Marine Engines Market Size in 2024: What’s Driving the Growth?
The global marine engines market size is projected to reach USD 15.2 billion by 2029, showing a growth from the estimated USD 13.1 billion in 2024, with a compound annual growth rate (CAGR) of 3.0% from 2024 to 2029. Traditionally, after-sales services like maintenance and repairs have been a part of the marine engines market. However, companies are finding ways to optimize this segment to generate...
Global Marine Engines Market Analysis and Forecast: Trends, Drivers, and Opportunities for Growth
The global marine engines market is projected to reach USD 13.3 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 2.6% during the forecast period. The global marine engines market is driven by the growth in international marine freight transport, aging fleet, and adoption of smart engines for performance and safety.
Marine Engines Market Trends
Key Market Players
The...
Marine Engines Market is Expected To Reach $13.3 billion by 2027
The report “Marine Engines Market by
Engine (Propulsion Engine, Auxiliary Engine), Type (Two Stroke, Four
Stroke), Power Range (Up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp,
10,001-20,000 hp, Above 20,000 hp), Fuel, Vessel and Region – Global
Forecast to 2027” The marine engines market size will grow to
USD 13.3 billion by 2027 from USD 11.7 billion in 2022, at a CAGR of...
Marine Engines Market Is Expected to Generate Huge Profits by 2020-2025
New Revenue Pockets:
The global marine engines market size is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020 to 2025. The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational...
Marine Engines Market to See Huge Growth by 2025
The global marine engines market is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020 to 2025. The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety....
Marine Engines Market Outlook 2019 – Huge Growth, Trends, Revenue And In-Depth Analysis 2024
The global marine engines market is projected to reach USD 16.4 billion by 2024 from an estimated USD 14.0 billion in 2019, at a CAGR of 3.11%. This growth can be attributed to the growth in international marine freight transport, growth in maritime tourism, and penetration of smart engines for situational awareness and safety.
The commercial segment is expected to hold
the largest share...