Global and United States Marine Engines Market Report & Forecast 2023-2029
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The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Marine Engines Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.
The global Marine Engines market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 3.70% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Marine Engines market include Hyundai Heavy Industries Engine Machinery, Caterpillar Inc.,, Mitsubishi Heavy Industries Group, Cummins Inc., and Daihatsu Diesel Mfg. Co., Ltd.. The share of the top 3 players in the Marine Engines market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Marine Engines market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Two Stroke accounted for XX% of Marine Engines market in 2022. Four Stroke share of XX%.
Commercial Vessels accounted for XX% of the Marine Engines market in 2022. Offshore Support Vessels accounts for XX%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Latin America
Brazil
Argentina
Mexico
MEA
Saudi Arabia
UAE
Turkey
Key Players Driving the Market:
Hyundai Heavy Industries Engine Machinery
Caterpillar Inc.,
Mitsubishi Heavy Industries Group
Cummins Inc.
Daihatsu Diesel Mfg. Co., Ltd.
Wärtsilä Corporation
Deere & Company
By Product Type, the market is primarily segmented into:
Two Stroke
Four Stroke
By Applications, the market is segmented into:
Commercial Vessels
Offshore Support Vessels
Passenger Ship
Navy
Others
Table of Content
1 Study Coverage
1.1 Marine Engines Product Introduction
1.2 Global Marine Engines Outlook 2018 VS 2023 VS 2029
1.3 United States Marine Engines Outlook 2018 VS 2023 VS 2029
1.4 Marine Engines Market Size, United States VS Global, 2018-2029
1.4.1 The Market Share of United States Marine Engines in Global, 2018-2029
1.4.2 The Growth Rate of Marine Engines Market Size, United States VS Global, 2018 VS 2023 VS 2029
1.5 Marine Engines Market Dynamics
1.5.1 Marine Engines Market Trends
1.5.2 Marine Engines Market Drivers
1.5.3 Marine Engines Market Challenges
1.5.4 Marine Engines Market Restraints
1.6 Study Objectives
1.7 Years Considered
1.8 Coronavirus Disease (COVID-19) Impact on Global
2 Global Marine Engines Competitor Landscape by Company
2.1 Global Marine Engines Market Size by Company
2.1.1 Top Global Marine Engines Player Ranked by Revenue (2023)
2.1.2 Global Marine Engines Revenue by Player (2018-2023)
2.2 Global Marine Engines Concentration Ratio (CR)
2.2.1 Marine Engines Market Concentration Ratio (CR) (2018-2023)
2.2.2 Global Top 3 and Top 6 Largest Players of Marine Engines in 2023
2.3 Global Marine Engines Business Distribution, Business Type
2.3.1 Global Marine Engines Players, Headquarters and Distribution
2.3.2 Players Marine Engines Business Type
2.3.3 Date of International Players Enter into Marine Engines Market
2.4 Players Mergers & Acquisitions, Expansion Plans
2.5 United States Marine Engines Market Size by Company
2.5.1 Top United States Marine Engines Player s Ranked by Revenue (2023)
2.5.2 United States Marine Engines Revenue by Player (2018-2023)
3 Marine Engines Market Segment by Type
3.1 Marine Engines Market Segment by Type
3.2 Global Marine Engines Market Size by Type
3.3 United States Marine Engines Market Size by Type
4 Marine Engines Market Segment by Application
4.1 Marine Engines Market Segment by Application
4.2 Global Marine Engines Market Size by Application
4.3 United States Marine Engines Market Size by Application
5 Global Marine Engines Market Size by Region
5.1 Global Marine Engines Market Size by Region: 2018 VS 2023 VS 2029
5.2 Global Marine Engines Market Size in Value by Region (2018-2029)
5.2.1 Global Marine Engines Revenue by Region: 2018-2023
5.2.2 Global Marine Engines Revenue by Region: 2023-2029
5.3 Global Marine Engines Market Size in Volume by Region (2018-2029)
5.3.1 Global Marine Engines Volume by Region: 2018-2023
5.3.2 Global Marine Engines Volume by Region: 2023-2029
6 Segment in Regional Level & Country Level
6.1 North America
6.1.1 North America Marine Engines Market Size YoY Growth 2018-2029
6.1.2 North America Marine Engines Market Facts & Figures by Country (2018-2029)
6.1.3 U.S.
6.1.4 Canada
6.2 Asia Pacific
6.2.1 Asia Pacific Marine Engines Market Size YoY Growth 2018-2029
6.2.2 Asia Pacific Marine Engines Market Facts & Figures by Country (2018-2029)
6.2.3 China
6.2.4 Japan
6.2.5 South Korea
6.2.6 India
6.2.7 Australia
6.2.8 Southeast Asia
6.3 Europe
6.3.1 Europe Marine Engines Market Size YoY Growth 2018-2029
6.3.2 Europe Marine Engines Market Facts & Figures by Country (2018-2029)
6.3.3 Germany
6.3.4 France
6.3.5 UK
6.3.6 Italy
6.3.7 Russia
6.4 Latin America
6.4.1 Latin America Marine Engines Market Size YoY Growth 2018-2029
6.4.2 Latin America Marine Engines Market Facts & Figures by Country (2018-2029)
6.4.3 Mexico
6.4.4 Brazil
6.4.5 Argentina
6.5 Middle East and Africa
