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Europe Marine Propulsion Systems Market Share

Report ID: GMI8774
Published Date: Apr 2024
Report Format: PDF

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Europe Marine Propulsion Systems Market Share

SCHOTTEL is one of the leading manufacturers of propulsion & steering systems for ships and offshore applications. The company offers a diverse range of propulsion systems tailored to meet the specific needs of different vessel types and applications. It started with the development of the Rudderpropeller, a groundbreaking invention that combined propulsion and steering functions in a single unit.

Europe Marine Propulsion Systems Market Companies

The key industry players include:

AB Volvo Penta
ABB
Anglo Belgian Corporation
Caterpillar
Cummins
DAIHATSU DIESEL MFG.CO.
DEUTZ AG
HHI Engine & Machinery
IHI Power Systems Co.
Kawasaki Heavy Industries
MAN Energy Solutions
Mitsubishi Heavy Industries
Rolls-Royce
Scania
SCHOTTEL Group
STX ENGINE
Wartsila
Yamaha Motor Co.
YANMAR HOLDINGS CO.
ZF Friedrichshafen AG

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for marine propulsion systems in Europe reached USD 4.6 billion in 2023 and is set to witness 2.7% CAGR up to 2032, due to the increase in maritime trade and fleet size along with rising demand of high-performance engines.

Europe 4-stroke marine propulsion systems industry size will exceed USD 2 billion by 2032, owing to the emerging trend of extensive international trade routes coupled with the use of affordable fuel.

Germany market size is poised to surpass USD 900 million by 2032, attributed to the heightened focus on enhancing diesel-engine capacity to drive next-generation and advanced tank performance.

Leading marine propulsion system firms in Europe are AB Volvo Penta, ABB, Anglo Belgian Corporation, Caterpillar, Cummins, DAIHATSU DIESEL MFG.CO., and DEUTZ AG.