Marine Propulsion Engine Market

“Marine Propulsion Engine Market - Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global marine propulsion engine market. A marine propulsion engine has generators that supply electric power to motors and operate on heavy fuel or diesel oil. It also comprises valves, towers, casings, bearings, bedplates, crankcases, crankshafts, flywheels, transformers, gearboxes, rotor blades, electrical controls, cylinder blocks, and liners. It is widely utilized in modern merchant ships and offshore support vessels as prime movers.

The increasing international trade represents one of the key factors propelling market growth. Moreover, leading players are focusing on enhancing the efficiency of marine propulsion engines to increase the cargo holding capacity of new-generation tankers. This, coupled with the escalating demand for liquefied natural gas (LNG) on account of rising environmental awareness among individuals, is strengthening the growth of the market.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the marine propulsion engine market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the marine propulsion engine market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the marine propulsion engine market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the marine propulsion engine industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the marine propulsion engine industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the marine propulsion engine industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the marine propulsion engine industry. Furthermore, the value chain analysis of the marine propulsion engine industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 
    
Key Segments and Highlights of the Global Marine Propulsion Engine Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the marine propulsion engine industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.