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Global Marine Engines Market by Power (<1, 1-5, 5-10, 10-20, Over 20) Thousand HP, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel, Gas Oil), Engine (Propulsion, Auxiliary), Type, and Region - Forecast to 2025

  • ID: 5214385
  • Report
  • December 2020
  • Region: Global
  • Markets and Markets
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Global Marine Engines Market Projected to Grow from USD 11.8 Billion in 2020 to USD 13.7 Billion by 2025, at a CAGR of 3.1%

FEATURED COMPANIES

  • Caterpillar
  • Daihatsu Diesel MFG
  • Fairbanks Morse
  • Hyundai Heavy Industries
  • Japan Engine Corporation
  • MAN SE
  • MORE

The global marine engines market is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020-2025.

The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.

However, due to the COVID-19 pandemic, and resultant extensive lockdowns, halted production, and decline in trade of goods apart from essential items, the marine sector has been affected to a large extent. Marine and shipping industries rely on other sectors such as commercial cruises, cargo vessels, and the offshore oil & gas industry. Due to worldwide lockdowns and lack of demand for cruise and cargo ships, the marine engine market has been highly impacted.

The 5,001-10,000 hp segment, by power range, is expected to be the largest market from 2020 to 2025

The power range segment is categorized as up to 1000 hp, 1001-5000 hp, 5001-10000 hp, 10001-20000 hp, above 20000 hp. The 5,001-10,000 hp marine engines are the most widely used engines across application around the world. These engines, usually medium-speed engines, are used in applications such as containerships, cruise ships, tug vessels and other offshore support vessels, standby and rescue vessels, chemical carriers, cargo vessels, defense vessels such as coast guard, and various other applications. With the increased marine freight transport and growing marine tourism the demand for marine engines in this segment are expected to remain the largest during the forecast period.

The propulsion engine segment, by engine, is expected to be the fastest-growing market from 2020 to 2025

The marine engines market by segment is categorized into propulsion engine and auxiliary engine. The propulsion engines segment is expected to grow at the fastest rate during the forecast period. Propulsion engines are the key component on any marine vessel. These engines are responsible for providing thrust and power to vessels to move and sail the oceans. These engines act as prime movers of ships and are thus major assets of all vessels. With the growing demand for marine freight transport and marine tourism the demand for sips and vessels is expected to increase which is further expected to drive the demand for marine propulsion engines.

Asia-Pacific: The largest and the fastest-growing region in the marine engines market

Asia-Pacific is expected to be the largest and fastest marine engines market during the forecast period. Asia-Pacific comprises China, Japan, South Korea, India, Australia, and the Rest of Asia-Pacific. Asia-Pacific is global leader in shipbuilding industry both in terms of exports and imports. It is considered to be a lucrative region for maritime trade. Countries such as China, Japan, and South Korea are considered as the main manufacturing hubs for marine engines. Over the past few years, this region has witnessed rapid economic development as well as the growth of the manufacturing and energy sectors, thereby resulting in an increase in the maritime trade. The rise in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions worldwide.

Study Coverage

The report defines, describes, and forecasts the marine engines market by power range, vessel, engine, type, fuel, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, including the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the marine engines market.

The global marine engines market is dominated by a few major players with an extensive regional presence and a large number of local players. The leading players in the marine engines market are Hyundai Heavy Industries (South Korea), Caterpillar (US), MAN SE (Germany), Mitsubishi Heavy Industries (Japan), and Volvo Penta (Sweden).

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
  • By Designation: C-Level - 40%, Director Level - 35%, and Others - 25%
  • By Region: Asia-Pacific - 40%, North America - 25%, Europe - 20%, Middle East & Africa - 8%, and South America - 7%

*Others include sales managers, engineers, and regional managers

Note: Tier 1 Company - Revenue > USD 5 billion, Tier 2 Company - Revenue between USD 50 million and USD 5 billion, and Tier 3 Company - Revenue < USD 50 million

