According to the research report titled ‘Asia Pacific Marine Diesel Engine Market Forecast 2027 By Technology, By Application, Research Report, Country Outlook, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia-Pacific marine diesel engine market is expected to generate lucrative returns by the year 2027.
 

Flourishing marine tourism as well as shipbuilding activities coupled with regulatory focus towards reducing carbon emissions are some of the major factors driving the growth of Asia-Pacific marine diesel engine market. Collective inclination towards using fuel-efficient and green fuels is also aiding towards the overall market expansion.

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Increasing recreational activities, technological breakthroughs, and focus among ship manufacturers to diversify their portfolios are adding traction to marine diesel engine market size in Asia-Pacific. However, the advent of COVID-19 pandemic has had negative impact on this business sphere as recreational as well as sea-trading activities came to a halt.

Despite this, growing number of vaccinated people and reopening of international borders are likely to again augment the demand for marine diesel engines in Asia-Pacific.

In terms of technology, the report cites that high speed segment will generate substantial returns for this marketplace by the year 2027. This can be attributed to rising emphasis towards minimizing carbon emissions and growing demand for such engine technology, especially from the defense sector.

Based on application spectrum, Asia-Pacific marine diesel engine market share from merchant ships is predicted to expand considerably over the study period, primarily driven by favorable regulatory outlook such as low-cost loans and expert subsidies. Various companies are also focusing on developing high-performance marine engines. This, coupled with surging investments towards integrating advanced technologies are facilitating the overall business scenario.

From the geographical point of view, China currently stands tall in terms of revenue hierarchy and is likely to showcase similar growth trends in the ensuing years. Government regulations that promote the use of energy-efficient engines coupled with surging investments towards oil & gas exploration activities are fueling China marine diesel engine industry size.

The prominent companies operating in Asia-Pacific marine diesel engines industry landscape are Yanmar Co. Ltd., STX Heavy Industries Co. Ltd., Kawasaki Heavy Industries Ltd., Daihatsu Diesel Manufacturing Co. Ltd., Deere & Company, IHI Corporation, Hyundai Heavy Industries Co. Ltd., Scania AB, The Volvo Group, Wärtsilä Oyj Abp, MAN Energy Solutions SE, Deutz AG, Cummins Inc., Caterpillar Inc., Brunswick Corporation, and Anglo Belgian Corporation.