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Marine Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026

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    Report

  • 291 Pages
  • May 2018
  • Region: Global
  • Transparency Market Research
  • ID: 4851834

Marine Propulsion Market – Overview



Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water. The setup of a propulsion system depends on the vessel size, transport system, and type of operation. Diesel marine propulsion system is a common type of marine propulsion system. The segment constitutes more than 46% share of the global marine propulsion market. Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels, and recreational vessels. In full electric marine propulsion systems, the engine is directly connected to the generator. Full electric marine propulsion enhances the overall efficiency of the vessel and also reduces the carbon footprint. Full electric marine propulsion system consists of a series of motors and generators. Electric power is transmitted from the engine to the propeller shaft through the motor controller and electric motor.



Implementation of stringent regulations related to minimization of harmful carbon emissions has propelled the demand for advanced propulsion systems. Increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem. Therefore, governments of several countries are funding and supporting development and adoption of the latest technology in marine propulsion systems.



Several firms are actively developing fuel-efficient marine propulsion systems. Rise in demand for small- and mid-size vessels with fuel-efficient propulsion systems used in inland waterways is expected to drive the global marine propulsion market during the forecast period. Developed as well as developing countries are investing significantly in the defense sector. Demand for marine propulsion systems in Asia Pacific is gaining momentum due to the rise in seaborne trade and increase in the manufacture of new vessels as well as upgrade of existing vessels.



This report analyzes and forecasts the marine propulsion market at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global marine propulsion market. It also covers impact of these drivers and restraints on demand for marine propulsion during the forecast period. The report also highlights opportunities in the marine propulsion market at the global and regional level.



The report includes detailed value chain analysis, which provides a comprehensive view of the global marine propulsion market. Porter’s Five Forces model for the marine propulsion market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein products and application are benchmarked based on their market size, growth rate, and general attractiveness.



The study provides a decisive view of the global marine propulsion market by segmenting it in terms of propulsion type, transport, power rating, RPM, and region. In terms of propulsion type, the marine propulsion market has been classified into full electric, diesel, renewable, nuclear, gas turbine, fuel cell, hybrid, and others. Based on transport, the marine propulsion market has been divided into inland waterways (passenger ships, goods transport ships, fishing boats, pleasure boats/water sports, and others) and coastal/cross-border waterways (offshore vessels {offshore support vessels, i.e. OSV, offshore construction vessels, i.e. OCV, oil exploration & drilling vessels, i.e. OEDV, and offshore production vessels}, fishing vessels, ferries, tugboats, cruise, cargo ships, defense vessels, and others). In terms of power rating, the global marine propulsion market has been segregated into 0-300 KW, 301-500 KW, 501-800 KW, and above 801 KW. Based on RPM, the market has been split into 0-1000 RPM, 1001-2500 RPM, and above 2500 RPM. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for marine propulsion in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.



The report provides the actual size of the marine propulsion market for 2017 and estimated size for 2018 with forecast for the next nine years. The global marine propulsion market has been provided in terms of revenue. Market numbers have been estimated based on propulsion type, transport, power rating, and RPM of the marine propulsion market. Market revenue and size have been provided in terms of global, regional, and country level markets.



The report comprises profiles of major companies operating in the global marine propulsion market. Key players operating in the marine propulsion market include Cummins Inc., Caterpillar Inc., AB Volvo Penta, BAE Systems, Wärtsilä Corporation, Rolls Royce Plc., Niigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine S.A.S., GE, STEYR MOTORS GmbH, MAN Diesel & Turbo SE, and Torqeedo GmbH. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.



Key Takeaways



  • In terms of RPM, the 1,001-2,500 RPM segment constitutes the major share of the marine propulsion market
  • Diesel-based marine propulsion systems are widely used vis-à-vis other propulsion systems. Diesel-based marine propulsion systems account for approximately 50% share of the market.
  • Market share of diesel-based marine propulsion systems is estimated to decline in the next few years due to the strong focus on highly efficient and hybrid technologies
  • Asia Pacific holds significant share of the market. This trend is projected to continue during the forecast period.

Table of Contents

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Global Marine Propulsion Market (US$ Mn)
3.2. Key Trends
3.3. Regional Overview, 2017 - 2026
4. Market Overview
4.1. Introduction
4.2. Market Indicators
5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunity
5.4. Marine Propulsion Market Size (US$ Mn) Forecast, 2017-2026
5.5. Porter’s Analysis
5.5.1. Threat of Substitutes
5.5.2. Bargaining Power of Buyers
5.5.3. Bargaining Power of Suppliers
5.5.4. Threat of New Entrants
5.5.5. Degree of Competition
5.5.6. Value Chain Analysis
5.6. List of Customers & Suppliers
6. Global Marine Propulsion Market Analysis, by Propulsion Type
6.1. Key Findings
6.2.Introduction
6.3. Key Trends
6.4. Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
6.5. Marine Propulsion Market Forecast, by Full Electric
6.6. Marine Propulsion Market Forecast, by Diesel
6.7. Marine Propulsion Market Analysis, by Renewable
6.8. Marine Propulsion Market Analysis, by Nuclear
6.9. Marine Propulsion Market Analysis, by Gas Turbine
6.10. Marine Propulsion Market Analysis, by Fuel Cell
6.11. Marine Propulsion Market Analysis, by Hybrid
6.12. Marine Propulsion Market Analysis, by Others
6.13. Marine Propulsion Market Attractiveness Analysis, by Propulsion Type
7. Global Marine Propulsion Market Analysis, by Transport
7.1. Key Findings
7.2.Introduction
7.3. Key Trends
7.4. Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
7.5. Marine Propulsion Market Forecast, by Inland Waterways
7.6. Marine Propulsion Market Forecast, by Coastal/cross-border waterways
7.7. Marine Propulsion Market Attractiveness Analysis, by Transport
8. Global Marine Propulsion Market Analysis, by Power Rating
8.1. Key Findings
8.2.Introduction
8.3. Key Trends
8.4. Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
8.5. Marine Propulsion Market Forecast, by 0-300 KW
8.6. Marine Propulsion Market Forecast, by 301-500 KW
8.9. Marine Propulsion Market Attractiveness Analysis, by Power Rating
9. Global Marine Propulsion Market Analysis, by RPM
9.1. Key Findings
9.2.Introduction
9.3. Key Trends
9.4. Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
9.5. Marine Propulsion Market Forecast, by 0-1,000 RPM
9.6. Marine Propulsion Market Forecast, by 1,001-2,500 RPM
9.7. Marine Propulsion Market Forecast, by Above 2,500 RPM
9.8. Marine Propulsion Market Attractiveness Analysis, by RPM
10. North America Marine Propulsion Market Analysis
10.1. Key Findings
10.2. North America Marine Propulsion Market Overview
10.3. North America Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
10.4. North America Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
10.5. North America Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
10.6. North America Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
10.7. North America Marine Propulsion Market Size (US$ Mn) Forecast, by Country
10.7.1. U.S.
10.7.2. Canada
11. Europe Marine Propulsion Market Analysis
11.1. Key Findings
11.2. Europe Marine Propulsion Market Overview
11.3. Europe Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
11.4. Europe Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
11.5. Europe Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
11.6. Europe Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
11.7. Europe Marine Propulsion Market Size (US$ Mn) Forecast, by Country
11.7.1. Germany
11.7.2. U.K.
11.7.3. France
11.7.4. Norway
11.7.5. Netherlands
11.7.6. Russia & CIS
11.7.7. Rest of Europe
12. Asia Pacific Marine Propulsion Market Analysis
12.1. Key Findings
