Marine Diesel Engine Market Is Driving Business Growth With Various Emerging Technology Till 2026

With the ongoing growth of the logistics industry, the marine diesel engine market is set to register a period of tremendous growth over the coming years. Essentially, marine diesel engines are quite similar to self-ignition engines that are used in heavy-duty vehicles; however these engines are generally bigger, more complex, and capable of operating with a higher efficiency.
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Approximately 75% of the overall diesel-powered marine engines are four-stroke engines; but, over 75% of the overall installed power is generated by two-stroke engines. Recently, four-stroke diesel-powered marine engines have been gaining tremendous importance both in marine as well as inland shipping, especially within smaller container as well as bulk carrier ships. This shifting trend is expected to influence the overall industry expansion over the coming years.
Today, low exhaust gas emissions and fuel consumption of ship engines is an integral parameter potential customers are looking for. Increasing environmental awareness and the subsequent introduction of initiatives that promote efficiency and sustainability would shape market outlook over the forthcoming years.
Considering the rapidly increasing global trade, ecommerce, and logistics activities, several industry players are focusing on consolidating their respective positions in the market. In fact, recently Mitsubishi Heavy Industries, announced its plan to acquire the shipbuilding unit of Mitsui E&S, MHI. Additionally, Hyundai Heavy Industries is also inkling closer to its merger with fellow South Korean conglomerate, Daewoo Shipbuilding & Marine Engineering. Such industry activities would greatly compliment industry revenue shares over the coming years.
The global marine diesel engine market is bifurcated into different segments such as technology, applications, and regional landscape.
On the basis of technology, the market is divided into low speed, medium speed, and high speed engines. Among these, the medium speed segment is forecast to register remunerative gains by the end of the analysis period. In 2019, the segment was valued at more than $1 billion.
In terms of application, the industry is classified into merchant, offshore, cruise & ferry, navy, and others. Among these, the offshore segment is anticipated to witness momentous gains owing to the growing demand for anchor handling vessels, which are expected to grow over to $30 million by the end of the analysis period.
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From a regional reference frame, the Europe marine diesel engine industry is anticipated to showcase distinguished growth. The regional growth is expected to be led by UK as the country's geographic position ensures that demand for marine shipping services remains high. In 2019, the UK accounted for more than 8% of the overall e=Europe market share. With growing demand from the country's offshore industry, the UK market is likely to carve out a bigger chunk of the overall industry on coming time period.
Report Content
Chapter 1    Methodology & Scope
1.1      Methodology
1.2      Market definitions
1.3      Market estimates and forecast parameters
1.4      Data Sources
1.4.1    Primary
1.4.2    Secondary
1.4.2.1    Paid sources
1.4.2.2    Public sources
1.5      Abbreviations
Chapter 2      Executive Summary
2.1      Marine diesel engine 3600 synopsis, 2015 – 2026
2.1.1    Business trends
2.1.2    Technology trends
2.1.3    Application trends
2.1.4    Regional trends
Chapter 3      Marine Diesel Engine Market, Industry Insights
3.1      Industry segmentation
3.2      Industry ecosystem analysis
3.2.1    Vendor matrix
3.3      Technology landscape
3.3.1    Low speed
3.3.2    Medium speed
3.3.3    High speed
3.4      Innovation & sustainability
3.4.1    Wärtsilä
3.4.2    Caterpillar
3.4.3    Volvo Penta
3.4.4    Other innovations
3.5      COVID- 19 impact on the overall industry outlook, 2020-2026
3.5.1    Optimistic View
3.5.2    Realistic View
3.5.3    Pessimistic View
3.6      Regulatory landscape
3.6.1    IMO
3.6.1.1    MARPOL
3.6.1.1.1      NOx Emissions Standards
3.6.1.1.2      Sox Emission Standards
3.6.1.1.3      Greenhouse Gas Emissions
3.6.2    U.S.
3.6.2.1    1999 Marine Engine Rule
3.6.2.2    2002 Recreational Engine Rule
3.6.2.3    2003 Category 3 engine rules
3.6.2.4    2008 Category ½ Engine Rules
3.6.2.5    Environment Control Areas
3.6.3    China
3.6.3.1    China, I/II Standards
3.6.3.2    Domestic Emission Control Areas
3.6.4    Japan
3.6.5    Europe
3.6.5.1    Directive 2004/26/EC
3.6.5.2    Directive 1999/32/EC
3.6.6    Marine Fuel
3.7      Shipbuilding industry trends & outlook
3.8      Global operated fleet, by operators, 2019
3.9      Industry impact forces
3.9.1    Growth drivers
1.1.1.1    Expansion in seaborne trade
1.1.1.2    Cost effective usage
1.1.1.3    Increasing maritime tourism
1.1.2    Industry pitfalls & challenges
1.1.2.1    Stringent regulations against emissions
3.10    Growth potential analysis
3.11    Porter’s analysis
3.11.1     Bargaining power of suppliers
3.11.2     Bargaining power of buyers
3.11.3     Threat of new entrants
3.11.4     Threat of substitutes
3.12    Competitive landscape, 2019
3.12.1     Strategy dashboard
3.12.1.1     Wärtsilä
3.12.1.1.1    Joint Venture
3.12.1.1.2    Mergers & Acquisition
3.12.1.1.3    Business Optimization Program
3.12.1.2     MAN Energy Solutions
3.12.1.2.1.    Expansion
3.12.1.2.2     Basecamp 3000+
3.12.1.2.3    New Product Launch
3.12.1.2.4    Acquisition
3.12.1.2.5    Joint Venture
3.12.1.2.6    Research & Development
3.12.1.2.7    Overseas Expansion
3.12.1.3     Volvo Penta
3.12.1.3.1    New Product Launches
3.12.1.3.2    Expansion of Distriution Network
3.12.1.4     Caterpillar
3.12.1.4.1   New Product Launches
3.12.1.5     Yamaha
3.12.1.5.1    New Product Launches
3.12.1.6     Other developments
3.12.2     Mergers & acquisition landscape
3.13    PESTEL analysis
 
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