Marine Engine Market: New Business Opportunities, Emerging Trends, Competitive
Strategies and Forecasts 2022
Market Highlights
Rapid rise in ship building activities in recent times is one of the primary factors driving the
demand in the Marine engine market. Increasing demand for luxury vessels as a result of
increasing disposable income among individuals has been a major contributor to the increasing
demand in the marine engine market. Rise in demand for commercial vessels such as gas
carriers and bulk carriers has significantly contributed to the rapid growth of the marine engine
market.
The flourishing ship building industries in china, South Korea and Japan is one of the prime
factors which has resulted in Asia-Pacific region dominating the Marine Engine market. Rise in
maritime trade in this region along with increasing incidence of investment is expected to
contribute to the domination of the Asia-pacific region in the Marine Engine Market.
Global Marine Engine Market expected to register a growth rate of 4% CAGR between 2018
and 2022
Key Players
Some of the key players in the marine engine market are MAN Diesel & Turbo SE (Germany),
Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan), and Rolls-Royce
Power Systems AG (Germany) and others.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1988
Scope of the report
This study provides an overview of the Marine Engine industry, tracking market segments
across the categorized five geographic regions. The report provides a five-year forecast for the
market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and
South America. The scope of the study segments the Marine Engine market based on Type,
Vessel type.
Asia-Pacific region held the major share within the Marine Engine Market
The flourishing ship building industries in china, South Korea and Japan is one of the prime
factors which has resulted in Asia-Pacific region dominating the Marine Engine market. Rise in
maritime trade in this region along with increasing incidence of investment is expected to
contribute to the domination of the Asia-pacific region in the marine engine market.