Azimuth and Tunnel Thrusters Industry Research Report 2025

Summary

An azimuth thruster is a configuration of marine propellers placed in pods that can be rotated to any horizontal angle (azimuth), making a rudder unnecessary. These give ships better maneuverability than a fixed propeller and rudder system.
Tunnel thrusters are installed in the bow or stern in order to improve docking, slow speed maneuvering, emergency steering and station keeping at zero or slow forward speed.

According to APO Research, The global Azimuth and Tunnel Thrusters market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Azimuth and Tunnel Thrusters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Azimuth and Tunnel Thrusters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Azimuth and Tunnel Thrusters is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Azimuth and Tunnel Thrusters include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Azimuth and Tunnel Thrusters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Azimuth and Tunnel Thrusters.
The report will help the Azimuth and Tunnel Thrusters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Azimuth and Tunnel Thrusters market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Azimuth and Tunnel Thrusters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Azimuth and Tunnel Thrusters Segment by Company

Wärtsilä Corporation
SCHOTTEL Group
Kawasaki
Kongsberg
Berg Propulsion
Brunvoll
IHI
Thrustmaster
Veth Propulsion
Steerprop
ZF Friedrichshafen AG
NGC
ABB Marine
Voith Turbo
Jastram
Wuxi Ruifeng Marine
Hydromaster
Azimuth and Tunnel Thrusters Segment by Type

Azimuth Thrusters
Tunnel Thrusters
Azimuth and Tunnel Thrusters Segment by Application

