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Marine Propeller Market by Propeller Type (Fixed Pitch Propeller and Controllable Pitch Propeller, and Others), Application, Number of Blades, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 250 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578261
Description Jump to:
A Marine propeller is utilized for generation of thrust in order to move a ship. A Marine propeller comprises of several blades mounted on end of a drive shaft. Propellers can be made of different materials such as bronze, aluminum and steel. Moreover, a ship can be equipped with one, two and rarely three propellers depending upon requirement of vessels or ships.

A controllable pitch propeller or variable pitch propeller is one of the most advanced propellers in the shipbuilding industry. It can move its blade in the desired position by changing the pitch of the blades during the ship operation. It can move ships in the forward and astern direction both, without changing the direction of rotation of the engine. The factors that drive the controllable pitch propeller market are its superiority such as higher propulsion efficiency, better maneuverability, less wear & tear of blades, and significant NVH performance as compared to others. Moreover, rise in the number of large ships such as cargo or containers, bulk carriers, and tankers have further fueled the market growth.

The market is driven by greater adoption of electric propulsion technology, increase in new shipbuilding & repair activities, greater demand for sea-based logistics & trade, and growth in demand for maritime travel & tourism activities. However, high maintenance cost and introduction of stringent environmental regulations are the factors acting as a hindrance in the growth of the marine propeller market. On Contrary, technological innovations in marine propulsion systems and growth in navy expenditure across the world are expected to create ample growth opportunities for the marine propeller market.

The report segments the global marine propeller market on the basis of type, material, number of blades, application, sales channel, and region. On the basis of type, the market is categorized into fixed pitch propeller (FPP), controllable pitch propeller (CPP), and others. The material segment is divided into aluminum, stainless steel, and others. Depending on number of blades, it is classified into 3 blades, 4 blades, 5 blades, and others. According to application, it is fragmented into merchant ships, naval ships, recreational boats, and others. By sales channel, it is bifurcated into original equipment manufacturer and aftermarket. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents the analytical depiction of the global marine propeller market analysis along with the current trends and future estimations to depict imminent investment pockets
  • The overall marine propeller market opportunity is determined by understanding profitable trends to gain a stronger foothold
  • The report presents information related to the key drivers, restraints, and opportunities of the global marine propeller market with a detailed impact analysis
  • The current marine propeller market is quantitatively analyzed from 2020 to 2030 to benchmark financial competency
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry

KEY MARKET SEGMENTS


By Type

  • Fixed Pitch Propeller (FPP)
  • Controllable Pitch Propeller (CPP)
  • Others

By Material

  • Aluminum
  • Stainless Steel
  • Others

By Number of Blades

  • 3 Blades
  • 4 Blades
  • 5 Blades
  • Others

By Application

  • Merchant Ships
  • Naval Ships
  • Recreational Boats
  • Others

By Sales Channel

  • Original Equipment Manufacturer
  • Aftermarket

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • KEY PLAYERS
  • AB Volvo
  • Brunswick Corporation
  • Kawasaki Heavy Industries, Ltd
  • KSOE (Hyundai Heavy Industries Co, Ltd)
  • MAN Energy Solutions
  • Nakashima Propeller Co, Ltd
  • Rolls-Royce Plc
  • Schottel Group
  • VEEM Ltd
  • Wartsila Oyj Abp

 

Please note:

