According to a recently published TechSci Research report “Middle East & Africa Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023’’, Middle East & Africa marine engines market is projected to reach $ 1 billion by 2023. Rising demand for ships across countries like the United Arab Emirates (particularly Dubai and Abu Dhabi), Saudi Arabia, Oman and Qatar, due to presence of major ports and shipyards in these countries is pushing demand for marine engines across the region. Moreover, the region is developing as a dynamic maritime hub of shipbuilding, repair, offshore and shipping, and has the largest ship repair facility which is likely to aid the growth of marine engines market across Middle East & Africa in the coming years. Additionally, increasing demand for commercial fleets and boats for recreational purposes is further augmenting the demand for marine engines across the region.
Browse 5 market data Tables and 41 Figures spread through 69 Pages and an in-depth TOC on "Middle East & Africa Marine Engines Market"
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Manufacturing companies are providing a wide range of marine engines and related services, including troubleshooting, repairs and scheduled overhauls, due to growing demand for tanker and container vessels across the Middle East & Africa. Moreover, bulk and gas carriers used for transportation of natural gas and other cargos is further contributing to the growing demand for marine engines. This demand is further anticipated to increase during forecast period. Few major companies operating in Middle East & Africa marine engines market include Mitsubishi Corporation, MAN SE, Wartsila Corporation, Caterpillar Inc., Volvo Penta, Rolls Royce Holding Plc., Cummins Inc., and General Electric, among others.
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“Rising demand for ferries and tug boats is boosting the demand for marine engines across Middle East & Africa. Moreover, growing demand for marine engines for commercial as well as recreational use would further aid the growth of the market during the forecast period. Additionally, growing seaborne trade globally is expected to steer growth in the Middle East & Africa marine engines market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Middle East & Africa Marine Engines Market By Type, By Application, By Engine Power Rating, By Country, Competition Forecast & Opportunities, 2023’’ has evaluated the future growth potential of Middle East & Africa 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 Middle East & Africa marine engines market.
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