Key Benefits of Buying the Report

  • The report identifies and addresses the key markets for marine engine sales, which would help equipment manufacturers and service providers review the demand growth
  • The report helps system providers understand the market's pulse and provides insights into drivers, restraints, opportunities, and challenges
  • The report will help key players understand their competitors' strategies better and help them make better strategic decisions
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Caterpillar
  • Daihatsu Diesel MFG
  • Fairbanks Morse
  • Hyundai Heavy Industries
  • Japan Engine Corporation
  • MAN SE
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Marine Engine Market: Inclusions & Exclusions
Table 1 Marine Engine Market, by Vessel: Inclusions & Exclusions
Table 2 Marine Engine Market, by Fuel: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders

2 Research Methodology
2.1 Research Methodology Scope
Figure 1 Marine Engines Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Impact of COVID-19
2.3 Market Size Estimation
2.3.1 Ideal Demand-Side Analysis
Table 3 Ship-Built Data are the Determining Factors for the Global Marine Engines Market
2.3.1.1 Assumptions
2.3.2 Supply-Side Analysis
2.3.2.1 Calculation
Figure 3 Marine Engines Market, 2019
2.3.3 Forecast
2.4 Some of the Insights of Industry Experts

3 Executive Summary
3.1 Pre- and Post-COVID-19 Scenario Analysis
Figure 4 Pre- and Post-COVID-19 Scenario Analysis
Table 4 Marine Engines Market Snapshot
Figure 5 Asia-Pacific Dominated the Marine Engines Market in 2019
Figure 6 5,001-10,000 Hp Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 7 Commercial Vessel Segment is Expected to Lead the Marine Engines Market During the Forecast Period
Figure 8 Heavy Fuel Oil Segment is Expected to Lead the Marine Engines Market During the Forecast Period
Figure 9 Propulsion Engine Segment is Expected to Lead the Marine Engines Market During the Forecast Period
Figure 10 Two-Stroke Segment is Expected to Grow at the Highest CAGR During the Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in the Marine Engines Market During the Forecast Period
Figure 11 Growth in International Marine Freight Transport and Maritime Tourism is Expected to Drive the Marine Engines Market, 2020-2025
4.2 Marine Engines Market, by Region
Figure 12 Marine Engines Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
4.3 Asia-Pacific Marine Engines Market, by Vessel and Country
Figure 13 Commercial Vessel Segment and China Dominated the Asia-Pacific Marine Engines Market, in 2019
4.4 Marine Engines Market, by Vessel
Figure 14 The Commercial Vessel Segment is Expected to Capture the Largest Share of the Marine Engines Market During the Forecast Period
4.5 Marine Engines Market, by Power Range
Figure 15 The 5,001-10,000 Hp Segment is Expected to Account for the Largest Share of the Marine Engines Market During the Forecast Period
4.6 Marine Engines Market, by Engine
Figure 16 The Propulsion Engine Segment is Expected to Dominate the Marine Engines Market During the Forecast Period
4.7 Marine Engines Market, by Fuel
Figure 17 The Heavy Fuel Oil Segment is Expected to Hold the Largest Share of the Marine Engines Market During the Forecast Period
4.8 Marine Engines Market, by Type
Figure 18 The Two-Stroke Segment is Expected to Account for the Larger Share of the Marine Engines Market During the Forecast Period

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 19 COVID-19's Global Propagation
Figure 20 COVID-19 Transmission in Selected Countries
5.3 Road to Recovery
Figure 21 Road to Recovery for 2020
5.4 COVID-19: Economic Assessment
Figure 22 Revised GDP Forecasts for Select G20 Countries in 2020
5.5 Market Dynamics
Figure 23 Marine Engines Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Growth in International Marine Freight Transport
Figure 24 Global Sea Freight Transport, 2008-2019 (Million Ton)
5.5.1.2 Increasing Adoption of Smart Engines for Situational Awareness and Safety
5.5.1.3 Growth in Maritime Tourism
Figure 25 Global Sea Passengers Transport, 2009-2019 (Million)
5.5.2 Restraints
5.5.2.1 Stringent Environmental Regulations Worldwide
5.5.2.2 Dependence on Heavy Fuel as the Primary Fuel
5.5.3 Opportunities
5.5.3.1 Increased Naval Budgets Worldwide
5.5.3.2 Rising Demand for Dual-Fuel Engines
5.5.4 Challenges
5.5.4.1 Fluctuations in Oil & Gas Prices
5.5.4.2 Shipping Overcapacity
5.5.4.3 Impact of COVID-19
Table 5 Country-Wise Percentage Deviation from Benchmarks due to COVID-19
5.6 Adjacent and Interconnected Markets
Table 6 Adjacent and Interconnected Markets (USD Billion)