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Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis, 2020 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Greater Adoption of Electric Application Technology
3.5.1.2. Increase in New Shipbuilding & Repair Activities
3.5.1.3. Greater Demand for Sea-Based Logistics & Trade
3.5.1.4. Growth in Demand for Maritime Travel & Tourism Activities
3.5.2. Restraints
3.5.2.1. High Maintenance Cost
3.5.2.2. Introduction of Stringent Environmental Regulations
3.5.3. Opportunities
3.5.3.1. Technological Innovations in Marine Application Systems
3.5.3.2. Growth in Navy Expenditure Across the World
3.6. Covid-19 Impact Analysis
3.6.1. Evolution of Outbreak
3.6.2. Micro Economic Impact Analysis
3.6.2.1. Consumer Trends
3.6.2.2. Type Trends
3.6.2.3. Regulatory Trends
3.6.3. Macro-Economic Impact Analysis
3.6.3.1. Gdp
3.6.3.2. Import/Export Analysis
3.6.3.3. Employment Index
3.6.4. Impact on the Marine Propeller Industry
Chapter 4: Marine Propeller Market, by Type
4.1. Overview
4.2. Controllable Pitch Propeller
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Fixed Pitch Propeller
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Others
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
Chapter 5: Marine Propeller Market, by Material
5.1. Overview
5.2. Aluminum
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Stainless Steel
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Other Materials
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
Chapter 6: Marine Propeller Market, by Number of Blades
6.1. Overview
6.2.3 Blades
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3.4 Blades
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country
6.4.5 Blades
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis, by Country
6.5. Others
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Analysis, by Country
Chapter 7: Marine Propeller Market, by Application
7.1. Overview
7.2. Merchant Ships
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Naval Ships
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country
7.4. Recreational Boats
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis, by Country
7.5. Other Applications
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Region
7.5.3. Market Analysis, by Country
Chapter 8: Marine Propeller Market, by Sales Channel
8.1. Overview
8.2. Original Equipment Manufacturer
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market Analysis, by Country
8.3. Aftermarket
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market Analysis, by Country
Chapter 9: Marine Propeller Market, by Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors, and Opportunities
9.2.2. Market Size and Forecast, by Type
9.2.3. Market Size and Forecast, by Material
9.2.4. Market Size and Forecast, by Number of Blades
9.2.5. Market Size and Forecast, by Application
9.2.6. Market Size and Forecast, by Sales Channel
9.2.7. Market Size and Forecast, by Country
9.2.7.1. U. S.
9.2.7.1.1. Market Size and Forecast, by Type
9.2.7.1.2. Market Size and Forecast, by Material
9.2.7.1.3. Market Size and Forecast, by Number of Blades
9.2.7.1.4. Market Size and Forecast, by Application
9.2.7.1.6. Market Size and Forecast, by Sales Channel
9.2.7.2. Canada
9.2.7.2.1. Market Size and Forecast, by Type
9.2.7.2.2. Market Size and Forecast, by Material
9.2.7.2.3. Market Size and Forecast, by Number of Blades
9.2.7.2.4. Market Size and Forecast, by Application
9.2.7.2.6. Market Size and Forecast, by Sales Channel
9.2.7.3. Mexico
9.2.7.3.1. Market Size and Forecast, by Type
9.2.7.3.2. Market Size and Forecast, by Material
9.2.7.3.3. Market Size and Forecast, by Number of Blades
9.2.7.3.4. Market Size and Forecast, by Application
9.2.7.3.5. Market Size and Forecast, by Sales Channel
9.3. Europe
9.3.1. Key Market Trends, Growth Factors, and Opportunities
9.3.2. Market Size and Forecast, by Type
9.3.3. Market Size and Forecast, by Material
9.3.4. Market Size and Forecast, by Number of Blades
9.3.5. Market Size and Forecast, by Application
9.3.7. Market Size and Forecast, by Sales Channel
9.3.8. Market Size and Forecast, by Country
9.3.8.1. Uk
9.3.8.1.1. Market Size and Forecast, by Type
9.3.8.1.2. Market Size and Forecast, by Material
9.3.8.1.3. Market Size and Forecast, by Number of Blades
9.3.8.1.4. Market Size and Forecast, by Application
9.3.8.1.6. Market Size and Forecast, by Sales Channel
9.3.8.2. Germany
9.3.8.2.1. Market Size and Forecast, by Type
