According to recently published TechSci Research report “SouthAmerica Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023’’, South America marine engines market is anticipated to be surpass $ 1.7 billion by 2023. Factors such as emerging technologies in marine engines market, rising inclination towards seaborne trade coupled with growing demand for ferries, commercial and tug boats are fuelling growth in South America marine engines market. Moreover, increasing demand for cruisers and boats for recreational purposes coupled with growth in international trading activities is further likely to contribute to the growing demand for marine engines across South America region in the coming years.
Browse 34 Figures spread through 58 Pages and an in-depth TOC on "South America Marine Engines Market"https://www.techsciresearch.com/report/south-america-marine-engines-market/3300.html
In 2017, commercial applications accounted for the largest market share, in terms of value, in South America marine engines market. The dominance of this segment can be attributed to increasing use of marine engines in commercial activities. Brazil is the leading player in South America marine engines market and is likely to maintain its dominance during forecast period as well on account of growing maritime trade and anticipated economic growth of the country.
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“Growing demand for waterways for freight transportation and rising government investments in shipbuilding industry and inland waterways would drive the demand for marine engines in South America in the coming years. Moreover, insufficient capacity of the cargo containers coupled with rising mergers & acquisition activities by major marine engine manufacturers would further aid the growth of South America marine engines market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“South America Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023’’ has evaluated the future growth potential of South America marine engine market and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in South America marine engines market.
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