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