Malaysia Marine Engine Market Outlook | Analysis, COVID-19 IMPACT, Share, Value, Industry, Size, Forecast, Trends, Revenue, Companies & Growth
Market Forecast By Power (Below 100 Hp, 100.1-500 Hp, 500.1-1000 Hp, Above 1000 Hp), By Propulsion Types (Diesel Engine, Steam Turbine, Gas Turbine, LNG Engine, Others (Nuclear, Fuel Cell, Solar Water Jet and Wind)), By Applications (Commercial, Recreational, Offshore Oil and Gas, Navy, Others (Finishing, Coast Guards, Safety Boats)), By Regions (Peninsular Malaysia Region, Subah Region, Sarawak Region) and Competitive landscape.
| Product Code: ETC150055 | Publication Date: Oct 2021 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 77 | No. of Figures: 16 | No. of Tables: 9 | |
Malaysia Marine Engine Market Competition 2023
Malaysia Marine Engine market currently, in 2023, has witnessed an HHI of 1513, Which has decreased slightly as compared to the HHI of 2011 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Malaysia Export Potential Assessment For Marine Engine Market (Values in USD Thousand)
Malaysia Marine Engine Market report thoroughly covers the market by power, propulsion types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities / high growth areas, market drivers, and market revenue ranking by companies, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Malaysia Marine Engine Market Synopsis
Malaysia marine engine market grew steadily in the period 2017-2019 on the back of government initiatives to recover shipbuilding industry of Malaysia after the slump in 2014-2016. Malaysia is increasing its number of commercial vessels rapidly as 95% of its trade is through sea route which would act as a driver in the overall Malaysia marine engine market. Furthermore, Malaysia has emerged as the second largest producer of palm oil in the world, exporting palm oil products to China, India, Netherlands, Pakistan, Philippines and more. As this trend continues, it is anticipated to augment the demand for marine engines in the forecast period.
According to 6Wresearch, Malaysia Marine Engine Market size is projected to grow at CAGR of 6.4% during 2021-27. The spread of Covid-19 in 2020 resulted in decline of market revenues due to the lockdown measures adopted to curb the spread of the virus, which in turn led to supply chain disruptions and delay in production process. However, as the economic conditions are normalizing and commercial activities are resuming, the market is anticipated to recover by 2022 and register growth thereafter.
Market by Power Analysis
In terms of power, 500.1-1000 Hp and above 1000 Hp cumulatively have captured 75% of the market revenues in 2020, with 500.1-1000 Hp leading the segment. 500.1-1000 Hp accounted for highest market revenue share in 2020 and is expected to continue to lead the market during the forecast period due to its multitude of applications in commercial and oil and gas segment.
Market by Regions Analysis
In Malaysia marine engine market, Peninsular Malaysia region has led the overall market revenues accounting more than 37.1% of the market revenues in 2020. Peninsular Malaysia region acquired highest revenue share in Malaysia marine engine market in 2020 as this region is responsible for majority of the port trade activities and cargo services in the country.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Malaysia Marine Engine Market Overview
- Malaysia Marine Engine Market Outlook
- Malaysia Marine Engine Market Forecast
- Historical Data and Forecast of Malaysia Marine Engine Market Revenues and Volume for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Marine Engine Market Revenues and Volume, By Power for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Marine Engine Market Revenues, By Propulsion Types for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Marine Engine Market Revenues, By Applications for the Period 2017-2027F
- Historical Data and Forecast of Malaysia Marine Engine Market Revenues, By Regions for the Period 2017-2027F
- Market Drivers, Restraints
- Market Trends
- Industry Life Cycle
- Malaysia Marine Engine Market – Porter’s Five Forces
- Market Opportunity Assessment
- Company Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Power
- Below 100 Hp
- 1-500 Hp
- 1-1000 Hp
- Above 1000 Hp
- By Propulsion Types
- Diesel Engine
- Steam Turbine
- Gas Turbine
- LNG Engine
- Others (Nuclear, Fuel Cell, Solar Water Jet and Wind)
- By Applications
- Commercial
- Recreational
- Offshore Oil and Gas
- Navy
- Others (Finishing, Coast Guards, Safety Boats)
- By Regions
- Peninsular Malaysia Region
- Subah Region
- Sarawak Region
Malaysia Marine Engine Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Malaysia marine engine market revenue is anticipated to record a CAGR of 6.4% during 2021-27.
