Global Azimuth Thrusters Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Azimuth Thrusters market size was valued at US$ 530 million in 2024 and is forecast to a readjusted size of USD 632 million by 2031 with a CAGR of 2.6% during review period.

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.

Global core azimuth thrusters Manufacturing Equipment manufacturers include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd etc.The top 5 companies hold a share about 55%.China is the largest market, with a share about 32%, followed by Europe and US with the share about 13% and 12%.In terms of product, 1500KW-3500KW is the largest segment, with a share over 50%. And in terms of application, the largest application is offshore work ship.

This report is a detailed and comprehensive analysis for global Azimuth Thrusters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Azimuth Thrusters market size and forecasts, in consumption value ($ Million), sales quantity (Unit), and average selling prices (K US$/ Unit), 2020-2031

Global Azimuth Thrusters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Unit), and average selling prices (K US$/ Unit), 2020-2031

Global Azimuth Thrusters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Unit), and average selling prices (K US$/ Unit), 2020-2031

Global Azimuth Thrusters market shares of main players, shipments in revenue ($ Million), sales quantity (Unit), and ASP (K US$/ Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Azimuth Thrusters

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Azimuth Thrusters market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd, Steerprop, Brunvoll, Wärtsilä Corporation, Thrustmaster, Kawasaki, Berg Propulsion, ZF Friedrichshafen AG, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Azimuth Thrusters market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW

Market segment by Application
Tugs
Offshore Work Ship
Ferry
Others

Major players covered
SCHOTTEL Group
Kongsberg
IHI Power Systems Co.,Ltd
Steerprop
Brunvoll
Wärtsilä Corporation
Thrustmaster
Kawasaki
Berg Propulsion
ZF Friedrichshafen AG
ABB Marine
Voith Turbo
NGC Gears
CSIC
Wuhan Marine Machinery Plant Co., Ltd
Jastram
Hangzhou Adcance
Thrustleader Marine Power System
Wuxi Ruifeng

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Azimuth Thrusters product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Azimuth Thrusters, with price, sales quantity, revenue, and global market share of Azimuth Thrusters from 2020 to 2025.

Chapter 3, the Azimuth Thrusters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Azimuth Thrusters breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Azimuth Thrusters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Azimuth Thrusters.

Chapter 14 and 15, to describe Azimuth Thrusters sales channel, distributors, customers, research findings and conclusion.