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North America Marine Engines Market Research Report Forecast to 2032

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from $2,950 127 Pages Market Research Future May, 2024 RESFT18789862
Best Price Guarantee
Price from $2,950
Length 127 Pages
Publisher Market Research Future
Published Date May, 2024
SKU RESFT18789862

North America Marine Engines Market Research Report Forecast to 2032



North America marine engine market was valued at USD 3,495.81 million in 2022 and expected to grow USD 5,744.60 million by 2032 growing at a CAGR of 5.12% over the forecast duration 2023-2032.

The North America Marine Engine market is witnessing steady growth driven by several key factors including increasing demand for commercial vessels, expansion in the recreational boating industry, and advancements in marine engine technology. In recent years, the region has experienced a surge in maritime trade activities, leading to heightened demand for marine engines across various vessel types including cargo ships, tankers, offshore support vessels, and passenger ferries. Moreover, the rising popularity of recreational boating activities, fueled by factors such as improving economic conditions, growing disposable incomes, and rising interest in water-based leisure pursuits, has further bolstered the demand for marine engines in North America.

One of the significant trends shaping the North America Marine Engine market is the increasing adoption of environmentally sustainable propulsion systems. With growing environmental concerns and stringent regulatory standards, there has been a notable shift towards cleaner and more fuel-efficient marine engines. Manufacturers are investing in research and development to develop innovative propulsion technologies such as hybrid propulsion systems, LNG-powered engines, and electric propulsion systems, which offer reduced emissions and lower fuel consumption. Furthermore, the integration of advanced digital technologies such as IoT, AI, and predictive analytics is enabling enhanced monitoring, diagnostics, and optimization of marine engines, thereby improving operational efficiency, and reducing maintenance costs for vessel operators.

However, fluctuations in crude oil prices directly impact operating costs for vessel owners and operators, influencing investment decisions related to engine upgrades and retrofits.

Market Segmentation

Based on Power, the North America Marine Engines market is segmented into 300-600HP, 601-800HP, 801-1000HP, 1001-1400HP, 1401-5000HP, 5001HP - 10,000HP, 10001-20,000HP and Above 20,000 HP.

On the basis of shipyard, the market is categorized into merchant, offshore, cruise & ferry, navy and others.

Based on Displacement, the North America Marine Engines market has been segmented into 4L, 6L, 9L, 13L, 16L and more than 16L.

Based on Distribution Channel, the market is divided into OEM and Aftermarket.

Based on Installation, the market is classified into outboards, inboard, pod drives, stern drives, waterjet and others.

The US Marine Engines market is experiencing significant growth driven by several factors. One of the primary drivers is the increasing demand for recreational boating activities, supported by rising disposable incomes and a growing interest in outdoor leisure pursuits. Additionally, the commercial marine sector, including shipping, transportation, and offshore industries, continues to require efficient and reliable marine engines to power vessels across various applications.

Major Players

The key market players are Caterpillar Inc., Cummins Inc, Wabtec Corporation, AB Volvo, Deere & Company, Deutz AG, Hyundai Heavy Industries, Wärtsilä Oyj Abp, Man SE, and Mitsubishi Heavy Industries Ltd.


