Marine Propeller Market by Propeller Type (Fixed Pitch Propeller (FPP) and Controllable Pitch Propeller (CPP), and Others), Application (Merchant Ships, Naval Ships, Recreational Boats, and Others), Number of Blades (3 Blades, 4 Blades, 5 Blades, and Others), Application (Merchant Ships, Naval Ships, Recreational Boats, and Others), and Sales Channel (Original Equipment Manufacturer and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030
A Marine propeller is utilized for generation of thrust in order to move a ship. A Marine propeller comprises of several blades mounted on end of a drive shaft. Propellers can be made of different materials such as bronze, aluminum and steel. Moreover, a ship can be equipped with one, two and rarely three propellers depending upon requirement of vessels or ships.
A controllable pitch propeller or variable pitch propeller is one of the most advanced propellers in the shipbuilding industry. It can move its blade in the desired position by changing the pitch of the blades during the ship operation. It can move ships in the forward and astern direction both, without changing the direction of rotation of the engine. The factors that drive the controllable pitch propeller market are its superiority such as higher propulsion efficiency, better maneuverability, less wear & tear of blades, and significant NVH performance as compared to others. Moreover, rise in the number of large ships such as cargo or containers, bulk carriers, and tankers have further fueled the market growth.
The market is driven by greater adoption of electric propulsion technology, increase in new shipbuilding & repair activities, greater demand for sea-based logistics & trade, and growth in demand for maritime travel & tourism activities. However, high maintenance cost and introduction of stringent environmental regulations are the factors acting as a hindrance in the growth of the marine propeller market. On Contrary, technological innovations in marine propulsion systems and growth in navy expenditure across the world are expected to create ample growth opportunities for the marine propeller market.
The report segments the global marine propeller market on the basis of type, material, number of blades, application, sales channel, and region. On the basis of type, the market is categorized into fixed pitch propeller (FPP), controllable pitch propeller (CPP), and others. The material segment is divided into aluminum, stainless steel, and others. Depending on number of blades, it is classified into 3 blades, 4 blades, 5 blades, and others. According to application, it is fragmented into merchant ships, naval ships, recreational boats, and others. By sales channel, it is bifurcated into original equipment manufacturer and aftermarket. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global marine propeller market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall marine propeller market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global marine propeller market with a detailed impact analysis.
The current marine propeller market is quantitatively analyzed from 2020 to 2030 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Type
Fixed Pitch Propeller (FPP)
Controllable Pitch Propeller (CPP)
Others
By Material
Aluminum
Stainless Steel
Others
By Number of Blades
3 Blades
4 Blades
5 Blades
Others
By Application
Merchant Ships
Naval Ships
Recreational Boats
Others
By Sales Channel
Original Equipment Manufacturer
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY PLAYERS
AB Volvo
Brunswick Corporation
Kawasaki Heavy Industries, Ltd.
KSOE (Hyundai Heavy Industries Co., Ltd.)
MAN Energy Solutions
Nakashima Propeller Co., Ltd.
Rolls-Royce Plc
Schottel Group
VEEM Ltd.
Wartsila Oyj Abp
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