South Africa Marine Engines Market (2020-2026) | Growth, Industry, Segmentation, Share, Value, Analysis, Trends, Size, Revenue, Outlook & COVID-19 IMPACT

South Africa Marine Engines Market | Country-Wise Share and Competition Analysis

In the year 2021, Japan was the largest exporter in terms of value, followed by the Netherlands. It has registered a decline of -14.73% over the previous year. While the Netherlands registered a growth of 840.7% as compared to the previous year. In the year 2017, Germany was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, South Africa has a Herfindahl index of 2952 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  1716 which signifies moderately concentrated in the market.

South Africa Marine Engines Market - Export Market Opportunities

Topics Covered in the South Africa Marine Engines Market

The South Africa 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 South Africa Marine Engines Market

South Africa Marine Engines Market is experiencing tremendous growth with new technologies and the need for eco-friendly and efficient engines. Electric engine designs are particularly gaining traction due to their low emissions and high efficiency. There will be more options as manufacturers offer innovative solutions that cater to all types of marine applications. Furthermore, advancement in data analysis technology could enable ship owners to monitor engine parameters remotely, optimize fuel consumption and minimize maintenance downtime while improving safety measures.

South Africa Marine Engines Market Synopsis

South Africa Marine Engines Market has been gaining traction, spurred by steadily increasing demand for marine transportation. This growth is primarily attributed to an expansion of the shipping industry, which facilitates transferring both goods and individuals between oceans and seas. Diesel engines are dominating the market due to their efficiency and superior performance over other engine types. In addition, various environmental factors are leading to a shift towards sustainable power sources like LNG-powered engines. Commercial vessels remain the main contributing factor within South Africa Marine Engines Industry as they are popularly used for freight transportation.

According to 6Wresearch, the South Africa Marine Engines Market is projected to grow massively during the forecast period 2020-26. The market has a promising outlook due to expanded trade, higher demand for petroleum and gas exploration, and tourism. Additionally, trends suggest a move towards fuel-efficient engines that generate fewer carbon emissions. However, high-priced production costs, stringent regulations on emissions, international competition, and the effects of COVID-19 are expected to hinder the South Africa Marine Engines Market Growth. With huge investments in research and development, as well as collaboration between industry leaders for devising efficient strategies, the market is anticipated to proliferate in the forthcoming years.

COVID-19 Impact on the South Africa Marine Engines Market

The COVID-19 crisis has had a major impact on the South Africa Marine Engines Market Share. The travel restrictions and economic uncertainties that followed led to a decrease in demand for marine engines, resulting in supply chain issues and delayed projects. Shipping companies had to reduce their operations or suspend services completely, creating an uncertain environment for engine makers. Furthermore, government lockdown measures caused production shortages and longer delivery times due to diminished workforce availability.

Key Players in the South Africa Marine Engines Market

The South Africa Marine Engines Market which is a major part of the Africa Marine Engines Market has several significant players such as

• Cummins Inc.
• Caterpillar Inc.
• MAN Energy Solutions GmbH
• Volvo Penta Corporation
• Mitsubishi Heavy Industries Ltd.
• Rolls-Royce Power Systems AG
• Wärtsilä Corporation
• Yanmar Co. Ltd.

Market Analysis by Fuel

According to Nitesh Kumar, Research Manager, 6Wresearch, heavy fuel oil is commonly used in large marine engines due to its lower cost. Moreover, Intermediate Fuel Oil is a lighter and cleaner alternative to heavy fuel oil, offering better emissions performance. On the other hand, marine diesel oil is widely used in smaller vessels and offers lower emissions compared to heavy fuel oil. Marine Gas Oil is cleaner than heavy fuel oil and is often used in vessels operating in environmentally sensitive areas. The adoption of marine gas oil and alternative fuels is expected to grow in the years to come due to stricter environmental regulations.

Market Analysis by Engine

By Engines, the propulsion engines are used to power the main propulsion systems of vessels. This segment represents the primary engines driving the vessels. On the other hand, the auxiliary engines are used to power auxiliary systems onboard vessels.

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: 

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

South Africa Marine Engines Market: FAQs