Global Hydraulic Outboard Propulsion Unit Supply, Demand and Key Producers, 2023-2029

Global Hydraulic Outboard Propulsion Unit Supply, Demand and Key Producers, 2023-2029

The global Hydraulic Outboard Propulsion Unit market size is expected to reach $ 12530 million by 2029, rising at a market growth of 2.7% CAGR during the forecast period (2023-2029).

The marine propulsion engines market is driven by the need for faster, cleaner, and more fuel-efficient engines. The International Maritime Organization (IMO) has drawn up new rules to reduce the sulfur content in marine fuels from 3.5% to 0.5%. This new regulation is expected to reduce ship emissions by 77%. This development has prompted ship operators to reduce the sulfur content of fuels such as marine gas oil, thereby driving the demand for ship electrification. Currently, there are about 100,000 ocean-going commercial vessels sailing the oceans, each with an installed power of about 1 to 100 megawatts (MW). With very few exceptions, all of these vessels are diesel propulsion, most of them with direct drive systems, and some with diesel-electric propulsion or hybrid systems. Diesel engines are favored for marine propulsion applications due to their unrivaled power and torque ratings.

Hydraulic outboard propulsion units are self-contained thruster packages for main propulsion and positioning of barges, platforms and river craft. They are available with diesel or electric hydraulic drives with power ratings from 75hp (55kW) to 3,000hp (2250kW).

This report studies the global Hydraulic Outboard Propulsion Unit production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Hydraulic Outboard Propulsion Unit, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Hydraulic Outboard Propulsion Unit that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Hydraulic Outboard Propulsion Unit total production and demand, 2018-2029, (Unit)

Global Hydraulic Outboard Propulsion Unit total production value, 2018-2029, (USD Million)

Global Hydraulic Outboard Propulsion Unit production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (Unit)

Global Hydraulic Outboard Propulsion Unit consumption by region & country, CAGR, 2018-2029 & (Unit)

U.S. VS China: Hydraulic Outboard Propulsion Unit domestic production, consumption, key domestic manufacturers and share

Global Hydraulic Outboard Propulsion Unit production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (Unit)

Global Hydraulic Outboard Propulsion Unit production by Type, production, value, CAGR, 2018-2029, (USD Million) & (Unit)

Global Hydraulic Outboard Propulsion Unit production by Application production, value, CAGR, 2018-2029, (USD Million) & (Unit).

This reports profiles key players in the global Hydraulic Outboard Propulsion Unit market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Mercury Marine, Caterpillar, Volvo Penta, Cummins, Yanmar, Rolls-Royce (MTU), Mitsubishi, Weichai and Scania, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Hydraulic Outboard Propulsion Unit market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Unit) and average price (K USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Hydraulic Outboard Propulsion Unit Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Hydraulic Outboard Propulsion Unit Market, Segmentation by Type
Diesel Hydraulic Drive
Electric Hydraulic Drive

Global Hydraulic Outboard Propulsion Unit Market, Segmentation by Application
Fishing Boat
Container Ship
Bulk Freighter
Others

Companies Profiled:
Mercury Marine
Caterpillar
Volvo Penta
Cummins
Yanmar
Rolls-Royce (MTU)
Mitsubishi
Weichai
Scania
Yuchai
FPT
John Deere
DAIHATSU

Key Questions Answered

1. How big is the global Hydraulic Outboard Propulsion Unit market?

2. What is the demand of the global Hydraulic Outboard Propulsion Unit market?

3. What is the year over year growth of the global Hydraulic Outboard Propulsion Unit market?

4. What is the production and production value of the global Hydraulic Outboard Propulsion Unit market?

5. Who are the key producers in the global Hydraulic Outboard Propulsion Unit market?