Global Small Marine Engines Market
Dublin, Sept. 27, 2022 (GLOBE NEWSWIRE) -- The "Small Marine Engines Market by Model (Gasoline, Diesel, Electric), Placement (Outboard, Inboard), Application (Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats), Displacement (Up to 2 L, 2-4 L, 4-6 L) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global small marine engines market is expected to reach USD 10.3 billion by 2027 from an estimated USD 7.8 billion in 2022, at a CAGR of 5.5% from 2022 to 2027.
The growth of the small marine engines market is proportional to the growth of the boatbuilding industry. Apart from this, an increase in the fishing activities and the rising investments in oil and gas exploration has led to the increased use of support vessels and barges. They require small marine engines for propulsion and hence the market is expected to experience a growth in demand during the forecast period.
Diesel: The largest-growing segment by model in the small marines engines market
Based on model, the diesel based small marine engines are expected to occupy the largest share in the small marine engines market. Diesel engines are used in marine vehicles such as boats, ships, and submarines. Diesel engines are significantly more expensive than gas-powered engines as they are built to tighter tolerances and can stand much more abuse than their gasoline counterparts.
Diesel engines, when maintained properly, can give 6,000-8,000 hours of good use before needing a major overhaul. This means, some diesel engines can easily last the full lifetime of the boat. Most boaters prefer diesel because of durability. Other reasons include safety and/or economy. Diesel fuel is not as volatile as gasoline and does not explode.
Outboard: The largest segment by placement in small marine engines market
The small marine engines market has been segmented into outboard, inboard, and others. Others include stern-driven and jet propulsion engines. The main difference between an inboard and an outboard engine is their placement in the boat. Outboards can be flexibly used and they are commonly used for fishing, water sports, and pleasure boating.
Most of the boats have outboard engines, because of their ease of use and low maintenance costs. The outboard engines are seen mostly on pontoons, aluminum boats, bass boats, bowriders, small cruisers, and some high-performance off-shore speed and fishing boats. Boats that are used for recreational cruising or fishing are most likely to have outboard motors because the benefits are more advantageous in this setting.
Asia Pacific: The fastest-growing region in small marine engines market
Asia Pacific is expected to be the fastest growing region owing to the increasing fishing and recreational activities in countries such as China, India, and Japan. As the oil & gas exploration and production activities pick up pace, the demand for support vessels is likely to spur, leading to a growth in demand for small marine propulsion systems.
The demand for small marine engines in the defense sector is also projected to increase because of the ongoing territorial conflicts among countries such as China, the Philippines, North Korea, Japan, India, Vietnam, Pakistan, and Afghanistan, thereby driving the marine engines market in the region. Asia Pacific offers enormous scope for the small marine engines market as the region comprises a large number of developing countries that represent enormous trade opportunities.
4 Premium Insights 4.1 Attractive Opportunities for Players in Small Marine Engines Market 4.2 Market, by Region 4.3 North America: Market, by Model and Country, 2021 4.4 Market, by Model 4.5 Market, by Displacement 4.6 Market, by Placement 4.7 Outboard Market, by Model 4.8 Inboard Market, by Model 4.9 Others Market, by Model 4.10 Market, by Application
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Surge in Demand for Outdoor Recreation and Personal Mobility 5.2.1.2 Growth of Fishing Industry 5.2.1.3 Emphasis on Coastal Security and Defense 5.2.2 Restraints 5.2.2.1 Stringent Environmental Regulations for Decarbonization 5.2.2.2 Lack of Marine Infrastructure in Developing Economies 5.2.3 Opportunities 5.2.3.1 Increase in Installation of Offshore Energy Facilities 5.2.3.2 Growing Investments in Electrification Projects for Marine Applications 5.2.4 Challenges 5.2.4.1 High Lead Times 5.3 Trends/Disruptions Impacting Customers' Businesses 5.3.1 Revenue Shift and New Revenue Pockets for Small Marine Engine Providers 5.4 Market Map 5.5 Value Chain Analysis 5.6 Technology Analysis 5.6.1 IoT-Connected Small Marine Engines 5.6.2 Dual-Fuel and Hybrid Small Marine Engines 5.7 Pricing Analysis 5.7.1 Average Selling Prices of Small Marine Engines, by Displacement 5.8 Key Conferences & Events, 2022-2023 5.9 Tariff and Regulatory Landscape 5.9.1 Tariffs Related to Small Marine Engines 5.10 Trade Analysis 5.11 Innovations and Patent Registrations 5.12 Porter's Five Forces Analysis 5.13 Key Stakeholders & Buying Criteria 5.14 Buying Criteria 5.15 Case Study Analysis 5.15.1 Yanmar Launches Marine Engines for Application in Fishing Boats 5.15.1.1 Problem Statement: March 2020 5.15.1.2 Solution 5.15.2 Yanmar Provides Marine Diesel Engines for Reliable and Smooth Operations 5.15.2.1 Problem Statement: September 2021 5.15.2.2 Solution
6 Small Marine Engines Market, by Model 6.1 Introduction 6.2 Diesel 6.2.1 Offers Advantage of High Tolerance 6.3 Gasoline 6.3.1 Requires Low Costs to Purchase and Repower 6.4 Electric 6.4.1 Offers Reduced Environmental Risks and Noise
7 Small Marine Engines Market, by Displacement 7.1 Introduction 7.2 Up to 2 L 7.2.1 Used in Sports Fishing Boats 7.3 2-4 L 7.3.1 Used for Vessels Sailing on Inland Waters 7.4 4-6 L 7.4.1 Provides Benefits of Fuel Efficiency and Low Maintenance Cost
8 Small Marine Engines Market, by Placement 8.1 Introduction 8.2 Outboard 8.2.1 Are Easy to Use and Require Low Maintenance 8.3 Inboard 8.3.1 Designed for Vessels Requiring High Horsepower and Torque
9 Small Marine Engines Market, by Application 9.1 Introduction 9.2 Recreational Boats 9.2.1 Yachts 9.2.1.1 Majorly Driven by Inboard Small Marine Engines 9.2.2 Cruiser Boats 9.2.2.1 Require Less Maintenance 9.2.3 Others 9.3 Support Vessels 9.3.1 Fire Boats 9.3.1.1 Mainly Operated by Diesel-Based Small Marine Engines 9.3.2 Rescue Boats 9.3.2.1 Employ Petrol-Driven Outboard Small Marine Engines 9.3.3 Others 9.4 Coastal Boats 9.4.1 Patrol Boats 9.4.1.1 Used to Perform Rescue Operations and Ensure Coastal Security 9.4.2 Others 9.5 Fishing Boats 9.5.1 Spurt in Global Fish Production to Drive Market 9.6 Others
10 Small Marine Engines Market, by Region
11 Competitive Landscape 11.1 Small Marine Engines Market Overview 11.2 Market Share Analysis of Top Five Players, 2021 11.3 Revenue Analysis of Top Five Market Players 11.4 Company Evaluation Quadrant 11.4.1 Stars 11.4.2 Pervasive Players 11.4.3 Emerging Leaders 11.4.4 Participants 11.5 Start-Up/Sme Evaluation Quadrant, 2021 11.5.1 Progressive Companies 11.5.2 Responsive Companies 11.5.3 Dynamic Companies 11.5.4 Starting Blocks 11.6 Competitive Benchmarking 11.7 Market: Company Footprint 11.8 Competitive Scenarios and Trends
12 Company Profiles 12.1 Key Players 12.1.1 Yamaha Motor Co. Ltd. 12.1.2 Yanmar Co. Ltd. 12.1.3 Brunswick Corporation 12.1.4 Suzuki Motor Corporation 12.1.5 Honda Motor Co. Ltd. 12.1.6 Caterpillar 12.1.7 Cummins Inc. 12.1.8 Volvo Penta 12.1.9 Deutz Ag 12.1.10 Greaves Cotton Limited 12.1.11 Weichai Power Co. Ltd. 12.1.12 John Deere 12.1.13 Kohler Co. 12.1.14 Tohatsu Corporation 12.1.15 Kirloskar Oil Engines 12.2 Other Players 12.2.1 Oxe Marine Ab 12.2.2 Hyundai Seasall 12.2.3 Mitsubishi Heavy Industries-Vst Diesel Engines 12.2.4 Doosan Infracore 12.2.5 Fpt Industrial
For more information about this report visit https://www.researchandmarkets.com/r/4op1ku
Global Small Marine Engines Market
This has not been a good time for Ford (NYSE: F) stock; its price is down nearly 44% year to date as bad feelings have taken hold among analysts. Ford expects its third-quarter inflation-related supplier costs to run $1 billion higher than expected as a number of high-margin trucks and SUVs, with missing components due to supply shortages. Menawhile, Ford president Jim Farley has reorganized his executive lineup once again.
Musk's Twitter takeover is up in the air, but his leadership style represents many of the qualities the company's founder seems to admire.
Semiconductor stocks have tumbled in recent months amid flagging demand, with the S&P Semiconductors Select Industry Index dropping 36% year to date. Bank of America analysts recently discussed their favorite choices in the sector.
It’s time for Washington to stand up to Boeing—and put an end to the company’s 'profit over safety' mind-set, says former senior manager.
New research based on the life-cycle model says that people should strive for a consistent standard of living through their lives.
The startup commercial-truck maker is setting more modest production expectations as its founder goes to court on securities-fraud charges.
These top-tier companies are begging to be bought following a 34% peak decline in the Nasdaq Composite.
Tesla is streaming its AI Day event live at 9:15PM ET — here's how to tune in.
Many people looking for a new job are rethinking their priorities. In fact, from April 2020 to June 2021, the demand for flexible work arrangements grew at a faster pace than any other work priority, according to LinkedIn's Talent Drivers … Continue reading → The post High-Paying Jobs That Are Expected to Grow Over the Next Decade – 2022 Edition appeared first on SmartAsset Blog.
ASML stock is down over 45% on the fear that there might be a decrease in semiconductor equipment spending.
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures new and old on the cable and wireless industries.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
In the future, your choice of smartphone ecosystem—Android or iPhone—could determine which make and model of car you choose.
Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
U.S. auto sales are seen holding up in the third quarter, as vehicle inventories slowly improve but new headwinds arise. A CarMax demand warning continued to weigh heavily on GM stock and Ford stock Friday.
Exxon is arguing against the push to get energy companies to slow overseas shipments and stash more fuel in storage tanks.
Oil markets were relatively unscathed by Hurricane Ian, but another bullish catalyst is already looming over oil prices
Yahoo Finance's Akiko Fujita discusses Geely's purchase of Aston Martin stock.
(Bloomberg) -- Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsPutin Says Annexation Is Forever, Defends Ukraine Land GrabAmerican companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s
TOKYO (Reuters) -Toyota Motor Corp on Friday lowered its October production target by 6.3% to about 750,000 vehicles because of a shortage of semiconductors. The announcement comes about a week after the world's largest automaker by sales released its production target of about 800,000 vehicles globally for the next month, deepening worries that the chip shortage will continue to stymie production in the second half of the financial year to March 31. The Japanese automaker, however, on Friday said that its 9.7 million vehicle production target for the current financial year has not changed.