Global Marine Propulsion Systems Market Outlook
Top Driver: The surge in environmental awareness has mounted the demand of Marine Propulsion Systems Market
The growing environmental awareness around the world to curb pollution along with strict governmental regulation have positively impacted the influence of the market; moreover, the rise in international trade activities along with rising shipbuilding activities have raised the market revenue. Technical advancements in the development of engine design to reduce operational costs have propelled the market of marine propulsion systems industry value.
Government regulations Boost the demand for Natural gas.
Based on Product Natural gas, the segment has dominated the segmental growth. This growth is attributed to the strict government regulation regarding the use of fuel and initiatives by the government for a greener environment have boosted segmental growth. The rise in the R&D investment along with the technical enhancements with the use of Natural gas have expanded the market revenue
In terms of technology, the Low-Speed segment has obtained the most remarkable growth and has held a substantial market share as they have huge thermal efficiency and a broad application base. In terms of the Application Recreationalsegment, has obtained the most significant growth increase in the standard of living and the rise purchasing power of the people and the substantial growth of marine tourism have escalated the segmental growth.
The Asia Pacific boosts the regional market due to the rise in shipbuilding activities in the region
Asia-Pacific has held the lucrative regional growth in the market due to the accumulative growth in shipbuilding activities, especially in developing economies like Japan, South Korea, and China. These countries acquire most of the share of the market. North America has held a significant market revenue due to the rise in shipbuilding activities for the battle forces and the surge in demand for commercial vessels has boosted the market of North America. The increase in the trade activities of crude oil in the middle east countries has expanded the market growth of the region.
Strategic collaborations, mergers, and acquisitions are the major strategies of the competitors
The Players of the Global Marine Propulsion Systems Market are fragmented. Collaborations, mergers, and acquisitions, are strategies used by the competitors The key competitors of the Global Marine Propulsion Systems Market are Wartsila, Volvo Penta, Man Energy Solutions, Caterpillar, GE Transportation, Cummins, John Deere, Dresser-Rand Group, Rolls Royce, and Brunswick Corporation
Volvo Penta: Volvo Penta, is one of the major competitors of the Global Marine Propulsion Systems Market; for instance, In July 2017, Volvo Penta, had announced the acquisition of outboard motor manufacturer Seven Marine. The acquisition was made by Volvo Penta, to expand its tech platform by offering a modular solution to deliver the desired power in the water.
Wartsila: Wartsila, is a popular competitor in the Global Marine Propulsion Systems Market. In May 2018, Wartsila had announced the acquisition of Transas, they are a global leader in marine navigation solutions that includes complete bridge systems, digital products, and electronic charts. The acquisition was made by Wartsila, to strengthen its business
Scope of the Report
By Product
Wind & Solar
Natural Gas
Gas Turbine
Others
By Technology
Low Speed
Medium Speed
High Speed
By Application
Commercial
Offshore
Recreational
Others
By Region
North America
Europe
Asia Pacific
Rest Of World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Marine Propulsion Systems Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global Marine Propulsion Systems Market -Industry Snapshots
6.1 Overview
6.1.1 Global Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global Marine Propulsion Systems Market Analysis, by Product