6 Marine Engines Market, by Power Range
6.1 Introduction
Figure 26 Marine Engines Market Share, by Power Range, 2019
Table 7 Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 8 Pre-COVID-19: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 9 Post-COVID-19: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
6.2 Up to 1,000 Hp
6.2.1 Asia-Pacific is the Largest Market for Up To1,000 Hp Marine Engines
Table 10 Up to 1,000 Hp: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 11 Post-COVID-19: Up to 1,000 Hp: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
6.3 1,001-5,000 Hp
6.3.1 Europe is Expected to Have the Second Largest Market Share by 2025
Table 12 1,001-5,000 Hp: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 13 Post-COVID-19: 1,001-5,000 Hp: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
6.4 5,001-10,000 Hp
6.4.1 Europe is Expected to Grow at the Second Fastest CAGR from 2020-2025
Table 14 5,001-10,000 Hp: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 15 Post-COVID-19: 5,001-10,000 Hp: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
6.5 10,001-20,000 Hp
6.5.1 Asia-Pacific is Expected to Have the Largest Market Share by 2025
Table 16 10,001-20,000 Hp: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 17 Post COVID-19: 10,001-20,000 Hp: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
6.6 Above 20,000 Hp
6.6.1 Europe is Expected to Grow at the Fastest CAGR from 2020-2025
Table 18 Above 20,000 Hp: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 19 Post-COVID-19: Above 20,000 Hp: Marine Engines Market Size, by Region, 2020-2025 (USD Million)

7 Marine Engines Market, by Vessel
7.1 Introduction
Figure 27 Marine Engines Market Share, by Vessel, 2019
Table 20 Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 21 Pre-COVID-19: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
Table 22 Post-COVID-19: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
7.2 Commercial Vessel
7.2.1 South America is Expected to Grow at the Fastest CAGR from 2020-2025
Table 23 Commercial Vessel: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 24 Post-COVID-19: Commercial Vessel: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
7.3 Offshore Support Vessel
7.3.1 Asia-Pacific is Expected to Dominate the Offshore Support Vessel Segment During the Forecast Period
Table 25 Offshore Support Vessel: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 26 Post-COVID-19: Offshore Support Vessel: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
7.4 Others
7.4.1 Europe is Expected to Have the Second Largest Market by 2025
Table 27 Others: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 28 Post-COVID-19: Others: Marine Engines Market Size, by Region, 2020-2025 (USD Million)

8 Marine Engines Market, by Fuel
8.1 Introduction
Figure 28 Marine Engines Market Share, by Fuel, 2019
Table 29 Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 30 Pre-COVID-19: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 31 Post-COVID-19: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
8.2 Heavy Fuel Oil
8.2.1 Asia-Pacific is Expected to Lead the Marine Engine Market During the Forecast Period
Table 32 Heavy Fuel Oil: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 33 Post-COVID-19: Heavy Fuel Oil: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
8.3 Intermediate Fuel Oil
8.3.1 South America is Expected to Grow at the Highest CAGR During the Forecast Period
Table 34 Intermediate Fuel Oil: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 35 Post-COVID-19: Intermediate Fuel Oil: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
8.4 Marine Diesel Oil
8.4.1 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Table 36 Marine Diesel Oil: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 37 Post-COVID-19: Marine Diesel Oil: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
8.5 Marine Gas Oil
8.5.1 Asia-Pacific is Expected to Have the Largest Market by 2025
Table 38 Marine Gas Oil: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 39 Post-COVID-19: Marine Gas Oil: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
8.6 Others
8.6.1 Europe is Expected to Grow at the Highest CAGR from During the Forecast Period
Table 40 Others: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 41 Post-COVID-19: Others: Marine Engines Market Size, by Region, 2020-2025 (USD Million)

