Global Marine Engines Market- Market Overview

The global marine engines market is expected to grow from USD 10.8 Billion in 2020 to USD 13.4 Billion by 2028, at a CAGR of 2.8% during the Projection period 2021-2028. This growth of the marine engines market is significantly driven by an upsurge in the adoption of smart engines for safety and situational awareness along with the significant rise in maritime tourism.

Marine Engines are incorporated in marine vehicles for converting heat, which is generated by burning fuel, into the development of thermal energy and further transforming it into mechanical energy. These engines used on board ships or marine vehicles are internal combustion (IC) engines, wherein, the fuel combustion takes place inside the engine cylinder, while the heat is generated after the combustion process. The primary purpose of such engines is marine propulsion and power generation. The two main types of marine diesel engines are 4 stroke engines and 2 stroke engines. 

These marine engines are built inside the facilities of the manufacturers. For instance, MAN Diesel, a German multinational company and provider of large-bore diesel engines and turbomachinery for marine and stationary applications has production facilities of marine engines in Augsburg, Copenhagen, Frederikshavn, Saint-Nazaire, and Shanghai among others.

Request Sample:- Global Marine engines Market

Market Dynamics

Drivers:

• Upsurge in the adoption of smart engines

The need for reduced unplanned stoppages, an extension of engine overhaul intervals, and costs saving through engine performance optimization has led to the upsurge in the adoption of smart engines in the marine industry. In addition to this, the market players are collaborating with each other to meet this rise in demand for smart engines. For instance, in April 2019, WinGD, the developer of low-speed gas and diesel engines for marine propulsion, and ExxonMobil, one of the largest publicly traded international oil & gas companies collaborated to advance the adoption of smart shipping technology to ensure efficient and safe engine operation.       

• Significant rise in maritime tourism

A number of countries across the globe have invested considerably in infrastructure and facilities to make it easier for tourists to travel via roads, air, and marine. For instance, recently, the European Commission implemented a strategy to push growth and increase jobs in the coastal & maritime tourism sector. This growth in the maritime tourism sector consequently boosts demand for marine engines. Hence, growing marine tourism, as well as demand for recreational and passenger’s vessels, is projected to boost the growth of the marine engine market.

Restraints:

• Stringent environmental regulations

There is a varied range of environmental policies, regulations, and subsidy schemes associated with the intensity of emissions caused by harmful gases including CO2, SOx, and NOx. For instance, in January 2020, IMO 2020, a new limit on the sulfur content in the fuel oil used onboard ships came into power. This regulation is introduced by International Maritime Organization (IMO), an agency of the United Nations (UN) which has been formed to promote maritime safety. This regulation is aimed at preserving the environment, improving air quality, and protecting human health. Such regulations hampers 

Opportunities:

• Ongoing demand for dual-fuel engines

Dual-fuel engines are prominently diesel engines that can run on both liquid as well as gaseous fuels. Fuel flexibility is the major advantage of dual-fuel technology-enabled engines.  In addition to this, the dual-fuel engines ensure low cost along with the superior environmental benefits offered by gas. All of the aforementioned factors have significantly led to an upsurge in demand for dual-fuel engines in the marine industry, boosting the growth of the market.

Challenges:

• Disruption due to shipping overcapacity

The demand for ocean transport is growing in conjunction with world trade. However, shipping overcapacity or the oversupply of shipping vessels against demand is being observed in the industry. This has led to a declined number of orders for new vessels. Hence, a reduction in the new shipbuilding orders is projected to create challenges for the growth of the market. 

Segmentation Analysis

The global marine engines market has been segmented based on power range, engine, vessel, type, fuel, and regions.

By Power Range

• The power range segment includes up to 1000 hp, 1001 – 5000 hp, 5001 – 10000 hp, 10001 – 20000 hp, and Above 20000 hp. The 5001-10,000 hp segment led the marine engines market with a market share of around 34.5% in 2020. This growth of the segment is mainly driven by the growing adoption of such engines in military patrol boats, commercial medium-sized passenger ferries, and maritime tourism. However, the above 20000 hp segment is expected to witness the highest growth rate during the Projection period due to the extensive adoption of >20,000 hp engines in tugboats, yachts, and submarines.

By Engine

• The component type segment includes propulsion and auxiliary. The propulsion segment held the largest market share of 72.6% in 2020. Propulsion is the major function of the marine engine which is used to generate thrust to enable a boat, a ship, or any marine vehicle to move across waterways. This need for propulsion systems in marine vehicles primarily boosts the growth of this segment. However, the auxiliary segment is expected to witness the highest CAGR during the Projection period.

