Global Marine Fuel Injection System Market Expected to Growth at a CAGR of 3.4% during 2017-2027

Posted on 2018-01-22 by Mark Hub in Automotive // 0 Comments

Albany, USA, 2018-Jan-22 — /EPR Network/ —This research report offers a comprehensive analysis of the “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)” The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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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.

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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.

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