.3. Financial Overview
15.4.4. Product Portfolio
15.4.5. Key Developments
15.4.6. Strategies
15.5. Brunswick
15.5.1. Company Snapshot
15.5.2. Overview
15.5.3. Financial Overview
15.5.4. Product Portfolio
15.5.5. Key Developments
15.5.6. Strategies
15.6. Rolls Royce
15.6.1. Company Snapshot
15.6.2. Overview
15.6.3. Financial Overview
15.6.4. Product Portfolio
15.6.5. Key Developments
15.6.6. Strategies
15.7. Cummins
15.7.1. Company Snapshot
15.7.2. Overview
15.7.3. Financial Overview
15.7.4. Product Portfolio
15.7.5. Key Developments
15.7.6. Strategies
15.8. John Deere
15.8.1. Company Snapshot
15.8.2. Overview
15.8.3. Financial Overview
15.8.4. Product Portfolio
15.8.5. Key Developments
15.8.6. Strategies
15.9. STX Engines
15.9.1. Company Snapshot
15.9.2. Overview
15.9.3. Financial Overview
15.9.4. Product Portfolio
15.9.5. Key Developments
15.9.6. Strategies
15.10. Scania
15.10.1. Company Snapshot
15.10.2. Overview
15.10.3. Financial Overview
15.10.4. Product Portfolio
15.10.5. Key Developments
15.10.6. Strategies
15.11. MAN Energy Solutions
15.11.1. Company Snapshot
15.11.2. Overview
15.11.3. Financial Overview
15.11.4. Product Portfolio
15.11.5. Key Developments
15.11.6. Strategies
15.12. Volvo Penta
15.12.1. Company Snapshot
15.12.2. Overview
15.12.3. Financial Overview
15.12.4. Product Portfolio
15.12.5. Key Developments
15.12.6. Strategies
15.13. Others
15.13.1. Company Snapshot
15.13.2. Overview
15.13.3. Financial Overview
15.13.4. Product Portfolio
15.13.5. Key Developments
15.13.6. Strategies

CHAPTER 16. RESEARCH APPROACH

16.1. Research Methodology
16.1.1. Initial Data Search
16.1.2. Secondary Research
16.1.3. Primary Research
16.2. Assumptions and Scope

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