According to the report, the Marine Diesel Engine market is predicted to achieve USD 19,815 million by 2026. This report examines the status quo and projections of the global Marine Diesel Engine market and analyzes the Marine Diesel Engine market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Marine diesel engines can be defined as engines that operate on diesel fuel. These are used as the primary source of providing main propulsion to ships and turn propellers of a ship. There are various types of marine engines; for example, some marine engines use gas as fuel. Of the many marine engines, marine diesel engines have the highest thermal efficiency, i.e. the ability to extract energy out of fuel. Hence, it is a commonly used type of marine engine.
The Marine Diesel Engine market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include Brunswick, Anglo Belgian, Caterpillar, Daihatsu, Deutz, Cummins, John Deere, MAN D&T, Shanghai Diesel, Rolls Royce, STX, Volvo Penta, Scania, IHI Corporation, Yanmar, Wärtsilä, Yamaha, Weichai, Yuchai, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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According to the report, the Marine Diesel Engine global market is valued at approximately USD 15,841 million in 2019 and is expected to generate revenue of around USD 19,815 million by 2026, growing at a CAGR of roughly 3.25% from 2019 and 2026.
Facilitating and Limiting Factors:
The Marine Diesel Engine market is expected to register substantial growth in the coming years, owing to growing seaborne trade as well as positive outlook toward the shipping industry. In addition, rising demand for economically viable engines, growing maritime tourism, cost affordability, and optimum utilization of fuel are also positively influencing the market growth. High reliability and alternating use for auxiliary power generation can further increase the product adoption rate. However, government restrictions on diesel engines and environmental restrictions will restrain the growth of the market. With the recovery of the global economy and the development of emerging powers, the Marine Diesel Engine market is endowed with a promising future.
The global Marine Diesel Engine market is broadly divided based on type, application, and region:
By type – Low-Speed, Medium-Speed, High-Speed
By application – Submarine, Civil Ships, Military Ships
By region – North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
On the regional front, the Marine Diesel Engine industry can be divided by major regions which include North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific held the largest market share of 34.18% in 2018 and is anticipated to show the same trend in the following years. The market in China is expected to witness significant growth due to the increase in the number of shipbuilding companies and the increasing investment in the production of safely produced diesel engines in this region. North America and Europe accounted for a market share of 28.14% and 26.48% respectively in 2018. Increasing investment towards the shipbuilding sector and increasing research and development towards environment-friendly technology are anticipated to boost the growth of the market in the United States.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Marine Diesel Engine Market
2 Market Trends and Competitive Landscape
3 Segmentation of Marine Diesel Engine Market by Types
4 Segmentation of Marine Diesel Engine Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Marine Diesel Engine Market in Major Countries
7 North America Marine Diesel Engine Landscape Analysis
8 Europe Marine Diesel Engine Landscape Analysis
9 Asia Pacific Marine Diesel Engine Landscape Analysis
10 Latin America, Middle East & Africa Marine Diesel Engine Landscape Analysis
11 Major Players Profile
11.1.1 Brunswick Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Anglo Belgian
11.7 John Deere
11.8 MAN D&T
11.9 Shanghai Diesel
11.10 Rolls Royce
11.12 Volvo Penta
11.14 IHI Corporation
- Marine Diesel Engine manufacturers
- Marine Diesel Engine importers and exporters
- Marine Diesel Engine traders, distributors, and suppliers
- Raw material suppliers of Marine Diesel Engine
- Marine Diesel Engine industry associations
- Product managers, Marine Diesel Engine industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Government agencies and NGOs
What Information does this report contain?
- The report covers the prediction and analysis of the global Marine Diesel Engine market at the global and regional levels.
- The report includes drivers and constraints that affect market growth.
- Discussed details about market opportunities
- The assessments for the regional market layout characteristics in the world.
- The report includes detailed company profiles for prominent market participants.
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