出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Marine Engines Market – Global Forecast to 2029
船舶用エンジン市場 : エンジン (推進＆補助)、タイプ (2 ストローク＆ 4 ストローク)、出力範囲 (最大 1,000 馬力、1,001 ～ 5,000 馬力、5,001 ～ 10,000 馬力、10,001 ～ 20,000 馬力＆20,000 馬力以上)、燃料、容器＆地域別- 2029年までの世界予測
Marine Engines Market by Engine (Propulsion and Auxiliary), Type (Two Stroke and Four Stroke), Power Range (Up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp, 10,001-20,000 hp, and Above 20,000 hp), Fuel, Vessel and Region – Global Forecast to 2029
| ページ数 | 323 |
| 図表数 | 392 |
| 価格 | |
| シングルユーザライセンス | USD 4,950 |
| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレートライセンス | USD 8,150 |
| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global marine engines market is on a trajectory to reach USD 15.2 billion by 2029, a notable increase from the estimated USD 13.1 billion in 2024, with a steady CAGR of 3.0% spanning the period from 2024 to 2029.
世界の船舶用エンジン市場は、2029年までに152億米ドルに達する軌道に乗っており、2024年の推定131億米ドルから顕著に増加しており、2024年から2029年にかけて3.0%の安定したCAGRで成長します。
The future of the marine engine market is poised for significant change, driven by a confluence of environmental concerns, technological advancements, and a growing focus on sustainability. Stricter environmental regulations and a global push for cleaner shipping will lead to a continued decline in the use of Heavy Fuel Oil (HFO). Cleaner alternatives like Liquefied Natural Gas (LNG) are expected to gain significant market share, particularly for new vessels. Biofuels and synthetic fuels derived from renewable sources are also emerging as promising options, although infrastructure development and cost competitiveness will be crucial factors. Manufacturers will focus on developing engines with improved fuel efficiency, lower emissions, and the capability to operate on multiple fuel types. Engines designed to seamlessly switch between traditional fuels like MGO and cleaner alternatives like LNG or biofuels will offer ship operators greater flexibility and adaptability to evolving regulations and fuel availability. Technologies that capture and utilize waste heat from engine operation for additional power generation or other onboard processes will improve overall energy efficiency. Integration of sensors, advanced controls, and remote monitoring systems will optimize engine performance, enable predictive maintenance, and improve operational efficiency. The entire maritime industry, including engine manufacturers, shipbuilders, and fuel suppliers, will collaborate towards achieving sustainability goals. This could involve the development of carbon-neutral fuels, investment in shore-side power infrastructure for ports, and the creation of regulations that incentivize the adoption of cleaner technologies. The future of the marine engine market is bright with innovation. The industry is on a trajectory towards cleaner, more efficient, and sustainable operations. As technology advances, regulations evolve, and the focus on environmental responsibility intensifies, we can expect to see significant changes in the types of engines powering the vessels that traverse our oceans.
“Oil tankers segment, by Vessel, to hold second-largest market share from 2024 to 2029.”
Oil tankers are designed to transport vast quantities of crude oil and refined petroleum products. These behemoths, particularly Ultra Large Crude Carriers (ULCCs) and Very Large Crude Carriers (VLCCs), require immensely powerful engines to overcome drag and efficiently navigate long distances across oceans. Oil tankers undertake long journeys, often spanning weeks, to transport oil from production sites to refineries or storage facilities. This necessitates engines built for continuous operation and exceptional reliability. Unlike some other vessel types that might prioritize fuel efficiency over raw power, oil tankers prioritize the ability to efficiently propel massive loads over long distances. This translates to a significant demand for high-horsepower, two-stroke engines that remain the dominant choice for these vessels. In conclusion, the immense size, cargo capacity, long-distance operation, and reliance on high-power engines make oil tankers the primary driver of the marine engine market, likely holding the second-largest market share in this sector.
“Auxiliary segment, by engine, to be the second-largest market from 2024 to 2029.”
Auxiliary engines hold the second-largest market share in the marine engine market. Auxiliary engines come in a range of power outputs, catering to the specific needs of different onboard systems. From smaller engines powering lighting systems to larger ones driving powerful pumps or winches, the versatility in auxiliary engine power contributes to their widespread use. Auxiliary engines play a critical role in ensuring the overall reliability of a vessel. They often operate in a redundant configuration, meaning there might be multiple auxiliary engines on board. This redundancy ensures that a malfunction in one engine doesn’t cripple vital onboard systems. Their reliable operation is essential for uninterrupted power supply and safe vessel operations. The increasing automation of onboard systems and the growing demand for amenities on passenger vessels necessitates a reliable source of power. This translates to a continued demand for auxiliary engines to support these evolving needs. Manufacturers are constantly developing auxiliary engines with improved fuel efficiency, lower emissions, and better noise reduction capabilities. These advancements make auxiliary engines a more environmentally friendly and cost-effective solution for onboard power generation. The extensive application across various vessel types, diverse power requirements, focus on redundancy and reliability, advancements in technology, and the growing complexity of onboard systems all contribute to auxiliary engines holding the second-largest market share in the marine engine sector. They are the workhorses behind the scenes, ensuring the smooth and efficient operation of a vessel, even if they aren’t directly responsible for propulsion.
“Europe to be second-largest region in marine engines market.”
Europe’s position as the second-largest market share holder in the marine engine market can be attributed to a confluence of factors that make it a hub for shipbuilding, technological innovation, and stringent environmental regulations. Europe boasts a long and rich history in shipbuilding, with renowned shipyards at the forefront of technological innovation. These shipyards often collaborate with engine manufacturers to develop and integrate cutting-edge engines into their vessels. This focus on advanced technology positions Europe as a leader in the high-power engine segment, particularly for large container ships and cruise liners. Europe enforces some of the world’s strictest environmental regulations for maritime emissions. This focus on clean air and water quality incentivizes the development and adoption of cleaner burning engines that comply with regulations in Emission Control Areas (ECAs), designated areas with stricter emission controls. European manufacturers are at the forefront of developing engines that utilize cleaner fuels like LNG and exploring alternative options like biofuels. European ship owners and maritime companies are increasingly prioritizing sustainability in their operations. This translates to a demand for cleaner and more efficient engines that meet not only current but also anticipated future environmental regulations. Engine manufacturers in Europe are actively developing future-proof technologies like dual-fuel engines capable of operating on cleaner alternatives alongside traditional fuels. Europe has a vast and diverse maritime fleet encompassing large container ships, cruise liners, ferries, offshore service vessels, and specialized research vessels. This diversity necessitates a wide range of engine types and powers, contributing to the overall market share held by European manufacturers catering to these varied needs. Europe’s strong shipbuilding tradition, focus on technological innovation, stringent environmental regulations, diverse maritime fleet, and robust after-sales infrastructure all contribute to its position as the second-largest market share holder in the marine engine market. However, competition from Asia and the high initial investment costs of cleaner technologies are challenges that European manufacturers need to navigate to maintain their leadership position.
Breakdown of Primaries:
In-depth interviews with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The primary interviews were distributed as follows:
- By Company Type: Tier 1-30%, Tier 2-55%, and Tier 3-15%
- By Designation: C-Level-30%, D-Level-20%, and Others-50%
- By Region: North America–18%, Europe–8%, Asia Pacific–60%, South America–4% and Middle East & Africa–10%.
