Global Marine Propulsion Engine Market to 2023: Bright Prospects of the Commercial Shipping Sector Bodes well for the Market

DUBLIN, Nov 14, 2018 /PRNewswire/ --

The "Global Marine Propulsion Engine Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global marine propulsion engine market will register revenue of close to USD 8 billion by 2023.

Global Marine Propulsion Engine Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. The report considers marine propulsion engines, which are powered by diesel or gas as a fuel source. For deluded definition refer to market sizing section.

One trend in the market is growth in demand for naval vessels. Nowadays, many nations are re-thinking their defense posture based on uncertainties in APAC, the Middle East, and Russia. Therefore, defense globalization is an emerging trend that is encouraging several nations to concentrate on sea-based defense and maritime security, surrounding global trade and local economic resources.

According to the report, one driver in the market is bright prospects of the commercial shipping sector. The global economy is now interlinked with world trade volumes. Global economies are expanding leading to an increase in international trade. Seaborne vessels play a significant role in international trade, as they aid in bulk commodity transportation. Container vessels are the most preferred marine vessels used for trading activities.

Further, the report states that one challenge in the market is ARPOL regulations. The increasing awareness about environmental pollution has led to ramifications on pollution in seas and oceans globally, with a significant focus on marine pollution caused by ships and other marine vessels. Marine propulsion engines use diesel as the major fuel source. Majority of the ships run on diesel engines globally. Such engines emit nitrous oxides, particulate matters, carbon oxides, hydrocarbons, and sulfur oxides that are not compliant with EPA's air quality standards.

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Market Trends

• Bright prospects of the commercial shipping sector
• ARPOL regulations
• Growth in demand for naval vessels

Key vendors

• Caterpillar
• Cummins
• Kawasaki Heavy Industries
• Mitsubushi Heavy Industries
• Wrtsil
• Yanmar

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TYPE

• Market segmentation by type
• Comparison by type
• Diesel - Market size and forecast 2018-2023
• Gas - Market size and forecast 2018-2023
• Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Americas - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 14: APPENDIX

• Research methodology
• List of abbreviations
  

For more information about this report visit https://www.researchandmarkets.com/research/2j6nh3/global_marine?w=5

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SOURCE Research and Markets