Marine Propulsion Engine Market Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

 

Marine Propulsion Engine Market
Marine Propulsion Engine Market

The Asia-Pacific region is expected to grow rapidly over the forecast period as a result of increased international trade and exports from the region. Because of the presence of ports such as Shanghai, Hong Kong, Nhava Shava (India), and Singapore, both India and China have emerged as major business hubs in the region, with an increased pace of activities in the marine manufacturing sector and maritime trade. New technology developments by key players will also drive growth in the Asia-Pacific market.

North America is expected to gain the most market share in the global Marine Propulsion Engine market over the forecast period, owing to rising CO2 emissions and the region's strict regulations. The region forecasts to force marine engine manufacturers to develop engines that are capable of fulfilling the US EPA New Source Performance Standards (NSPS). Furthermore, growing seaborne trade will encourage key players in the market to introduce new products to attract new end users, which is expected to augment the growth of the global marine propulsion engine market in the region.

The market is divided into four sections: engine type, application type, ship type, and geography. The market is divided into diesel, gas turbine, natural engine, and other engine types. The market is divided into three application types: passenger, commercial, and defence. The market is divided into ship types such as container ships, tankers, bulk carriers, offshore vessels, naval ships, and passenger ships. The market is divided into four regions: North America, Europe, Asia-Pacific, and the Rest of the World.

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