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Marine Diesel Engine Market Share

Report ID: GMI158
Published Date: Apr 2023
Report Format: PDF

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Marine Diesel Engine Market Share

Some of the leading manufacturers and producers of marine diesel engines include:

MAN Energy Solutions
Siemens
Caterpillar
Rolls-Royce
Cummins
IHI Corporation
Hyundai
Wartsila
Deere & Company
Anglo Belgian Corporation
Daihatsu Diesel Mfg. Co., Ltd.
DEUTZ
Kawasaki Heavy Industries
Yanmar
Yuchai International
Scania
STX Heavy Industries,
AB Volvo.

In order to attain competitive benefits, these industry players are focused on technological innovations in engine design and development as well as strategic alliances, including partnerships.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of marine diesel engine crossed USD 5 billion in 2023 and is anticipated to witness 4.8% CAGR through 2032, due to the continuously increasing seaborne trade activities worldwide.

Industry size of 1,000 - 5,000 HP product type is expected to surpass USD 2.8 billion by 2032 on account of increasing penetration in commercial and recreational vessels.

Marine diesel engine industry size from merchant applications will attain 4.5% gains during 2024 to 2032 owing to the rapid expansion as well as opening of major shipping routes, including choke points.

MAN Energy Solutions, Siemens, Caterpillar, Rolls-Royce, Cummins, IHI Corporation, Hyundai, Wartsila, Deere & Company, Anglo Belgian Corporation, Daihatsu Diesel Mfg. Co., Ltd., and DEUTZ are some prominent players in the business scenario.