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Marine Reciprocating Engine Market Size
- Report ID: GMI9799
- Published Date: Jun 2024
- Report Format: PDF
Marine Reciprocating Engine Market Size
Marine Reciprocating Engine Market was valued at USD 24.1 billion in 2023 and is estimated to grow at a CAGR of 5.8% from 2024 to 2032. Ongoing expansion in the shipping sector along with increasing international trade and maritime activities will positively impact the business landscape. For instance, the annual growth in container shipping between China and Mexico has risen by over 30% in 2023.
A reciprocating marine engine is an internal combustion engine that converts the reciprocating motion of a piston into rotational motion to propel marine vessels. These systems operate on the principle of converting fuel and air mixture combustion into mechanical energy, driving the movement of pistons in a reciprocating motion. This mechanical motion is then transmitted to a crankshaft, ultimately turning the vessel's propeller and providing thrust for propulsion. These engines are used in various types of ships and boats for transportation.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Marine Reciprocating Engine Market Size in 2023: | USD 24.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.8% |
| 2032 Value Projection: | USD 40.2 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 116 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Fuel, Rated Power & Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Marine Reciprocating Engine Market Scope
