Marine Diesel Engine Market to Be Worth More Than $8 Billion by 2025 : Anglo Belgian Corporation, BAHRI, Brunswick, BW Group, Caterpillar Inc., Cummins Inc.
The marine diesel engine market is projected to witness substantial growth of over 4% by 2025. Increasing seaborne trade activities on account of growing imports from the developing economies coupled with rising investments in the shipping industry will foster the business landscape. Mounting demand for technically advanced engines owing to factors including low cost, reduced fuel consumption and enhanced efficiency is set to boost the industry scenario. Surging penetration of commercial vessels comprising gas & bulk carriers is one of...
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