9.3.8.2.2. Market Size and Forecast, by Material
9.3.8.2.3. Market Size and Forecast, by Number of Blades
9.3.8.2.4. Market Size and Forecast, by Application
9.3.8.2.6. Market Size and Forecast, by Sales Channel
9.3.8.3. France
9.3.8.3.1. Market Size and Forecast, by Type
9.3.8.3.2. Market Size and Forecast, by Material
9.3.8.3.3. Market Size and Forecast, by Number of Blades
9.3.8.3.4. Market Size and Forecast, by Application
9.3.8.3.6. Market Size and Forecast, by Sales Channel
9.3.8.5. Russia
9.3.8.5.1. Market Size and Forecast, by Type
9.3.8.5.2. Market Size and Forecast, by Material
9.3.8.5.3. Market Size and Forecast, by Number of Blades
9.3.8.5.4. Market Size and Forecast, by Application
9.3.8.5.6. Market Size and Forecast, by Sales Channel
9.3.8.6. Rest of Europe
9.3.8.6.1. Market Size and Forecast, by Type
9.3.8.6.2. Market Size and Forecast, by Material
9.3.8.6.3. Market Size and Forecast, by Number of Blades
9.3.8.6.4. Market Size and Forecast, by Application
9.3.8.6.6. Market Size and Forecast, by Sales Channel
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors, and Opportunities
9.4.2. Market Size and Forecast, by Type
9.4.3. Market Size and Forecast, by Material
9.4.4. Market Size and Forecast, by Number of Blades
9.4.5. Market Size and Forecast, by Application
9.4.7. Market Size and Forecast, by Sales Channel
9.4.8. Market Size and Forecast, by Country
9.4.8.1. China
9.4.8.1.1. Market Size and Forecast, by Type
9.4.8.1.2. Market Size and Forecast, by Material
9.4.8.1.3. Market Size and Forecast, by Number of Blades
9.4.8.1.4. Market Size and Forecast, by Application
9.4.8.1.6. Market Size and Forecast, by Sales Channel
9.4.8.2. Japan
9.4.8.2.1. Market Size and Forecast, by Type
9.4.8.2.2. Market Size and Forecast, by Material
9.4.8.2.3. Market Size and Forecast, by Number of Blades
9.4.8.2.4. Market Size and Forecast, by Application
9.4.8.2.6. Market Size and Forecast, by Sales Channel
9.4.8.3. India
9.4.8.3.1. Market Size and Forecast, by Type
9.4.8.3.2. Market Size and Forecast, by Material
9.4.8.3.3. Market Size and Forecast, by Number of Blades
9.4.8.3.4. Market Size and Forecast, by Application
9.4.8.3.6. Market Size and Forecast, by Sales Channel
9.4.8.5. South Korea
9.4.8.5.1. Market Size and Forecast, by Type
9.4.8.5.2. Market Size and Forecast, by Material
9.4.8.5.3. Market Size and Forecast, by Number of Blades
9.4.8.5.4. Market Size and Forecast, by Application
9.4.8.5.6. Market Size and Forecast, by Sales Channel
9.4.8.6. Rest of Asia-Pacific
9.4.8.6.1. Market Size and Forecast, by Type
9.4.8.6.2. Market Size and Forecast, by Material
9.4.8.6.3. Market Size and Forecast, by Number of Blades
9.4.8.6.4. Market Size and Forecast, by Application
9.4.8.6.6. Market Size and Forecast, by Sales Channel
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors, and Opportunities
9.5.2. Market Size and Forecast, by Type
9.5.3. Market Size and Forecast, by Material
9.5.4. Market Size and Forecast, by Number of Blades
9.5.5. Market Size and Forecast, by Application
9.5.7. Market Size and Forecast, by Sales Channel
9.5.8. Market Size and Forecast, by Country
9.5.8.1. Latin America
9.5.8.1.1. Market Size and Forecast, by Type
9.5.8.1.2. Market Size and Forecast, by Material
9.5.8.1.3. Market Size and Forecast, by Number of Blades
9.5.8.1.4. Market Size and Forecast, by Application
9.5.8.1.6. Market Size and Forecast, by Sales Channel
9.5.8.2. Middle East
9.5.8.2.1. Market Size and Forecast, by Type
9.5.8.2.2. Market Size and Forecast, by Material
9.5.8.2.3. Market Size and Forecast, by Number of Blades
9.5.8.2.4. Market Size and Forecast, by Application
9.5.8.2.6. Market Size and Forecast, by Sales Channel
9.5.8.3. Africa
9.5.8.3.1. Market Size and Forecast, by Type
9.5.8.3.2. Market Size and Forecast, by Material
9.5.8.3.3. Market Size and Forecast, by Number of Blades
9.5.8.3.4. Market Size and Forecast, by Application
9.5.8.3.6. Market Size and Forecast, by Sales Channel
Chapter 10: Company Profiles
10.1. Ab Volvo
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. R&D Expenditure
10.1.7. Business Performance
10.1.8. Key Strategic Moves and Developments
10.2. Brunswick Corporation
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. R&D Expenditure
10.2.7. Business Performance
10.3. Kawasaki Heavy Industries, Ltd.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.4. Korea Shipbuilding & Offshore Engineering Co. Ltd. (Hyundai Heavy Industries Co. Ltd.)
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. R&D Expenditure