By power, 500.1-1000 Hp segment has dominated the market revenues led by multitude of applications in commercial and oil and gas segment
By power, 500.1-1000 Hp segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Caterpillar Inc., Cummins Inc., Yamaha Motor Co. Ltd, Wärtsilä Corporation, AB Volvo (publ), MAN Energy Solutions SE, Rolls Royce Public Limited Company and Yanmar Holdings Co., Ltd.
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Table of Content |
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1. Executive Summary |
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2. Introduction |
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2.1 Report Description |
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2.2 Key Highlights of the Report |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3. Malaysia Marine Engine Market Overview |
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3.1 Malaysia Marine Engine Market Revenues, 2017-2027F |
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3.2 Malaysia Marine Engine Market - Industry Life Cycle |
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3.3 Malaysia Marine Engine Market - Porter’s Five Forces |
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3.4 Malaysia Marine Engine Market Revenue and Volume Share, By Power, 2020 & 2027F |
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3.5 Malaysia Marine Engine Market Revenue Share, By Propulsion Types, 2020 & 2027F |
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3.6 Malaysia Marine Engine Market Revenue Share, By Applications, 2020 & 2027F |
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3.7 Malaysia Marine Engine Market Revenue Share, By Regions, 2020 & 2027F |
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4. Malaysia Marine Engine Market Covid-19 Impact Analysis |
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5. Malaysia Marine Engine Market Dynamics |
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5.1 Impact Analysis |
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5.2 Market Drivers |
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5.3 Market Restraints |
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6. Malaysia Marine Engine Market Trends |
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7. Malaysia Marine Engine Market Overview, By Power |
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7.1 Malaysia Marine Engine Market Revenues and Volume, By Power, 2017-2027F |
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7.1.1 Malaysia Marine Engine Market Revenues and Volume, By Below 100 Hp, 2017-2027F |
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7.1.2 Malaysia Marine Engine Market Revenues and Volume, By 100.1-500 Hp, 2017-2027F |
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7.1.3 Malaysia Marine Engine Market Revenues and Volume, By 500.1-1000 Hp, 2017-2027F |
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7.1.4 Malaysia Marine Engine Market Revenues and Volume, By Above 1000 Hp, 2017-2027F |
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8. Malaysia Marine Engine Market Overview, By Propulsion Types |
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8.1 Malaysia Marine Engine Market Revenues, By Propulsion Types, 2017-2027F |
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8.1.1 Malaysia Marine Engine Market Revenues, By Diesel Engine, 2017-2027F |
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8.1.2 Malaysia Marine Engine Market Revenues, By Steam Turbine, 2017-2027F |
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8.1.3 Malaysia Marine Engine Market Revenues, By Gas Turbine, 2017-2027F |
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8.1.4 Malaysia Marine Engine Market Revenues, By LNG Engine, 2017-2027F |
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8.1.5 Malaysia Marine Engine Market Revenues, By Others, 2017-2027F |
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9. Malaysia Marine Engine Market Overview, By Applications |
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9.1 Malaysia Marine Engine Market Revenues, By Applications, 2017-2027F |
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9.1.1 Malaysia Marine Engine Market Revenues, By Commercial, 2017-2027F |
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9.1.2 Malaysia Marine Engine Market Revenues, By Recreational, 2017-2027F |
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9.1.3 Malaysia Marine Engine Market Revenues, By Offshore Oil and Gas, 2017-2027F |
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9.1.4 Malaysia Marine Engine Market Revenues, By Navy, 2017-2027F |
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9.1.5 Malaysia Marine Engine Market Revenues, By Others, 2017-2027F |
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10. Malaysia Marine Engine Market Overview, By Regions |
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10.1 Malaysia Marine Engine Market Revenues, By Regions, 2017-2027F |
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10.1.1 Malaysia Marine Engine Market Revenues, By Peninsular Malaysia Region, 2017-2027F |
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10.1.2 Malaysia Marine Engine Market Revenues, By Subah Region, 2017-2027F |
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10.1.3 Malaysia Marine Engine Market Revenues, By Sarawak Region, 2017-2027F |
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11. Malaysia Marine Engine Market Key Performance Indicators |
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12. Malaysia Marine Engine Market Opportunity Assessment |
