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Flap Rudder Market Report
Flap Rudder Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
Flap Rudder Market is likely to witness a CAGR of 4.2% during the forecast period. Growing demand for marine fishing vessels, tourism and other recreations along with sea vessels in the defense sector is likely to drive the growth of the market during the forecast period.
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Flap Rudder Market – Snapshot |
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Growth |
4.2% for the next five years |
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Major Flap Material Type |
Composites |
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Major Ship Type |
Oil & Gas Carriers |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Becker Marine Systems GmbH, Damen Marine Components, De Waal BV, Jiangsu China Empire Offshore Engineering Equipment Manufacture Co. Ltd., Kamome Propeller, Kemp Propulsion Systems, Kongsberg Gruppen, Nakashima Propeller Co. Ltd., Wuxi Delin Marine Equipment Co. Ltd., YMV Kreyn ve Makina Sistemleri. |
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Based on the flap material type, the market is segmented as metal and composites. The composites segment is estimated to lead the market during the forecast period. The growth of the segment is owing to its versatile operating properties, and its use for the production of rubber flaps, which is increasing. Further, it offers significant weight savings, making transportation and assembly easier to manage. Also, the implementation of composite materials can substantially reduce waste from raw materials and they also, support the manufacture of hull surfaces, including high lift and low drag, with improved propulsion properties, thus driving the growth of the segment.
Based on the ship type, the market is segmented as bulk carriers, oil & gas carriers, offshore vessels, general cargo ships, container ships, ferries, passenger ships, and others. The oil & gas carriers’ segment is expected to lead the market over the forecast period. The rising demand for raw oil and oil slaps will boost maritime trade by petroleum tankers, driving the growth of the segment. In recent years, gas carriers have witnessed considerable growth, and the increasing activity in oil and gas exploration will promote expansion of the flap rudder market.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the factor that the region is home to major flap rudder manufactures. More than 50% of the global maritime trading volume accounts to Asia-Pacific. In 2019, more than 60% of goods were unloaded and more than 40% of goods loaded in the Asian ports. In the Asian seaports, 7 billion tons of goods were discharged and 4,5 billion tons of goods were loaded the same year. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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A flap rudder is a multi-section rudder comprising a blade with a mechanical or hydraulic trailing edge flap. To ensure that the vessel takes the desired direction, the foremost function of a flap rudder lies in providing the ship with the correct direction.
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Flap Rudder Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The flap rudder market is segmented into the following categories.
Some of the key players in the flap rudder market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The flap rudder market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.
Becker Marine Systems GmbH, Damen Marine Components, De Waal BV, Jiangsu China Empire Offshore Engineering Equipment Manufacture Co. Ltd., Kamome Propeller, Kemp Propulsion Systems, Kongsberg Gruppen, Nakashima Propeller Co. Ltd., Wuxi Delin Marine Equipment Co. Ltd., YMV Kreyn ve Makina Sistemleri are among the key players in the flap rudder market.
Asia-pacific is expected to be the leading flap rudder market during the forecast period.
Oil & gas carriers’ segment is expected to lead the flap rudder market in the coming five years.
The composite segment is expected to lead the flap rudder market during the next five years.
Growing demand for marine fishing vessels, tourism and other recreations along with sea vessels in the defense sector are the factors driving the growth of flap rudder market.
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