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Global Marine Fuel Injection Market – Industry Trends and Forecast to 2029

Automotive

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Global Marine Fuel Injection Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Marine Fuel Injection Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5196.40 Million
Diagram Market Size (Forecast Year) USD 6430.82 Million
Diagram CAGR %

Global Marine Fuel Injection Market, By HP Range (0 HP–2,000 HP, 2,001 HP–10,000 HP, 10,001 HP–20,000 HP, 20,001 HP–50,000 HP, 50,001 HP–80,000 HP, Above 80,000 HP), Component (Fuel Injector, Electronic Control Unit (ECU), Fuel Pump, Fuel Valves, Others), Engine Type (2 Stroke, 4 Stroke), Application (Service Vessels, Passenger Vessels, Cargo Carriers, Fishing Vessels, Personal Watercrafts and  Sailboats, Others), Sales Channel (OEM, Aftermarket), Injector Type (Cooled, Uncooled) – Industry Trends and Forecast to 2029

Marine Fuel Injection Market

Market Analysis and Size

Marine fuel injection system market grows in the parallel way with the development in shipbuilding and boat industry. The major factors driving the market are the rise in the number of commercial vessels, Growth in global sea borne trade, introduction of methanol and electronic fuel injection systems, and the stringent marine regulations imposed due to environmental concerns. The fuel injector constituent accounts for a larger share in the marine fuel injection system market because of their limited life period.

Data Bridge Market Research analyses that the marine fuel injection market was valued at USD 5,196.4 million in 2021 and is expected to reach USD 6430.82 million by 2029, registering a CAGR of 2.70% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

HP Range (0 HP–2,000 HP, 2,001 HP–10,000 HP, 10,001 HP–20,000 HP, 20,001 HP–50,000 HP, 50,001 HP–80,000 HP, Above 80,000 HP), Component (Fuel Injector, Electronic Control Unit (ECU), Fuel Pump, Fuel Valves, Others), Engine Type (2 Stroke, 4 Stroke), Application (Service Vessels, Passenger Vessels, Cargo Carriers, Fishing Vessels, Personal Watercrafts and  Sailboats, Others), Sales Channel (OEM, Aftermarket), Injector Type (Cooled, Uncooled)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

MAN (Germany), Woodward INC (U.S.) , BorgWarner Inc.(U.S), Aptiv (Ireland), Y ANMAR HOLDINGS Co., Ltd. (Japan), Denso Corporation (Japan), Cummins Inc. (U.S.), Liebherr-International Deutschland GmbH (Germany), Caterpillar (U.S.), Robert Bosch GmbH  (Germany), Rolls-Royce Holding PLC (U.K.), TWINCO Pte Ltd, (Singapore), ASNU (U.K.), O.M.T. OFFICINE MECCANICHE TORINO (Italy), Heinzmann GmbH & Co. KG (Germany), L3Harris Technologies, Inc.(U.S.)

Market Opportunities

  • Increase in the number of emerging markets
  • Launch of new fuel injection
  • Rise in strategic collaborations

Market Definition

Marine fuel injection system is an organised system for engines in marine applications such as custom boat, NJBA, outboards, cargo vessel, tanker, containership, super boat, poker run, bulkers, etc. They contain of several constituents such as electronic control unit (ECU), fuel injector, fuel pump, fuel valves, and fuel pressure regulators. The function of these marine fuel injection systems is to offer the correct amount of fuel at the right moment and in an appropriate condition for the combustion process.

Marine Fuel Injection Market Dynamics

Drivers

  • Growing demand for shipbuilding and boat industry

The increasing demand for the boat and shipbuilding industry is a crucial driver which are expected to drive the growth rate of the marine fuel injection market. The boats and ships with marine injection fuel are more reliable than other condition. There are plenty of profits such as smooth idling, powerful acceleration and high ship reliability due to all these features, ship and boats manufacturers prefer to use marine fuel injections.

  • Increasing marine tourism

Marine tourism is another significant driver for the growth of the marine fuel injection market. The global seaborne tourism industry is witnessing the massive market growth. Persons are highly interested to explore the sea through these tourism ships, boats, curies and ships. Tourism growth is the major factor that offers the plenty of demand for the Marine Fuel Injection in the market. 

Opportunities

  • Launch of new fuel injection

Launch of methanol fuel injections will further expand the growth of the market. Methanol fuel injection is a more reliable and sophisticated technology. The implementation of the methanol injection will lead due to the higher reliability and performance for the engine. The major market players are introducing those fuel facilities which offer both diesel and gasoline fuel tanks. It is the major development which will offer the market growth opportunities. Also, the launch of electronic marine fuel injection will also lead to more advancement. The advantages of electronic marine fuel injection are massive than others. This will create the immense opportunity for the growth of the marine fuel injection market.