10.4.7. Business Performance
10.5. Man Energy Solutions
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Product Portfolio
10.5.5. Key Strategic Moves and Developments
10.6. Nakashima Propeller Co. Ltd.
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Product Portfolio
10.6.5. Key Strategic Moves and Developments
10.7. Rolls-Royce plc
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. R&D Expenditure
10.7.7. Business Performance
10.7.8. Key Strategic Moves and Developments
10.8. Schottel Group
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Product Portfolio
10.8.5. Key Strategic Moves and Developments
10.9. Veem Ltd.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Product Portfolio
10.9.5. Business Performance
10.9.6. Key Strategic Moves and Developments
10.10. Wartsila Oyj Abp
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
List of Tables
Table 01. Global Marine Propeller Market, by Type, 2020-2030 ($Million)
Table 02. Marine Propeller Market for Controllable Pitch Propeller, by Region 2020-2030 ($Million)
Table 03. Marine Propeller Market for Fixed Pitch Propeller, by Region 2020-2030 ($Million)
Table 04. Marine Propeller Market for Other Propellers, by Region 2020-2030 ($Million)
Table 05. Global Marine Propeller Market, by Material, 2020-2030 ($Million)
Table 06. Aluminum Marine Propeller Market, by Region 2020-2030 ($Million)
Table 07. Stainless Steel Marine Propeller Market, by Region 2020-2030 ($Million)
Table 08. Other Materials Marine Propeller Market, by Region 2020-2030 ($Million)
Table 09. Global Marine Propeller Market, by Number of Blades, 2020-2030 ($Million)
Table 10. 3 Blades Marine Propeller Market, by Region 2020-2030 ($Million)
Table 11. 4 Blades Marine Propeller Market, by Region 2020-2030 ($Million)
Table 12. 5 Blades Marine Propeller Market, by Region 2020-2030 ($Million)
Table 13. Marine Propeller Market for Others, by Region 2020-2030 ($Million)
Table 14. Global Marine Propeller Market, by Application, 2020-2030 ($Million)
Table 15. Marine Propeller Market for Merchant Ships, by Region 2020-2030 ($Million)
Table 16. Marine Propeller Market for Naval Ships, by Region 2020-2030 ($Million)
Table 17. Marine Propeller Market for Recreational Boats, by Region 2020-2030 ($Million)
Table 18. Marine Propeller Market for Other Applications, by Region 2020-2030 ($Million)
Table 19. Global Marine Propeller Market, by Sales Channel, 2020-2030 ($Million)
Table 20. Marine Propeller Market for Original Equipment Manufacturer, by Region 2020-2030 ($Million)
Table 21. Marine Propeller Market for Aftermarket, by Region 2020-2030 ($Million)
Table 22. Marine Propeller Market, by Region 2020–2030 ($Million)
Table 23. North America Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 24. North America Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 25. North America Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 26. North America Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 27. North America Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 28. U.S Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 29. U.S Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 30. U.S Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 31. U.S Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 32. U.S Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 33. Canada Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 34. Canada Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 35. Canada Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 36. Canada Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 37. Canada Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 38. Mexico Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 39. Mexico Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 40. Mexico Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 41. Mexico Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 42. Mexico Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 43. Europe Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 44. Europe Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 45. Europe Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 46. Europe Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 47. Europe Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 48. Uk Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 49. Uk Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 50. Uk Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 51. Uk Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 