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Ship Rudder Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 180 Pages
SKU # FOB18820224

Description

Ship Rudder Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Ship Rudder Market

The ship rudder market size was valued at USD 1.03 billion in 2023, and the market is now projected to grow from USD 1.07 billion in 2024 to USD 1.57 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2024-2032.

Numerous passenger and cargo ships were prohibited from entering ports by local authorities as a result of COVID-19. Consequently, the ship caused other merchant sailors to go aground on board, and the ship owners incurred additional expenses due to the ships being trapped in territorial waters for a lengthy period of time. These factors affected the ship rudder market growth.

Global market growth is directly correlated with the size of the ship fleet increasing. In addition, the global merchant fleet has been steadily expanding in recent years. This rise in fleet size, however, differs depending on the primary ship classes bulk carriers, tankers, aircraft carriers, and so on. A growth in the ship rudder market is predicted for the research period due to these innovations and the growing size of the fleet. These factors affected the ship rudder market share. The revenue and share systems numbers are off the charts and demands are touching the skies.

For the aim of energy conservation, it is projected that the market will grow throughout the study period due to the adoption of new technologies and market trends. This particular product market has expanded rigorously after this trend has kicked in and has attributed the market shares.

Comprehensive Analysis of Ship Rudder Market

The market is divided into three categories based on the kind of rudder: balanced, unbalanced, and semi-balanced. The market is divided into OEM and aftermarket segments based on the point of sale. The market is divided into various end-user segments, such as coast guard, commercial, and naval. The market is segmented based on the kind of ship, including bulk carrier, container, passenger, fishing, naval, general cargo, and other ships.

Europe is expected to be the leading region of this particular product market. As a result of growing health concerns and precautions against microbial or viral exposure. This particular product market is expanding due to various reasons. The market's rapid growth is ascribed to the expansion of development initiatives aimed at enhancing marine commerce infrastructure throughout Europe. Moreover, trade agreements between Mexico and Europe will support market expansion in this area.

Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. Damen Marine Components (Netherlands), Becker Marine Systems GmbH (Germany), Nufoss Services Pte Ltd. (Singapore), Torqeedo GmbH (Germany), and Voith Hydro Inc. (Germany), are some of the major competitors of this particular product market.

In November 2022, the introduction of a new direct trunk support system for rudders was announced by Kongsberg Maritime. By transferring steering force from the rudder to the hull structure directly through the steering gear deck and headbox, the innovative method eventually saves fuel and lowers pollutants.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.6% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Rudder Type, Point of Sale, End-user, Ship Type, and Region

By Rudder Type

Balanced Rudder

Unbalanced Rudder

Semi-balanced Rudder

By Point of Sale

OEM

Aftermarket

By End-user

Naval

Commercial

Coast Guard

Others

By Ship Type

Container Ship

Passenger Ship

Bulk Carrier

Tanker Ship

Fishing Vessel

Naval Ship

General Cargo Ship

Others

By Geography

North America (By Rudder Type, Point of Sale, End-user, Ship Type, and Country)

- U.S. (By Ship Type)

- Canada (By Ship Type)

Europe (By Rudder Type, Point of Sale, End-user, Ship Type, and Country)

- U.K. (By Ship Type)

- Germany (By Ship Type)

- France (By Ship Type)

- Russia (By Ship Type)

- Rest of Europe (By Ship Type)

Asia Pacific (By Rudder Type, Point of Sale, End-user, Ship Type, and Country)

- China (By Ship Type)

- India (By Ship Type)

- Japan (By Ship Type)

- South Korea (By Ship Type)

- Rest of Asia Pacific (By Ship Type)

Latin America (By Rudder Type, Point of Sale, End-user, Ship Type, and Country)

- Brazil (By Ship Type)

- Colombia (By Ship Type)

- Rest of Latin America (By Ship Type)

Middle East & Africa (By Rudder Type, Point of Sale, End-user, Ship Type, and Country)

- UAE (By Ship Type)

- Saudi Arabia (By Ship Type)

- Africa (By Ship Type)

- Rest of Middle East & Africa (By Ship Type)


