Marine Diesel Engine Market By Ship Type, By Technology, By Capacity, By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: MARINE DIESEL ENGINE MARKET, BY SHIP TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Bulk Carriers
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 General Cargo Ship
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Container Ship
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Ferries and Passenger Ships
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Oil Tankers
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country

CHAPTER 5: MARINE DIESEL ENGINE MARKET, BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 Low Speed
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medium Speed
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 High Speed
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: MARINE DIESEL ENGINE MARKET, BY CAPACITY
6.1 Overview
6.1.1 Market size and forecast
6.2 300 To 500 Hp
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 500 To 1000 Hp
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 1001 To 2000 Hp
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 2001 To 5000 Hp
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 More Than 5001 Hp
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country

CHAPTER 7: MARINE DIESEL ENGINE MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 2-Stroke
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 4-Stroke
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: MARINE DIESEL ENGINE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Ship Type
8.2.3 North America Market size and forecast, by Technology
8.2.4 North America Market size and forecast, by Capacity
8.2.5 North America Market size and forecast, by Type
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Ship Type
8.2.6.1.2 Market size and forecast, by Technology
8.2.6.1.3 Market size and forecast, by Capacity
8.2.6.1.4 Market size and forecast, by Type
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Ship Type
8.2.6.2.2 Market size and forecast, by Technology
8.2.6.2.3 Market size and forecast, by Capacity
8.2.6.2.4 Market size and forecast, by Type
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Ship Type
8.2.6.3.2 Market size and forecast, by Technology
8.2.6.3.3 Market size and forecast, by Capacity
8.2.6.3.4 Market size and forecast, by Type
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Ship Type
8.3.3 Europe Market size and forecast, by Technology
8.3.4 Europe Market size and forecast, by Capacity
8.3.5 Europe Market size and forecast, by Type
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Ship Type
8.3.6.1.2 Market size and forecast, by Technology
8.3.6.1.3 Market size and forecast, by Capacity
8.3.6.1.4 Market size and forecast, by Type
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Ship Type
8.3.6.2.2 Market size and forecast, by Technology
8.3.6.2.3 Market size and forecast, by Capacity
8.3.6.2.4 Market size and forecast, by Type
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Ship Type
8.3.6.3.2 Market size and forecast, by Technology
8.3.6.3.3 Market size and forecast, by Capacity
8.3.6.3.4 Market size and forecast, by Type
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Ship Type
8.3.6.4.2 Market size and forecast, by Technology
8.3.6.4.3 Market size and forecast, by Capacity
8.3.6.4.4 Market size and forecast, by Type
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Ship Type
8.3.6.5.2 Market size and forecast, by Technology
8.3.6.5.3 Market size and forecast, by Capacity
8.3.6.5.4 Market size and forecast, by Type
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Ship Type
8.3.6.6.2 Market size and forecast, by Technology
8.3.6.6.3 Market size and forecast, by Capacity
8.3.6.6.4 Market size and forecast, by Type
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Ship Type
8.4.3 Asia-Pacific Market size and forecast, by Technology
8.4.4 Asia-Pacific Market size and forecast, by Capacity
8.4.5 Asia-Pacific Market size and forecast, by Type
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Ship Type
8.4.6.1.2 Market size and forecast, by Technology
8.4.6.1.3 Market size and forecast, by Capacity
8.4.6.1.4 Market size and forecast, by Type
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Ship Type
8.4.6.2.2 Market size and forecast, by Technology
8.4.6.2.3 Market size and forecast, by Capacity
8.4.6.2.4 Market size and forecast, by Type
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Ship Type
8.4.6.3.2 Market size and forecast, by Technology
8.4.6.3.3 Market size and forecast, by Capacity
8.4.6.3.4 Market size and forecast, by Type
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Ship Type
8.4.6.4.2 Market size and forecast, by Technology
8.4.6.4.3 Market size and forecast, by Capacity
8.4.6.4.4 Market size and forecast, by Type
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Market size and forecast, by Ship Type
8.4.6.5.2 Market size and forecast, by Technology
8.4.6.5.3 Market size and forecast, by Capacity
8.4.6.5.4 Market size and forecast, by Type
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Ship Type
8.5.3 LAMEA Market size and forecast, by Technology
8.5.4 LAMEA Market size and forecast, by Capacity
8.5.5 LAMEA Market size and forecast, by Type
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Ship Type
8.5.6.1.2 Market size and forecast, by Technology
8.5.6.1.3 Market size and forecast, by Capacity
8.5.6.1.4 Market size and forecast, by Type
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Ship Type
8.5.6.2.2 Market size and forecast, by Technology
8.5.6.2.3 Market size and forecast, by Capacity
8.5.6.2.4 Market size and forecast, by Type
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Ship Type
8.5.6.3.2 Market size and forecast, by Technology
8.5.6.3.3 Market size and forecast, by Capacity
8.5.6.3.4 Market size and forecast, by Type