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2021: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.
The marine engines market is predominantly governed by well-established global leaders. Notable players in the marine engines market include Caterpillar (US), Wärtsilä (Finland), AB Volvo Penta (Sweden), Man Energy Solutions (Germany), Rolls-Royce Plc (UK), Mitsubishi Heavy Industries, Ltd. (Japan), HDHyundai Heavy Industries Co., Ltd. (South Korea), Cummins Inc. (US), Daihatsu Diesel Mfg. Co., Ltd. (Japan), Deutz AG (Germany), and several others.
Research Coverage:
The report provides a comprehensive definition, description, and forecast of the marine engines market based on various parameters, including engine (Propulsion and Auxiliary), type (Four Stroke and Two Stroke), Power Range (Up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp, 10,001-20,000 hp, Above 20,000 hp), Fuel (Marine Diesel Oil, Others, Heavy Fuel Oil, and Marine Gas Oil), Vessel (Bulk Carrier, Oil Tankers, Offshore Support Vessels, General Cargo, Others, Container Ships, Tugs, and Product Tankers), and region (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report also offers a thorough qualitative and quantitative analysis of the marine engines market, encompassing a comprehensive examination of the key market drivers, limitations, opportunities, and challenges. Additionally, it covers critical facets of the market, such as an assessment of the competitive landscape, an analysis of market dynamics, value-based market estimates, and future trends in the marine engines market. The report provides investment and funding information of key players in the marine engines market.
Key Benefits of Buying the Report
The report is thoughtfully designed to benefit both established industry leaders and newcomers in the marine engines market. It provides reliable revenue forecasts for the entire market as well as its individual sub-segments. This data is a valuable resource for stakeholders, enabling them to gain a comprehensive understanding of the competitive landscape and formulate effective market strategies for their businesses. Furthermore, the report serves as a channel for stakeholders to grasp the current state of the market, providing essential insights into market drivers, limitations, challenges, and growth opportunities. By incorporating these insights, stakeholders can make well-informed decisions and stay informed about the constantly evolving dynamics of the marine engines industry.
• Analysis of key drivers: (Growth in international marine freight transport, Aging fleet, Adoption of smart engines for performance and safety), restraints (Stringent environmental regulations, Soaring freight rates and fees, Dependce on heavy liquid fluids), opportunities (Rise of e-commerce and online trade, Rising demand for duel fuel and hybrid engines), and challenges (Structural factors increasing maritime transport costs, Volatile oil & gas prices) influencing the growth of the marine engines market.
• Product Development/ Innovation: The marine engines market is in a constant state of evolution, with a primary focus on product development and innovation. Leading industry players like Caterpillar, Wärtsilä, Man Energy Solutions, and AB Volvo Penta are at the forefront of advancing their product offerings to address shifting demands and environmental considerations. There is a notable shift towards enhancing the intelligence of recloser.
• Market Development: The marine engine market is on an exciting trajectory, driven by a confluence of environmental concerns, technological advancements, and a growing emphasis on sustainability. Stricter environmental regulations and a global push for cleaner shipping are leading to a decline in the use of Heavy Fuel Oil (HFO). Liquefied Natural Gas (LNG) is emerging as a significant contender, particularly for new vessels. Biofuels and synthetic fuels derived from renewable sources are also gaining traction, although infrastructure development and cost competitiveness will be crucial factors in their wider adoption. Manufacturers are constantly innovating to develop engines with improved fuel efficiency, lower emissions, and the capability to operate on multiple fuel types. Dual-Fuel and Multi-Fuel Engines can seamlessly switch between traditional fuels like MGO and cleaner alternatives like LNG or biofuels, offering ship owners greater flexibility and adaptability to evolving regulations and fuel availability. Waste Heat Recovery Systems Technologies capture waste heat from engine operation for additional power generation or other onboard processes will improve overall energy efficiency. While internal combustion engines will likely remain dominant in the near future, alternative propulsion technologies like electric and hybrid systems are gaining traction, particularly for smaller vessels and harbor operations. Advancements in battery technology and efficient charging infrastructure will be crucial for wider adoption of electric propulsion in larger vessels. The entire maritime industry, including engine manufacturers, shipbuilders, fuel suppliers, and regulatory bodies, are increasingly collaborating towards achieving sustainability goals. This could involve the development of carbon-neutral fuels, investment in shore-side power infrastructure for ports, and the creation of regulations that incentivize the adoption of cleaner technologies. The development of the marine engine market is exciting and dynamic. As technology advances, regulations evolve, and the focus on environmental responsibility intensifies, we can expect to see a continued shift towards cleaner, more efficient, and sustainable marine propulsion solutions.
• Market Diversification: The marine engine market is undergoing significant diversification driven by a confluence of factors, including stricter environmental regulations, technological advancements, and the pursuit of sustainable practices. This diversification manifests in several key areas. Traditionally, the marine engine market relied heavily on Heavy Fuel Oil (HFO) due to its cost-effectiveness. However, stricter regulations aimed at reducing air and water pollution are driving a shift towards cleaner burning fuels. LNG is emerging as a significant alternative, particularly for new vessels. It offers lower emissions of sulfur oxides (SOx) and nitrogen oxides (NOx) compared to HFO. However, infrastructure development for LNG bunkering facilities is crucial for wider adoption. Derived from renewable sources like biomass or waste products, these fuels offer a carbon-neutral alternative. While still in their early stages of development, advancements in production methods and cost reduction could make them more viable options in the future. New engine technologies aim to reduce fuel consumption and operating costs while maintaining power output. This can involve advancements in combustion processes, waste heat recovery systems, and engine optimization software. Cleaner burning technologies like exhaust gas aftertreatment systems and selective catalytic reduction (SCR) are being developed to comply with stricter emission regulations. The marine engine market is no longer a one-size-fits-all solution. Market diversification is fostering innovation across fuel options, engine technologies, and after-sales services. This caters to the diverse needs of different vessel types and operational requirements. As environmental concerns intensify and the focus on sustainability grows, we can expect further diversification in the marine engine market with the development of even cleaner, more efficient, and future-proof propulsion solutions for the global maritime industry.
• Competitive Assessment: A comprehensive evaluation has been conducted to scrutinize the market presence, growth strategies, and service offerings of key players in the marine engines market. These prominent companies include Caterpillar (US), Wärtsilä (Finland), Man Energy Solutions (Germany), AB Volvo Penta (Sweden), Rolls-Royce Plc (UK), HDHyundai Heavy Industries Co., Ltd. (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), Cummins Inc. (US), Daihatsu Diesel Mfg. Co., Ltd. (Japan), Deutz AG (Germany), and others. This analysis provides in-depth insights into the competitive positions of these major players, their approaches to driving market growth, and the range of services they offer within the marine engines segment.