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12.1 Malaysia Marine Engine Market Opportunity Assessment, By Power, 2027F |
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12.2 Malaysia Marine Engine Market Opportunity Assessment, By Propulsion Types, 2027F |
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12.3 Malaysia Marine Engine Market Opportunity Assessment, By Applications, 2027F |
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12.4 Malaysia Marine Engine Market Opportunity Assessment, By Regions, 2027F |
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13. Malaysia Marine Engine Market Competitive Landscape |
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13.1 Malaysia Marine Engine Market Revenue Ranking, By Companies, 2020 |
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13.2 Malaysia Marine Engine Market Competitive Benchmarking, By Technical Parameters |
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13.3 Malaysia Marine Engine Market Competitive Benchmarking, By Operating Parameters |
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14. Company Profiles |
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14.1 Cummins Inc. |
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14.2 Caterpillar Inc. |
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14.3 Mitsubishi Heavy Industries Engine System Asia Pte Ltd. |
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14.4 Yamaha Motor Co. Ltd. |
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14.5 Mercury Marine |
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14.6 Wärtsilä Corporation |
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14.7 AB Volvo (publ) |
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14.8 MAN Energy Solutions SE |
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14.9 Yanmar Holdings Co., Ltd. |
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14.10 Rolls Royce Public Limited Company |
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15. Key Strategic Recommendations |
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16. Disclaimer |
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List of Figures |
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Figure 1. Malaysia Marine Engine Market Revenues and Volume, 2017-2027F ($ Million, Units) |
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Figure 2. Malaysia Marine Engine Market Revenue Share, By Power, 2020 & 2027F |
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Figure 3. Malaysia Marine Engine Market Volume Share, By Power, 2020 & 2027F |
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Figure 4. Malaysia Marine Engine Market Revenue Share, By Propulsion Types, 2020 & 2027F |
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Figure 5. Malaysia Marine Engine Market Revenue Share, By Applications, 2020 & 2027F |
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Figure 6. Malaysia Marine Engine Market Revenue Share, By Regions, 2020 & 2027F |
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Figure 7. Malaysia Container Port Throughput, 2019-2020 (Million TEU) |
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Figure 8. Malaysia Crude Palm Oil Export, 2019-2021E (Million MT) |
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Figure 9. Malaysia Tourist Arrivals, 2015-2019 (Million) |
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Figure 10. Malaysia Maritime Industry’s Top 5 Partners and their Exports, 2020 ($ Million) |
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Figure 11. Malaysia Marine Engine Market Opportunity Assessment, By Power, 2027F |
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Figure 12. Malaysia Marine Engine Market Opportunity Assessment, By Propulsion Types, 2027F |
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Figure 13. Malaysia Marine Engine Market Opportunity Assessment, By Applications, 2027F |
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Figure 14. Malaysia Marine Engine Market Opportunity Assessment, By Regions, 2027F |
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Figure 15. Malaysia Marine Engine Market Revenue Ranking, By Companies, 2020 |
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Figure 16. Sabah Container Port Throughput, 2020-2036F (Million TEU) |
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List of Tables |
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Table 1. Malaysia Marine Engine Market Revenues, By Power, 2017-2027F ($ Million) |
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Table 2. Malaysia Marine Engine Market Volume, By Power, 2017-2027F (Units) |
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Table 3. Malaysia Marine Engine Market Revenues, By Propulsion Types, 2017-2027F ($ Million) |
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Table 4. Malaysia Marine Engine Market Revenues, By Applications, 2017-2027F ($ Million) |
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Table 5. Malaysia Marine Engine Market Revenues, By Regions, 2017-2027F ($ Million) |
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Table 6. Malaysia Total Merchandise Trade through Maritime, 2005-2020 ($ Million) |
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Table 7. Malaysia Carrying Capacity by Type of Ship, 2005-2020 (Thousand DWT) |
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Table 8. Malaysia Maritime Service Exports by Main Category, 2005-2020 (% of Total Exports) |
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Table 9. Malaysia Total Trade through Maritime in Transport Services, 2005-2020 ($ Million) |
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