This new report, published by business analysts Douglas-Westwood, examines the future prospects for the marine propulsion sector. Using data from industry specialists Lloyd's Register-Fairplay the report gives a detailed analysis of the sector and shows the trends impacting on engine deliveries. A specially developed model is used to forecast the market over the next five years and results are output as a series of tables and charts, segmented by region and vessel type. The forecasts include annual newbuilds, power requirements categorised by vessel type and the value of the propulsion system market up to 2007.
Engine deliveries are analysed by engine type and manufacturer for the 9,789 vessel deliveries over the past five years and the market shares established for all the significant players in the market. The results show the significant increase in vessel average engine power, the major shift in market share amongst the leading manufacturers and highlight the strong rise of the South East Asian suppliers. Analysis includes the relationship between global GDP and world seaborne trade growth, vessel deliveries by type, gross tonnage output, total propulsive power and the number of vessels delivered by region and the major manufacturers market share by engine and vessel type. Trends in engine development consider the effects of current & future regulatory requirements and demands for improvements in emission performance and fuel consumption. A section of the report discusses the needs of the special vessel fleet including offshore, towing and cruise vessels. Market forecasts are based on the macro-economic, technical and commercial trends in the marine industry for vessels and different types of propulsion system up to 2007.