Global Marine Internal Combustion Engine Market Growth 2019-2024

Marine internal combustion engine is a kind of device applied in marine propulsion system. It supplies power to the marine ships. The marine internal combustion engine is quite vast compared with the engines used in automobiles. It is made up of several components such as the block, crankshaft, bedplate, pistons, cylinder head and valves. Generally, marine internal combustion engine take heavy oil and diesel as fuel.
Korea, Japan and China are the major consumption market of marine internal combustion engine. Among them, Korea is the leader of low-speed marine internal combustion engine market, while ship manufacturers generally prefer to build medium-speed ship in Japan and China.
China is one of the largest consumption markets of marine internal combustion engine. But manufacturers in China didn’t provide enough products. The products made in China don’t have the same quality compared with by the product made in aboard, though they have the same design and solutions, this is because of the low performance of base parts.
In China, marine internal combustion engine industry is encouraged by the governments. In this year, CSSC and CISC have signed contact with MAN for the technology license. With the development of macro economy, the marine internal combustion engine industry may get a rapid development.

According to this study, over the next five years the Marine Internal Combustion Engine market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Marine Internal Combustion Engine business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Internal Combustion Engine market by product type, application, key manufacturers and key regions and countries.

This study considers the Marine Internal Combustion Engine value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Low-speed Engine
Medium-speed Engine
High-speed Engine
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Container Ship
Bulk Freighter
Tanker
Cruise
LNG Ship
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Hyundai
Doosan
Mitsui
STX
Caterpillar (MAK)
Rolls-Royce (MTU)
Yanmar
Mitsubishi
Hitachi Zosen
DAIHATSU
Kawasaki
Diesel United
Niigata
CSSC
CSIC
Antai Power
Jinan Diesel Engine
Rongan Power
Yangpu Heavy Machinery
ZGPT Diesel

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Marine Internal Combustion Engine consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Marine Internal Combustion Engine market by identifying its various subsegments.
Focuses on the key global Marine Internal Combustion Engine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Marine Internal Combustion Engine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Marine Internal Combustion Engine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.