The global marine diesel engine market value is expected to reach around US$ 8.1 billion by 2026 and expected to grow at a CAGR of 3.9% over forecast period 2019 to 2026.
The report provides analysis of global marine diesel engine market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Insights
Growing worldwide seaborne trade mainly across emerging countries along with favorable shipping prospects will boost market demand for marine diesel engines. According to the UN Conference on Trade & Development, the worldwide transport sector covers 80% of world trade by quantity and 70% by income. Easy accessibility along with small diesel costs makes shipowners ' implementation feasible over other alternative fuels. The implementation of marine pollution reduction legislation across ECAs has encouraged demand for low-emission motors. To satisfy highlighted standards, sector competitors have altered their product lines with sophisticated motors, including motors with catalytic inhibitors and scrubbers. Technological advances to produce sophisticated motors due to variables including higher effectiveness and decreased operating costs will boost company development. Furthermore, favourable financial developments from emerging economies, coupled with a rise in retrofitting operations to attain greater operating norms, are expected to increase the business landscape of marine diesel engines.
High speed systems are mostly mounted in yachts, tiny ships, ferry boats and fishing vessels. They are small, using high-quality marine diesel fuel to enhance engine performance and effectiveness. Innovations, sophisticated product design and advances in diesel engines resulting in advantages including low fuel consumption and operating costs will complement product acceptance. For instance, in 2018, Wärtsilä launched its high-speed motor intended to meet reduced capital expenditure demands, restricted room & weight, and meet the continuing worldwide emission laws. Rising seaborne trade across emerging economies along with increasing demand for economically feasible motors due to advantages including durability, reliability, and fuel efficiency will boost market growth for marine diesel engines. The swift change from residual fuel motors to diesel engines along with shifting shipping industry focus is laid to drive consumer penetration. Key advantages, including easy accessibility and small diesel costs, make shipowners' acceptance viable over other alternative fuels. Technological advances and advances in product design leading to small operating costs will further increase the landscape.
Declining crude oil prices, combined with rising seaborne passenger traffic, are laid to encourage item acceptance. Implementing public measures to reduce marine pollution mainly across emission control fields increased the demand for low-emission motors. Major sector competitors have changed their product lines to motors fitted with scrubbers and catalytic reactors which, in turn, will enhance manufacturing implementation.
Segment Analysis
Low-speed technology sector dominated in 2018. Key factors, including enhancing long-distance travel traffic, using low-cost petrol and adopting motors in merchant ships, including cargo, tankers and bulk carriers, will increase the business landscape. Reduced expenses, lower polluting emissions, and enhanced heat & oxidation resistance features are among the parameters that enhance business perspective.
Medium velocity is expected to expand due to increased marine tourism and increased demand for recreational ships including cruises, ferries, yachts and passenger vessels. Increasing worldwide imports and exports of countless commodities including ores, merchandise, and minerals will favorably affect item assembly. Moreover, multiple cruise ship businesses including Costa Asia, Royal Caribbean and Star Cruise are increasing their portfolio by including fresh, state-of - the-art cruise boats that are more luxurious and can provide stronger passenger experience. Increased consumption of crude oil and other liquid products favors consumer requirement. Extending choke points along with increasing container traffic will further drive demand from container vessels. Improving living standards along with increasing disposable income in emerging countries will encourage consumer acceptance.
Offshore development is expected due to favorable perspective for profound water exploration operations coupled with solid exploration and production (E&P) operations leading to increased demand for gas carriers, petroleum tankers and drill vessels, among others. Implementing public laws to decrease marine pollution will fuel OSV brand acceptance. Moreover, reviving the oil & gas sector will further boost demand for offshore ships worldwide.
Regional Stance
In 2018, U.S. marine diesel engine industry dominated. Continuous engine retrofitting due to stringent public regulations combined with increasing tourism across the Caribbean sector will embellish consumer awareness. Increasing container cargo import and export along with increasing exploration operations will boost company landscape. Increasing shipbuilding expenditure is one of the main variables that increase brand acceptance. Implementing environmental norms, adopting high-end technology, combined with increasing trade methods further fosters item acceptance.
UAE will expand significantly due to growing international marine freight, combined with penetration of intelligent motors for situational awareness and safety. Rising demand for dual-fuel engines across the region, along with growing exploration of crude oil and gas, will boost ship demand, enhancing business scenario. Rapid industry innovation and energy-efficient product development will enhance the industry landscape. For example, major teams involving MAN D&T and Wärtsilä are continually investing on R&D to improve and innovate their brand range and improve capability processing demands.
Market Segmentation
Global Marine Diesel Engine Market, by Technology
- Low Speed
- Medium Speed
- High Speed
Global Marine Diesel Engine Market, by Application
- Off-shore
- Recreational
- Navy
- Others
Global Marine Diesel Engine Market, by Geography
- North America.
