Global Marine Engines Market Forecasts 2020-2025, Featuring Key Players MAN SE, Wartsila, Caterpillar and Volvo
The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.
- The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.
- Due to worldwide lockdowns and lack of demand for cruise and cargo ships, the marine engine market has been highly impacted.
- The marine engines market by segment is categorized into propulsion engine and auxiliary engine.
- Asia-Pacific is expected to be the largest and fastest marine engines market during the forecast period.