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Marine Engine Market to Rise at a CAGR of 4.58% till 2026; Driven by Recent Advancements in Marine Engine Manufacturing, says Fortune Business Insights

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Pune, June 09, 2020 (GLOBE NEWSWIRE) — The global marine engine market will derive growth from the advent of electric automobiles for trading purposes. The market was valued at USD 12.05 Billion in 2018 and exhibit a CAGR of 4.58% from 2019 to 2026. According to a report published by Fortune Business Insights, titled “Marine Engine Market Size, Share & Industry Analysis, By Ship Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Gas Carriers, Chemical Tankers, Support Vessels, Ferries & Passenger ships, and Others), By Capacity, By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, LNG, and Others), By Speed (High Speed, Medium Speed, and Low Speed), By Stroke (Two Stroke, Four Stroke, and Others) and Regional Forecast, 2019-2026,” the market will reach USD 17.09 Billion by 2026.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please visit: https://www.fortunebusinessinsights.com/industry-reports/marine-engine-market-100771
The demand for marine automobile will have a positive impact on the marine engines market. Several factors have contributed to the increasing demand for marine engines in recent years. Moreover, technological advancements and cost-effective transportation have aided market growth. The report identifies a few of the primary factors that have constituted an increase in the global marine engine market size in recent years and highlights leading growth drivers. Additionally, the report discusses a few of the factors that have restrained market growth. Besides this, the report labels leading companies in the market.The increasing resource production and improved raw material production will aid the demand for trade activities across the world. The increasing number of supply chains will create more trade opportunities, which in turn will have a direct impact on marine automobile and marine engine. The involvement of industrial expertise and experienced examination in manufacturing of marine automobile will benefit the overall industry. These factors have a significant influence on the export activities of a country. The advancements in marine carriage ships such as high fuel efficiency, improved stability, and larger spaces will provide platforms for growth of the global marine engine market in the coming years.Asia Pacific to Emerge as the Leading RegionThe growing trade activities in several countries across the Asia Pacific has led to a huge demand for marine engines in this region. The growing adoption of ships and boats for entertainment and travel purposes will contribute to market growth. The enormous oil and gas industry in Asia Pacific has led to an increase in export activities. The growing population has created an overall increase in the demand for resources across diverse industries. Asia Pacific generated an engine market revenue of USD 5.13 Bn in 2018.CaterpillarCumminsHyundai Heavy IndustriesMan Diesel & TurboMitsubishi Heavy IndustriesWartsilaKongsbergMahindra PowerolChryslerGeneral MotorsYanmar Holdings Co. Ltd.Doosan InfracoreHonda Motors Co. Ltd.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesLatest Technological AdvancementRegulatory LandscapeIndustry SWOT AnalysisPorters Five Forces AnalysisValue Chain AnalysisGlobal Marine Engine Market Analysis (USD billion), Insights and Forecast, 2015-2026Key Findings/SummaryMarket Analysis, Insights and Forecast – By Ship TypeOil TankersBulk CarriersGeneral Cargo ShipsContainer ShipsChemical TankersSupport VesselsGas CarriersFerries and Passenger shipsOtherMarket Analysis, Insights and Forecast – By Capacity0 – 10000 HP10000 – 20000 HP20000 – 30000 HP30000 – 40000 HP40000 – 50000 HP50000 – 60000 HP60000 – 70000 HP70000 – 80000 HP80000 – 90000 HP90000 – 100000 HP100000 – 110000 HPGreater than 110000 HPMarket Analysis, Insights and Forecast – By SpeedLow SpeedMedium SpeedHigh SpeedMarket Analysis, Insights and Forecast – By StrokesTwo StrokeFour StrokeOthersMarket Analysis, Insights and Forecast – By FuelHeavy Fuel OilIntermediate Fuel OilMarine Diesel OilMarine Gas OilLNGOtherMarket Analysis, Insights and Forecast – By RegionNorth AmericaLatin AmericaEuropeAsia PacificMiddle East & AfricaTOC Continued..!!!
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