The global marine engines market size is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020 to 2025
The global marine engines market is projected to reach a size of USD 16.4 billion by 2024, at a CAGR of 3.11%, from an estimated USD 14.0 billion in 2019.
This research report categorizes the marine engines market based on power range, vessel, fuel, engine, type, and region.
The propulsion segment is expected to be the fastest growing segment of the marine engines market, by engine, during the forecast period.
Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.
Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region
The global marine engines market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%.
Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.
Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021
The global marine engines market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%. Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as inc
The global marine engines market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%. Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as inc
The global marine engines market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%.
Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.