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Marine Propulsion Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Marine Propulsion Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • August 2018
  • 100 pages
  • ID: 5566885
  • Format: PDF
  • By Infinium

Summary

Table of Contents

The report on global marine propulsion market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The report predicts the global marine propulsion market to grow with a CAGR of 3.8% over the forecast period of 2018-2024. The study on marine propulsion market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Increasing government investments in ship building industry and inland waterways and increasing need for fuel-efficient ships drives the growth of the marine propulsion market. In addition increasing in cross border trading activities through marine sub-waters and growth in ecommerce sector are anticipated to boost the growth of the marine propulsion market. However, Increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem. This in turn is hampering the growth of the marine propulsion market. Shipping companies are required to comply with the International Maritime Organization (IMO) and the International Convention for the prevention of pollution from Ships emissions rules.
Furthermore, increasing cost in air cargo transport system is shifting its demand towards marine transportation that is providing several growth opportunities for the key layers in the marine propulsion market over the upcoming years. On the other hand development of electric motor, that reduce fossil fuel consumption will definitely have positive impact for the market growth.Hence,the depletion of shale gas and conventional reserves will increase the demand for LNG especially for the marine fuel.
Among the geographies, Asia Pacific is anticipated to be the most lucrative market for the marine propulsion market. The growth in the Asia Pacific is due to rise in seaborne trade and increase in the manufacture of new vessels as well as upgrade of existing vessels. Asian navies in particular are rapidly building their defense capabilities and this should increase the size of the marine propulsion engine market across the Asia Pacific region. Moreover, highly environment conscious in Europe and North America are projected to lead the global marine propulsion market in the near future.

The report on marine propulsion market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global marine propulsion market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global marine propulsion market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global marine propulsion market is segmented on the basis of power source, ship type, combustion type and output power rating.

Global Marine Propulsion Market by Power Source
- Diesel
- Gas Turbine
- Natural Gas
- Others(Steam Turbine,Renewable Energy,Fuel Cell)
Global Marine Propulsion Market by Ship Type
- Tanker
- Bulk Carrier
- Cargo Or Contanier Ship
- Offshore Vessel
- Passenger Ship
- Others
Global Marine Propulsion Market by Combustion Type
- 2-Stroke Engine
- 4-Stroke Engine
Global Marine Propulsion Market by Output Power Rating
- 80-750 Hp (light-to-medium Duty Engines)
- 1000-5000 Hp (light-to-medium Duty Engines)
- 5000-10,000 Hp (heavy Duty Engines)
- Above 10,000 Hp (heavy Duty Engines)

Company Profiles
- 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.

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of marine propulsion market .
2. Complete coverage of all the segments in marine propulsion market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global marine propulsion market . The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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