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舶用推進エンジンの市場規模、シェア、動向、予測：エンジンタイプ、動力源、出力範囲、船舶タイプ、地域別、2025～2033年

Marine Propulsion Engine Market Size, Share, Trends and Forecast by Engine Type, Power Source, Power Range, Vessel Type, and Region, 2025-2033

出版日
発行
IMARC
ページ情報
英文 135 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=149.25円
舶用推進エンジンの市場規模、シェア、動向、予測：エンジンタイプ、動力源、出力範囲、船舶タイプ、地域別、2025～2033年
出版日: 2025年08月01日
発行: IMARC
ページ情報: 英文 135 Pages
納期: 2～3営業日
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  • 概要
  • 図表
  • 目次
概要

舶用推進エンジンの世界市場規模は、2024年に396億米ドルとなりました。今後、IMARC Groupは、2033年には477億2,000万米ドルに達し、2025年から2033年にかけて2.14％のCAGRを示すと予測しています。現在、アジア太平洋地域が市場を独占しており、2024年には約43.2%という大きな市場シェアを占めています。この市場を牽引しているのは、環境関連法の強化や、LNG、バイオ燃料、水素といった代替燃料の使用増加に先導され、省エネルギーで環境に優しいソリューションへの要求が高まっていることです。炭素回収ソリューションやスマートシッピングなどの技術の進歩が、市場拡大をさらに後押ししています。

舶用推進エンジン市場は、海運セクターにおけるエネルギー効率の高いソリューションに対するニーズの高まりが大きな要因となっています。これに伴い、二酸化炭素排出量を最小限に抑えることが重視されるようになり、従来の化石燃料を動力とするエンジンに代わる、よりクリーンな推進力を提供する電気システムやハイブリッドシステムなどのグリーン推進技術の利用が進んでいます。2025年4月10日、MANエナジーソリューションズは、海上での炭素回収・貯留（CCS）プロジェクトにMAN 175Dエンジンが採用されたことを発表しました。このエンジンは、船舶から排出されるCO2を回収し、海洋事業の環境持続可能性を促進するために使用されるシステムの一部となります。この一歩は、海運業界における規制遵守と二酸化炭素排出量削減のために、最先端技術が受け入れられつつあることを示すものです。市場は、LNG、バイオ燃料、水素などの代替燃料源へのシフトを目の当たりにしており、成長の勢いをさらに後押しする重要な舶用推進エンジン市場促進要因の一つとなっています。スマートセンサーや自律制御システムによるエンジン性能の向上や燃料消費量の低減など、インテリジェントな船舶技術の進歩も成長に拍車をかけています。

米国は重要な地域市場であり、環境に優しい海運ソリューションの利用が拡大し、海運排出量削減への圧力が高まっています。これに伴い、水素エンジン船やバイオ燃料エンジンなど、環境に優しい推進技術の進歩が市場の拡大に寄与しています。さらに、米国政府による海運業界に対するより厳しい環境規制の実施は、より効率的で環境に優しい推進システムへの需要を生み出し、市場にプラスの影響を与えています。舶用推進エンジン市場の需要拡大には、コンテナ船やばら積み貨物船の大型化を必要とする国際貿易の増加も寄与しています。米国カミンズは2025年3月6日、メタノール対応の新型舶用エンジンについて、DNV（デット・ノルスケ・ベリタス）の原則承認を取得したと発表しました。このエンジンは、海運業界のより持続可能な燃料源への移行を支援するために設計されました。この承認は、世界の海運船隊が排出ガスを削減し、よりクリーンな代替エネルギーに移行できるようにするための重要な一歩となります。燃料効率向上による運航コスト削減への関心の高まりも、市場の原動力となっています。このほか、世界の脱炭素化への取り組みや国際的な海事基準への準拠への関心の高まりも、代替燃料やよりクリーンな推進システムの利用を後押ししています。

