Asia Pacific (APAC) Marine Engine Market (2019-2025) | Companies, Share, Size, Revenue, Industry, Growth, Value, Forecast, Outlook, Trends & Analysis

Latest (2023) Development of the  Asia Pacific (APAC) Marine Engine Market

• Introduction of new emission control systems: To comply with global pollution requirements set by International Maritime Organization (IMO) related to emissions from ships operating within waters under jurisdiction; the latest Tier III Marine Diesel Engines being developed by major players here can fulfill these requirements through implementation additional exhaust after-treatment devices like Selective Catalytic Reduction Systems (SCR); thus helping companies gain a competitive advantage when it comes competing upon product portfolio basis.
• Rising electric power boat sales: The increasing popularity of electric boats among recreational users are driving up their sales across the Asia-Pacific region, leading to increased investment in propulsion systems with hybrid or all-electric capabilities. This trend is likely to contribute positively towards the growth of this market during 2021–2027. 
• Growing demand for fuel-efficient and low-emission marine engines: With the introduction of stringent emission regulations, manufacturers in the APAC region are focusing on developing more efficient and low-emission marine engines that meet local and international standards. This is expected to drive the growth of the Asia Pacific marine engine market over the forecast period. 
• Increasing use of advanced technologies such as digitalization and automation: Maritime manufacturers are increasingly adopting various digitalization measures such as artificial intelligence (AI), machine learning (ML), cloud computing, internet of things (IoT), blockchain technology, predictive analytics, big data analytics, etc., to enhance their production processes and operations efficiency while also reducing operational costs associated with manual labor-intensive tasks like operation maintenance & servicing activities for these vessels & marine vehicles driven by internal combustion engines as well as renewable energy sources like solar power & wind energy, etc.; this trend will continue further supporting positive outlook for general maritime segment throughout 2021–2027 timeframe in APAC region.  

Asia Pacific (APAC) Marine Engine Market Synopsis

Modifications and technological advancements in the propulsion engines coupled with the evolution of the tri-fuel technology engines are driving the marine engines market in the Asia Pacific region. Moreover, the rapid increase in urbanization along with the rising levels of disposable income across the developing nations of the region are anticipated to further fuel the growth of the Asia Pacific marine engine market during the forecast period.

According to 6Wresearch, the Asia Pacific (APAC) marine engine market size is anticipated to witness tremendous growth prospects during 2019-2025. The market is likely to witness a high demand pattern for marine propulsion systems over the coming years. Furthermore, China and Japan are the leading countries in the Asia Pacific region to embrace growing demand patterns for marine engines during the forecast period. Moreover, an increase in the inter-border trade in China along with an increase in the shipment industry in the country is propelling demand for the product.

Additionally, as the Government is taking several initiatives towards reducing GHG transmissions and further investing in building inventive schemes to strengthen energy efficiency and make the most use of the power yield, the market for 1000 Hp to 5000 Hp power type marine engine is projected to embrace effective growth patterns during the forecast period.

In terms of power type, the 5,001 – 10,000 hp segment dominates the overall Asia Pacific marine engine market as they are the most widely used engines across containerships, cruise ships, offshore support vessels, tug vessels, chemical carriers, standby and rescue vessels, and cargo vessels. Additionally, holds the largest market share of the Asia Pacific marine engine market.

The Asia Pacific marine engine market report thoroughly covers the market by power, applications, fuel types, and countries including Japan, China, India, Indonesia, Malaysia, Thailand, Australia, and the Rest of Asia Pacific. The marine engine market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific marine engine market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Asia Pacific marine engine market is anticipated to register potential revenues in the coming years on the back of an increase in maritime business activities along with certain regulatory frameworks that are instigating the deployment of technically advanced marine engines. Also, with an increase in import and export coupled with a substantial increase in hi-tech innovation in marine engines is expected to shape the Asia Pacific marine engine market growth in the near timeframe. The imposition of regulatory protocols would, further, accelerate the potential growth of the Asia Pacific marine engine market in the upcoming six years and open vast new investment opportunities for potential investors across various industrial domains. 

Key Highlights of the Report:

• Asia Pacific Marine Engine Market Overview
• Asia Pacific Marine Engine Market Outlook
• Asia Pacific Marine Engine Market Forecast
• Historical Data of Marine Engine Market Revenues for the Period 2015-2018
• Asia Pacific Marine Engine Market Size and Asia Pacific Marine Engine Market Forecast of Revenues, Until 2025
• Historical Data of Asia Pacific Marine Engine Market Revenues, by Power, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Marine Engine Market Revenues, by Power, until 2025
• Historical Data of Asia Pacific Marine Engine Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Marine Engine Market Revenues, By Applications, until 2025
• Historical Data of Asia Pacific Marine Engine Market Revenues, by Fuel, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Marine Engine Market Revenues, by Fuel, until 2025
• Historical Data of Japan Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Japan Marine Engine Market Revenues, until 2025.
• Historical Data of China Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of China Marine Engine Market Revenues, until 2025.
• Historical Data of Indonesia Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Indonesia Marine Engine Market Revenues, until 2025.
• Historical Data of India Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of India Marine Engine Market Revenues, until 2025.
• Historical Data of Malaysia Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Malaysia Marine Engine Market Revenues, until 2025.
• Historical Data of Thailand Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Thailand Marine Engine Market Revenues, until 2025.
• Historical Data of Australia Marine Engine Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Australia Marine Engine Market Revenues, until 2025.
• Market Drivers and Restraints
• Asia Pacific Marine Engine Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Marine Engine Market Share, By Regions
• Asia Pacific Marine Engine Market Share, By Players
• Asia Pacific Marine Engine Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific marine engine market report provides a detailed analysis of the following market segments:

By Power

• Up to 1000 Hp
• 1001 Hp to 5000 Hp
• 5001 Hp to 10000 Hp
• 10001 Hp to 20000 Hp
• Above 20000 Hp

By Applications

• Commercial Vessels
• Offshore Support Vessels
• Other Vessels

By Fuel

• Heavy Fuel Oil
• Intermediate Fuel Oil
• Marine Diesel Oil
• Marine Gas Oil
• Other Fuels

By Key Countries

• Japan
• China
• India
• Indonesia
• Australia
• Thailand
• Malaysia
• Rest of the APAC Region

Frequently Asked Questions About the Market Study (FAQs):