Global Small Marine Engine Market (2022 to 2027)

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DUBLIN, October 7, 2022 /PRNewswire/ — The “Small Marine Engine Market by Model (Gasoline, Diesel, Electric), Placement (Outboard, Inboard), Application (Pleasure Boats, Support Vessels, Coastal Boats, Fishing Boats) , displacement (up to 2L, 2-4L, 4-6L) and region – The Global Forecast to 2027 report has been added to from ResearchAndMarkets.com offer.

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The Global Small Marine Engine Market is Expected to Reach $10.3 billion by 2027 based on an estimate $7.8 billion in 2022, at a CAGR of 5.5% from 2022 to 2027.

The growth of the small marine engine market is commensurate with the growth of the shipbuilding industry. Apart from this, an increase in fishing activities and increasing investment in oil and gas exploration has led to the increased use of support vessels and barges. They require small marine engines for propulsion and hence the market is expected to witness growth in demand over the forecast period.

Diesel: the fastest growing segment by model in the small marine engine market

According to the model, diesel-based small marine engines are expected to take the largest share of the small marine engine market. Diesel engines are used in marine vehicles such as boats, ships, and submarines. Diesel engines are significantly more expensive than gasoline engines because they are built to tighter tolerances and can take a lot more abuse than their gasoline counterparts.

Diesel engines, when maintained properly, can give 6,000 to 8,000 hours of good use before needing a major overhaul. This means that some diesel engines can easily last the lifetime of the boat. Most boaters prefer diesel due to its durability. Other reasons include safety and/or economy. Diesel fuel is not as volatile as gasoline and does not explode.

Outboard: Largest segment by placement in the small marine engine market

The small marine engine market has been segmented into outboard, inboard and others. Others include rear-wheel drive and jet engines. The main difference between an inboard motor and an outboard motor is their placement in the boat. Outboard motors can be used flexibly and are commonly used for fishing, water sports and boating.

Most boats are equipped with outboard motors, due to their ease of use and low maintenance costs. Outboard motors are found primarily on pontoons, aluminum boats, bass boats, bowriders, small cruisers, and some high performance offshore speed and fishing boats. Boats that are used for recreational cruising or fishing are more likely to have outboard motors as the benefits are greater in this setting.

Asia Pacific: The fastest growing region in the small marine engine market

Asia Pacific is expected to be the fastest growing region due to increased fishing and recreational activities in countries such as China, Indiaand Japan. As oil and gas exploration and production activities accelerate, the demand for support vessels is expected to increase, leading to growth in demand for small marine propulsion systems.

The demand for small marine engines in the defense sector is also expected to increase due to the ongoing territorial disputes between countries such as China, The Philippines, North Korea, Japan, India, Vietnam, Pakistanand Afghanistanthus boosting the marine engine market in the region. Asia Pacific offers huge opportunities for the small marine engine market as the region includes a large number of developing countries which represent huge business opportunities.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium previews
4.1 Attractive Opportunities for Small Marine Engines Market Players
4.2 Market, by Region
4.3 North America: Market, by Model and Country, 2021
4.4 Market, by model
4.5 Market, per trip
4.6 Market, by investment
4.7 Outboard Motors Market, By Model
4.8 Inboard Market, By Model
4.9 Others Market, By Model
4.10 Market, by Application

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in demand for outdoor recreation and personal mobility
5.2.1.2 Growth of the fishing industry
5.2.1.3 Focus on coastal security and defense
5.2.2 Constraints
5.2.2.1 Strict environmental regulations for decarbonization
5.2.2.2 Lack of maritime infrastructure in developing economies
5.2.3 Opportunities
5.2.3.1 Increased installation of offshore energy facilities
5.2.3.2 Growing investments in electrification projects for marine applications
5.2.4 Challenges
5.2.4.1 High delays
5.3 Trends/disruptions affecting customer business
5.3.1 Revenue Shift and New Revenue Pockets for Small Marine Engine Suppliers
5.4 Market map
5.5 Value chain analysis
5.6 Technology Analysis
5.6.1 Small marine engines connected to IoT
5.6.2 Dual-fuel and hybrid small marine engines
5.7 Price Analysis
5.7.1 Average selling prices of small marine engines, by displacement
5.8 Key Conferences and Events, 2022-2023
5.9 Pricing and regulatory landscape
5.9.1 Tariffs related to small marine engines
5.10 Business Analysis
5.11 Innovations and patent filings
5.12 Porter’s Five Forces Analysis
5.13 Key Players and Purchase Criteria
5.14 Purchase Criteria
5.15 Analysis of case studies
5.15.1 Yanmar launches marine engines for fishing boats
5.15.1.1 Problem Statement: March 2020
5.15.1.2 Solutions
5.15.2 Yanmar provides marine diesel engines for reliable and smooth operations
5.15.2.1 Problem statement: September 2021
5.15.2.2 Solutions

6 Small Marine Engine Market, By Model
6.1 Presentation
6.2 Diesel fuel
6.2.1 Offers the advantage of high tolerance
6.3 Gasoline
6.3.1 Requires low purchase and replenishment costs
6.4 Electrical
6.4.1 Offers a reduction in environmental risks and noise

7 Small Marine Engines Market, By Displacement
7.1 Presentation
7.2 Up to 2L
7.2.1 Used in sport fishing boats
7.3 2-4L
7.3.1 Used for ships sailing on inland waters
7.4 4-6L
7.4.1 Provides the benefits of energy efficiency and low maintenance costs

8 Small Marine Engine Market, By Placement
8.1 Presentation
8.2 Outboard
8.2.1 Are easy to use and require little maintenance
8.3 Interior
8.3.1 Designed for vessels requiring high horsepower and torque

9 Small Marine Engines Market, by Application
9.1 Presentation
9.2 Pleasure boats
9.2.1 Boats
9.2.1.1 Mainly driven by small inboard marine engines
9.2.2 Cruise ships
9.2.2.1 Requires less maintenance
9.2.3 Others
9.3 Support vessels
9.3.1 Fire boats
9.3.1.1 Mainly operated by small marine diesel engines
9.3.2 Lifeboats
9.3.2.1 Use small gasoline-powered outboard marine engines
9.3.3 Others
9.4 Coastal vessels
9.4.1 Patrollers
9.4.1.1 Used to carry out rescue operations and provide coastal security
9.4.2 Others
9.5 Fishing vessels
9.5.1 Increased Global Fish Production to Drive Market
9.6 Others

10 Small Marine Engines Market, by Region

11 Competitive Landscape
11.1 Small Marine Engines Market Overview
11.2 Top Five Players Market Share Analysis, 2021
11.3 Top Five Market Players Revenue Analysis
11.4 Business Rating Quadrant
11.4.1 Stars
11.4.2 Ubiquitous Players
11.4.3 Emerging Leaders
11.4.4 Participants
11.5 Startups/SMEs Assessment Quadrant, 2021
11.5.1 Progressive companies
11.5.2 Sensitive companies
11.5.3 Dynamic companies
11.5.4 Starting Blocks
11.6 Competitive Benchmarking
11.7 Market: Company Footprint
11.8 Competitive Scenarios and Trends

12 company profiles
12.1 Key Players
12.1.1 Yamaha Motor Co. Ltd.
12.1.2 Yanmar Co.Ltd.
12.1.3 Brunswick Society
12.1.4 Suzuki Motor Corporation
12.1.5 Honda Motor Co. Ltd.
12.1.6 Caterpillar
12.1.7 Cummins Inc.
12.1.8 Volvo Penta
12.1.9 Deutz AG
12.1.10 Greaves Cotton Limited
12.1.11 Weichai Power Co.Ltd.
12.1.12 John Deere
12.1.13 Kohler Co.
12.1.14 Tohatsu Corporation
12.1.15 Kirloskar Oil Engines
12.2 Other Players
12.2.1 Ab Ox Marine
12.2.2 Hyundai Seasall
12.2.3 Mitsubishi Heavy Industries-Vst Diesel Engines
12.2.4 Doosan Infracore
12.2.5 Fpt Industrial

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/lnav4i

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