Marine Propulsion Engines - Global Strategic Business Report

Global Marine Propulsion Engines Market to Reach $16.3 Billion by 2030

The global market for Marine Propulsion Engines estimated at US$13 Billion in the year 2022, is projected to reach a revised size of US$16.3 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2022-2030. Diesel Engine, one of the segments analyzed in the report, is projected to record 2.8% CAGR and reach US$11.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Gas Turbine segment is readjusted to a revised 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 4.3% CAGR

The Marine Propulsion Engines market in the U.S. is estimated at US$3.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 44 Featured) -

• Caterpillar, Inc.
• Cummins, Inc.
• Daihatsu Diesel Mfg. Co., Ltd.
• Fairbanks Morse
• Hyundai Heavy Industries Co., Ltd.
• MAN Diesel & Turbo SE
• Masson Marine SAS
• Mitsubishi Heavy Industries Ltd.
• Nigata Power Systems Co., Ltd.
• Rolls-Royce Holdings PLC
• Scania AB
• Wartsila Corporation
• Yanmar Co., Ltd.

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