Global Marine Propulsion Engines Market Growth 2025-2031

The global Marine Propulsion Engines market size is predicted to grow from US$ 9718 million in 2025 to US$ 9538 million in 2031; it is expected to grow at a CAGR of -0.3% from 2025 to 2031.

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

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 60%. And in terms of application, the largest application is Working Vessel followed by Transport Vessel.

LP Information, Inc. (LPI) ' newest research report, the “Marine Propulsion Engines Industry Forecast” looks at past sales and reviews total world Marine Propulsion Engines sales in 2024, providing a comprehensive analysis by region and market sector of projected Marine Propulsion Engines sales for 2025 through 2031. With Marine Propulsion Engines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Propulsion Engines industry.

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

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

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

Segmentation by Type:
Diesel Engine
Gas Turbine
Natural Engine
Hybrid Engine
Fuel Cell

Segmentation by Application:
Working Vessel
Transport Vessel
Military Vessel
Pleasure Boats/Water Sports
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 analysing the company's coverage, product portfolio, its market penetration.
Wärtsilä
MAN Energy Solutions
Rolls Royce
Mitsubishi Heavy Industries
Caterpillar
Daihatsu
Yanmar
Cummins
GE
Volvo Penta
Fairbanks Morse Engine
BAE Systems
SCANIA
Deere＆Company
Doosan
STEYR MOTORS
CSIC
CSSC
Weichai
SDEC
YUCHAI

Key Questions Addressed in this Report

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

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

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

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

How does Marine Propulsion Engines break out by Type, by Application?

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