Press Release

Asia Pacific Marine Engines Market is expected to grow at a robust CAGR

Asia Pacific Marine Engines Market is expected to grow owing to investment in offshore infrastructure and the establishment of favorable regulatory frameworks throughout the forecast period.


According to TechSci Research report, “Asia Pacific Marine Engines Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the Asia Pacific Marine Engines Market is expected to register robust growth during the forecast period. The utilization of natural gas and liquefied natural gas (LNG) as environmentally friendly fuels for power generation and transportation is witnessing a surge in the Asia Pacific region. This emerging trend has spurred the development of LNG-powered vessels and offshore platforms, thereby generating a demand for marine engines capable of operating on natural gas. Manufacturers now have the opportunity to supply engines specifically designed for these alternative fuels, thereby contributing to the further expansion of the market.

The Asia Pacific region has emerged as a prominent global hub for maritime trade and shipping owing to its strategic geographical location, extensive coastlines, and robust economic growth. With the continuous expansion of global trade, there are substantial opportunities for marine engine manufacturers to meet the growing demand for vessels equipped with efficient and environmentally friendly engines. These include cargo ships, container vessels, bulk carriers, and more. Furthermore, the expansion of shipping routes and maritime infrastructure presents additional avenues for market growth.


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Based on stroke, the Four Stroke segment is expected to dominate the market during the forecast period. To comply with emission regulations, the Asia Pacific marine engines market, including the two-stroke segment, has been shifting towards the utilization of lower-sulfur fuels such as marine gasoil (MGO) and liquefied natural gas (LNG). This transition presents opportunities for manufacturers to deliver engines optimized for these fuels and to develop exhaust gas cleaning systems (scrubbers) for vessels that continue to employ high-sulfur fuels. With the expansion of LNG bunkering infrastructure in the region, there is potential for growth in LNG-powered two-stroke engines. To ensure competitiveness and address environmental concerns, two-stroke engine manufacturers in the Asia Pacific region are making investments in research and development. These efforts encompass the design of engines with improved fuel efficiency, lower emissions, and reduced maintenance requirements. The progress of materials, combustion technology, and electronic engine control systems is driving the development of more advanced and environmentally friendly two-stroke engines. The Asia Pacific region is home to numerous shipbuilding companies that exert significant influence on the selection of engines for new vessels. Two-stroke engine manufacturers often collaborate with shipbuilders to integrate their engines into ship designs and offer comprehensive propulsion solutions. Establishing strong partnerships with shipbuilders can be a strategic move for engine manufacturers operating in this segment.

Based on capacity, the Above 20,000 HP segment is projected to dominate the market throughout the forecast period. Vessels with engine power exceeding 20,000 HP are predominantly utilized in commercial shipping, specifically for ultra-large container ships, very large crude carriers (VLCCs), and bulk carriers. The Asia Pacific region serves as a vital hub for maritime trade, and the demand for large, high-powered engines in this sector is directly correlated to the flourishing commercial shipping industry in the region. As trade volumes continue to surge, so does the requirement for vessels equipped with robust engines in this category. In this segment, fuel efficiency and economy hold utmost significance. Ship owners and operators strive to minimize fuel consumption to curtail operating costs and adhere to environmental regulations. Manufacturers catering to this sector must prioritize the development of engines incorporating cutting-edge fuel-saving technologies, such as efficient combustion systems, waste heat recovery, and optimized hull designs. Furthermore, the shift towards lower-sulfur fuels and the utilization of liquefied natural gas (LNG) as a marine fuel are influencing engine design in this high-power segment. Strict environmental regulations, including the International Maritime Organization's (IMO) Tier III standards for NOx emissions and the IMO's Energy Efficiency Existing Ship Index (EEXI) for existing vessels, are applicable to large vessels featuring engines with over 20,000 HP. Manufacturers must engage in innovation to reduce emissions and devise exhaust gas cleaning systems (scrubbers) or explore alternative propulsion systems like LNG to assist ship owners in complying with these regulations.


Key market players in the Asia Pacific Marine Engines Market are:-

  • Yanmar Co., Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Mitsubishi Heavy Industries, Ltd.
  • Doosan Infracore Co., Ltd.
  • Suzuki Motor Corporation
  • Caterpillar Marine
  • MTU Friedrichshafen GmbH
  • Cummins Inc.
  • Nissan Marine Co., Ltd.
  • Perkins Engines Co. Ltd.


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“The Asia Pacific Marine Engines Market in China is poised to be the dominant force in the industry. China is making significant investments in research and development, with a particular focus on emerging technologies and digitalization in the maritime sector. This encompasses the advancement of smart engine management systems, predictive maintenance solutions, and energy-efficient propulsion technologies. Manufacturers that align with China's commitment to technological progress can leverage collaborative opportunities and tap into the potential of the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia Pacific Marine Engines Market By Stroke (Four Stroke, Two Stroke and Others), By Capacity (Up to 1,000 HP, 1,001–5,000 HP, 5,001–10,000 HP, 10,001–20,000 HP and Above 20,000 HP), By Fuel Type (Heavy Fuel Oil, Intermediate Fuel Oil and Others), By Ship Type (Bulk Carriers, General Cargo Ships, Container Ships, Ferries & Passenger Ships, Oil Tankers and Others), By Country, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Asia Pacific Marine Engines Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia Pacific Marine Engines Market.



Mr. Ken Mathews

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