Marine Propeller Market

Marine Propeller - Global Market Outlook (2018-2027)

4.6 (86 reviews)
Published: December 2019 ID: SMRC18782
4.6 (86 reviews)
Published: December 2019 ID: SMRC18782

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Marine Propeller Market accounted for $4.85 billion in 2018 and is expected to reach $7.27 billion by 2027 growing at a CAGR of 4.6% during the forecast period. Growth in global seaborne trade, developments in shipbuilding industry, high demand from maritime tourism are the factors driving the market growth. However, the occurrence of accidents due to propellers may hinder the market growth.

Marine propellers function from the rear side of the ships, and create the needed thrust to propel the movement across the water bodies.

By Type, Propellers segment is likely to have a huge demand during the forecast period. The propeller is a fan-like structure that transmits power by changing over rotational movement into push. These are generally used in naval vessels and are made of various alloys. Marine propellers help improve the effectiveness of naval vessels. Based on geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the involvement of shipbuilding industry in the manufacture of complex naval vessels. Also, the marine equipment industry in Asia Pacific offers a broad range of products. The demand for marine propellers in the defense segment is projected to increase, owing to the ongoing regional conflicts among various countries.

Some of the key players profiled in the Marine Propeller Market include Caterpillar, Volvo, Hyundai Heavy Industries, Rolls-Royce, Kawasaki Heavy Industries, Man SE, Wartsila, Teignbridge Propellers International Limited, Nakashima Propeller, Brunswick, Changzhou Chonghai Marine Propeller Co Ltd, Schottel, Veem Ltd, Schaffran Propeller + Service GmbH, and Mecklenburger Metallguss GmbH.    

Materials Covered:
• Stainless Steel
• Aluminium
• Nickel-Aluminium Bronze
• Bronze
• Other Materials 
Engine Types Covered:
• Heavy Duty Engine
• Medium Duty Engine
• Light Duty Engine 

Number of Blades Covered:
• 5-Blade
• 4-Blade
• 3-Blade

Types Covered:
• Propellers
• Thrusters

Propulsions Covered:
• Sterndrive
• Inboard
• Outboard
• Other Propulsions

Sales Channels Covered:
• Distribution Channel
• Direct Channel

Ship Types Covered:
• Cargo or Container Ships
• Passenger Ships
• Offshore Vessels
• Bulk Carrier
• Tanker
• Other Ship Types

Applications Covered:
• Recreational Boats
• Merchant Ships
• Superyachts
• Small Cruise Ships
• Medium size boats
• Naval Ships
• Other Applications

End Users Covered:
• Original Equipment Manufacturer (OEM) 
• Marine Propeller Manufacturers 
• Defense Vessels Manufacturers 
• Shipping Industry 
• Aftermarket 
• Component Suppliers 
• Raw Material Providers 
• Defense Industry 
• Critical Infrastructure 
• Submarine 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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