Pune, India -- (SBWIRE) -- 08/31/2018 -- Increasing in cross border trading activities to promote growth in the Marine Propulsion market

Increasing government investments in ship building industry and inland waterways and increasing need for fuel-efficient ships drives the growth of the marine propulsion market. In addition increasing in cross border trading activities through marine sub-waters and growth in ecommerce sector are anticipated to boost the growth of the marine propulsion market. However, Increase in seaborne trade has resulted in spillage of marine fuel in the marine ecosystem. This in turn is hampering the growth of the marine propulsion market. Shipping companies are required to comply with the International Maritime Organization (IMO) and the International Convention for the prevention of pollution from Ships emissions rules.

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Furthermore, increasing cost in air cargo transport system is shifting its demand towards marine transportation that is providing several growth opportunities for the key layers in the marine propulsion market over the upcoming years. On the other hand development of electric motor, that reduce fossil fuel consumption will definitely have positive impact for the market growth.Hence,the depletion of shale gas and conventional reserves will increase the demand for LNG especially for the marine fuel.

Asia Pacific region to contribute to growth in the global Marine Propulsion market

Asia Pacific is anticipated to be the most lucrative market for the marine propulsion market. The growth in the Asia Pacific is due to rise in seaborne trade and increase in the manufacture of new vessels as well as upgrade of existing vessels. Asian navies in particular are rapidly building their defense capabilities and this should increase the size of the marine propulsion engine market across the Asia Pacific region. Moreover, highly environment conscious in Europe and North America are projected to lead the global marine propulsion market in the near future.

Volvo Penta Launches its Most Powerful Marine Engine

Volvo Penta has reached an exciting milestone as it launches a new 1000hp 13-liter engine. The new D13-1000 appreciates Volvo Penta move into the 1000hp marine leisure engine market for the first time, and provides higher performance, greater durability and more comfort than ever before. Volvo Penta has carried out a major redesign of the 13-liter engine model and drivetrain in order to offer an outstanding new product. With this new engine, Volvo Penta is giving premium boat owners the possibility to go further and faster than ever before. Owners of large yachts will be able to benefit from its exceptional qualities, for better performance and an excellent experience on the water.

Volvo Announces Acquisition of Seven Marine

Volvo Penta became the major owner of the innovative, high-end, Wisconsin-based outboard manufacturer Seven Marine. Volvo Penta is a Germany-based manufacturer of outboard motors. The move is anticipated to help AB Volvo Penta expand its business in the marine sector. Volvo Penta, an automotive company with long experience in the marine realm and several marine-related innovations to its credit, among them the Aquatic sterndrive and the joystick-empowered IPS pod-type propulsion system wants to expand into a field it has yet to touch significantly—outboards. In addition, Volvo sees Seven Marine as today's outboard leader, with Volvo's own savviness concerning modern automotive technologies as well as a more generalized passion for outa-the-box engineering.

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Rolls-Royce to supply 20 MTU Series 8000 engines for new French Navy frigates

Rolls-Royce has received its first order for the new sixteen-cylinder engines in its successful Series 8000 range. French shipbuilder Naval Group has ordered a total of 20 MTU 16V 8000 M91L engines, each delivering up to 8,000 kW of mechanical power. With the 16V 8000 engine, MTU has expanded its portfolio of well-proven marine engines in the very high power class. Rolls-Royce pioneers cutting-edge technologies that deliver the cleanest, safest and most competitive solutions to their planet's vital power needs.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global marine propulsion market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of marine propulsion market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the marine propulsion market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the marine propulsion market to understand the present and future trends in this market and formulate their strategies accordingly.