PUBLISHER: Value Market Research | PRODUCT CODE: 1547790
PUBLISHER: Value Market Research | PRODUCT CODE: 1547790
The global demand for Marine Diesel Engine Market is presumed to reach the market size of nearly USD 7.62 Billion by 2032 from USD 4.79 Billion in 2023 with a CAGR of 5.29% under the study period 2024-2032.
The purpose of marine engines is to propel vessels or ship from one port to another. Marine diesel engines resemble the self-ignition engine; however, they are larger, complex and offer higher efficiency. There are two types of marine engines two-stroke and four-stroke; however, about 75% of marine diesel engines are four-stroke engines. In marine diesel engines, combustion or ignition is created by using high cylinder pressure and heat, instead of using spark. Marine diesel engines offer superior energy extraction from fuel than other engines. The sulfur content is higher in marine diesel engines, which resist the growth of microbes during storage and enhances diesel fuel lubricity. This further makes the marine diesel engine more efficient.
Growing marine freight transport and rising maritime tourism are the predominant drivers of the global marine diesel engine. The other market boosters are higher efficiency and durability of marine diesel engines, inclining preferences toward diesel engines, advancement in technology, and growing attempts by the shipping industry to enhance the system. The other factors that are supporting the market include decreasing crude oil prices and rising global commercial trade.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Marine Diesel Engine. The growth and trends of Marine Diesel Engine industry provide a holistic approach to this study.
This section of the Marine Diesel Engine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Marine Diesel Engine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Marine Diesel Engine market include MAN Energy Solutions, Siemens, Caterpillar, Rolls-Royce, Cummins, IHI Corporation, Hyundai, Wartsila, Deere & Company, Anglo Belgian Corporation, Daihatsu Diesel Mfg. Co. Ltd., DEUTZ, Kawasaki Heavy Industries, Yanmar, Yuchai International, Scania, STX Heavy Industries, AB Volvo. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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