According to the research report titled ‘Europe Marine Diesel Engine Market Forecast 2026 by Application, Technology, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Europe marine diesel engine market is expected to register significant growth during 2021-2026.
 

Flourishing marine transportation sector, rising international trade activities, decreasing prices of crude oil, and mounting seaborne passenger traffic are key factors driving the growth of Europe marine diesel engine market. Rapid industrialization, improving economic conditions, and growing population are also aiding towards the market expansion.
 

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In terms of technology type, the report cites that Europe marine diesel engine market share from high-speed segment is predicted to expand considerably through 2026, primarily due to the growing demand for recreational ships. This technology is known to offer higher efficiency as compared to its counterparts. In addition, focus towards minimizing carbon levels are also fueling the segmental share.
 

The low-speed segment, on the other hand, is also likely to generate lucrative returns by 2026. Shifting preferences towards cost-effective units for long-distance operations is adding traction to the segmental size. Booming tourism sector, rising per capita income, and growing demand for luxury and comfort are also favoring the overall market scenario.
 

Based on application spectrum, the report claims that the merchant segment is anticipated to hold majority of the market share by 2026, owing to expanding commerce as well as favorable regulatory outlook. Increasing R&D investments and subsequent technological breakthroughs are also supporting Europe marine diesel engine industry expansion.
 

Considering the geographical landscape, Germany is likely to emerge as a major revenue contributor for the overall market. This can be attributed to growing import & export activities, rise in ship retrofitting efforts, and shifting preferences towards exploration operations.
 

The prominent companies operating in Europe marine diesel engine market are Rolls Royce, Scania AB, Volvo Penta, Wärtsilä Oyj Abp, MAN Energy Solutions SE, Deutz AG, Cummins, Caterpillar Inc., Brunswick Corporation, and Anglo Belgian Corporation among others.