Market Overview:
The global yacht 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 factors such as increasing demand for luxury yachts, rising disposable income, and growing tourism industry. In terms of type, the inboard machine segment is expected to lead the global yacht engine market during the forecast period. This can be attributed to increase in demand for luxury yachts and rise in number of tourists across regions.
Product Definition:
A yacht engine is a marine engine that powers a boat or ship. It is typically either a diesel or gasoline engine. The importance of the yacht engine lies in its ability to provide power to the vessel and propel it through the water.
Inboard Machine:
Inboard machine is a marine engine which is installed in the hull of a vessel. It's function is to provide propulsion and power for winches, shafts, and other equipment using chains or belts. Inboard machines are generally used in ferries as they have lower fuel consumption than outboards engines.
The global yacht engine market size was valued at USD 2,64 billion in 2016.
Side Inside And Outside The Machine:
Side inside and side outside the machine (SISOM) is a device that monitors the oil pressure in two places, one on each side of the engine. It ensures that there is no leakage of oil from any part of an engine to another through intake or exhaust valves or anywhere else. SISOM also prevents any contamination from foreign particles entering into engines which can cause damage to vital components.
Application Insights:
The performance yacht segment held the largest market share of over 40% in 2017. The demand for high-performance engines is generally higher on the open ocean as compared to coastal waters. General and displacement yachts are generally equipped with lower-powered engines as compared to performance yachts which have more power options.
General and displacement yachts are expected to witness significant growth over the forecast period owing to increasing disposable income among consumers, especially in emerging markets such as China, India, Brazil etcetera. General yacht applications include day boats, cruising boats along with other types of vessels such as fishing trawlers or motor ships used for cargo handling purposes.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for yachts with superior seaworthiness and comfort. Moreover, rising disposable income of consumers is anticipated to fuel product demand further. Europe accounted for a significant share of the overall revenue in 2017 due to growing popularity of watercraft among recreational boaters across countries such as France, Italy and Germany. Asia Pacific also contributed significantly towards overall revenue generation in 2017 on account of rapid growth witnessed by manufacturers located there along with increased sales visibility associated with online portals catering specifically towards watercraft sales including yacht engines sale category.
The Middle East & Africa region is projected to grow at a lucrative rate over the forecast period owing high growth potential existing within it pertaining particularly towards countries such as Qatar.
Growth Factors:
- Increasing demand for luxury goods and services
- Growing popularity of yachting as a leisure activity
- Rising disposable income of the affluent population
- Proliferation of advanced technologies in yacht engine manufacturing
- Expansion of global trade and tourism
Scope Of The Report
Report Attributes
Report Details
Report Title
Yacht Engine Market Research Report
By Type
Inboard Machine, Side Inside And Outside The Machine, Outboard Engine, Jet Engine
By Application
General Yacht, Displacement Yacht, Performance Yacht, Others
By Companies
MTU, Caterpillar, MAN SE, Cummins, Volvo Penta, SCANIA, Mase Generator, Nanni Industries, Onan, Fischer Panda, MTU, Westerbeke, Lombardini Marine, Sole Diesel, Northern Lights, COELMO MARINE, VETUS, Mercury Marine, Yamaha, Yanmar
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Yacht Engine Market Report Segments:
The global Yacht Engine market is segmented on the basis of:
Types
Inboard Machine, Side Inside And Outside The Machine, Outboard Engine, Jet Engine
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
General Yacht, Displacement Yacht, Performance Yacht, 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:
- MTU
- Caterpillar
- MAN SE
- Cummins
- Volvo Penta
- SCANIA
- Mase Generator
- Nanni Industries
- Onan
- Fischer Panda
- MTU
- Westerbeke
- Lombardini Marine
- Sole Diesel
- Northern Lights
- COELMO MARINE
- VETUS
- Mercury Marine
- Yamaha
- Yanmar
Highlights of The Yacht 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:
- Inboard Machine
- Side Inside And Outside The Machine
- Outboard Engine
- Jet Engine
- By Application:
- General Yacht
- Displacement Yacht
- Performance Yacht
- 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 Yacht 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
- 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 yacht engine is a type of marine engine that powers a sailing vessel. Yacht engines typically use diesel or gasoline as their fuel source, and they are usually mounted on the boat's hull in an area near the bow.
Some of the major companies in the yacht engine market are MTU, Caterpillar, MAN SE, Cummins, Volvo Penta, SCANIA, Mase Generator, Nanni Industries, Onan, Fischer Panda, MTU, Westerbeke, Lombardini Marine, Sole Diesel, Northern Lights, COELMO MARINE, VETUS, Mercury Marine, Yamaha, Yanmar.
The yacht 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 Yacht 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 Yacht Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yacht 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 Yacht 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 Yacht Engine Market Size & Forecast, 2020-2028
4.5.1 Yacht Engine Market Size and Y-o-Y Growth
4.5.2 Yacht 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 Inboard Machine
5.2.2 Side Inside And Outside The Machine
5.2.3 Outboard Engine
5.2.4 Jet Engine
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 General Yacht
6.2.2 Displacement Yacht
6.2.3 Performance Yacht
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yacht 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 Yacht 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 Inboard Machine
9.6.2 Side Inside And Outside The Machine
9.6.3 Outboard Engine
9.6.4 Jet Engine
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 General Yacht
9.10.2 Displacement Yacht
9.10.3 Performance Yacht
9.10.4 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 Inboard Machine
10.6.2 Side Inside And Outside The Machine
10.6.3 Outboard Engine
10.6.4 Jet Engine
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 General Yacht
10.10.2 Displacement Yacht
10.10.3 Performance Yacht
10.10.4 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 Inboard Machine
11.6.2 Side Inside And Outside The Machine
11.6.3 Outboard Engine
11.6.4 Jet Engine
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 General Yacht
11.10.2 Displacement Yacht
11.10.3 Performance Yacht
11.10.4 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 Inboard Machine
12.6.2 Side Inside And Outside The Machine
12.6.3 Outboard Engine
12.6.4 Jet Engine
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 General Yacht
12.10.2 Displacement Yacht
12.10.3 Performance Yacht
12.10.4 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 Inboard Machine
13.6.2 Side Inside And Outside The Machine
13.6.3 Outboard Engine
13.6.4 Jet Engine
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 General Yacht
13.10.2 Displacement Yacht
13.10.3 Performance Yacht
13.10.4 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 Yacht Engine Market: Competitive Dashboard
14.2 Global Yacht Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MTU
14.3.2 Caterpillar
14.3.3 MAN SE
14.3.4 Cummins
14.3.5 Volvo Penta
14.3.6 SCANIA
14.3.7 Mase Generator
14.3.8 Nanni Industries
14.3.9 Onan
14.3.10 Fischer Panda
14.3.11 MTU
14.3.12 Westerbeke
14.3.13 Lombardini Marine
14.3.14 Sole Diesel
14.3.15 Northern Lights
14.3.16 COELMO MARINE
14.3.17 VETUS
14.3.18 Mercury Marine
14.3.19 Yamaha
14.3.20 Yanmar
