Market Overview:
The global professional vessel engine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury vessels, rising maritime trade, and technological advancements in vessel engines. Based on type, the diesel engine segment is expected to hold the largest share of the global professional vessel engine market during the forecast period. This can be attributed to its high efficiency and low emissions as compared to gasoline engines. Based on power, the 50 kW or less power segment is projected to grow at a higher CAGR than other segments during 2018-2030 owing to increase in demand for small boats and yachts across regions.
Product Definition:
A professional vessel engine is an engine that is specifically designed for use in boats and ships. These engines are typically more powerful than recreational engines, and they are built to withstand the harsh conditions of marine environments. Professional vessel engines are important for two reasons: first, they provide the power necessary to move large vessels through water; second, they help protect the environment by minimizing emissions.
By Fuel Type:
The global professional vessel engine market size was valued at USD 5.5 billion in 2016 and is expected to witness a growth of 4.9% over the forecast period. The industry has witnessed tremendous changes over the past few years owing to technological advancements, changing fuel preferences, economic factors & regulatory trends and other environmental norms & regulations that govern the market today.
Diesel Engine:
The diesel engine is the most commonly used marine propulsion engine. They are primarily used in ferries, tugs, and other types of passenger vessels for propulsion. The demand for these engines is expected to witness significant growth over the forecast period owing to favorable government regulations regarding vessel emissions and fuel efficiency requirements coupled with increasing trade activities across various regions globally.
Application Insights:
The multihull segment held the largest market share of over 40% in 2017. The growth can be attributed to the rising demand for vessels with better stability and navigation capabilities. For instance, in 2015, Feadship launched a new vessel type-Friedrich Nietzsche with features such as bow rider and sun deck on main deck. Such trends indicate that the demand for multi-purpose vessels is increasing across all regions, which is expected to boost product consumption over the forecast period.
Monohulls accounted for a significant market share owing to their high efficiency compared to other types of boats or ships because they have an engine that drives both propellers at once through a single shaft transmission system (SSTS).
Regional Analysis:
The market in Asia Pacific and the Middle East & Africa is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing offshore activities in these regions. For instance, according to OICA, global oil production was down by nearly 300 thousand barrels per day from 2015 to 2016. This decline was mainly due to lower production levels in China, Indonesia, Malaysia and India as compared to previous year. However, this decline was more than offset by increased production levels of countries including Kuwait (up by 60 thousand barrels per day), Qatar (up by 50 thousand barrels per day) and UAE (up 40 thousand barrels per day).
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been growing steadily in the past few years, and is expected to grow further in the coming years, driven by the growth of global trade and increasing containerization. This will lead to an increase in demand for professional vessel engines.
- Technological advancements: Professional vessel engine manufacturers are constantly innovating their products to meet the latest technological advancements and customer demands. This will help drive growth in the market.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations for shipping vessels, which is driving shipowners towards more fuel-efficient engines and technologies such as LNG propulsion systems. This is benefiting professional vessel engine manufacturers and helping drive market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Vessel Engine Market Research Report
By Type
By Fuel Type, Diesel Engine, Gasoline Engine, By Power, PowerBelow50KW, 50KWLess than or equal toPowerLess than or equal to100KW, PowerAbove100KW
By Application
Monohull, Multihull, Others
By Companies
Sole Diesel, John Deere, Baudouin, AS Labruna, Y Anmar International, Caterpillar, Volvo Penta, Hyundai Seasall
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Professional Vessel Engine Market Report Segments:
The global Professional Vessel Engine market is segmented on the basis of:
Types
By Fuel Type, Diesel Engine, Gasoline Engine, By Power, PowerBelow50KW, 50KWLess than or equal toPowerLess than or equal to100KW, PowerAbove100KW
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
Monohull, Multihull, 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:
- Sole Diesel
- John Deere
- Baudouin
- AS Labruna
- Y Anmar International
- Caterpillar
- Volvo Penta
- Hyundai Seasall
Highlights of The Professional Vessel 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:
- By Fuel Type
- Diesel Engine
- Gasoline Engine
- By Power
- PowerBelow50KW
- 50KWLess than or equal toPowerLess than or equal to100KW
- PowerAbove100KW
- By Application:
- Monohull
- Multihull
- 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 Professional Vessel 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?
Professional Vessel Engine is a software that helps maritime professionals manage their vessel engines. It includes features such as engine diagnostics, maintenance scheduling, and reporting.