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
The market research study on “Marine Diesel Engine Market Size, Share & Trends Analysis Report By Technology, Application, By Region - Global Industry Size, Share, Trends and Forecast 2019 - 2026” offers detailed insights on global Marine Diesel Engine market segments with market dynamics and their impact. The report also covers basic technology development policies.
The study provides a extensive industry assessment. This is done through in-depth qualitative observations, historical information and verifiable business size estimates. The predictions in the study were obtained from well-established study methodologies and expectations. This study document acts as an assessment and data resource for every aspect of the industry including, but not restricted to, regional economies, technology, kinds and apps.
Key Players & Strategies
Some vital players in the marine diesel engine market include Wärtsilä, Teekay Corporation, Hyundai Heavy Industries, John Deere, Kawasaki Heavy Industries, MAN Energy Solutions, STX Engines, Sinokor Merchant Marine, Mediterranean Shipping Company S.A., IHI Corporation, Volvo Penta, Rolls Royce, Scania, Shoei Kisen, Mitsui O.S.K. Lines, Neptune Orient Lines, and SOVCOMFLOT among others.
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Marine Diesel Engine
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Marine Diesel Engine Market By Technology
1.2.2.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.2.2. Global Marine Diesel Engine Market Revenue Share By Technology in 2018
1.2.2.3. Low Speed
1.2.2.4. Medium Speed
1.2.2.5. High Speed
1.2.2.6. Others
1.2.3. Marine Diesel Engine Market By Application
1.2.3.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Marine Diesel Engine Market Revenue Share By Application in 2018
1.2.3.3. Off-shore
1.2.3.4. Recreational
1.2.3.5. Navy
1.2.3.6. Others
1.2.4. Marine Diesel Engine Market by Geography
1.2.4.1. Global Marine Diesel Engine Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Marine Diesel Engine Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Marine Diesel Engine Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Marine Diesel Engine Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Marine Diesel Engine Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Marine Diesel Engine Major Manufacturers in 2018
CHAPTER 4. MARINE DIESEL ENGINE MARKET BY TECHNOLOGY
4.1. Global Marine Diesel Engine Revenue By Technology
4.2. Low Speed
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Medium Speed
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. High Speed
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. MARINE DIESEL ENGINE MARKET BY APPLICATION
5.1. Global Marine Diesel Engine Revenue By Application
5.2. Off-shore
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Recreational
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Navy
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA MARINE DIESEL ENGINE MARKET BY COUNTRY
6.1. North America Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Marine Diesel Engine Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE MARINE DIESEL ENGINE MARKET BY COUNTRY
7.1. Europe Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC MARINE DIESEL ENGINE MARKET BY COUNTRY
8.1. Asia-Pacific Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA MARINE DIESEL ENGINE MARKET BY COUNTRY
9.1. Latin America Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST MARINE DIESEL ENGINE MARKET BY COUNTRY
10.1. Middle East Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. AFRICA MARINE DIESEL ENGINE MARKET BY COUNTRY
11.1. Africa Marine Diesel Engine Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Africa Marine Diesel Engine Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. ärtsilä
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Teekay Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Hyundai Heavy Industries
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. John Deere
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Kawasaki Heavy Industries
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. MAN Energy Solutions
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. STX Engines
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Sinokor Merchant Marine
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Mediterranean Shipping Company S.A.
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. IHI Corporation
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Volvo Penta
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
12.12. Rolls Royce
12.12.1. Company Snapshot
12.12.2. Overview
12.12.3. Financial Overview
12.12.4. Product Portfolio
12.12.5. Key Developments
12.12.6. Strategies
12.13. Scania
12.13.1. Company Snapshot
12.13.2. Overview
12.13.3. Financial Overview
12.13.4. Product Portfolio
12.13.5. Key Developments
12.13.6. Strategies
12.14. Shoei Kisen
12.14.1. Company Snapshot
12.14.2. Overview
12.14.3. Financial Overview
12.14.4. Product Portfolio
12.14.5. Key Developments
12.14.6. Strategies
12.15. Mitsui O.S.K. Lines
12.15.1. Company Snapshot
12.15.2. Overview
12.15.3. Financial Overview
12.15.4. Product Portfolio
12.15.5. Key Developments
12.15.6. Strategies
12.16. Neptune Orient Lines
12.16.1. Company Snapshot
12.16.2. Overview
12.16.3. Financial Overview
12.16.4. Product Portfolio
12.16.5. Key Developments
12.16.6. Strategies
12.17. SOVCOMFLOT
12.17.1. Company Snapshot
12.17.2. Overview
12.17.3. Financial Overview
12.17.4. Product Portfolio
12.17.5. Key Developments
12.17.6. Strategies
12.18. Others
12.18.1. Company Snapshot
12.18.2. Overview
12.18.3. Financial Overview
12.18.4. Product Portfolio
12.18.5. Key Developments
12.18.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
