Report Id: ADMPM0622
Marine Propeller Market Size by Material (Aluminium, Bronze, Nickel-Aluminium Bronze, Stainless Steel and Others), By Propulsion (Inboard, Outboard, Sterndrive and Others), Type (Propellers, Thrusters and Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The Marine Propeller Market is expected to be around US$ 5.5 Billion by 2028 at a CAGR of 2.5% in the given forecast period.
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Major Players
- Kongsberg Gruppen
- Hyundai Heavy Industries Co., Ltd
- Wartsila Oyj Abp
- MAN Energy Solutions
- Mitsubishi Heavy Industries Ltd
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
2
REPORT DESCRIPTION
The Marine Propeller Market is expected to be around US$ 5.5 Billion by 2028 at a CAGR of 2.5% in the given forecast period.
The marine propeller market is majorly driven by rising international seaborne trade across the world. The rising technological improvement is also propelling the marine propeller market growth. Technologically advanced hybrid marine propulsion systems are highly used to reduce fuel consumption. These include lithium batteries, solar panels and wind power propulsion systems. Research and development investments have been increasing so that fuel-efficient propulsion systems and propellers can be installed extensively in the coming future. A huge dealer fleet size is also propelling the global marine propeller market growth. In addition, the increased job opportunities are also augmenting the growth of the global Marine Propeller Market. In line with this, the increase in water-based logistics and rise in the travel and leisure sector is another driver in with the marine propeller market.
The global Marine Propeller market is segregated on the basis of Material as Aluminium, Bronze, Nickel-Aluminium Bronze, Stainless Steel and Others. Based on Propulsion the global Marine Propeller market is segmented in Inboard, Outboard, Sterndrive and Others. Based on Type the global Marine Propeller market is segmented in Propellers, Thrusters and Others.
The global Marine Propeller market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Marine Propeller market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Kongsberg Gruppen, Wartsila Oyj Abp, MAN Energy Solutions, Hyundai Heavy Industries Co., Ltd, Mitsubishi Heavy Industries Ltd, Schottel, Mecklenburger Metallguss GmbH, Veem LTD., Schaffran Propeller + Service GmbH, Nakashima Propeller Co., Ltd., and others are among the major players in the global Marine Propeller market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Marine Propeller Market has been segmented as below:
Marine Propeller Market, By Material
- Aluminium
- Bronze
- Nickel-Aluminium Bronze
- Stainless Steel
- Others
Marine Propeller Market, By Propulsion
- Inboard
- Outboard
- Sterndrive
- Others
Marine Propeller Market, By Type
- Propellers
- Thrusters
- Others
Marine Propeller Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Marine Propeller Market, By Company
- Kongsberg Gruppen
- Wartsila Oyj Abp
- MAN Energy Solutions
- Hyundai Heavy Industries Co., Ltd
- Mitsubishi Heavy Industries Ltd
- Schottel
- Mecklenburger Metallguss GmbH
- Veem LTD.
- Schaffran Propeller + Service GmbH
- Nakashima Propeller Co., Ltd.
- Brunswick Corporation (Mercury Marine)
- Kawasaki Heavy Industries, Ltd
- Changzhou Chonghai Marine Propeller Co., Ltd
- Teignbridge Propellers International Limited
The report covers:
- Global Marine Propeller market sizes from 2022 to 2028, along with CAGR for 2023-2028
- Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
- Global Marine Propeller market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Marine Propeller market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Marine Propeller market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Marine Propeller market share. Major industry players with significant revenue share include Kongsberg Gruppen, Wartsila Oyj Abp, MAN Energy Solutions, Hyundai Heavy Industries Co., Ltd, Mitsubishi Heavy Industries Ltd, Schottel, Mecklenburger Metallguss GmbH, Veem LTD., Schaffran Propeller + Service GmbH, Nakashima Propeller Co., Ltd., and others.
Reasons to Buy this Report:
- Gain detailed insights on the Marine Propeller industry trends
- Find complete analysis on the market status
- Identify the Marine Propeller market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Marine Propeller Market, By Material
5.1. Introduction
5.2. Aluminium
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Bronze
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Nickel-Aluminium Bronze
5.4.1. Market Overview
5.4.2. Market Size and Forecast
5.5. Stainless Steel
5.5.1. Market Overview
5.5.2. Market Size and Forecast
5.6. Others
5.6.1. Market Overview
5.6.2. Market Size and Forecast
6. Marine Propeller Market, By Propulsion
6.1. Introduction
6.2. Inboard
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Outboard
6.3.1. Market Overview
6.3.2. Market Size and Forecast
6.4. Sterndrive
6.4.1. Market Overview
6.4.2. Market Size and Forecast
6.5. Others
6.5.1. Market Overview
6.5.2. Market Size and Forecast
7. Marine Propeller Market, By Type
7.1. Introduction
7.2. Propellers
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Thrusters
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Others
7.4.1. Market Overview
7.4.2. Market Size and Forecast
8. Marine Propeller Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Marine Propeller, By Material
8.2.2. North America Marine Propeller, By Propulsion
8.2.3. North America Marine Propeller, By Type
8.3. Europe
8.3.1. Europe Marine Propeller, By Material
8.3.2. Europe Marine Propeller, By Propulsion
8.3.3. Europe Marine Propeller, By Type
8.4. Asia-Pacific
8.4.1. Asia-Pacific Marine Propeller, By Material
8.4.2. Asia-Pacific Marine Propeller, By Propulsion
8.4.3. Asia-Pacific Marine Propeller, By Type
8.5. Rest of the World
8.5.1. Rest of the World Marine Propeller, By Material
8.5.2. Rest of the World Marine Propeller, By Propulsion
8.5.3. Rest of the World Marine Propeller, By Type
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. Kongsberg Gruppen
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Wartsila Oyj Abp
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. MAN Energy Solutions
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Hyundai Heavy Industries Co., Ltd
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Mitsubishi Heavy Industries Ltd
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Schottel
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Mecklenburger Metallguss GmbH
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Veem LTD.
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Schaffran Propeller + Service GmbH
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Nakashima Propeller Co., Ltd.
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Brunswick Corporation (Mercury Marine)
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Kawasaki Heavy Industries, Ltd
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. Changzhou Chonghai Marine Propeller Co., Ltd
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Teignbridge Propellers International Limited
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
The Marine Propeller Market has been segmented as below:
Marine Propeller Market, By Material
- Aluminium
- Bronze
- Nickel-Aluminium Bronze
- Stainless Steel
- Others
Marine Propeller Market, By Propulsion
- Inboard
- Outboard
- Sterndrive
- Others
Marine Propeller Market, By Type
- Propellers
- Thrusters
- Others
Marine Propeller Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Marine Propeller Market, By Company
- Kongsberg Gruppen
- Wartsila Oyj Abp
- MAN Energy Solutions
- Hyundai Heavy Industries Co., Ltd
- Mitsubishi Heavy Industries Ltd
- Schottel
- Mecklenburger Metallguss GmbH
- Veem LTD.
- Schaffran Propeller + Service GmbH
- Nakashima Propeller Co., Ltd.
- Brunswick Corporation (Mercury Marine)
- Kawasaki Heavy Industries, Ltd
- Changzhou Chonghai Marine Propeller Co., Ltd
- Teignbridge Propellers International Limited
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