ASEAN Marine Engines Market Regional Trend & Growth Projections By 2020-2026 - PowerPoint PPT Presentation

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ASEAN Marine Engines Market Regional Trend & Growth Projections By 2020-2026

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ASEAN Marine Engines Market share will witness a considerable growth owing to robust development across shipbuilding industry and developing sea trade. Furthermore, increasing demand for commercial & recreational vessels on account of high concentration of prime ship-operators functioning primarily across the emerging nations will propel the business landscape. – PowerPoint PPT presentation

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Title: ASEAN Marine Engines Market Regional Trend & Growth Projections By 2020-2026


1

ASEAN Marine Engines Market Outlook 2020 -
Industry Statistics Analysis by 2026 Graphical
Research
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reserved.


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ASEAN Marine Engines Market share will witness a
considerable growth owing to robust development
across shipbuilding industry and developing sea
trade. Furthermore, increasing demand for
commercial recreational vessels on account of
high concentration of prime ship-operators
functioning primarily across the emerging nations
will propel the business landscape.  Ability to
provide enhanced power output along with low
emission count will drive the hybrid marine
engines market share. Moreover, compliance with
the globally imposed directives following the
increasing stringency of environment protection
laws formulated by the governing authorities will
propel the business scenario.  Furthermore,
capability to offer substantial amount of power
in order to meet the varying loads in vessels
including tugs, ferries and naval ships along
with significant reduction in noise levels is
anticipated to enhance the product
deployment. Wider applicability across
submarines, yachts and tugboats coupled with its
ability to provide smooth and efficient
functioning is set to promote the deployment of gt
20,000 HP engines. Shifting end user inclination
toward travel and recreational activities on
account of improved living standards driven by
rising per capita income will ensure escalated
product adoption. In addition, surging naval
activities and growing commercial marine trade
exercises owing to favourable government
initiatives is set to enhance the industry
statistics. Robust development of maritime
infrastructure on account of increasing project
funding along with rising adoption of oil gas
exploration projects is set to encourage the
deployment of marine engines across offshore
applications. Several nations have eased
restrictions on trade movements which were
initially implemented after COVID-19 outbreak,
thereby resulting in intensified commercial
sea-borne activities, which in turn will enhance
the ASEAN marine engines market potential.
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2-stroke marine engines market share is set to
increase owing to their enhanced operational
capability driven by technological advancements.
Furthermore, increasing RD activities centered
at product upgradations along with the units
ability to operate on economic fuel and sustain
heavy load will simulate the product
adoption. Vietnam marine engines market is
anticipated to boost on account of rapid
industrialization and commercialization of
seaports driven by fourth industrial revolution.
The surging demand for distribution of goods
following the robust development of sea routes in
and around the nation is set to augment the ASEAN
marine engines market share.   Key manufacturers
functioning across the ASEAN marine engines
market are forming strategic alliances with an
aim to benefit from the economies of scale with a
purpose of capturing a substantial market share.
Eminent industry players across the industry
include Yanmar, Wärtsilä, Scania, Caterpillar,
Volvo Penta and Cummins amongst others.
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About Graphical Research Graphical Research is
a business research firm that provides industry
insights, market forecast and strategic inputs
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