Global Azimuth and Tunnel Thrusters Market Growth 2023-2029

Global Azimuth and Tunnel Thrusters Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Azimuth and Tunnel Thrusters Industry Forecast” looks at past sales and reviews total world Azimuth and Tunnel Thrusters sales in 2022, providing a comprehensive analysis by region and market sector of projected Azimuth and Tunnel Thrusters sales for 2023 through 2029. With Azimuth and Tunnel Thrusters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Azimuth and Tunnel Thrusters industry.
This Insight Report provides a comprehensive analysis of the global Azimuth and Tunnel Thrusters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Azimuth and Tunnel Thrusters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Azimuth and Tunnel Thrusters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Azimuth and Tunnel Thrusters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Azimuth and Tunnel Thrusters.
The global Azimuth and Tunnel Thrusters market size is projected to grow from US$ 852.5 million in 2022 to US$ 1173.3 million in 2029; it is expected to grow at a CAGR of 1173.3 from 2023 to 2029.
In the global azimuth and tunnel thruster market, China is the largest consumer, accounting for about 27% of the market share, followed by Japan and South Korea, each accounting for 19% and 18%.
The main manufacturers are Kawasaki, Wärtsilä Corporation, SCOTTEL Group, Kongsberg and Brunvoll, of which Kawasaki is the largest manufacturer, accounting for about 18%.
This report presents a comprehensive overview, market shares, and growth opportunities of Azimuth and Tunnel Thrusters market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Azimuth Thrusters
Tunnel Thrusters
Segmentation 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
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Azimuth and Tunnel Thrusters market?
What factors are driving Azimuth and Tunnel Thrusters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Azimuth and Tunnel Thrusters market opportunities vary by end market size?
How does Azimuth and Tunnel Thrusters break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.