52. Uk Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 53. Germany Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 54. Germany Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 55. Germany Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 56. Germany Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 57. Germany Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 58. France Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 59. France Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 60. France Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 61. France Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 62. France Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 63. Russia Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 64. Russia Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 65. Russia Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 66. Russia Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 67. Russia Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 68. Rest of Europe Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 69. Rest of Europe Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 70. Rest of Europe Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 71. Rest of Europe Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 72. Rest of Europe Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 73. Asia-Pacific Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 74. Asia-Pacific Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 75. Asia-Pacific Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 76. Asia-Pacific Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 77. Asia-Pacific Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 78. China Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 79. China Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 80. China Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 81. China Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 82. China Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 83. Japan Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 84. Japan Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 85. Japan Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 86. Japan Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 87. Japan Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 88. India Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 89. India Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 90. India Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 91. India Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 92. India Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 93. South Korea Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 94. South Korea Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 95. South Korea Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 96. South Korea Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 97. South Korea Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 98. Rest of Asia-Pacific Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 99. Rest of Asia-Pacific Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 100. Rest of Asia-Pacific Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 101. Rest of Asia-Pacific Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 102. Rest of Asia-Pacific Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 103. Lamea Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 104. Lamea Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 105. Lamea Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 106. Lamea Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 107. Lamea Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 108. Latin America Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 109. Latin America Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 110. Latin America Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 111. Latin America Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 112. Latin America Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 113. Middle East Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 114. Middle East Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 115. Middle East Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 116. Middle East Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 117. Middle East Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 118. Africa Marine Propeller Market, by Type, 2020–2030 ($Million)
