HOME Top Market Reports Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021

Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: EP 3977

 

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The global marine engines market was valued at USD 10.72 Billion in 2015 and estimated to grow at a CAGR of 3.85% from 2016 to 2021. Rise in commercial vessels and ship-building and increased demand for pleasure vessels are the major factors driving the growth in the marine engines market.

The years considered for the study are as follows:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global marine engines market by vessel type, fuel, power, and region
  • To provide detailed information regarding major factors influencing the growth of the marine engines market (drivers, restraints, opportunities, industry-specific challenges related to the market)
  • To strategically analyze the marine engines market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product launches, mergers & acquisitions, and joint ventures & collaborations in the marine engines market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global marine engines market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing marine engines
  • Analysis of major applications of and demand for marine engines from the power utilities
  • Assessment of future trends and growth of these solutions
  • Assessment of marine engines market with respect to the marine engines used for different fuel-type
  • Study of market trends in various regions/countries supported by application of marine engines in types of commercial vessels, offshore vessels and other vessel types.
  • Study of contracts and developments related to marine engines for key players, across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing marine engines across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below shows the breakdown of primaries on the basis of company type, designation, and region, conducted during the research study.

The figure below shows the break-down of the primary respondents on the basis of company, designation, and region, conducted during the research study.

Marine Engine Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

Marine Engine Market

The ecosystem of the marine engines market begins with raw material suppliers or ancillary parts, which include piston spark plug (suppliers such as Robert Bosch), fuel pumps (suppliers such as L’Orange), crankshafts (suppliers such as Shanghai Diesel Co.), and metal enclosure (suppliers such Hatton Marine) among others. In the later stage, manufacturing of marine engines takes place where all ancillary parts are assembled. These engines are then distributed to shipbuilding companies and installed for supplying power to the vessels.

Target Audience:

The report’s target audience includes:

  • Marine engines manufacturers
  • Ship-building companies
  • Marine engines ancillary parts suppliers
  • Government and Industry Associations
  • Investment and Consulting Firms

Scope of the Report:

  • By Vessel Type
    • Commercial vessels
    • Offshore support vessels
  • By Fuel
    • Heavy Fuel Oil
    • Intermediate Fuel Oil
    • Marine Diesel Oil
    • Marine Gas Oil
  • By Power
    • Up to 1,000 HP
    • 1,001 HP to 5,000 HP
    • 5,001 HP to 10,000 HP
    • 10,001 to 20,000 HP
    • Above 20,000 HP
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East and Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analysis
  • Further breakdown of region based on sub-segment of application (by vessel type)
  • Regional analysis of fuel type, and power

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Power Rating-wise Analysis

  • Further breakdown of HP range
  • Detailed analysis as per speed of marine engines for particular HP range

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 28)
    3.1 Historical Backdrop, Evolution, & Current Scenario
    3.2 Future Outlook
    3.3 Conclusion

4 Premium Insights (Page No. - 33)
    4.1 Attractive Growth Opportunities in the Marine Engines Market
    4.2 By Application
    4.3 Asia-Pacific Marine Engines Market, 2016
    4.4 Europe is Expected to Have A Significant Growth During the Forecast Period
    4.5 Marine Engine Life Cycle

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Regulation and Policies
           5.2.1 Nox Emission Standards
           5.2.2 Sulfur Norms
           5.2.3 Greenhouse Gas Emissions
    5.3 Price Analysis
    5.4 Marine Engine: Market Segmentation
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Rise in Demand for Commercial Vessels Due to Increase in Seaborne Trade
                    5.5.1.2 Growing Demand for Pleasure Vessels
           5.5.2 Restraints
                    5.5.2.1 Stringent Emission Norms for Diesel-Engine
                    5.5.2.2 Oil Industry Slowdown
           5.5.3 Opportunities
                    5.5.3.1 Rising Demand for Hybrid-Fuel Engines
           5.5.4 Challenges
                    5.5.4.1 Remanufactured Or Low Cost Engines

