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North America Marine Engines Market Research Report Information by Power (300-600HP, 601-800HP, 801-1000HP, 1001-1400HP, 1401-5000HP, 5001HP - 10,000HP, 10001-20,000HP and Above 20,000 HP) By Shipyard (Merchant, Offshore, Cruise & Ferry, Navy And Others) By Displacement (4L, 6L, 9L, 13L, 16L and more than 16L), By Distribution Channel (OEM and Aftermarket) By Installation (Outboards, Inboard, Pod Drives, Stern Drives, Waterjet And Others), and By Country(US, Canada, Mexico) -North America Forecast to 2032


ID: MRFR/E&P/19164-CR | 128 Pages | Author: Priya Nagrale| March 2024

Marine Engines Market Segmentation


Marine Engines Power Outlook (USD Million, 2019-2032)



  • 300-600HP

  • 601-800HP

  • 801-1000HP

  • 1001-1400HP

  • 1401-5000HP

  • 5001HP - 10,000HP

  • 10001-20,000HP

  • Above 20,000 HP


Marine Engines Shipyard Outlook (USD Million, 2019-2032)



  • Roof-Mounted

  • Ground-Mounted

  • Floating Power Plant


Marine Engines Displacement Outlook (USD Million, 2019-2032)



  • Less than 100mm

  • 100-500mm

  • Greater than 500mm


Marine Engines Distribution Channel Outlook (USD Million, 2019-2032)



  • Utility

  • Industrial

  • Commercial

  • Residential


Marine Engines Installation Outlook (USD Million, 2019-2032)



  • Outboards

  • Inboard

  • Pod drives

  • Stern drives

  • Waterjet

  • Others


North America Marine Engines Country Outlook (USD Million, 2019-2032)




  • US Outlook (USD Million, 2019-2032)


    • US Marine Engines by Power

      • 300-600HP

      • 601-800HP

      • 801-1000HP

      • 1001-1400HP

      • 1401-5000HP

      • 5001HP - 10,000HP

      • 10001-20,000HP

      • Above 20,000 HP




    • US Marine Engines by Shipyard

      • Merchant

      • Offshore

      • Cruise & ferry

      • Navy

      • Others




    • US Marine Engines by Displacement

      • 4L

      • 6L

      • 9L

      • 13L

      • 16L

      • more than 16L




    • US Marine Engines by Distribution Channel

      • OEM

      • Aftermarket




    • US Marine Engines by Installation

      • Outboards

      • Inboard

      • Pod drives

      • Stern drives

      • Waterjet

      • Others




    • Canada Outlook (USD Million, 2019-2032)


      • Canada Marine Engines by Power

        • 300-600HP

        • 601-800HP

        • 801-1000HP

        • 1001-1400HP

        • 1401-5000HP

        • 5001HP - 10,000HP

        • 10001-20,000HP

        • Above 20,000 HP




      • Canada Marine Engines by Shipyard

        • Merchant

        • Offshore

        • Cruise & ferry

        • Navy

        • Others




      • Canada Marine Engines by Displacement

        • 4L

        • 6L

        • 9L

        • 13L

        • 16L

        • more than 16L




      • Canada Marine Engines by Distribution Channel

        • OEM

        • Aftermarket




      • Canada Marine Engines by Installation

        • Outboards

        • Inboard

        • Pod drives

        • Stern drives

        • Waterjet

        • Others




      • Mexico Outlook (USD Million, 2019-2032)


        • Mexico Marine Engines by Power

          • 300-600HP

          • 601-800HP

          • 801-1000HP

          • 1001-1400HP

          • 1401-5000HP

          • 5001HP - 10,000HP

          • 10001-20,000HP

          • Above 20,000 HP




        • Mexico Marine Engines by Shipyard

          • Merchant

          • Offshore

          • Cruise & ferry

          • Navy

          • Others




        • Mexico Marine Engines by Displacement

          • 4L

          • 6L

          • 9L

          • 13L

          • 16L

          • more than 16L




        • Mexico Marine Engines by Distribution Channel

          • OEM

          • Aftermarket




        • Mexico Marine Engines by Installation

          • Outboards

          • Inboard

          • Pod drives

          • Stern drives

          • Waterjet

          • Others









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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 NORTH AMERICA MARINE ENGINES MARKET, BY POWER

1.2 NORTH AMERICA MARINE ENGINES MARKET, BY SHIPYARD

1.3 NORTH AMERICA MARINE ENGINES MARKET, BY DISPLACEMENT

1.4 NORTH AMERICA MARINE ENGINES MARKET, BY DISTRIBUTION CHANNEL

1.5 NORTH AMERICA MARINE ENGINES MARKET, BY INSTALLATION

1.6 NORTH AMERICA MARINE ENGINES MARKET, BY COUNTRY

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.2 RESEARCH OBJECTIVE

2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW

3.2 DATA FLOW

3.3 PURCHASED DATABASE

3.4 SECONDARY SOURCES

3.5 PRIMARY RESEARCH

3.6 APPROACHES FOR MARKET SIZE ESTIMATION

3.7 DATA FORECASTING

3.8 DATA MODELING

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 INCREASING DEMAND FOR RECREATIONAL BOATING AND WATER SPORTS ACTIVITIES

4.2.2 GROWTH IN COMMERCIAL SHIPPING AND MARINE TRANSPORTATION INDUSTRIES

4.3 RESTRAINTS

4.3.1 STRINGENT ENVIRONMENTAL REGULATIONS IMPACTING ENGINE DESIGN AND EMISSIONS CONTROL

4.3.2 HIGH INITIAL INVESTMENT COSTS DETER SMALL-SCALE MARINE OPERATORS

4.4 OPPORTUNITIES

4.4.1 INCREASING FOCUS ON HYBRID AND ELECTRIC PROPULSION SYSTEMS.

4.4.2 GOVERNMENT REGULATIONS DRIVING THE SHIFT TOWARDS CLEANER MARINE ENGINES

4.5 IMPACT OF COVID-19 ON NORTH AMERICA MARINE ENGINES MARKET

4.7 SUPPLY CHAIN IMPACT

4.7.1 IMPACT ON MANUFACTURER/DEVELOPER

4.7.2 IMPACT ON COMPONENT/SERVICES SUPPLIER

4.7.3 IMPACT ON DISTRIBUTION/LOGISTICS

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS

5.1.1 RAW MATERIALS AND COMPONENTS SUPPLIERS

5.1.2 MANUFACTURING & ASSEMBLY

5.1.3 DISTRIBUTION & SALES

5.1.4 END-USER

5.2 PORTER’S FIVE FORCES MODEL

5.2.1 THREAT OF NEW ENTRANTS

5.2.2 BARGAINING POWER OF SUPPLIERS

5.2.3 BARGAINING POWER OF BUYERS

5.2.4 THREAT OF SUBSTITUTES

5.2.5 INTENSITY OF RIVALRY

6 NORTH AMERICA MARINE ENGINES MARKET, BY POWER

6.1 OVERVIEW

6.2 NORTH AMERICA MARINE ENGINES MARKET SIZE, MARKET ESTIMATES & FORECAST BY POWER, 2019-2032

6.2.1 NORTH AMERICA MARINE ENGINES MARKET SIZE: MARKET ESTIMATES & FORECAST BY POWER, 2019-2032

7 NORTH AMERICA MARINE ENGINES MARKET, BY SHIPYARD

7.1 OVERVIEW

7.2 NORTH AMERICA MARINE ENGINES MARKET SIZE, MARKET ESTIMATES & FORECAST BY SHIPYARD, 2019-2032

7.2.1 NORTH AMERICA MARINE ENGINES MARKET SIZE: MARKET ESTIMATES & FORECAST BY SHIPYARD, 2019-2032

8 NORTH AMERICA MARINE ENGINES MARKET, BY DISPLACEMENT

8.1 OVERVIEW

8.2 NORTH AMERICA MARINE ENGINES MARKET SIZE, MARKET ESTIMATES & FORECAST BY DISPLACEMENT, 2019-2032

8.2.1 NORTH AMERICA MARINE ENGINES MARKET SIZE: MARKET ESTIMATES & FORECAST BY DISPLACEMENT, 2019-2032

9 NORTH AMERICA MARINE ENGINES MARKET, BY DISTRIBUTION CHANNEL

9.1 OVERVIEW

9.2 NORTH AMERICA MARINE ENGINES MARKET SIZE, MARKET ESTIMATES & FORECAST BY DISTRIBUTION CHANNEL, 2019-2032

9.2.1 NORTH AMERICA MARINE ENGINES MARKET SIZE: MARKET ESTIMATES & FORECAST BY DISTRIBUTION CHANNEL, 2019-2032

10 NORTH AMERICA MARINE ENGINES MARKET, BY INSTALLATION

10.1 OVERVIEW

10.2 NORTH AMERICA MARINE ENGINES MARKET SIZE, MARKET ESTIMATES & FORECAST BY INSTALLATION, 2019-2032

10.2.1 NORTH AMERICA MARINE ENGINES MARKET SIZE: MARKET ESTIMATES & FORECAST BY INSTALLATION, 2019-2032

10 NORTH AMERICA MARINE ENGINES MARKET, BY COUNTRY

10.1 OVERVIEW

10.2.1 U.S.

10.2.2 CANADA

10.2.2 MEXICO

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW

11.2 COMPETITIVE BENCHMARKING

11.3 MAJOR PLAYERS IN THE NORTH AMERICA MARINE ENGINES MARKET

11.4 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE NORTH AMERICA MARINE ENGINES MARKET

