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Marine Propulsion Market Opportunities in Ferry and Coastal Transport
The global marine propulsion market is undergoing a steady transformation driven by rising international trade, stricter emission norms, and rapid advancements in sustainable shipping technologies. Valued at US$ 10.4 billion in 2022, the industry is projected to reach US$ 16.6 billion by 2031, expanding at a CAGR of 5.3% during 2023–2031. This growth reflects the maritime sector’s...
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