Home > Automotive > Automotive Parts > Transmission and Drivetrain > Inboard Engines Market

Inboard Engines Market Share

Report ID: GMI5446
Published Date: May 2024
Report Format: PDF

Download Free Sample

Inboard Engines Market Share

Global Inboard Engines Company Market Share Analysis, (2023)

The inboard engines industry is fragmented, with several regional companies operating on a global scale. In 2023, Caterpillar Inc, Cummins Inc., Volvo Penta, Rolls–Royce plc, and Mitsubishi Heavy Industries led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

Inboard Engines Market Companies

Major players operating in the inboard engines industry are:

Caterpillar Inc.
Crusader Engines
Cummins Inc.
Ilmor Engineering, Inc.
Indmar Marine Engines
MAN Energy Solutions
Mercury Marine
MTU Friedrichshafen GmbH
Nanni Industries
PCM (Pleasurecraft Marine Engine Co.
Scania AB
Suzuki Motor Corporation
Volvo Penta
Yamaha Motor Co., Ltd.
Yanmar Co., Ltd.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of inboard engines was reached USD 1.5 billion in 2023 and is expected to register 6.4% CAGR from 2024 to 2032, owing to the growing popularity of recreational boating activities including fishing, watersports, and cruising worldwide.

Inboard engines industry from the diesel segment is expected to reach USD 1.5 billion by 2032, due to their dependability and torque output, they are essential for heavy cargo transportation, commercial fishing, and towing operations.

North America inboard engines industry held 26% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to increasing recreational boating activities including sailing, fishing, cruising, and watersports in the region.

MAN Energy Solutions, Mercury Marine, MTU Friedrichshafen GmbH, Nanni Industries, PCM (Pleasurecraft Marine Engine Co., Scania AB, Suzuki Motor Corporation, Volvo Penta, Yamaha Motor Co., Ltd., and Yanmar Co., Ltd., are some of the major inboard engines companies worldwide.