1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.6 Approaches For Market Size Estimation:
3.6.1 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Type
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Demand For Recreational Boating And Water Sports Activities
4.2.2 Growth In Commercial Shipping And Marine Transportation Industries
4.3 Restraints
4.3.1 Stringent Environmental Regulations Impacting Engine Design And Emissions Control
4.3.2 High Initial Investment Costs Deter Small-scale Marine Operators.
4.4 Opportunity
4.4.1 Increasing Focus On Hybrid And Electric Propulsion Systems.
4.4.2 Government Regulations Driving The Shift Towards Cleaner Marine Engines
4.5 Impact Analysis Of Covid-19
5 Market Factor Analysis
5.1 Supply Chain/Value Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers
5.1.3 Distribution And Supply Chain
5.1.4 End-user
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Emission Standards On Epa Tier- 1, 2, 3 Standards On Us Marine Engine
6 North America Marine Engines Market, By Power
6.1 Overview
7 North America Marine Engines Market, By Shipyard
7.1 Overview
8 North America Marine Engines Market, By Displacement
8.1 Overview
9 North America Marine Engines Market, By Distribution Channel
9.1 Overview
10 North America Marine Engines Market, By Installation
10.1 Overview
11 North America Marine Engines Market, By Country
11.1 Country
11.2 Us
11.3 Canada
11.4 Mexico
12 Competitive Landscape
12.1 Competitive Overview
12.2 Major Players In The North America Marine Engines Market
12.3 Competitive Benchmarking
12.4 Leading Players In Terms Of The Number Of Developments In The North America Marine Engines Market
12.5 Key Developments & Growth Strategies
12.5.1 Contracts & Agreement
12.5.2 Product Launch/Product Development
13 Company Profiles
13.1 Caterpillar Inc.
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Services Offered
13.1.4 Key Developments
13.1.5 Swot Analysis
13.1.6 Key Strategies
13.2 Cummins Inc.
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Products Offered
13.2.4 Key Developments
13.2.5 Swot Analysis
13.2.6 Key Strategies
13.3 Wabtec Corporation
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Products Offered
13.3.4 Key Developments
13.3.5 Swot Analysis
13.3.6 Key Strategies
13.4 Ab Volvo
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Products Offered
13.4.4 Key Developments
13.4.5 Swot Analysis
13.4.6 Key Strategies
13.5 Deere & Company
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Products Offered
13.5.4 Key Developments
13.5.5 Swot Analysis
13.5.6 Key Strategies
13.6 Deutz Ag
13.6.1 Company Overview
13.6.2 Financial Overview
13.6.3 Products Offered
13.6.4 Key Developments
13.6.5 Wot Analysis
13.6.6 Key Strategies
13.7 Hyundai Heavy Industries
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Products/Services Offered
13.7.4 Key Developments
13.7.5 Swot Analysis
13.7.6 Key Strategies
13.8 Wärtsilä Oyj Abp
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Products/Services Offered
13.8.4 Key Developments
13.8.5 Swot Analysis
13.8.6 Key Strategies
13.9 Man Se
13.9.1 Company Overview
13.9.2 Financial Overview
13.9.3 Products/Services Offered
13.9.4 Key Developments
13.9.5 Swot Analysis
13.9.6 Key Strategies
13.10 Mitsubishi Heavy Industries Ltd
13.10.1 Company Overview
13.10.2 Financial Overview
13.10.3 Products Offered
13.10.4 Key Developments
13.10.5 Swot Analysis
13.10.6 Key Strategies
14 Appendix
14.1 References
14.2 Data Citations
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 North America Marine Engines Market, By Power, 2019–2032 (Usd Million)
Table 3 North America Marine Engines Market, By Power, 2019–2032 (Thousand Units)
Table 4 North America Marine Engines Market, By Shipyard, 2019–2032 (Usd Million)
Table 5 North America Marine Engines Market, By Shipyard, 2019–2032 (Thousand Units)
Table 6 North America Marine Engines Market, By Displacement, 2019–2032 (Usd Million)
Table 7 North America Marine Engines Market, By Displacement, 2019–2032 (Thousand Units)
Table 8 North America Marine Engines Market, By Distribution Channel, 2019–2032 (Usd Million)
Table 9 North America Marine Engines Market, By Distribution Channel, 2019–2032 (Thousand Units)
Table 10 North America Marine Engines Market, By Installation, 2019–2032 (Usd Million)
Table 11 North America Marine Engines Market, By Installation, 2019–2032 (Thousand Units)
Table 12 North America Marine Engines Market, By Country, 2019–2032 (Usd Million)
Table 13 North America Marine Engines Market, By Country, 2019–2032 (Thousand Units)
Table 14 Us Marine Engines Market, By Power, 2019–2032 (Usd Million)
Table 15 Us Marine Engines Market, By Power, 2019–2032 (Thousand Units)
Table 16 Us Marine Engines Market, By Shipyard, 2019–2032 (Usd Million)
Table 17 Us Marine Engines Market, By Shipyard, 2019–2032 (Thousand Units)
Table 18 Us Marine Engines Market, By Displacement, 2019–2032 (Usd Million)
Table 19 Us Marine Engines Market, By Displacement, 2019–2032 (Thousand Units)
Table 20 Us Marine Engines Market, By Distribution Channel, 2019–2032 (Usd Million)
Table 21 Us Marine Engines Market, By Distribution Channel, 2019–2032 (Thousand Units)
Table 22 Us Marine Engines Market, By Installation, 2019–2032 (Usd Million)
Table 23 Us Marine Engines Market, By Installation, 2019–2032 (Thousand Units)
Table 24 Canada Marine Engines Market, By Power, 2019–2032 (Usd Million)
Table 25 Canada Marine Engines Market, By Power, 2019–2032 (Thousand Units)
Table 26 Canada Marine Engines Market, By Shipyard, 2019–2032 (Usd Million)
Table 27 Canada Marine Engines Market, By Shipyard, 2019–2032 (Thousand Units)
Table 28 Canada Marine Engines Market, By Displacement, 2019–2032 (Usd Million)
Table 29 Canada Marine Engines Market, By Displacement, 2019–2032 (Thousand Units)
Table 30 Canada Marine Engines Market, By Distribution Channel, 2019–2032 (Usd Million)
Table 31 Canada Marine Engines Market, By Distribution Channel, 2019–2032 (Thousand Units)
Table 32 Canada Marine Engines Market, By Installation, 2019–2032 (Usd Million)
Table 33 Canada Marine Engines Market, By Installation, 2019–2032 (Thousand Units)
Table 34 Mexico Marine Engines Market, By Power, 2019–2032 (Usd Million)
Table 35 Mexico Marine Engines Market, By Power, 2019–2032 (Thousand Units)
Table 36 Mexico Marine Engines Market, By Shipyard, 2019–2032 (Usd Million)
Table 37 Mexico Marine Engines Market, By Shipyard, 2019–2032 (Thousand Units)
Table 38 Mexico Marine Engines Market, By Displacement, 2019–2032 (Usd Million)
Table 39 Mexico Marine Engines Market, By Displacement, 2019–2032 (Thousand Units)
Table 40 Mexico Marine Engines Market, By Distribution Channel, 2019–2032 (Usd Million)
Table 41 Mexico Marine Engines Market, By Distribution Channel, 2019–2032 (Thousand Units)
Table 42 Mexico Marine Engines Market, By Installation, 2019–2032 (Usd Million)
Table 43 Mexico Marine Engines Market, By Installation, 2019–2032 (Thousand Units)
Table 44 The Most Active Players In The North America Marine Engines Market
Table 45 Contracts & Agreement
Table 46 Product Launch/Product Development
Table 47 Caterpillar Inc.: Products/Services Offered
Table 48 Cummins Inc.: Products Offered
Table 49 Wabtec Corporation: Products Offered
Table 50 Wabtec Corporation: Key Developments
Table 51 Ab Volvo: Products Offered
Table 52 Ab Volvo: Key Developments
Table 53 Deere & Company: Products Offered
Table 54 Deutz Ag: Products Offered
Table 55 Hyundai Heavy Industries: Products/Services Offered
Table 56 Wärtsilä Oyj Abp: Products/Services Offered
Table 57 Wärtsilä Oyj Abp: Key Developments
Table 58 Man Se: Products Offered
Table 59 Man Se: Key Developments
Table 60 Mitsubishi Heavy Industries Ltd: Products Offered
List Of Figures
Figure 1 North America Marine Engines Market: Executive Summary
Figure 2 North America Marine Engines Market: Structure
Figure 3 North America Marine Engines Market: Market Growth Factor Analysis (2022-2032)
Figure 4 Driver Impact Analysis (2023-2032)
Figure 5 Restraint Impact Analysis (2022-2032)
Figure 6 Supply Chain Analysis Of The North America Marine Engines Market
Figure 7 Porter’s Five Forces Analysis: North America Marine Engines Market
Figure 1 North America Marine Engines Market, By Power, 2022 & 2032 (Usd Million)
Figure 2 North America Marine Engines Market Share (%), By Power, 2022
Figure 3 North America Marine Engines Market, By Shipyard, 2022 & 2032 (Usd Million)
Figure 4 North America Marine Engines Market Share (%), By Shipyard, 2022
Figure 5 North America Marine Engines Market, By Displacement, 2022 & 2032 (Usd Million)
Figure 6 North America Marine Engines Market Share (%), By Displacement, 2022
Figure 7 North America Marine Engines Market, By Distribution Channel, 2022 & 2032 (Usd Million)
Figure 8 North America Marine Engines Market Share (%), By Distribution Channel, 2022
Figure 9 North America Marine Engines Market, By Installation, 2022 & 2032 (Usd Million)
Figure 10 North America Marine Engines Market Share (%), By Installation, 2022
Figure 11 North America Marine Engines Market Share, By Country, 2022 (% Share)
Figure 12 North America Marine Engines Market, By Country, 2022 & 2032 (Usd Million)
Figure 13 North America Marine Engines Market Share Analysis, 2022 (%)
Figure 14 Benchmarking Of Major Competitors
Figure 15 Caterpillar Inc.: Financial Overview Snapshot
Figure 16 Caterpillar Inc.: Swot Analysis
Figure 17 Cummins Inc.: Financial Overview Snapshot
Figure 18 Cummins Inc.: Swot Analysis
Figure 19 Wabtec Corporation: Financial Overview Snapshot
Figure 20 Wabtec Corporation: Swot Analysis
Figure 21 Ab Volvo: Financial Overview Snapshot
Figure 22 Ab Volvo: Swot Analysis
Figure 23 Deere & Company: Financial Overview Snapshot
Figure 24 Deere & Company: Swot Analysis
Figure 25 Deutz Ag: Financial Overview Snapshot
Figure 26 Deutz Ag: Swot Analysis
Figure 27 Hyundai Heavy Industries: Financial Overview Snapshot
Figure 28 Hyundai Heavy Industries: Swot Analysis
Figure 29 Wärtsilä Oyj Abp: Financial Overview Snapshot
Figure 30 Wärtsilä Oyj Abp: Swot Analysis
Figure 31 Man Se: Financial Overview Snapshot
Figure 32 Man Se: Swot Analysis
Figure 33 Mitsubishi Heavy Industries Ltd: Financial Overview Snapshot
Figure 34 Mitsubishi Heavy Industries Ltd: Swot Analysis

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