Marine Diesel Engine Trends and Forecast
The future of the global marine diesel engine market looks promising with opportunities in the bulk carrier, general cargo ship, container ship, ferry and passenger ship, and oil tanker markets. The global marine diesel engine market is expected to reach an estimated $13.9 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing demand for cargo ships and cruise ships, rising investments in the offshore oil and gas industry, and growing popularity of leisure boating.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Marine Diesel Engine by Segment
The study includes a forecast for the global marine diesel engine by ship type, type, technology, and region.
Marine Diesel Engine Market by Ship Type [Shipment Analysis by Value from 2018 to 2030]:
• Bulk Carriers
• General Cargo Ship
• Container Ship
• Ferries & Passenger Ships
• Oil Tankers
• Others
Marine Diesel Engine Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 2-Stroke
• 4-Stroke
Marine Diesel Engine Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Low Speed
• Medium Speed
• High Speed
Marine Diesel Engine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Marine Diesel Engine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marine diesel engine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marine diesel engine companies profiled in this report include-
• Cummins
• IHI Power Systems
• Siemens Energy
• Mitsubishi Corporation
• Caterpillar
• Wärtsilä
• John Deere
• Mercury Marine
• Bergen Engines
• Volvo Penta
Marine Diesel Engine Market Insights
Lucintel forecasts that high-speed is expected to witness the highest growth over the forecast period.
Within this market, bulk carrier is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Marine Diesel Engine Market
Market Size Estimates: Marine diesel engine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Marine diesel engine market size by ship type, type, technology, and region in terms of value ($B).
Regional Analysis: Marine diesel engine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different ship type, type, technology, and regions for the marine diesel engine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the marine diesel engine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the marine diesel engine market size?
Answer: The global marine diesel engine market is expected to reach an estimated $13.9 billion by 2030.
Q2. What is the growth forecast for marine diesel engine market?
Answer: The global marine diesel engine market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the marine diesel engine market?
Answer: The major drivers for this market are increasing demand for cargo ships and cruise ships, rising investments in the offshore oil and gas industry, and growing popularity of leisure boating.
Q4. What are the major segments for marine diesel engine market?
Answer: The future of the global marine diesel engine market looks promising with opportunities in the bulk carrier, general cargo ship, container ship, ferry and passenger ship, and oil tanker markets.
Q5. Who are the key marine diesel engine market companies?
Answer: Some of the key marine diesel engine companies are as follows:
• Cummins
• IHI Power Systems
• Siemens Energy
• Mitsubishi Corporation
• Caterpillar
• Wärtsilä
• John Deere
• Mercury Marine
• Bergen Engines
• Volvo Penta
Q6. Which marine diesel engine market segment will be the largest in future?
Answer: Lucintel forecasts that high-speed is expected to witness the highest growth over the forecast period.
Q7. In marine diesel engine market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the marine diesel engine market by ship type (bulk carriers, general cargo ship, container ship, ferries & passenger ships, oil tankers, and others), type (2-stroke and 4-stroke), technology (low speed, medium speed, and high speed), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Marine Diesel Engine Market, Marine Diesel Engine Market Size, Marine Diesel Engine Market Growth, Marine Diesel Engine Market Analysis, Marine Diesel Engine Market Report, Marine Diesel Engine Market Share, Marine Diesel Engine Market Trends, Marine Diesel Engine Market Forecast, Marine Diesel Engine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.