Australia Marine Engines Market (2020-2026) | Trends, Value, Industry, COVID-19 IMPACT, Analysis, Size, Revenue, Share, Growth, Outlook, Companies & Forecast

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

Australia Marine Engines Market Competition 2023


Australia Export Potential Assessment For Marine Engines Market (USD Values in Thousand)


Australia Marine Engines Market | Country-Wise Share and Competition Analysis

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.

Australia Marine Engines Market - Export Market OpportunitiesTopics Covered in the Australia Marine Engines 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.

Latest (2023) Development of the Australia Marine Engines Market

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 Synopsis

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.

COVID-19 Impact on the Australia Marine Engines Market

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.

Key players in the Australia Marine Engines Market

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;

  • Caterpillar Inc.
  • Cummins Inc.
  • MTU Friedrichshafen GmbH
  • Volvo Penta AB
  • Yanmar Co. Ltd.
  • Wartsila Corporation
  • MAN Energy Solutions SE
  • Deutz AG

Market Analysis by Engine

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.

Market Analysis by Type

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.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Reports:

  • Australia Marine Engines Market Outlook
  • Market Size of Australia Marine Engines Market, 2019
  • Forecast of Australia Marine Engines Market, 2026
  • Historical Data and Forecast of Australia Marine Engines Revenues & Volume for the Period 2016 - 2026
  • Australia Marine Engines Market Trend Evolution
  • Australia Marine Engines Market Drivers and Challenges
  • Australia Marine Engines Price Trends
  • Australia Marine Engines Porter's Five Forces
  • Australia Marine Engines Industry Life Cycle
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Power Range for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Up to 1,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By 1,001 ? 5,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By 5,001 ? 10,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By 10,001 ? 20,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Above 20,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Vessel for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Offshore support for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Fuel for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Heavy Fuel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Intermediate Fuel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Marine Diesel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Marine Gas Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Engine for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Propulsion for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Auxiliary for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Two-stroke for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Marine Engines Market Revenues & Volume By Four-stroke for the Period 2016 - 2026
  • Australia Marine Engines Import Export Trade Statistics
  • Market Opportunity Assessment By Power Range
  • Market Opportunity Assessment By Vessel
  • Market Opportunity Assessment By Fuel
  • Market Opportunity Assessment By Engine
  • Market Opportunity Assessment By Type
  • Australia Marine Engines Top Companies Market Share
  • Australia Marine Engines Competitive Benchmarking By Technical and Operational Parameters
  • Australia Marine Engines Company Profiles
  • Australia Marine Engines Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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
Australia Marine Engines Market: FAQs
Increasing demand for fuel-efficient engines, growth in the tourism sector, and the potential for the adoption of sustainable engine technologies are the major growth opportunities in the Australia Marine Engines Market.
The growth in the maritime transport industry, the expansion of the fishing sectors, and the increasing demand for recreational boating are the factors fueling growth in the Australia Marine Engines Market.
The stringent environmental regulations, fluctuating fuel prices, and competition from alternative propulsion systems are some restraining factors in the market.
The future outlook for the Australia Marine Engines Market is positive, driven by growing demand for marine transportation and the need for more efficient and sustainable propulsion systems.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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
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