Table 119. Africa Marine Propeller Market, by Material, 2020–2030 ($Million)
Table 120. Africa Marine Propeller Market, by Number of Blades, 2020–2030 ($Million)
Table 121. Africa Marine Propeller Market, by Application, 2020–2030 ($Million)
Table 122. Africa Marine Propeller Market, by Sales Channel, 2020–2030 ($Million)
Table 123. Ab Volvo: Key Executives
Table 124. Ab Volvo: Company Snapshot
Table 125. Ab Volvo: Operating Segments
Table 126. Ab Volvo: Product Portfolio
Table 127. Ab Volvo: R&D Expenditure, 2018–2020 ($Million)
Table 128. Ab Volvo: Net Sales, 2018–2020 ($Million)
Table 129. Brunswick Corporation: Key Executives
Table 130. Brunswick Corporation: Company Snapshot
Table 131. Brunswick Corporation: Operating Segments
Table 132. Brunswick Corporation: Product Portfolio
Table 133. Brunswick Corporation: R&D Expenditure, 2019–2021 ($Million)
Table 134. Brunswick Corporation: Net Sales, 2019–2021 ($Million)
Table 135. Kawasaki Heavy Industries, Ltd. : Key Executive
Table 136. Kawasaki Heavy Industries, Ltd. : Company Snapshot
Table 137. Kawasaki Heavy Industries, Ltd. : Operating Segments
Table 138. Kawasaki Heavy Industries, Ltd. : Product Portfolio
Table 139. Kawasaki Heavy Industries, Ltd. : R&D Expenditure, 2018–2020 ($Million)
Table 140. Kawasaki Heavy Industries, Ltd. : Net Sales, 2018–2020 ($Million)
Table 141. Korea Shipbuilding & Offshore Engineering Co. Ltd. : Key Executives
Table 142. Korea Shipbuilding & Offshore Engineering Co. Ltd. : Company Snapshot
Table 143. Korea Shipbuilding & Offshore Engineering Co. Ltd. : Operating Segments
Table 144. Korea Shipbuilding & Offshore Engineering Co. Ltd. : Product Portfolio
Table 145. Korea Shipbuilding & Offshore Engineering Co. Ltd. : R&D Expenditure, 2018–2020 ($Million)
Table 146. Korea Shipbuilding & Offshore Engineering Co. Ltd. : Net Sales, 2018–2020 ($Million)
Table 147. Man Energy Solutions: Key Executives
Table 148. Man Energy Solutions: Company Snapshot
Table 149. Man Energy Solutions: Product Portfolio
Table 150. Nakashima Propeller Co. Ltd. : Key Executives
Table 151. Nakashima Propeller Co. Ltd. : Company Snapshot
Table 152. Nakashima Propeller Co. Ltd. : Product Portfolio
Table 153. Rolls-Royce plc: Key Executives
Table 154. Rolls-Royce plc: Company Snapshot
Table 155. Rolls-Royce plc: Operating Segments
Table 156. Rolls-Royce plc: Product Portfolio
Table 157. Rolls-Royce plc: R&D Expenditure, 2018–2020 ($Million)
Table 158. Rolls-Royce plc: Net Sales, 2018–2020 ($Million)
Table 159. Schottel Group: Key Executives
Table 160. Schottel Group: Company Snapshot
Table 161. Schottel Group: Product Portfolio
Table 162. Veem Ltd. : Key Executives
Table 163. Veem Ltd. : Company Snapshot
Table 164. Veem Ltd. : Product Portfolio
Table 165. Veem Ltd. : Net Sales, 2018–2020 ($Million)
Table 166. Wartsila Oyj Abp: Key Executives
Table 167. Wartsila Oyj Abp: Company Snapshot
Table 168. Wartsila Oyj Abp: Operating Segments
Table 169. Wartsila Oyj Abp: Product Portfolio
Table 170. Wartsila Oyj Abp: Net Sales, 2019–2021 ($Million)
List of Figures
Figure 01. Key Market Segments
Figure 02. Executive Summary
Figure 03. Executive Summary
Figure 04. Top Impacting Factors
Figure 05. Top Investment Pockets
Figure 06. Top Winning Strategies, by Year, 2019-2021
Figure 07. Top Winning Strategies, by Development, 2019-2021
Figure 08. Top Winning Strategies, by Company, 2019-2021
Figure 09. Moderate Bargaining Power of Suppliers
Figure 10. Moderate Threat of New Entrants
Figure 11. Moderate Threat of Substitutes
Figure 12. Moderate Intensity of Rivalry
Figure 13. Moderate Bargaining Power of Buyers
Figure 14. Market Share Analysis, 2020 (%)
Figure 15. Global Marine Propeller Market Share, by Type, 2020–2030 (%)
Figure 16. Comparative Share Analysis of Marine Propeller Market for Controllable Pitch Propeller, by Country, 2020 & 2030 ($ Million)
Figure 17. Comparative Share Analysis of Marine Propeller Market for Fixed Pitch Propeller, by Country, 2020 & 2030 ($ Million)
Figure 18. Comparative Share Analysis of Marine Propeller Market for Other Propellers, by Country, 2020 & 2030 ($ Million)
Figure 19. Global Marine Propeller Market Share, by Material, 2020–2030 (%)
Figure 21. Comparative Share Analysis of Aluminum Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 22. Comparative Share Analysis of Stainless Steel Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 25. Comparative Share Analysis of Other Materials Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 26. Global Marine Propeller Market Share, by Number of Blades, 2020–2030 (%)
