Marine propeller is a type of fan that transmits power by converting rotational motion into thrust. A pressure difference is produced between the forward and rear surfaces of the airfoil-shaped blade, and water is accelerated behind the blade.
Mostly made of bronze, marine propeller has a very wide range of applications in most marine ships as an indispensable part of propulsion system.
A marine propeller is sometimes colloquially known as a screw propeller or screw.
Europe and Asia-Pacific (China, Japan and South Korea), is the main production base of marine propeller, key manufacturers- Nakashima Propeller
Hyundai Heavy Industries, Rolls-Royce, Wartsila Oyj Abp, Schottel., MAN Diesel & Turbo, Mitsubishi Heavy Industries, Kawasaki, MMG, Berg Propulsion (Cat), Baltic Shipyard, Scana Volda, Veem, Teignbridge, DMPC, Wartsila CME, Changzhou Zhonghai, Wuhan Kawasaki Marine are all located here. The production of marine propeller was 86078 Tons in 2014, of which 85.37% is produced in Europe, and Asia-Pacific.
Fixed pitch propeller is the most popular product type nowadays, due to a great proportion of ocean-going vessels in shipbuilding industry. And it will remain in this state in the next few years.
Marine propeller industry has a long history, and now developed very mature. Its production and sales have gradually concentrated in Europe and Asia Pacific.
Currently, there are hundreds of large and small manufacturers of marine propeller worldwide, coupled with the shipbuilding?s overcapacity, the global market?s recession is unstoppable, and the marine propeller market competition will become increasingly fierce over time.
According to this study, over the next five years the Marine Propeller market will register a 0.5% CAGR in terms of revenue, the global market size will reach USD 380 million by 2024, from USD 370 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Marine Propeller business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Marine Propeller market by product type, application, key manufacturers and key regions and countries.
This study considers the Marine Propeller value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Controllable pitch propeller
Fixed pitch propeller
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Superyachts
Small cruise ships
Medium size boats
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Nakashima Propeller
MAN Diesel & Turbo
Wartsila Oyj Abp
Mitsubishi Heavy Industries
Hyundai Heavy Industries
Michigan Wheel
Kawasaki
MMG
Berg Propulsion(Caterpillar)
Teignbridge
Baltic Shipyard
Veem Limited
Brunvoll Volda
Rolls-Royce
Schottel
DMPC
Wartsila CME
Changzhou Zhonghai
SMMC Marine Drive Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Marine Propeller consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Marine Propeller market by identifying its various subsegments.
Focuses on the key global Marine Propeller manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Marine Propeller with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Marine Propeller submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
