Global Yacht Engine Market 2020-2025

    In Stock

    GLOBAL YACHT ENGINE MARKET

     

    INTRODUCTION

    Yachts need lot less power to move on water as compared to cars on land. For comparison, as a rule of thumb, 3hp per tonne of displacement, is sufficient to move a yacht whereas a minimum 70hp per tonne is required for an entry level car.

     

     

    YACHT ENGINE MARKET DYNAMICS

     

    SI no Timeline Company New Developments
    1 November 2021 MAN Engines MAN engines will extend their partnership with Princess Yachts till 2025.
    2 November 2021  Mtu Engines Mtu engines and Zhenjiang shipyard will join to promote the development of tugboats with mtu engines in China.
    3 September 2021 MAN Engines For the first time MAN engines will be supplying engines to French yacht and motorboat manufacturer BENETEAU.
    4 June 2021 MAN Engines MAN engine will expand its sales and service for marine and marine engineers in the port of Doha, Qatar.
    5 February 2021 Invictus Yacht  The Italian boatbuilder Invictus has chosen Yamaha in order to power their models of its boat lines.

     

     

    The average power of yacht engines has been steadily increasing in recent years.  The yacht manufacturers typically equip their products with higher output engines so that they run at lower revs, being more economical and suited for long distance cruising

     

    infographic: Yacht Engine Market, Yacht Engine Market Size, Yacht Engine Market trends and forecast, Yacht Engine Market Risks, Yacht Engine Market report

    All yacht builders rely on a handful of European engine manufacturers for yacht propulsion solution. Sometimes the agreement or partnership can extend for multiple years and platforms. For example, In Oct 2018 Britain based Sunseeker signed a new framework agreement for the supply of MTU Series 2000 and 4000 engines for its 86Y, 95Y, 116Y, 131Y range of yachts.

     

    Dual engine propulsion are very common on yachts over 40ft in length but Azimut raised the bar when Azimut S6 was launched in Dec 2019 with triple propulsion Volvo Penta IPS 700 system. The inherent advantages of triple propulsion units are improved fuel efficiency, reducing noise and vibrations.

     

     

    ELECTRIFICATION IN YACHT ENGINE MARKET

    Although, much of the market is still captured by Diesel engines, electric propulsion is also catching up thick and fast. For example,

    Jan 2020-Germany based Torqeedo signed an agreement with Netherlands based Waterworld to distribute inboard electric motors in Europe.

    June 2020– New Zealand based waterjet manufacturer Hamilton unveiled its new EHX range, Electro-Hybrid Drive.

    July 2019– Volvo Penta signed a partnership with ABB, and the University of Chalmers to study solutions for rapid charging of dockside vessels

    Sep 2018– MAN debuted V12-2000 and V8-1300 marine engines at the 2018 Cannes Yachting Festival

    June 2018– Volvo Penta unveiled its first adaptive electric hybrid engine on the counter-rotating IPS engines with market launch planned for 2020-2021

     

     

    YACHT ENGINE MARKET SIZE AND FORECAST

    The global yacht engine market is estimated at $XX Million in 2020, growing at 4.1% CAGR till 2025

     

     

    NEW PRODUCT LAUNCHES

    Aug 2020: Scania launched two all new marine engines in the US aimed at Cruising yacht market. The two diesel engines have power output of 900hp and 1150 hp respectively

     

    June 2019– Volvo Penta launched D4 and D6 engines, with 3.7L and 5.5L displacement respectively with power output range of 150-480hp

     

    RECENT DEVELOPMENTS IN YACHT ENGINE MARKET

     

    SI no Timeline Company Developments
    1 August 2021 YANMAR YANMAR Marine Internationals has successfully installed the new high horsepower 6LF diesel engines, with outstanding reports in Europe.
    2 August 2021 Ferretti For their 45-foot motor yacht Ferretti has relied on the YANMAR triple-engine propulsion package.
    3 May 2021 MAN Engines MAN engines are moving towards zero-emission mobility and creating hybrid engines for more performance, comfortable cruising on Yachts and in ships. 