Table of Contents
1 INTRODUCTION 40
1.1 STUDY OBJECTIVES 40
1.2 MARKET DEFINITION 41
1.3 INCLUSIONS AND EXCLUSIONS 41
1.3.1 INCLUSIONS AND EXCLUSIONS, BY ENGINE 41
1.3.2 INCLUSIONS AND EXCLUSIONS, BY TYPE 42
1.3.3 INCLUSIONS AND EXCLUSIONS, BY POWER RANGE 42
1.3.4 INCLUSIONS AND EXCLUSIONS, BY FUEL 42
1.3.5 INCLUSIONS AND EXCLUSIONS, BY VESSEL 43
1.3.6 INCLUSIONS AND EXCLUSIONS, BY REGION 43
1.4 MARKET SCOPE 44
1.4.1 MARINE ENGINES MARKET SEGMENTATION 44
1.5 REGIONS COVERED 44
1.6 YEARS CONSIDERED 45
1.7 CURRENCY CONSIDERED 45
1.8 LIMITATIONS 45
1.9 STAKEHOLDERS 46
1.10 SUMMARY OF CHANGES 46
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 1 MARINE ENGINES MARKET: RESEARCH DESIGN 48
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 2 DATA TRIANGULATION 49
2.2.1 SECONDARY DATA 50
2.2.1.1 Key data from secondary sources 50
2.2.1.2 List of major secondary sources 50
2.2.2 PRIMARY DATA 51
2.2.2.1 Breakdown of primaries 51
2.2.2.2 Key data from primary sources 51
FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS: BY COMPANY TYPE, DESIGNATION, AND REGION 52
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR MARINE ENGINES 52
2.2.2.3 Participant companies for primary research 53
2.3 MARKET SIZE ESTIMATION 53
2.3.1 BOTTOM-UP APPROACH 53
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 53
2.3.2 TOP-DOWN APPROACH 54
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 54
2.3.3 DEMAND-SIDE ANALYSIS 55
2.3.3.1 Regional analysis 55
2.3.3.2 Country analysis 55
2.3.3.3 Demand-side assumptions 56
2.3.3.4 Demand-side calculations 56
2.3.4 SUPPLY-SIDE ANALYSIS 57
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF MARINE ENGINES 57
FIGURE 8 MARINE ENGINES MARKET: SUPPLY-SIDE ANALYSIS 58
2.3.4.1 Supply-side assumptions 58
2.3.4.2 Supply-side calculations 58
2.3.5 FORECAST 59
2.3.5.1 Impact of recession 59
2.3.5.2 Research assumptions 59
3 EXECUTIVE SUMMARY 60
TABLE 1 MARINE ENGINES MARKET SNAPSHOT 61
FIGURE 9 ASIA PACIFIC DOMINATED MARINE ENGINES MARKET IN 2023 62
FIGURE 10 PROPULSION ENGINES SEGMENT TO ACCOUNT FOR LARGER SHARE BETWEEN 2024 AND 2029 63
FIGURE 11 ABOVE 20,000 HP POWER RANGE SEGMENT TO LEAD MARINE ENGINES MARKET BETWEEN 2024 AND 2029 63
FIGURE 12 TWO-STROKE ENGINES SEGMENT TO DOMINATE MARINE ENGINES MARKET BETWEEN 2024 AND 2029 64
FIGURE 13 MARINE DIESEL OIL SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARINE ENGINES MARKET BETWEEN 2024 AND 2029 64
FIGURE 14 BULK CARRIERS TO LEAD MARINE ENGINES MARKET BETWEEN 2024 AND 2029 65
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARINE ENGINES MARKET 66
FIGURE 15 INTERNATIONAL MARINE FREIGHT TRANSPORT, OFFSHORE ACTIVITIES, AND ADOPTION OF SMART ENGINES FOR PERFORMANCE AND SAFETY TO DRIVE MARKET BETWEEN 2024 AND 2029 66
4.2 MARINE ENGINES MARKET, BY REGION 67
FIGURE 16 ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 67
4.3 ASIA PACIFIC: MARINE ENGINES MARKET, BY VESSEL AND COUNTRY, 2023 67
FIGURE 17 OIL TANKERS SEGMENT AND CHINA HELD LARGEST SHARES IN 2023 67
4.4 MARINE ENGINES MARKET, BY ENGINE, 2029 68
FIGURE 18 PROPULSION ENGINES SEGMENT TO ACCOUNT FOR LARGER SHARE 68
4.5 MARINE ENGINES MARKET, BY TYPE, 2029 68
FIGURE 19 TWO-STROKE SEGMENT TO DOMINATE MARINE ENGINES MARKET 68
4.6 MARINE ENGINES MARKET, BY POWER RANGE, 2029 69
FIGURE 20 ABOVE 20,000 HP SEGMENT TO HOLD LARGEST SHARE OF MARINE ENGINES MARKET 69
4.7 MARINE ENGINES MARKET, BY FUEL, 2029 69
FIGURE 21 MARINE DIESEL OIL SEGMENT TO DOMINATE MARINE ENGINES MARKET 69
4.8 MARINE ENGINES MARKET, BY VESSEL, 2029 70
FIGURE 22 BULK CARRIERS SEGMENT TO LEAD MARINE ENGINES MARKET 70
5 MARKET OVERVIEW 71
5.1 INTRODUCTION 71
5.2 MARKET DYNAMICS 72
FIGURE 23 MARINE ENGINES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 72
5.2.1 DRIVERS 72
5.2.1.1 Rising demand for marine freight transportation 72
FIGURE 24 WORLD SEABORNE TRADE, 2023 73
5.2.1.2 Flourishing cruise industry 73
FIGURE 25 GLOBAL CRUISE CAPACITY PROJECTIONS, 2016–2028 74
5.2.1.3 Growth in offshore activities 74
FIGURE 26 OFFSHORE OIL AND GAS PRODUCTION SCENARIO, 2016–2040 75
5.2.2 RESTRAINTS 75
5.2.2.1 Stringent environmental regulations to decarbonize shipping 75
FIGURE 27 CARBON DIOXIDE EMISSIONS BY MAIN VESSEL TYPE, 2012–2023 (TON) 76
5.2.2.2 Geopolitical uncertainties and potential disruptions to trade routes 76
FIGURE 28 AVERAGE DISTANCE TRAVELLED, 1999–2024 (NAUTICAL MILE) 77
5.2.2.3 Technological hurdles in use of alternative fuels for marine engines 77
FIGURE 29 NUMBER OF SHIPS OPERATING ON ALTERNATIVE MARINE FUELS, 2023 78
5.2.3 OPPORTUNITIES 78
5.2.3.1 Enhancements in fuel efficiency offers significant opportunities 78
5.2.3.2 Rising demand for dual-fuel and hybrid engines 79
5.2.3.3 Digitalization and automation in marine industry 79
5.2.4 CHALLENGES 80
5.2.4.1 Structural factors increasing maritime transport costs 80
5.2.4.2 uel price volatility 81
FIGURE 30 AVERAGE CRUDE OIL PRICES, 2015–2024 82
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 82
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARINE ENGINE PROVIDERS 82
FIGURE 31 REVENUE SHIFT FOR MARINE ENGINE PROVIDERS 83
5.4 ECOSYSTEM ANALYSIS 83
FIGURE 32 MARINE ENGINES MARKET: KEY PLAYERS IN ECOSYSTEM 83
TABLE 2 MARINE ENGINES MARKET: ROLE IN ECOSYSTEM 84
5.5 INVESTMENT AND FUNDING SCENARIO 86
FIGURE 33 FUNDING RAISED BY TOP PLAYERS IN MARINE ENGINES MARKET, 2020–2024 86
5.6 SUPPLY CHAIN ANALYSIS 86
FIGURE 34 SUPPLY CHAIN ANALYSIS: MARINE ENGINES MARKET 87
5.6.1 RAW MATERIAL PROVIDERS/SUPPLIERS 87
5.6.2 COMPONENT MANUFACTURERS 87
5.6.3 MARINE ENGINE MANUFACTURERS/ASSEMBLERS 88
5.6.4 DISTRIBUTORS 88
5.6.5 END USERS 88
5.6.6 POST-SALES SERVICES 88
5.7 TECHNOLOGY ANALYSIS 89
5.7.1 KEY TECHNOLOGIES 89
5.7.1.1 Liquefied Natural Gas (LNG) engines 89
5.7.1.2 Hybrid and electric marine propulsion 89
5.8 PRICING ANALYSIS 90
5.8.1 INDICATIVE PRICING ANALYSIS, BY POWER RANGE 90
TABLE 3 INDICATIVE PRICING ANALYSIS OF MARINE ENGINES, 2023 90
5.8.2 AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 91
5.9 KEY CONFERENCES AND EVENTS, 2024–2025 91
TABLE 4 MARINE ENGINES MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 91
5.10 TARIFFS, CODES, AND REGULATIONS 93
5.10.1 TARIFFS RELATED TO MARINE ENGINES 93
TABLE 5 IMPORT TARIFFS IN TERMS OF % OF IMPORTED VALUE FOR HS 840810 MARINE PROPULSION ENGINES IN 2022 93
5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 7 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 9 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
5.10.3 CODES AND REGULATIONS RELATED TO MARINE ENGINES 99
TABLE 10 MARINE ENGINES: CODES AND REGULATIONS 99
5.11 TRADE ANALYSIS 101