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Table of Contents

180 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
4.2. Latest technological Advancements
4.3. Porters Five Forces Analysis
4.4. Supply Chain Analysis
5. Quantitative Insights-Impact of Russia-Ukraine War on Global Main Battle Tank Market
5.1. Impact of Russia-Ukraine War on the Global Main Battle Tank Market
6. Global Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
6.1. Key Findings / Segmental Definitions
6.2. Market Analysis, Insights and Forecast – By Component
6.2.1. Turret System
6.2.2. Internal Combustion Engine
6.2.3. Wheel & Tracks
6.2.4. Situational Awareness
6.2.5. Weaponry Systems
6.2.6. Others
6.3. Market Analysis, Insights and Forecast –By Weight
6.3.1. Light Weight
6.3.2. Medium Weight
6.3.3. Heavy Weight
6.4. Market Analysis, Insights and Forecast – By Solution
6.4.1. Line Fit
6.4.2. Retro Fit
6.5. Market Analysis, Insights and Forecast – By Region
6.5.1. North America
6.5.2. Europe
6.5.3. Asia Pacific
6.5.4. Middle East
6.5.5. Africa
6.5.6. Latin America
7. North America Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
7.1. Market Analysis, Insights and Forecast – By Component
7.1.1. Turret System
7.1.2. Internal Combustion Engine
7.1.3. Wheel & Tracks
7.1.4. Situational Awareness
7.1.5. Weaponry Systems
7.1.6. Others
7.2. Market Analysis, Insights and Forecast –By Weight
7.2.1. Light Weight
7.2.2. Medium Weight
7.2.3. Heavy Weight
7.3. Market Analysis, Insights and Forecast – By Solution
7.3.1. Line Fit
7.3.2. Retro Fit
7.4. Market Analysis – By Country
7.4.1. U.S.
7.4.1.1. Market Analysis, Insights and Forecast – By Solution
7.4.1.1.1. Line Fit
7.4.1.1.2. Retro Fit
7.4.2. Canada
7.4.2.1. Market Analysis, Insights and Forecast – By Solution
7.4.2.1.1. Line Fit
7.4.2.1.2. Retro Fit
8. Europe Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
8.1. Market Analysis, Insights and Forecast – By Component
8.1.1. Turret System
8.1.2. Internal Combustion Engine
8.1.3. Wheel & Tracks
8.1.4. Situational Awareness
8.1.5. Weaponry Systems
8.1.6. Others
8.2. Market Analysis, Insights and Forecast –By Weight
8.2.1. Light Weight
8.2.2. Medium Weight
8.2.3. Heavy Weight
8.3. Market Analysis, Insights and Forecast – By Solution
8.3.1. Line Fit
8.3.2. Retro Fit
8.4. Market Analysis – By Country
8.4.1. U.K.
8.4.1.1. Market Analysis, Insights and Forecast – By Solution
8.4.1.1.1. Line Fit
8.4.1.1.2. Retro Fit
8.4.2. Germany
8.4.2.1. Market Analysis, Insights and Forecast – By Solution
8.4.2.1.1. Line Fit
8.4.2.1.2. Retro Fit
8.4.3. Italy
8.4.3.1. Market Analysis, Insights and Forecast – By Solution
8.4.3.1.1. Line Fit
8.4.3.1.2. Retro Fit
8.4.4. Russia
8.4.4.1. Market Analysis, Insights and Forecast – By Solution
8.4.4.1.1. Line Fit
8.4.4.1.2. Retro Fit
8.4.5. Poland
8.4.5.1. Market Analysis, Insights and Forecast – By Solution
8.4.5.1.1. Line Fit
8.4.5.1.2. Retro Fit
8.4.6. Northern Europe
8.4.6.1. Market Analysis, Insights and Forecast – By Solution
8.4.6.1.1. Line Fit
8.4.6.1.2. Retro Fit
8.4.7. Rest of Europe
8.4.7.1. Market Analysis, Insights and Forecast – By Solution
8.4.7.1.1. Line Fit
8.4.7.1.2. Retro Fit
9. Asia pacific Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
9.1. Market Analysis, Insights and Forecast – By Component
9.1.1. Turret System
9.1.2. Internal Combustion Engine
