Marine Engines Market Analysis by Product Description, Types and Application, Growth Factors 2018-2021

1. Marine Engines Market Analysis by Product Description, Types and Application, Growth Factors 2018-2021 www.MarketsandMarkets.com

2. The report "Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021", The global marine engines market is expected to grow from an estimated USD  11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%. Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=261640121

3. Commercial vessels will continue to remain the largest market for marine engines by vessel type Commercial vessels, as a consequence of increased ship-building orders for gas carriers and bulk carriers, will continue have the largest market share for marine engines by vessel type, largely driven by rising economic growth in South Asia and South-east Asia. There will also be an increased demand for pleasure vessels in Europe and North America especially in yachts and luxury cruises. Stringent emission norms will increase demand for gas-powered and dual-fuel marine engines HFO (Heavy Fuel Oil) based marine engines have always dominated the marine engines market, and will continue to hold the larger share in the marine engines market segment by fuel type. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=261640121

4. Browse >> 75market data tables 49 figures 165 pagesand in-depth TOC on “Marine Engines Market” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

5. Asia-Pacific will dominate the marine engines market Asia-Pacific will remain the largest market for marine engines for the projected period 2016 to 2021. The growth will be mainly driven by rise in the ship-building industry in China as well as Japan and South Korea. China, Japan, and South Korea constituted more than 80% of ship-building activity in 2015, and more investments, particularly in China, for the ship-building industry. Another factor attributing to the growth will be rise in maritime trade in South-east Asia spearheaded by China and other emerging economies in the region such as Indonesia. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=261640121

6. Target Audience: • Marine engines manufacturers • Ship-building companies • Marine engines ancillary parts suppliers • Government and Industry Associations • Investment and Consulting Firms • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=261640121

7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the market. These include • Caterpillar, Inc. • Man Diesel & Turbo Se • Wartsila • Mitsubishi Heavy Industries • Rolls-Royce Power Systems AG • Brunswick Corporation • Volvo Group • Cummins, Inc. • GE Transportation • Yanmar Co., Ltd. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=261640121

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