舶用推進エンジン市場動向：

世界貿易の成長

グローバリゼーションと工業化による国際貿易の増加は、特にコンテナ船向けの舶用推進エンジンの需要を大幅に押し上げています。UNCTADによると、2024年の世界貿易は過去最高の33兆米ドルに達し、前年比3.7％、1兆2,000億米ドル増加しました。この増加のうち、サービスが主な牽引役となり9％増加した一方、商品貿易は2％増加し、世界貿易額に5,000億米ドルが追加されました。このような貿易の力強い成長は、特に石油・天然ガス・鉱石・消費者製品などの商品を運ぶ船舶の海上輸送能力の拡張を必要とし、これは主要な舶用推進エンジン市場の成長要因のひとつです。より多くの商品が世界的に取引されるようになるにつれ、より大型で効率的な船隊の必要性が高まり、市場をさらに牽引しています。

エネルギー効率と持続可能なソリューションに対する需要の高まり

化石燃料消費の削減とエネルギー効率の向上が重視されるようになり、船舶業界では船舶用電気推進エンジンの採用が増加しています。このことは、COP29において、2030年までにエネルギー効率投資を3倍の年間1兆8,000億米ドルに増やし、改善率を1％から4％に高めることを目標とする連合が呼びかけられたことからも明らかです。エネルギー効率への関心の高まりは、原子力推進や液化天然ガス（LNG）エンジンなど、海洋分野における持続可能な推進技術の採用を加速させています。このような持続可能性の追求は、気候変動の影響を緩和するのに役立つだけでなく、世界中で施行されているより厳しい環境規制にも合致しています。

技術の進歩と代替燃料の採用

舶用推進エンジンの市場分析によると、技術の進歩に伴い、舶用推進エンジンへの代替燃料の採用が加速しています。これにはバイオメタンや藻類油などの燃料が含まれ、排ガス削減や持続可能性の向上に貢献しています。さらに、シェルのLNGアウトルック2025では、世界のLNG需要は2040年までに約60％増加し、年間6億3,000万～7億1,800万トンに達すると予測しています。LNGの利用拡大は、よりクリーンな技術の推進とともに、舶用推進エンジン市場の変革に極めて重要な役割を果たしています。この動向は、次世代タンカーの貨物積載能力を向上させる船舶推進エンジンの効率改善への継続的な取り組みにも支えられています。LNGのような代替燃料がより広く使用されるようになるにつれ、推進機関の背後にある技術も進化し、より高度な燃料システムを統合し、燃料効率をさらに向上させる必要があります。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

第5章 世界の舶用推進エンジン市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：エンジンタイプ別

  • 2ストロークエンジン
  • 4ストロークエンジン

第7章 市場内訳：動力別

  • ディーゼル
  • ガスタービン
  • 天然ガス
  • 蒸気タービン
  • 燃料電池
  • その他

第8章 市場内訳：出力範囲別

  • 80～750HP
  • 751-5000HP
  • 5001～10,000馬力
  • 10,001～20,000馬力
  • 20,000HP以上

第9章 市場内訳：船舶タイプ別

  • バルクキャリア
  • コンテナ船
  • 旅客船
  • 支援船
  • タンカー
  • ガス運搬船
  • 軍艦
  • その他

第10章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ

第11章 SWOT分析

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • AB Volvo
    • Caterpillar Inc.
    • Cummins Inc.
    • Fairbanks Morse
    • Hyundai Heavy Industries Group
    • Man SE（Volkswagen Group）
    • Masson Marine
    • Mitsubishi Heavy Industries Ltd.
    • Rolls-Royce Plc
    • Wartsila Oyj Abp
図表

