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North America Marine Propeller Market Size, Share & Trends Analysis Report By Sales Channel, By Material (Stainless Steel, Aluminum, and Others), By Number of Blades, By Type, By Application, By Country and Growth Forecast, 2023 - 2030

Publisher Knowledge Based Value (KBV) Research
Published Feb 16, 2024
Length 131 Pages
SKU # KBV18592708

Description

North America Marine Propeller Market Size, Share & Trends Analysis Report By Sales Channel, By Material (Stainless Steel, Aluminum, and Others), By Number of Blades, By Type, By Application, By Country and Growth Forecast, 2023 - 2030


The North America Marine Propeller Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).

A marine propeller is a fan-like rotating structure with a propeller shaft and radiating blades. It serves the purpose of propelling a ship using the power produced by the ship's main engine. Ship movement is achieved through the transfer of thrust the propeller produces through the transmission system. Marine propellers are made from corrosion-resistant materials like aluminum and stainless steel, which can perform efficiently in seawater. The maritime industry is under increasing pressure to reduce its environmental impact and adhere to stringent emissions standards. As a result, shipowners and operators are adopting advanced marine propellers that contribute to fuel efficiency and emission reduction. The quest for sustainability has driven the market toward innovations in design, materials, and propulsion systems that align with environmental regulations, making adopting eco-friendly marine propellers a key trend.

With the high operating expenses of vessel propulsion, fuel efficiency is an important consideration for the maritime sector. Adopting advanced marine propellers, including variable pitch and controllable pitch propellers, allows for optimized performance across various speeds and conditions. Vessels with such propulsion systems experience improved fuel economy, contributing to significant cost savings over the vessel's lifespan. Ongoing advancements in materials and design have played a pivotal role in driving the adoption of marine propellers. The introduction of lightweight yet durable materials, such as composite alloys and carbon fiber, has led to the development of propellers with enhanced strength-to-weight ratios.

The growing interest in recreational boating in Canada leads to increased boat ownership. Canada's diverse geography offers a range of recreational boating activities, including sailing, fishing, watersports, and cruising. Canada's cottage culture and many lakeshore properties contribute to the demand for small boats and personal watercraft. Hence, the factors mentioned above will drive the regional market growth.

The US market dominated the North America Marine Propeller Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,313.3 Million by 2030. The Canada market is experiencing a CAGR of 7.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2023 - 2030).

Based on Sales Channel, the market is segmented into Aftermarket, and Original Equipment Manufacturer. Based on Material, the market is segmented into Stainless Steel, Aluminum, and Others. Based on Number of Blades, the market is segmented into 4 Blades, 3 Blades, 5 Blades, and Others. Based on Type, the market is segmented into Fixed Pitch Propeller (FPP), Controllable Pitch Propeller (CPP), and Others. Based on Application, the market is segmented into Merchant Ships, Naval Ships, Recreational Boats, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Volvo Group
  • Brunswick Corporation
  • Kawasaki Heavy Industries, Ltd.
  • Hyundai Heavy Industries Co., Ltd.
  • MAN Energy Solutions SE (Volswagen Group)
  • Nakashima Propeller Co., Ltd. (Nakashima Holdings Co., Ltd.
  • Rolls-Royce Plc (Rolls-Royce Holdings Plc)
  • Schottel GmbH (Schottel Industrial GmbH)
  • VEEM Ltd.
  • Wartsila Corporation
North America Marine Propeller Market Report Segmentation

By Sales Channel
  • Aftermarket
  • Original Equipment Manufacturer
By Material
  • Stainless Steel
  • Aluminium
  • Others
By Number of Blades
  • 4 Blades
  • 3 Blades
  • 5 Blades
  • Others
By Type
  • Fixed Pitch Propeller (FPP)
  • Controllable Pitch Propeller (CPP)
  • Others
By Application
  • Merchant Ships
  • Naval Ships
  • Recreational Boats
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

131 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Marine Propeller Market, by Sales Channel
1.4.2 North America Marine Propeller Market, by Material
1.4.3 North America Marine Propeller Market, by Number of Blades
1.4.4 North America Marine Propeller Market, by Type
1.4.5 North America Marine Propeller Market, by Application
1.4.6 North America Marine Propeller Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Marine Propeller Market by Sales Channel
4.1 North America Aftermarket Market by Region
4.2 North America Original Equipment Manufacturer Market by Region
Chapter 5. North America Marine Propeller Market by Material
5.1 North America Stainless Steel Market by Country
5.2 North America Aluminum Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Marine Propeller Market by Number of Blades
6.1 North America 4 Blades Market by Country
6.2 North America 3 Blades Market by Country
6.3 North America 5 Blades Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Marine Propeller Market by Type
7.1 North America Fixed Pitch Propeller (FPP) Market by Country
7.2 North America Controllable Pitch Propeller (CPP) Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Marine Propeller Market by Application
8.1 North America Merchant Ships Market by Country
8.2 North America Naval Ships Market by Country
8.3 North America Recreational Boats Market by Country
8.4 North America Others Market by Country
Chapter 9. North America Marine Propeller Market by Country
9.1 US Marine Propeller Market
9.1.1 US Marine Propeller Market by Sales Channel
9.1.2 US Marine Propeller Market by Material
9.1.3 US Marine Propeller Market by Number of Blades
9.1.4 US Marine Propeller Market by Type
9.1.5 US Marine Propeller Market by Application
9.2 Canada Marine Propeller Market
9.2.1 Canada Marine Propeller Market by Sales Channel
9.2.2 Canada Marine Propeller Market by Material
9.2.3 Canada Marine Propeller Market by Number of Blades
9.2.4 Canada Marine Propeller Market by Type
9.2.5 Canada Marine Propeller Market by Application
9.3 Mexico Marine Propeller Market
9.3.1 Mexico Marine Propeller Market by Sales Channel
9.3.2 Mexico Marine Propeller Market by Material
9.3.3 Mexico Marine Propeller Market by Number of Blades
9.3.4 Mexico Marine Propeller Market by Type
9.3.5 Mexico Marine Propeller Market by Application
9.4 Rest of North America Marine Propeller Market
9.4.1 Rest of North America Marine Propeller Market by Sales Channel
9.4.2 Rest of North America Marine Propeller Market by Material
9.4.3 Rest of North America Marine Propeller Market by Number of Blades
9.4.4 Rest of North America Marine Propeller Market by Type
9.4.5 Rest of North America Marine Propeller Market by Application
Chapter 10. Company Profiles
10.1 Volvo Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Brunswick Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Kawasaki Heavy Industries, Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 MAN Energy Solutions SE (Volkswagen Group)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Nakashima Propeller Co., Ltd. (Nakashima Holdings Co., Ltd.)
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Rolls-Royce plc (Rolls-Royce Holdings Plc)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Schottel GmbH (Schottel Industrial GmbH)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Product Launches and Product Expansions:
10.7.3 SWOT Analysis
10.8 Veem Ltd
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 SWOT Analysis
10.9 Wartsila Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Hyundai Heavy Industries Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

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