9.1.3. Wheel & Tracks
9.1.4. Situational Awareness
9.1.5. Weaponry Systems
9.1.6. Others
9.2. Market Analysis, Insights and Forecast –By Weight
9.2.1. Light Weight
9.2.2. Medium Weight
9.2.3. Heavy Weight
9.3. Market Analysis, Insights and Forecast – By Solution
9.3.1. Line Fit
9.3.2. Retro Fit
9.4. Market Analysis – By Country
9.4.1. China
9.4.1.1. Market Analysis, Insights and Forecast – By Solution
9.4.1.1.1. Line Fit
9.4.1.1.2. Retro Fit
9.4.2. India
9.4.2.1. Market Analysis, Insights and Forecast – By Solution
9.4.2.1.1. Line Fit
9.4.2.1.2. Retro Fit
9.4.3. Japan
9.4.3.1. Market Analysis, Insights and Forecast – By Solution
9.4.3.1.1. Line Fit
9.4.3.1.2. Retro Fit
9.4.4. South Korea
9.4.4.1. Market Analysis, Insights and Forecast – By Solution
9.4.4.1.1. Line Fit
9.4.4.1.2. Retro Fit
9.4.5. North Korea
9.4.5.1. Market Analysis, Insights and Forecast – By Solution
9.4.5.1.1. Line Fit
9.4.5.1.2. Retro Fit
9.4.6. Southeast Asia
9.4.6.1. Market Analysis, Insights and Forecast – By Solution
9.4.6.1.1. Line Fit
9.4.6.1.2. Retro Fit
9.4.7. Rest of Asia Pacific
9.4.7.1. Market Analysis, Insights and Forecast – By Solution
9.4.7.1.1. Line Fit
9.4.7.1.2. Retro Fit
10. Middle East Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
10.1. Market Analysis, Insights and Forecast – By Component
10.1.1. Turret System
10.1.2. Internal Combustion Engine
10.1.3. Wheel & Tracks
10.1.4. Situational Awareness
10.1.5. Weaponry Systems
10.1.6. Others
10.2. Market Analysis, Insights and Forecast –By Weight
10.2.1. Light Weight
10.2.2. Medium Weight
10.2.3. Heavy Weight
10.3. Market Analysis, Insights and Forecast – By Solution
10.3.1. Line Fit
10.3.2. Retro Fit
10.4. Market Analysis – By Country
10.4.1. Turkey
10.4.1.1. Market Analysis, Insights and Forecast – By Solution
10.4.1.1.1. Line Fit
10.4.1.1.2. Retro Fit
10.4.2. Israel
10.4.2.1. Market Analysis, Insights and Forecast – By Solution
10.4.2.1.1. Line Fit
10.4.2.1.2. Retro Fit
10.4.3. Iran
10.4.3.1. Market Analysis, Insights and Forecast – By Solution
10.4.3.1.1. Line Fit
10.4.3.1.2. Retro Fit
10.4.4. Saudi Arabia
10.4.4.1. Market Analysis, Insights and Forecast – By Solution
10.4.4.1.1. Line Fit
10.4.4.1.2. Retro Fit
10.4.5. Rest of Middle East
10.4.5.1. Market Analysis, Insights and Forecast – By Solution
10.4.5.1.1. Line Fit
10.4.5.1.2. Retro Fit
11. Africa Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
11.1. Market Analysis, Insights and Forecast – By Component
11.1.1. Turret System
11.1.2. Internal Combustion Engine
11.1.3. Wheel & Tracks
11.1.4. Situational Awareness
11.1.5. Weaponry Systems
11.1.6. Others
11.2. Market Analysis, Insights and Forecast –By Weight
11.2.1. Light Weight
11.2.2. Medium Weight
11.2.3. Heavy Weight
11.3. Market Analysis, Insights and Forecast – By Solution
11.3.1. Line Fit
11.3.2. Retro Fit
11.4. Market Analysis – By Country
11.4.1. Ethiopia
11.4.1.1. Market Analysis, Insights and Forecast – By Solution
11.4.1.1.1. Line Fit
11.4.1.1.2. Retro Fit
11.4.2. Egypt
11.4.2.1. Market Analysis, Insights and Forecast – By Solution
11.4.2.1.1. Line Fit
11.4.2.1.2. Retro Fit
11.4.3. Algeria
11.4.3.1. Market Analysis, Insights and Forecast – By Solution
11.4.3.1.1. Line Fit
11.4.3.1.2. Retro Fit
11.4.4. Nigeria
11.4.4.1. Market Analysis, Insights and Forecast – By Solution
11.4.4.1.1. Line Fit
11.4.4.1.2. Retro Fit
