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    Marine Propeller Market | Covid-19 Impact Analysis

    Marine Propeller Market | Covid-19 Impact Analysis

    Marine Propeller Market | Covid-19 Impact Analysis
    Report code - SRCG126 Delivery - 2 Weeks
    Marine Propeller Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Marine Propeller Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Marine Propeller Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Marine Propeller Market Insights

    Marine Propeller Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Increased demand for marine propellers from the new shipbuilding & repair market, growth in international seaborne trade and maritime tourism are the major factors expected to bolster the global marine propeller market.

    Marine Propeller Market - Snapshot

    Growth

    4.2% for the next five years

    Major Application Type

    Merchant ships

    Major Number of Blades Type

    5-blade

    Dominant End-User Type

    OEM

    Dominant Propulsion Type

    Sterndrive

    Region with the highest demand

    Europe

    Key Players

    Brunswick, Caterpillar, Kawasaki Heavy Industries, Man SE, Nakashima Propeller, Rolls-Royce, Schottel, Volvo, and Wartsila.

     

    Market Share Analysis

    Marine-Propeller-Market-Dominant-Segments

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    Marine Propeller Market Share: By Application Type

    Based on the application type, the market is segmented as merchant ships, naval ships, recreational boats, and others. The merchant ships segment is expected to witness the highest growth during the forecast period. The growth of the segment can be attributed to the growing demand for imported goods. The International Chamber of Shipping (ICS) estimates, more than 50,000 merchant ships are engaged in transporting cargos internationally. In addition, as per the United Nations Conference on Trade and Development (UNCTAD), the Greek merchant fleet is considered to be the largest, globally encompassing 4,017 ships; it accounts for over 16% share of the world’s total tonnage.  

    Marine Propeller Market Share: By Number of Blades Type

    Based on the number of blades type, the market is segmented as 3-blade, 4-blade, 5-blade, and others. The 5-blade segment is likely to register the highest growth during the forecast period, owing to the fact that 5-blade propellers offer improved propulsion efficiency and deliver lesser vibration as compared to 4-blade propellers.  

    Marine Propeller Market Share: By End-User Type

    Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM segment is estimated to depict a higher growth in the coming five years. The market is driven by increased expenditure on shipbuilding activities by different regions globally. Further, OEMs offer line-fit and retrofit options, thereby saving the frivolous wastage of time, otherwise consumed in the installation of marine components post their delivery.   

    Marine Propeller Market Share: By Propulsion Type

    Based on the propulsion type, the market is segmented as inboard, outboard, sterndrive, and others. The sterndrive segment is estimated to portray the highest growth during the forecast period. The growth of the segment is owing to the growing demand for ships equipped with sterndrive propulsion systems. These systems incorporate an outboard unit that is attached to the inboard gas or diesel engine located at the rear of the boat.  

    Marine Propeller Market Share: By Region

    In terms of regions, the marine propeller market in Europe is estimated to witness the highest growth during the forecast period. The market is driven by the European shipbuilding industry, which is engaged in the construction of intricate naval vessels, such as ferries, cruise ships, mega yachts, dredgers (offshore vessels), and submarines. Further, the European marine equipment industry offers a plethora of products that comprise diesel engines, propulsion systems, cargo handling systems, environmental safety systems, and related electronics. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Marine-Propeller-Market-By-Region

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    Marine Propeller Market: Key Players

    Some of the major players in the marine propeller market are-

    • Brunswick
    • Caterpillar
    • Kawasaki Heavy Industries
    • Man SE
    • Nakashima Propeller
    • Rolls-Royce
    • Schottel
    • Volvo
    • Wartsila

     

    Market Scope & segmentation

    Marine Propeller is the fan-like structure of a ship that is used for the purpose of propulsion with the engine energy. There can be one or more than one propeller in a ship depending upon the type.

    Marine Propeller is made up of nickel-aluminum bronze, bronze, stainless steel, aluminum, and others. Merchant ships, naval ships, recreational boats, and others are the application areas where the marine propeller is used.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Marine Propeller Market Report - Features

    Market Segmentation

    7

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    9

          

    The marine propeller market is segmented into the following categories. 

    Marine Propeller Market Size, Share & Forecast, by Type:

    • Propellers
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Fixed Pitch Propeller (FPP) and Controllable Pitch Propeller (CPP))
    • Thrusters
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Type Analysis: Azimuth and Tunnel)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by Material Type:

    • Nickel-Aluminium Bronze (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bronze (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aluminium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by Application Type:

    • Merchant Ships (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Naval Ships (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Recreational Boats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by Number of Blades Type:

    • 3-Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 4-Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 5-Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by End-User Type:

    • OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by Propulsion Type:

    • Inboard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Outboard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sterndrive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Marine Propeller Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    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 conduct 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.

     

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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 [email protected]


    General Frequently Asked Questions (FAQs)

    What is Marine Propeller?

    Marine Propeller is the fan-like structure of a ship that is used for the purpose of propulsion with the engine energy. There can be one or more than one propeller in a ship depending upon the type. Marine Propeller is made up of nickel-aluminum bronze, bronze, stainless steel, aluminum, and others. Merchant ships, naval ships, recreational boats, and others are the application areas where the marine propeller is used.

    What will be the CAGR of the Marine Propeller Market?

    Marine Propeller Market is likely to witness an impressive CAGR of 4.2% during the forecast period.

    Which country/region is expected to remain the largest Marine Propeller Market?

    In terms of regions, the marine propeller market in Europe is estimated to witness the highest growth during the forecast period.

    Who are the key players in the Marine Propeller Market?

    Some of the major players in the marine propeller market are Brunswick, Caterpillar, Kawasaki Heavy Industries, Man SE, Nakashima Propeller, Rolls-Royce, Schottel, Volvo, and Wartsila.

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