9 Marine Engines Market, by Engine
9.1 Introduction
Figure 29 Marine Engines Market Share, by Engine, 2019
Table 42 Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 43 Pre-COVID-19: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 44 Post-COVID-19: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
9.2 Propulsion Engine
9.2.1 Gas Turbines
9.2.2 Diesel Engines
9.2.3 Steam Turbines
9.2.4 Duel-Fuel Engines
Table 45 Propulsion Engine: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 46 Post-COVID-19: Propulsion Engine: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
9.3 Auxiliary Engine
9.3.1 Asia-Pacific is Expected to Dominate the Auxiliary Engine Segment During the Forecast Period
Table 47 Auxiliary Engine: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 48 Post-COVID-19: Auxiliary Engine: Marine Engines Market Size, by Region, 2020-2025 (USD Million)

10 Marine Engines Market, by Type
10.1 Introduction
Figure 30 Marine Engines Market Share, by Type, 2019
Table 49 Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 50 Pre-COVID-19: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
Table 51 Post-COVID-19: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
10.2 Two-Stroke
10.2.1 Asia-Pacific is Expected to Grow at the Fastest CAGR During the Forecast Period
Table 52 Two-Stroke: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 53 Post-COVID-19: Two-Stroke: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
10.3 Four-Stroke
10.3.1 Europe is Expected to Have the Second Largest Market for Four-Stroke Engines by 2025
Table 54 Four-Stroke: Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 55 Post-COVID-19: Four-Stroke: Marine Engines Market Size, by Region, 2020-2025 (USD Million)

11 Marine Engines Market, by Region
11.1 Introduction
Figure 31 Regional Snapshot: Marine Engines Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Marine Engines Market Share (Value), by Region, 2025
Table 56 Marine Engines Market Size, by Region, 2016-2019 (USD Million)
Table 57 Pre-COVID-19: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
Table 58 Post-COVID-19: Marine Engines Market Size, by Region, 2020-2025 (USD Million)
11.2 Asia-Pacific
Figure 33 Asia-Pacific: Regional Snapshot, 2019
Table 59 Asia-Pacific: Marine Engines Market Size, by Country, 2016-2019 (USD Million)
Table 60 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Country, 2020-2025 (USD Million)
Table 61 Asia-Pacific: Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 62 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 63 Asia-Pacific: Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 64 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
Table 65 Asia-Pacific: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 66 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 67 Asia-Pacific: Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 68 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 69 Asia-Pacific: Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 70 Post-COVID-19: Asia-Pacific: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
11.2.1 China
11.2.1.1 Strong Economic Growth and Supportive Government Policies for the Shipbuilding Industry is Expected to Drive the Chinese Marine Engines Market
Table 71 China: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 72 Post-COVID-19: China: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.2.2 India
11.2.2.1 India Has a Fast-Growing Shipbuilding Industry, Mainly for Domestic Consumption due to a Growing Economy and Rising Manufacturing and Export of Finished Goods
Table 73 India: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 74 Post-COVID-19: India: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.2.3 Japan
11.2.3.1 Japan Has a History of Shipbuilding and is the Largest Shipbuilding Country in the World
Table 75 Japan: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 76 Post-COVID-19: Japan: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.2.4 South Korea
11.2.4.1 Shipbuilding Industry in South Korea is Supported by the Government Through Tax Rebates and Tax Incentive Packages
Table 77 South Korea: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 78 Post-COVID-19: South Korea: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.2.5 Australia
11.2.5.1 Commercial Vessel Segment for Marine Engines in Australia is Mainly Driven by Large Exports of Coal and Metals, Creating a Demand for Bulkers, Containerships, and General Cargo Vessels
Table 79 Australia: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 80 Post-COVID-19: Australia: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.2.6 Rest of Asia-Pacific
11.2.6.1 Singapore, Being an Important Port for the World's Maritime Trade, Has a Developed Shipbuilding Industry and a Large Domestic Demand for Commercial Vessels
Table 81 Rest of Asia-Pacific: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 82 Post-COVID-19: Rest of Asia-Pacific: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.3 North America
Table 83 North America: Marine Engines Market Size, by Country, 2016-2019 (USD Million)
Table 84 Post-COVID-19: North America: Marine Engines Market Size, by Country, 2020-2025 (USD Million)
Table 85 North America: Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 86 Post-COVID-19: North America: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 87 North America: Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 88 Post-COVID-19: North America: Marine Engines Market Size,By Vessel, 2020-2025 (USD Million)
Table 89 North America: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 90 Post-COVID-19: North America: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 91 North America: Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 92 Post-COVID-19: North America: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 93 North America: Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 94 Post-COVID-19: North America: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
11.3.1 US
11.3.1.1 US Procures Most of Its Commercial and Offshore Support Vessels from the Shipbuilding Hubs of China, South Korea, and Japan
Table 95 US: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 96 Post-COVID-19: US: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.3.2 Canada
11.3.2.1 The Canadian Government Plans to Invest in Building Offshore Vessels and Joint Support Vessels, Which Would Lead to Positive Growth of the Shipbuilding Sector in Canada
Table 97 Canada: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 98 Post-COVID-19: Canada: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.3.3 Mexico
11.3.3.1 Heavy Fuel Oil Segment is Expected to Dominate the Marine Engines Market in Mexico
Table 99 Mexico: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 100 Post-COVID-19: Mexico: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.4 Europe
Figure 34 Europe: Regional Snapshot, 2019
Table 101 Europe: Marine Engines Market Size, by Country, 2016-2019 (USD Million)
Table 102 Post-COVID-19: Europe: Marine Engines Market Size, by Country, 2020-2025 (USD Million)
Table 103 Europe: Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 104 Post-COVID-19: Europe: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 105 Europe: Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 106 Post-COVID-19: Europe: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
Table 107 Europe: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 108 Post-COVID-19: Europe: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 109 Europe: Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 110 Post-COVID-19: Europe: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 111 Europe: Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 112 Post-COVID-19: Europe: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
11.4.1 Germany
11.4.1.1 German Shipbuilding Industry is on the Verge of Big Changes Because of New Developments Approved by the Government, Which Would Help the Domestic Shipbuilding Industry to Grow
Table 113 Germany: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 114 Post-COVID-19: Germany: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.4.2 Italy
11.4.2.1 Italy is the Leading Country for Fishing Ships and Cruise Liners and Has the Largest Ferry Fleet in Europe
Table 115 Italy: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 116 Post-COVID-19: Italy: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.4.3 Poland
11.4.3.1 Increase in Shipbuilding Activities Would Drive the Marine Engines Market in Poland
Table 117 Poland: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 118 Post-COVID-19: Poland: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.4.4 Netherlands
11.4.4.1 The Netherlands Has Europe's Largest Inland Shipping Fleet with the World's Leading Manufacturers of High-End Yachts and Special Vessels
Table 119 Netherlands: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 120 Post-COVID-19: Netherlands: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.4.5 Rest of Europe
11.4.5.1 Norway, Finland, and Spain are Expected to Lead the Marine Engines Market in the Rest of Europe
Table 121 Rest of Europe: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 122 Post-COVID-19: Rest of Europe: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5 Middle East & Africa
Table 123 Middle East & Africa: Marine Engines Market Size, by Country, 2016-2019 (USD Million)
Table 124 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Country, 2020-2025 (USD Million)
Table 125 Middle East & Africa: Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 126 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 127 Middle East & Africa: Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 128 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
Table 129 Middle East & Africa: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 130 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 131 Middle East & Africa: Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 132 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 133 Middle East & Africa: Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 134 Post-COVID-19: Middle East & Africa: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
11.5.1 Saudi Arabia
11.5.1.1 Heavy Fuel Oil Segment is Expected to be the Fastest-Growing Market in Saudi Arabia
Table 135 Saudi Arabia: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 136 Post-COVID-19: Saudi Arabia: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.2 UAE
11.5.2.1 Shipbuilding Industry in the UAE Still Requires Some Reforms and Infrastructural Investments to Ensure Growth in the Future
Table 137 UAE: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 138 Post-COVID-19: UAE: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.3 Iran
11.5.3.1 Maritime Activities Would Drive the Marine Engines Market
Table 139 Iran: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 140 Post-COVID-19: Iran: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.4 Qatar
11.5.4.1 Demand for Lng and Lpg Carriers is Expected to Drive the Qatar Marine Engines Market
Table 141 Qatar: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 142 Post-COVID-19: Qatar: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.5 Nigeria
11.5.5.1 Increasing Demand for Gas Carrier Vessels and Offshore Support Vessels Offers a Lucrative Market for Marine Engines in Nigeria
Table 143 Nigeria: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 144 Post-COVID-19: Nigeria: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.6 South Africa
11.5.6.1 Low Production Cost and Increased Investment in the Manufacturing Sector Would Drive the South African Marine Engines Market
Table 145 South Africa: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 146 Post-COVID-19: South Africa: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.5.7 Rest of Middle East & Africa
11.5.7.1 Egypt and Israel are Expected to Drive the Rest of the Middle East & African Marine Engines Market
Table 147 Rest of Middle East & Africa: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 148 Post-COVID-19: Rest of Middle East & Africa: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.6 South America
Table 149 South America: Marine Engines Market Size, by Country, 2016-2019 (USD Million)
Table 150 Post-COVID-19: South America: Marine Engines Market Size, by Country, 2020-2025 (USD Million)
Table 151 South America: Marine Engines Market Size, by Power Range, 2016-2019 (USD Million)
Table 152 Post-COVID-19: South America: Marine Engines Market Size, by Power Range, 2020-2025 (USD Million)
Table 153 South America: Marine Engines Market Size, by Vessel, 2016-2019 (USD Million)
Table 154 Post-COVID-19: South America: Marine Engines Market Size, by Vessel, 2020-2025 (USD Million)
Table 155 South America: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 156 Post-COVID-19: South America: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
Table 157 South America: Marine Engines Market Size, by Engine, 2016-2019 (USD Million)
Table 158 Post-COVID-19: South America: Marine Engines Market Size, by Engine, 2020-2025 (USD Million)
Table 159 South America: Marine Engines Market Size, by Type, 2016-2019 (USD Million)
Table 160 Post-COVID-19: South America: Marine Engines Market Size, by Type, 2020-2025 (USD Million)
11.6.1 Brazil
11.6.1.1 Brazil Has Significant Offshore Oil & Gas Activity, Creating a Demand for Offshore Support Vessels and Commercial Vessels
Table 161 Brazil: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 162 Post-COVID-19: Brazil: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.6.2 Argentina
11.6.2.1 The Key Driver for Growth in the Country's Marine Shipbuilding Industry Come from the Country's Government Investment
Table 163 Argentina: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 164 Post-COVID-19: Argentina: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)
11.6.3 Rest of South America
11.6.3.1 Venezuela, Colombia, and Peru are Expected to Lead the Rest of the South American Market
Table 165 Rest of South America: Marine Engines Market Size, by Fuel, 2016-2019 (USD Million)
Table 166 Post-COVID-19: Rest of South America: Marine Engines Market Size, by Fuel, 2020-2025 (USD Million)