7.1 Overview
7.2 Key Findings for Marine Propulsion Systems Market- By Product
7.2.1 Marine Propulsion Systems Market- Wind & Solar
7.2.2 Marine Propulsion Systems Market- Natural Gas
7.2.3 Marine Propulsion Systems Market- Gas Turbine
7.2.4 Marine Propulsion Systems Market- Others
Chapter 8 Global Marine Propulsion Systems Market Analysis, by Technology
8.1 Overview
8.2 Key Findings for Marine Propulsion Systems Market- By Technology
8.2.1 Marine Propulsion Systems Market- Low Speed
8.2.2 Marine Propulsion Systems Market- Medium Speed
8.2.3 Marine Propulsion Systems Market- High Speed
Chapter 9 Global Marine Propulsion Systems Market Analysis, by Application
9.1 Overview
9.2 Key Findings for Marine Propulsion Systems Market- By Application
9.2.1 Marine Propulsion Systems Market- polyurethane Commercial
9.2.2 Marine Propulsion Systems Market- Offshore
9.2.3 Marine Propulsion Systems Market- Recreational
9.2.4 Marine Propulsion Systems Market- Others
Chapter 10 Marine Propulsion Systems Market Analysis by Region
10.1 Key Findings for Marine Propulsion Systems Market- By region
10.2 Overview
10.2.1 Global Marine Propulsion Systems Market Analysis, By Product, 2019 - 2028
10.2.2 Global Marine Propulsion Systems Market Analysis, By Technology, 2019 - 2028
10.2.3 Global Marine Propulsion Systems Market Analysis, By Application, 2019 - 2028
10.3 Marine Propulsion Systems Market North America
10.3.1 Overview
10.3.2 U.S.
10.3.3 Canada
10.3.4 Mexico
10.3.5 North America Market, By Product
10.3.6 North America Market, By Technology
10.3.7 North America Market, By Application
10.4 Marine Propulsion Systems Market Europe
10.4.1 Overview
10.4.2 Germany
10.4.3 United Kingdom
10.4.4 France
10.4.5 Italy
10.4.6 Rest Of Europe
10.4.7 Europe Market, By Product
10.4.8 Europe Market, By Technology
10.4.9 Europe market by, Application
10.5 Marine Propulsion Systems Market Asia Pacific
10.5.1 Overview
10.5.2 China
10.5.3 Japan
10.5.4 India
10.5.5 Rest of APAC
10.5.6 Asia Pacific Market, By Product
10.5.7 Asia Pacific Market, By Technology
10.5.8 Asia Pacific Market, By Application
10.6 Marine Propulsion Systems Market Rest Of World
10.6.1 Overview
10.6.2 Middle East & Africa (MEA)
10.6.3 Latin America
10.6.4 Rest Of World
10.6.5 Latin America, Middle East and Africa Market, By Product
10.6.6 Latin America, Middle East and Africa Market, By Technology
10.6.7 Latin America, Middle East and Africa Market, By Application
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
11.1.3 Recent Developments
Chapter 12 Company Profiles- Snapshot
12.1 Wartsila
12.1.1 Business Fundamentals
12.1.2 Financial Snapshots
12.1.3 Product Portfolio
12.1.4 Recent Developments
12.2 Volvo Penta
12.3 Man Energy Solutions
12.4 Caterpillar
12.5 GE Transportation
12.6 Cummins
12.7 John Deere
12.8 Dresser-Rand Group
12.9 Rolls Royce
12.10 Brunswick Corporation
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies
Chapter 13 Appendix
List Of Tables
TABLE 1 Marine Propulsion Systems Market by Product 1, 2019 - 2028 (USD Million)TABLE 2 Marine Propulsion Systems Market by Product 2, 2019 - 2028 (USD Million)
TABLE 3 Marine Propulsion Systems Market by Product 3, 2019 - 2028 (USD Million)
TABLE 4 Marine Propulsion Systems Market by Technology 1, 2019 - 2028 (USD Million)
TABLE 5 Marine Propulsion Systems Market by Technology 2, 2019 - 2028 (USD Million)
TABLE 6 Marine Propulsion Systems Market by Technology 3, 2019 - 2028 (USD Million)
TABLE 7 Marine Propulsion Systems Market by Technology 4, 2019 - 2028 (USD Million)
TABLE 8 Marine Propulsion Systems Market by Application 1, 2019 - 2028 (USD Million)
TABLE 9 Marine Propulsion Systems Market by Application 2, 2019 - 2028 (USD Million)
TABLE 10 Marine Propulsion Systems Market by Application 3, 2019 - 2028 (USD Million)
TABLE 11 Marine Propulsion Systems Market by Application 4, 2019 - 2028 (USD Million)
TABLE 12 Global Marine Propulsion Systems Market Value, By Product, 2019 - 2028 (US$ Bn)
TABLE 13 Global Marine Propulsion Systems Market Value, By Technology, 2019 - 2028 (US$ Bn)
TABLE 14 Global Marine Propulsion Systems Market Value, By Application, 2019 - 2028 (US$ Bn)
TABLE 15 Marine Propulsion Systems Market Analysis by North America (USD Million), 2019 - 2028
TABLE 16 U.S. Marine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 17 U.S. Marine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 18 U.S. Marine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 19 U.S. Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 20 Canada Marine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 21 Canada Marine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 22 Canada Marine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 23 Canada Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 24 MexicoMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 25 MexicoMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 26 MexicoMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 27 Mexico Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 28 Marine Propulsion Systems Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 29 GermanyMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 30 GermanyMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 31 GermanyMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 32 Germany Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 33 United KingdomMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 34 United KingdomMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 35 United KingdomMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 36 United