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Marine Propeller Market: Global Forecast until 2022

  • November 2017
  • 178 pages
  • ID: 5191866
In this report:
According to the Shipbuilders' Association of Japan, in 2016, the total volume of seaborne trade was approximately ## billion tons, with an annual growth rate of ##-##%.
According to United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in 2016, Asia led the global shipbuilding industry, with ##.##% of world imports and ##% of world exports.

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"The marine propeller market is estimated to rise at a compound annual growth rate of ~2.6 percent during the forecast period"

The marine propeller market is projected to be ~$4.7B in 2017 and is projected to extend ~$5.4B by 2022, at a compound annual growth rate of ~2.6 percent between 2017 and 2022. The rise in international seaborne trade, rised demand for marine propellers from the new shipbuilding & repair market, and increase in maritime tourism are top factors projected to drive the marine propeller market. Nevertheless, stringent environmental regulations worldwide and accidents caused by propellers are main restraints impacting the increase of the marine propeller market.

"Established on category, the propellers segment is estimated to result the marine propeller market in 2017"

Established on category, the propellers segment is estimated to result the marine propeller market in 2017. Propellers are an essential component of naval vessels, as they generate adequate thrust to propel the vessel. They are made of distinct alloys. The selection of propeller type and number of blades are dependent on the type of ship, wherein these systems are installed.

"Established on application, the merchant ships segment is estimated to result the marine propeller market in 2017"

Established on application, the merchant ships segment is estimated to result the marine propeller market in 2017. The industry demand for merchant ships to transport commodities worldwide is driving the rise of the merchant ships segment. According to the International Chamber of Shipping, there are over 50,000 merchant ships that transport cargos, internationally.

"Established on number of blades, the 4-blade segment is estimated to result the marine propeller market in 2017"

Established on number of blades, the 4-blade segment is estimated to result the marine propeller market in 2017. 4-blade propellers offer improved propulsion efficiency and have less vibration as compared to 3-blade propellers. Furthermore, 4-blade propellers are highly efficient and attain greater speed as compared to 3-blade propellers.

"Established on end-user, the OEM segment is estimated to result the marine propeller market in 2017"

Established on final user, the OEM segment is estimated to result the marine propeller market in 2017. Original Equipment Manufacturers offer line-fit and retrofit options, thereby saving the time consumed in the installation of marine components post their delivery. Prominent OEMs in the marine propeller market contain Man SE, Rolls-Royce, and Wartsila.

"Established on propulsion, the sterndrive segment is estimated to result the marine propeller market in 2017"

Established on propulsion, the sterndrive segment is estimated to result the marine propeller market in 2017. The increase of the sterndrive segment can be accredited to the raised demand for sterndrive propulsion systems from the shipbuilding industry.

"The marine propeller market in EU is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period"

The marine propeller in Europe (EU) is anticipated to witness the highest increase between 2017 and 2022. Russian Federation, France (FR), the UK, Turkey (TR), Norway (NO), Italy (IT), and Germany (DE) are top countries considered for market analysis in the european area. The presence of leading market actors, including Michigan Marine Propulsion International, Bruntons Propellers, and CJR Propulsion, in this area has contributed to the increase of the marine propeller market in EU.

Distribution of profile of primary members taking part for this industry report:

• By Company category: Tier 1 - 55.0 percent, Tier 2 - 25.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 75.0 percent and D-level - 25.0 percent

• By Area: Asia area - 45.0 percent, Europe (EU) - 30.0 percent, North America continent - 20.0 percent and rest of the world - 5.0 percent

Top actors operating in the marine propeller market contain Rolls-Royce, Wartsila, Hyundai Heavy Sectors, MAN SE, and Caterpillar.

Segment Research

The research study segments the marine propeller market established on category (propellers, thrusters, and others), application (merchant ships, naval ships, recreational boats, and others), number of blades (3-blade, 4-blade, 5-blade, and others), end-user (OEM and aftermarket), propulsion (inboard, outboard, sterndrive, and others), and material (stainless steel, aluminium, bronze, nickel-aluminium bronze, and others). These segments and sub-segments are mapped across main regions, that is, North America (NA), EU, Asia continent, and RoW. The analysis offers detailed market intelligence about main factors influencing the rise of the marine propeller market (drivers, business restraints, alternatives, and market-specific challenges). It examines micromarkets with respect to individual developments trends, prospects, and their contribution to the marine propeller market.

Why acquiring this study can help you:

From an insight prospect, the marine propeller market report highlights on several levels of analysis - industry study, market share research of top players, and company descriptions, which together comprise and examine basic views on opposing landscape, high-growth areas and territories, and their specific regulatory policies, drivers, industry restraints, and possibilities.

The marine propeller market report offers business insights on these pointers:

• business entry: Info concerning the competitive landscape of the marine propeller market

• Market Sizing: Market value in 2016 and projection of the market between 2017 and 2022

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the marine propeller market

• Market Overview: Market forces and subsequent study of associated trends, drivers, market restraints, and alternatives in the marine propeller market

• Market Development: Highlighted information about lucrative sectors in several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the marine propeller market

• Regional Review: Factors influencing the increase of the marine propeller market in North America continent, Europe (EU), Asia area, and Rest of the globe

• opposing assessment: Detailed assessment of strategies, products, and manufacturing capabilities of leading market actors

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