DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Global Marine Propulsion Engine Market - by Propulsion Type, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Marine Propulsion Engine Market was worth 9.8 Billion USD in 2017, and it is estimated to grow to 12.4 Billion USD by 2023 with a CAGR of 4% between 2017 and 2023.

Marine propulsion is the system that is used to generate thrust that allows a small boat or even a ship to move across waterways. Modern ships are usually equipped with mechanical systems consisting of an electric motor turning a propeller, or even pump-jets or an impeller.

Asia-Pacific region is expected to dominate the Global Marine Propulsion Engine Market, followed by Europe.

Drivers Vs. Constraints

Increase in production & sales of ships, rising international seaborne trade drive the market growth, increasing demand for resources such as crude oil, coal, steel, and iron drives the growth of Global Marine Propulsion Engine Market. The stringent environmental rules & regulations and large capital investment required to set up new manufacturing facilities are the reasons which restrains this market growth.

Industry Structure and Updates

In March 2018, Hexion announced potentially path breaking one-shot resin infusion process for marine composites like Propulsion Systems.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Marine Propulsion Engine Market Segmentation, Forecasts and Trends - by Propulsion Type

6. Global Marine Propulsion Engine Market Segmentation, Forecasts and Trends - by Application

7. Global Marine Propulsion Engine Market Segmentation, Forecasts and Trends - by Region

8. Company Market Share Analysis

9. Company Profiles

10. Industry Structure

11. Global Marine Propulsion Engine Market - Road Ahead

Companies Mentioned

Caterpillar Cummins MAN Diesel & Turbo Rolls-Royce Wärtsilä Hyundai Heavy Industries Mitsubishi Heavy Industries BP Hydraulic Marine Systems Hydrosta Ingeteam Masson-Marine Mercury Marine Siemens Volvo Penta Yamaha Dresser-Rand Fairbanks Morse Samsung Heavy Industries Nigata Power Systems Doosan

For more information about this report visit https://www.researchandmarkets.com/research/9rpj54/global_marine?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005344/en/

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Related Topics:Shipbuilding and Ship Parts

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/07/2018 11:38 AM/DISC: 09/07/2018 11:38 AM

http://www.businesswire.com/news/home/20180907005344/en