List of Figures

  • Figure 1: Global: Marine Propulsion Engine Market: Major Drivers and Challenges
  • Figure 2: Global: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Marine Propulsion Engine Market: Breakup by Engine Type (in %), 2024
  • Figure 4: Global: Marine Propulsion Engine Market: Breakup by Power Source (in %), 2024
  • Figure 5: Global: Marine Propulsion Engine Market: Breakup by Power Range (in %), 2024
  • Figure 6: Global: Marine Propulsion Engine Market: Breakup by Vessel Type (in %), 2024
  • Figure 7: Global: Marine Propulsion Engine Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 9: Global: Marine Propulsion Engine (2-Stroke Engine) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 10: Global: Marine Propulsion Engine (2-Stroke Engine) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 11: Global: Marine Propulsion Engine (4-Stroke Engine) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 12: Global: Marine Propulsion Engine (4-Stroke Engine) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 13: Global: Marine Propulsion Engine (Diesel) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 14: Global: Marine Propulsion Engine (Diesel) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 15: Global: Marine Propulsion Engine (Gas Turbine) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 16: Global: Marine Propulsion Engine (Gas Turbine) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 17: Global: Marine Propulsion Engine (Natural Gas) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 18: Global: Marine Propulsion Engine (Natural Gas) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 19: Global: Marine Propulsion Engine (Steam Turbine) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 20: Global: Marine Propulsion Engine (Steam Turbine) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 21: Global: Marine Propulsion Engine (Fuel Cell) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 22: Global: Marine Propulsion Engine (Fuel Cell) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 23: Global: Marine Propulsion Engine (Other Power Sources) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 24: Global: Marine Propulsion Engine (Other Power Sources) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 25: Global: Marine Propulsion Engine (80-750 HP) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 26: Global: Marine Propulsion Engine (80-750 HP) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 27: Global: Marine Propulsion Engine (751-5000 HP) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 28: Global: Marine Propulsion Engine (751-5000 HP) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 29: Global: Marine Propulsion Engine (5001-10,000 HP) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 30: Global: Marine Propulsion Engine (5001-10,000 HP) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 31: Global: Marine Propulsion Engine (10,001-20,000 HP) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 32: Global: Marine Propulsion Engine (10,001-20,000 HP) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 33: Global: Marine Propulsion Engine (Above 20,000 HP) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 34: Global: Marine Propulsion Engine (Above 20,000 HP) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 35: Global: Marine Propulsion Engine (Bulk Carriers) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 36: Global: Marine Propulsion Engine (Bulk Carriers) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 37: Global: Marine Propulsion Engine (Container Ships) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 38: Global: Marine Propulsion Engine (Container Ships) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 39: Global: Marine Propulsion Engine (Passenger Ships) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 40: Global: Marine Propulsion Engine (Passenger Ships) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 41: Global: Marine Propulsion Engine (Support Vessels) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 42: Global: Marine Propulsion Engine (Support Vessels) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 43: Global: Marine Propulsion Engine (Tankers) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 44: Global: Marine Propulsion Engine (Tankers) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 45: Global: Marine Propulsion Engine (Gas Carriers) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 46: Global: Marine Propulsion Engine (Gas Carriers) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 47: Global: Marine Propulsion Engine (Military Vessels) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 48: Global: Marine Propulsion Engine (Military Vessels) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 49: Global: Marine Propulsion Engine (Others Vessel Types) Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 50: Global: Marine Propulsion Engine (Others Vessel Types) Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 51: North America: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 52: North America: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 53: United States: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 54: United States: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 55: Canada: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 56: Canada: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 57: Asia Pacific: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 58: Asia Pacific: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 59: China: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 60: China: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 61: Japan: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 62: Japan: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 63: India: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 64: India: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 65: South Korea: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 66: South Korea: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 67: Australia: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 68: Australia: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 69: Indonesia: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 70: Indonesia: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 71: Others: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 72: Others: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 73: Europe: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 74: Europe: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 75: Germany: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 76: Germany: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 77: France: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 78: France: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 79: United Kingdom: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 80: United Kingdom: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 81: Italy: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 82: Italy: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 83: Spain: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 84: Spain: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 85: Russia: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 86: Russia: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 87: Others: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 88: Others: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 89: Latin America: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 90: Latin America: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 91: Brazil: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 92: Brazil: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 93: Mexico: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 94: Mexico: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 95: Others: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 96: Others: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 97: Middle East and Africa: Marine Propulsion Engine Market: Sales Value (in Billion USD), 2019 & 2024
  • Figure 98: Middle East and Africa: Marine Propulsion Engine Market: Breakup by Country (in %), 2024
  • Figure 99: Middle East and Africa: Marine Propulsion Engine Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 100: Global: Marine Propulsion Engine Industry: SWOT Analysis
  • Figure 101: Global: Marine Propulsion Engine Industry: Value Chain Analysis
  • Figure 102: Global: Marine Propulsion Engine Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Marine Propulsion Engine Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Marine Propulsion Engine Market Forecast: Breakup by Engine Type (in Billion USD), 2025-2033
  • Table 3: Global: Marine Propulsion Engine Market Forecast: Breakup by Power Source (in Billion USD), 2025-2033
  • Table 4: Global: Marine Propulsion Engine Market Forecast: Breakup by Prower Range (in Billion USD), 2025-2033
  • Table 5: Global: Marine Propulsion Engine Market Forecast: Breakup by Vessel Type (in Billion USD), 2025-2033
  • Table 6: Global: Marine Propulsion Engine Market Forecast: Breakup by Region (in Billion USD), 2025-2033
  • Table 7: Global: Marine Propulsion Engine Market Structure
  • Table 8: Global: Marine Propulsion Engine Market: Key Players
目次
Product Code: SR112025A3261

