Asia-Pacific Marine Engines Market Size, Share Competition Forecast & Opportunities, 2023

Report Description

Asia-Pacific marine engines market stood at over $ 3.3 billion in 2017 and is forecast to surpass $ 4.8 billion by 2023. Growth in the market can be attributed to growing demand for marine engines across both commercial and industrial sectors. Additionally, technological advancements in marine engines are further likely to positively influence Asia-Pacific marine engines market in the coming years. China & Japan are the major demand generating countries for marine engines in Asia-Pacific region due to high imports through ships and growing LNG consumption in these countries.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

The primary objective of the study was to understand and gain insights about Asia-Pacific marine engines market and segmental analysis by Type, by Application, by Engine Power Rating and by Country.
To estimate, calculate and forecast market size for Asia-Pacific marine engines market.
To segment and forecast Asia-Pacific marine engines market by Application such as Commercial, Defense and Others.
To categorize and forecast Asia-Pacific marine engines market by countries - China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific.
To identify major drivers & challenges for Asia-Pacific marine engines market.
To identify major trends in Asia-Pacific marine engines market.
To profile major companies in Asia-Pacific marine engines market.

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Few of the major players operating in Asia-Pacific marine engines market include Wärtsilä Corporation, MAN SE, Hyundai Heavy Industries, Rolls Royce Holdings Plc, Caterpillar Inc., General Electric, Cummins Inc., Mitsubishi Heavy Industries Marine Machinery & Equipment Co. Ltd., Volvo Penta, and Brunswick Corporation (Mercury Marine Inc).

To analyze and forecast Asia-Pacific marine engines market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations to extract and verify the information being collected at source. A brief study of the major players operating in Asia-Pacific marine engines market was conducted, which included analysis of information such as ongoing projects followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects across the region. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor, which could increase or decrease the demand for marine engines in Asia-Pacific.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have been commissioned were identified. Various secondary sources such as white papers and secondary literature on BP Statistics, IEA, UN Comtrade, International Monetary Fund, World Bank, company websites, annual reports, etc. were also studied by TechSci Research.

Key Target Audience:

Engine Manufacturers & OEMs
EPC contractors
Organizations, forums and alliances related to marine engines market
Government bodies such as regulating authorities and policy makers
Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as companies operating in Asia-Pacific marine engines market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the Asia-Pacific marine engines market has been segmented into the following categories in addition to the industry trends which have also been detailed below.

· Market, By Type:

o Main Propulsion Engine

o Auxiliary Engine

· Market, By Application:

o Commercial

o Defense

o Others

· Market, By Engine Power Rating:

o Up to 750 kW

o 751-4000 kW

o 4001-8000 kW

o Above 8000 kW

· Market, By Country:

o China

o Japan

o India

o South Korea

o Singapore

o Rest of Asia-Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia-Pacific marine engines market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case of you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Marine Engines Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

5. Asia-Pacific Marine Engines Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Application (Commercial, Defense and Others)

5.2.2. By Type (Main Propulsion and Auxiliary Engine)

5.2.3. By Engine Power Rating (up to 750 kW, 751-4000 kW, 4001-8000 kW, and Above 8000 kW)

5.2.4. By Country

5.3. Asia-Pacific Marine Engines Market Attractiveness Index

5.3.1. By Application

5.3.2. By Type

5.3.3. By Engine Power Rating

5.3.4. By Country

5.3.4.1. China Marine Engines Market Outlook

5.3.4.1.1. Market Size & Forecast

5.3.4.1.1.1. By Value

5.3.4.1.2. Market Share & Forecast

5.3.4.1.2.1. By Application

5.3.4.1.2.2. By Type

5.3.4.1.2.3. By Engine Power Rating

5.3.4.2. Japan Marine Engines Market Outlook

5.3.4.2.1. Market Size & Forecast

5.3.4.2.1.1. By Value

5.3.4.2.2. Market Share & Forecast

5.3.4.2.2.1. By Application

5.3.4.2.2.2. By Type

5.3.4.2.2.3. By Engine Power Rating

5.3.4.3. South Korea Engines Market Outlook

5.3.4.3.1. Market Size & Forecast

5.3.4.3.1.1. By Value

5.3.4.3.2. Market Share & Forecast

5.3.4.3.2.1. By Application

5.3.4.3.2.2. By Type

5.3.4.3.2.3. By Engine Power Rating

5.3.4.4. India Marine Engines Market Outlook

5.3.4.4.1. Market Size & Forecast

5.3.4.4.1.1. By Value

5.3.4.4.2. Market Share & Forecast

5.3.4.4.2.1. By Application

5.3.4.4.2.2. By Type

5.3.4.4.2.3. By Engine Power Rating

5.3.4.5. Singapore Marine Engines Market Outlook

5.3.4.5.1. Market Size & Forecast

5.3.4.5.1.1. By Value

5.3.4.5.2. Market Share & Forecast

5.3.4.5.2.1. By Application

5.3.4.5.2.2. By Type

5.3.4.5.2.3. By Engine Power Rating

6. Market Dynamics

6.1. Drivers

6.2. Challenges

7. Market Trends & Developments

8. Competitive Landscape

8.1. Company Profiles

8.1.1. Wartsila Corporation

8.1.2. MAN SE

8.1.3. Hyundai Heavy Industries

8.1.4. Rolls Royce Holdings Plc.

8.1.5. Caterpillar Inc.

8.1.6. General Electric

8.1.7. Cummins Inc.

8.1.8. Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd.

8.1.9. Volvo Penta

8.1.10. Brunswick Corporation (Mercury Marine Inc.)

9. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Global Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 2: Global Marine Engines Market Size, By Volume, 2013-2023F (Million kW)

Figure 3: Asia-Pacific Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 4: Asia-Pacific Marine Engines Market Size, By Volume, 2013-2023F (Million kW)

Figure 5: Asia-Pacific Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 6: Asia-Pacific Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 7: Asia-Pacific Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

Figure 8: Asia-Pacific Marine Engines Market Share, By Country, By Value, 2017 & 2023F

Figure 9: Major Port Investments in Asia-Pacific, By Country, As of 2017

Figure 10: Asia-Pacific Engines Market Attractiveness Index, By Application, By Value, 2018E-2023F

Figure 11: Asia-Pacific Marine Engines Market Attractiveness Index, By Type, By Value, 2018E-2023F

Figure 12: Asia-Pacific Marine Engines Market Attractiveness Index, By Engine Power Rating, By Value, 2018E-2023F

Figure 13: Asia-Pacific Marine Engines Market Attractiveness Index, By Country, By Value, 2018E-2023F

Figure 14: China Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 15: China Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 16: China GDP, 2010-2017 (Current USD in Trillion)

Figure 17: China IIP Growth Rate, 2012-2017E

Figure 18: China Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 19: China Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

Figure 20: Japan Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 21: Japan Industrial Production Growth Rate, 2012-2017

Figure 22: Japan GDP Per Capita, 2012-2018E (USD)

Figure 23: Japan Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 24: Japan Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 25: Japan Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

Figure 26: South Korea Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 27: South Korea Industrial Production Growth Rate, 2012-2017E

Figure 28: South Korea GDP Growth Rate, 2012-2018F

Figure 29: South Korea Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 30: South Korea Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 31: South Korea Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

Figure 32: India Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 33: India Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 34: India Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 35: India Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

Figure 36: Singapore Marine Engines Market Size, By Value, 2013-2023F (USD Billion)

Figure 37: Singapore Marine Engines Market Share, By Application, By Value, 2017 & 2023F

Figure 38: Singapore Marine Engines Market Share, By Type, By Value, 2017 & 2023F

Figure 39: Singapore Marine Engines Market Share, By Engine Power Rating, By Value, 2017 & 2023F

List of Tables

Table 1: China Seagoing LNG-fuelled Ships, As of 2018

Table 2: India Annual Percentage Change in Macroeconomic Indicators (2015-2018E)

Table 3: Vessels Arrived in Singapore, By Type, 2013-2017 (Number)

Asia-Pacific Marine Engines Market By Type (Main Propulsion, & Auxiliary Engine), By Application (Commercial, Defense, etc), By Engine Power Rating (<750KW, 751-4000KW, 4001-8000KW, & >8000 KW), By Country, Competition Forecast & Opportunities, 2023

Report Description

Table of content

Figures and Tables

Frequently asked questions