Marine Propeller Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
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.
The Global Marine Propeller Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Marine Propeller Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
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 Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Controllable pitch propeller
Fixed pitch propeller
In Market segmentation by applications :
Superyachts
Small cruise ships
Medium size boats
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Marine Propeller Market for the forecast period 2023 - 2030?
• What are the driving forces in the Marine Propeller Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Marine Propeller industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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