Moreover, emerging new markets and rise in strategic collaborations will also act as market drivers and increase the beneficial opportunities for the market’s growth rate.

Restraints/ Challenges

  • Fluctuation in prices

Volatility in the costs of raw material along with increasing cost of research and development are acting as market restraints for the growth of the marine fuel injection during the forecasted period.

Further, the returns are delayed as the whole shipbuilding process which consumes a lot of time. Due to this, the market player is facing lots of difficulties. Also, deficiency of capital expenditure is the major market restraint in the marine fuel injection market which may slow down the production rate in the upcoming years.  

This marine fuel injection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the marine fuel injection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Marine Fuel Injection Market

The outbreak of covid 19 has affected the trade operations overall the globe. Every worldwide industry is facing economic challenges during this pandemic. During this pandemic, the supply chain and production activities disruptions are huge for the market. All these are the major factors which are changing the outlook of the marine Fuel Injection Market. However, post covid 19, the trade operations of the market will recover slowly.

Global Marine Fuel Injection Market Scope

The marine fuel injection market is segmented on the basis of HP range, component, engine type, application, sales channel and injector type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

HP Range

  • 0 HP–2,000 HP
  • 2,001 HP–10,000 HP
  • 10,001 HP–20,000 HP
  • 20,001 HP–50,000 HP
  • 50,001 HP–80,000 HP
  • Above 80,000 HP

Component

  • Fuel Injector
  • Electronic Control Unit (ECU)
  • Fuel Pump
  • Fuel Valves
  • Others

Engine Type

  • 2 Stroke
  • 4 Stroke

Application

  • Service Vessels
  • Passenger Vessels
  • Cargo Carriers
  • Fishing Vessels
  • Personal Watercrafts
  • Others

Sales Channel

  • OEM
  • Aftermarket

 Injector Type

  • Cooled
  • Uncooled

Marine Fuel Injection Market Regional Analysis/Insights

The marine fuel injection market is analysed and market size insights and trends are provided by country, HP range, component, engine type, application, sales channel and injector type as referenced above.

The countries covered in the marine fuel injection market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the marine fuel injection market in terms of market during the mentioned forecast period. This is due to the growing prevalence of several regional manufacturing companies.

Europe is expected to be the fastest developing regions due to the growing popularity of the water sports along with increasing number of ships in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fuel Injection Market Share Analysis

The marine fuel injection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to marine fuel injection market.

Some of the major players operating in the marine fuel injection market are:

  • AN (Germany)
  • Woodward INC (U.S.) 
  • BorgWarner Inc. (U.S)
  • Aptiv (Ireland)
  • Y ANMAR HOLDINGS Co., Ltd. (Japan)
  • Denso Corporation (Japan)
  • Cummins Inc. (U.S.)
  • Liebherr-International Deutschland GmbH (Germany)
  • Caterpillar (U.S.)
  • Robert Bosch GmbH  (Germany)
  • Rolls-Royce Holding PLC (U.K.)
  • TWINCO Pte Ltd (Singapore)
  • ASNU (U.K.)
  • O.M.T. OFFICINE MECCANICHE TORINO (Italy)
  • Heinzmann GmbH & Co. KG (Germany)
  • L3Harris Technologies, Inc. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The market value for marine fuel injection market is anticipated to reach USD 6430.82 million by 2029.
The Marine Fuel Injection Market is to grow at a CAGR of 2.70% during the forecast by 2029.
On the basis of application, the Marine Fuel Injection Market is segmented into Service Vessels, Passenger Vessels, Cargo Carriers, Fishing Vessels, Personal Watercrafts and Sailboats, Others.
The major players operating in the Marine Fuel Injection Market are MAN (Germany), Woodward INC (U.S.) , BorgWarner Inc.(U.S), Aptiv (Ireland), Y ANMAR HOLDINGS Co., Ltd. (Japan), Denso Corporation (Japan), Cummins Inc. (U.S.), Liebherr-International Deutschland GmbH (Germany), Caterpillar (U.S.), Robert Bosch GmbH (Germany), Rolls-Royce Holding PLC (U.K.), TWINCO Pte Ltd, (Singapore), ASNU (U.K.), O.M.T. OFFICINE MECCANICHE TORINO (Italy), Heinzmann GmbH & Co. KG (Germany), L3Harris Technologies, Inc.(U.S.).
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