     

     

    Maritimo, an Australian yacht builder, has chosen mtu as the official high-horsepower engine choice for its new flagship yachts, with select future models to follow.

     

    The deal specifies the mtu brand of engine from Rolls-Royce Power Systems as the exclusive engine choice for Maritimo engines ranging from 1200 to 1625 horsepower. The first mtu-powered watercraft will be on the water, according to Maritimo.

     

    Various mtu engine options, with ZF gears, mtu control systems, mtu joystick, and position hold options will be available in the M75 Flybridge, S75 Sedan, and M600 & S600 Offshore variants, which will be represented locally by Penske Australia & New Zealand.

     

    Because both businesses have comparable values in terms of the items they produce, which are of extremely high quality, highly functional, and dependable, and are backed up by exceptional customer care and service.

     

    The mtu engine option from Maritimo provides owners with a purpose-built marine power unit as well as real-time back-to-base monitoring service from anywhere on the planet.

     

    The mtu engines are all constantly rated, offering Maritimo owners the opportunity to operate at 100% load at any moment, delivering additional power and torque.

     

    It discovered a common ground with the brand and their shared goal of minimising the cost of ownership over time. Over and above the original purchase, mtu delivers considerable benefits in terms of efficiency and maintenance expenses.

     

    The way Maritimo and mtu both aspire to build engineering with built-in simplicity, producing greater ease of use and a more joyful ownership experience, further aligns the two firms’ main purpose. Penske Australia & New Zealand, with its network of 16 strategically situated branches and remote field service locations, will deliver the engine packages.

     

     

     

    COMPETITIIVE LANDSCAPE

     

    SI no Timeline  Company Sales
    1 Q3-2021 Caterpillar The third quarter sales was about $12.4 billion with a 25% increase Y-o-Y 
    2 Q3-2021 Cummins Inc At the end of the third quarter, the revenue of Cummins was $6 billion.

     

    Volvo Penta is among the global market leaders in yacht engine market. Till date it has sold more than 105,000 units worldwide. Volvo Penta is also among the biggest innovators with latest generation engines featuring Diamond Like Carbon (DLC) coating on the piston pin to reduce friction and increase durability. The common rail fuel injection system has higher pressure – 2,000 bar at par with automotive engines.

     

    In July 2020, Invictus yacht launched a new TT460 model powered by Volvo Penta`s D6 IPS package.

     

    In Jan 2020, Italian Yacht builder Cranchi unveiled its biggest 78 foot yacht powered by Volvo Penta D13-IPS1350 and North American builder Palm Beach Motor yachts showcased GT60 with the twin Volvo Penta IPS 1350s.

     

    Rolls Royce owned MTU is also one of the leading yacht engine manufacturer. It is now offering integrated bridge systems – MTU Smart Bridge – for both series production yachts and mega yachts. It has developed integrated solution for IMO 3 consisting of propulsion system and SCR exhaust gas aftertreatment system which are optimally matched, designed for flexible installation and low on maintenance. 

     

    In Sep 2019, MTU said it will gradually introduce a range of completely integrated and modular MTU hybrid marine propulsion systems for production yachts with a power range extending from approximately 1000 kW to 4000 kW per powertrain. 

     

    YANMAR MARINE INTERNATIONAL is introduced its new 6LF and 6LT series of marine diesel engines in Jan 2020. Yanmar now offers a complete propulsion package including engine, ZF transmission, and VC20 vessel control system.

     

    COMPANY PROFILES

    1. Volvo Penta
    2. Scania
    3. Cummins
    4. MTU
    5. MAN
    6. Torqeedo
    7. Yanmar Marine International
    8. Bukh
    9. Steyr Motors
    10. Caterpillar

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
    19 Market Segmentation, Dynamics and Forecast by Application, 2020-2025
    20 Market Segmentation, Dynamics and Forecast by End use, 2020-2025
    21 Product installation rate by OEM, 2020
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2020
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop