1. Market Research
  2. > Maritime Market Trends
Marine Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Marine Propulsion Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • May 2018
  • 291 pages
  • ID: 5429872
  • Format: PDF
  • By Transparency Market Research

Summary

Table of Contents

Marine Propulsion Market – Overview
Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water.The setup of a propulsion system depends on the vessel size, transport system, and type of operation.

Diesel marine propulsion system is a common type of marine propulsion system.The segment constitutes more than 46% share of the global marine propulsion market.

Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels, and recreational vessels.In full electric marine propulsion systems, the engine is directly connected to the generator.

Full electric marine propulsion enhances the overall efficiency of the vessel and also reduces the carbon footprint. Full electric marine propulsion system consists of a series of motors and generators. Electric power is transmitted from the engine to the propeller shaft through the motor controller and electric motor.

Implementation of stringent regulations related to minimization of harmful carbon emissions has propelled the demand for advanced propulsion systems.Increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem.

Therefore, governments of several countries are funding and supporting development and adoption of the latest technology in marine propulsion systems.

Several firms are actively developing fuel-efficient marine propulsion systems.Rise in demand for small- and mid-size vessels with fuel-efficient propulsion systems used in inland waterways is expected to drive the global marine propulsion market during the forecast period.

Developed as well as developing countries are investing significantly in the defense sector. Demand for marine propulsion systems in Asia Pacific is gaining momentum due to the rise in seaborne trade and increase in the manufacture of new vessels as well as upgrade of existing vessels.

This report analyzes and forecasts the marine propulsion market at the global and regional level.The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year.

The study includes drivers and restraints of the global marine propulsion market.It also covers impact of these drivers and restraints on demand for marine propulsion during the forecast period.

The report also highlights opportunities in the marine propulsion market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global marine propulsion market.Porter’s Five Forces model for the marine propulsion market has also been included to help understand the competitive landscape.

The study encompasses market attractiveness analysis, wherein products and application are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global marine propulsion market by segmenting it in terms of propulsion type, transport, power rating, RPM, and region.In terms of propulsion type, the marine propulsion market has been classified into full electric, diesel, renewable, nuclear, gas turbine, fuel cell, hybrid, and others.

Based on transport, the marine propulsion market has been divided into inland waterways (passenger ships, goods transport ships, fishing boats, pleasure boats/water sports, and others) and coastal/cross-border waterways (offshore vessels {offshore support vessels, i.e. OSV, offshore construction vessels, i.e. OCV, oil exploration & drilling vessels, i.e. OEDV, and offshore production vessels}, fishing vessels, ferries, tugboats, cruise, cargo ships, defense vessels, and others). In terms of power rating, the global marine propulsion market has been segregated into 0-300 KW, 301-500 KW, 501-800 KW, and above 801 KW. Based on RPM, the market has been split into 0-1000 RPM, 1001-2500 RPM, and above 2500 RPM. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for marine propulsion in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual size of the marine propulsion market for 2017 and estimated size for 2018 with forecast for the next nine years.The global marine propulsion market has been provided in terms of revenue.

Market numbers have been estimated based on propulsion type, transport, power rating, and RPM of the marine propulsion market. Market revenue and size have been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global marine propulsion market. Key players operating in the marine propulsion market include Cummins Inc., Caterpillar Inc., AB Volvo Penta, BAE Systems, Wärtsilä Corporation, Rolls Royce Plc., Niigata Power Systems Co., Ltd., Fairbanks Morse Engine, Masson-Marine S.A.S., GE, STEYR MOTORS GmbH, MAN Diesel & Turbo SE, and Torqeedo GmbH. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global marine propulsion market has been segmented as follows:

Marine Propulsion Market, by Propulsion Type
Full Electric
Diesel
Renewable
Nuclear
Gas turbine
Fuel Cell
Hybrid
Others

Marine Propulsion Market, by Transport
Inland Waterways
Passenger Ships
Goods Transport Ships
Fishing Boats
Pleasure Boats/Water Sports
Others

Coastal/Cross-border Waterways
Offshore Vessels
Offshore Support Vessels
Offshore Construction Vessels
Oil Exploration and Drilling Vessels
Offshore Production Vessels
Fishing Vessels
Ferries
Tugboats
Cruise
Cargo Ships
Defense Vessels
Others

Marine Propulsion Market, by Power Rating
0-300 kW
301-500 kW
501-800 kW
Above 801 kW

Marine Propulsion Market, by RPM
0-1000 rpm
1001-2500 rpm
Above 2500 rpm

Marine Propulsion Market: By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Norway
Netherlands
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa
Key Takeaways

In terms of RPM, the 1,001-2,500 RPM segment constitutes the major share of the marine propulsion market
Diesel-based marine propulsion systems are widely used vis-à-vis other propulsion systems. Diesel-based marine propulsion systems account for approximately 50% share of the market.
Market share of diesel-based marine propulsion systems is estimated to decline in the next few years due to the strong focus on highly efficient and hybrid technologies
Asia Pacific holds significant share of the market. This trend is projected to continue during the forecast period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($5795)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Shipbuilding Market: Analysis By Ship Type, Application Type, By Region, By Country : Market Insight, Competition and Forecast

Global Shipbuilding Market: Analysis By Ship Type, Application Type, By Region, By Country : Market Insight, Competition and Forecast

  • $ 2400
  • January 2020

Executive SummaryThe Global Shipbuilding Market was valued at USD 256.05 billion in the year 2018. The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic ...

Integrated Bridge Systems Market by End User, Ship Type, Subsystem, Component And Region - Global Forecast to 2025

Integrated Bridge Systems Market by End User, Ship Type, Subsystem, Component And Region - Global Forecast to 2025

  • $ 4950
  • January 2020

Rise in maritime tourism and increase in world seaborne trade are major factors expected to drive the growth of the integrated bridge systems market globallyThe integrated bridge systems market size is ...

Fighting the Rising Costs of eCommerce with Optimized Shipping and Fulfillment

Fighting the Rising Costs of eCommerce with Optimized Shipping and Fulfillment

  • $ 4500
  • December 2019

This IDC Perspective addresses the rising costs that are accruing for retailers, brands, and manufacturers as a result of the rise in ecommerce, which is amplified during Black Friday, Cyber Monday, and ...

Global Marine Engines Industry $ 5450 October 2019

Global Cargo Shipping Industry $ 5450 October 2019


ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on