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Global Marine Propulsion Market Research Report 2024
Synopsis
Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water. The setup of a propulsion system depends on the vessel size, transport system, and type of operation. Diesel marine propulsion system is a common type of marine propulsion system.
The global Marine Propulsion market was valued at US$ 543.3 million in 2023 and is anticipated to reach US$ 919 million by 2030, witnessing a CAGR of 7.8% during the forecast period 2024-2030.
The segment constitutes more than 46% share of the global marine propulsion market. Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels, and recreational vessels. In full electric marine propulsion systems, the engine is directly connected to the generator. Full electric marine propulsion enhances the overall efficiency of the vessel and also reduces the carbon footprint. Full electric marine propulsion system consists of a series of motors and generators. Electric power is transmitted from the engine to the propeller shaft through the motor controller and electric motor.
This report aims to provide a comprehensive presentation of the global market for Marine Propulsion, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Propulsion.
Report Scope
The Marine Propulsion market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Propulsion market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Propulsion manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cummins
Caterpillar
AB Volvo Penta
BAE Systems
Wärtsilä
Rolls Royce
Niigata Power Systems
Fairbanks Morse Engine
Masson-Marine
GE
STEYR MOTORS
MAN Diesel & Turbo
Torqeedo
Segment by Type
Full Electric
Diesel
Renewable
Nuclear
Gas turbine
Fuel Cell
Hybrid
Others
Segment by Application
Inland Waterways
Coastal/Cross-border Waterways
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Marine Propulsion manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Marine Propulsion by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Marine Propulsion in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Marine propulsion is a mechanism or system used to generate thrust to move a ship or boat across water. The setup of a propulsion system depends on the vessel size, transport system, and type of operation. Diesel marine propulsion system is a common type of marine propulsion system.
The global Marine Propulsion market was valued at US$ 543.3 million in 2023 and is anticipated to reach US$ 919 million by 2030, witnessing a CAGR of 7.8% during the forecast period 2024-2030.
The segment constitutes more than 46% share of the global marine propulsion market. Diesel marine propulsion systems are used in almost all types of vessels such as mall boats, ferries, defense vessels, and recreational vessels. In full electric marine propulsion systems, the engine is directly connected to the generator. Full electric marine propulsion enhances the overall efficiency of the vessel and also reduces the carbon footprint. Full electric marine propulsion system consists of a series of motors and generators. Electric power is transmitted from the engine to the propeller shaft through the motor controller and electric motor.
This report aims to provide a comprehensive presentation of the global market for Marine Propulsion, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Propulsion.
Report Scope
The Marine Propulsion market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Marine Propulsion market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Marine Propulsion manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Cummins
Caterpillar
AB Volvo Penta
BAE Systems
Wärtsilä
Rolls Royce
Niigata Power Systems
Fairbanks Morse Engine
Masson-Marine
GE
STEYR MOTORS
MAN Diesel & Turbo
Torqeedo
Segment by Type
Full Electric
Diesel
Renewable
Nuclear
Gas turbine
Fuel Cell
Hybrid
Others
Segment by Application
Inland Waterways
Coastal/Cross-border Waterways
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Marine Propulsion manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Marine Propulsion by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Marine Propulsion in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Marine Propulsion Market Overview
1.1 Product Definition
1.2 Marine Propulsion Segment by Type
1.2.1 Global Marine Propulsion Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Full Electric
1.2.3 Diesel
1.2.4 Renewable
1.2.5 Nuclear
1.2.6 Gas turbine
