Bangladesh Marine Engines Market (2020-2026) | Forecast, Analysis, COVID-19 IMPACT, Growth, Outlook, Size, Revenue, Trends, Industry, Share, Value & Companies

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

Topics Covered in the Bangladesh Marine Engines Market

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.

Latest (2023) Development of the Bangladesh Marine Engines Market

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 Synopsis

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.

COVID-19 Impact on the Bangladesh Marine Engines Market

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.

Key Players in the Bangladesh Marine Engines Market

The Bangladesh Marine Engines Industry is highly competitive, with the presence of several key players dominating the market share which includes;

  • Caterpillar Inc.
  • Cummins Inc.
  • Wärtsilä Corporation
  • MAN Energy Solutions SE
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce plc
  • Volvo Penta AB
  • Brunswick Corporation (Mercury Marine)
  • Deutz AG.
  • Yanmar Holdings Co., Ltd

Market Analysis by Vessel

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.

Market Analysis by Engine

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.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2016 to 2019.
  • Base Year: 2019.
  • Forecast Data until 2026.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Reports:

  • Bangladesh Marine Engines Market Outlook
  • Market Size of Bangladesh Marine Engines Market, 2019
  • Forecast of Bangladesh Marine Engines Market, 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Revenues & Volume for the Period 2016 - 2026
  • Bangladesh Marine Engines Market Trend Evolution
  • Bangladesh Marine Engines Market Drivers and Challenges
  • Bangladesh Marine Engines Price Trends
  • Bangladesh Marine Engines Porter's Five Forces
  • Bangladesh Marine Engines Industry Life Cycle
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Power Range for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Up to 1,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By 1,001 ? 5,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By 5,001 ? 10,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By 10,001 ? 20,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Above 20,000 hp for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Vessel for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Commercial for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Offshore support for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Fuel for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Heavy Fuel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Intermediate Fuel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Marine Diesel Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Marine Gas Oil for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Engine for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Propulsion for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Auxiliary for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Type for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Two-stroke for the Period 2016 - 2026
  • Historical Data and Forecast of Bangladesh Marine Engines Market Revenues & Volume By Four-stroke for the Period 2016 - 2026
  • Bangladesh Marine Engines Import Export Trade Statistics
  • Market Opportunity Assessment By Power Range
  • Market Opportunity Assessment By Vessel
  • Market Opportunity Assessment By Fuel
  • Market Opportunity Assessment By Engine
  • Market Opportunity Assessment By Type
  • Bangladesh Marine Engines Top Companies Market Share
  • Bangladesh Marine Engines Competitive Benchmarking By Technical and Operational Parameters
  • Bangladesh Marine Engines Company Profiles
  • Bangladesh Marine Engines Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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
Bangladesh Marine Engines Market: FAQs
Diesel engines, gasoline engines, and outboard motors are the major types of marine engines which are extensively found in the country.
The expansion of the country's fishing industry, infrastructure development in coastal areas, and growing recreational boating are the factors that contribute to the overall development of the marine engines market in Bangladesh.
The government of Bangladesh has implemented various initiatives to promote the market such as providing subsidies and incentives for the purchase of eco-friendly engines, improving infrastructure for the marine industry, and promoting research and development.
Yes, there are maintenance options available for marine engines in the country such as authorized service centers, workshops, and technicians.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 – 5,000 hp, 2016 - 2026F
6.1.5 Bangladesh Marine Engines Market Revenues & Volume, By 5,001 – 10,000 hp, 2016 - 2026F
6.1.6 Bangladesh Marine Engines Market Revenues & Volume, By 10,001 – 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
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