Global Marine Diesel Engine Market: By Type (Auxiliary and Propulsion), By Speed (Low-Speed, Medium-Speed and High-Speed), By Stroke (2-Stroke and 4-Stroke), By Application (Cargo Ship, Cruise Ship and Others), and Region - Forecast Till 2023
Market analysis

Expanded concentrated on vitality effective marine motor will keep on affecting the market. Marine diesel engines convert the thermal energy of the fuel into mechanical energy in boats. Present-day marine diesel motor limit changes somewhere in the range of 40 and 416 kW (54 to 558 hp) and is utilized in cruise ships and ferries, cargo ships, military, and government boats, auxiliary ships, landing craft, industrial and small-scale fishing, patrol boats, and search-and-rescue vessels. These motors have turned into a standard in present-day ships. The previously mentioned variables are supporting the development of the market. The global marine diesel engine market is anticipated to develop at 3.83% CAGR during the estimated time frame (2018-2023). The market will outperform a valuation of USD 6,300 Mn constantly 2023.

Market segmentation

The global marine diesel engine market is segmented on the basis of its type, stroke, speed, application, and regional demand. Based on its type, the market is divided into Propulsion and Auxiliary. On the basis of its Stroke, the market is bifurcated into 2-Stroke and 4-Stroke. On the basis of its Speed, the market is categorized into Low-Speed, Medium-Speed, and High-Speed. Based on its Application, the market is segmented into Cruise Ship, Cargo Ship, and Others.

Regional analysis

Geographically, the global marine diesel engine market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Deere & Company, Japan Engine Corporation, Cummins Inc., Caterpillar, AGCO Power Inc., Yanmar Co Ltd., Kirlosker Oil Engines Ltd., Honda Motor Co., Ltd, Greaves Cotton Limited, Cox Marine, China Shipbuilding Industry Group Diesel Engine Co., Ltd., STX Engine, Hyundai Heavy Industries Co., Ltd.,among others are some of the major players in the global marine diesel engine market.