The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1% from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51% in 2015, and is anticipated to maintain this trend. Read More At: https://www.alliedmarketresearch.com/marine-propulsion-engine-market Marine propulsion engine creates thrust to move ship across the water by converting chemical energy to mechanical energy. Increase in production & sales of ships globally and rise in international seaborne trade drives the market growth. In addition, increase in demand for resources such as crude oil, coal, steel, and iron from developing countries is another driver for the growth of the market. However, stringent environmental rules & regulations and large capital investment required to set up new manufacturing facilities hamper the market growth. Moreover, rise in usage of inland waterways and advancement in technology, such as new alternative fuel propulsion engine, are expected to provide lucrative opportunities for new products and boost the market growth.

1. Marine Propulsion
Engine Market
Opportunities and Forecasts,
2014 - 2022
Published Date: Jan 2017 No of Pages: 180

2. • The marine propulsion engine market was valued at $9 billion in 2015 and is projected
to reach $12 billion by 2022, growing at a CAGR of 4.1% from 2016 to 2022, according to
a new report published by Allied Market Research.
• Diesel propulsion system segment is expected to maintain its dominance throughout the
forecast period. Asia-Pacific accounted for the highest share of 51% in 2015, and is
anticipated to maintain this trend.
• Marine propulsion engine creates thrust to move ship across the water by converting
chemical energy to mechanical energy. Increase in production & sales of ships globally
and rise in international seaborne trade drives the market growth.
• In addition, increase in demand for resources such as crude oil, coal, steel, and iron from
developing countries is another driver for the growth of the market. However, stringent
environmental rules & regulations and large capital investment required to set up new
manufacturing facilities hamper the market growth.
Read More At: https://www.alliedmarketresearch.com/marine-propulsion-engine-market
MARINE PROPULSION ENGINE MARKET - OVERVIEW

3. • Diesel
• Gas Turbine
• Natural Gas
• Others
• Cargo or container ship
• Tanker
• Bulk carrier
• Offshore vessel
• Passenger ship
• Others
By Ship
Type
By Power
Source
Marine Propulsion
Engine Market
MARINE PROPULSION ENGINE MARKET - SEGMENTATION

4. • In 2015, diesel propulsion engine led the overall marine propulsion engine market,
and is projected to grow at a CAGR of 2.8% during the forecast period.
• Natural gas propulsion engine segment is expected to grow at a remarkable CAGR of
7.1%.
• Cargo or container ship segment led the overall market in 2015, and is estimated to
grow at a CAGR of 2.8%.
• Bulk carrier segment is expected to grow at a remarkable CAGR of 5.4%.
• Asia-Pacific accounted for the largest market share in 2015, and is anticipated to grow
at a CAGR of 4.5%.
• China and South Korea are the major shareholders, accounting for about half share of
the Asia-Pacific marine propulsion engine market.
MARINE PROPULSION ENGINE MARKET - KEY FINDINGS

5. The major players profiled in this report include:
 Caterpillar
 Cummins Inc.
 Rolls-Royce Plc
 Wärtsilä
 MAN Diesel & Turbo
 Hyundai Heavy Industries Co., Ltd.
 MITSUBISHI HEAVY INDUSTRIES, LTD.
 Scania
 YANMAR CO., LTD.
 DAIHATSU DIESEL MFG.CO., LTD.
 Nigata Power Systems Co., Ltd.
 Fairbanks Morse Engine
 Masson-Marine
 General Electric Company
MARINE PROPULSION ENGINE MARKET - KEY PLAYERS

6. MARINE PROPULSION ENGINE MARKET - KEY BENEFITS
• The report includes an extensive analysis of the factors that drive as well as restrain
the global marine propulsion engine market.
• The market projections from 2014 to 2022 are included along with the affecting
factors.
• The report also provides quantitative as well as qualitative trends to assist the
stakeholders understand the situations that prevail in the market.
• An in-depth analysis of key segments demonstrates stakeholders with different types
of ships and different power sources.
• Competitive intelligence highlights the business practices followed by leading market
players across various geographies.

7. MARINE PROPULSION ENGINE MARKET – BY GEOGRAPHY
• North America
• Europe
• Asia – Pacific
• LAMEA

8. MARINE PROPULSION ENGINE MARKET – STATEMENT
BY ANALYST
Marine propulsion engine is a machine, which provides power to ships to move across
the water. Adoption rate of alternative fuel propulsion system is high as compared to
conventional diesel propulsion system, owing to their advantages such as low CO2
emission, flexibility, and significant NVH performance. Moreover, increase in carbon
footprint has fueled the demand for natural gas and fuel cell marine propulsion
engine. Asia-Pacific holds the significant share in market due to growth in shipbuilding
industry in China & South Korea
Eshan Hira, Research Analyst, Automotive & transportation, Allied Market Research,

9. MARINE PROPULSION ENGINE MARKET – STATEMENT
BY ANALYST
POLYMER NANOCOMPOSITES MARKET KEY BENEFITS
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