Marine Diesel Engine Market Strategy and Actionable Insights

The marine diesel engine market is segmented on the basis of engine system, technology, and geography. Market segmentation for engine system includes low, medium and high speed. Market segmentation for types includes 2-stroke and 4-stroke. By geography, the market is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, France, Germany, Italy and rest of Europe), Asia-Pacific (China, Japan and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, South Africa, Rest of LAMEA).

Major players in the marine diesel engine market are John Deere (US), Yanmar Marine International BV (Netherlands), Caterpillar (US), Wrtsil (Finland), Mitsubishi Corporation (Japan), BMW AG (Germany ), Cummins Inc. (USA), MAN SE (Germany), Daimler AG (Germany) and International Diesel Engines (USA).

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Marine diesel engines are used for main propulsion or to turn the propeller(s) of normal ships and are usually 2-stroke engines, while those used to provide auxiliary power are usually 4-stroke high-speed diesel engines . The general operating efficiency of the marine diesel engine operates at an average efficiency of 40% to 50% depending on engine age, deadweight tonnage and vessel size.

Rising demand for economically viable, reliable, durable and fuel efficient engines further complements the market penetration of marine diesel engines. The shipping industry’s focus on developing advanced engines that improve fuel efficiency and reduce carbon dioxide emissions is also fueling the growth of the market. The phasing out of traditional steam engines from various utility sectors is further providing a significant boost to the marine diesel engine market. Moreover, cost affordability enhances the market share. In addition, the decline in the price of crude oil further stimulates the demand for products. Government restrictions and environmental restrictions on diesel engines act as impediments to the growth of marine diesel engine markets. Rising investment in the shipbuilding industry coupled with rising R&D in environment-friendly technologies and improved fuel efficiency is supporting the growth of the diesel engine market sailors.

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Key Benefits

The study provides an in-depth analysis of the marine diesel engine market with current and future trends to elucidate the impending investment pockets in the market.
Current and future trends are described to determine overall attractiveness and to distinguish profitable trends to gain a better foothold in the market.
The report provides information on key drivers, restraints and opportunities
Quantitative analysis of the current market and estimates through 2017-2023 are provided to showcase the financial caliber of the market

Key Segmentation of the Marine Diesel Engines Market:

By engine system
Low speed
Average speed
Great speed

By types
2 times
4 impacts

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Main market players
John Deere (USA)
Yanmar Marine International BV (Netherlands)
Caterpillar (USA)
Wrtsil (Finland)
Mitsubishi Corporation (Japan)
BMW AG (Germany)
Cummins Inc. (USA)
MAN SE (Germany)
Daimler AG (Germany)
International Diesel Engines (USA)

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