Global Marine Propeller Market Insights, Forecast to 2023
This report presents the worldwide Marine Propeller market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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.
Europe and Asia-Pacific (China, Japan and South Korea), is the main production base of marine propeller, key manufacturers: Nakashima Propeller
Hyundai Heavy Industries, Rolls-Royce, Wartsila Oyj Abp, Schottel., MAN Diesel & Turbo, Mitsubishi Heavy Industries, Kawasaki, MMG, Berg Propulsion (Cat), Baltic Shipyard, Scana Volda, Veem, Teignbridge, DMPC, Wartsila CME, Changzhou Zhonghai, Wuhan Kawasaki Marine are all located here.
Fixed pitch propeller is the most popular product type nowadays, due to a great proportion of ocean-going vessels in shipbuilding industry. And it will remain in this state in the next few years.
Marine propeller industry has a long history, and now developed very mature. Its production and sales have gradually concentrated in Europe and Asia Pacific.
Currently, there are hundreds of large and small manufacturers of marine propeller worldwide, coupled with the shipbuilding¡¯s overcapacity, the global market¡¯s recession is unstoppable, and the marine propeller market competition will become increasingly fierce over time.
The Marine Propeller market was valued at 369.47 Million US$ in 2017 and is projected to reach 379.96 Million US$ by 2023, at a CAGR of 0.47% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2023 as the forecast period to estimate the market size for Marine Propeller.
The following manufacturers are covered in this report:
MAN Diesel & Turbo
Wartsila Oyj Abp
Mitsubishi Heavy Industries, Ltd
Hyundai Heavy Industries Co.Ltd
Berg Propulsion (Caterpillar)
SMMC Marine Drive Systems
Marine Propeller Breakdown Data by Type
Controllable pitch propeller
Fixed pitch propeller
Marine Propeller Breakdown Data by Application
Small cruise ships
Medium size boats
Marine Propeller Production by Region
Marine Propeller Consumption by Region
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Marine Propeller status and future forecast£¬involving, production, revenue, consumption, historical and forecast.
To present the key Marine Propeller manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Marine Propeller:
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Marine Propeller market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.