Figure 28. Comparative Share Analysis of 3 Blades Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 29. Comparative Share Analysis of 4 Blades Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 32. Comparative Share Analysis of 5 Blades Marine Propeller Market, by Country, 2020 & 2030 ($ Million)
Figure 35. Comparative Share Analysis of Marine Propeller Market for Others, by Country, 2020 & 2030 ($ Million)
Figure 36. Global Marine Propeller Market Share, by Application, 2020–2030 (%)
Figure 37. Comparative Share Analysis of Marine Propeller Market for Merchant Ships, by Country, 2020 & 2030 ($ Million)
Figure 38. Comparative Share Analysis of Marine Propeller Market for Naval Ships, by Country, 2020 & 2030 ($ Million)
Figure 39. Comparative Share Analysis of Marine Propeller Market for Recreational Boats, by Country, 2020 & 2030 ($ Million)
Figure 40. Comparative Share Analysis of Marine Propeller Market for Other Applications, by Country, 2020 & 2030 ($ Million)
Figure 41. Global Marine Propeller Market Share, by Sales Channel, 2020–2030 (%)
Figure 42. Comparative Share Analysis of Marine Propeller Market for Original Equipment Manufacturer, by Country, 2020 & 2030 ($ Million)
Figure 44. Comparative Share Analysis of Marine Propeller Market for Aftermarket, by Country, 2020 & 2030 ($ Million)
Figure 45. Marine Propeller Market, by Region, 2020-2030 (%)
Figure 46. Comparative Share Analysis of North America Marine Propeller Market, by Country, 2020–2030 (%)
Figure 47. U. S. Marine Propeller Market, 2020–2030 ($ Million)
Figure 48. Canada Marine Propeller Market, 2020–2030 ($ Million)
Figure 49. Mexico Marine Propeller Market, 2020–2030 ($ Million)
Figure 50. Comparative Share Analysis of Europe Marine Propeller Market, by Country, 2020–2030 (%)
Figure 51. Uk Marine Propeller Market, 2020–2030 ($ Million)
Figure 52. Germany Marine Propeller Market, 2020–2030 ($ Million)
Figure 53. France Marine Propeller Market, 2020–2030 ($ Million)
Figure 54. Russia Marine Propeller Market, 2020–2030 ($ Million)
Figure 55. Rest of Europe Marine Propeller Market, 2020–2030 ($ Million)
Figure 56. Comparative Share Analysis of Asia-Pacific Marine Propeller Market, by Country, 2020–2030 (%)
Figure 57. China Marine Propeller Market, 2020–2030 ($ Million)
Figure 58. Japan Marine Propeller Market, 2020–2030 ($ Million)
Figure 59. India Marine Propeller Market, 2020–2030 ($ Million)
Figure 60. South Korea Marine Propeller Market, 2020–2030 ($ Million)
Figure 61. Rest of Asia-Pacific Marine Propeller Market, 2020–2030 ($ Million)
Figure 62. Comparative Share Analysis of LAMEA Marine Propeller Market, by Country, 2020–2030 (%)
Figure 63. Latin America Marine Propeller Market, 2020–2030 ($ Million)
Figure 64. Middle East Marine Propeller Market, 2020–2030 ($ Million)
Figure 65. Africa Marine Propeller Market, 2020–2030 ($ Million)
Figure 66. Ab Volvo: R&D Expenditure, 2018–2020 ($ Million)
Figure 67. Ab Volvo: Net Sales, 2018–2020 ($ Million)
Figure 68. Ab Volvo: Revenue Share by Segment, 2020 (%)
Figure 69. Ab Volvo: Revenue Share by Region, 2020 (%)
Figure 70. Brunswick Corporation: R&D Expenditure, 2019–2021 ($ Million)
Figure 71. Brunswick Corporation: Net Sales, 2019–2021 ($ Million)
Figure 72. Brunswick Corporation: Revenue Share by Segment, 2020 (%)
Figure 73. Brunswick Corporation: Revenue Share by Region, 2020 (%)
Figure 74. Kawasaki Heavy Industries, Ltd: R&D Expenditure, 2018–2020 ($ Million)
Figure 75. Kawasaki Heavy Industries, Ltd: Net Sales, 2018–2020 ($ Million)
Figure 76. Kawasaki Heavy Industries, Ltd: Revenue Share by Segment, 2020 (%)
Figure 77. Kawasaki Heavy Industries, Ltd: Revenue Share by Region, 2020 (%)
Figure 78. Korea Shipbuilding & Offshore Engineering Co. Ltd: R&D Expenditure, 2018–2020 ($ Million)
Figure 79. Korea Shipbuilding & Offshore Engineering Co. Ltd: Net Sales, 2018–2020 ($ Million)
Figure 80. Korea Shipbuilding & Offshore Engineering Co. Ltd: Revenue Share by Segment, 2020 (%)
Figure 81. Rolls-Royce plc: R&D Expenditure, 2018–2020 ($ Million)
Figure 82. Rolls-Royce plc: Net Sales, 2018–2020 ($ Million)
Figure 83. Rolls-Royce plc: Revenue Share by Segment, 2020 (%)
Figure 84. Rolls-Royce plc: Revenue Share by Region, 2020 (%)
Figure 85. Veem Ltd: Net Sales, 2018–2020 ($ Million)
Figure 86. Wartsila Oyj Abp: Net Sales, 2019–2021 ($ Million)
Figure 87. Wartsila Oyj Abp: Revenue Share by Segment, 2021 (%)
Figure 88. Wartsila Oyj Abp: Revenue Share by Region, 2021 (%)