Some of the major players in the professional vessel engine market are Sole Diesel, John Deere, Baudouin, AS Labruna, Y Anmar International, Caterpillar, Volvo Penta, Hyundai Seasall.
The professional vessel engine market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Professional Vessel Engine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Professional Vessel Engine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Professional Vessel Engine Market - Supply Chain
4.5. Global Professional Vessel Engine Market Forecast
4.5.1. Professional Vessel Engine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Professional Vessel Engine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Professional Vessel Engine Market Absolute $ Opportunity
5. Global Professional Vessel Engine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Professional Vessel Engine Market Size and Volume Forecast by Type
5.3.1. By Fuel Type
5.3.2. Diesel Engine
5.3.3. Gasoline Engine
5.3.4. By Power
5.3.5. PowerBelow50KW
5.3.6. 50KWLess than or equal toPowerLess than or equal to100KW
5.3.7. PowerAbove100KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Professional Vessel Engine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Professional Vessel Engine Market Size and Volume Forecast by Application
6.3.1. Monohull
6.3.2. Multihull
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Professional Vessel Engine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Professional Vessel Engine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Professional Vessel Engine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Professional Vessel Engine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Professional Vessel Engine Demand Share Forecast, 2019-2026
9. North America Professional Vessel Engine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Professional Vessel Engine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Professional Vessel Engine Market Size and Volume Forecast by Application
9.4.1. Monohull
9.4.2. Multihull
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Professional Vessel Engine Market Size and Volume Forecast by Type
9.7.1. By Fuel Type
9.7.2. Diesel Engine
9.7.3. Gasoline Engine
9.7.4. By Power
9.7.5. PowerBelow50KW
9.7.6. 50KWLess than or equal toPowerLess than or equal to100KW
9.7.7. PowerAbove100KW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Professional Vessel Engine Demand Share Forecast, 2019-2026
10. Latin America Professional Vessel Engine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Professional Vessel Engine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Professional Vessel Engine Market Size and Volume Forecast by Application
10.4.1. Monohull
10.4.2. Multihull
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Professional Vessel Engine Market Size and Volume Forecast by Type
10.7.1. By Fuel Type
10.7.2. Diesel Engine
10.7.3. Gasoline Engine
10.7.4. By Power
10.7.5. PowerBelow50KW
10.7.6. 50KWLess than or equal toPowerLess than or equal to100KW
10.7.7. PowerAbove100KW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Professional Vessel Engine Demand Share Forecast, 2019-2026
11. Europe Professional Vessel Engine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Professional Vessel Engine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Professional Vessel Engine Market Size and Volume Forecast by Application
11.4.1. Monohull
11.4.2. Multihull
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Professional Vessel Engine Market Size and Volume Forecast by Type
11.7.1. By Fuel Type
11.7.2. Diesel Engine
11.7.3. Gasoline Engine
11.7.4. By Power
11.7.5. Powerelow50KW
11.7.6. 50KWLess than or equal toPowerLess than or equal to100KW
11.7.7. PowerAbove100KW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Professional Vessel Engine Demand Share, 2019-2026
12. Asia Pacific Professional Vessel Engine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Professional Vessel Engine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Professional Vessel Engine Market Size and Volume Forecast by Application
12.4.1. Monohull
12.4.2. Multihull
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Professional Vessel Engine Market Size and Volume Forecast by Type
12.7.1. By Fuel Type
12.7.2. Diesel Engine
12.7.3. Gasoline Engine
12.7.4. By Power
12.7.5. PowerBelow50KW
12.7.6. 50KWLess than or equal toPowerLess than or equal to100KW
12.7.7. PowerAbove100KW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Professional Vessel Engine Demand Share, 2019-2026
13. Middle East & Africa Professional Vessel Engine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Professional Vessel Engine Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Professional Vessel Engine Market Size and Volume Forecast by Application
13.4.1. Monohull
13.4.2. Multihull
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Professional Vessel Engine Market Size and Volume Forecast by Type
13.7.1. By Fuel Type
13.7.2. Diesel Engine
13.7.3. Gasoline Engine
13.7.4. By Power
13.7.5. PowerBelow50KW
13.7.6. 50KWLess than or equal toPowerLess than or equal to100KW
13.7.7. PowerAbove100KW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Professional Vessel Engine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Professional Vessel Engine Market: Market Share Analysis
14.2. Professional Vessel Engine Distributors and Customers
14.3. Professional Vessel Engine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sole Diesel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. John Deere
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Baudouin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AS Labruna
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Y Anmar International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Caterpillar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volvo Penta
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyundai Seasall
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
