The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
Global Marine Propeller Market size is projected to be valued $7 Billion by 2025; with a CAGR of 3% from 2017 to 2025. Marine propellers are the standard propulsion mechanism for surface ships and underwater vehicles. A propeller is a rotating fan-like structure which is designed to produce an adequate thrust to propel a vessel at a required speed with some care taken in ensuring some reasonable propulsive efficiency. The angle of a propeller’s blades and its overall shape and size affect the thrust and so does the speed of the engine.
Growth in international seaborne trade and ongoing global investments by government in the shipbuilding industry and inland waterways are the primary factors to drive the growth of the global marine propeller market. Moreover, increasing navy budgets worldwide and technical advancement in marine propulsion system is expected to generate lucrative growth opportunities for the market in the forecast timeframe.
Material, type, number of plates, propulsion, application, end-user, and geography are the segments of the global marine propeller market. The material segment is sub-segmented into stainless steel, aluminium, bronze, nickel-aluminium bronze, and other materials. By type, the segmentation is given as propellers, thrusters, and other types. 3-blades, 4-blades, 5-blades, and others number of blades are the bifurcation of number of blades. Propulsion is categorized into inboard, outboard, sterndrive, and other propulsions. Merchant ships, naval ships, recreational boats, and other applications are covered under application segment. Furthermore, OEM and aftermarket are included into end-user segment.
On the basis of geography, global marine propeller market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consists of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Major companies operating in the global marine propellermarket areMitsubishi Heavy Industries, Ltd., Rolls-Royce plc, MAN Diesel & Turbo, Caterpillar Inc., Hyundai Heavy Industries Co., Ltd., Changzhou Chonghai Marine Propeller Co., Ltd, MecklenburgerMetallgussGmbH, Nakashima Propeller Co., Ltd., Kawasaki Heavy Industries, Ltd., and Teignbridge Propellers International Limited, others.
The key takeaways from the report
The detailed analysis of global marine propellermarketwith respect to key segments such material, type, number of plates, propulsion, application, end-user, and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of global marine propellermarkethas been covered in the report
Profile of the major key players operating in the global marine propeller market will be provided, with detailed study on their key financials, product & services, new developments and business strategies.
Scope of the Global Marine Propeller Market
Rest of Europe
Rest of Asia-Pacific
The Middle East