6 Marine Engines Market, By Power (Page No. - 45)
    6.1 Introduction
    6.2 Up to 1,000 HP
    6.3 1,001 HP to 5,000 HP
    6.4 5,001 HP to 10,000 HP
    6.5 10,001 HP to 20,000 HP
    6.6 Above 20,000 HP

7 Marine Engines Market, By Application (Page No. - 51)
    7.1 Introduction
    7.2 Commercial Vessels
           7.2.1 Bulkers
           7.2.2 Ferries
           7.2.3 Cruise Ships
           7.2.4 Container Ships
           7.2.5 General Cargo
           7.2.6 Multi-Purpose Vessels
           7.2.7 Pure Car Carriers
           7.2.8 Reefer
           7.2.9 Roll On/Roll Out (RO-RO)
           7.2.10 Tanker
           7.2.11 Chemical Carrier
           7.2.12 Lng Carrier
           7.2.13 Lpg Carrier
           7.2.14 Product Carrier
           7.2.15 Special Carrier
           7.2.16 Other Carriers
    7.3 Offshore Support Vessels
           7.3.1 Anchor Handling Tug and Supply Vessel (AHTS)
           7.3.2 Platform Supply Vessel (PSV)
           7.3.3 Multi-Purpose Supply Vessel
           7.3.4 Standby and Rescue Vessel
           7.3.5 Crew Vessel
           7.3.6 Other Offshore Vessels
    7.4 Other Vessels
           7.4.1 Bunkering and Fleet Replenishment Vessel
           7.4.2 Dredger
           7.4.3 Landing Craft
           7.4.4 Tugs

8 Marine Engines Market, By Fuel (Page No. - 62)
    8.1 Introduction
    8.2 Heavy Fuel Oil
    8.3 Intermediate Fuel Oil
    8.4 Marine Diesel Oil
    8.5 Marine Gas Oil
    8.6 Other Fuels

9 Marine Engines Market, By Region (Page No. - 68)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 By Power
           9.2.2 By Application
           9.2.3 By Fuel
           9.2.4 By Country
                    9.2.4.1 China
                    9.2.4.2 Japan
                    9.2.4.3 South Korea
                    9.2.4.4 Australia
                    9.2.4.5 India
                    9.2.4.6 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 By Power
           9.3.2 By Application
           9.3.3 By Fuel
           9.3.4 By Country
                    9.3.4.1 Germany
                    9.3.4.2 Italy
                    9.3.4.3 The Netherlands
                    9.3.4.4 Poland
                    9.3.4.5 France
                    9.3.4.6 Rest of Europe
    9.4 North America
           9.4.1 By Power
           9.4.2 By Application
           9.4.3 By Fuel
           9.4.4 By Country
                    9.4.4.1 U.S.
                    9.4.4.2 Canada
                    9.4.4.3 Mexico
    9.5 Middle East
           9.5.1 By Power
           9.5.2 By Application
           9.5.3 By Fuel
           9.5.4 By Country
                    9.5.4.1 Iran
                    9.5.4.2 United Arab Emirates (UAE)
                    9.5.4.3 Qatar
                    9.5.4.4 Saudi Arabia
                    9.5.4.5 Rest of Middle East
    9.6 South America
           9.6.1 By Power
           9.6.2 By Application
           9.6.3 By Fuel
           9.6.4 By Country
                    9.6.4.1 Brazil
                    9.6.4.2 Argentina
                    9.6.4.3 Rest of South America
    9.7 Africa
           9.7.1 By Power
           9.7.2 By Application
           9.7.3 By Fuel
           9.7.4 By Country
                    9.7.4.1 Nigeria
                    9.7.4.2 South Africa

10 Competitive Landscape (Page No. - 101)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Contracts & Agreements
     10.4 New Product Launch
     10.5 Expansions
     10.6 Other Developments

11 Company Profile (Page No. - 108)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Introduction
     11.2 Caterpillar, Inc.
     11.3 Man Diesel & Turbo Se
     11.4 Wartsila
     11.5 Mitsubishi Heavy Industries
     11.6 Rolls-Royce Power Systems AG
     11.7 Brunswick Corporation
     11.8 Volvo Group
     11.9 Cummins, Inc.
     11.10 GE Transportation
     11.11 Yanmar Co., Ltd.
     11.12 Scania AB
     11.13 John Deere
     11.14 Daihatsu Diesel MFG. Co. Ltd.
     11.15 Dresser-Rand
     11.16 Deutz AG

