Global Marine Propeller Market Growth 2025-2031

The global Marine Propeller market size is predicted to grow from US$ 390 million in 2025 to US$ 463 million in 2031; it is expected to grow at a CAGR of 2.9% from 2025 to 2031.

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.

The major players in global Marine Propeller market include Nakashima Propeller, MAN Diesel & Turbo, Wartsila Oyj Abp, etc. The top 3 players occupy about 15% shares of the global market. Europe and Japan are main markets, they occupy about 60% of the global market. Fixed Pitch Propeller is the main type, with a share about 80%. Medium Size Boats is the main application, which holds a share about 60%.

LP Information, Inc. (LPI) ' newest research report, the “Marine Propeller Industry Forecast” looks at past sales and reviews total world Marine Propeller sales in 2024, providing a comprehensive analysis by region and market sector of projected Marine Propeller sales for 2025 through 2031. With Marine Propeller sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Propeller industry.

This Insight Report provides a comprehensive analysis of the global Marine Propeller 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 Marine Propeller portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Propeller market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Propeller 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 Marine Propeller.

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.

Segmentation by Type:
Controllable Pitch Propeller
Fixed Pitch Propeller

Segmentation by Application:
Superyachts
Small Cruise Ships
Medium Size Boats

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 analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine Propeller market?

What factors are driving Marine Propeller market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Marine Propeller market opportunities vary by end market size?

How does Marine Propeller break out by Type, by Application?

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