Executive Summary

According to a recent report titled, “marine propeller market by type, material, number of blades, application, and sales channel: global opportunity analysis and industry forecast, 2021–2030,” the global marine propeller market was valued at $5.07 billion in 2020, and is projected to reach $8.52 billion by 2030, registering a CAGR of 5.5% from 2021 to 2030.

Asia-Pacific is expected to dominate the marine propeller market, owing to its high shipbuilding & seaborne trade activities and growth in maritime tourism activities. Rise in industrialization and urbanization in developing countries, presence of large number of leading players, and highly concentrated shipbuilding industry in China, Japan, and South Korea further strengthens growth of this region.

Electric propulsion technology in ships is gaining momentum as several shipbuilding companies are focusing on building greener ships, which would be based on clean energy. Electric propulsion technology enables gas turbines to generate three-phase electricity to run electric motors, which, in turn, rotates the propellers. This electric propulsion technology is expected to aid in reducing green house gas effect as well as contribute in reduction in weight of ship.

On the basis of application, the marine propeller market is segregated into merchant ships, naval ships, recreational boats, and others. Rise in demand for containerships has been observed after the COVID-19 pandemic. This surge in demand for containership is attributed to rushing of several e-commerce companies to stock up after a year of pandemic related supply chain disruptions. This growing demand for containerships is creating demand for new merchant ships to be built with more capacity, which also creates demand for equipment related to shipbuilding such as propellers, engines, and shafts.

Significant factors impacting growth of the marine propeller market comprises greater adoption of electric propulsion technology, increase in new shipbuilding & repair activities, greater demand for sea-based logistics & trade, and growth in demand for maritime travel & tourism activities. Moreover, factors such as high maintenance cost and introduction of stringent environmental regulations are expected hamper the market growth. Futhermore, technological innovations in marine propulsion systems and growth in navy expenditure across the world are expected to create new growth opportunities for the marine propeller market during the forecast period.

COVID-19 Impact Analysis


The impact of the COVID-19 pandemic has resulted in supply-chain disruptions and reduced economic activities resulting in reduced orders for new ships. Low number of orders for new ships resulted in reduced demand for propeller during the pandemic. Reduced trade activities and ship production during the pandemic also hampered the market growth. In addition, introduction of new environmental regulations forced ship owners to pay more for cleaner fuel, integrate pollution-reducing scrubbers, or order newer vessels. Higher fuel prices and poor market conditions during the pandemic resulted in scrapping of older ships by ship owners to avoid losses.

However, in 2021, the industry experienced surge in orders for new shipbuilding all across the globe. This is attributed to tremendous increase in demand for manufactured consumer goods during the pandemic with e-commerce giants such as Walmart, Alibaba, and Amazon and restocking their inventory after facing supply chain disruptions during the peak of the pandemic. Greater demand for larger cargo space and faster cross-border shipment of goods, and surge in sea freight shipping rates due to unavailability of containers and port congestion in Asia, North America, and Europe resulted in greater demand for shipbuilding. Moreover, majority of orders for new shipbuilding are received by shipyards in China, Japan, and South Korea. This increase in new shipbuilding & repair activities is expected to also create demand for several equipment utilized in shipbuilding such as propellers and shafts, which, in turn, is expected to contribute toward growth of the marine propeller market.

Key Findings Of The Study


  • By type, the controllable pitch propeller segment is anticipated to exhibit significant growth in the near future
  • By material, the aluminum segment is expected to register a significant growth during the forecast period
  • By number of blades, the 5 blade propeller segment is anticipated to exhibit significant growth in the near future
  • By application, the naval ships segment is expected to register a significant growth during the forecast period
  • By sales channel, the aftermarket segment is anticipated to exhibit significant growth in the near future
  • By region, Europe is anticipated to register the highest CAGR during the forecast period

Key players operating in the global marine propeller market include AB Volvo, Brunswick Corporation, Kawasaki Heavy Industries, Ltd., KSOE (Hyundai Heavy Industries Co., Ltd.), MAN Energy Solutions, Nakashima Propeller Co., Ltd, Rolls-Royce Plc, Schottel Group, VEEM Ltd and Wartsila Oyj Abp

Companies Mentioned

  • AB Volvo
  • Brunswick Corporation
  • Kawasaki Heavy Industries, Ltd.
  • KSOE (Hyundai Heavy Industries Co., Ltd.),
  • MAN Energy Solutions
  • Nakashima Propeller Co., Ltd.
  • Rolls-Royce Plc
  • Schottel Group
  • VEEM Ltd. and Wartsila Oyj Abp

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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