6.5.1 Middle East and Africa Marine Engines Market Size YoY Growth 2018-2029
6.5.2 Middle East and Africa Marine Engines Market Facts & Figures by Country (2018-2029)
6.5.3 Turkey
6.5.4 Saudi Arabia
6.5.5 UAE
7 Company Profiles
7.1 Hyundai Heavy Industries Engine Machinery
7.1.1 Hyundai Heavy Industries Engine Machinery Company Details
7.1.2 Description and Business Overview
7.1.3 Marine Engines Introduction
7.1.4 Hyundai Heavy Industries Engine Machinery Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.1.5 Hyundai Heavy Industries Engine Machinery Recent Development
7.2 Caterpillar Inc.,
7.2.1 Caterpillar Inc., Company Details
7.2.2 Description and Business Overview
7.2.3 Marine Engines Introduction
7.2.4 Caterpillar Inc., Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.2.5 Caterpillar Inc., Recent Development
7.3 Mitsubishi Heavy Industries Group
7.3.1 Mitsubishi Heavy Industries Group Company Details
7.3.2 Description and Business Overview
7.3.3 Marine Engines Introduction
7.3.4 Mitsubishi Heavy Industries Group Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.3.5 Mitsubishi Heavy Industries Group Recent Development
7.4 Cummins Inc.
7.4.1 Cummins Inc. Company Details
7.4.2 Description and Business Overview
7.4.3 Marine Engines Introduction
7.4.4 Cummins Inc. Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.4.5 Cummins Inc. Recent Development
7.5 Daihatsu Diesel Mfg. Co., Ltd.
7.5.1 Daihatsu Diesel Mfg. Co., Ltd. Company Details
7.5.2 Description and Business Overview
7.5.3 Marine Engines Introduction
7.5.4 Daihatsu Diesel Mfg. Co., Ltd. Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.5.5 Daihatsu Diesel Mfg. Co., Ltd. Recent Development
7.6 Wärtsilä Corporation
7.6.1 Wärtsilä Corporation Company Details
7.6.2 Description and Business Overview
7.6.3 Marine Engines Introduction
7.6.4 Wärtsilä Corporation Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.6.5 Wärtsilä Corporation Recent Development
7.7 Deere & Company
7.7.1 Deere & Company Company Details
7.7.2 Description and Business Overview
7.7.3 Marine Engines Introduction
7.7.4 Deere & Company Marine Engines Revenue, Sales, and Gross Margin (2018-2023)
7.7.5 Deere & Company Recent Development
8 Industry Chain and Sales Channels Analysis
8.1 Marine Engines Value Chain Analysis
8.2 Marine Engines Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Distributors List
8.3 Marine Engines Production Mode & Process
8.4 Marine Engines Sales and Marketing
8.4.1 Magnetic Coupled Mixers Sales Channels
8.4.2 Magnetic Coupled Mixers Distributors
8.5 Magnetic Coupled Mixers Customers
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 A Methodology
10.1.1 Research Process
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 B Data Source
10.2.1 Legal Disclaimer
Tables & Figures:
List of Tables and Figures
Figure Marine Engines Product Picture
Table Global Marine Engines Revenue, ($), 2018 VS 2023 VS 2029
Figure Global Marine Engines Market Size 2018-2029 ($)
Table United States Marine Engines Revenue, ($), 2018 VS 2023 VS 2029
Figure United States Marine Engines Market Size 2018-2029 ($)
Figure United States Marine Engines Market Share in Global, in Value 2018-2029
Table Marine Engines CAGR in Value, United States VS Global, 2018 VS 2023 VS 2029
Table Marine Engines Market Trends
Table Marine Engines Market Drivers
Table Marine Engines Market Challenges
Table Marine Engines Market Restraints
Figure Marine Engines Report Years Considered
Figure (COVID-19) Impact on Global Economic Growth 2019, 2020, 2021
Figure Population infected by the Covid-19 of Major Countries
Table Top Marine Engines Players in Global Market, Ranking by Revenue (2023)
Table Global Marine Engines Revenue by Player, ($), 2018-2023
Table Global Marine Engines Revenue Share by Player, 2018-2023
Table Global Marine Engines Players Market Concentration Ratio (CR5)
Figure The Top 3 and 6 Largest Players of Marine Engines in the World: Market Share by Marine Engines Revenue in 2023
Table Top Players of Marine Engines in Global Market, Headquarters and Distribution
Table Players Marine Engines Business Type
Table Date of International Players Enter into Marine Engines Market
Table Players Mergers & Acquisitions, Expansion Plans
Table Top Marine Engines Players in United States Market, Ranking by Revenue (2023)
Table United States Marine Engines Revenue by Player, ($), 2018-2023
Table United States Marine Engines Revenue Share by Player, 2018-2023
Table Global Marine Engines Revenue by Type: 2023 VS 2029 ($)
Figure Global Marine Engines Market Share by Type in 2023 & 2029
Figure Global Marine Engines Revenue by Type (2018-2029) & ($)
Figure Global Marine Engines Revenue Market Share in Value by Type (2018-2029)
Table United States Marine Engines Revenue by Type: 2023 VS 2029 ($)
Figure United States Marine Engines Market Share by Type in 2023 & 2029
Figure United States Marine Engines Revenue by Type (2018-2029) & ($)
