The ‘Marine Engines – Global Market Outlook (2017 – 2026)’ report has been added to ResearchAndMarkets.com's offering. A summary of the report’s findings can be found below.
The global marine engines market accounted for US$12.91 billion in 2017 and is expected to reach US$18.55 billion by 2026, growing at a CAGR of 4.1% from 2017 to 2026.
Some of the factors, such as increased maritime tourism, growth in shipbuilding activities and the rising usage of environment friendly LNG-fuelled engines, are favouring the market. However, strict environmental regulations coming into effect are hampering the market. Moreover, increasing demand for dual-fuel engines will provide ample opportunities for growth of the market.
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