According to the research report titled ‘North America Marine Diesel Engine Market Forecast 2027 By Technology, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America marine diesel engine market is expected to register considerable growth through 2027.
 

Increasing seaborne trade activities coupled with focus towards reducing marine pollution are some of the major factors driving the growth of North America marine diesel engine market. Various emission reduction technologies have been introduced amidst the growing trend of reducing the overall carbon footprint.

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Inexpensive and eco-friendly nature of marine diesel engines, proliferating marine tourism, and increasing number of recreational activities are stimulating the overall industry outlook. Focus among ship manufacturers towards diversifying their product offerings is also adding traction to the market size in North America.

Although the COVID-19 pandemic had disrupted various sectors around the globe, recovering travel demand and rapid roll-out of vaccines are favoring North America marine diesel engine market outlook. Apart from this, rising development of fuel-efficient engines has also contributed towards the popularity of marine diesel engines.

In terms of technology, North America marine diesel engine industry size from high-speed diesel segment is predicted to expand substantially during the study period. Focus towards modernizing aging recreational ships, deteriorating prices of crude oil and high efficiency of such engines are facilitating the business outlook in North America.

The prominent companies operating in North America marine diesel engine market are Deere & Company, IHI Corporation, Hyundai Heavy Industries Co. Ltd., Scania AB, Volvo Penta, Wärtsilä Oyj Abp, MAN Energy Solutions SE, Deutz AG, Cummins Inc., Caterpillar Inc., and Brunswick Corporation among others.