Marine Engine Market: 2019 Global Industry Size, Share, Trends, Growth Application, Emerging Demand And Opportunity Forecast To 2023
Market Research Future has published research report on the Global Marine Engine Market.
Market Synopsis:
Market Research Future (MRFR)’s assessment reveals that the global marine engine market is set to expand at a CAGR of 4.5% during the forecast period 2017 to 2023. The growth of the shipbuilding activities across the world is expected to dictate the growth trajectory of the global market. The inclusion of characteristics, such as fuel efficiency, high performance, easy maintenance, durability, etc. that are ideal for marine applications are poised to augment the market over the next couple of years.
The rising demand for luxury vessels such as cruise and yachts and increase in the number of marine travelers are anticipated to propel the expansion of the marine engine market in the forthcoming years. In addition, the growing demand for commercial vessels such as gas carriers and bulk carriers has also been predicted to influence market proliferation positively.
Market Segmentation:
By power, the global marine engine market is segmented into Up to 1,000 HP, 1,001 HP to 5,000 HP, 5,001 HP to 10,000 HP, 10,001 HP to 20,000 HP and Above 20,000 HP.
By application, the marine engine market has been segmented into commercial vessels, offshore support vessels, and other vessels.
By fuel, the global marine engine market has been segmented into heavy fuel oil, intermediate fuel oil, marine diesel oil, marine gas oil, and other fuels.
Regional Analysis:
The global marine engine market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, Asia Pacific is expected to dominate the global market and retain its position through the forecast period. It is also likely to emerge as the fastest growing regional market for marine engines in the upcoming years. The drastic increase in the shipbuilding activities is prognosticated to drive the expansion of the marine engine market in the region. The growth of the marine engine market in the region can be ascribed to the flourishing shipbuilding industry in countries such as South Korea, Japan, and China among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/marine-engine-market-1988
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Company Name: Market Research Future
Email: sales@marketresearchfuture.com
Address: Market Research Future Office No. 528,
Amanora Chambers Magarpatta, Road, Pune, India.,
Phone: +1 646 845 9312
Market Synopsis:
Market Research Future (MRFR)’s assessment reveals that the global marine engine market is set to expand at a CAGR of 4.5% during the forecast period 2017 to 2023. The growth of the shipbuilding activities across the world is expected to dictate the growth trajectory of the global market. The inclusion of characteristics, such as fuel efficiency, high performance, easy maintenance, durability, etc. that are ideal for marine applications are poised to augment the market over the next couple of years.
The rising demand for luxury vessels such as cruise and yachts and increase in the number of marine travelers are anticipated to propel the expansion of the marine engine market in the forthcoming years. In addition, the growing demand for commercial vessels such as gas carriers and bulk carriers has also been predicted to influence market proliferation positively.
Market Segmentation:
By power, the global marine engine market is segmented into Up to 1,000 HP, 1,001 HP to 5,000 HP, 5,001 HP to 10,000 HP, 10,001 HP to 20,000 HP and Above 20,000 HP.
By application, the marine engine market has been segmented into commercial vessels, offshore support vessels, and other vessels.
By fuel, the global marine engine market has been segmented into heavy fuel oil, intermediate fuel oil, marine diesel oil, marine gas oil, and other fuels.
Regional Analysis:
The global marine engine market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, Asia Pacific is expected to dominate the global market and retain its position through the forecast period. It is also likely to emerge as the fastest growing regional market for marine engines in the upcoming years. The drastic increase in the shipbuilding activities is prognosticated to drive the expansion of the marine engine market in the region. The growth of the marine engine market in the region can be ascribed to the flourishing shipbuilding industry in countries such as South Korea, Japan, and China among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/marine-engine-market-1988
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Company Name: Market Research Future
Email: sales@marketresearchfuture.com
Address: Market Research Future Office No. 528,
Amanora Chambers Magarpatta, Road, Pune, India.,
Phone: +1 646 845 9312
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