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 156)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Introducing RT: Real-Time Market Intelligence
     12.6 Available Customizations
     12.7 Related Reports
     12.8 Author Details


List of Tables (75 Tables)

Table 1 Engine Categories and Types
Table 2 Nox Emission Standards
Table 3 Sulfur Norms
Table 4 Marine Engines Market Size, By Power, 2014–2021 (USD Million)
Table 5 Up to 1,000 HP Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 6 1,001 HP to 5,000 HP Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 7 5,001 HP to 10,000 HP Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 8 10,001 HP to 20,000 HP Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 9 Above 20,000 HP Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 10 Marine Engines Market, By Application, 2014–2021 (USD Million)
Table 11 Marine Engines Market, By Commercial Vessels, By Region, 2014–2021 (USD Million)
Table 12 Marine Engines Market, By Commercial Vessels, 2014–2021 (USD Million)
Table 13 Marine Engines Market, By Offshore Vessels, By Region, 2014–2021 (USD Million)
Table 14 Marine Engines Market By Offshore Vessels, 2014–2021 (USD Million)
Table 15 Marine Engines By Other Vessel By Region, 2016–2021 (USD Million)
Table 16 Marine Engines Market, By Other Vessels, 2016–2021 (USD Million)
Table 17 Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 18 HFO: Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 19 IFO: Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 20 MDO: Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 21 Mgo: Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 22 Other Fuel: Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 23 Marine Engines Market Size, By Region, 2014–2021 (USD Million)
Table 24 Asia-Pacific: Marine Engines Market Size, By Power, 2014–2021 (USD Million)
Table 25 Asia-Pacific: Marine Engines Market Size, By Application, 2014–2021 (USD Million)
Table 26 Asia-Pacific: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 27 Asia-Pacific: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Table 28 China: Marine Engines Market Size, By Fuel, 2014–2021
Table 29 Japan: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 30 South Korea: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 31 Australia: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 32 India: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 33 Rest of Asia Pacific: Marine Engines Market Size, By Fuel, 2014–2021
Table 34 Europe: Marine Engines Market, By Power, 2014–2021 (USD Million)
Table 35 Europe: Marine Engines Market, By Application, 2014–2021 (USD Million)
Table 36 Europe: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 37 Europe: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Table 38 Germany: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 39 Italy: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 40 The Netherlands: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 41 Poland: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 42 France: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 43 Rest of Europe: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 44 North America: Marine Engines Market, By Power, 2014–2021 (USD Million)
Table 45 North America: Marine Engines Market, By Application, 2014–2021 (USD Million)
Table 46 North America: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 47 North America: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Table 48 U.S.: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 49 Canada: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 50 Mexico: Marine Engines Market, By Fuel, 2014–2021 (USD Million)
Table 51 Middle East: Marine Engines Market Size, By Power, 2014–2021 (USD Million)
Table 52 Middle East: Marine Engines Market Size, By Application, 2014–2021 (USD Million)
Table 53 Middle East: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 54 Iran: Marine Engines Market Size, By Fuel, 2014–2021
Table 55 UAE: Marine Engines Market Size, By Fuel, 2014–2021
Table 56 Qatar: Marine Engines Market Size, By Fuel, 2014–2021
Table 57 Saudi Arabia: Marine Engines Market Size, By Fuel, 2014–2021
Table 58 Rest of Middle East: Marine Engines Market Size, By Fuel, 2014–2021
Table 59 South America: Marine Engines Market, By Power, 2014–2021 (USD Million)
Table 60 South America: Marine Engines Market, By Application, 2014–2021 (USD Million)
Table 61 South America: Marine Engines Market Size, By Fuel, 2016–2021 (USD Million)
Table 62 South America: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Table 63 Brazil: Marine Engines Market Size, By Fuel, 2016–2021 (USD Million)
Table 64 Argentina: Marine Engines Market Size, By Fuel, 2016–2021 (USD Million)
Table 65 Rest of South America: Marine Engines Market Size, By Fuel, 2014–2021 (USD Million)
Table 66 Africa: Marine Engines Market Size, By Power, 2014–2021 (USD Million)
Table 67 Africa: Marine Engines Market Size, By Application, 2014–2021 (USD Million)
Table 68 Africa: Marine Engines Market Size, By Fuel, 2016–2021 (USD Million)
Table 69 Africa: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Table 70 Nigeria: Marine Engines Market Size, By Fuel (USD Million), 2014–2021
Table 71 South Africa: Marine Engines Market Size, By Fuel (USD Thousand) 2014–2021
Table 72 Key Contracts & Agreements
Table 73 Key New Product Launches
Table 74 Key Expansions
Table 75 Other Developments


