Market Overview:
The global auxiliary engine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for auxiliary engines in commercial and recreational vessels. Additionally, the growing popularity of electric boats is also contributing to the growth of this market. The diesel engine segment is expected to dominate the global auxiliary engine market during the forecast period, owing to its high efficiency and low emissions. However, gas engines are gaining traction due their lower emissions and fuel consumption as compared with diesel engines.
Product Definition:
An Auxiliary Engine is a smaller engine that is used to power a larger one. The importance of an auxiliary engine is that it can provide extra power when needed and help the main engine run more efficiently.
Diesel Engine:
Diesel engine is a type of combustion engine, which has a piston moving inside an enclosed cylinder. Fuel is introduced into the cylinder and then it gets compressed by the piston and starts burning. As soon as the fuel burns, air gets compressed in to the confined space and mixture of gases emerge from the other end as exhaust. The exhaust gasses carry away any unburned fuel along with them; this process is called as dieselization or engines operation.
Gas Engine:
Gas engine is a device that converts chemical energy derived from fossil fuels into mechanical energy. It is used to power various devices such as pumps, compressors, generators and motors. The most common types of gas engines are internal combustion engines and external combustion engines.
Application Insights:
The commercial/workboat segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The demand for auxiliary engines in this application is majorly driven by factors such as preference for a mechanical sound of the engine, need to have an aesthetic look on board boats, and increasing disposable income among consumers globally. Moreover, recreational/pleasure craft are also anticipated to be amongst the fastest-growing segments owing to growing global spending on leisure activities.
Auxiliary engines are widely used in water sports including jet skiing, parasailing, waterskiing and wakeboarding among others due to their ability provide increased power output compared with that of a standard engine while consuming less fuel thereby reducing environmental impact. Furthermore, they can also be used for powering large inflatable boats known as LIFTS which enable easy boarding or loading & unloading from landings or platforms thus boosting product demand across both commercial & recreational applications simultaneously.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand from countries, such as China and India. The growing population in these countries has led to an increase in commercial activities, which will drive product demand. In addition, rising disposable income levels are likely to contribute towards market growth during the forecast period.
Europe was valued at USD X million in 2017 and is anticipated to witness significant growth over the coming years on account of stringent regulations regarding pollution caused by marine engines. Europe also happens to be a hub for several manufacturers of marine engines who are continuously working towards reducing environmental impact caused by their products while delivering high performance standards as well.
Growth Factors:
- Increasing demand for auxiliary engines in the transportation sector due to the growth of global trade and increasing urbanization.
- The increasing demand for electric vehicles is expected to drive the growth of the auxiliary engine market as these engines are used to power electric vehicles.
- The growing popularity of hybrid and electric vehicles is also expected to fuel the growth of this market in the coming years.
- Stringent emission norms by regulatory authorities are also projected to drive the demand for auxiliary engines in order to meet these norms.
- Technological advancements such as introduction of high-efficiency diesel engines and development of advanced control systems are likely to propelthegrowthof thismarketin thenearfuture
Scope Of The Report
Report Attributes
Report Details
Report Title
Auxiliary Engine Market Research Report
By Type
Diesel Engine, Gas Engine, Others
By Application
Commercial/Workboat, Recreational/Pleasure Craft, Others
By Companies
Caterpillar, Cummins, Deere & Company, Wartsila, YANMAR, Rolls Royce, Daihatsu, Doosan, Weichai, Caterpillar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Auxiliary Engine Market Report Segments:
The global Auxiliary Engine market is segmented on the basis of:
Types
Diesel Engine, Gas Engine, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial/Workboat, Recreational/Pleasure Craft, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Cummins
- Deere & Company
- Wartsila
- YANMAR
- Rolls Royce
- Daihatsu
- Doosan
- Weichai
- Caterpillar
Highlights of The Auxiliary Engine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Engine
- Gas Engine
- Others
- By Application:
- Commercial/Workboat
- Recreational/Pleasure Craft
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auxiliary Engine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An auxiliary engine is an engine that is used to power a vehicle or machinery.
Some of the major companies in the auxiliary engine market are Caterpillar, Cummins, Deere & Company, Wartsila, YANMAR, Rolls Royce, Daihatsu, Doosan, Weichai, Caterpillar.
The auxiliary engine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auxiliary Engine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auxiliary Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auxiliary Engine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auxiliary Engine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auxiliary Engine Market Size & Forecast, 2018-2028
4.5.1 Auxiliary Engine Market Size and Y-o-Y Growth
4.5.2 Auxiliary Engine Market Absolute $ Opportunity
Chapter 5 Global Auxiliary Engine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auxiliary Engine Market Size Forecast by Type
5.2.1 Diesel Engine
5.2.2 Gas Engine
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auxiliary Engine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auxiliary Engine Market Size Forecast by Applications
6.2.1 Commercial/Workboat
6.2.2 Recreational/Pleasure Craft
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auxiliary Engine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auxiliary Engine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auxiliary Engine Analysis and Forecast
9.1 Introduction
9.2 North America Auxiliary Engine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auxiliary Engine Market Size Forecast by Type
9.6.1 Diesel Engine
9.6.2 Gas Engine
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auxiliary Engine Market Size Forecast by Applications
9.10.1 Commercial/Workboat
9.10.2 Recreational/Pleasure Craft
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auxiliary Engine Analysis and Forecast
10.1 Introduction
10.2 Europe Auxiliary Engine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auxiliary Engine Market Size Forecast by Type
10.6.1 Diesel Engine
10.6.2 Gas Engine
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auxiliary Engine Market Size Forecast by Applications
10.10.1 Commercial/Workboat
10.10.2 Recreational/Pleasure Craft
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auxiliary Engine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auxiliary Engine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auxiliary Engine Market Size Forecast by Type
11.6.1 Diesel Engine
11.6.2 Gas Engine
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auxiliary Engine Market Size Forecast by Applications
11.10.1 Commercial/Workboat
11.10.2 Recreational/Pleasure Craft
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auxiliary Engine Analysis and Forecast
12.1 Introduction
12.2 Latin America Auxiliary Engine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auxiliary Engine Market Size Forecast by Type
12.6.1 Diesel Engine
12.6.2 Gas Engine
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auxiliary Engine Market Size Forecast by Applications
12.10.1 Commercial/Workboat
12.10.2 Recreational/Pleasure Craft
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auxiliary Engine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auxiliary Engine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auxiliary Engine Market Size Forecast by Type
13.6.1 Diesel Engine
13.6.2 Gas Engine
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auxiliary Engine Market Size Forecast by Applications
13.10.1 Commercial/Workboat
13.10.2 Recreational/Pleasure Craft
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auxiliary Engine Market: Competitive Dashboard
14.2 Global Auxiliary Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Caterpillar
14.3.2 Cummins
14.3.3 Deere & Company
14.3.4 Wartsila
14.3.5 YANMAR
14.3.6 Rolls Royce
14.3.7 Daihatsu
14.3.8 Doosan
14.3.9 Weichai
14.3.10 Caterpillar