Kingdom Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 37 FranceMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 38 FranceMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 39 FranceMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 40 France Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 41 ItalyMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 42 ItalyMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 43 ItalyMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 44 Italy Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 45 Rest Of EuropeMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 46 Rest Of EuropeMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 47 Rest Of EuropeMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 48 Rest of Europe Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 49 Marine Propulsion Systems Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 50 ChinaMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 51 ChinaMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 52 ChinaMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 53 China Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 54 JapanMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 55 JapanMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 56 JapanMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 57 Japan Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 58 IndiaMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 59 IndiaMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 60 IndiaMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 61 India Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 62 Rest of APACMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 63 Rest of APACMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 64 Rest of APACMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 65 Rest of APACMarine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 66 Marine Propulsion Systems Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 67 Middle East & Africa (MEA)Marine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 68 Middle East & Africa (MEA) Marine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 69 Middle East & Africa (MEA) Marine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 70 Middle East & Africa (MEA) Market, By Application, 2019 - 2028 (USD Million)
TABLE 71 Latin AmericaMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 72 Latin AmericaMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 73 Latin AmericaMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 74 Latin America Marine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
TABLE 75 Rest Of WorldMarine Propulsion Systems Market, 2019 - 2028 (USD Million)
TABLE 76 Rest Of WorldMarine Propulsion Systems Market, By Product, 2019 - 2028 (USD Million)
TABLE 77 Rest Of WorldMarine Propulsion Systems Market, By Technology, 2019 - 2028 (USD Million)
TABLE 78 Rest Of WorldMarine Propulsion Systems Market, By Application, 2019 - 2028 (USD Million)
List Of Figures
FIG. 1 Global Marine Propulsion Systems: Market SegmentationFIG. 2 Global Marine Propulsion Systems Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Marine Propulsion Systems Market Value Contribution, By Product, 2019 & 2026 (%)
FIG. 9 Global Marine Propulsion Systems Market Value Contribution, By Technology, 2019 & 2026 (%)
FIG. 10 Global Marine Propulsion Systems Market Value Contribution, By Application, 2019 & 2026 (%)
FIG. 11 Global Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 North America Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 13 Marine Propulsion Systems Market Segment 1 North America
FIG. 14 Marine Propulsion Systems Market Segment 2 North America
FIG. 15 Marine Propulsion Systems Market Segment 3 North America
FIG. 16 Marine Propulsion SystemsU.S. outlook, 2019 & 2026
FIG. 17 Marine Propulsion SystemsCanada outlook, 2019 & 2026
FIG. 18 Marine Propulsion SystemsMexico outlook, 2019 & 2026
FIG. 19 Europe Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 20 Marine Propulsion Systems Market Segment 1 Europe
FIG. 21 Marine Propulsion Systems Market Segment 2 Europe
FIG. 22 Marine Propulsion Systems Market Segment 3 Europe
FIG. 23 Marine Propulsion SystemsGermany outlook, 2019 & 2026
FIG. 24 Marine Propulsion SystemsUnited Kingdom outlook, 2019 & 2026
FIG. 25 Marine Propulsion SystemsFrance outlook, 2019 & 2026
FIG. 26 Marine Propulsion SystemsItaly outlook, 2019 & 2026
FIG. 27 Marine Propulsion SystemsRest Of Europe outlook, 2019 & 2026
FIG. 28 Asia Pacific Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 29 Marine Propulsion Systems Market Segment 1 Asia Pacific
FIG. 30 Marine Propulsion Systems Market Segment 2 Asia Pacific
FIG. 31 Marine Propulsion Systems Market Segment 2 Asia Pacific
FIG. 32 Marine Propulsion SystemsChina outlook, 2019 & 2026
FIG. 33 Marine Propulsion SystemsJapan outlook, 2019 & 2026
FIG. 34 Marine Propulsion SystemsIndia outlook, 2019 & 2026
FIG. 35 Marine Propulsion SystemsRest of APAC outlook, 2019 & 2026
FIG. 36 Rest Of World Marine Propulsion Systems Market Value, 2019 - 2028, (US$ Bn)
FIG. 37 Marine Propulsion Systems Market Segment 1 Rest Of World
FIG. 38 Marine Propulsion Systems Market Segment 2 Rest Of World
FIG. 39 Marine Propulsion Systems Market Segment 3 Rest Of World
FIG. 40 Marine Propulsion SystemsMiddle East & Africa (MEA) outlook, 2019 & 2026
FIG. 41 Marine Propulsion SystemsLatin America outlook, 2019 & 2026
FIG. 42 Marine Propulsion SystemsRest Of World outlook, 2019 & 2026
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