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Marine Turbocharger Market Share

Report ID: GMI4399
Published Date: Dec 2020
Report Format: PDF

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Marine Turbocharger Market Share

Leading industry participants operating in the marine turbocharger market include:

Kompressorenbau Bannewitz GmbH
Napier Turbochargers Ltd
MAN Diesel & Turbo
Heavy Industries Marine Machinery & Equipment Co., Ltd
Istanbul MarineTurbine Service
Hedemora Turbo & Diesel AB
Shanghai Daewin Marine Parts
Rotomaster International
La Meccanica Turbo Diesel
BorgWarner Turbo Systems
Cummins, Inc
Kawasaki Heavy Industries, Ltd
Mitsubishi IHI Corporation
Liaoning RongLi Turbocharger Co., Ltd
PBS Turbo s.r.o
ABB
MTU Friedrichshafen

Industry players are constantly expanding their product portfolio to cater to the surging demand.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for marine turbochargers was over USD 559.5 million during 2019 and is projected to witness around 7.8% CAGR through 2026.

The axial marine turbocharger industry share is anticipated to record close to 9.4% CAGR over 2020-2026 owing to increasing use across large two-stroke engine applications.

The market share from the recreational boats segment is expected to surpass USD 700 million by 2026 due to the expanding tourism sector and improved sales of luxury vessels.

North America marine turbocharger industry will hold around 50% of the global share by 2026 owing to the high demand for recreational boats and a rise in coastal tourism.