Global Inboard Marine Propulsion System Market Growth 2024-2030

Global Inboard Marine Propulsion System Market Growth 2024-2030

An inboard marine propulsion system is a professional propulsion system for boats. As opposed to an outboard motor where an engine is mounted outside the hull of the craft, an inboard motor is an engine enclosed within the hull of the boat, usually connected to a propulsion screw by a driveshaft.

The global Inboard Marine Propulsion System market size is projected to grow from US$ 25470 million in 2023 to US$ 30690 million in 2030; it is expected to grow at a CAGR of 2.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Inboard Marine Propulsion System Industry Forecast” looks at past sales and reviews total world Inboard Marine Propulsion System sales in 2023, providing a comprehensive analysis by region and market sector of projected Inboard Marine Propulsion System sales for 2024 through 2030. With Inboard Marine Propulsion System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Inboard Marine Propulsion System industry.

This Insight Report provides a comprehensive analysis of the global Inboard Marine Propulsion System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Inboard Marine Propulsion System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Inboard Marine Propulsion System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Inboard Marine Propulsion System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Inboard Marine Propulsion System.

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

This report presents a comprehensive overview, market shares, and growth opportunities of Inboard Marine Propulsion System market by product type, application, key manufacturers and key regions and countries.

Segmentation by type


100~375KW

375~700KW

700~1MW

Others
Segmentation by application


Fishing Boat

Container Ship

Bulk Freighter

Other
This report also splits the market by region:


Americas
United States
Canada
Mexico
Brazil

APAC
China
Japan
Korea
Southeast Asia
India
Australia

Europe
Germany
France
UK
Italy
Russia

Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.


Mercury Marine

Caterpillar

Volvo Penta

Cummins

Yanmar

Rolls-Royce (MTU)

Mitsubishi

Weichai

Scania

Yuchai

FPT

John Deere

DAIHATSU
Key Questions Addressed in this Report

What is the 10-year outlook for the global Inboard Marine Propulsion System market?

What factors are driving Inboard Marine Propulsion System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Inboard Marine Propulsion System market opportunities vary by end market size?

How does Inboard Marine Propulsion System break out type, application?


Please note: The report will take approximately 2 business days to prepare and deliver.