Marine Diesel Engine Market Size is set to Hit $8.1 Bn upto 2026

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Marine Diesel Engine

A report by ARC estimated that the marine diesel engine market will surpass $8.1 billion by 2026, representing an average annual growth rate of 3.9 percent from 2019 to 2026.

The report provides analysis of global marine diesel engine market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Marine diesel engines can be defined as diesel engines. These are used as the primary source of boats’ main motors and vessel propellers. There are multiple marine engine kinds; some marine motors, for instance, use gas as fuel. Of the many marine motors, marine diesel engines have the greatest thermal efficiency, i.e. capacity to obtain fuel energy. It is therefore a typical marine engine. The marine diesel engine is used to propel a vessel and assist produce energy for board ships comprising business ships, offshore aid ships and other marine ships operating on diverse fuels including gas oil, diesel oil, etc. Improved fuel efficiency, low fuel consumption, low damaging emissions, simple servicing, durability, smooth operation and elevated performance will increase item implementation. Improved ship compatibility coupled with petrol accessibility are the underlining variables pushing the company situation further.

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The worldwide market for marine diesel engines has expanded mainly as shipping industry needs to decrease carbon emissions. The shipping industry focuses on developing higher-efficient diesel engines that use less diesel while offering more ship propulsion. However, the latest shipping and shipbuilding downturn has impaired the market. Shipbuilding orders decreased with lower shipping prices. Recovery is anticipated during the forecast period; however, it would rely on several variables, such as crude oil prices and multiple nations’ financial development. Rising seaborne trade across emerging economies along with growing demand for economically viable engines due to benefits including durability, reliability, and fuel efficiency will stimulate market growth for marine diesel engines.

The swift change from residual fuel motors to diesel engines along with shifting shipping industry focus is laid to drive consumer penetration. Key advantages, including easy accessibility and small diesel costs, make ship-owners acceptance viable over other alternative fuels. Technological advances and advances in product design leading to small operating costs will further increase the landscape. Marine diesel engine is an inner combustion engine in which ignition of the fuel introduced into the combustion chamber is triggered by the elevated temperature a gas achieves when heavily squeezed in a vessel.

The marine diesel engine is extremely focused, producing top sixteen manufacturers account for 90% of worldwide manufacturing, and high-end products originate primarily from China and Korea. Medium velocity is expected to expand due to increased marine tourism and increased demand for recreational ships including cruises, ferries, yachts and passenger vessels. Increasing worldwide imports and exports of countless commodities including ores, merchandise, and minerals will favorably affect item assembly. Moreover, multiple cruise ship businesses including Costa Asia, Royal Caribbean and Star Cruise are increasing their portfolio by including fresh, state-of-the-art cruise boats that are more luxurious and can provide stronger passenger experience.

Related Reports:

  • Marine Engines Market – Global market size is expected to reach around US$ 14.4 billion by 2026 and anticipated to grow at a CAGR of 4.5 % over the forecast time period 2019 to 2026.
  • Marine Mining Market – Global market size is estimated to reach nearly USD 7.05 billion by 2026 and expected to grow at a CAGR of more than 34.2% from 2019 to 2026.

Declining crude oil prices, combined with rising seaborne passenger traffic, are laid to encourage item acceptance. Implementing public measures to reduce marine pollution mainly across emission control fields increased the demand for low-emission motors. Major industry players have changed their product lines to engines equipped with scrubbers and catalytic reactors, which in turn will enhance production deployment. The global marine diesel engine market can be divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Developed countries in North America and Latin America are traditional marine vessel markets; hence, they are also traditional marine diesel engine market regions. During the forecast period, however, demand for marine diesel engines is expected to rise in emerging regions.

Key Players & Strategies

Some vital players in the marine diesel engine market includes artily, Teekay Corporation, Hyundai Heavy Industries, John Deere, Kawasaki Heavy Industries, MAN Energy Solutions, STX Engines, Sinokor Merchant Marine, Mediterranean Shipping Company S.A., IHI Corporation, Volvo Penta, Rolls Royce, Scania, Shoei Kisen, Mitsui O.S.K. Lines, Neptune Orient Lines, and SOVCOMFLOT among others.

