Marine Engine Market Growing with CAGR of 4% Due to Rise in Demand for Commercial Vessels Such as Gas Carriers and Bulk Carriers
The Global Marine Engine market is expected to grow at a CAGR of about 4% during the forecast period, 2016 to 2022. Rapid rise in ship building activities in recent times is one of the primary factors driving the demand in the Marine Engine Market. Increasing demand for luxury vessels as a result of increasing disposable income among individuals has been a major contributor to the increasing demand in the marine engine market. Rise in demand for commercial vessels such...
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