Published on : Dec 10, 2019
Marine fuel injection systems are widely used in sea transport which operates ?90% of the global overseas trade on the backdrop of being cheap and efficient. Seaborne transportation is used to transport various products including water, raw materials and food in large volume. The increase in trade via sea is expected to propel the global marine fuel injection system market.
Global marine fuel injection system market is predicted to be around US$4.8Bn by the end of year 2019. This market is anticipated to expand at ?3% CAGR in the forecast period. 4-stroke engine is expected to gain traction in the forecast period 2019-2029.
An intelligence report titled, “Marine Fuel Injection System Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
APEJ has emerged as prominent region in ship building segment. South Korea is projected to increase major demand for marine fuel injection system in coming years. Moreover, growth in adoption of sailboats and personal water rafts fuel the growth of global market. Asia Pacific excluding Japan exhibit promising future. Western Europe is also strengthening its foothold in global market.
Technological advancements create future solutions
Tier-1 players dominate the global marine fuel injection system market with ?25% market share. These companies embrace technological advancements to gain a greater penetration in market and attain solutions to cater the requirements that may arise in future. Manufacturers are focusing on engine with 2000 HP capacity that is expected to attain highest growth in the global market during the forecast period.
Major stake holders profiled in global marine fuel injection system market include Cummins Inc., Caterpillar Inc., Yanmar Co. Ltd., Suzuki Motor Corporation, Liebherr International AG, Rolls-Royce Power Systems AG, Heinzmann GmbH & Co. KG , Robert Bosch GmbH, Delphi Technologies, Woodward, Inc. and DENSO Corporation.
Global marine fuel injection system market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global marine fuel injection system market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global marine fuel injection system market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on marine fuel injection system.
An insightful and deep-dive assessment of the competitive assessment of the Global marine fuel injection system market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global marine fuel injection system market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global marine fuel injection system market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global marine fuel injection system market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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