Marine Engineering Market, By Type (Mechanical Engineering, Electrical Engineering, Computer Science), By Application (Boats, Ships, Oil Rigs, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The Global Marine Engineering Market is estimated to be valued at USD 165.10 Bn in 2024 and is expected to reach USD 250.90 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 165.10 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.20%	2031 Value Projection:	US$ 250.90 Bn

Figure. Marine Engineering Market Share (%), By Region 2024

Marine engineering is a field that deals with engineering principles related to the development, design, construction, manufacturing, operation and maintenance of vessels and structures in a marine environment. Some of the key aspects of marine engineering include hull design, propulsion systems, marine auxiliary machinery, shipbuilding and material selection. With increasing globalization and trade, the demand for shipping and cargo transportation has been rising steadily. This has fueled growth in the marine engineering sector with more advanced vessels being developed to transport people and freight across the world efficiently.

Market Dynamics:

The global marine engineering market is driven by growing maritime trade volumes worldwide. Rising demand for energy and bulk commodities has increased the requirements for specialized cargo and crude oil tankers which need sophisticated marine engineering solutions. Furthermore, expanding offshore exploration and production activities have augmented the need for offshore support vessels, drilling rigs and floating production storage and offloading (FPSO) units.However, volatile energy prices hamper investments in new offshore projects. Additionally, tightening environmental regulations pose challenges for the sector in developing low-emission ship designs and engines. Meanwhile, growing emphasis on automated and unmanned vessel technologies present an opportunity for marine engineers to develop advanced autonomy systems.

Key features of the study:

This report provides in-depth analysis of the global marine engineering market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global marine engineering market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Shell, Petrobas, Pttep, Conocophilips, Chevron, Samsung Heavy Industries, Exxon Mobil, Equinor, DSME, and HUI.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global marine engineering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marine engineering market.

Market Segmentation

Type Insights (Revenue, USD Bn, 2019 - 2031)
- Mechanical Engineering
- Electrical Engineering
- Computer Science
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Boats
- Ships
- Oil Rigs
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Shell
- Petrobas
- Pttep
- Conocophilips
- Chevron
- Samsung Heavy Industries
- Exxon Mobil
- Equinor
- DSME
- HUI

Product Code: CMI7610

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Marine Engineering Market, By Type
- Marine Engineering Market, By Application
- Marine Engineering Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends

4. Marine Engineering Market, By Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Mechanical Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Electrical Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Computer Science
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Marine Engineering Market, By Application, 2024-2031, (USD BN)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Boats
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Ships
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Oil Rigs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Marine Engineering Market, By Region, 2024- 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa

7. Competitive Landscape

Shell
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Petrobas
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pttep
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Conocophilips
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chevron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Samsung Heavy Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Exxon Mobil
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Equinor
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
DSME
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
HUI
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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