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Bergen Engines
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Caterpillar
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Cummins Inc.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Daihatsu Diesel Mfg. Co., Ltd.
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Deutz AG
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 GE Transportation
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Hyundai Heavy Industries Co., Ltd
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 IHI Power Systems
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 John Deere
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 MAN SE
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Mercury Marine
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Mitsubishi Corporation
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Rolls Royce plc
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Siemens Energy
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Volvo Penta
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Wärtsilä
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
10.17 Yanmar Marine International B. V.
10.17.1 Company overview
10.17.2 Company snapshot
10.17.3 Operating business segments
10.17.4 Product portfolio
10.17.5 Business performance
10.17.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Marine Diesel Engine Market,' the marine diesel engine market was valued at $9.1 billion in 2021, and is estimated to reach $14.8 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

The concept of marine diesel engine is typically attributed to an internal combustion engine that uses heavy fuel oil (HFO) and compressed air to generate the power output. The marine diesel engine that is used for the propulsion of the ship is called as'main engine' and that used for the generation of electric power onboard ships is called'auxiliary engine'. Diesel engines used in marine applications typically function at a 40% to 50% efficiency level. These engines have the advantage of being safer and more affordable as diesel is cheaper than other fuels while being less explosive in nature. It also provides greater energy per unit allowing for better mileages or energy extraction per unit. For instance, in March 2022, Volvo Penta introduced the compact and powerful D8 engine, and the 500 kVA power node to its D13 genset engine at Middle East Energy in Dubai. The D13 500 kVA is considerably smaller and lighter as compared to previous models resulting in a smaller engine room, smaller alternator, and ultimately fuel saving.

In addition, the marine diesel engine market has witnessed significant growth in recent years, owing to the development of advanced engines that improve fuel productivity and reduce carbon dioxide emission and decline in the prices of crude oil. Furthermore, companies operating in the marine diesel engine market have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in October 2021, Daihatsu Diesel Mfg. Co., Ltd. announced the launch of its complete lineup of DE20DF, DE23DF, DE28DF, and DE35DF dual fuel marine engines. These engines acted as an initial step towards low emissions marine diesel engines.

Factors such as increase in international marine freight transport, high demand for two stroke marine diesel engines, and increase in water sports and leisure activities supplement the growth of the marine diesel engine market. However, rise in adoption of fully electric vessels and fluctuations in transportation and inventory costs are the factors expected to hamper the growth of the market. In addition, development of engine technology and rise in adoption of dual fuel-based marine engines create market opportunities for the key players operating in the marine diesel engine market.

COVID-19 Impact Analysis:

COVID-19 outbreak has resulted in disruptions for shipyards in terms of new building, repair, and conversion projects. This outbreak has forced some of the companies to shut down their shipyard operations in several countries. For instance, in 2021, in China, Samsung Heavy Industries decided to shut down its 26-year-old Ningbo shipyard in eastern China. In addition, in 2020, Irving Shipbuilding issued layoff notices impacting 1100 of 1800 workers & temporarily shut down Halifax shipyard for three weeks. Furthermore, the COVID-19 pandemic had an impact on international maritime trade and global supply networks in 2020. However, the world is gradually returning to normalcy in daily business activities by taking appropriate measures to halt virus spread. Increase in vaccination and decreasing fatality has improved the market scenario for ship refurbishment and shipbuilding, which is expected to boost demand for the marine diesel engine market.

KEY FINDINGS OF THE STUDY

By ship type, the general cargo ship segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By technology, the high-speed segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By capacity, the 300 to 500 Hp segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

By type, the 2-stroke segment is projected to dominate the global marine diesel engine market in terms of growth rate, in the year 2031.

The leading players operating in the marine diesel engine market are Bergen Engines, Caterpillar, Cummins Inc., Daihatsu Diesel Mfg. Co., Ltd., Deere & Company, Deutz AG, Fairbanks Morse Defense, Hyundai Heavy Industries Co., Ltd, IHI Power Systems, MAN SE, Mercury Marine, Mitsubishi Corporation, Rolls Royce plc, Volvo Penta, Wabtec Corporation, Wärtsilä, and Yanmar Marine International B.V.

Companies Mentioned

• Bergen Engines
• Caterpillar
• Cummins Inc.
• Daihatsu Diesel Mfg. Co. Ltd.
• Deutz AG
• GE Transportation
• Hyundai Heavy Industries Co. Ltd.
• Ihi Power Systems
• John Deere
• Man SE
• Mercury Marine
• Mitsubishi Corporation
• Rolls Royce PLC
• Siemens Energy
• Volvo Penta
• Wärtsilä
• Yanmar Marine International B.V.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.