By Vessel

• The vessel segment includes commercial, offshore, and others. The commercial segment held the largest market share of 46.2% in 2020. The growth of this segment is mainly driven by a significant rise in international cargo movement and freight trade. In addition to this, the factors such as increased maritime trade across the developing countries are projected to boost the growth of the commercial segment. However, the offshore segment is expected to witness a significant CAGR during the Projection period.

By Type

• The type segment includes two-stroke and four-stroke. The two-stroke segment held the largest market share of 54.3% in 2020. The growth of this segment is mainly driven by the fact that the two-stroke engine burns low-grade fuel oil and reduces the running cost of the ship. In addition, they are more commonly used as the main engine for a large ocean-going merchant vessel, further fueling the growth of the segment. However, the four-stroke segment is projected to experience the highest CAGR during the Projection period due to reduced noise levels, high speed, and greater fuel proficiency offered by such engines.

By Fuel

• The Fuel segment includes heavy, intermediate, marine diesel, gas oil, and others. The heavy fuel oil segment held the largest market share of 31.2% in 2020. Increasing usage of heavy fuel oil in the low- and medium-speed engines primarily drives the growth of the heavy fuel oil segment. However, the gas-oil segment is expected to witness the highest growth rate during the Projection period.

By Regional Analysis

The regions analyzed for the Marine Engines market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. The Asia-Pacific region dominated the Marine Engines market and held the 38.4% share of the market revenue in 2020.

• The Asia-Pacific holds tremendous potential for marine engines production and demand. For instance, the number of countries such as Japan, China, and South Korea is the major manufacturing hubs for marine engines. In addition to this, the region is seeing huge growth in investments across commercial freight transport and shipbuilding, further boosting market size.
• The European region is likely to register significant growth during the Projection period. This is mainly due to the robust infrastructure for shipping which provides a major competitive advantage to the regional market growth.

Key Industry Players Analysis

Key market players are focusing on new launches

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global Marine Engines industry.

For instance, in November 2020, Volvo Penta, the Sweden-based engine manufacturer launched new and upgraded products. This launch includes a new D16 IMO Tier III package, along with the D8 and D13 solutions that meet EU Stage V marine emissions for Inland Waterways.

In August 2020, Caterpillar Marine, one of the leading market players launched the Cat C32B diesel, a new marine engine. This launch increases the power capability of the C32 high-performance product line.

In June 2020, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIES) signed an agreement with Seika Corp. under which the domestic marine engine sales and parts servicing operations currently performed by MHIES will be transferred to Seika Corporation.

• Hyundai Heavy Industries
• Mitsubishi Heavy Industries
• Volvo Penta
• Rolls-Royce
• Caterpillar
• MANSE
• Cummins
• Wartsila
• GE Transportation
• Deutz AG

Latest Development

• November 2021- WinGD, the marine engine designer and power system integrator, and Hyundai Heavy Industries’ Engine Machinery Division (HHI-EMD) strengthened their collaboration to develop environmentally sustainable two-stroke engine technology.
• May 2020- Hindustan Aeronautics Limited (HAL) signed a memorandum of understanding (MoU) with Rolls-Royce to establish a support system in India for the highly regarded Rolls-Royce MT30 marine engines.

Report Metrics

Report Attribute	Details
Projection period	2021-2028
Base year considered	2020
CAGR (%)	2.8%
Market Size	10.8 Billion in 2020
Projection unit	Value (USD)
Segments covered	Power Range, Engine, Vessel, Type, Fuel, and Regions
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Hyundai Heavy Industries, Mitsubishi Heavy Industries, Volvo Penta, Rolls-Royce, Caterpillar, MAN SE, Cummins, Wartsila, GE Transportation, and Deutz AG among others.
By Power Range	Up to 1000 hp 1001 – 5000 hp 5001 – 10000 hp 10001 – 20000 hp Above 20000 hp
By Engine	Propulsion Auxiliary
By Vessel	Commercial Offshore Others
By Type	Two-stroke Four-stroke
By Fuel	Heavy Intermediate Marine Diesel Gas Oil Others
Regional scope	North America USA Canada Mexico Europe Germany France UK Italy Spain Russia Asia-Pacific Japan China India Korea Southeast Asia South America Brazil Peru Middle East and Africa UAE South Africa Saudi Arabia

Scope of the Report

Global Marine Engines Market by Power Range:

• Up to 1000 hp
• 1001 – 5000 hp
• 5001 – 10000 hp
• 10001 – 20000 hp
• Above 20000 hp

Global Marine Engines Market by Engine:

• Propulsion
• Auxiliary

Global Marine Engines Market by Vessel:

• Commercial
• Offshore
• Others

Global Marine Engines Market by Type:

• Two-stroke
• Four-stroke

Global Marine Engines Market by Fuel:

• Heavy
• Intermediate
• Marine Diesel
• Gas Oil
• Others

Global Marine Engines Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political- The European Commission implemented a strategy to push growth and increase jobs in the coastal & maritime tourism sector. There is valid range of policies and regulations governing the Marine engines market.

