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 anticipated to showcase tremendous grow through 2027.

Asia Pacific marine diesel engine market growth is majorly driven by rising rate of marine tourism, increasing shipbuilding activities, stringent government regulations to lower carbon emissions, surging number of recreational activities, as well as growing cognizance among individuals towards the usage of efficient fuel technologies.

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Notably, closed international borders, ceased sea-trading activities, as well as declined marine tourism & recreational activities due to the advent of COVID-19 pandemic had hampered the industry outlook in the recent past.

However, with vaccination campaigns in full swing and international borders opening up, the shipping industry is gradually picking up speed, which in turn is expected to bolster the marketplace in the coming years.

Based on technology, the high-speed segment of Asia Pacific marine diesel engine market is expected to gain traction between 2021-2027, due to growing product demand across end-users in the defense sector.

In terms of application, the merchant segment is slated to grow substantially over the analysis period, owing to adoption of advantageous policies by government, such as export subsidies and low-cost loans.

Regionally, China market is poised to amass significant returns by the end of the forecast duration, on account of growing number of retrofitting activities, stringent government regulations for enhancement of marine diesel engines, and rising investments in oil & gas exploration to boost import & export activities in the country.

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, AB Volvo, Wärtsilä Oyj Abp, MAN Energy Solutions SE, Deutz AG, Cummins Inc., Caterpillar Inc, Brunswick Corporation, and Anglo Belgian Corporation N.V. are the leading players influencing Asia Pacific marine diesel engine market size.