5.11.1 TRADE ANALYSIS FOR COMPRESSION-IGNITION INTERNAL COMBUSTION PISTON ENGINE”DIESEL OR SEMI-DIESEL ENGINE, ” FOR MARINE PROPULSION 101
5.11.2 IMPORT DATA 101
TABLE 11 IMPORT SCENARIO FOR HS CODE 840810 – COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 101
FIGURE 35 IMPORT DATA FOR HS CODE 840810-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 (USD THOUSAND) 102
5.11.3 EXPORT DATA 102
TABLE 12 EXPORT SCENARIO FOR HS CODE 840810-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 102
FIGURE 36 EXPORT DATA FOR HS CODE 840810-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 (USD THOUSAND) 103
5.12 PATENT ANALYSIS 104
FIGURE 37 MARINE ENGINES MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2013–2023 104
TABLE 13 MARINE ENGINES MARKET: INNOVATIONS AND PATENT REGISTRATIONS, DECEMBER 2020–DECEMBER 2023 105
5.13 PORTER’S FIVE FORCES ANALYSIS 106
FIGURE 38 PORTER’S FIVE FORCES ANALYSIS FOR MARINE ENGINES MARKET 106
TABLE 14 MARINE ENGINES MARKET: PORTER’S FIVE FORCES ANALYSIS 106
5.13.1 THREAT OF SUBSTITUTES 107
5.13.2 BARGAINING POWER OF SUPPLIERS 107
5.13.3 BARGAINING POWER OF BUYERS 107
5.13.4 THREAT OF NEW ENTRANTS 107
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 108
5.14 KEY STAKEHOLDERS & BUYING CRITERIA 108
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 108
FIGURE 39 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VESSEL TYPES 108
TABLE 15 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VESSEL TYPES 108
5.14.2 BUYING CRITERIA 109
FIGURE 40 KEY BUYING CRITERIA FOR TOP 3 VESSEL TYPES 109
TABLE 16 KEY BUYING CRITERIA FOR TOP 3 VESSEL TYPES 109
5.15 CASE STUDY ANALYSIS 109
5.15.1 MAINTAINING MANEUVERABILITY AND MEETING REGULATIONS: BISSO TOWBOAT UPGRADES FLEET WITH MODERN ASD TRACTOR TUG 109
5.15.1.1 Problem statement 109
5.15.1.2 Solution 110
5.15.2 POWERING GREEN GROWTH: EDDA WIND EQUIPS FLEET FOR SUSTAINABLE OFFSHORE WIND OPERATIONS 110
5.15.2.1 Problem statement 110
5.15.2.2 Solution 110
5.15.3 POWERING SUSTAINABLE BALTIC SEA TRAVEL: FINNLINES INTEGRATES HYBRID TECHNOLOGY FOR ECO-FRIENDLY FERRY OPERATIONS 110
5.15.3.1 Problem statement 110
5.15.3.2 Solution 110
5.15.4 SEASPAN FERRIES CHARTS COURSE FOR SUSTAINABLE SHIPPING WITH HYBRID TECHNOLOGY AND OPERATIONAL OPTIMIZATION 111
5.15.4.1 Problem statement 111
5.15.4.2 Solution 111
6 MARINE ENGINES MARKET, BY TYPE 112
6.1 INTRODUCTION 113
FIGURE 41 MARINE ENGINES MARKET SHARE, BY TYPE, 2023 113
TABLE 17 MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 113
TABLE 18 MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 113
6.2 TWO-STROKE 114
6.2.1 COST REDUCTION DUE TO LOW-GRADE FUEL TO DRIVE MARKET 114
TABLE 19 TWO-STROKE MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 114
TABLE 20 TWO-STROKE MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 114
6.3 FOUR-STROKE 115
6.3.1 DEMAND FOR PASSENGER BOATS AND FERRIES TO DRIVE MARKET 115
TABLE 21 FOUR-STROKE MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 115
TABLE 22 FOUR-STROKE MARINE ENGINES MARKET SIZE, BY REGION, 2024–2029 (USD MILLION) 115
7 MARINE ENGINES MARKET, BY ENGINE 116
7.1 INTRODUCTION 117
FIGURE 42 MARINE ENGINES MARKET SHARE, BY ENGINE, 2023 117
TABLE 23 MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 117
TABLE 24 MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 117
7.2 PROPULSION ENGINES 118
7.2.1 PRIME MOVERS OF SHIPS TO DRIVE MARKET 118
TABLE 25 PROPULSION ENGINES: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 26 PROPULSION ENGINES: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 119
7.3 AUXILIARY ENGINES 119
7.3.1 SMOOTH OPERATION OF VESSEL’S PRIMARY ENGINES, PIPING SYSTEMS, AND EQUIPMENT TO DRIVE MARKET 119
TABLE 27 AUXILIARY ENGINES: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 28 AUXILIARY ENGINES: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 120
8 MARINE ENGINES MARKET, BY POWER RANGE 121
8.1 INTRODUCTION 122
FIGURE 43 MARINE ENGINES MARKET SHARE, BY POWER RANGE, 2023 122
TABLE 29 MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 122
TABLE 30 MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 122
8.2 UP TO 1,000 HP 123
8.2.1 APPLICATIONS IN SMALLER VESSELS TO DRIVE MARKET 123
TABLE 31 UP TO 1,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 123
TABLE 32 UP TO 1,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 123
TABLE 33 UP TO 1,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (UNIT) 123
TABLE 34 UP TO 1,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (UNIT) 124
8.3 1,001–5,000 HP 124
8.3.1 EFFICIENT OPERATION AND FUEL ECONOMY TO DRIVE MARKET 124
TABLE 35 1,001–5,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 124
TABLE 36 1,001–5,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 125
TABLE 37 1,001–5,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (UNIT) 125
TABLE 38 1,001–5,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (UNIT) 125
8.4 5,001–10,000 HP 126
8.4.1 LARGER CARGO LOADS AND MAINTENANCE OF EFFICIENT OPERATIONS OVER EXTENDED DISTANCES TO DRIVE MARKET 126
TABLE 39 5,001–10,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 126
TABLE 40 5,001–10,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 126
TABLE 41 5,001–10,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (UNIT) 127
TABLE 42 5,001–10,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (UNIT) 127
8.5 10,001–20,000 HP 127
8.5.1 EXCEPTIONAL POWER DELIVERY CAPABILITIES FOR LARGE CARRIERS TO DRIVE MARKET 127
TABLE 43 10,001–20,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 44 10,001–20,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 128
TABLE 45 10,001–20,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (UNIT) 128
TABLE 46 10,001–20,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (UNIT) 129
8.6 ABOVE 20,000 HP 129
8.6.1 POWER FOR CONTAINER GIANTS AND SUPERTANKERS TO DRIVE MARKET 129
TABLE 47 ABOVE 20,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 129
TABLE 48 ABOVE 20,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 130
TABLE 49 ABOVE 20,000 HP MARINE ENGINES MARKET, BY REGION, 2020–2023 (UNIT) 130
TABLE 50 ABOVE 20,000 HP MARINE ENGINES MARKET, BY REGION, 2024–2029 (UNIT) 130
9 MARINE ENGINES MARKET, BY FUEL 131
9.1 INTRODUCTION 132
FIGURE 44 MARINE ENGINES MARKET SHARE, BY FUEL, 2023 132
TABLE 51 MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 132
TABLE 52 MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 132
9.2 HEAVY FUEL OIL 133
9.2.1 HIGH SULFUR CONTENT TO CAUSE DECLINE IN MARKET SHARE 133
TABLE 53 HEAVY FUEL OIL: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 133
TABLE 54 HEAVY FUEL OIL: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 133
9.3 MARINE DIESEL OIL 134