Economic- A number of countries across the globe have invested considerably in infrastructure and facilities to make it easier for tourists to travel via roads, air, and marine. In addition to this, the market players are collaborating and investing in the development of marine engines to meet this rise in demand for smart engines.

Social- The Asia-Pacific holds tremendous potential for marine engines production and demand. For instance, the number of countries such as Japan, China, and South Korea is the major manufacturing hubs for marine engines. In addition to this, the region is seeing huge growth in investments across commercial freight transport and shipbuilding, further boosting market size. The European region is likely to register significant growth during the Projection period. This is mainly due to the robust infrastructure for shipping which provides a major competitive advantage to the regional market growth.

Technological- Caterpillar Marine, one of the leading market players launched the Cat C32B diesel, a new marine engine. This launch increases the power capability of the C32 high-performance product line. Volvo Penta, the Sweden-based engine manufacturer launched new and upgraded products. This launch includes a new D16 IMO Tier III package, along with the D8 and D13 solutions that meet EU Stage V marine emissions for Inland Waterways.

Environmental- There is a varied range of environmental policies, regulations, and subsidy schemes associated with the intensity of emissions caused by harmful gases including CO2, SOx, and NOx. For instance, in January 2020, IMO 2020, a new limit on the sulfur content in the fuel oil used onboard ships came into power. This regulation is introduced by International Maritime Organization (IMO), an agency of the United Nations (UN) which has been formed to promote maritime safety. This regulation is aimed at preserving the environment, improving air quality, and protecting human health. Such regulations hampers

Legal- Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIES) signed an agreement with Seika Corp. under which the domestic marine engine sales and parts servicing operations currently performed by MHIES will be transferred to Seika Corporation.

1. Introduction
   • Objectives of the Study
   • Market Definition
   • Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • Porter’s Five Forces Analysis
   • Value Chain Analysis
   • Top Investment Pockets
     • Market Attractiveness Analysis By Power Range
     • Market Attractiveness Analysis By Engine
     • Market Attractiveness Analysis By Vessel
     • Market Attractiveness Analysis By Type
     • Market Attractiveness Analysis By Fuel
   • Industry Trends
5. Market Dynamics
   • Market Evaluation
   • Drivers
     • Upsurge in adoption of smart engines
     • Significant rise in maritime tourism
   • Restrains
     • Stringent environmental regulations
   • Opportunities
     • Ongoing demand for dual-fuel engines
   • Challenges
     • Disruption due to shipping overcapacity

6. Global Hybrid Vehicle Market Analysis and Forecast, By Power Range
   • Segment Overview
   • Up to 1000 hp
   • 1001 – 5000 hp
   • 5001 – 10000 hp
   • 10001 – 20000 hp
   • Above 20000 hp
7. Global Hybrid Vehicle Market Analysis and Forecast, By Engine
   • Segment Overview
   • Propulsion
   • Auxiliary
8. Global Hybrid Vehicle Market Analysis and Forecast, By Vessel
   • Segment Overview
   • Commercial
   • Offshore
   • Others
9. Global Hybrid Vehicle Market Analysis and Forecast, By Type
   • Segment Overview
   • Two-stroke
   • Four-stroke
10. Global Hybrid Vehicle Market Analysis and Forecast, By Fuel
    • Segment Overview
    • Heavy
    • Intermediate
    • Marine Diesel
    • Gas Oil
    • Others
11. Global Hybrid Vehicle Market Analysis and Forecast, By Regional Analysis
    • Segment Overview
    • North America
      • S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • K.
      • Italy
      • Spain
    • Asia-Pacific
      • Japan
      • China
      • India
    • South America
      • Brazil
    • Middle East and Africa
      • UAE
      • South Africa

12. Global Hybrid Vehicle Market-Competitive Landscape
    • Overview
    • Market Share of Key Players in the Hybrid Vehicle Market
      • Global Company Market Share
      • North America Company Market Share
      • Europe Company Market Share
      • APAC Company Market Share
    • Competitive Situations and Trends
      • Power Range Launches and Developments
      • Partnerships, Collaborations, and Agreements
      • Mergers & Acquisitions
      • Expansions

