European Marine Diesel Engine Market size is projected to witness a lucrative growth till 2026, according to a latest forecast report by Graphical Research.
The European market will witness an upsurge as a result of rapid development of marine transportation propelled by accelerating global sea trade activities. Increasing ship building activities along with escalating need for durable units with increased efficiency & reliability will strengthen the product installation. Additionally, ongoing research and development activities to manufacture diesel engines in compliance with emission control norms is set to augment the business scenario.
The low speed segment is anticipated to experience growth owing to increasing demand for cost efficient units predominantly for long route sea trade activities. Enhanced ability to offer thermal stability along with low cost unit availability will strengthen the product deployment across merchant ships comprising of bulk cargo carriers and tankers. Moreover, increasing tourism and rising disposable income among individuals followed by constant demand for comfort and luxury will ensure wide scale product adoption.
The sudden spread of corona virus has widely influencing the value chain across the marine sector. The overall stagnancy across tourism industry and ban in export & import activities as a result of imposition of lockdown and curfews across the world may hamper the market share. However, partial upliftment of lockdown across several economies along with rising urgency to trade medical essentials via shipping routes will continue to entail the adoption of these units.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
Increasing per capita income among individuals followed by rising standards of living is set to fuel the product deployment primarily across cruise & ferry. Robust growth in marine tourism sector along with increasing demand for leisure and passenger vessels will positively sway the market revenue. Additionally, wide scale adoption of these units in ships driven by surging demand for high volume engines that offers greater efficiency will favor the market statistics.
France marine diesel engine industry share will witness a gain owing to soaring import & export activities coupled with booming sea tourism. Ongoing technological upgradation along with government concern to mitigate carbon emission has led to the launch of emission- abatement technologies which in turn will favor the product installation. Moreover, huge public and private investment toward ship building activities and rising inclination toward strengthening of naval base to achieve national security will positively influence the market trends.
The European marine diesel engine market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
Europe Market, By Technology
- Low Speed
- Medium Speed
- High Speed
Europe Market, By Application
- Container Vessels
- Bulk Carriers
- Gas Carriers
- Drilling Rigs & Ships
- Anchor Handling Vessels
- Offshore Support Vessels
- Floating Production Units
- Platform Supply Vessels
- Cruise & Ferry
- Cruise Vessels
- Passenger Ferries
- Passenger Cargo Vessels
The above information has been provided for the following countries: