The Marine Engine Market deals with the development of specialized engines which are critical components for the operation of ships, boats relying on motors for locomotion, and other marine vehicles. Marine engine variants are utilized in multiple sectors for commercial, personal or defence purposes.

The type of marine diesel engines used does not remain constant as the size of a vehicle as well as nature of the application largely dictate them. The applications for a boat engine vary between, surveillance, offshore support, transportation of people or goods, etc. Marine motors also contribute significantly to local economies by playing a supporting role by supporting tourism, sports and inland transportation operations. The main advantage enjoyed by the Marine Engine Market is the fact that the utilization of performance marine engines is far more affordable when compared to other means of transportation like rail or road.

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Scope & Regional Forecast of the Marine Engine Market
New marine engines produced by the Marine Engine Market are trying to exploit that advantage to an even greater extent by making trying to reduce engine production costs and developing marine engines which are ideal for bulk transportation. Additionally, an expanded product portfolio along the lines of personalized sizes, propulsion types and technologies is attracting a wide range of industrial sectors. The key end-user industries in the Marine Engine Market are expected to remain constant with ship and other marine vehicle manufacture leading the way.

Currently, Asia-Pacific holds the highest share in the market for marine diesel engines and it is also expected to the register the highest growth during the forecast period due to a burgeoning export/import operation, wildly successful tourism industry, etc. The Marine Engine Market expects it to be trailed by North America.

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Segmentations & Key Players Involved in the Marine Engine Market
According to IndustryARC findings, the Marine Engine Market can be broken down into various segmentations on the basis of –

Fuel Type: Gas, Marine Diesel Oil, Heavy Fuel Oil, Intermediate Fuel Oil, Gasoline and Others.
Propulsion: 2- Stroke, 4- Stroke, Diesel Electric Engine and Others.
Types of Vessels: Commercial, Offshore Support and Inland Water Ways.
Engine Power In Terms of HP: Up To 20000 HP, 20000- 40000 HP, 40000- 60000 HP, 60000- 80000 HP and Above 80000 HP.
Application: General Cargo, LNG/LPG Carrier, Reefer, Tanker, Product Carrier, Multi-Purpose Vessel, Pure Car Carrier, Special Carriers and Others.
Use: Crew Vessel, Platform Supply Vessel, Multi-Purpose Supply Vessel, Standby & Rescue Vessel, Anchor Handling Tug And Supply Vessel and Others.
Geography: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Marine Engine Market according to IndustryARC are as follows:
IHI Corporation Ltd.
Jason Engineering As
Scania
SIA Rigas Dizelis DG
STX Engine

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