Malaysia Marine Engine Market Outlook
Market Forecast By Power (Below 100 Hp, 100.1-500 Hp, 500.1-1000 Hp, Above 1000 Hp), By Propulsion Types (Diesel Engine, Steam Turbine, Gas Turbine, LNG Engine, Others (Nuclear, Fuel Cell, Solar Water Jet And Wind)), By Applications (Commercial, Recreational, Offshore Oil And Gas, Navy, Others (Finishing, Coast Guards, Safety Boats)), By Regions (Peninsular Malaysia Region, Subah Region, Sarawak Region) And Competitive Landscape. According to 6Wresearch, Malaysia Marine Engine Market size is projected to grow at CAGR of 6.4% during 2021-27. The spread of Covid-19 in 2020 resulted in decline of market revenues due to the lockdown measures adopted to curb the spread of the virus, which in turn led to supply chain disruptions and delay in production process. However, as the economic conditions are normalizing and commercial activities are resuming, the market is anticipated to recover by 2022 and register growth thereafter. Malaysia marine engine market grew significantly from...