Global Marine Diesel Engine Market to Register Growth in Incremental Opportunity

The marine diesel engine market is predicted to grow significantly in the coming years, driven by the continued growth of the logistics industry. Marine diesel engines are similar to the self-igniting engines used in heavy vehicles, but are generally larger, more complex, and capable of running at high efficiency.
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On the basis of technology, the market is divided into low speed, medium speed, and high speed engines. Among these, the medium speed segment is forecast to register remunerative gains by the end of the analysis period. In 2019, the segment was valued at more than $1 billion.
In terms of application, the industry is classified into merchant, offshore, cruise & ferry, navy, and others. Among these, the offshore segment is anticipated to witness momentous gains owing to the growing demand for anchor handling vessels, which are expected to grow over to $30 million by the end of the analysis period.
From a regional reference frame, the Europe marine diesel engine industry is anticipated to showcase distinguished growth. The regional growth is expected to be led by UK as the country's geographic position ensures that demand for marine shipping services remains high. In 2019, the UK accounted for more than 8% of the overall Europe market share. With growing demand from the country's offshore industry, the UK market is likely to carve out a bigger chunk of the overall industry on coming time period.
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Table of Contents
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
1.5 Abbreviations
Chapter 2 Executive Summary
2.1 Marine diesel engine 360 degree synopsis, 2015 - 2026
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Marine Diesel Engine Market, Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Vendor matrix
3.3 Technology landscape
3.3.1 Low speed
3.3.2 Medium speed
3.3.3 High speed
3.4 Innovation & sustainability
3.4.1 Wartsila
3.4.2 Caterpillar
3.4.3 Volvo Penta
3.4.4 Other innovations
3.5 COVID-19 impact on the overall industry outlook, 2020-2026
3.5.1 Optimistic View
3.5.2 Realistic View
3.5.3 Pessimistic View
3.6 Regulatory landscape
3.6.1 IMO
3.6.1.1 MARPOL
3.6.1.1.1 NOx Emissions Standards
3.6.1.1.2 Sox Emission Standards
3.6.1.1.3 Greenhouse Gas Emissions
3.6.2 US
3.6.2.1 1999 Marine Engine Rule
3.6.2.2 2002 Recreational Engine Rule
3.6.2.3 2003 Category 3 engine rules
3.6.2.4 2008 Category ½ Engine Rules
3.6.2.5 Environment Control Areas
3.6.3 China
3.6.3.1 China, I/II Standards
3.6.3.2 Domestic Emission Control Areas
3.6.4 Japan
3.6.5 Europe
3.6.5.1 Directive 2004/26/EC
3.6.5.2 Directive 1999/32/EC
3.6.6 Marine Fuel
3.7 Shipbuilding industry trends & outlook
3.8 Global operated fleet, by operators, 2019
3.9 Industry impact forces
3.9.1 Growth drivers
1.1.1.1 Expansion in seaborne trade
1.1.1.2 Cost effective usage
1.1.1.3 Increasing maritime tourism
1.1.2 Industry pitfalls & challenges
1.1.2.1 Stringent regulations against emissions
3.10 Growth potential analysis
3.11 Porter's analysis
3.11.1 Bargaining power of suppliers
3.11.2 Bargaining power of buyers
3.11.3 Threat of new entrants
3.11.4 Threat of substitutes
3.12 Competitive landscape, 2019
3.12.1 Strategy dashboard
3.12.1.1 Wartsila
3.12.1.1.1 Joint Ventures
3.12.1.1.2 Mergers & Acquisition
3.12.1.1.3 Business Optimization Program
3.12.1.2 MAN Energy Solutions
3.12.1.2.1. Expansion
3.12.1.2.2 Basecamp 3000+
3.12.1.2.3 New Product Launch
3.12.1.2.4 Acquisition
3.12.1.2.5 Joint Ventures
3.12.1.2.6 Research & Development
3.12.1.2.7 Overseas Expansion
3.12.1.3 Volvo Penta
3.12.1.3.1 New Product Launches
3.12.1.3.2 Expansion of Distribution Network
3.12.1.4 Caterpillar
3.12.1.4.1 New Product Launches
3.12.1.5 Yamaha
3.12.1.5.1 New Product Launches
3.12.1.6 Other developments
3.12.2 Mergers & acquisition landscape
3.13 PESTEL analysis