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Marine Propulsion Engine Market Share

Report ID: GMI791
Published Date: Jul 2023
Report Format: PDF

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Marine Propulsion Engine Market Share

The major players operating in the marine propulsion engine market includes

Caterpillar
Cummins
Ingeteam
MAN Energy Solutions
Masson Marine
Rolls-Royce plc
Scania
AB Volvo Penta
Wärtsilä
Yamaha Motor Co.
YANMAR Marine International
MITSUBISHI TURBOCHARGER AND ENGINE EUROPE B.V.
DEUTZ AG
Société Internationale des Moteurs Baudouin
Deere & Company
Steyr Motors Betriebs
NANNI Industries
VETUS
Isuzu Motors America
Perkins Engines Company Limited
Bukh
Anglo Belgian Corporation
Craftsman Marine
HYUNDAI HEAVY INDUSTRIES

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of marine propulsion engine was valued at 19.7 billion in 2023 and is estimated to surpass USD 26.4 billion by 2032, says this GMI report.

The fuel cell marine propulsion engine industry will witness growth on account of growing demand for hydrogen as a fuel source driven by stricter environmental regulations to reduce greenhouse gas emissions.

European market for marine propulsion engine crossed USD 3.3 billion in 2022. Paradigm shift toward alternative fuels driven by decarbonization efforts in the maritime industry due to stricter emissions regulations and economic targets will foster the industry potential.

Caterpillar, Cummins, Ingeteam, MAN Energy Solutions, Masson Marine, Rolls-Royce plc, Scania, AB Volvo Penta, Wärtsilä, Yamaha Motor Co., and YANMAR Marine International among others.