The global marine propulsion engine market size was valued at USD 39.60 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 47.72 Billion by 2033, exhibiting a CAGR of 2.14% during 2025-2033. Asia Pacific currently dominates the market, holding a significant market share of around 43.2% in 2024. The market is driven by the growing requirement for energy-saving, environmentally friendly solutions, spearheaded by stricter environmental laws and increasing use of alternative fuels such as LNG, biofuels, and hydrogen. Advances in technology, including carbon capture solutions and smart shipping, are further driving market expansion.

The marine propulsion engine market is largely fueled by the increasing need for energy-efficient solutions in the shipping sector, as nations increasingly tighten environmental regulations to limit maritime emissions. In tandem with this, the rising emphasis on minimizing carbon footprints is driving the use of green propulsion technologies like electric and hybrid systems, which provide cleaner alternatives to conventional fossil fuel-powered engines. On April 10, 2025, MAN Energy Solutions made an announcement on the selection of its MAN 175D engines for a carbon capture and storage (CCS) project at sea. The engines will be part of a system used for the capture of ships' CO2 emissions and the promotion of marine operations' environmental sustainability. This step is an indication of the increasing acceptance of cutting-edge technologies in the shipping industry for regulatory compliance and curtailing the carbon footprint of the industry. The market is witnessing a shift toward substitute fuel sources such as LNG, biofuels, and hydrogen, one of the essential marine propulsion engine market drivers that further boosts the growth momentum. The advances being made in intelligent shipping technologies as smart sensors and autonomous control systems improve engine performance and lower fuel consumption are also spurring growth.

The United States is a significant regional market, led by the growing use of environmentally friendly shipping solutions and the mounting pressure to lower maritime emissions. In line with this, advancements in green propulsion technologies such as hydrogen-powered vessels and biofuel-driven engines are contributing to the market's expansion. Moreover, the U.S. government's implementation of stricter environmental regulations for the shipping industry is creating a demand for more efficient and eco-friendly propulsion systems, positively impacting the. The growing marine propulsion engine market demand is also fueled by increasing international trade, which necessitates a larger fleet of container ships and bulk carriers. On March 6, 2025, U.S.-based Cummins announced that it had received DNV (Det Norske Veritas) approval in principle for its new methanol-ready marine engine. This engine is designed to support the shipping industry's transition to more sustainable fuel sources. The approval marks a significant step toward enabling global shipping fleets to reduce emissions and move toward cleaner energy alternatives in the marine sector. The growing interest in reducing operational costs by improving fuel efficiency is also acting as a driving force for the market. Besides this, the increasing focus on the global decarbonization efforts and compliance with international maritime standards is encouraging the use of alternative fuels and cleaner propulsion systems.

Marine Propulsion Engine Market Trends:

Growth in Global Trade

The rising international trade due to globalization and industrialization is significantly boosting the demand for marine propulsion engines, particularly for container ships. According to UNCTAD, global trade reached an all-time high of USD 33 Trillion in 2024, growing by 3.7% or USD 1.2 Trillion compared to the previous year. Of this increase, services were the main driver, rising by 9%, while goods trade saw a 2% increase, adding USD 500 Billion to the global trade volume. This robust growth in trade necessitates the expansion of marine transportation capabilities, especially for vessels carrying goods such as oil, natural gas, mineral ores, and consumer products-which is one of the major marine propulsion engine market growth factors,. As more goods are traded globally, there is an increasing need for larger and more efficient shipping fleets, driving the market further.

