Global Marine Fuel Injection System Market by Application (Commercial, Defense), by Component (Fuel Pump, Fuel Valve, Fuel Injector, ECUs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
In 2019, the global marine fuel injection market was worth USD 4.8 billion. It is projected to grow at a compound annual rate (CAGR), of 3.36% during the forecast period. Seaborne trade is growing, which is driving demand for marine fuel injection components such as pumps, valves, and other parts. The product demand will be boosted by stringent government regulations regarding marine emissions.
Both shipbuilders and component suppliers are investing in research-and-development activities to create highly efficient products. International trade is growing due to lower subsidies and less restrictions on imports and exports. Maritime transport is preferred by both importers and exporters due to its higher transport capacity and lower cost than rail or road transport.
Sea transport is also more efficient than other modes of transport. The rising trend to retrofit old ships with the latest technology and systems is expected to positively impact product sales. The fuel injection systems are an integral part of the propulsion system and ensure that the combustion chamber is adequately fuelled for the engine to function efficiently.
These injectors are complex and prone to malfunction, so they need frequent replacements. The short life expectancy of these components combined with the rapidly growing shipping industry will drive product demand in the forecast period.
Component Insights
The market for marine fuel injection systems has been divided by component into injectors and pumps, valves, electronic control units (ECUs), etc. Other components include fuel pressure regulators and other components. In 2019, the injectors segment occupied the largest market share. In the next few years, significant growth is expected in the ECU segment.
ECUs control and modify vital control units, such as fuel and injection timing. The ECU's entire operation is dependent on signals from the various sensors it houses. ECUs play an important role in engine performance and emissions reduction.
Application Insights
The market can be divided into two segments based on its application: commercial and defense. In 2019, the commercial segment held the largest market share and will continue to dominate the market in the future. Increasing maritime trade around the world is expected to increase the demand for ships as well as the use of existing ships within the marine ecosystem. The highest expected CAGR for the commercial segment will be recorded over the forecast period.
Due to the efficient and cheap transport of their fleet, maritime trade accounts for approximately 90% of global overseas trade. Moreover, regulators have established strict CO2 emission policies. This has prompted component suppliers to invest in fuel supply components that are more efficient.
Regional Insights
The market was led by the Asia Pacific region in 2019. It is expected to maintain its dominance in the future. China, Japan and South Korea hold the majority of shipbuilding activities around the world, which explains the higher region share. The recent COVID-19 outbreak has had a severe impact on the global economy, including China's. The COVID-19 outbreak could be reduced, but this would result in a sharp increase in production and consequently in exports. Chinese companies will therefore make a lot of use of maritime transport to export goods at low prices. Over the forecast period, this is expected to have positive effects on the regional market.
Europe is predicted to experience the fastest growth rate during the forecast period. This region is home to a large maritime tourism market, which has led to an increase in ships and a boost in market growth. The region's growing popularity in watersports is driving market demand.
Market Share Insights & Key Companies
To increase market share, key companies have taken various strategies such as partnerships, mergers and acquisitions, and contractual agreements. Companies are also investing in R&D to create new and better products. Liebherr International AG, for instance, introduced in November 2018 its new hydraulic injection components to the Chinese market. The market leader in marine fuel injection systems is:
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Caterpillar, Inc.
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Rolls-Royce Plc
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Yanmar Co. Ltd.
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Woodward, Inc.
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Liebherr International AG.
Up Market Research published a new report titled “Marine Fuel Injection System Market research report which is segmented by Application (Commercial, Defense), by Component (Fuel Pump, Fuel Valve, Fuel Injector, ECUs), By Players/Companies Rolls-Royce Plc, Woodward Inc, Yanmar Co Ltd, Liebherr International AG, Caterpillar Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Marine Fuel Injection System Market Research Report |
By Application | Commercial, Defense |
By Component | Fuel Pump, Fuel Valve, Fuel Injector, ECUs |
By Companies | Rolls-Royce Plc, Woodward Inc, Yanmar Co Ltd, Liebherr International AG, Caterpillar Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 247 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Marine Fuel Injection System Market Report Segments:
The market is segmented by Application (Commercial, Defense), by Component (Fuel Pump, Fuel Valve, Fuel Injector, ECUs).