11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES

11.5.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL

11.5.2 ACQUISITION/PARTNERSHIP

12 COMPANY PROFILES

12.1 CATERPILLAR INC.

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 PRODUCTS OFFERED

12.1.4 KEY DEVELOPMENTS

12.1.5 SWOT ANALYSIS

12.1.6 KEY STRATEGIES

12.2 CUMMINS INC.

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 WABTEC CORPORATION

12.3.1 COMPANY OVERVIEW

12.3.2 FINANCIAL OVERVIEW

12.3.3 PRODUCTS OFFERED

12.3.4 KEY DEVELOPMENTS

12.3.5 SWOT ANALYSIS

12.3.6 KEY STRATEGIES

12.4 AB VOLVO

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS/SERVICES OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 DEERE & COMPANY

12.5.1 COMPANY OVERVIEW

12.5.2 FINANCIAL OVERVIEW

12.5.3 PRODUCTS/SERVICES OFFERED

12.5.4 KEY DEVELOPMENTS

12.5.5 SWOT ANALYSIS

12.5.6 KEY STRATEGIES

12.6 DEUTZ AG

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES OFFERED

12.6.4 KEY DEVELOPMENTS

12.6.5 SWOT ANALYSIS

12.6.6 KEY STRATEGIES

12.7 HYUNDAI HEAVY INDUSTRIES

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS/SERVICES OFFERED

12.7.4 KEY DEVELOPMENTS

12.7.5 SWOT ANALYSIS

12.7.6 KEY STRATEGIES

12.8 WÄRTSILÄ, OYJ ABP

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS OFFERED

12.8.4 KEY DEVELOPMENTS

12.8.5 SWOT ANALYSIS

12.8.6 KEY STRATEGIES

12.9 MAN SE.

12.9.1 COMPANY OVERVIEW

12.9.2 FINANCIAL OVERVIEW

12.9.3 PRODUCTS OFFERED

12.9.4 KEY DEVELOPMENTS

12.9.5 SWOT ANALYSIS

12.9.6 KEY STRATEGIES

12.10 MITSUBISHI HEAVY INDUSTRIES LTD.

12.10.1 COMPANY OVERVIEW

12.10.2 FINANCIAL OVERVIEW

12.10.3 PRODUCTS OFFERED

12.10.4 KEY DEVELOPMENTS

12.10.5 SWOT ANALYSIS

12.10.6 KEY STRATEGIES

13 APPENDIX

13.1 REFERENCES

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 US MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY POWER, 2019-2032 (USD MILLION)

TABLE 3 US MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY SHIPYARD, 2019-2032 (USD MILLION)

TABLE 4 US MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISPLACEMENT, 2019-2032 (USD MILLION)

TABLE 5 US MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019-2032 (USD MILLION)

TABLE 6 US MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY INSTALLATION, 2019-2032 (USD MILLION)

TABLE 7 CANADA MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY POWER, 2019-2032 (USD MILLION)

TABLE 8 CANADA MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY SHIPYARD, 2019-2032 (USD MILLION)

TABLE 9 CANADA MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISPLACEMENT, 2019-2032 (USD MILLION)

TABLE 10 CANADA MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019-2032 (USD MILLION)

TABLE 11 CANADA MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY INSTALLATION, 2019-2032 (USD MILLION)

TABLE 12 MEXICO MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY POWER, 2019-2032 (USD MILLION)

TABLE 13 MEXICO MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY SHIPYARD, 2019-2032 (USD MILLION)

TABLE 14 MEXICO MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISPLACEMENT, 2019-2032 (USD MILLION)

TABLE 15 MEXICO MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019-2032 (USD MILLION)

TABLE 16 MEXICO MARINE ENGINES MARKET SIZE ESTIMATES & FORECAST, BY INSTALLATION, 2019-2032 (USD MILLION)

TABLE 17 MAJOR PLAYERS IN THE NORTH AMERICA MARINE ENGINES MARKET

TABLE 18 THE MOST ACTIVE PLAYERS IN THE NORTH AMERICA MARINE ENGINES MARKET

TABLE 19 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL

TABLE 20 ACQUISITION/ PARTNERSHIP

TABLE 21 CATERPILLAR INC.: PRODUCTS OFFERED

TABLE 22 CATERPILLAR INC.: KEY DEVELOPMENTS

TABLE 23 CUMMINS INC.: PRODUCTS OFFERED

TABLE 24 WABTEC CORPORATION: PRODUCTS OFFERED

TABLE 25 AB VOLVO: PRODUCTS/SERVICES OFFERED

TABLE 26 DEERE & COMPANY: PRODUCTS/SERVICES OFFERED

TABLE 27 DEUTZ AG: PRODUCTS/SERVICES OFFERED

TABLE 28 HYUNDAI HEAVY INDUSTRIES: PRODUCTS OFFERED

TABLE 29 WÄRTSILÄ, OYJ ABP: PRODUCTS OFFERED

TABLE 30 MAN SE.: PRODUCTS OFFERED

TABLE 31 MITSUBISHI HEAVY INDUSTRIES LTD.: PRODUCTS OFFERED

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY POWER

FIGURE 3 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY SHIPYARD

FIGURE 4 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY DISPLACEMENT

FIGURE 5 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY DISTRIBUTION CHANNEL

FIGURE 6 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY INSTALLATION

FIGURE 7 NORTH AMERICA MARINE ENGINES MARKET ANALYSIS BY COUNTRY

FIGURE 8 NORTH AMERICA MARINE ENGINES MARKET: MARKET STRUCTURE

FIGURE 9 KEY BUYING CRITERIA OF TURBINE IN THERMAL POWER

FIGURE 10 RESEARCH PROCESS OF MRFR

FIGURE 11 DRO ANALYSIS OF NORTH AMERICA MARINE ENGINES MARKET

FIGURE 12 DRIVERS IMPACT ANALYSIS: MARINE ENGINES MARKET

FIGURE 13 RESTRAINTS IMPACT ANALYSIS: MARINE ENGINES MARKET

FIGURE 14 SUPPLY / VALUE CHAIN: NORTH AMERICA MARINE ENGINES MARKET

FIGURE 15 NORTH AMERICA MARINE ENGINES MARKET, BY POWER, 2022 (% SHARE)

FIGURE 16 NORTH AMERICA MARINE ENGINES MARKET, BY POWER, 2019 TO 2032 (USD MILLION)

FIGURE 17 NORTH AMERICA MARINE ENGINES MARKET, BY SHIPYARD, 2022 (% SHARE)

FIGURE 18 NORTH AMERICA MARINE ENGINES MARKET, BY SHIPYARD, 2019 TO 2032 (USD MILLION)

FIGURE 19 NORTH AMERICA MARINE ENGINES MARKET, BY DISPLACEMENT, 2022 (% SHARE)

FIGURE 20 NORTH AMERICA MARINE ENGINES MARKET, BY DISPLACEMENT, 2019 TO 2032 (USD MILLION)

FIGURE 21 NORTH AMERICA MARINE ENGINES MARKET, BY DISTRIBUTION CHANNEL, 2022 (% SHARE)

FIGURE 22 NORTH AMERICA MARINE ENGINES MARKET, BY DISTRIBUTION CHANNEL, 2019 TO 2032 (USD MILLION)

FIGURE 23 NORTH AMERICA MARINE ENGINES MARKET, BY INSTALLATION, 2022 (% SHARE)

FIGURE 24 NORTH AMERICA MARINE ENGINES MARKET, BY INSTALLATION, 2019 TO 2032 (USD MILLION)

FIGURE 25 NORTH AMERICA MARINE ENGINES MARKET, BY COUNTRY, 2022 TO 2032 (USD MILLION)

FIGURE 26 NORTH AMERICA MARINE ENGINES MARKET, BY COUNTRY, 2022 (% SHARE)

FIGURE 27 NORTH AMERICA: MARINE ENGINES MARKET SHARE, BY COUNTRY, 2022 (% SHARE)

FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 29 CATERPILLAR INC.: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 30 CATERPILLAR INC.: SWOT ANALYSIS

FIGURE 31 CUMMINS INC.: SWOT ANALYSIS

FIGURE 32 WABTEC CORPORATION: SWOT ANALYSIS

FIGURE 33 AB VOLVO: SWOT ANALYSIS

FIGURE 34 DEERE & COMPANY: SWOT ANALYSIS

FIGURE 35 DEUTZ AG: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 36 DEUTZ AG: SWOT ANALYSIS

FIGURE 37 HYUNDAI HEAVY INDUSTRIES: SWOT ANALYSIS

FIGURE 38 WÄRTSILÄ, OYJ ABP: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 39 WÄRTSILÄ, OYJ ABP: SWOT ANALYSIS

FIGURE 40 MAN SE.: SWOT ANALYSIS

FIGURE 41 MITSUBISHI HEAVY INDUSTRIES LTD.: SWOT ANALYSIS

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