List of Figures (49 Figures)

Figure 1 Markets Covered: Marine Engines Market
Figure 2 Marine Engines Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Estimation Approach & Data Triangulation Methodology
Figure 7 Marine Engines Market Share, By Region, 2016-2021
Figure 8 Italy and Poland to Witness Higher Growth During the Forecast Period
Figure 9 Engines in 5,001-10,000 HP Range Have the Maximum Market Share Owing to the Demand in the Seaborne Trade
Figure 10 Commercial Vessel Segment is Estimated to Be the Largest Application in 2016
Figure 11 Marine Engines Market, By Fuel, Snapshot 2016-2021
Figure 12 Top Market Developments (2013–2016)
Figure 13 Marine Engines Market Growth Opportunities, 2016-2021
Figure 14 Commercial Vessel Market for Marine Engines is Expected to Have the Largest Share During the Forecast Period
Figure 15 China is Expected to Be the Largest Market in Asia-Pacific During the Forecast Period
Figure 16 Regional Hot Spots of the Marine Engines Market– 2016 to 2021
Figure 17 Asia-Pacific is Expected to Be the Fastest Growing Market
Figure 18 Marine Engine Prices for Engines Ranging From 2500-4750 HP
Figure 19 Marine Engine Market Segmentation: By Rated Capacity, Application, Fuel, & Region
Figure 20 Market Dynamics for Marine Engine Market
Figure 21 Seaborne Trade Growth (Million Tons Loaded)
Figure 22 Asia-Pacific is Estimated to Hold the Lion’s Share of the Marine Engines Market in 2016
Figure 23 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities in 2015
Figure 24 Regional Snapshot: Europe Offered Attractive Market Opportunities in 2015
Figure 25 Middle East: Marine Engines Market Size, By Country, 2014–2021 (USD Million)
Figure 26 Companies Adopted Various Growth Strategies From 2014 to 2016
Figure 27 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted By the Top Players, 2014–2016
Figure 28 Market Share Analysis, By Revenue, 2015
Figure 29 Market Evolution Framework: Contracts & Agreements Led to Market Growth, 2014–2016
Figure 30 Regional Presence of Top Five Players
Figure 31 Caterpillar, Inc.: Company Snapshot
Figure 32 Caterpillar,Inc.: SWOT Analysis
Figure 33 Man Diesel & Turbo Se: Company Snapshot
Figure 34 Man Diesel & Turbo Se: SWOT Analysis
Figure 35 Wärtsilä: Company Snapshot
Figure 36 Wärtsilä: SWOT Analysis
Figure 37 Mitsubishi Heavy Industries: Company Snapshot
Figure 38 Mitsubishi Heavy Industries: SWOT Analysis
Figure 39 Rolls-Royce Power Systems AG: Company Snapshot
Figure 40 Rolls-Royce Power Systems AG: SWOT Analysis
Figure 41 Brunswick Corporation: Company Snapshot
Figure 42 Volvo Group: Company Snapshot
Figure 43 Cummins, Inc.: Company Snapshot
Figure 44 GE Transportation: Company Snapshot
Figure 45 Yanmar Co., Ltd.: Company Snapshot
Figure 46 Scania AB: Company Snapshot
Figure 47 John Deere: Company Snapshot
Figure 48 Daihatsu Diesel MFG. Co. Ltd.: Company Snapshot
Figure 49 Deutz AG: Company Snapshot

The global marine engines market is projected to grow at a CAGR of 3.85% from 2016 to 2021 and reach a value of USD 13.53 Billion by 2021. The growth will be mainly driven by increased commercial vessels and rise in ship-building activity.

