Overview
The marine diesel engine market is anticipated to grow by US$6,300 million by 2023 rapidly growing at a CAGR of 3.83% during the forecast period 2018-2023. The global marine diesel engine market is driven by increased focus on energy efficient marine engines. These factors have helped shape the marine diesel engine market and are expected to boost the growth. Companies in the marine diesel engine market could also face challenges such as shortage of skilled human resource and high cost to build industry standard infrastructure. The details covered in the marine diesel engine market report cover all the aspects of the industry. marine diesel engine market analysts have also shared growth projections in the report and have suggested marine diesel engine market players to plan growth strategies accordingly.
Market Segmentation
The global marine diesel engine market size has been segmented based on type, speed, application, and stroke. On the basis of type, the market for marine diesel engine is segmented based on auxiliary and propulsion. Additionally, the market on the basis of speed, is segmented into low-speed, medium-speed and high-speed. The global market for marine diesel engine is also covered based on the stroke segment which is further split into 2-stroke and 4-stroke. The market is further segmented based on application into cargo ship, cruise ship and others.
Factors like adoption of new advanced maritime technologies along with modernization of ships, support the marine diesel engine market growth. The performance of the marine diesel engine market has also been studied for the past and current years. Additionally, the marine diesel engine market report provides analysis of these segments. The marine diesel engine market segmental analysis provided in the report offers major details about the marine diesel engine market performance and future.
Regional Overview
Companies in the marine diesel engine market are spread across the world. The marine diesel engine market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American marine diesel engine market has many companies across the United States, Canada, and Mexico. Europe has companies in the marine diesel engine market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the marine diesel engine market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The marine diesel engine market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the marine diesel engine market can be found in the market research report.
Competitive Landscape
The marine diesel engine market is supported by new maritime safety policies along with marine pollution control laws. The population growth around the world and increasing demand of marine diesel engine market based services and products also support the market growth. However, the marine diesel engine market growth can be affected due to weak policies in some areas. The report covers all such details which will help companies in the marine diesel engine market to strengthen their business plan and improve their product portfolio. The marine diesel engine market research report also provides company profiles of major companies. The company profiles of many organizations operating in the marine diesel engine market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the marine diesel engine market. New companies and established businesses can plan their strategies based on this data provided in the marine diesel engine market research report.
Industry News
Fairbanks Morse, headquartered in Beloit, Wis., has purchased Ward Leonard Operating LLC, a leading manufacturer of motor and control systems for military uses, located in Thomaston, Conn. The transaction will extend the reach of propulsion systems equipment as well as aftermarket facilities that are offered to its customer base by Fairbanks Morse, a company of Arcline Investment Management.
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