Market Overview:
The global two-stroke marine engine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation and rising awareness about environment-friendly technologies. In terms of type, the diesel segment is expected to dominate the market during the forecast period, owing to its high efficiency and low emissions as compared to other types of engines. By application, container ships are expected to account for a major share of the global two-stroke marine engine market during the forecast period, followed by bulk carriers.
Product Definition:
A two-stroke marine engine is a type of internal combustion engine that uses two strokes (or piston strokes) per cycle. This type of engine is commonly used in boats and other watercraft, as well as some land vehicles. A two-stroke marine engine can be more fuel efficient than a four-stroke marine engine, making it a popular choice for smaller vessels.
Diesel:
Diesel is a fossil fuel-based liquid, which is obtained from the distillation of crude oil. It consists of hydrocarbons that are saturated or partially saturated with hydrogen. The most common diesel fuel types include Diesel Exhaust Gas (DEG), biodiesel, and renewable diesel.
Dual Fuel:
Dual fuel is a technology used in marine engines where the engine can burn two fuels at the same time, one being an oil-based fuel and the other being diesel. The dual-fuel technology has been around for decades but only recently have they become popular with manufacturers due to strict regulations regarding reducing carbon emissions from ships.
The benefits of dual fuel include reduced emission levels and increased power output which helps in higher performance as compared to single fuel engines.
Application Insights:
Container ship was the largest application segment and accounted for a market share of more than 60% in 2017. The demand is expected to be driven by growing e-commerce businesses coupled with rising global trade. Container ships are typically large vessels that transport cargo between major ports with high frequency, thus making them ideal candidates for two-stroke engines as they provide excellent fuel economy at sea.
The bulk carrier segment is anticipated to register the highest CAGR over the forecast period owing to its ability to haul heavy loads over long distances with reduced fuel consumption when compared with other vessel types. Furthermore, increasing demand for raw materials from mining companies and agricultural producers drives growth in this industry which should benefit product penetration in bulk carriers over the next eight years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing maritime trade activities in the region. The growth can be attributed to rising two-stroke engine production in countries, such as China and India, which has resulted in increased demand for these engines across various applications. Moreover, favorable government regulations and growing awareness about marine transportation are anticipated to drive the market over the forecast period.
Europe was valued at USD X million in 2017 owing high consumption of fuel oil for operating two-stroke engines on board vessels along with stringent emission norms implemented by regulatory bodies like UBA.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient engines in the marine industry
- Growing popularity of recreational boating and sailing
- Proliferation of advanced technologies and materials that improve engine performance
- Stringent emissions regulations that favor two-stroke engines over four-stroke counterparts
- Rising demand for electric boats, which are powered by two-stroke marine engines
Scope Of The Report
Report Attributes
Report Details
Report Title
Two-stroke Marine Engine Market Research Report
By Type
Diesel, Dual Fuel
By Application
Container Ship, Bulk Carrier, Others
By Companies
Hyundai Heavy Industries, MAN Energy Solutions, Kawasaki Heavy Industries, Wärtsilä, Fincantieri, CSSC(China Shipbuilding Power Engineering Institute), YUCHAI
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Two-stroke Marine Engine Market Report Segments:
The global Two-stroke Marine Engine market is segmented on the basis of:
Types
Diesel, Dual Fuel
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
Container Ship, Bulk Carrier, 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:
- Hyundai Heavy Industries
- MAN Energy Solutions
- Kawasaki Heavy Industries
- Wärtsilä
- Fincantieri
- CSSC(China Shipbuilding Power Engineering Institute)
- YUCHAI
Highlights of The Two-stroke Marine 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
- Dual Fuel
- By Application:
- Container Ship
- Bulk Carrier
- 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 Two-stroke Marine 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
A two-stroke marine engine is a type of internal combustion engine that uses the power of two strokes to create rotational energy. This energy is then used to turn a propeller or other type of rotating machinery.
Some of the major players in the two-stroke marine engine market are Hyundai Heavy Industries, MAN Energy Solutions, Kawasaki Heavy Industries, W¤rtsil¤, Fincantieri, CSSC(China Shipbuilding Power Engineering Institute), YUCHAI.
The two-stroke marine 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 Two-stroke Marine 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 Two-stroke Marine Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two-stroke Marine 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 Two-stroke Marine 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 Two-stroke Marine Engine Market Size & Forecast, 2020-2028
4.5.1 Two-stroke Marine Engine Market Size and Y-o-Y Growth
4.5.2 Two-stroke Marine Engine Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Diesel
5.2.2 Dual Fuel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Container Ship
6.2.2 Bulk Carrier
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two-stroke Marine 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 Two-stroke Marine 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Diesel
9.6.2 Dual Fuel
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 Market Size Forecast by Applications
9.10.1 Container Ship
9.10.2 Bulk Carrier
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Diesel
10.6.2 Dual Fuel
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 Market Size Forecast by Applications
10.10.1 Container Ship
10.10.2 Bulk Carrier
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Diesel
11.6.2 Dual Fuel
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 Market Size Forecast by Applications
11.10.1 Container Ship
11.10.2 Bulk Carrier
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Diesel
12.6.2 Dual Fuel
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 Market Size Forecast by Applications
12.10.1 Container Ship
12.10.2 Bulk Carrier
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Diesel
13.6.2 Dual Fuel
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) Market Size Forecast by Applications
13.10.1 Container Ship
13.10.2 Bulk Carrier
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 Two-stroke Marine Engine Market: Competitive Dashboard
14.2 Global Two-stroke Marine Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyundai Heavy Industries
14.3.2 MAN Energy Solutions
14.3.3 Kawasaki Heavy Industries
14.3.4 Wärtsilä
14.3.5 Fincantieri
14.3.6 CSSC(China Shipbuilding Power Engineering Institute)
14.3.7 YUCHAI
