Marine Engines Market

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Marine Engines Market by Power (<1, 1-5, 5-10, 10-20 & >20) 000 hp, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel and Gas Oil), Engine (Propulsion & Auxiliary), Type, and Region - Global Forecast to 2025

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Report Code: EP 3977 Dec, 2020, by marketsandmarkets.com

[224 Pages Report] The global marine engines market size 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 to 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.

Marine Engine Market

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COVID-19 Impact on the Global Marine Engines Market

The most significant near-term impact on marine engines will be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because nations have shuttered industries to slow the spread of coronavirus or because the workers have tested positive. With the combined effects of the pandemic and slump in global oil prices, investments are likely to contract sharply this year, especially in offshore support vessels. With the ongoing economic downturn, halt in production, and lockdowns, the demand for commercial vessels is facing a downturn. In addition, the cancelation of cruise ships and the slowdown in international trade investments in commercial vessels is also expected to affect the demand for marine engines. Recovery is expected in the second half of the year, provided there is no emergence of another wave of the epidemic, and countries manage to control the spread quickly and resume normalcy.

Marine Engines Market Dynamics

Driver:Growth in international marine freight transport

Maritime transport is considered to be the backbone of international trade. According to data published by the International Chamber of Shipping (UK), approximately 90% of the global volume of merchandise trade is carried out via sea, as this channel is cheaper than rail and road transport. Countries in Asia Pacific have become the leading providers of manufactured goods. Thus, the demand for container ships is significantly high in this region, owing to an increase in the export of goods. Most shipbuilding companies, including manufacturers of propulsion systems and engines, are located in Asia Pacific. Thus, the demand for maritime transport services and the growth of the shipping industry in Asia Pacific have contributed to the increasing demand for marine engines.

Restraints: Stringent environmental regulations worldwide

Environmental regulations, policies, and subsidy schemes vary country-wise based on the intensity of emissions caused by harmful gases such as SOx, NOx, and CO2. For instance, MARPOL Annex VI guidelines released by the International Maritime Organization (UK), in 2005, defined the limits for NOx emissions and mandated the use of fuels with low sulfur content. These guidelines are applicable to vessels and ships trading in the US waters as well as within 200 nautical miles of the coast of North America, which is also known as the North American Emission Control Area (ECA). Ship components� manufacturers are focused on the development of marine propulsion systems that comply with various environmental regulations formulated by governments of countries worldwide.

Opportunities: Rising demand for dual-fuel engines

A marine engine is a very important part of ships and boats. Currently, many companies are spending on the research & development of engines to get the maximum mileage and power at the minimum cost. Alternative fuel is also required to run an engine because of the higher cost and low availability of petroleum fuel (diesel and petrol). Many engines are developed that can run on an alternative fuel. A dual-fuel engine is a compression ignition engine. It runs on 2 fuels to complete a power stroke. It uses gaseous fuel as the main fuel and diesel fuel as pilot fuel. Heavy fuel and marine gas/diesel oil are the 2 fuels that are mostly used simultaneously. In general, during offshore sailing, heavy oil is used because of its low cost. On the other hand, marine gas oil is used when sailing near land. Nearly all new engines are manufactured to handle both fuels. This hybrid system offers an economical option for vessel operators to comply with the emission norms.

Challenges: Shipping overcapacity

Shipping overcapacity refers to the oversupply of shipping vessels against demand. The anticipation of continued expansion in trading activities, for which new vessels are ordered to cater to the expected demand, is one of the major factors that has led to shipping overcapacity. New energy-efficient vessels are being developed to replace old vessels. However, a few of the old vessels have not been scrapped, owing to their low scrapping value. These vessels are sold in the market, thereby adding more tonnage to the already oversupplied market. The overcapacity in the shipping industry has led to a decline in the number of orders for new vessels, despite growth in the international marine freight traffic. Thus, a reduction in the new shipbuilding orders is anticipated to act as a key challenge for the growth of the marine engines market.

Marine Engine Market Interconnection

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By power range, the 5001-10,000 hp segment is the largest contributor in the marine engine market during the forecast period.

The 5001-10,000 hp segment is expected to lead the marine engines market from 2020 to 2025. This segment is driven by the usage in commercial medium-sized passenger ferries, military patrol boats, and maritime tourism.

By vessel, commercial are expected to be the largest contributor in the marine engine market during the forecast period.

The commercial segment is estimated to account for the largest size of the marine engines market in 2020, and this trend is expected to continue during the forecast period. This growth is attributed to the increasing international freight trade and cargo movement aided by the installation of advanced electrical devices because of the aging infrastructure.

The heavy fuel oil marine engine segment is expected to be the largest contributor during the forecast period by fuel.

The heavy fuel oil segment of marine engine market accounted for the largest share in 2019, and this trend is expected to continue during the forecast period. The growth of the heavy fuel oil segment is attributed to its use in the medium- and low-speed engines in the marine engines market.

Marine Engine Market by Region

Asia Pacifi is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest 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 expected to lead the marine engines market during the forecast period. Countries in the region such as China, Japan, and South Korea are considered as major manufacturing hubs for marine engines and offer high-growth opportunities for the marine engines market. Rising investments in shipbuilding, and commercial freight transport in the key markets offer high-growth opportunities for the marine engines market in Asia Pacific.

Scope of the Report

Report Metric	Details
Market Size available for years	2016�2025
Base year considered	2019
Forecast period	2020�2025
Forecast units	Value (USD)
Segments covered	By power range, engine, vessel, type, fuel, and region
Geographies covered	Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies covered	Hyundai Heavy Industries (South Korea), Caterpillar (US), MAN SE (Germany), Mitsubishi Heavy Industriews (Japan), Volvo Penta (Sweden), Rolls-Royce (UK), Cummins (US), Wartsila (Finland), GE Transportation (US), Deutz AG (Germany), and others

This research report categorizes the marine engines market based on

Based on Power Range:

Up to 1000 hp
1001 � 5000 hp
5001 � 10000 hp
10001 � 20000 hp
Above 20000 hp

Based on engine:

Propulsion Engine
Auxillary Engine

Based on Vessel:

Commercial Vessel
Offshore Support Vessel
Others

Based on the type:

Two-stroke
Four-stroke

Based on the Fuel:

Heavy Fuel oil
Intermediate Fuel Oil
Marine Diesel Oil
Marine Gas Oil
Other

Based on the Region:

North America
Europe
Asia Pacific
Middle East & Africa
South America

Recent Developments

In January 2019, Hyundai Heavy Industries formally took over Daewoo Shipbuilding & Marine Engineering (DSME) with a 55.7% stake in the company, which would be worth USD 1.08 billion. This acquisition is expected to further strengthen the market position of Hyundai Heavy Industries.
In February 2019, MAN Diesel & Turbo SE won the contract to supply the engines for a new harbor tug in Spain, which would be operated by P&O Reyser in the Port of Barcelona, which is expected to enter service from mid-2020.
In February 2019, MAN Diesel & Turbo has won the order to supply 18 TIER II-compliant main engines for lane-metre RoRo vessels intended for operation in the Mediterranean Sea.
In January 2019, W�rtsil� received an order to supply Castle Hill, Fraserburgh with a ship design, a W�rtsil� 32 main engine, and all equipment for the ship.

Frequently Asked Questions (FAQ):

What is the current size of the marine engines market?

The global marine engines market current size is estimated to be USD 13.7 billion in 2020.

What are the major drivers for the marine engines market?

Growth in international marine freight transport, and growth in marine tourism are the key drivers expected to contribute to the market growth of marine engine market.

What is the COVID-19 impact on Marine Engines Market?

The most significant near-term impact on marine engines will be felt through supply chains. With the combined effects of the pandemic and slump in global oil prices, investments are likely to contract sharply this year, especially in offshore support vessels. With the ongoing economic downturn, halt in production, and lockdowns, the demand for commercial vessels is facing a downturn.

Which is the fastest-growing region during the forecasted period in the marine engines market?

Asia Pacific is expected to be the fastest-growing region during the forecasted period due to increasing international marine freight transport and growing marine tourism.

Which is the largest segment, by fuel during the forecasted period in the marine engines market?

The heavy fuel oil segment of marine engine market is expected to be the largest segment during the forecast period. The growth of the heavy fuel oil segment is attributed to its use in the medium- and low-speed engines in the marine engines market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    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 (Page No. - 37)
    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 (Page No. - 42)
    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 (Page No. - 47)
    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 (Page No. - 53)
    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 (Page No. - 63)
    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 (Page No. - 71)
    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 (Page No. - 77)
    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 (Page No. - 85)
    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 (Page No. - 91)
     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 (Page No. - 96)
     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 (Page No. - 155)
     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 (Page No. - 161)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     13.1 MAN SE
          FIGURE 38 MAN SE: COMPANY SNAPSHOT
     13.2 W�RTSIL�
          FIGURE 39 W�RTSIL�: 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, MNM view might not be captured in case of unlisted companies.

14 ADJACENT & RELATED REPORTS (Page No. - 200)
     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 (Page No. - 216)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS� SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the marine engines market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved extensive secondary sources, directories, and databases, such as Hoover�s, 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. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The marine engines market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. This market's demand-side is characterized by its end-users, such as ship building companies, boats and yacht builders among others. The supply-side is characterized by marine engines manufacturers and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Marine Engine Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global marine engines market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The industry and market's key players have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
In terms of value, the industry�s supply chain and market size have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Marine Engine Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size�using the market size estimation processes as explained above�the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

To define and describe the global marine engines market by power range, engine, vessel, type, fuel, and region.
To provide detailed information about the major factors influencing the market (drivers, restraints, opportunities, and industry-specific challenges).
To strategically analyze the global marine engines market with respect to individual growth trends, future expansions, and each segment's contribution to the market.
The impact of the COVID-19 pandemic on the marine engines market has been analyzed to estimate the market size.
To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
To forecast the growth of the global marine engines market with respect to the main regions (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
To profile and rank key players and comprehensively analyze their market share.
To analyze competitive developments such as contracts & agreements, product launches, and mergers & acquisitions in the marine engines market.

Available Customizations:

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