Marine Propulsion Engine Market Expected to Reach $12 Billion, Globally, by 2022
The Marine Propulsion Engine Market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1% from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51% in 2015 and is anticipated to maintain this trend.
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