Global Marine Propulsion Markets to 2024: Increase in Seaborne Trade has Resulted in the Spillage of Marine Fuel in the Marine Ecosystem – ResearchAndMarkets.com
The “Marine Propulsion Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global marine propulsion market to grow with a CAGR of 3.8% over the forecast period of 2018-2024.
Increasing government investments in the ship building industry and inland waterways and increasing need for fuel-efficient ships drives the growth of the marine propulsion market. In addition increasing in cross-border trading activities through marine sub-waters and growth in ecommerce sector are anticipated to boost the growth of the marine propulsion market.
However, increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem. This in turn is hampering the growth of the marine propulsion market.
Furthermore, increasing cost in air cargo transport system is shifting its demand towards marine transportation that is providing several growth opportunities for the key layers in the marine propulsion market over the upcoming years.
On the other hand development of electric motor, that reduce fossil fuel consumption will definitely have positive impact for the market growth. Hence, the depletion of shale gas and conventional reserves will increase the demand for LNG especially for the marine fuel.
Companies Profiled
Caterpillar
Cummins Inc.
Rolls-Royce plc
Wartsila
MAN Diesel & Turbo
Hyundai Heavy Industries Co. Ltd.
Mitsubishi Heavy Industries Ltd.
Scania
Yanmar Co. Ltd.
Daihatsu Diesel Mfg. Co. Ltd.
Key Topics Covered
1. Preface
2. Executive Summary
3. Global Marine Propulsion Market Overview
4. Marine Propulsion Market Macro Indicator Analysis
5. Global Marine Propulsion Market by Power Source
6. Global Marine Propulsion Market by Ship Type
7. Global Marine Propulsion Market by Combustion Type
8. Global Marine Propulsion Market by Output Power Rating
9. Global Marine Propulsion Market by Region 2018-2024
10. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/czmv6r/global_marine?w=4
Press Release: businesswire.com