Oil & Gas Rig
Military Vessels
Ferry (Passenger Ship and RoRo-Passenger Ship)
Cruise Ship
Offshore Vessel
Oil Tanker
Chemical Tanker
LNG Carrier
LPG Carrier
Other
Azimuth and Tunnel Thrusters Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Azimuth and Tunnel Thrusters market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Azimuth and Tunnel Thrusters and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Azimuth and Tunnel Thrusters.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Azimuth and Tunnel Thrusters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Azimuth and Tunnel Thrusters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Azimuth and Tunnel Thrusters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Azimuth and Tunnel Thrusters by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 Azimuth Thrusters
2.2.3 Tunnel Thrusters
2.3 Azimuth and Tunnel Thrusters by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 Oil & Gas Rig
2.3.3 Military Vessels
2.3.4 Ferry (Passenger Ship and RoRo-Passenger Ship)
2.3.5 Cruise Ship
2.3.6 Offshore Vessel
2.3.7 Oil Tanker
2.3.8 Chemical Tanker
2.3.9 LNG Carrier
2.3.10 LPG Carrier
2.3.11 Other
2.4 Global Market Growth Prospects
2.4.1 Global Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Azimuth and Tunnel Thrusters Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Azimuth and Tunnel Thrusters Production Estimates and Forecasts (2020-2031)
2.4.4 Global Azimuth and Tunnel Thrusters Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Azimuth and Tunnel Thrusters Production by Manufacturers (2020-2025)
3.2 Global Azimuth and Tunnel Thrusters Production Value by Manufacturers (2020-2025)
3.3 Global Azimuth and Tunnel Thrusters Average Price by Manufacturers (2020-2025)
3.4 Global Azimuth and Tunnel Thrusters Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Azimuth and Tunnel Thrusters Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Azimuth and Tunnel Thrusters Manufacturers, Product Type & Application
3.7 Global Azimuth and Tunnel Thrusters Manufacturers Established Date
3.8 Global Azimuth and Tunnel Thrusters Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Wärtsilä Corporation
4.1.1 Wärtsilä Corporation Azimuth and Tunnel Thrusters Company Information
4.1.2 Wärtsilä Corporation Azimuth and Tunnel Thrusters Business Overview
4.1.3 Wärtsilä Corporation Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.1.4 Wärtsilä Corporation Product Portfolio
4.1.5 Wärtsilä Corporation Recent Developments
4.2 SCHOTTEL Group
4.2.1 SCHOTTEL Group Azimuth and Tunnel Thrusters Company Information
4.2.2 SCHOTTEL Group Azimuth and Tunnel Thrusters Business Overview
4.2.3 SCHOTTEL Group Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.2.4 SCHOTTEL Group Product Portfolio
4.2.5 SCHOTTEL Group Recent Developments
4.3 Kawasaki
4.3.1 Kawasaki Azimuth and Tunnel Thrusters Company Information
4.3.2 Kawasaki Azimuth and Tunnel Thrusters Business Overview
4.3.3 Kawasaki Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.3.4 Kawasaki Product Portfolio
4.3.5 Kawasaki Recent Developments
4.4 Kongsberg
4.4.1 Kongsberg Azimuth and Tunnel Thrusters Company Information
4.4.2 Kongsberg Azimuth and Tunnel Thrusters Business Overview
4.4.3 Kongsberg Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.4.4 Kongsberg Product Portfolio
4.4.5 Kongsberg Recent Developments
4.5 Berg Propulsion
4.5.1 Berg Propulsion Azimuth and Tunnel Thrusters Company Information
4.5.2 Berg Propulsion Azimuth and Tunnel Thrusters Business Overview
4.5.3 Berg Propulsion Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.5.4 Berg Propulsion Product Portfolio
4.5.5 Berg Propulsion Recent Developments
4.6 Brunvoll
4.6.1 Brunvoll Azimuth and Tunnel Thrusters Company Information
4.6.2 Brunvoll Azimuth and Tunnel Thrusters Business Overview
4.6.3 Brunvoll Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.6.4 Brunvoll Product Portfolio
4.6.5 Brunvoll Recent Developments
4.7 IHI
4.7.1 IHI Azimuth and Tunnel Thrusters Company Information
4.7.2 IHI Azimuth and Tunnel Thrusters Business Overview
4.7.3 IHI Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.7.4 IHI Product Portfolio
4.7.5 IHI Recent Developments
4.8 Thrustmaster
4.8.1 Thrustmaster Azimuth and Tunnel Thrusters Company Information
4.8.2 Thrustmaster Azimuth and Tunnel Thrusters Business Overview
4.8.3 Thrustmaster Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.8.4 Thrustmaster Product Portfolio
4.8.5 Thrustmaster Recent Developments
4.9 Veth Propulsion
4.9.1 Veth Propulsion Azimuth and Tunnel Thrusters Company Information
4.9.2 Veth Propulsion Azimuth and Tunnel Thrusters Business Overview
4.9.3 Veth Propulsion Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.9.4 Veth Propulsion Product Portfolio
4.9.5 Veth Propulsion Recent Developments
4.10 Steerprop
4.10.1 Steerprop Azimuth and Tunnel Thrusters Company Information
4.10.2 Steerprop Azimuth and Tunnel Thrusters Business Overview
4.10.3 Steerprop Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.10.4 Steerprop Product Portfolio
4.10.5 Steerprop Recent Developments
4.11 ZF Friedrichshafen AG
4.11.1 ZF Friedrichshafen AG Azimuth and Tunnel Thrusters Company Information
4.11.2 ZF Friedrichshafen AG Azimuth and Tunnel Thrusters Business Overview
4.11.3 ZF Friedrichshafen AG Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.11.4 ZF Friedrichshafen AG Product Portfolio
4.11.5 ZF Friedrichshafen AG Recent Developments
4.12 NGC
4.12.1 NGC Azimuth and Tunnel Thrusters Company Information
4.12.2 NGC Azimuth and Tunnel Thrusters Business Overview
