Global Marine Auxiliary Engine Market 2022-2026

Global Marine Auxiliary Engine Market 2022-2026

Technavio has been monitoring the marine auxiliary engine market and it is poised to grow by $ 431.35 mn during 2022-2026, decelerating at a CAGR of 4.51% during the forecast period. Our report on the marine auxiliary engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of commercial shipping, increase in number of naval vessels, and growth in number of FPSO vessels.

The marine auxiliary engine market analysis includes type segment and geographic landscape.

Technavio's marine auxiliary engine market is segmented as below:

By Type

• Diesel
• Gas

By Geography

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the gradual adoption of lng over conventional marine fuel as one of the prime reasons driving the marine auxiliary engine market growth during the next few years. Also, emergence of bi-fuel engines and digital sensing will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on marine auxiliary engine market covers the following areas:

• Marine auxiliary engine market sizing
• Marine auxiliary engine market forecast
• Marine auxiliary engine market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine auxiliary engine market vendors that include AB Volvo, Brunswick Corp., Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., Deere and Co., DEUTZ AG, Doosan Infracore Co. Ltd., Kubota Corp., Mitsubishi Heavy Industries Ltd., Porsche Automobil Holding SE, Rolls-Royce Holdings Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd.. Also, the marine auxiliary engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.