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The marine auxiliary engine market is forecasted to grow by USD 613.3 million during 2023-2028, accelerating at a CAGR of 5.3% during the forecast period. The report on the marine auxiliary engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of commercial shipping, increase in number of naval vessels, and growth in number of fpso vessels.
The marine auxiliary engine market is segmented as below:
By Type
- Diesel
- Gas
By Engine Capacity
- 500-1500 kW
- Above 1500 kW
- Up to 500 kW
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the marine auxiliary engine market covers the following areas:
- Marine Auxiliary Engine Market sizing
- Marine Auxiliary Engine Market forecast
- Marine Auxiliary Engine Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Engine Capacity
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global marine auxiliary engine market: AB Volvo, Brunswick Corp., Caterpillar Inc., Cummins Inc., Daihatsu Diesel Mfg. Co. Ltd., Deere and Co., DEUTZ AG, Hyundai Motor Co., Kubota Corp., Mitsubishi Heavy Industries Ltd., Porsche Automobil Holding SE, Rolls Royce Holdings Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is gradual adoption of lng over conventional marine fuel."
According to the report, one of the major drivers for this market is the growth of commercial shipping.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Brunswick Corp.
- Caterpillar Inc.
- Cummins Inc.
- Daihatsu Diesel Mfg. Co. Ltd.
- Deere and Co.
- DEUTZ AG
- Hyundai Motor Co.
- Kubota Corp.
- Mitsubishi Heavy Industries Ltd.
- Porsche Automobil Holding SE
- Rolls Royce Holdings Plc
- Wartsila Corp.
- Yanmar Holdings Co. Ltd.