9.3.1 EFFICIENT AND RELIABLE PERFORMANCE ACROSS VARIOUS VESSELS AND MARINE OPERATIONS TO DRIVE MARKET 134
TABLE 55 MARINE DIESEL OIL: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 134
TABLE 56 MARINE DIESEL OIL: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 134
9.4 MARINE GAS OIL 135
9.4.1 HIGHEST-GRADE MARINE OIL FOR FASTER MOVING ENGINES TO DRIVE MARKET 135
TABLE 57 MARINE GAS OIL: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 135
TABLE 58 MARINE GAS OIL: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 135
9.5 OTHER FUELS 136
TABLE 59 OTHER FUELS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 136
TABLE 60 OTHER FUELS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 136
10 MARINE ENGINES MARKET, BY VESSEL 137
10.1 INTRODUCTION 138
FIGURE 45 MARINE ENGINES MARKET SHARE, BY VESSEL, 2023 138
TABLE 61 MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 139
TABLE 62 MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 139
10.2 OFFSHORE SUPPORT VESSELS 139
10.2.1 DIVERSE SUPPORT OPERATIONS TO DRIVE MARKET 139
TABLE 63 OFFSHORE SUPPORT VESSELS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 140
TABLE 64 OFFSHORE SUPPORT VESSELS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 140
10.3 OIL TANKERS 140
10.3.1 VITAL ROLE IN GLOBAL OIL TRANSPORTATION TO DRIVE MARKET 140
TABLE 65 OIL TANKERS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 66 OIL TANKERS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 141
10.4 BULK CARRIERS 141
10.4.1 ENVIRONMENTALLY EFFICIENT AND WIDE RANGE OF SIZES TO DRIVE MARKET 141
TABLE 67 BULK CARRIERS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 142
TABLE 68 BULK CARRIERS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 142
10.5 GENERAL CARGO 142
10.5.1 GREATER EFFICIENCY AND PROTECTION PROVIDED BY CONTAINER SHIPS TO REDUCE DEMAND 142
TABLE 69 GENERAL CARGO: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 143
TABLE 70 GENERAL CARGO: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 143
10.6 CONTAINER SHIPS 143
10.6.1 EFFICIENCY PROVIDED BY STANDARDIZED SHIPPING CONTAINERS TO DRIVE MARKET 143
TABLE 71 CONTAINER SHIPS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 144
TABLE 72 CONTAINER SHIPS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 144
10.7 PRODUCT TANKERS 144
10.7.1 TRANSPORT OF REFINED PETROLEUM PRODUCTS TO DRIVE MARKET 144
TABLE 73 PRODUCT TANKERS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 145
TABLE 74 PRODUCT TANKERS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 145
10.8 TUGS 145
10.8.1 WORKHORSES OF MARITIME INDUSTRY TO DRIVE MARKET 145
TABLE 75 TUGS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 146
TABLE 76 TUGS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 146
10.9 OTHER VESSELS 146
TABLE 77 OTHERS: MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 146
TABLE 78 OTHERS: MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 147
11 MARINE ENGINES MARKET, BY REGION 148
11.1 INTRODUCTION 149
FIGURE 46 MARINE ENGINES MARKET SHARE, BY REGION, 2023 149
FIGURE 47 MARINE ENGINES MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2024 TO 2029 150
TABLE 79 MARINE ENGINES MARKET, BY REGION, 2020–2023 (USD MILLION) 150
TABLE 80 MARINE ENGINES MARKET, BY REGION, 2024–2029 (USD MILLION) 150
11.2 ASIA PACIFIC 151
11.2.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC 151
FIGURE 48 ASIA PACIFIC: MARINE ENGINES MARKET SNAPSHOT 152
TABLE 81 ASIA PACIFIC: MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 152
TABLE 82 ASIA PACIFIC: MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 152
TABLE 83 ASIA PACIFIC: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 153
TABLE 84 ASIA PACIFIC: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 153
TABLE 85 ASIA PACIFIC: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 153
TABLE 86 ASIA PACIFIC: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 153
TABLE 87 ASIA PACIFIC: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (UNIT) 154
TABLE 88 ASIA PACIFIC: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (UNIT) 154
TABLE 89 ASIA PACIFIC: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 154
TABLE 90 ASIA PACIFIC: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 155
TABLE 91 ASIA PACIFIC: MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 155
TABLE 92 ASIA PACIFIC: MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 155
TABLE 93 ASIA PACIFIC: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 156
TABLE 94 ASIA PACIFIC: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 156
11.2.2 CHINA 156
11.2.2.1 Robust shipbuilding industry and economic growth to drive market 156
TABLE 95 CHINA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 157
TABLE 96 CHINA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 157
TABLE 97 CHINA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 158
TABLE 98 CHINA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 158
11.2.3 JAPAN 158
11.2.3.1 Ongoing recession expected to have adverse effects on market growth 158
TABLE 99 JAPAN: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 159
TABLE 100 JAPAN: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 159
TABLE 101 JAPAN: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 159
TABLE 102 JAPAN: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 160
11.2.4 SOUTH KOREA 160
11.2.4.1 Surge in shipbuilding activity to boost market 160
TABLE 103 SOUTH KOREA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 160
TABLE 104 SOUTH KOREA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 161
TABLE 105 SOUTH KOREA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 161
TABLE 106 SOUTH KOREA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 161
11.2.5 PHILIPPINES 162
11.2.5.1 Focus on producing bulk carriers, container ships, and tankers to drive market 162
TABLE 107 PHILIPPINES: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 162
TABLE 108 PHILIPPINES: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 162
TABLE 109 PHILIPPINES: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 163
TABLE 110 PHILIPPINES: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 163
11.2.6 VIETNAM 163
11.2.6.1 Government initiatives aimed at developing and enhancing shipbuilding industry to drive market 163
TABLE 111 VIETNAM: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 164
TABLE 112 VIETNAM: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 164
TABLE 113 VIETNAM: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 164
TABLE 114 VIETNAM: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 165
11.2.7 REST OF ASIA PACIFIC 165
TABLE 115 REST OF ASIA PACIFIC: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 165
TABLE 116 REST OF ASIA PACIFIC: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 165
TABLE 117 REST OF ASIA PACIFIC: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 166
TABLE 118 REST OF ASIA PACIFIC: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 166
11.3 EUROPE 166
11.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE 167
FIGURE 49 EUROPE: MARINE ENGINES MARKET SNAPSHOT 167
TABLE 119 EUROPE: MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 168
TABLE 120 EUROPE: MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 168
TABLE 121 EUROPE: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 168
TABLE 122 EUROPE: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 168
TABLE 123 EUROPE: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 168
TABLE 124 EUROPE: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 169
TABLE 125 EUROPE: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (UNIT) 169
TABLE 126 EUROPE: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (UNIT) 169
TABLE 127 EUROPE: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 170
TABLE 128 EUROPE: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 170
TABLE 129 EUROPE: MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 170
TABLE 130 EUROPE: MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 171
TABLE 131 EUROPE: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 171
TABLE 132 EUROPE: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 171
11.3.2 GERMANY 172
11.3.2.1 Development of climate-friendly maritime technologies to drive market 172
TABLE 133 GERMANY: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 172
TABLE 134 GERMANY: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 172
TABLE 135 GERMANY: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 172
TABLE 136 GERMANY: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 173
11.3.3 ITALY 173
11.3.3.1 Ro-Ro, passenger cabotage routes, and investments in LNG and hydrogen to drive market 173
TABLE 137 ITALY: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 173
TABLE 138 ITALY: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 173
TABLE 139 ITALY: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 174
TABLE 140 ITALY: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 174
11.3.4 RUSSIA 174
11.3.4.1 Upgrading and strengthening local shipbuilding industry to drive market 174
TABLE 141 RUSSIA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 175
TABLE 142 RUSSIA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 175
TABLE 143 RUSSIA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 176
TABLE 144 RUSSIA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 176
11.3.5 FINLAND 176
11.3.5.1 Promotion of green shipping corridors and eco-friendly transport to drive market 176
TABLE 145 FINLAND: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 177
TABLE 146 FINLAND: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 177
TABLE 147 FINLAND: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 177
TABLE 148 FINLAND: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 178
11.3.6 FRANCE 178
11.3.6.1 Zero-emission aim by mid-century to drive market 178
TABLE 149 FRANCE: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 178
TABLE 150 FRANCE: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 178
TABLE 151 FRANCE: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 179
TABLE 152 FRANCE: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 179
11.3.7 REST OF EUROPE 179
TABLE 153 REST OF EUROPE: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 180
TABLE 154 REST OF EUROPE: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 180
TABLE 155 REST OF EUROPE: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 180
TABLE 156 REST OF EUROPE: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 180
11.4 NORTH AMERICA 181
11.4.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA 181
TABLE 157 NORTH AMERICA: MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 181
TABLE 158 NORTH AMERICA: MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 182
TABLE 159 NORTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 182
TABLE 160 NORTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 182
TABLE 161 NORTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 182
TABLE 162 NORTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 183
TABLE 163 NORTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (UNIT) 183
TABLE 164 NORTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (UNIT) 183
TABLE 165 NORTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 184
TABLE 166 NORTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 184
TABLE 167 NORTH AMERICA: MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 184
TABLE 168 NORTH AMERICA: MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 185
TABLE 169 NORTH AMERICA: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 185
TABLE 170 NORTH AMERICA: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 185
11.4.2 US 185
11.4.2.1 Investments in shipyards and growth in international trade to drive market 185
TABLE 171 US: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 186
TABLE 172 US: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 186
TABLE 173 US: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 186
TABLE 174 US: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 187
11.4.3 CANADA 187
11.4.3.1 National Shipbuilding Strategy to drive market 187
TABLE 175 CANADA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 187
TABLE 176 CANADA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 188
TABLE 177 CANADA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 188
TABLE 178 CANADA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 188
11.4.4 MEXICO 188
11.4.4.1 Investments in port infrastructure projects for economic development to drive market 188
TABLE 179 MEXICO: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 189
TABLE 180 MEXICO: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 189
TABLE 181 MEXICO: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 189
TABLE 182 MEXICO: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 190
11.5 MIDDLE EAST & AFRICA 190
11.5.1 IMPACT OF RECESSION ON MARKET IN MIDDLE EAST & AFRICA 190
TABLE 183 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 190
TABLE 184 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 191
TABLE 185 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 191
TABLE 186 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 191
TABLE 187 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 191
TABLE 188 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 192
TABLE 189 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (UNIT) 192
TABLE 190 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (UNIT) 192
TABLE 191 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 193
TABLE 192 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 193
TABLE 193 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 193
TABLE 194 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 194
TABLE 195 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 194
TABLE 196 MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 194
11.5.2 GCC COUNTRIES 195
11.5.2.1 Heavy investments in expanding and modernizing port infrastructure to drive market 195
TABLE 197 GCC COUNTRIES: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 195
TABLE 198 GCC COUNTRIES: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 195
11.5.3 UAE 196
11.5.3.1 Trade hub connecting major regions to drive market 196
TABLE 199 UAE: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 196
TABLE 200 UAE: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 196
TABLE 201 UAE: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 196
TABLE 202 UAE: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 197
11.5.4 REST OF GCC COUNTRIES 197
TABLE 203 REST OF GCC COUNTRIES: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 198
TABLE 204 REST OF GCC COUNTRIES: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 198
TABLE 205 REST OF GCC COUNTRIES: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 198
TABLE 206 REST OF GCC COUNTRIES: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 199
11.5.5 TURKEY 199
11.5.5.1 Demand for eco-friendly vessels and integration of green technologies to drive market 199
TABLE 207 TURKEY: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 199
TABLE 208 TURKEY: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 200
TABLE 209 TURKEY: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 200
TABLE 210 TURKEY: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 200
11.5.6 SOUTH AFRICA 200
11.5.6.1 Shipbreaking and ship repair industry to drive market 200
TABLE 211 SOUTH AFRICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 201
TABLE 212 SOUTH AFRICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 201
TABLE 213 SOUTH AFRICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 201
TABLE 214 SOUTH AFRICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 202
11.5.7 EGYPT 202
11.5.7.1 Freight transport through Suez Canal to drive market 202
TABLE 215 EGYPT: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 202
TABLE 216 EGYPT: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 202
TABLE 217 EGYPT: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 203
TABLE 218 EGYPT: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 203
11.5.8 REST OF MIDDLE EAST & AFRICA 203
TABLE 219 REST OF MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 203
TABLE 220 REST OF MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 204
TABLE 221 REST OF MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 204
TABLE 222 REST OF MIDDLE EAST & AFRICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 204
11.6 SOUTH AMERICA 205
11.6.1 IMPACT OF RECESSION ON MARKET IN SOUTH AMERICA 205
TABLE 223 SOUTH AMERICA: MARINE ENGINES MARKET, BY ENGINE, 2020–2023 (USD MILLION) 205
TABLE 224 SOUTH AMERICA: MARINE ENGINES MARKET, BY ENGINE, 2024–2029 (USD MILLION) 205
TABLE 225 SOUTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 205
TABLE 226 SOUTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 206
TABLE 227 SOUTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (USD MILLION) 206
TABLE 228 SOUTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (USD MILLION) 206
TABLE 229 SOUTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2020–2023 (UNIT) 207
TABLE 230 SOUTH AMERICA: MARINE ENGINES MARKET, BY POWER RANGE, 2024–2029 (UNIT) 207
TABLE 231 SOUTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 207
TABLE 232 SOUTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 208
TABLE 233 SOUTH AMERICA: MARINE ENGINES MARKET, BY VESSEL, 2020–2023 (USD MILLION) 208
TABLE 234 SOUTH AMERICA: MARINE ENGINES MARKET, BY VESSEL, 2024–2029 (USD MILLION) 208
TABLE 235 SOUTH AMERICA: MARINE ENGINES MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 209
TABLE 236 SOUTH AMERICA: MARINE ENGINES MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 209
11.6.2 BRAZIL 209
11.6.2.1 Growing offshore oil exploration to drive market 209
TABLE 237 BRAZIL: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 209
TABLE 238 BRAZIL: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 210
TABLE 239 BRAZIL: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 210
TABLE 240 BRAZIL: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 210
11.6.3 ARGENTINA 210
11.6.3.1 Rising shipbuilding sector to drive market 210
TABLE 241 ARGENTINA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 211
TABLE 242 ARGENTINA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 211
TABLE 243 ARGENTINA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 211
TABLE 244 ARGENTINA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 211
11.6.4 REST OF SOUTH AMERICA 212
TABLE 245 REST OF SOUTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2020–2023 (USD MILLION) 212
TABLE 246 REST OF SOUTH AMERICA: MARINE ENGINES MARKET, BY TYPE, 2024–2029 (USD MILLION) 212
TABLE 247 REST OF SOUTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2020–2023 (USD MILLION) 212
TABLE 248 REST OF SOUTH AMERICA: MARINE ENGINES MARKET, BY FUEL, 2024–2029 (USD MILLION) 213
12 COMPETITIVE LANDSCAPE 214
TABLE 249 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, APRIL 2020–FEBRUARY 2024 214
12.1 KEY PLAYER STRATEGIES 215
12.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 216
TABLE 250 MARINE ENGINES MARKET: DEGREE OF COMPETITION 216
FIGURE 50 MARINE ENGINES MARKET SHARE ANALYSIS, 2023 217
12.3 REVENUE ANALYSIS 218
FIGURE 51 TOP PLAYERS IN MARINE ENGINES MARKET FROM 2018 TO 2022 218
12.4 COMPANY EVALUATION MATRIX 219
12.4.1 STARS 219
12.4.2 PERVASIVE PLAYERS 219
12.4.3 EMERGING LEADERS 219
12.4.4 PARTICIPANTS 219
FIGURE 52 MARINE ENGINES MARKET: COMPANY EVALUATION MATRIX, 2023 220
12.4.5 OVERALL COMPANY FOOTPRINT (20 COMPANIES) 221
FIGURE 53 OVERALL COMPANY FOOTPRINT (20 COMPANIES) 221
12.4.6 FUEL: COMPANY FOOTPRINT (25 COMPANIES) 222
TABLE 251 FUEL: COMPANY FOOTPRINT (25 COMPANIES) 222
12.4.7 POWER RANGE: COMPANY FOOTPRINT (25 COMPANIES) 223
TABLE 252 POWER RANGE: COMPANY FOOTPRINT (25 COMPANIES) 223
12.4.8 ENGINE: COMPANY FOOTPRINT (25 COMPANIES) 224
TABLE 253 ENGINE: COMPANY FOOTPRINT (25 COMPANIES) 224
12.4.9 TYPE: COMPANY FOOTPRINT (25 COMPANIES) 225
TABLE 254 TYPE: COMPANY FOOTPRINT (25 COMPANIES) 225
12.4.10 REGION: COMPANY FOOTPRINT (25 COMPANIES) 226
TABLE 255 REGION: COMPANY FOOTPRINT (25 COMPANIES) 226
12.4.11 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 227
12.4.12 PROGRESSIVE COMPANIES 227
12.4.13 RESPONSIVE COMPANIES 227
12.4.14 DYNAMIC COMPANIES 227
12.4.15 STARTING BLOCKS 227
FIGURE 54 MARINE ENGINES MARKET: STARTUP/SME EVALUATION MATRIX, 2023 228
12.4.16 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023 229
TABLE 256 MARINE ENGINES MARKET: LIST OF KEY STARTUPS/SMES 229
TABLE 257 MARINE ENGINES MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 229
12.5 COMPANY VALUATION AND FINANCIAL METRICS 230
FIGURE 55 EV/EBITDA OF KEY VENDORS 230
FIGURE 56 COMPANY VALUATION OF KEY VENDORS 230
12.6 MARINE ENGINES MARKET: BRAND/PRODUCT COMPARISON 231
FIGURE 57 BRAND/PRODUCT COMPARISON OF KEY VENDORS 231
12.7 COMPETITIVE SCENARIO AND TRENDS 232
12.7.1 PRODUCT LAUNCHES 232
TABLE 258 MARINE ENGINES MARKET: PRODUCT LAUNCHES, APRIL 2020 – FEBRUARY 2024 232
12.7.2 DEALS 234
TABLE 259 MARINE ENGINES MARKET: DEALS, MAY 2020 – FEBRUARY 2024 234
12.7.3 OTHERS 236
TABLE 260 MARINE ENGINES MARKET: OTHERS, DECEMBER 2020 – FEBRUARY 2022 236
13 COMPANY PROFILES 239
13.1 KEY PLAYERS 239
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1.1 CATERPILLAR 239
TABLE 261 CATERPILLAR: COMPANY OVERVIEW 239
FIGURE 58 CATERPILLAR: COMPANY SNAPSHOT (2023) 240
TABLE 262 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
TABLE 263 CATERPILLAR: PRODUCT LAUNCHES 242
TABLE 264 CATERPILLAR: DEALS 243
TABLE 265 CATERPILLAR: OTHERS 244
13.1.2 WÄRTSILÄ 246
TABLE 266 WÄRTSILÄ: COMPANY OVERVIEW 246
FIGURE 59 WÄRTSILÄ: COMPANY SNAPSHOT (2023) 247
TABLE 267 WÄRTSILÄ: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 268 WÄRTSILÄ: PRODUCT LAUNCHES 249
TABLE 269 WÄRTSILÄ: DEALS 250
TABLE 270 WÄRTSILÄ: CONTRACTS 253
13.1.3 MAN ENERGY SOLUTIONS 255
TABLE 271 MAN ENERGY SOLUTIONS: COMPANY OVERVIEW 255
FIGURE 60 MAN ENERGY SOLUTIONS: COMPANY SNAPSHOT (2022) 256
TABLE 272 VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
TABLE 273 VOLKSWAGEN GROUP (MAN ENERGY SOLUTIONS): PRODUCT LAUNCHES 259
TABLE 274 MAN ENERGY SOLUTIONS: DEALS 260
TABLE 275 MAN ENERGY SOLUTIONS: OTHERS 262
13.1.4 AB VOLVO PENTA 265
TABLE 276 AB VOLVO PENTA: COMPANY OVERVIEW 265
FIGURE 61 AB VOLVO PENTA: COMPANY SNAPSHOT (2023) 266
TABLE 277 AB VOLVO PENTA: PRODUCTS /SOLUTIONS/SERVICES OFFERED 266
TABLE 278 AB VOLVO PENTA: PRODUCT LAUNCHES 267
TABLE 279 AB VOLVO PENTA: DEALS 268
TABLE 280 AB VOLVO PENTA: OTHERS 269
13.1.5 ROLLS-ROYCE PLC 271
TABLE 281 ROLLS-ROYCE PLC: COMPANY OVERVIEW 271
FIGURE 62 ROLLS-ROYCE PLC: COMPANY SNAPSHOT (2023) 272
TABLE 282 ROLLS-ROYCE PLC: PRODUCTS /SOLUTIONS/SERVICES OFFERED 273
TABLE 283 ROLLS-ROYCE HOLDINGS: DEALS 273
TABLE 284 ROLLS- ROYCE PLC: CONTRACTS 274
13.1.6 HD HYUNDAI HEAVY INDUSTRIES CO., LTD. 276
TABLE 285 HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: COMPANY OVERVIEW 276
FIGURE 63 HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: COMPANY SNAPSHOT (2022) 277
TABLE 286 HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: PRODUCTS /SOLUTIONS/SERVICES OFFERED 277
TABLE 287 HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: DEALS 278
TABLE 288 HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: CONTRACTS 278
13.1.7 MITSUBISHI HEAVY INDUSTRIES, LTD. 280
TABLE 289 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 280
FIGURE 64 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT (2023) 281
TABLE 290 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 291 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS 282
TABLE 292 MITSUBISHI HEAVY INDUSTRIES, LTD.: OTHERS 283
13.1.8 CUMMINS INC. 284
TABLE 293 CUMMINS INC.: COMPANY OVERVIEW 284
FIGURE 65 CUMMINS INC.: COMPANY SNAPSHOT (2023) 285
TABLE 294 CUMMINS INC.: PRODUCTS /SOLUTIONS/SERVICES OFFERED 285
TABLE 295 CUMMINS INC.: PRODUCT LAUNCHES 287
TABLE 296 CUMMINS INC.: DEALS 288
13.1.9 DAIHATSU DIESEL MFG. CO., LTD. 290
TABLE 297 DAIHATSU DIESEL MFG., CO. LTD.: COMPANY OVERVIEW 290
FIGURE 66 DAIHATSU DIESEL MFG. CO. LTD: COMPANY SNAPSHOT (2023) 291
TABLE 298 DAIHATSU DIESEL MFG. CO., LTD.: PRODUCTS /SOLUTIONS/SERVICES OFFERED 292
TABLE 299 DAIHATSU DIESEL MFG. CO LTD.: PRODUCT LAUNCHES 293
TABLE 300 DAIHATSU: DEALS 293
TABLE 301 DAIHATSU DIESEL MFG. CO., LTD.: OTHERS 294
13.1.10 DEUTZ AG 295
TABLE 302 DEUTZ AG: COMPANY OVERVIEW 295
FIGURE 67 DEUTZ AG: COMPANY SNAPSHOT (2023) 296
TABLE 303 DEUTZ AG: PRODUCTS /SOLUTIONS/SERVICES OFFERED 296
TABLE 304 DEUTZ AG: DEALS 297
TABLE 305 DEUTZ AG: OTHERS 298
13.1.11 WINGD 299
TABLE 306 WINGD: COMPANY OVERVIEW 299
TABLE 307 WINGD: PRODUCTS /SOLUTIONS/SERVICES OFFERED 299
TABLE 308 WINGD: PRODUCT LAUNCHES 301
TABLE 309 WINGD: DEALS 302
TABLE 310 WINGD: OTHERS 304
13.1.12 FAIRBANKS MORSE DEFENSE 305
TABLE 311 FAIRBANKS MORSE DEFENSE: COMPANY OVERVIEW 305
TABLE 312 FAIRBANKS MORSE: PRODUCTS /SOLUTIONS/SERVICES OFFERED 305
TABLE 313 FAIRBANKS MORSE DEFENSE: PRODUCT LAUNCHES 306
TABLE 314 FAIRBANKS MORSE DEFENSE: DEALS 306
TABLE 315 FAIRBANKS MORSE DEFENSE: OTHERS 307
13.1.13 WABTEC CORPORATION 308
TABLE 316 WABTEC CORPORATION: COMPANY OVERVIEW 308
FIGURE 68 WABTEC CORPORATION: COMPANY SNAPSHOT (2022) 309
TABLE 317 WABTEC CORPORATION: PRODUCTS /SOLUTIONS/SERVICES OFFERED 310
TABLE 318 WABTEC CORPORATION: OTHERS 311
13.1.14 YANMAR MARINE INTERNATIONAL 312
TABLE 319 YANMAR MARINE INTERNATIONAL: COMPANY OVERVIEW 312
TABLE 320 YANMAR MARINE INTERNATIONAL: PRODUCTS /SOLUTIONS/SERVICES OFFERED 313
TABLE 321 YANMAR MARINE INTERNATIONAL: PRODUCT LAUNCHES 315
TABLE 322 YANMAR MARINE INTERNATIONAL: DEALS 316
13.1.15 ISOTTA FRASCHINI MOTORI S.P.A. 317
TABLE 323 ISOTTA FRASCHINI MOTORI S.P.A.: COMPANY OVERVIEW 317
TABLE 324 ISOTTA FRASCHINI MOTORI S.P.A.: PRODUCTS /SOLUTIONS/SERVICES OFFERED 317
13.2 OTHER PLAYERS 319
13.2.1 CNPC JICHAI POWER COMPANY LIMITED 319
13.2.2 BERGEN ENGINES 319
13.2.3 MAHINDRA POWEROL 320
13.2.4 IHI POWER SYSTEMS CO., LTD. 320
13.2.5 WEICHAI HOLDING GROUP CO., LTD. 321
13.2.6 AGCO POWER 321
13.2.7 PERKINS ENGINES COMPANY LIMITED 322
13.2.8 KAWASAKI HEAVY INDUSTRIES, LTD. 322
13.2.9 SCANIA 323
13.2.10 COOPER CORP. 323
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX 324
14.1 INSIGHTS FROM INDUSTRY EXPERTS 324
14.2 DISCUSSION GUIDE 325
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 331
14.4 CUSTOMIZATION OPTIONS 333
14.5 RELATED REPORTS 333
14.6 AUTHOR DETAILS 334