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Asia Pacific Marine Propulsion Engine Market Share

Report ID: GMI8626
Published Date: Mar 2024
Report Format: PDF

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Asia Pacific Marine Propulsion Engine Market Share

AB Volvo Penta is on of the significant player in the marine propulsion engines industry. The company is a subsidiary of the Swedish multinational manufacturing company, Volvo Group, specializing in marine and industrial engines. In the marine propulsion sector, it offers a wide range of engines, propulsion systems, and accessories for leisure boating, commercial marine applications, and marine leisure applications.

Asia Pacific Marine Propulsion Engine Market Companies

Some of the leading key players operating across the industry are:

AB Volvo Penta
Caterpillar
Craftsman Marine
Cummins
Deere & Company
DEUTZ AG
HYUNDAI HEAVY INDUSTRIES
Ingeteam
Isuzu Motors Asia Ltd.
MAN Energy Solutions
NANNI Industries
Perkins Engines Company Limited
Rolls-Royce plc
Scania
VETUS
Wärtsilä
Yamaha Motor Co.
YANMAR Marine International

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for marine propulsion engine was reached USD 11.4 billion in 2023 and is estimated to grow at 3.3% CAGR from 2024 to 2032, owing to the surging demand for fuel-efficient engines, combined with the rising preference for LNG-powered systems.

Asia Pacific diesel marine propulsion engine market is projected to be worth more than USD 8.5 billion by 2032, owing to the ongoing expansion of the shipping sector along with the rising need for fuel-efficient engines.

Japan marine propulsion engine industry is set to generate USD 3 billion by the end of 2032 owing to the favorable regulations aimed at boosting the utilization of marine fuel alternatives including fuel cells, natural gas, and wind power.

Few Asia Pacific marine propulsion engine industry players include AB Volvo Penta, Caterpillar, Craftsman Marine, Cummins, Deere & Company, DEUTZ AG, HYUNDAI HEAVY INDUSTRIES, Ingeteam, Isuzu Motors Asia Ltd., MAN Energy Solutions, NANNI Industries, Perkins Engines Company Limited, Rolls-Royce plc, Scania, VETUS, Wärtsilä, Yamaha Motor Co., and YANMAR Marine International.