Figure United States Marine Engines Revenue Market Share in Value by Type (2018-2029)
Table Global Marine Engines Revenue by Application: 2023 VS 2029 ($)
Figure Global Marine Engines Market Share by Application in 2023 & 2029
Figure Global Marine Engines Revenue by Application (2018-2029) & ($)
Figure Global Marine Engines Revenue Market Share in Value by Application (2018-2029)
Table United States Marine Engines Revenue by Application: 2023 VS 2029 ($)
Figure United States Marine Engines Market Share by Application in 2023 & 2029
Figure United States Marine Engines Revenue by Application (2018-2029) & ($)
Figure United States Marine Engines Revenue Market Share in Value by Application (2018-2029)
Table Global Marine Engines Market Size by Region ($): 2018 VS 2023 VS 2029
Figure Global Marine Engines Market Size Market Share by Region: 2018 VS 2023 VS 2029
Table Global Marine Engines Revenue by Region (2018-2023) & ($)
Table Global Marine Engines Revenue Forecast by Region (2023-2029) & ($)
Table Global Marine Engines Revenue Market Share by Region (2018-2029)
Table Global Marine Engines Volume by Region (2018-2023) & ($)
Table Global Marine Engines Volume Forecast by Region (2023-2029) & ($)
Table Global Marine Engines Volume Market Share by Region (2018-2029)
Figure North America Marine Engines Revenue Growth Rate 2018-2029
Table North America Marine Engines Revenue by Country (2018-2029) & ($)
Figure U.S. Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Canada Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Asia Pacific Marine Engines Revenue Growth Rate 2018-2029 ($)
Table Asia Pacific Marine Engines Revenue by Country (2018-2029) & ($)
Figure China Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Japan Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure South Korea Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure India Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Australia Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Southeast Asia Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Europe Marine Engines Revenue Growth Rate 2018-2029 ($)
Table Europe Marine Engines Revenue by Country (2018-2029) & ($)
Figure Germany Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure France Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure UK Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Italy Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Russia Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Latin America Marine Engines Revenue Growth Rate 2018-2029 ($)
Table Latin America Marine Engines Revenue by Country (2018-2029) & ($)
Figure Mexico Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Brazil Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Argentina Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Middle East and Africa Marine Engines Revenue Growth Rate 2018-2029 ($)
Table Middle East and Africa Marine Engines Revenue by Country (2018-2029) & ($)
Figure Turkey Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure Saudi Arabia Marine Engines Revenue Growth Rate (2018-2029) & ($)
Figure UAE Marine Engines Revenue Growth Rate (2018-2029) & ($)
Table Hyundai Heavy Industries Engine Machinery Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Hyundai Heavy Industries Engine Machinery Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Hyundai Heavy Industries Engine Machinery Recent Development
Table Caterpillar Inc., Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Caterpillar Inc., Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Caterpillar Inc., Recent Development
Table Mitsubishi Heavy Industries Group Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Mitsubishi Heavy Industries Group Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Mitsubishi Heavy Industries Group Recent Development
Table Cummins Inc. Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Cummins Inc. Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Cummins Inc. Recent Development
Table Daihatsu Diesel Mfg. Co., Ltd. Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Daihatsu Diesel Mfg. Co., Ltd. Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Daihatsu Diesel Mfg. Co., Ltd. Recent Development
Table Wärtsilä Corporation Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Wärtsilä Corporation Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Wärtsilä Corporation Recent Development
Table Deere & Company Company Details
Table Description and Business Overview
Table Marine Engines Introduction
Table Deere & Company Marine Engines Revenue, Sales, and Gross Margin (2018-2023) (Million USD)
Table Deere & Company Recent Development
Figure Marine Engines Value Chain
Table Key Raw Materials
Table Major Distributors of Marine Engines with Contact Information
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
Research Methodology:
Marine Engines Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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