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Marine Diesel Engines Market Share

Report ID: GMI158
Published Date: Dec 2024
Report Format: PDF

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Marine Diesel Engines Market Share

Marine Diesel Engines Company Market Share Analysis, 2024

The manufacturers in the marine diesel engine industry are adopting several key strategies to stay competitive and meet evolving industry demands. One significant focus is on developing engines with enhanced environmental performance to align with stricter regulations, such as the IMO 2020 sulfur cap. The companies are innovating by integrating advanced technologies including direct-injection systems, electronic fuel injection, and hybrid turbocharging, improving fuel efficiency and reducing emissions?.

Marine Diesel Engines Market Companies

Major players operating in the marine diesel engines industry are:

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

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of marine diesel engines reached USD 5.2 billion in 2024 and is set to grow at a 4.7% CAGR from 2025 to 2034, driven by the expansion of global seaborne trade and a favorable shipping industry outlook.

The merchant application segment is anticipated to grow at a CAGR of over 4% through 2034, supported by government investments in advanced shipping fleets to enhance national security and rising maritime tourism.

The U.S. market is expected to surpass USD 700 million by 2034, led by abundant raw materials, affordable labor, and retrofitting efforts for eco-friendly engines.

The key players in the industry include AB Volvo, Anglo Belgian, Caterpillar, Cummins, Daihatsu Diesel, Deere & Company, DEUTZ, Hyundai, IHI Corporation, Kawasaki Heavy Industries, MAN Energy Solutions, Rolls-Royce, Scania, Siemens, STX Heavy Industries, Wärtsilä, Yanmar, and Yuchai International.