Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Marine Diesel Engine Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Marine Diesel Engine Industry in 2024 and 2025?
The Marine Diesel Engine Global Market Report 2025 indicates a strong growth trend. The market size increased from $8.3 billion in 2024 to $8.77 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.7%.
What Is the Projected Market Size of the Marine Diesel Engine Market in 2029?
The Marine Diesel Engine Global Market is projected to reach a value of $12.06 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.3%.
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What Are the Key Drivers of Marine Diesel Engine Market Growth?
The key drivers in the marine diesel engine market are:
• Rising global trade activities
• Expansion of offshore wind energy
• Increase in demand for cruise and passenger ships
• Adoption of stringent emission regulations
What Are the Primary Segmentation Categories in the Marine Diesel Engine Market?
The marine diesel engine market covered in this report is segmented –
1) By Type: Auxiliary, Propulsion
2) By Speed: Low-Speed, Medium-Speed, High-Speed
3) By Stroke: 2-Stroke, 4-Stroke
4) By Power: <1,000 HP, 1,000-5,000 HP, 5,001-10,000 HP, 10,001-20,000 HP, >20,000 HP
5) By Application: Merchant, Offshore, Cruise And Ferry, Navy, Other Applications
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What Are the Major Trends Shaping the Marine Diesel Engine Market in 2025 and Beyond?
The key trends in the marine diesel engine market are:
• The adoption of LNG as fuel is a prominent trend in the marine diesel engine market.
• The market is evolving towards digitalization and smart engines.
• Compliance with emissions regulations is a significant emerging trend.
• A substantial market trend is the shift towards hybridization and fuel efficiency.
Who Are the Emerging Players in the Marine Diesel Engine Market?
Major players in the marine diesel engine market are:
• Caterpillar Inc.
• Cummins Inc.
• HHI Engine & Machinery Co. Ltd.
• Deere & Company
• MAN Energy Solutions SE
• AB Volvo Penta
• YANMAR Marine International
• STX Engine
• Daihatsu Diesel Mfg. Co. Ltd.
• Deutz AG
• IHI Power Systems Co. Ltd.
• Perkins Engines Company
• Bergen Engines AS
• China Shipbuilding Industry Corporation Diesel Engine Co. Ltd.
• Japan Engine Corporation
• Mitsubishi Heavy Industries Ltd.
• Wärtsilä Corporation
• Hyundai Heavy Industries Co. Ltd.
• WinGD
• Siemens Energy AG
• General Electric Company
• MTU Friedrichshafen GmbH
• Scania AB
• Anglo Belgian Corporation
• ABC Diesel AG
• Fairbanks Morse Engine
• Doosan Engine
• Yanmar Co. Ltd.
• Moteurs Baudouin
• Cooper Corporation.
Which Regions Are Leading the Growth in the Global Marine Diesel Engine Market?
Asia-Pacific was the largest region in the marine diesel engine market in 2024
