| Product Code: ETC12920929 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Philippines witnessed substantial growth in marine propulsion engine imports in 2024, with key suppliers being Japan, China, South Korea, USA, and Singapore. Despite high concentration with HHI remaining elevated, the sector displayed remarkable expansion with a notable CAGR of 45.86% from 2020-2024. The growth momentum continued in 2024 with a growth rate of 44.27% compared to the previous year, indicating a strong demand for marine propulsion engines in the Philippine market.

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 Philippines Marine Propulsion Engines Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Marine Propulsion Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Marine Propulsion Engines Market - Industry Life Cycle |
3.4 Philippines Marine Propulsion Engines Market - Porter's Five Forces |
3.5 Philippines Marine Propulsion Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Marine Propulsion Engines Market Revenues & Volume Share, By Propulsion System, 2021 & 2031F |
3.7 Philippines Marine Propulsion Engines Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.8 Philippines Marine Propulsion Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Marine Propulsion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increase in maritime trade activities in the Philippines |
4.2.2 Growing demand for commercial fishing and tourism activities |
4.2.3 Government initiatives to boost the maritime industry |
4.3 Market Restraints |
4.3.1 High initial investment costs for marine propulsion engines |
4.3.2 Stringent environmental regulations impacting engine choices |
4.3.3 Volatility in fuel prices affecting operational costs |
5 Philippines Marine Propulsion Engines Market Trends |
6 Philippines Marine Propulsion Engines Market, By Types |
6.1 Philippines Marine Propulsion Engines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Marine Propulsion Engines Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Marine Propulsion Engines Market Revenues & Volume, By Fully Electric, 2021 - 2031F |
6.1.4 Philippines Marine Propulsion Engines Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.5 Philippines Marine Propulsion Engines Market Revenues & Volume, By Fuel Cell, 2021 - 2031F |
6.2 Philippines Marine Propulsion Engines Market, By Propulsion System |
6.2.1 Overview and Analysis |
6.2.2 Philippines Marine Propulsion Engines Market Revenues & Volume, By Lithium-Ion, 2021 - 2031F |
6.2.3 Philippines Marine Propulsion Engines Market Revenues & Volume, By Lead-Acid, 2021 - 2031F |
6.2.4 Philippines Marine Propulsion Engines Market Revenues & Volume, By Hydrogen, 2021 - 2031F |
6.3 Philippines Marine Propulsion Engines Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Marine Propulsion Engines Market Revenues & Volume, By Yachts, 2021 - 2031F |
6.3.3 Philippines Marine Propulsion Engines Market Revenues & Volume, By Cargo Ships, 2021 - 2031F |
6.3.4 Philippines Marine Propulsion Engines Market Revenues & Volume, By Submarines, 2021 - 2031F |
6.4 Philippines Marine Propulsion Engines Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Marine Propulsion Engines Market Revenues & Volume, By Leisure Boats, 2021 - 2031F |
6.4.3 Philippines Marine Propulsion Engines Market Revenues & Volume, By Commercial Vessels, 2021 - 2031F |
6.4.4 Philippines Marine Propulsion Engines Market Revenues & Volume, By Military Operations, 2021 - 2031F |
7 Philippines Marine Propulsion Engines Market Import-Export Trade Statistics |
7.1 Philippines Marine Propulsion Engines Market Export to Major Countries |
7.2 Philippines Marine Propulsion Engines Market Imports from Major Countries |
8 Philippines Marine Propulsion Engines Market Key Performance Indicators |
8.1 Average age of marine propulsion engines in the Philippines |
8.2 Adoption rate of eco-friendly propulsion technologies |
8.3 Maintenance and downtime costs for marine propulsion engines |
9 Philippines Marine Propulsion Engines Market - Opportunity Assessment |
9.1 Philippines Marine Propulsion Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Marine Propulsion Engines Market Opportunity Assessment, By Propulsion System, 2021 & 2031F |
9.3 Philippines Marine Propulsion Engines Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.4 Philippines Marine Propulsion Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Marine Propulsion Engines Market - Competitive Landscape |
10.1 Philippines Marine Propulsion Engines Market Revenue Share, By Companies, 2024 |
10.2 Philippines Marine Propulsion Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |