| Product Code: ETC5195426 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Ireland`s marine propulsion engine import market continued to show strong growth with a notable CAGR of 28.67% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -11.68%. The top countries exporting to Ireland were Japan, Thailand, China, Metropolitan France, and the USA. Despite the diverse range of exporting countries, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI), indicating potential market dominance by key players.

In the Europe region, the Marine Propulsion Engine market in Ireland is projected to expand at a stable growth rate of 0.00% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Ireland Marine Propulsion Engine Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Marine Propulsion Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Marine Propulsion Engine Market - Industry Life Cycle |
3.4 Ireland Marine Propulsion Engine Market - Porter's Five Forces |
3.5 Ireland Marine Propulsion Engine Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.6 Ireland Marine Propulsion Engine Market Revenues & Volume Share, By Ship Type, 2021 & 2031F |
4 Ireland Marine Propulsion Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the shipping industry in Ireland |
4.2.2 Increasing demand for energy-efficient propulsion systems |
4.2.3 Government initiatives promoting maritime transportation |
4.3 Market Restraints |
4.3.1 High initial investment cost for marine propulsion engines |
4.3.2 Stringent environmental regulations |
4.3.3 Fluctuating fuel prices impacting operational costs |
5 Ireland Marine Propulsion Engine Market Trends |
6 Ireland Marine Propulsion Engine Market Segmentations |
6.1 Ireland Marine Propulsion Engine Market, By Power Source |
6.1.1 Overview and Analysis |
6.1.2 Ireland Marine Propulsion Engine Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.3 Ireland Marine Propulsion Engine Market Revenues & Volume, By Gas Turbine, 2021-2031F |
6.1.4 Ireland Marine Propulsion Engine Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.5 Ireland Marine Propulsion Engine Market Revenues & Volume, By Others, 2021-2031F |
6.2 Ireland Marine Propulsion Engine Market, By Ship Type |
6.2.1 Overview and Analysis |
6.2.2 Ireland Marine Propulsion Engine Market Revenues & Volume, By Cargo or Contanier Ship, 2021-2031F |
6.2.3 Ireland Marine Propulsion Engine Market Revenues & Volume, By Tanker, 2021-2031F |
6.2.4 Ireland Marine Propulsion Engine Market Revenues & Volume, By Bulk Carrier, 2021-2031F |
6.2.5 Ireland Marine Propulsion Engine Market Revenues & Volume, By Offshore Vessel, 2021-2031F |
6.2.6 Ireland Marine Propulsion Engine Market Revenues & Volume, By Passenger Ship, 2021-2031F |
6.2.7 Ireland Marine Propulsion Engine Market Revenues & Volume, By Others, 2021-2031F |
7 Ireland Marine Propulsion Engine Market Import-Export Trade Statistics |
7.1 Ireland Marine Propulsion Engine Market Export to Major Countries |
7.2 Ireland Marine Propulsion Engine Market Imports from Major Countries |
8 Ireland Marine Propulsion Engine Market Key Performance Indicators |
8.1 Adoption rate of energy-efficient propulsion systems in the marine sector |
8.2 Number of government contracts awarded for maritime transportation projects |
8.3 Research and development investment in eco-friendly propulsion technologies |
8.4 Number of new entrants in the marine propulsion engine market |
9 Ireland Marine Propulsion Engine Market - Opportunity Assessment |
9.1 Ireland Marine Propulsion Engine Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.2 Ireland Marine Propulsion Engine Market Opportunity Assessment, By Ship Type, 2021 & 2031F |
10 Ireland Marine Propulsion Engine Market - Competitive Landscape |
10.1 Ireland Marine Propulsion Engine Market Revenue Share, By Companies, 2024 |
10.2 Ireland Marine Propulsion Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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