Global Marine Engine Propulsion Market Growth 2023-2029

Global Marine Engine Propulsion Market Growth 2023-2029

Marine Propulsion Engines are used to generate thrust to move a ship or boat across water.

LPI (LP Information)' newest research report, the “Marine Engine Propulsion Industry Forecast” looks at past sales and reviews total world Marine Engine Propulsion sales in 2022, providing a comprehensive analysis by region and market sector of projected Marine Engine Propulsion sales for 2023 through 2029. With Marine Engine Propulsion sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Engine Propulsion industry.

This Insight Report provides a comprehensive analysis of the global Marine Engine Propulsion 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 Marine Engine Propulsion portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Marine Engine Propulsion market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Engine Propulsion 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 Marine Engine Propulsion.

The global Marine Engine Propulsion market size is projected to grow from US$ 9776.6 million in 2022 to US$ 12200 million in 2029; it is expected to grow at a CAGR of 12200 from 2023 to 2029.

Global Marine Propulsion Engines key players include Wärtsilä, MAN Energy Solutions, Rolls Royce, Mitsubishi Heavy Industries, Caterpillar etc. Global top five manufacturers hold a share over 45%.

Europe is the largest market, with a share over 20%, followed by Asia (Excluding China) and North America, both have a share over 40% percent.

In terms of product, Diesel Engine is the largest segment, with a share over 62%. And in terms of application, the largest application is Working Vessel followed by Transport Vessel.

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

Market Segmentation:

Segmentation by type
Propeller
Water Jet
Special Thrusters

Segmentation by application
Yacht
Sailing
Tug
Others

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.
ABB
ZF Friedrichshafen AG
Alpatek B.V.
Niigata Power Systems
Masson Marine
Poseidon Propulsion BV
C.M.T
ERIS PROPELLERS
Thrustmaster of Texas
Fountom Marine
VETH PROPULSION
Fischer Panda
Hydro Armor
Rolls-Royce
Dutch Thrustleader Marine Propulsion
Wartsila Corporation
Schottel
Jastram

Key Questions Addressed in this Report

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

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

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

How do Marine Engine Propulsion market opportunities vary by end market size?

How does Marine Engine Propulsion break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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