Zion Market Research Marine Engine Market, 2016–2024 | Page 3

Marine Engine Market
affordable cost of labor associated with the marine engines industry is also driving the global
market growth.
On the other hand, high cost for transportation for marine engines is the main reason
hampering the growth of global marine engines market. The high cost of raw materials is one of
the reasons that is hindering the growth of the global market. Moreover, high cost for
maintenance is also one of the significant reasons that are restraining the growth of the global
market. Last but not the least, a high cost of ownership is also one of the significant reasons
that are restraining the growth of the global market.
Global Marine Engine Market: Segmentation
Based on the types of vessel, the global marine engines market is mainly classified as
commercial vessels and offshore support vessels.
On the basis of fuel, the global market is divided into intermediate fuel oil, heavy fuel oil, marine
gas oil, marine diesel oil, and others.
Based on the power, the global market for marine engines is segmented into 1,001 HP to 5,000
HP, up to 1,000 HP, 10,001 to 20,000 HP, 5,001 HP to 10,000 HP, above 20,000 HP, and others.
Based on the target audience, the global market is segmented into ship-building companies,
marine engines manufacturers, government and industry associations, marine engines ancillary
parts suppliers, investment and consulting firms, and others.