Marine Fuel Injection System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Marine Fuel Injection System Market
Overview of the regional outlook of the Marine Fuel Injection System Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Marine Fuel Injection System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Marine Fuel Injection System Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Commercial
2. Defense
7. By Component:1. Fuel Pump
2. Fuel Valve
3. Fuel Injector
4. ECUs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Fuel Injection System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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Reasons to Purchase the Marine Fuel Injection System Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Fuel Injection System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Fuel Injection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Fuel Injection System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Fuel Injection System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Fuel Injection System Market Size & Forecast, 2018-2028
4.5.1 Marine Fuel Injection System Market Size and Y-o-Y Growth
4.5.2 Marine Fuel Injection System Market Absolute $ Opportunity
Chapter 5 Global Marine Fuel Injection System Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Marine Fuel Injection System Market Size Forecast by Application
5.2.1 Commercial
5.2.2 Defense
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Marine Fuel Injection System Market Analysis and Forecast by Component
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Component
6.1.2 Basis Point Share (BPS) Analysis by Component
6.1.3 Absolute $ Opportunity Assessment by Component
6.2 Marine Fuel Injection System Market Size Forecast by Component
6.2.1 Fuel Pump
6.2.2 Fuel Valve
6.2.3 Fuel Injector
6.2.4 ECUs
6.3 Market Attractiveness Analysis by Component
Chapter 7 Global Marine Fuel Injection System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Fuel Injection System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Fuel Injection System Analysis and Forecast
9.1 Introduction
9.2 North America Marine Fuel Injection System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Fuel Injection System Market Size Forecast by Application
9.6.1 Commercial
9.6.2 Defense
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
9.10 North America Marine Fuel Injection System Market Size Forecast by Component
9.10.1 Fuel Pump
9.10.2 Fuel Valve
9.10.3 Fuel Injector
9.10.4 ECUs
9.11 Basis Point Share (BPS) Analysis by Component
9.12 Absolute $ Opportunity Assessment by Component
9.13 Market Attractiveness Analysis by Component
Chapter 10 Europe Marine Fuel Injection System Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Fuel Injection System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Fuel Injection System Market Size Forecast by Application
10.6.1 Commercial
10.6.2 Defense
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
10.10 Europe Marine Fuel Injection System Market Size Forecast by Component
10.10.1 Fuel Pump
10.10.2 Fuel Valve
10.10.3 Fuel Injector
10.10.4 ECUs
10.11 Basis Point Share (BPS) Analysis by Component
10.12 Absolute $ Opportunity Assessment by Component
10.13 Market Attractiveness Analysis by Component
Chapter 11 Asia Pacific Marine Fuel Injection System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Fuel Injection System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Fuel Injection System Market Size Forecast by Application
11.6.1 Commercial
11.6.2 Defense
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
11.10 Asia Pacific Marine Fuel Injection System Market Size Forecast by Component
11.10.1 Fuel Pump
11.10.2 Fuel Valve
11.10.3 Fuel Injector
11.10.4 ECUs
11.11 Basis Point Share (BPS) Analysis by Component
11.12 Absolute $ Opportunity Assessment by Component
11.13 Market Attractiveness Analysis by Component
Chapter 12 Latin America Marine Fuel Injection System Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Fuel Injection System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Fuel Injection System Market Size Forecast by Application
12.6.1 Commercial
12.6.2 Defense
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
12.10 Latin America Marine Fuel Injection System Market Size Forecast by Component
12.10.1 Fuel Pump
12.10.2 Fuel Valve
12.10.3 Fuel Injector
12.10.4 ECUs
12.11 Basis Point Share (BPS) Analysis by Component
12.12 Absolute $ Opportunity Assessment by Component
12.13 Market Attractiveness Analysis by Component
Chapter 13 Middle East & Africa (MEA) Marine Fuel Injection System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Fuel Injection System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Fuel Injection System Market Size Forecast by Application
13.6.1 Commercial
13.6.2 Defense
13.7 Basis Point Share (BPS) Analysis by Application
13.8 Absolute $ Opportunity Assessment by Application
13.9 Market Attractiveness Analysis by Application
13.10 Middle East & Africa (MEA) Marine Fuel Injection System Market Size Forecast by Component
13.10.1 Fuel Pump
13.10.2 Fuel Valve
13.10.3 Fuel Injector
13.10.4 ECUs
13.11 Basis Point Share (BPS) Analysis by Component
13.12 Absolute $ Opportunity Assessment by Component
13.13 Market Attractiveness Analysis by Component
Chapter 14 Competition Landscape
14.1 Marine Fuel Injection System Market: Competitive Dashboard
14.2 Global Marine Fuel Injection System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rolls-Royce Plc
14.3.2 Woodward Inc
14.3.3 Yanmar Co Ltd
14.3.4 Liebherr International AG
14.3.5 Caterpillar Inc