Dublin, October 7, 2022 /PRNewswire/ — Model (Petrol, Diesel, Electric), Placement (Outboard, Inboard), Application (Recreational Boats, Support Boats, Coastal Boats, Fishing Boats), Displacement (up to 2 L, 2-4 L, 4- 6 L) and Regions – Added Global Forecast to 2027 report of ResearchAndMarkets.com Recruitment.
The global small ship engine market is US$10.3 billion Estimated to 2027 US$7.8 billion In 2022, the CAGR from 2022 to 2027 is 5.5%.
The growth of the marine small engine market is proportional to the growth of the shipbuilding industry. Apart from this, increased fishing activity and increased investment in oil and gas exploration have increased the use of support vessels and barges. The market is expected to experience an increase in demand during the forecast period as propulsion requires smaller marine engines.
Diesel: fastest growing segment by model in the small marine engine market
Based on model, diesel-based small marine engines are expected to hold the largest share of the small marine engine market. Diesel engines are used in watercraft such as boats, ships and submarines. Diesel engines are much more expensive than gasoline engines because they are built to tighter tolerances and can withstand much more abuse than gasoline engines.
A properly maintained diesel engine can last 6,000 to 8,000 hours before needing a major overhaul. This means that some diesel engines can easily last the entire life of your boat. Most boaters prefer diesels for their durability. Other reasons include safety and/or economy. Diesel fuel is not as volatile as gasoline and does not explode.
Outboard Motors: Largest Segment by Placement in Small Marine Engine Market
The small marine engine market is segmented into outboard, inboard, and other. Others include stern drive and jet propulsion engines. The main difference between inboard and outboard engines is their placement in the boat. Outboards are flexible and widely used in fishing, water sports and pleasure boating.
Most boats are equipped with outboard motors due to their ease of use and low maintenance costs. Outboards are found primarily on pontoons, aluminum boats, bass boats, bowriders, small cruisers, and some high performance offshore speed and fishing boats. Boats used for recreational cruising and fishing are most likely to be equipped with an outboard as the benefits are more favorable in this setting.
Asia Pacific: The fastest growing region for the small marine engine market
Asia Pacific It is expected to be the fastest growing region due to increased fishing and recreational activities in countries such as: China, IndiaWhen JapanAs oil and gas exploration and production activity picks up pace, demand for support vessels is likely to increase, and demand for small craft propulsion systems will increase.
Demand for small marine engines in the defense field is also increasing. China, Philippines, north korea, Japan, India, Vietnam, PakistanWhen Afghanistanthereby driving the regional marine engine market. Asia Pacific The region offers huge potential for the small ship engines market as it comprises a number of developing countries representing huge trade opportunities.
1.First of all
2 Survey method
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Small Boat Engines Market Players
4.2 Regional Market
4.3 North America: By Market, Model and Country, 2021
4.4 Market by Model
4.5 Market, By Displacement
4.6 Market by Placement
4.7 Outboard Motor Market by Model
4.8 Onboard Market by Model
4.9 Other Market by Model
4.10 Market by Application
5 Market Overview
5.2 Market dynamics
184.108.40.206 Surge in Demand for Outdoor Recreation and Personal Mobility
220.127.116.11 Growth of fisheries
18.104.22.168 Emphasis on Coastal Safety and Defense
22.214.171.124 Strict environmental regulations for decarbonization
126.96.36.199 Lack of maritime infrastructure in developing countries
188.8.131.52 Increased installation of offshore energy facilities
184.108.40.206 Increasing Investment in Ship Electrification Projects
220.127.116.11 Long lead times
5.3 Trends/Disruptions Affecting Your Business
5.3.1 Revenue Shift and New Revenue Pockets of Small Marine Engine Providers
5.4 Market map
5.5 Value chain analysis
5.6 Technical analysis
5.6.1 IoT Connected Marine Small Engines
5.6.2 Dual-fuel and hybrid small marine engines
5.7 Price analysis
5.7.1 Average Sales Price of Small Marine Engines by Displacement
5.8 Key meetings and events, 2022-2023
5.9 Customs and regulatory situation
5.9.1 Tariffs on small marine engines
5.10 Trade Analysis
5.11 Innovation and patent registration
5.12 Porter’s Five Forces Analysis
5.13 Key Stakeholders and Purchasing Criteria
5.14 Purchase Criteria
5.15 Case study analysis
5.15.1 Yanmar Launches Marine Engine for Fishing Boats
18.104.22.168 Problem statement: March 2020
5.15.2 Yanmar provides marine diesel engines for reliable and smooth operation
22.214.171.124 Problem statement: September 2021
6 Small Marine Engine Markets By Model
6.2.1 Offers the advantage of high resistance
6.3.1 Need low cost to purchase and repower
6.4.1 Provide reduction of environmental risks and noise
7 Small Marine Engine Market, By Displacement
7.2 up to 2L
7.2.1 Use on sport-fishing boats
7.3.1 Used for vessels operating in inland waters
7.4.1 Offers the benefits of fuel efficiency and low maintenance costs
8 Small Marine Engine Market, By Location
8.2 Outboard motor
8.2.1 Easy to use and low maintenance
8.3.1 Design for ships requiring high horsepower and torque
9 Small Marine Engine Market, By Application
9.2 Recreational boats
126.96.36.199 Mainly driven by inboard small craft engines
9.2.2 Cruiser boats
188.8.131.52 Reduced maintenance
9.3 Support Vessels
184.108.40.206 Mainly operated with diesel-based small marine engines
9.3.2 Rescue boat
220.127.116.11 Adoption of petrol-powered outboard small craft engines
9.4 Domestic Vessels
9.4.1 Patrol boat
18.104.22.168 Used to carry out rescue operations and ensure coastal safety
9.5 Fishing vessels
9.5.1 Surge in global fish production driving the market
10 Small Marine Engine Markets by Region
11 Competitive environment
11.1 Small Boat Engine Market Overview
11.2 Market Share Analysis of Top 5 Players, 2021
11.3 Revenue Analysis of Top 5 Market Players
11.4 Corporate Valuation Quadrant
11.4.2 Pervasive Player
11.4.3 Emerging Leaders
11.5 Startup/SME Rating Quadrant, 2021
11.5.1 Progressive Company
11.5.2 Responding Company
11.5.3 Dynamic Company
11.5.4 Start block
11.6 Competitive Benchmarks
11.7 Market: Company Footprint
11.8 Competitive Scenarios and Trends
12 Company profile
12.1 Major Players
12.1.1 Yamaha Motor Co., Ltd.
12.1.2 Yanmar Co., Ltd.
12.1.3 Brunswick Company
12.1.4 Suzuki Motor Corporation
12.1.5 Honda Motor Co., Ltd.
12.1.7 Cummins Corporation
12.1.8 Volvo Penta
12.1.9 Deutz Ag
12.1.10 Greaves Cotton Limited
12.1.11 Weichai Power Co., Ltd.
12.1.12 John Deere
12.1.14 Tohatsu Co., Ltd.
12.1.15 killoskar petroleum engine
12.2 Other Players
12.2.1 Oxmarine Ab
12.2.2 Hyundai Seasole
12.2.3 Mitsubishi Heavy Industries – Vst Diesel Engine
12.2.4 Doosan Infracore
12.2.5 Fpt Industrial
For more information on this report, please visit https://www.researchandmarkets.com/r/lnav4i.
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SOURCE Research and Market