13. Company Profiles
    • Hyundai Heavy Industries
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Mitsubishi Heavy Industries
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Volvo Penta
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Rolls-Royce
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Caterpillar
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • MAN SE
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Cummins
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Wartsila
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • GE Transportation
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis
    • Deutz AG
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Power Range Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
2. Global Up to 1000 hp Market, By Region, 2020–2028(USD Billion)
3. Global 1001 – 5000 hp Market, By Region, 2020–2028(USD Billion)
4. Global 5001 – 10000 hp Market, By Region, 2020–2028(USD Billion)
5. Global 10001 – 20000 hp Market, By Region, 2020–2028(USD Billion)
6. Global Above 20000 hp Market, By Region, 2020–2028(USD Billion)
7. Global Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
8. Global Propulsion Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
9. Global Auxiliary Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
10. Global Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
11. Global Commercial Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
12. Global Offshore Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
13. Global Others Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
14. Global Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
15. Global Two-stroke Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
16. Global Four-stroke Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
17. Global Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
18. Global Heavy Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
19. Global Intermediate Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
20. Global Marine Diesel Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
21. Global Gas Oil Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
22. Global Others Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
23. Global Hybrid Vehicle Market, By Region, 2020–2028(USD Billion)
24. Global Hybrid Vehicle Market, By North America, 2020–2028(USD Billion)
25. North America Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
26. North America Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
27. North America Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
28. North America Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
29. North America Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
30. US Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
31. US Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
32. US Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
33. US Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
34. US Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
35. Canada Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
36. Canada Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
37. Canada Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
38. Canada Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
39. Canada Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
40. Mexico Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
41. Mexico Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
42. Mexico Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
43. Mexico Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
44. Mexico Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
45. Europe Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
46. Europe Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
47. Europe Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
48. Europe Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
49. Europe Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
50. Germany Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
51. Germany Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
52. Germany Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
53. Germany Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
54. Germany Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
55. France Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
56. France Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
57. France Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
58. France Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
59. France Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
60. UK Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
61. UK Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
62. UK Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
63. UK Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
64. UK Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
65. Italy Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
66. Italy Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
67. Italy Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
68. Italy Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
69. Italy Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
70. Spain Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
71. Spain Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
72. Spain Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
73. Spain Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
74. Spain Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
75. Asia Pacific Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
76. Asia Pacific Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
77. Asia Pacific Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
78. Asia Pacific Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
79. Asia Pacific Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
80. Japan Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
81. Japan Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
82. Japan Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
83. Japan Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
84. Japan Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
85. China Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
86. China Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
87. China Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
88. China Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
89. China Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
90. India Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
91. India Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
92. India Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
93. India Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
94. India Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
95. South America Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
96. South America Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
97. South America Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
98. South America Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
99. South America Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
100. Brazil Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
101. Brazil Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
102. Brazil Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
103. Brazil Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
104. Brazil Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
105. Middle East and Africa Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
106. Middle East and Africa Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
107. Middle East and Africa Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
108. Middle East and Africa Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
109. Middle East and Africa Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
110. UAE Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
111. UAE Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
112. UAE Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
113. UAE Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
114. UAE Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)
115. South Africa Hybrid Vehicle Market, By Power Range, 2020–2028(USD Billion)
116. South Africa Hybrid Vehicle Market, By Engine, 2020–2028(USD Billion)
117. South Africa Hybrid Vehicle Market, By Vessel, 2020–2028(USD Billion)
118. South Africa Hybrid Vehicle Market, By Type, 2020–2028(USD Billion)
119. South Africa Hybrid Vehicle Market, By Fuel, 2020–2028(USD Billion)

List of Figures

1. Global Hybrid Vehicle Market Segmentation
2. Hybrid Vehicle Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Hybrid Vehicle Market Attractiveness Analysis By Power Range
9. Global Hybrid Vehicle Market Attractiveness Analysis By Engine
10. Global Hybrid Vehicle Market Attractiveness Analysis By Vessel
11. Global Hybrid Vehicle Market Attractiveness Analysis By Type
12. Global Hybrid Vehicle Market Attractiveness Analysis By Fuel
13. Global Hybrid Vehicle Market Attractiveness Analysis By Region
14. Global Hybrid Vehicle Market: Dynamics
15. Global Hybrid Vehicle Market Share By Power Range(2021 & 2028)
16. Global Hybrid Vehicle Market Share By Engine(2021 & 2028)
17. Global Hybrid Vehicle Market Share By Vessel(2021 & 2028)
18. Global Hybrid Vehicle Market Share By Type(2021 & 2028)
19. Global Hybrid Vehicle Market Share By Fuel (2021 & 2028)
20. Global Hybrid Vehicle Market Share by Regions (2021 & 2028)
21. Global Hybrid Vehicle Market Share by Company (2020)