12 Competitive Landscape
12.1 Overview
Figure 35 Key Developments in the Marine Engines Market, 2016-2020
12.2 Market Share Analysis
Figure 36 Ranking of Key Players, 2019
12.3 Competitive Scenario
Figure 37 Marine Engines Market Competitive Leadership Mapping, 2019
Table 167 MAN SE Was Most Active Player in Market During 2016-2020
12.3.1 New Product Developments
12.3.2 Mergers & Acquisitions
12.3.3 Contracts & Agreements
12.3.4 Expansions & Investments
12.3.5 Others

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
13.1 MAN SE
Figure 38 MAN SE: Company Snapshot
13.2 Wärtsilä
Figure 39 Wärtsilä: Company Snapshot
13.3 Caterpillar
Figure 40 Caterpillar: Company Snapshot
13.4 Volvo Group
Figure 41 Volvo Group: Company Snapshot
13.5 Deutz AG
Figure 42 Deutz AG: Company Snapshot
13.6 Hyundai Heavy Industries
Figure 43 Hyundai Heavy Industries: Company Snapshot
13.7 Cummins
Figure 44 Cummins: Company Snapshot
13.8 Rolls-Royce
Figure 45 Rolls-Royce: Company Snapshot
13.9 John Deere
Figure 46 John Deere: Company Snapshot
13.10 Yanmar Holdings
Figure 47 Yanmar Holdings: Company Snapshot
13.11 Mitsubishi Heavy Industries
Figure 48 Mitsubishi Heavy Industries: Company Snapshot
13.12 GE Transportation
13.13 Daihatsu Diesel MFG
13.14 IHI Power System
13.15 Fairbanks Morse
13.16 Japan Engine Corporation
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies

14.1 Introduction
14.2 Limitations
14.3 Marine Interconnected Markets
14.4 Marine Engine Monitoring System Market
14.4.1 Market Definition
14.4.2 Limitation
14.4.3 Market Overview
Figure 49 Marine Engine Monitoring System Market 2018-2025
14.4.4 Marine Engine Monitoring System Market, by Engine Type
14.4.4.1 Propulsion
Table 168 Propulsion Engine: Marine Engine Monitoring System Market, by Region, 2016-2025 (USD Million)
14.4.4.2 Auxiliary Engine
Table 169 Auxiliary Marine Engine: Marine Engine Monitoring System Market, by Region, 2016-2025 (USD Million)
14.4.5 Marine Engine Monitoring System Market, by Region
14.4.5.1 Asia-Pacific
Table 170 Asia-Pacific: Marine Engine Monitoring System Market Size, by Ship Type, 2016-2025 (USD Million)
14.4.5.2 Europe
Table 171 Europe: Marine Engine Monitoring System Market Size, by Ship Type, 2016-2025 (USD Million)
14.4.5.3 North America
Table 172 North America: Marine Engine Monitoring System Market Size, by Ship Type, 2016-2025 (USD Million)
14.4.5.4 Rest of the World
Table 173 Rest of the World: Marine Engine Monitoring System Market Size, by Ship Type, 2016-2025 (USD Million)
14.5 Marine Propeller Market
14.5.1 Market Definition
14.5.2 Limitation
14.5.3 Market Overview
Figure 50 Marine Propeller Market 2015-2022
14.5.4 Marine Propeller Market, by Type
14.5.4.1 Propellers
Table 174 Propellers Segment, by Subtype, 2015-2022 (USD Million)
14.5.4.2 Thrusters
Table 175 Thrusters Segment, by Subtype, 2015-2022 (USD Million)
14.5.5 Marine Propeller Market, by Region
14.5.5.1 Asia-Pacific
Table 176 Asia: Marine Propeller Market Size, by Type, 2015-2022 (USD Million)
14.5.5.2 North America
Table 177 North America: Marine Propeller Market Size, by Type, 2015-2022 (USD Million)
14.5.5.3 Europe
Table 178 Europe: Marine Propeller Market Size, by Type, 2015-2022 (USD Million)
14.5.5.4 Rest of the World
Table 179 Rest of the World: Marine Propeller Market Size, by Type, 2015-2022 (USD Million)
14.6 Marine Gensets Market
14.6.1 Market Definition
14.6.2 Limitation
14.6.3 Market Overview
Figure 51 Marine Propeller Market 2015-2022
14.6.4 Marine Gensets Market, by Fuel Type
14.6.4.1 Diesel
Table 180 Diesel: Marine Gensets Market, by Region, 2014-2021 (USD Million)
14.6.4.2 Gas
Table 181 Gas: Marine Gensets Market, by Region, 2014-2021 (USD Million)
14.6.4.3 Hybrid
Table 182 Hybrid: Marine Gensets Market, by Region, 2014-2021 (USD Million)
14.6.5 Marine Gensets Market, by Region
14.6.5.1 North America
Table 183 North America: Marine Gensets Market, by Fuel, 2014-2021 (USD Million)
14.6.5.2 South America
Table 184 South America: Marine Gensets Market, by Fuel, 2014-2021 (USD Million)
14.6.5.3 Europe
Table 185 Europe: Marine Gensets Market, by Fuel, 2014-2021 (USD Million)
14.6.5.4 Asia-Pacific
Table 186 Asia-Pacific: Marine Gensets Market, by Fuel, 2014-2021 (USD Million)
14.6.5.5 Middle East
Table 187 Middle East: Marine Gensets Market, by Fuel, 2014-2021 (USD Million)
14.6.5.6 Africa
Table 188 Africa: Marine Gensets Market, by Fuel, 2014-2021 (USD Thousand)

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: The Subscription Portal
15.4 Available Customizations

Note: Product cover images may vary from those shown
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  • Caterpillar
  • Cummins
  • Daihatsu Diesel MFG
  • Deutz AG
  • Fairbanks Morse
  • GE Transportation
  • Hyundai Heavy Industries
  • IHI Power System
  • Japan Engine Corporation
  • John Deere
  • MAN SE
  • Mitsubishi Heavy Industries
  • Rolls-Royce
  • Volvo Group
  • Wärtsilä
  • Yanmar Holdings
Note: Product cover images may vary from those shown
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