Report Description

North America 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

  • Publish Date:September, 2018
  • Format : PDF
  • Pages : 56
  • Industry : Power

North America marine engines market stood at over $ 1.7 billion in 2017 and is forecast to surpass $ 2.5 billion by 2023. Growth in the market is led by growing usage of marine engines in both commercial and industrial sectors and increase in international maritime and trade activities due to cost effective mode of transportation. Moreover, growing trend of market consolidation and technological advancements in marine engines is further likely to steer growth in marine engine market across North America over the next five years. Additionally, rising use of marine engines in boats would further push their demand across the region during the forecast period.

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 North America marine engines market and their segmental analysis by Type, by Application, by Engine Power Rating and by Country.
  • To estimate, calculate and forecast market size for North America marine engines market.
  • To segment and forecast North America marine engines market by Application such as Commercial, Defense and Others.
  • To categorize and forecast North America marine engines market by countries -United States, Canada, Mexico and Rest of North America.
  • To identify major drivers & challenges for North America marine engines market.
  • To identify major trends in North America marine engines market.
  • To profile major companies in North America marine engines market.

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Few of the major players operating in North America 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 the North America 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 the source. A brief study of the major players operating in North America marine engines market was directed, which includes 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 North America.

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, 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 North America 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 North America 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    United States

o    Canada

o    Mexico

o    Rest of North America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America 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).

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