11.4.5. Morocco
11.4.5.1. Market Analysis, Insights and Forecast – By Solution
11.4.5.1.1. Line Fit
11.4.5.1.2. Retro Fit
11.4.6. Rest of Africa
11.4.6.1. Market Analysis, Insights and Forecast – By Solution
11.4.6.1.1. Line Fit
11.4.6.1.2. Retro Fit
12. Latin America Main Battle Tank Market Analysis, Insights and Forecast, 2019-2030
12.1. Market Analysis, Insights and Forecast – By Component
12.1.1. Turret System
12.1.2. Internal Combustion Engine
12.1.3. Wheel & Tracks
12.1.4. Situational Awareness
12.1.5. Weaponry Systems
12.1.6. Others
12.2. Market Analysis, Insights and Forecast –By Weight
12.2.1. Light Weight
12.2.2. Medium Weight
12.2.3. Heavy Weight
12.3. Market Analysis, Insights and Forecast – By Solution
12.3.1. Line Fit
12.3.2. Retro Fit
12.4. Market Analysis – By Country
12.4.1. Brazil
12.4.1.1. Market Analysis, Insights and Forecast – By Solution
12.4.1.1.1. Line Fit
12.4.1.1.2. Retro Fit
12.4.2. Argentina
12.4.2.1. Market Analysis, Insights and Forecast – By Solution
12.4.2.1.1. Line Fit
12.4.2.1.2. Retro Fit
12.4.3. Rest of Latin America
12.4.3.1. Market Analysis, Insights and Forecast – By Solution
12.4.3.1.1. Line Fit
12.4.3.1.2. Retro Fit
13. Competitive Analysis
13.1. Global Market Share Analysis (2022)
13.2. Competition Dashboard
14. Company Profiles (Overview, Products & services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability))
14.1. General Dynamics Corporation
14.1.1. Overview,
14.1.2. Products & services,
14.1.3. SWOT Analysis,
14.1.4. Recent Developments,
14.1.5. Strategies,
14.1.6. Financials (Based on Availability)
14.2. HYUNDAI MOTOR GROUP
14.2.1. Overview,
14.2.2. Products & services,
14.2.3. SWOT Analysis,
14.2.4. Recent Developments,
14.2.5. Strategies,
14.2.6. Financials (Based on Availability)
14.3. BAE Systems plc.
14.3.1. Overview,
14.3.2. Products & services,
14.3.3. SWOT Analysis,
14.3.4. Recent Developments,
14.3.5. Strategies,
15. 14.1.6. Financials (Based on Availability)
15.1. Nexter Systems
15.1.1. Overview,
15.1.2. Products & services,
15.1.3. SWOT Analysis,
15.1.4. Recent Developments,
15.1.5. Strategies,
15.1.6. Financials (Based on Availability)
15.2. BMC
15.2.1. Overview,
15.2.2. Products & services,
15.2.3. SWOT Analysis,
15.2.4. Recent Developments,
15.2.5. Strategies,
15.2.6. Financials (Based on Availability)
15.3. Israel Military Industries Ltd
15.3.1. Overview,
15.3.2. Products & services,
15.3.3. SWOT Analysis,
15.3.4. Recent Developments,
15.3.5. Strategies,
15.3.6. Financials (Based on Availability)
15.4. Rheinmetall AG
15.4.1. Overview,
15.4.2. Products & services,
15.4.3. SWOT Analysis,
15.4.4. Recent Developments,
15.4.5. Strategies,
15.4.6. Financials (Based on Availability)
15.5. Krauss-Maffei Wegmann GmbH and Co. KG
15.5.1. Overview,
15.5.2. Products & services,
15.5.3. SWOT Analysis,
15.5.4. Recent Developments,
15.5.5. Strategies,
15.5.6. Financials (Based on Availability)
15.6. Mitsubishi Heavy Industries, Ltd
15.6.1. Overview,
15.6.2. Products & services,
15.6.3. SWOT Analysis,
15.6.4. Recent Developments,
15.6.5. Strategies,
15.6.6. Financials (Based on Availability)
15.7. Heavy Vehicles Factory
15.7.1. Overview,
15.7.2. Products & services,
15.7.3. SWOT Analysis,
15.7.4. Recent Developments,
15.7.5. Strategies,
15.7.6. Financials (Based on Availability)

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