Marine power systems include both marine propulsion engines and marine auxiliary engines.The first kind of mechanical marine propulsion engines were steam engines, which came into inception during the 19th century. From the 20th century onward, steam engines have been increasingly replaced by two-stroke and four-stroke diesel engines and gas turbine engines. The use of liquefied natural gas (LNG) as a fuel in marine propulsion engines is gaining popularity because of the low-emission advantages that they offer over diesel.The global marine propulsion engine market is dependent on the performance of the global shipbuilding industry, as marine propulsion engines are essential for waterborne transport such as boats, cruises, merchant and passenger ships, tankers, floating,production, storage, and offloading (FPSO) vessels, and bulk carriers to move on water. Therefore, a greater demand to build new ships would lead to a higher demand for marine propulsion engines. Many countries lack the essential natural resources to produce various consumer goods due to which these nations depend heavily on a reliable shipping industry to carry out a trade on a global scale. There has been an increasing demand to increase the capacity of the diesel marine engines installed in large cargo ships.

PART 01: Executive summary 5

PART 02: Scope of the report 16

PART 03: Research Methodology 21

PART 04: Introduction 24

Key market highlights 24

PART 05: Market landscape 27

Market size and forecast 27

Five forces analysis 31

PART 06: Market segmentation by end-user 32

Market overview 32

Commercial ship 33

Leisure ship 34

PART 07: Geographical segmentation 37

Market overview 37

APAC 38

EMEA 42

Americas 44

PART 08: Decision framework 46

PART 09: Drivers and challenges 48

Market drivers 49

Impact of drivers on key customer segments 52

Market challenges 53

Impact of challenges on key customer segments 58

PART 10: Market trends 59

Growing marine hybrid propulsion market 59

Emergence of dual-fuel engines 60

Gradual adoption of LNG over conventional marine

fuel 60

Turbocharger in marine auxiliary engines 61

PART 11: Vendor landscape 63

Competitive landscape 63

Other prominent vendors 66

PART 12: Key vendor analysis 68

Caterpillar 68

Cummins 70

Hyundai Heavy Industries 71

MAN Diesel & Turbo 72

Mitsubishi Heavy Industries 74

Rolls-Royce 75

Wärtsilä 76

PART 13: Appendix 79

List of abbreviations 79

PART 14: Explore Technavio 80