The global Marine Engines Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2018-2024 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.

The report predicts that, the Marine Engines Market is expected to touch USD 13.8 BN by 2024, rising at a market growth of 4% CAGR over the forecast period 2018-2024.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the marine engines market include AB Volvo, Brunswick Corporation, Caterpillar Inc., Cummins Inc., Daihatsu Diesel MFG. Co. Ltd., Deutz AG, Dresser-Rand Group, Inc., GE Transportation, John Deere, Man Diesel & Turbo Se, Mitsubishi Heavy Industries, Ltd., Rolls-Royce Power Systems AG, Scania AB, Wärtsilä Corp, and Yanmar Co., Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The marine engine industry is growing on the ground of robust growth in shipbuilding activities worldwide. Also, rising demand for commercial vessels such as bulk carriers and gas carriers has substantially contributed towards the growth of the marine engine market. Further, ongoing technological advancement in marine sector followed by rising sea-borne activities is again fueling the market growth over the forecast period.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of marine engines.

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Market Segmentation

The broad marine engines market has been sub-grouped into power, application and fuel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Power

• Up To 1,000 Hp
• 1,001 Hp To 5,000 Hp
• 5,001 Hp To 10,000 Hp
• 10,001 Hp To 20,000 Hp
• Above 20,000 Hp

By Application

• Commercial Vessels
• Offshore Support Vessels
• Other Vessels

By Fuel

• Heavy Fuel Oil
• Intermediate Fuel Oil
• Marine Diesel Oil
• Marine Gas Oil
• Other Fuels

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for marine engines in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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