Rising Demand for Energy Efficiency and Sustainable Solutions

With a growing emphasis on reducing fossil fuel consumption and improving energy efficiency, the marine industry is increasingly adopting marine electric propulsion engines. This is further evidenced by a coalition at COP 29 that called for tripling energy efficiency investments to USD 1.8 Trillion annually by 2030, with the goal of increasing improvement rates from 1% to 4%. The rising focus on energy efficiency is accelerating the adoption of sustainable propulsion technologies in the marine sector, including nuclear propulsion and liquefied natural gas (LNG) engines, which are increasingly seen as more environmentally friendly alternatives to traditional fuel-powered engines. This push for sustainability not only helps to mitigate climate change impacts but also aligns with stricter environmental regulations being enforced across the globe.

Technological Advancements and Adoption of Alternative Fuels

According to the marine propulsion engine market analysis, the adoption of alternative fuels for marine propulsion engines is gaining momentum as technology continues to advance. These include fuels such as bio-methane and algal oils, which contribute to reducing exhaust gas emissions and enhancing sustainability. Furthermore, Shell's LNG Outlook 2025 projects that global LNG demand will increase by approximately 60% by 2040, reaching 630-718 Million Tonnes annually. The growing utilization of LNG, along with the push for cleaner technologies, is playing a pivotal role in transforming the marine propulsion engine market. This trend is also supported by ongoing efforts to improve the efficiency of marine propulsion engines, which enhances cargo holding capacity in next-generation tankers. As fuel alternatives like LNG become more widely used, the technology behind propulsion engines will need to evolve, integrating more advanced fuel systems and further improving fuel efficiency.

Marine Propulsion Engine Industry Segmentation:

Analysis by Engine Type:

  • 2-Stroke Engine
  • 4- Stroke Engine

The 2-stroke engine segment leads the market with approximately 60.3% market share in 2024. This dominance can be attributed to the engine's high efficiency and reliability in large vessels, particularly those operating in the bulk carrier and container ship categories. 2-stroke engines are highly regarded for their power output and fuel efficiency, making them ideal for long-haul maritime transport. They also have fewer moving parts, which contributes to their lower maintenance costs and longer lifespan compared to 4-stroke engines. Additionally, the rising demand for larger vessels, which require more powerful engines, is driving the preference for 2-stroke engines in the global marine propulsion engine market.

Analysis by Power Source:

  • Diesel
  • Gas Turbine
  • Natural Gas
  • Steam Turbine
  • Fuel Cell
  • Others

The diesel segment is the largest in the market, holding around 75.7% of the global market share in 2024. Diesel engines dominate the marine propulsion engine market because of their robustness, fuel efficiency, and long operational life. Diesel engines are favored due to their ability to deliver high torque at low speeds, making them particularly suitable for heavy-duty ships, such as tankers and container ships. Additionally, the availability and cost-effectiveness of diesel as a marine fuel further contributes to its continued dominance. Diesel-powered propulsion engines are also capable of running efficiently for extended periods, thus offering significant fuel savings for shipping companies, which is critical in the competitive global trade environment, and is contributing to the overall marine propulsion engine market demand.

Analysis by Power Range:

  • 80-750 HP
  • 751-5000 HP
  • 5001-10,000 HP
  • 10,001-20,000 HP
  • Above 20,000 HP

The above 20,000 HP power range is the leading segment in the market, commanding 38.4% of the market share in 2024. This is mainly due to the demand for higher power engines in large-scale vessels such as container ships, bulk carriers, and oil tankers, which require engines capable of handling vast amounts of cargo. As the global demand for trade and transportation continues to rise, the need for more powerful and efficient propulsion engines has grown significantly. Engines in the Above 20,000 HP range are necessary for vessels that operate on long routes and carry heavy loads, offering higher speeds and greater fuel efficiency. The increasing globalization of trade, especially in the transportation of bulk goods and energy, is further propelling the market for these high-powered marine propulsion engines.

