According to the new market research report “Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021”, published by MarketsandMarkets™, the global marine engines market was valued at USD 10.72 Billion in 2015 and estimated to grow at a CAGR of 3.85% from 2016 to 2021. Rise in commercial vessels and ship-building and increased demand for pleasure vessels are the major factors driving the growth in the marine engines market.

Browse and in-depth TOC on " Marine Engines Market "
75 - Tables
49 - Figures
165 - Pages

Don’t miss out on business opportunities in Marine Engines Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261640121

Marine engines are used in various vessel types such as commercial vessels, offshore support vessels and other vessel types. The report indicated that high demand for commercial vessels will drive the growth in the marine engines market. The report further sub-segments commercial vessels into bulkers, container ships, cargo vessels, LNG carriers, LPG carriers, pure car carriers, chemical carriers among other commercial vessel types. The high demand for commercial vessels will be bolstered by rise in maritime trade and increased world-wide demand for natural gas.

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/marine-engine-market-261640121.html

Scope of the Marine Engines Market Report

By Vessel Type
• Commercial vessels
• Offshore support vessels
By Fuel
• Heavy Fuel Oil
• Intermediate Fuel Oil
• Marine Diesel Oil
• Marine Gas Oil
By Power
• Up to 1,000 HP
• 1,001 HP to 5,000 HP
• 5,001 HP to 10,000 HP
• 10,001 to 20,000 HP
• Above 20,000 HP
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=261640121

Slowdown in the oil & gas industry will be a factor that will affect the marine engines market. Low oil prices and decreased offshore exploration and extraction activities can lead to a slowdown in new ship-building orders and in turn restrain the marine engines market. Enforcement of stringent emission norms, especially for HFO-powered marine engines is also a factor that can greatly affect the marine engines market.

The marine engines market is dominated by global players which include, MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan) and Rolls-Royce Power Systems AG (Germany). Key strategies adopted by various companies include contracts & agreements, new product launch, expansions, mergers & acquisitions, and joint ventures. Contracts & agreements was the most commonly used strategy from 2014 to 2016, comprising of 57% of all developments, followed by new product launch which consisted of 24% of all developments during the same period.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]