12.2. Asia Pacific Marine Propulsion Market Overview
12.3. Asia Pacific Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
12.4. Asia Pacific Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
12.5. Asia Pacific Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
12.6. Asia Pacific Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
12.7. Asia Pacific Marine Propulsion Market Size (US$ Mn) Forecast, by Country
12.7.1. China
12.7.2. India
12.7.3. Japan
12.7.4. ASEAN
12.7.5. Rest of Asia Pacific
13. Middle East & Africa Marine Propulsion Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Marine Propulsion Market Overview
13.3. Middle East & Africa Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
13.4. Middle East & Africa Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
13.5. Middle East & Africa Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
13.6. Middle East & Africa Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
13.7. Middle East & Africa Marine Propulsion Market Size (US$ Mn) Forecast, by Country
13.7.1. GCC
13.7.2. South Africa
13.7.3. Rest of Middle East & Africa
14. Latin America Marine Propulsion Market Analysis
14.1. Key Findings
14.2. Latin America Marine Propulsion Market Overview
14.3. Latin America Marine Propulsion Market Size (US$ Mn) Forecast, by Propulsion Type
14.4. Latin America Marine Propulsion Market Size (US$ Mn) Forecast, by Transport
14.5. Latin America Marine Propulsion Market Size (US$ Mn) Forecast, by Power Rating
14.6. Latin America Marine Propulsion Market Size (US$ Mn) Forecast, by RPM
14.7. Latin America Marine Propulsion Market Size (US$ Mn) Forecast, by Country
14.7.1. Brazil
14.7.2. Mexico
14.7.3. Rest of Latin America
15. Competition Landscape
15.1 Competition Matrix
15.2. Company Market Share
15.3. Market Footprint Analysis
15.3.1. By Propulsion Type
15.3.2. By Transport
15.3.3. By Power Rating
15.3.4. By RPM
15.4. Competitive Business Strategy- Key Players
15.5. Company Profiles
15.5.1. Caterpillar
15.5.1.1. Company Description
15.5.1.2. Business Overview
15.5.1.3. Financial Overview
15.5.1.4. Strategic Overview
15.5.2. Cummins Inc.
15.5.2.1. Company Description
15.5.2.2. Business Overview
15.5.2.3. Financial Overview
15.5.2.4. Strategic Overview
15.5.3. Rolls-Royce Plc
15.5.3.1. Company Description
15.5.3.2. Business Overview
15.5.3.3. Financial Overview
15.5.3.4. Strategic Overview
15.5.4. Wärtsilä
15.5.4.1. Company Description
15.5.4.2. Business Overview
15.5.4.3. Financial Overview
15.5.4.4. Strategic Overview
15.5.5. MAN Diesel & Turbo
15.5.5.1. Company Description
15.5.5.2. Business Overview
15.5.6. General Electric
15.5.6.1. Company Description
15.5.6.2. Business Overview
15.5.6.3. Financial Overview
15.5.6.4. Strategic Overview
15.5.7. BAE Systems plc
15.5.7.1. Company Description
15.5.7.2. Business Overview
15.5.7.3. Financial Overview
15.5.7.4. Strategic Overview
15.5.8. Volvo Penta
15.5.8.1. Company Description
15.5.8.2. Business Overview
15.5.8.3. Financial Overview
15.5.8.4. Strategic Overview
15.5.9. Nigata Power Systems Co., Ltd.
15.5.9.1. Company Description
15.5.9.2. Business Overview
15.5.10. STEYR MOTORS GmbH
15.5.10.1. Company Description
15.5.10.2. Business Overview
15.5.11. Torqeedo GmbH
15.5.11.1. Company Description
15.5.11.2. Business Overview
15.5.12. Fairbanks Morse Engine
15.5.12.1. Company Description
15.5.12.2. Business Overview
15.5.12.3. Financial Overview
15.5.12.4. Strategic Overview
15.5.13. Masson-Marine S.A.S
15.5.13.1. Company Description
15.5.13.2. Business Overview