Analysis by Vessel Type:

  • Bulk Carriers
  • Container Ships
  • Passenger Ships
  • Support Vessels
  • Tankers
  • Gas Carriers
  • Military Vessels
  • Others

Passenger ships dominate the market in 2024 due to rising global demand for cruise tourism, urban water transport, and ferries. These ships require high-performance engines for long-distance travel, safety, and onboard comfort, driving consistent investments in advanced propulsion systems. Regulatory pressure to reduce emissions has further encouraged the adoption of modern, fuel-efficient engines on these vessels. Additionally, ongoing fleet expansion and refurbishment programs among cruise operators and public transit agencies boost engine demand. The passenger ship segment also benefits from steady government support in infrastructure and coastal connectivity, reinforcing its position as the leading contributor in the global market.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

The Asia Pacific region, with a market share of approximately 43.2% in 2024, is leading the global market. The dominance of this region is largely due to the presence of major shipping hubs such as China, Japan, and South Korea, which are some of the largest shipbuilders and marine fleet operators globally. Asia Pacific's demand for marine propulsion engines is driven by the increasing industrialization, expanding international trade routes, and the rapid development of new ports and shipping infrastructure. Additionally, the rising focus on energy-efficient solutions and environmental regulations is prompting significant investments in advanced propulsion technologies across the region. As Asia Pacific continues to be a major player in global trade and shipping, it is expected that the demand for advanced marine propulsion engines will remain strong, further driving the growth of the market.

Key Regional Takeaways:

United States Marine Propulsion Engine Market Analysis

The United States holds a substantial share of the North America marine propulsion engine market with around 87.80% in 2024. The market is led mainly by growing offshore oil and gas investments, which is driving demand for high-performance deep-sea propulsion systems. As per this, increasing use of LNG-powered ships to meet emission control regulations is fueling technology advancements in alternative fuel-based engines and driving the market. Likewise, expansion in naval modernization programs to improve fleet capabilities is increasing demand for advanced propulsion solutions and enhancing the market demand. The growing cruise and leisure boat market is also adding to market growth through demand for efficient, low-noise propulsion technologies. As per the Cruise Lines International Association's 2024 State of the Cruise Industry report, the United States experienced a growth of 2.7 million cruise passengers, in 2023, a 19% increase from 2019. In addition, continued investment in port infrastructure stimulating fleet renewal with engines that comply with new efficiency standards, are driving market growth. Moreover, several federal clean maritime technology incentives affecting engine selections, are promoting market demand. Furthermore, growth in commercial cargo on the Great Lakes and sea freight corridors servicing ongoing engine purchase, is driving a stimulus in the market.

Europe Marine Propulsion Engine Market Analysis

The marine propulsion engine market in Europe is influenced by stricter environmental regulations. Similarly, the introduction of EU's Fit for 55 packages, compelling shipowners to invest in compliant propulsion technologies, is also propelling market growth. Furthermore, growth in short-sea shipping, supported by EU transport policies, is augmenting market demand for efficient, low-emission engines. The expansion of offshore wind energy projects in the North Sea and Baltic Sea increasing the need for specialized vessels with advanced propulsion systems, is augmenting product sales. The Energy Ministers of the 9 North Seas countries reaffirmed plans to render Europe's green power hub, targeting 9.5 GW turbine capacity by the end of 2025, EUR 10 billion in supply chain investments, and launching a dedicated offshore financing facility to support hybrid wind projects. Additionally, rising retrofit activities across commercial fleets driving upgrades to meet efficiency benchmarks, are encouraging higher product uptake. The region's leadership in electric and hybrid marine propulsion is also fueling market innovation. Moreover, accelerated investment in autonomous vessels influencing engine design requirements, is enhancing market accessibility. Besides this, the resurgence of shipbuilding activity in key countries like Germany and Italy is expanding the market scope.

Asia Pacific Marine Propulsion Engine Market Analysis

The market in Asia Pacific is being driven by the rapid expansion of regional seaborne trade, particularly in containerized and bulk cargo. In addition to this, favorable government-led shipbuilding initiatives, especially in China, South Korea, and India, reinforcing domestic production capabilities, are bolstering market development. Furthermore, increasing investment in coastal and inland water transport infrastructure encouraging the deployment of modern engine technologies, is fostering market expansion. The heightened push for fleet modernization across commercial and defense segments accelerating the shift toward more fuel-efficient and low-emission engines, is stimulating market appeal. Similarly, continual technological adoption in green propulsion systems, including methanol and ammonia-based engines, is gaining traction in the market. Moreover, rising regional demand for cruise tourism supporting the need for quieter, cleaner, and more efficient propulsion alternatives across newly constructed passenger vessels, is creating lucrative market opportunities. Government data shows that cruise tourism in India hit a record 4.7 lakh passengers in 2023-24, exceeding pre-pandemic levels. Domestic tourist participation rose by 85% compared to 2019-20, reflecting the increasing appeal of cruise travel within the country.

