Marine Engines Market by Engine, Type, Power Range, Fuel, Vessel and Region - Global Forecast to 2027 - ResearchAndMarkets.com
The marine engines market is projected to reach USD 13.3 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 2.6% during the forecast period.
- The marine engines market is projected to reach USD 13.3 billion by 2027 from an estimated USD 11.7 billion in 2022, at a CAGR of 2.6% during the forecast period.
- The global marine engines market is driven by the growth in international marine freight transport, aging fleet, and adoption of smart engines for performance and safety.
- The rise of e-commerce and online trade, and rising demand for dual-fuel and hybrid engines are expected to offer lucrative opportunities for the marine engines market during the forecast period.
- The propulsion engine segment held the largest share of the marine engines market.