(MENAFN - GetNews) Global Marine Diesel Engine Market Research Report Segmented By Type (Auxiliary and Propulsion), By Speed (Low-Speed, Medium-Speed and High-Speed), By Stroke (2-Stroke and 4-Stroke), By Application (Cargo Ship, Cruise Ship and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa and Latin America) - Forecast Till 2023
Market Research Future (MRFR) in its latest study finds that the global marine diesel engine market is set to reach a valuation in excess of USD 6,300 Mn by 2023, growing at a CAGR of 3.83% during the assessment period (2018-2023).
Depending on the requirement, these engines may find application in cargo ships, ferries, cruise ships, industrial and small-scale fishing, military and government boats, landing craft, auxiliary ships, search-and-rescue vessels and patrol boats. Rising preference for energy-efficient engine technologies coupled with enforcement of stricter marine safeguard laws is expected to influence the global marine diesel engine market going forward.
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Marine Diesel Engine Industry Segmentation:
MRFR's report include a thorough segmental analysis of the market based on type, speed, stroke, application and region.
By type, the market has been segmented into auxiliary and propulsion.
By speed, the market has been segmented into low-speed, medium-speed and high-speed.
By stroke, the market has been segmented into 2-stroke and 4-stroke.
By application, the market has been segmented into cargo ship, cruise ship and others.
Cox Marine, STX Engine, Deere & Company, Cummins Inc., AGCO Power Inc., Yanmar Co Ltd., Honda Motor Co., Ltd., Greaves Cotton Limited, Caterpillar, China Shipbuilding Industry Group Diesel Engine Co., Ltd., Japan Engine Corporation, Hyundai Heavy Industries Co., Ltd. and Kirlosker Oil Engines Ltd.
The Marine Diesel Engine Market has been assessed in regions such as North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America.
APAC represented more than one-third share of the market in 2017 and is set to grow at a healthy pace in the forthcoming years. Increased import and export activities is driving the maritime sector in the region. Industrialization in countries such as China, India and South Korea has propelled the seaborne trade in and around APAC. At the same time, improvement in policy framework for the maritime sector is partly influencing the market growth APAC. Europe and North America hold the second and third position, respectively.
Table of Contents
2. Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4. Market Dynamics
4.2.1 Rising Investment In Shipbuilding
4.2.2 Growing International Seaborne Trade
4.3.1 Stringent Emission Norms For Diesel-Engine
4.4.1 Increasing Use Of Inland Water Ways
4.4.2 Growing Hybrid Power Generation In Remote Areas
4.5 Porter's Five Forces Model
4.5.1 Threat Of New Entrants
4.5.2 Bargaining Power Of Suppliers
4.5.3 Threat Of Substitute
4.5.4 Bargaining Power Of Buyers
List of Figures
Figure 1 Global Marine Diesel Engine Market: Market Structure
Figure 2 Research Process Of MRFR
Figure 3 Top-Down & Bottom-Up Approaches
Figure 4 Porter's Five Forces Analysis: Global Marine Diesel Engine Market
Figure 5 Global Marine Diesel Engine Market, By Type, 2017 (% Share)
Figure 6 Global Marine Diesel Engine Market, By Type, 2017 (% Share)
Figure 7 Global Marine Diesel Engine Market, By Speed, 2017 (% Share)
Figure 8 Global Marine Diesel Engine Market, By Stroke, 2017 (% Share)
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