Latin America Marine Propulsion Engine Market Analysis

In Latin America, the marine propulsion engine market is propelled by growing maritime trade through strategic ports along the Atlantic and Pacific coasts. Similarly, expansion of offshore oil and gas activities, particularly in Brazil, fueling investments in high-capacity engines for support vessels, is driving market growth. Brazil's oil and gas sector is expected to receive over BRL 609 Billion (USD 122 Billion) in investments from 2025 to 2029, as per the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). Nearly 90% will go on offshore projects, with BRL 347 Billion for the Santos Basin and BRL 195.8 Billion for the Campos Basin. The rising interest in renewable marine transport solutions encouraging adoption of hybrid and low-emission engines across regional fleets, is escalating market reach. Apart from this, supportive government initiatives to modernize naval and coast guard fleets are driving demand for advanced, efficient propulsion systems, thereby impelling the market.

Middle East and Africa Marine Propulsion Engine Market Analysis

The market in the Middle East and Africa is advancing due to expanding maritime trade routes through the Suez Canal and the Red Sea. In accordance with this, significant investments in port development and free trade zones encouraging fleet upgrades with efficient engine systems, are stimulating market appeal. As of August 2024, investments in Saudi Arabia's maritime sector have exceeded USD 6.7 Billion, driven by partnerships between the Saudi Ports Authority and global firms. Notable projects include Maersk's USD 346 Million investment at Jeddah Port and 17 new logistics zones in Jeddah and Dammam. The rising adoption of LNG and dual-fuel vessels across regional shipping fleets supporting cleaner propulsion alternatives, is also expanding the market scope. Additionally, growing offshore energy exploration activities, particularly in West Africa and the Arabian Gulf, bolstering the need for reliable engines in support vessels and drilling operations, are positively influencing the market.

Competitive Landscape:

The key players in the market are focusing on technological innovations, such as the development of eco-friendly propulsion systems using LNG, biofuels, and hydrogen, to meet stringent environmental regulations. They are expanding partnerships with shipbuilders and fuel suppliers to enhance product offerings and improve operational efficiency. Furthermore, companies are investing in the digitalization of their products, incorporating smart technologies like IoT and AI to optimize performance and reduce maintenance costs. As the market grows, key players are continuously expanding into emerging markets to capitalize on increasing maritime activities. These strategic moves are expected to favor the marine propulsion engine market outlook and enhance the competitive landscape.

The report provides a comprehensive analysis of the competitive landscape in the marine propulsion engine market with detailed profiles of all major companies, including:

  • AB Volvo
  • Caterpillar Inc.
  • Cummins Inc.
  • Fairbanks Morse
  • Hyundai Heavy Industries Group
  • Man SE (Volkswagen Group)
  • Masson Marine
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc
  • Wartsila Oyj Abp

Key Questions Answered in This Report

1. How big is the marine propulsion engine market?

2. What are the key factors driving the marine propulsion engine market?

3. What is the future outlook of marine propulsion engine market?

4. Which region accounts for the largest share of the marine propulsion engine market?

5. Which are the leading companies in the global marine propulsion engine market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Marine Propulsion Engine Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Engine Type

  • 6.1 2-Stroke Engine
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 4- Stroke Engine
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Power Source

  • 7.1 Diesel
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Gas Turbine
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Natural Gas
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Steam Turbine
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Fuel Cell
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Power Range

  • 8.1 80-750 HP
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 751-5000 HP
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 5001-10,000 HP
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 10,001-20,000 HP
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Above 20,000 HP
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Vessel Type

  • 9.1 Bulk Carriers
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Container Ships
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Passenger Ships
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Support Vessels
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Tankers
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Gas Carriers
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Military Vessels
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast
  • 9.8 Others
    • 9.8.1 Market Trends
    • 9.8.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 AB Volvo
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Caterpillar Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 Cummins Inc.
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Fairbanks Morse
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 Hyundai Heavy Industries Group
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
    • 15.3.6 Man SE (Volkswagen Group)
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Masson Marine
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
    • 15.3.8 Mitsubishi Heavy Industries Ltd.
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 Rolls-Royce Plc
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Wartsila Oyj Abp
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis