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Europe Marine Diesel Engine Market Forecast 2026 by Application (Merchant, Offshore, Cruise & Ferry, Navy), Technology (Low Speed, Medium Speed, High Speed), Research Report, Country Outlook (UK, Germany, France, Italy, Norway), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: May 2021 | Publisher: Graphical Research Report ID: GR1828 | Delivery : PDF  Request Free Sample

Europe Marine Diesel Engine Market size is anticipated to grow substantially from 2020 to 2026 on account of rising maritime tourism and increasing ship building activities. Government authorities are enforcing stringent laws to boost the adoption of green fuels however, rising inclination of shipping industry towards system efficiency will drive the market trends. Shifting consumer preference toward diesel engine owing to certain parameters including reliability, cost efficiency and durability will further augment the industry size.

Surging participation in recreational activities followed by accelerating marine tourism is set to increase the dependency on recreational vessels. Several cruise ship producers are making plans to diversify their product spectrum by launching state of art vessel, with enhanced engines intended to provide an improved passenger experience will stimulate the market outlook.

Europe Market, By Technology

High speed marine diesel engine market is poised to witness an upsurge through 2026 owing to rising demand from recreational ships driven by their increased efficiency when compared to the available counterparts. Growing awareness concerning environment pollution along with stricter emission reduction norms across the region may hamper the market demand. However, major players making constant efforts to reduce carbon emission through integration of emission abatement technologies will positively influence the market revenue.

Europe Market, By Application

Merchant application segment will register significant growth till 2026 led by escalating sea borne trade as a result of favorable steps taken by government authorities including export subsidies & low-cost loans. Continuous funding on R&D and increasing focus towards superior product design and advance functioning is set to stimulate the system installation. Moreover, ongoing technological upgradation and integration of scrubber systems focused on offering attractive opportunities for the industry players to tackle the stringent norms laid by government will propel the industry expansion.

Europe Market, By Country

Germany marine diesel engine market is predicted to dominate the revenue share during the forecast period as a result of rise in ship retrofitting activities driven by rigorous government norms towards system efficiency. Accelerating export and import activities and inclination toward exploration activities to meet the surging diesel demand due to Europe being a prominent trading hub will drive the market landscape.

Competitive Industry Landscape

The prominent players operating across the Europe marine diesel engine market include Volvo Penta, Rolls Royce, Wärtsilä, DEUTZ, Brunswick, Cummins, Anglo Belgian Corporation, Caterpillar, Scania, and John Deere amongst others. Prominent manufacturers are emphasizing at forming partnerships, JVs and mergers & acquisitions along with new product launches concerning changes in aesthetics and product designs to reach a wider customer base.
 

Frequently Asked Question(FAQ) :

The industry for marine diesel engine in Europe will record substantial growth between 2020 and 2026 due to surging maritime tourism and ship-building activities.
Merchant application will depict lucrative growth over 2020-2026 owing to flourishing sea borne trade on account of favorable government policies such as low-cost loans and export subsidies.
Germany market share is expected to witness commendable growth propelled by the rise in ship retrofitting activities owing to rigorous government norms regarding system efficiency.
Prominent players in the Europe market are Caterpillar, John Deere, Anglo Belgian Corporation, Rolls Royce, Volvo Penta, DEUTZ, and others.

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