1.2.7 Fuel Cell
1.2.8 Hybrid
1.2.9 Others
1.3 Marine Propulsion Segment by Application
1.3.1 Global Marine Propulsion Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Inland Waterways
1.3.3 Coastal/Cross-border Waterways
1.4 Global Market Growth Prospects
1.4.1 Global Marine Propulsion Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Marine Propulsion Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Marine Propulsion Production Estimates and Forecasts (2019-2030)
1.4.4 Global Marine Propulsion Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Marine Propulsion Production Market Share by Manufacturers (2019-2024)
2.2 Global Marine Propulsion Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Marine Propulsion, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Marine Propulsion Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Marine Propulsion Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Marine Propulsion, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Marine Propulsion, Product Offered and Application
2.8 Global Key Manufacturers of Marine Propulsion, Date of Enter into This Industry
2.9 Marine Propulsion Market Competitive Situation and Trends
2.9.1 Marine Propulsion Market Concentration Rate
2.9.2 Global 5 and 10 Largest Marine Propulsion Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Marine Propulsion Production by Region
3.1 Global Marine Propulsion Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Marine Propulsion Production Value by Region (2019-2030)
3.2.1 Global Marine Propulsion Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Marine Propulsion by Region (2025-2030)
3.3 Global Marine Propulsion Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Marine Propulsion Production by Region (2019-2030)
3.4.1 Global Marine Propulsion Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Marine Propulsion by Region (2025-2030)
3.5 Global Marine Propulsion Market Price Analysis by Region (2019-2024)
3.6 Global Marine Propulsion Production and Value, Year-over-Year Growth
3.6.1 North America Marine Propulsion Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Marine Propulsion Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Marine Propulsion Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Marine Propulsion Production Value Estimates and Forecasts (2019-2030)
4 Marine Propulsion Consumption by Region
4.1 Global Marine Propulsion Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Marine Propulsion Consumption by Region (2019-2030)
4.2.1 Global Marine Propulsion Consumption by Region (2019-2024)
4.2.2 Global Marine Propulsion Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Marine Propulsion Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Marine Propulsion Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Marine Propulsion Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Marine Propulsion Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Marine Propulsion Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Marine Propulsion Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Marine Propulsion Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Marine Propulsion Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Marine Propulsion Production by Type (2019-2030)
5.1.1 Global Marine Propulsion Production by Type (2019-2024)
5.1.2 Global Marine Propulsion Production by Type (2025-2030)
5.1.3 Global Marine Propulsion Production Market Share by Type (2019-2030)
5.2 Global Marine Propulsion Production Value by Type (2019-2030)
5.2.1 Global Marine Propulsion Production Value by Type (2019-2024)
5.2.2 Global Marine Propulsion Production Value by Type (2025-2030)
5.2.3 Global Marine Propulsion Production Value Market Share by Type (2019-2030)
5.3 Global Marine Propulsion Price by Type (2019-2030)
6 Segment by Application
6.1 Global Marine Propulsion Production by Application (2019-2030)
6.1.1 Global Marine Propulsion Production by Application (2019-2024)
6.1.2 Global Marine Propulsion Production by Application (2025-2030)
6.1.3 Global Marine Propulsion Production Market Share by Application (2019-2030)
6.2 Global Marine Propulsion Production Value by Application (2019-2030)
6.2.1 Global Marine Propulsion Production Value by Application (2019-2024)
6.2.2 Global Marine Propulsion Production Value by Application (2025-2030)
6.2.3 Global Marine Propulsion Production Value Market Share by Application (2019-2030)
6.3 Global Marine Propulsion Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Cummins
7.1.1 Cummins Marine Propulsion Corporation Information
7.1.2 Cummins Marine Propulsion Product Portfolio
7.1.3 Cummins Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Cummins Main Business and Markets Served
7.1.5 Cummins Recent Developments/Updates
7.2 Caterpillar
7.2.1 Caterpillar Marine Propulsion Corporation Information
7.2.2 Caterpillar Marine Propulsion Product Portfolio
7.2.3 Caterpillar Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Caterpillar Main Business and Markets Served
7.2.5 Caterpillar Recent Developments/Updates
7.3 AB Volvo Penta
7.3.1 AB Volvo Penta Marine Propulsion Corporation Information
7.3.2 AB Volvo Penta Marine Propulsion Product Portfolio
7.3.3 AB Volvo Penta Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.3.4 AB Volvo Penta Main Business and Markets Served
7.3.5 AB Volvo Penta Recent Developments/Updates
7.4 BAE Systems
7.4.1 BAE Systems Marine Propulsion Corporation Information
7.4.2 BAE Systems Marine Propulsion Product Portfolio
7.4.3 BAE Systems Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BAE Systems Main Business and Markets Served
7.4.5 BAE Systems Recent Developments/Updates
7.5 Wärtsilä
7.5.1 Wärtsilä Marine Propulsion Corporation Information
7.5.2 Wärtsilä Marine Propulsion Product Portfolio
7.5.3 Wärtsilä Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Wärtsilä Main Business and Markets Served
7.5.5 Wärtsilä Recent Developments/Updates
7.6 Rolls Royce
7.6.1 Rolls Royce Marine Propulsion Corporation Information
7.6.2 Rolls Royce Marine Propulsion Product Portfolio
7.6.3 Rolls Royce Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Rolls Royce Main Business and Markets Served
7.6.5 Rolls Royce Recent Developments/Updates
7.7 Niigata Power Systems
7.7.1 Niigata Power Systems Marine Propulsion Corporation Information
7.7.2 Niigata Power Systems Marine Propulsion Product Portfolio
7.7.3 Niigata Power Systems Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Niigata Power Systems Main Business and Markets Served
7.7.5 Niigata Power Systems Recent Developments/Updates
7.8 Fairbanks Morse Engine
7.8.1 Fairbanks Morse Engine Marine Propulsion Corporation Information
7.8.2 Fairbanks Morse Engine Marine Propulsion Product Portfolio
7.8.3 Fairbanks Morse Engine Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Fairbanks Morse Engine Main Business and Markets Served
7.7.5 Fairbanks Morse Engine Recent Developments/Updates
7.9 Masson-Marine
7.9.1 Masson-Marine Marine Propulsion Corporation Information
7.9.2 Masson-Marine Marine Propulsion Product Portfolio
7.9.3 Masson-Marine Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Masson-Marine Main Business and Markets Served
7.9.5 Masson-Marine Recent Developments/Updates
7.10 GE
7.10.1 GE Marine Propulsion Corporation Information
7.10.2 GE Marine Propulsion Product Portfolio
7.10.3 GE Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.10.4 GE Main Business and Markets Served
7.10.5 GE Recent Developments/Updates
7.11 STEYR MOTORS
7.11.1 STEYR MOTORS Marine Propulsion Corporation Information
7.11.2 STEYR MOTORS Marine Propulsion Product Portfolio
7.11.3 STEYR MOTORS Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.11.4 STEYR MOTORS Main Business and Markets Served
7.11.5 STEYR MOTORS Recent Developments/Updates
7.12 MAN Diesel & Turbo
7.12.1 MAN Diesel & Turbo Marine Propulsion Corporation Information
7.12.2 MAN Diesel & Turbo Marine Propulsion Product Portfolio
7.12.3 MAN Diesel & Turbo Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.12.4 MAN Diesel & Turbo Main Business and Markets Served
7.12.5 MAN Diesel & Turbo Recent Developments/Updates
7.13 Torqeedo
7.13.1 Torqeedo Marine Propulsion Corporation Information
7.13.2 Torqeedo Marine Propulsion Product Portfolio
7.13.3 Torqeedo Marine Propulsion Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Torqeedo Main Business and Markets Served
7.13.5 Torqeedo Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Marine Propulsion Industry Chain Analysis
8.2 Marine Propulsion Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Marine Propulsion Production Mode & Process
8.4 Marine Propulsion Sales and Marketing
8.4.1 Marine Propulsion Sales Channels
8.4.2 Marine Propulsion Distributors
8.5 Marine Propulsion Customers
9 Marine Propulsion Market Dynamics
9.1 Marine Propulsion Industry Trends
9.2 Marine Propulsion Market Drivers
9.3 Marine Propulsion Market Challenges
9.4 Marine Propulsion Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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