Regeln » The commercial segment is estim

The report "Marine Engines Market by Power (20) 000 hp Oshane Ximines Shirt , Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel and Gas Oil), Engine (Propulsion & Auxiliary) Deandre Baker Shirt , Type (2 & 4-Stroke) & Region - Global Forecast to 2024", the global Marine Engines Market is projected to reach USD 16.4 billion by 2024 from an estimated USD 14.0 billion in 2019, at a CAGR of 3.11%. This growth can be attributed to the growth in international marine freight transport, growth in maritime tourism, and penetration of smart engines for situational awareness and safety.

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The commercial segment is expected to hold the largest share of the Marine Engines Market, by vessel Dexter Lawrence Shirt , during the forecast period.


The commercial segment is estimated to dominate the Marine Engines Market in 2019 and is projected to have the largest market share during the forecast period. This is mainly because there is an increase in international seaborne trade leading to the increase in the commercial vessel count, thereby increasing the usage of marine engines in commercial vessels.


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