| Product Code: ETC5195382 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Belgium continued to import marine propulsion engines primarily from the USA, Japan, China, Italy, and Metropolitan France. The market showed a high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.9% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -20.45%. This indicates a challenging year for the industry, possibly impacted by various economic factors. Monitoring these trends will be crucial for stakeholders in the marine propulsion engine market.

The Marine Propulsion Engine market in Belgium is projected to grow at a stable growth rate of 2.50% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Belgium Marine Propulsion Engine Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Marine Propulsion Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Marine Propulsion Engine Market - Industry Life Cycle |
3.4 Belgium Marine Propulsion Engine Market - Porter's Five Forces |
3.5 Belgium Marine Propulsion Engine Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Belgium Marine Propulsion Engine Market Revenues & Volume Share, By Ship Type, 2021 & 2031F |
4 Belgium Marine Propulsion Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient propulsion systems in the maritime industry |
4.2.2 Increasing focus on reducing emissions and environmental impact in the marine sector |
4.2.3 Technological advancements leading to the development of more efficient and sustainable marine propulsion engines |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with adopting advanced marine propulsion technologies |
4.3.2 Stringent regulatory requirements and standards for marine emissions control |
4.3.3 Economic downturns affecting the overall demand for new marine propulsion engines |
5 Belgium Marine Propulsion Engine Market Trends |
6 Belgium Marine Propulsion Engine Market Segmentations |
6.1 Belgium Marine Propulsion Engine Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Belgium Marine Propulsion Engine Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.3 Belgium Marine Propulsion Engine Market Revenues & Volume, By Gas Turbine, 2021-2031F |
6.1.4 Belgium Marine Propulsion Engine Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.5 Belgium Marine Propulsion Engine Market Revenues & Volume, By Others, 2021-2031F |
6.2 Belgium Marine Propulsion Engine Market, By Ship Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium Marine Propulsion Engine Market Revenues & Volume, By Cargo or Contanier Ship, 2021-2031F |
6.2.3 Belgium Marine Propulsion Engine Market Revenues & Volume, By Tanker, 2021-2031F |
6.2.4 Belgium Marine Propulsion Engine Market Revenues & Volume, By Bulk Carrier, 2021-2031F |
6.2.5 Belgium Marine Propulsion Engine Market Revenues & Volume, By Offshore Vessel, 2021-2031F |
6.2.6 Belgium Marine Propulsion Engine Market Revenues & Volume, By Passenger Ship, 2021-2031F |
6.2.7 Belgium Marine Propulsion Engine Market Revenues & Volume, By Others, 2021-2031F |
7 Belgium Marine Propulsion Engine Market Import-Export Trade Statistics |
7.1 Belgium Marine Propulsion Engine Market Export to Major Countries |
7.2 Belgium Marine Propulsion Engine Market Imports from Major Countries |
8 Belgium Marine Propulsion Engine Market Key Performance Indicators |
8.1 Adoption rate of energy-efficient marine propulsion systems in Belgium |
8.2 Average age of marine propulsion engines in the Belgian maritime industry |
8.3 Research and development investment in sustainable marine propulsion technologies in Belgium |
9 Belgium Marine Propulsion Engine Market - Opportunity Assessment |
9.1 Belgium Marine Propulsion Engine Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Belgium Marine Propulsion Engine Market Opportunity Assessment, By Ship Type, 2021 & 2031F |
10 Belgium Marine Propulsion Engine Market - Competitive Landscape |
10.1 Belgium Marine Propulsion Engine Market Revenue Share, By Companies, 2024 |
10.2 Belgium Marine Propulsion Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |