The report “Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region – Global forecast to 2021” published by MarketsandMarkets, the global market is expected to grow from an estimated USD 11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%.
Growth in the Marine Engines Market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.
Asia-Pacific will dominate the Marine Engines Market