Marine engines are used in various vessel types such as commercial vessels, offshore support vessels and other vessel types. The report indicated that high demand for commercial vessels will drive the growth in the marine engines market. The report further sub-segments commercial vessels into bulkers, container ships, cargo vessels, LNG carriers, LPG carriers, pure car carriers, chemical carriers among other commercial vessel types. The high demand for commercial vessels will be bolstered by rise in maritime trade and increased world-wide demand for natural gas.

The report also segments the marine engines market by power as well as by fuel type. The marine engines by fuel will be largely dominated by HFO-powered marine engines. However, with stringent emission norms coming into effect, there will be an increase in the demand for cleaner-fuels such as IFO, MDO, and MGO. The report also indicates the rise of gas-powered and dual-fuel marine engines with new product launches by leading players.

The report also segments the marine engines market into six regions, namely, North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. Asia-Pacific region is expected to dominate the marine engines market and is also expected to be the fastest growing in the projected period. This growth is mainly attributed to the rise of the ship-building industry, driven by the increased demand for commercial vessels. China, Japan, and South Korea will be the hot-spots for marine engines market due to the high ship-building activity in this region. China will be the fastest growing market for marine engines with growing investments in the ship-building industry.

Marine Engine Market

Slowdown in the oil & gas industry will be a factor that will affect the marine engines market. Low oil prices and decreased offshore exploration and extraction activities can lead to a slowdown in new ship-building orders and in turn restrain the marine engines market. Enforcement of stringent emission norms, especially for HFO-powered marine engines is also a factor that can greatly affect the marine engines market.

The marine engines market is dominated by global players which include, MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan) and Rolls-Royce Power Systems AG (Germany). Key strategies adopted by various companies include contracts & agreements, new product launch, expansions, mergers & acquisitions, and joint ventures. Contracts & agreements was the most commonly used strategy from 2014 to 2016, comprising of 57% of all developments, followed by new product launch which consisted of 24% of all developments during the same period.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Consult Problem Statement :

One of the leading Tier 1 companies engaged MnM to understand current & futuristic market scenario for marine engine and gensets market by application, by geography and by engine type. The key objectives were-

  1. To identify and analyse the shipbuilding scenario and factors influencing the market
  2. To identify major shipyard companies and vessels owners
  3. To identify the major marine engines and gensets applications
  4. To identify and estimate the market size for marine engines and marine gensets market segmented by application, by geographies ,by volume
  5. To identify market share for major marine engines and gensets manufacturers by value for 2013
  6. Company profile, financial overview, business segments, products offered, strategy & insights and recent developments

Solution Provided:
  1. Methodology Adopted by MnM :MnM carried out this study through a combination of Extens....
  1. Methodology Adopted by MnM :MnM carried out this study through a combination of Extensive secondary research is backed up by multiple primary interviews done with various industry experts and stakeholders within target geographies. Both, top-down and bottom-up approaches were used to cover the market. A survey was conducted to infer the buying behavior of the customers. With the extensive secondary research and primary the count of vessels were determine in different applications and accordingly number of engines and gensets were estimated.
  2. Actual Solution Provided: - The report starts with the shipbuilding market dynamics. It covers the various new trends, regulations and drivers of the shipbuilding industry. Further, the applications are segmented on the basis of Engine Speed (High and Medium) and Geography (China, Europe, Rest of Asia, North America and South America). Along with different segmentation, analysis for high business growth opportunities, competitive analysis & positioning, presence of local players, market share analysis, the buying behavior of customers and in-depth competitors’ analysis and benchmarking.

Value Delivered:

Through the detailed outcome of the study, MnM’s client was able to understand the overall market scenario for marine engine and gensets market. The granular set of information and recommendations shared by MnM assisted the client to expand its business in the particular geography along with application and engine type.

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