Marine Fuel Injection System Market: Fishing Vessels Application Segment Expected to Gain Significant Basis Points Between 2017 and 2027: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)
- REP-GB-2873
- 2017-11-14
- 328 Pages
- Format:
- Category: Automotive & Transportation
Fishing vessels, personal watercraft and cargo segments to have prime contribution in the growth of the marine fuel injection system market
The market for marine fuel injection system remains competitive with presence of giant players with expertise in engine technologies. In order to sustain in the market in long run, product development could be a key growth strategy that should be adopted by market participants. Launching of advanced products that offer various operational benefits at the same time complying with the existing regulations in the market, will help the market participants to maintain product differentiation and strengthen their roots in the global marine fuel injection system market. The marine industry witnessed downturns in the recent past owing to decline in new orders and existing overcapacity of cargo vessels. However, on the flipside, the personal watercraft vessels (sailboats, water bikes, inboard, outboard boats, yachts, etc.) and passenger vessels (cruise ships & ferries and commercial & small fishing vessels) have witnessed healthy growth with respect to new orders and are expected to create significant growth opportunities in the coming years.
Future Market Insights has caught the pulse of the global market for marine fuel injection systems covering every aspect of the market. As per this research report, the global marine fuel injection system market is anticipated to grow at a steady rate in the coming years, to achieve a comparatively higher market valuation as compared to earlier years when the market witnessed a downfall. The global marine fuel injection system market is expected to reach a valuation of about US$ 6400 Mn by the end of the year of assessment from a value of more than US$ 4 Bn in 2017. It is projected to grow at a CAGR of 3.4% throughout the period of forecast, 2017-2027.
Personal watercraft to offer high growth opportunities for marine fuel injection systems
Personal watercraft segment in the application category is expected to show high potential in the coming years. This segment is poised to grow at a noteworthy rate to radiate high potential for the growth of the global market for marine fuel injection systems. It is the largest in terms of revenue generation and is highly attractive segment. The personal watercraft segment is estimated to reach a valuation a little under US$ 2400 Mn by the end of the forecast period from US$ 1688.2 Mn in 2017. It is expected to grow at a value CAGR of 3.5% during the period of assessment.
Cargo carriers to significantly contribute to the overall market growth
Cargo carriers segment in application category is anticipated to grow at a value CAGR of 3.2% throughout the period of forecast. This segment is expected to reach a value of around US$ 1790 Mn by the end of 2027. It is the second largest segment with respect to market value. Cargo carrier segment is further segmented by tankers, containerships, bulk containers and other cargo ships. Other cargo ships sub segment is the highest contributor with respect to market value. It is also projected to grow at a comparatively higher CAGR during the forecast period thus pushing the growth of the parent market. This sub segment has been dominating other cargo carrier sub segments since past couple of years and is expected to continue its dominating streak till the end of the assessment year.
A systematic research approach for organised data gathering and analysis
Future Market Insights follows a systematic research methodology to gather relevant market insights. This rock solid research methodology thrives on the unique combination of primary and secondary research. Extensive secondary research is carried out in the initial stage of the research process to acquire essential data relating to the marine fuel injection system market. The data so gathered is validated and a much more realistic figure of the market is obtained which undergoes multiple funnels of validation through primary research. Primary research is conducted across key regions in the globe to understand the statistics of a particular segment or sub segment in a particular region and sub region and a correlation is established that reveals the contribution of that particular segment in the growth of the global market. This exclusive research process underpins our research on the global marine fuel injection system market which includes future market projections for a period of ten years, from 2017 till 2027. The research findings are published in our new research report titled “Marine Fuel Injection System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. This research report covers the current scenario of the global marine fuel injection system market along with historical market statistics (from 2012-2016) based on which future qualitative and quantitative projections of the market are derived.
Coherent report structure to enable seamless intelligence navigation through different chapters
The research report on marine fuel injection system market starts with an executive summary which covers a brief outlook of the global marine fuel injection system market along with market acumen and recommendations. This section is followed by market introduction that covers research scope, market definition and market segmentation. The research study also covers market growth drivers, restraints, trends, developments and opportunities that influence the growth of the global marine fuel injection system market. Various macroeconomic factors are also discussed in this study. All these aspects are scrutinized across important regions in the globe for obtaining a clear real picture of the global market for marine fuel injection systems along with analysis on various market segments specific to regions.
Competition tracking is an integral aspect of all our intelligence reports. Every report contains a separate dedicated section on competitive assessment that portrays market share analysis, SWOT analysis, key product developments and innovations, mergers and acquisitions, geographical spread, expansion plans, strategies, existing product portfolios and other key financials of major companies participating in the marine fuel injection systems.
The research report on global marine fuel injection system market offers value addition to the reader by presenting the data and statistics in a systematic manner along with actionable intelligence. Moreover, a free 24x7 analyst support is also extended by us in case of any queries regarding the research report. This research material can be used to gain incisive insights, based on which key decisions can be made and future moves can be assessed. Future Market Insights extends its research expertise to assist the reader gain competitive advantage in the changing dynamics of the global market.
Market Segmentation
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By Sales Channel |
By Engine Capacity |
By Application |
By Engine Type |
By Region |
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