The global marine engines market to grow at a CAGR of 4.20% during the period 2017-2021.
Global Marine Engines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increase in popularity of pontoon boats. Increase in popularity of pontoon boats is driven by their versatility, value, capacity, aging boating demographics, handling improvements, and superior performance. Pontoon boats have witnessed a demographic shift too.
According to the report, one driver in the market is increasing sales of boats. The sales of boats witnessed a robust increase across all regions. The US boating industry had witnessed the strongest sales in 2016, since the last decade. In the US, wakeboard/ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts consisted most of the sales in the US. One of the main drivers for the same is the increase in the number of boat shows in the US and increasing number of American participants in water-related recreational activities.
Further, the report states that one challenge in the market is rise in compliance cost due to stringent emission norms. Stringent regulations are being adopted by regulatory bodies across the world. To comply with these regulations, OEMs are adopting newer technologies to keep emissions under control. This has led to the rise in compliance cost for OEMs thus, impacting their profitability. Compliance cost is borne by individual buyers as well as by the OEMs.
Increase in popularity of pontoon boats Growing demand for 27-100 HP power output marine outboard engines Adoption of turbocharger in diesel marine engines
Caterpillar Cummins Volvo Penta Mercury Marine
Other prominent vendors
Suzuki Yamaha MAN Diesel & Turbo Honda
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Engine Type
Part 07: Geographical Segmentation
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/jx7z3d/global_marine
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