Market, by Technology

  • Low Speed
  • Medium Speed
  • High Speed

Market, by Application

  • Off-shore
  • Recreational
  • Navy
  • Others

Market, by Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Marine Diesel Engine Market Size, Share & Trends Analysis Report By Technology, Application, By Region – Global Industry Size, Share, Trends and Forecast 2019 – 2026” offers detailed insights on global Marine Diesel Engine market segments with market dynamics and their impact. The report also covers basic technology development policies.

The study provides a extensive industry assessment. This is done through in-depth qualitative observations, historical information and verifiable business size estimates. The predictions in the study were obtained from well-established study methodologies and expectations. This study document acts as an assessment and data resource for every aspect of the industry including, but not restricted to, regional economies, technology, kinds and apps.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Marine Diesel Engine
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Marine Diesel Engine Market By Technology
1.2.2.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.2.2. Global Marine Diesel Engine Market Revenue Share By Technology in 2018
1.2.2.3. Low Speed
1.2.2.4. Medium Speed
1.2.2.5. High Speed
1.2.2.6. Others
1.2.3. Marine Diesel Engine Market By Application
1.2.3.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Marine Diesel Engine Market Revenue Share By Application in 2018
1.2.3.3. Off-shore
1.2.3.4. Recreational
1.2.3.5. Navy
1.2.3.6. Others
1.2.4. Marine Diesel Engine Market by Geography
1.2.4.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Marine Diesel Engine Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Marine Diesel Engine Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Marine Diesel Engine Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Marine Diesel Engine Major Manufacturers in 2018

CHAPTER 4. MARINE DIESEL ENGINE MARKET BY TECHNOLOGY
4.1. Global Marine Diesel Engine Revenue By Technology
4.2. Low Speed
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Medium Speed
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. High Speed
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. MARINE DIESEL ENGINE MARKET BY APPLICATION
5.1. Global Marine Diesel Engine Revenue By Application
5.2. Off-shore
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Recreational
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Navy
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. NORTH AMERICA MARINE DIESEL ENGINE MARKET BY COUNTRY
6.1. North America Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2. North America Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Marine Diesel Engine Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 7. EUROPE MARINE DIESEL ENGINE MARKET BY COUNTRY
7.1. Europe Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. Europe Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC MARINE DIESEL ENGINE MARKET BY COUNTRY
8.1. Asia-Pacific Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Asia-Pacific Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 9. LATIN AMERICA MARINE DIESEL ENGINE MARKET BY COUNTRY
9.1. Latin America Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Latin America Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 10. MIDDLE EAST MARINE DIESEL ENGINE MARKET BY COUNTRY
10.1. Middle East Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Middle East Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 11. AFRICA MARINE DIESEL ENGINE MARKET BY COUNTRY
11.1. Africa Marine Diesel Engine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Africa Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. ärtsilä
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Teekay Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Hyundai Heavy Industries
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. John Deere
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Kawasaki Heavy Industries
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. MAN Energy Solutions
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. STX Engines
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Sinokor Merchant Marine
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Mediterranean Shipping Company S.A.
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. IHI Corporation
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Volvo Penta
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
12.12. Rolls Royce
12.12.1. Company Snapshot
12.12.2. Overview
12.12.3. Financial Overview
12.12.4. Product Portfolio
12.12.5. Key Developments
12.12.6. Strategies
12.13. Scania
12.13.1. Company Snapshot
12.13.2. Overview
12.13.3. Financial Overview
12.13.4. Product Portfolio
12.13.5. Key Developments
12.13.6. Strategies
12.14. Shoei Kisen
12.14.1. Company Snapshot
12.14.2. Overview
12.14.3. Financial Overview
12.14.4. Product Portfolio
12.14.5. Key Developments
12.14.6. Strategies
12.15. Mitsui O.S.K. Lines
12.15.1. Company Snapshot
12.15.2. Overview
12.15.3. Financial Overview
12.15.4. Product Portfolio
12.15.5. Key Developments
12.15.6. Strategies
12.16. Neptune Orient Lines
12.16.1. Company Snapshot
12.16.2. Overview
12.16.3. Financial Overview
12.16.4. Product Portfolio
12.16.5. Key Developments
12.16.6. Strategies
12.17. SOVCOMFLOT
12.17.1. Company Snapshot
12.17.2. Overview
12.17.3. Financial Overview
12.17.4. Product Portfolio
12.17.5. Key Developments
12.17.6. Strategies
12.18. Others
12.18.1. Company Snapshot
12.18.2. Overview
12.18.3. Financial Overview
12.18.4. Product Portfolio
12.18.5. Key Developments
12.18.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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