Overview of the global marine inboard engines market

Market research analysts at Technavio predict that the global marine inboard engines market will grow steadily during the next four years and post a CAGR of over 2% by 2021. This market research analysis identifies the growth of the boating industry as one of the primary growth factors for this market. With the development of the boating industry and increased spread of emission regulations for marine engines, marine inboard engines are likely to see higher adoption rates soon. Additionally, the increase in number of boat shows and the rise in the number of participants in water recreational activities will also drive the demand for marine inboard engines. Furthermore, boat shows are held in marketplaces where pre-owned boats are sold to buyers at discounted rates which is catering to the growth of this market.

One of the latest trends that will gain traction in the marine inboard engines market in the coming years is the penetration of hybrid turbochargers. The marine industry has put substantial investment in R&D to cut down harmful emissions from boats, along with improving fuel economy and reducing operating cost. Hybrid turbochargers are different from conventional turbochargers in terms of both waste gas energy recovery as well as fuel economy benefit. In hybrid turbochargers, the turbo shaft acts as a prime mover as it also generates electricity through an alternator in the turbocharger which generates the electrical power without consuming any extra fuel, contributing to higher fuel economy.

Competitive landscape and key vendors

The market is characterized by the presence of a limited number of well-established vendors and is competitive. The competitive environment in the market will intensify in the coming years with advances in technology, government regulations, and the entry of new competitors. The key vendors are currently focusing on growing their customer base and are also increasing their investments in R&D.

The leading vendors in the market are -

• Mercury Marine
• Caterpillar
• Cummins
• Volvo Penta

The other prominent vendors in the market include Yamaha, Honda, and Suzuki.

Segmentation by application and analysis of the marine inboard engines market

• Yachts
• Powerboats

During 2016, the yachts segment accounted for the major shares and dominated this market. Customers are inclined toward spending vacations by charting yachts and hence, the sales of yacht sales across the globe is on the rise. The convenience of customers to customize the yacht according to their needs, will be one of the major factors contributing to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the marine inboard engines market

• Europe
• US
• ROW

This market study estimates that in terms of geographic regions, the US will be the major revenue contributor to the market by 2021. Factors such as the stronger job market, low fuel prices, and increasing consumer confidence, will driving the growth of the boating industry in this region. Another factor contributing to the sales growth of inboard engines in this region is the increase in number of consumers participating in water-related recreational activities.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global marine inboard engines market?
• What are the key market trends impacting the growth of the global marine inboard engines market?
• What are the challenges to market growth?
• Who are the key vendors in the global marine inboard engines market?
• What are the market opportunities and threats faced by the vendors in the global marine inboard engines market?
• Trending factors influencing the market shares of Europe, US, and ROW.
• What are the key outcomes of the five forces analysis of the global marine inboard engines market? 

Technavio also offers customization on reports based on specific client requirement.

An inboard engine is marine thrust system for boats opposed to outboard engines. This engine is enclosed within the hull of the boat. The increase in the number of leisure marine travelers, expansion of the global seaborne transport industry, and advancement of technology globally are some the factors, which are anticipated to influence the growth of the global marine engines market. Technavio’s insightful reports for the automotive industry cover a wide range of product markets including automotive manufacturing and automotive components. Besides offering vital information on various parameters, such as uncertain consumer behavior and the factors influencing the rise of the vendors in the powertrain industry’s marketspace, Technavio’s reports also present a wide-ranging competitive analysis of the leading vendors in the automotive industry.

Our market research experts at Technavio conduct a comprehensive research of primary and secondary technique and also conduct an in-depth analysis of technological advancements and demand supply shifts to forecast the growth accurately. This upcoming industry research report on the global marine inboard engines market for the forecast period 207-2021 provides insights based on data collected from reliable sources such as manufacturers, decision makers, and suppliers.

This upcoming report on global marine inbound engines market takes into account the growth of related market such as electric locomotive engines, which is expected to grow at a CAGR of close to 4% by 2021. Technavio also offers customized report for clients and identifies prominent market drivers, trends, and challenges faced by the automotive industry. Additionally, it presents insights into segments like wheels and tires.