Market Forecast By Power Range (Up to 1,000 hp, 1,001 – 5,000 hp, 5,001 – 10,000 hp, 10,001 – 20,000 hp, Above 20,000 hp), By Vessel (Commercial, Offshore support, Others), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, Others), By Engine (Propulsion, Auxiliary), By Type (Two-stroke, Four-stroke) And Competitive Landscape
Product Code: ETC049635 | Publication Date: Jan 2021 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, France was the largest exporter in terms of value, followed by Germany. It has registered a growth of 15.53% over the previous year. While Germany registered a decline of -30.71% as compared to the previous year. In the year 2017, France was the largest exporter followed by Sweden. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1847 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2165 which signifies moderately concentrated in the market.
The Australia Marine Engines Market report thoroughly covers the market by power range, by vessel, by fuel, by engine, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Australia Marine Engines Market is projected to grow massively, with several key drivers propelling this growth. Increasing consumer demand, particularly from the tourism sector, has led to an increased need for powerful and fuel-efficient engines that are suitable for recreational boats and luxury yachts. Moreover, technological advancement has also enabled the production of smaller yet efficient designs, enabling operation at greater speeds while meeting stringent environmental regulations. The trend towards electrification is also gaining traction due to growing concerns over climate change, many companies have started developing electric-powered marine engines that produce minimal emissions.
Australia Marine Engines Market plays a significant role in the country's maritime industry. The demand for fuel-efficient and more eco-friendly engines, as well as rising investments in shipbuilding activities, increases in marine tourism, and the use of alternative fuels such as LNG or hydrogen, will cause growth in this sector. Furthermore, with its extensive coastlines and strong port infrastructure connecting it to countries in Asia-Pacific, Australia is well placed to take advantage of the global marine market dynamics.
According to 6Wresearch, the Australia Marine Engines Market is projected to grow massively during the forecast period 2020-2206. The increase in maritime trade and rising demand for recreational boating are creating ample growth opportunities for the Australia Marine Engines Industry. Also, the trend of adopting hybrid propulsion systems is providing lucrative opportunities to the market players. However, high initial investment costs and a lack of skilled professionals are expected to hinder the Australia Marine Engines Market Growth. In addition, short-term disruptions due to the COVID-19 pandemic have impacted the supply chain as well as the fall in demand from certain end-users.
The pandemic has had a notable impact on the Australia Marine Engines Market Size, leading to a significant drop in demand due to its effects on global trade and shipping. Lockdowns, travel restrictions, and border closures caused disruptions in supply chains, delaying the procurement of raw materials and parts for production. Apart from this, the quarantine measures imposed on various nations led to fewer vessels running globally thus, reducing demand for new marine engines as well as maintenance services.
Australia Marine Engines Market which is a major part of the Asia Pacific Marine Engines Market is highly competitive with various key players vying for market share. Some of them include;
In terms of Engine, the propulsion engines are used for main propulsion and they are responsible for generating power to propel the vessel. On the other hand, the auxiliary marine engines are used for generators, powering onboard systems, and pumps.
According to Dhaval, Research Manager, 6Wresearch, the Two-Stroke segment includes marine engines that operate on a two-stroke cycle. They provide a high power-to-weight ratio and greater efficiency. The four-Stroke segment is known for its smoother operation and lower emissions. Both these types are growing at a rapid pace owing to their specialized features.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Marine Engines Market Overview |
3.1 Australia Marine Engines Market Revenues & Volume, 2016 - 2026F |
3.2 Australia Marine Engines Market - Industry Life Cycle |
3.3 Australia Marine Engines Market - Porter's Five Forces |
3.4 Australia Marine Engines Market Revenues & Volume Share, By Power Range, 2019 & 2026F |
3.5 Australia Marine Engines Market Revenues & Volume Share, By Vessel, 2019 & 2026F |
3.6 Australia Marine Engines Market Revenues & Volume Share, By Fuel, 2019 & 2026F |
3.7 Australia Marine Engines Market Revenues & Volume Share, By Engine, 2019 & 2026F |
3.8 Australia Marine Engines Market Revenues & Volume Share, By Type, 2019 & 2026F |
4 Australia Marine Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Marine Engines Market Trends |
6 Australia Marine Engines Market Segmentation |
6.1 Australia Marine Engines Market, By Power Range |
6.1.1 Overview and Analysis |
6.1.2 Australia Marine Engines Market Revenues & Volume, By Power Range, 2016 - 2026F |
6.1.3 Australia Marine Engines Market Revenues & Volume, By Up to 1,000 hp, 2016 - 2026F |
6.1.4 Australia Marine Engines Market Revenues & Volume, By 1,001 - 5,000 hp, 2016 - 2026F |
6.1.5 Australia Marine Engines Market Revenues & Volume, By 5,001 - 10,000 hp, 2016 - 2026F |
6.1.6 Australia Marine Engines Market Revenues & Volume, By 10,001 - 20,000 hp, 2016 - 2026F |
6.1.7 Australia Marine Engines Market Revenues & Volume, By Above 20,000 hp, 2016 - 2026F |
6.2 Australia Marine Engines Market, By Vessel |
6.2.1 Overview and Analysis |
6.2.2 Australia Marine Engines Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.2.3 Australia Marine Engines Market Revenues & Volume, By Offshore support, 2016 - 2026F |
6.2.4 Australia Marine Engines Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 Australia Marine Engines Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 Australia Marine Engines Market Revenues & Volume, By Heavy Fuel Oil, 2016 - 2026F |
6.3.3 Australia Marine Engines Market Revenues & Volume, By Intermediate Fuel Oil, 2016 - 2026F |
6.3.4 Australia Marine Engines Market Revenues & Volume, By Marine Diesel Oil, 2016 - 2026F |
6.3.5 Australia Marine Engines Market Revenues & Volume, By Marine Gas Oil, 2016 - 2026F |
6.3.6 Australia Marine Engines Market Revenues & Volume, By Others, 2016 - 2026F |
6.4 Australia Marine Engines Market, By Engine |
6.4.1 Overview and Analysis |
6.4.2 Australia Marine Engines Market Revenues & Volume, By Propulsion, 2016 - 2026F |
6.4.3 Australia Marine Engines Market Revenues & Volume, By Auxiliary, 2016 - 2026F |
6.5 Australia Marine Engines Market, By Type |
6.5.1 Overview and Analysis |
6.5.2 Australia Marine Engines Market Revenues & Volume, By Two-stroke, 2016 - 2026F |
6.5.3 Australia Marine Engines Market Revenues & Volume, By Four-stroke, 2016 - 2026F |
7 Australia Marine Engines Market Import-Export Trade Statistics |
7.1 Australia Marine Engines Market Export to Major Countries |
7.2 Australia Marine Engines Market Imports from Major Countries |
8 Australia Marine Engines Market Key Performance Indicators |
9 Australia Marine Engines Market - Opportunity Assessment |
9.1 Australia Marine Engines Market Opportunity Assessment, By Power Range, 2019 & 2026F |
9.2 Australia Marine Engines Market Opportunity Assessment, By Vessel, 2019 & 2026F |
9.3 Australia Marine Engines Market Opportunity Assessment, By Fuel, 2019 & 2026F |
9.4 Australia Marine Engines Market Opportunity Assessment, By Engine, 2019 & 2026F |
9.5 Australia Marine Engines Market Opportunity Assessment, By Type, 2019 & 2026F |
10 Australia Marine Engines Market - Competitive Landscape |
10.1 Australia Marine Engines Market Revenue Share, By Companies, 2022 |
10.2 Australia Marine Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |