Global Marine Propulsion Engine Market Outlook to 2026

DUBLIN, 25 November 2021 / PRNewswire / – The report “Marine Propulsion Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” has been added to offer.

The global marine propulsion engine market has shown moderate growth during the period 2015-2020. A marine propulsion engine burns fuel and allows ships to move on water. It includes piston, valves, towers, housings, bearings, base plates, housings, crankshafts, flywheels, generators, transformers, gearboxes, control panels , rotor blades, electrical controls, cylinder blocks and liners. It has generators that supply the motors with electricity and can run on heavy fuel oil or diesel. Nowadays, it is widely used in modern merchant ships and offshore support vessels as the main engines across the world.

The increase in international trade due to increasing globalization and industrialization increases the demand for container ships to transport a variety of products, such as petroleum, natural gas, minerals and consumer products. This represents one of the major factors boosting the growth of the global marine propulsion engines market. In addition, increasing attention to reducing fossil fuel consumption and improving energy efficiency is intensifying the adoption of marine electric propulsion engines around the world.

Apart from this, the advent of nuclear propulsion and the growing preference for liquefied natural gas (LNG) are further contributing to the growth of the market. In addition to this, technological advancements and growing environmental awareness are leading to the use of alternative fuels, such as biomethane and algal oils, to power marine propulsion engines with gas emissions. minimum exhaust. In addition, market players are focused on improving the efficiency of marine propulsion engines to increase the cargo storage capacity of new generation tankers, which is expected to fuel the market growth. Looking ahead, the publisher expects the global marine propulsion engine market to grow at a CAGR of 3.5% during 2021-2026.

Competitive landscape:

The report also analyzed the competitive landscape of the market with some of the major players being AB Volvo, Caterpillar Inc., Cummins Inc., Fairbanks Morse, Hyundai Heavy Industries Group, Man SE (Volkswagen Group), Masson Marine, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc and Wartsila Oyj Abp.

Key questions addressed in this report:

  • How has the global marine propulsion engine market performed so far and how will it perform in the years to come?
  • What has been the impact of COVID-19 on the global marine propulsion engine market?
  • What are the main regional markets?
  • What is the distribution of the market according to the type of engine?
  • What is the distribution of the market according to the energy source?
  • How is the market split according to the power range?
  • What is the distribution of the market according to the type of vessel?
  • What are the different stages of the industry value chain?
  • What are the main factors and challenges for the industry?
  • What is the structure of the global marine propulsion engines market and who are the major players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Marine Propulsion Engine Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market breakdown by engine type
6.1 2-stroke engine
6.1.1 Market trends
6.1.2 Market Forecast
6.2 4-stroke engine
6.2.1 Market trends
6.2.2 Market Forecast

7 Market breakdown by power source
7.1 Diesel
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Gas turbine
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Natural gas
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Steam turbine
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Fuel cell
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market Forecast

8 Market breakdown by power range
8.1 80-750 HP
8.1.1 Market trends
8.1.2 Market Forecast
8.2 751-5000 HP
8.2.1 Market trends
8.2.2 Market Forecast
8.3 5001-10000 HP
8.3.1 Market trends
8.3.2 Market Forecast
8.4 10001-2000 hp
8.4.1 Market trends
8.4.2 Market Forecast
8.5 Above 20,000 HP
8.5.1 Market trends
8.5.2 Market Forecast

9 Market breakdown by type of vessel
9.1 Bulk carriers
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Container ships
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Passenger ships
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Support vessels
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Tanks
9.5.1 Market trends
9.5.2 Market Forecast
9.6 Gas carriers
9.6.1 Market trends
9.6.2 Market Forecast
9.7 Military vessels
9.7.1 Market trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market trends
9.8.2 Market Forecast

10 Market breakdown by region

11 SWOT Analysis

12 Value chain analysis

13 Porters Five Forces Analysis

14 Price analysis

15 Competitive landscape
15.1 Market structure
15.2 Key players
15.3 Profiles of key players
15.3.1 AB Volvo Company presentation Product portfolio Finances SWOT Analysis
15.3.2 Caterpillar Inc. Company overview Product portfolio Finances SWOT Analysis
15.3.3 Cummins Inc. Company overview Product portfolio Finances SWOT Analysis
15.3.4 Fairbanks Morse Company overview Product portfolio
15.3.5 Hyundai Heavy Industries Group Company overview Product portfolio Finances
15.3.6 Man SE (Volkswagen Group) Company overview Product portfolio Finances SWOT Analysis
15.3.7 Masson Marine Company overview Product portfolio
15.3.8 Mitsubishi Heavy Industries Ltd. Company overview Product portfolio Finances SWOT Analysis
15.3.9 Rolls-Royce Plc Company overview Product portfolio
15.3.10 Wartsila Oyj Abp Company overview Product portfolio Finances SWOT Analysis

For more information on this report, visit

Media contact:

Research and markets
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SOURCE Research and Markets

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