Market Forecast By Power Range (Up to 1,000 hp, 1,001 – 5,000 hp, 5,001 – 10,000 hp, 10,001 – 20,000 hp, Above 20,000 hp), By Vessel (Commercial, Offshore support, Others), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, Others), By Engine (Propulsion, Auxiliary), By Type (Two-stroke, Four-stroke) And Competitive Landscape
Product Code: ETC049632 | Publication Date: Jan 2021 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bangladesh Marine Engines Market report thoroughly covers the market by power range, by vessel, by fuel, by engine, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Marine Engines Market is growing at a rapid pace owing to the country's increasing demand for reliable marine engines coupled with its flourishing shipbuilding industry. Additionally, the government's investment in infrastructure projects will further promote economic expansion, which stands to benefit multiple sectors including shipbuilding. Furthermore, foreign companies are showing a growing interest in setting up operations within Bangladesh, offering potential opportunities for both small- and large-scale players within the market.
Bangladesh Marine Engines Market is expected to proliferate in the coming years owing to several growth drivers. The industry offers a range of diesel and gas-powered engines for various types of vessels. The economy of Bangladesh is benefiting from increased investment in infrastructure and transportation, leading to ever-growing demand and resulting in Bangladesh Marine Engines Market Growth. Moreover, government policies also support this trend, while improving port facilities and rising trade levels further add to the momentum. However, competition from global players is a major drawback for local manufacturers. Nevertheless, with potent business strategies, the market is expected to grow as it provides opportunities within niche markets allowing firms to offer specialized products or services.
According to 6Wresearch, the Bangladesh Marine Engines Market is projected to grow massively during the forecast period 2020-2026. The Bangladesh Marine Engines Market has shown promising growth in recent years, and this is expected to continue as the government focuses on developing the nation's maritime infrastructure and increasing exports while also incentivizing investment in energy-efficient and eco-friendly engine technologies. Despite potential challenges such as high initial costs and a lack of specialized labor, collaborating with experienced partners could help overcome these obstacles.
The Bangladesh Marine Engines Market which is a major part of Asia Pacific Marine Engines Market has been adversely affected due to the COVID-19 pandemic. Lockdown measures as well as travel restrictions have disrupted shipping schedules and held back demand for marine engines in the country. Economic uncertainty has had a further impact on the market. Moreover, disruptions in supply chains resulted in reduced production capacity have exaggerated the situation by causing an increase in raw material prices.
The Bangladesh Marine Engines Industry is highly competitive, with the presence of several key players dominating the market share which includes;
According to Ravi Bhandari, Research Head, 6Wresearch, the offshore support segment has been dominating the Bangladesh Marine Engines Market Share due to the expansion of offshore oil and gas activities.
Based on Engine, the propulsion engine segment is expected to witness significant growth due to the increased demand for vessel propulsion power to support expanding offshore operations.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Marine Engines Market Overview |
3.1 Bangladesh Marine Engines Market Revenues & Volume, 2016 - 2026F |
3.2 Bangladesh Marine Engines Market - Industry Life Cycle |
3.3 Bangladesh Marine Engines Market - Porter's Five Forces |
3.4 Bangladesh Marine Engines Market Revenues & Volume Share, By Power Range, 2019 & 2026F |
3.5 Bangladesh Marine Engines Market Revenues & Volume Share, By Vessel, 2019 & 2026F |
3.6 Bangladesh Marine Engines Market Revenues & Volume Share, By Fuel, 2019 & 2026F |
3.7 Bangladesh Marine Engines Market Revenues & Volume Share, By Engine, 2019 & 2026F |
3.8 Bangladesh Marine Engines Market Revenues & Volume Share, By Type, 2019 & 2026F |
4 Bangladesh Marine Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Marine Engines Market Trends |
6 Bangladesh Marine Engines Market, By Types |
6.1 Bangladesh Marine Engines Market, By Power Range |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Marine Engines Market Revenues & Volume, By Power Range, 2016 - 2026F |
6.1.3 Bangladesh Marine Engines Market Revenues & Volume, By Up to 1,000 hp, 2016 - 2026F |
6.1.4 Bangladesh Marine Engines Market Revenues & Volume, By 1,001 Â 5,000 hp, 2016 - 2026F |
6.1.5 Bangladesh Marine Engines Market Revenues & Volume, By 5,001 Â 10,000 hp, 2016 - 2026F |
6.1.6 Bangladesh Marine Engines Market Revenues & Volume, By 10,001 Â 20,000 hp, 2016 - 2026F |
6.1.7 Bangladesh Marine Engines Market Revenues & Volume, By Above 20,000 hp, 2016 - 2026F |
6.2 Bangladesh Marine Engines Market, By Vessel |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Marine Engines Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.2.3 Bangladesh Marine Engines Market Revenues & Volume, By Offshore support, 2016 - 2026F |
6.2.4 Bangladesh Marine Engines Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 Bangladesh Marine Engines Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Marine Engines Market Revenues & Volume, By Heavy Fuel Oil, 2016 - 2026F |
6.3.3 Bangladesh Marine Engines Market Revenues & Volume, By Intermediate Fuel Oil, 2016 - 2026F |
6.3.4 Bangladesh Marine Engines Market Revenues & Volume, By Marine Diesel Oil, 2016 - 2026F |
6.3.5 Bangladesh Marine Engines Market Revenues & Volume, By Marine Gas Oil, 2016 - 2026F |
6.3.6 Bangladesh Marine Engines Market Revenues & Volume, By Others, 2016 - 2026F |
6.4 Bangladesh Marine Engines Market, By Engine |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Marine Engines Market Revenues & Volume, By Propulsion, 2016 - 2026F |
6.4.3 Bangladesh Marine Engines Market Revenues & Volume, By Auxiliary, 2016 - 2026F |
6.5 Bangladesh Marine Engines Market, By Type |
6.5.1 Overview and Analysis |
6.5.2 Bangladesh Marine Engines Market Revenues & Volume, By Two-stroke, 2016 - 2026F |
6.5.3 Bangladesh Marine Engines Market Revenues & Volume, By Four-stroke, 2016 - 2026F |
7 Bangladesh Marine Engines Market Import-Export Trade Statistics |
7.1 Bangladesh Marine Engines Market Export to Major Countries |
7.2 Bangladesh Marine Engines Market Imports from Major Countries |
8 Bangladesh Marine Engines Market Key Performance Indicators |
9 Bangladesh Marine Engines Market - Opportunity Assessment |
9.1 Bangladesh Marine Engines Market Opportunity Assessment, By Power Range, 2019 & 2026F |
9.2 Bangladesh Marine Engines Market Opportunity Assessment, By Vessel, 2019 & 2026F |
9.3 Bangladesh Marine Engines Market Opportunity Assessment, By Fuel, 2019 & 2026F |
9.4 Bangladesh Marine Engines Market Opportunity Assessment, By Engine, 2019 & 2026F |
9.5 Bangladesh Marine Engines Market Opportunity Assessment, By Type, 2019 & 2026F |
10 Bangladesh Marine Engines Market - Competitive Landscape |
10.1 Bangladesh Marine Engines Market Revenue Share, By Companies, 2019 |
10.2 Bangladesh Marine Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |