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Global Marine Diesel Engines Market Research Report, 2016 - 2024

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Title: Global Marine Diesel Engines Market Research Report, 2016 - 2024


1
Marine Diesel Engines Industry Statistics,
Analysis Forecast To 2024
2
Key Insights from Marine Diesel Engines Market
  • Diesel engines are so far, the best fit to
    fulfill the demand for highly reliable,
    economical, and durable engines that power
    several kinds of vessels, generators, propulsion
    systems, and other auxiliary equipment.
  • Fuel cost is a vital factor which can directly
    impact the trade profitability. However, the
    current price fluctuations are favorable for ship
    operators and are thus boosting marine diesel
    engines industry trends. According to Global
    Market Insights, marine diesel engines market is
    set to register a CAGR of 5 over the period of
    2016-2024.
  • As per 2015s report presented by the UNCTAD,
    there has been a substantial increase in the
    seaborne trade (4) between 2012 to 2014, owing
    to the significant rise in dry bulk trade and the
    positive outlook toward Chinas economic
    development. China being one of the most
    progressive nations across the globe, has
    ambitious plans to strengthen its navy by
    introducing nuclear missiles carriers,
    submarines, and aircraft carriers.

3
Continued...
  • Also, the U.S. Navy increased its naval ships
    from 288 in 2014 to 308 by 2015. Such examples of
    increasing government spending toward deployment
    of navy ships for strengthening the security have
    displayed a positive impact on marine diesel
    engines market size.
  • The global low speed marine diesel engines market
    is set to grow at a rate of 4 over the period of
    2016-2024. Growing demand for merchant vessels
    and cargo ships will further provide a positive
    thrust to overall marine diesel engines industry
    over the coming years.
  • Merchant vessels basically include bulk carriers,
    roll on/roll off, container vessels, tankers, and
    gas carriers. Rise in seaborne trade with growing
    preference toward LNG have provided a significant
    impetus to marine diesel engines market from
    merchant vessels.

4

Latest Research Report On Marine Diesel Engines
Market _at_ https//www.fractovia.org/news/industry-r
esearch-report/marine-diesel-engine-market
Request for a sample of this research report
_at_ https//www.fractovia.org/request-sample/519

5
Europe Marine Diesel Engines Market Size, By
Application, 2016 2024 (Mn)

6
Major Companies in Marine Diesel Engines Market
  • Rolls Royce
  • Cummins Engines
  • Caterpillar Inc.
  • Wartsila Corporation
  • GM Powertrain

7
Regional Insights in Marine Diesel Engines
Market
  • Accounting for more than 25 of Asia Pacific
    marine diesel engines industry share in 2016,
    China is showing promising growth prospects with
    its expanding shipbuilding and transport network.
    Growing import activities in this nation have
    augmented the import of marine diesel engines,
    which was worth more than USD 1.05 billion in
    2015. This escalating growth has prompted
    rigorous business activities to uplift the
    regional marine diesel engines market. For
    instance, in 2015, MAN Diesel Turbo penned a
    10-year contract with CSSC and CISC to start a
    production of low speed diesel engines in China.
  • Europe marine diesel engines market led by
    Germany, has witnessed an increase in government
    spending on military ships and specialized ships.
    Germany accounted for 20 of the total industry
    share of Europe in 2016 and further aims to
    amplify its revenue share.

8
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