4.12.3 NGC Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.12.4 NGC Product Portfolio
4.12.5 NGC Recent Developments
4.13 ABB Marine
4.13.1 ABB Marine Azimuth and Tunnel Thrusters Company Information
4.13.2 ABB Marine Azimuth and Tunnel Thrusters Business Overview
4.13.3 ABB Marine Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.13.4 ABB Marine Product Portfolio
4.13.5 ABB Marine Recent Developments
4.14 Voith Turbo
4.14.1 Voith Turbo Azimuth and Tunnel Thrusters Company Information
4.14.2 Voith Turbo Azimuth and Tunnel Thrusters Business Overview
4.14.3 Voith Turbo Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.14.4 Voith Turbo Product Portfolio
4.14.5 Voith Turbo Recent Developments
4.15 Jastram
4.15.1 Jastram Azimuth and Tunnel Thrusters Company Information
4.15.2 Jastram Azimuth and Tunnel Thrusters Business Overview
4.15.3 Jastram Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.15.4 Jastram Product Portfolio
4.15.5 Jastram Recent Developments
4.16 Wuxi Ruifeng Marine
4.16.1 Wuxi Ruifeng Marine Azimuth and Tunnel Thrusters Company Information
4.16.2 Wuxi Ruifeng Marine Azimuth and Tunnel Thrusters Business Overview
4.16.3 Wuxi Ruifeng Marine Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.16.4 Wuxi Ruifeng Marine Product Portfolio
4.16.5 Wuxi Ruifeng Marine Recent Developments
4.17 Hydromaster
4.17.1 Hydromaster Azimuth and Tunnel Thrusters Company Information
4.17.2 Hydromaster Azimuth and Tunnel Thrusters Business Overview
4.17.3 Hydromaster Azimuth and Tunnel Thrusters Production, Value and Gross Margin (2020-2025)
4.17.4 Hydromaster Product Portfolio
4.17.5 Hydromaster Recent Developments
5 Global Azimuth and Tunnel Thrusters Production by Region
5.1 Global Azimuth and Tunnel Thrusters Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Azimuth and Tunnel Thrusters Production by Region: 2020-2031
5.2.1 Global Azimuth and Tunnel Thrusters Production by Region: 2020-2025
5.2.2 Global Azimuth and Tunnel Thrusters Production Forecast by Region (2026-2031)
5.3 Global Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Azimuth and Tunnel Thrusters Production Value by Region: 2020-2031
5.4.1 Global Azimuth and Tunnel Thrusters Production Value by Region: 2020-2025
5.4.2 Global Azimuth and Tunnel Thrusters Production Value Forecast by Region (2026-2031)
5.5 Global Azimuth and Tunnel Thrusters Market Price Analysis by Region (2020-2025)
5.6 Global Azimuth and Tunnel Thrusters Production and Value, YOY Growth
5.6.1 North America Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Azimuth and Tunnel Thrusters Production Value Estimates and Forecasts (2020-2031)
6 Global Azimuth and Tunnel Thrusters Consumption by Region
6.1 Global Azimuth and Tunnel Thrusters Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Azimuth and Tunnel Thrusters Consumption by Region (2020-2031)
6.2.1 Global Azimuth and Tunnel Thrusters Consumption by Region: 2020-2025
6.2.2 Global Azimuth and Tunnel Thrusters Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Azimuth and Tunnel Thrusters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Azimuth and Tunnel Thrusters Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Azimuth and Tunnel Thrusters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Azimuth and Tunnel Thrusters Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Azimuth and Tunnel Thrusters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Azimuth and Tunnel Thrusters Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Azimuth and Tunnel Thrusters Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Azimuth and Tunnel Thrusters Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Azimuth and Tunnel Thrusters Production by Type (2020-2031)
7.1.1 Global Azimuth and Tunnel Thrusters Production by Type (2020-2031) & (Units)
7.1.2 Global Azimuth and Tunnel Thrusters Production Market Share by Type (2020-2031)
7.2 Global Azimuth and Tunnel Thrusters Production Value by Type (2020-2031)
7.2.1 Global Azimuth and Tunnel Thrusters Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Azimuth and Tunnel Thrusters Production Value Market Share by Type (2020-2031)
7.3 Global Azimuth and Tunnel Thrusters Price by Type (2020-2031)
8 Segment by Application
8.1 Global Azimuth and Tunnel Thrusters Production by Application (2020-2031)
8.1.1 Global Azimuth and Tunnel Thrusters Production by Application (2020-2031) & (Units)
8.1.2 Global Azimuth and Tunnel Thrusters Production Market Share by Application (2020-2031)
8.2 Global Azimuth and Tunnel Thrusters Production Value by Application (2020-2031)
8.2.1 Global Azimuth and Tunnel Thrusters Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Azimuth and Tunnel Thrusters Production Value Market Share by Application (2020-2031)
8.3 Global Azimuth and Tunnel Thrusters Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Azimuth and Tunnel Thrusters Value Chain Analysis
9.1.1 Azimuth and Tunnel Thrusters Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Azimuth and Tunnel Thrusters Production Mode & Process
9.2 Azimuth and Tunnel Thrusters Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Azimuth and Tunnel Thrusters Distributors
9.2.3 Azimuth and Tunnel Thrusters Customers
10 Global Azimuth and Tunnel Thrusters Analyzing Market Dynamics
10.1 Azimuth and Tunnel Thrusters Industry Trends
10.2 Azimuth and Tunnel Thrusters Industry Drivers
10.3 Azimuth and Tunnel Thrusters Industry Opportunities and Challenges
10.4 Azimuth and Tunnel Thrusters Industry Restraints
11 Report Conclusion
12 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings