Marine Propeller Market By Type (Controllable Pitch Propeller, Fixed Pitch Propeller), By Material (Bronze, Nickel-Aluminium Bronze, Stainless Steel, Aluminium), By End-User (Aftermarket, OEM), By Application (Recreational Boats, Merchant Ships, Naval Ships), By Propulsion (Outboard, Inboard, Sterndrive), Industry Trends, Estimation & Forecast, 2018-2025

September 2018

 Pages: 184

 ERC 4207


Marine Propeller Market is expected to grow with a CAGR of 2.4% during the forecast period of 2018 to 2025.

A marine propeller is a fan shaped structure which is used to propel the ship with the help of power generated by the main engine. The power generated by the main engine is converted to rotational motion that generate a thrust which pushes the ship in the forward direction. Marine propellers are made up of a variety of highly corrosion resistant materials, out of which the most common is the alloy of aluminum and stainless steel.

The continuous growth of shipbuilding and repairing market is the major factor which is fueling the demand for marine propellers. Moreover, increasing government initiatives regarding the development of marine industry is a major catalyst for the amplification of the market growth. For example, in 2017, the Indian government has revised the shipbuilding and repair policy with an aim to double the size of the industry to Rs. 20,000 crore by 2020. Growing inclination of people towards marine tourism and growing sea trade activities are positively impacting the demand for cruise ships, ultimately boosting the demand for marine propellers. However, the accidents caused due to the propeller failure, coupled with the implementation of stringent environmental regulations regarding marine flora and fauna are acting as the major challenges for the growth of the market. On the other hand, emerging technological innovations along with the increased navy budgets of countries such as India and China will provide lucrative opportunities for the market players in the near future.

Technological advancements and product launches are some of the key strategies which are being extensively adopted among the leading players in order to generate a strong foothold within the market. For instance, in March 2018, Suzuki, one of the leading market player, launched a new range of high performance propellers named “Watergrip”, at Japan international boat show. This new range of advanced propellers provide various features such as high steering stability and conversion efficiency of engine output to thrust.

The report provides detailed qualitative and quantitative analysis of the marine propeller market. Market size and forecast in terms of value and volume has been provided for the period - (2017 - 2025), for the segments namely type, material, end-user, application, number of blades and propulsion in each of the major regions.

Marine Propeller Market Player Analysis

The report presents detailed analysis of major players operating in marine propeller market. Few of them include Mitsubishi Heavy Industries, Ltd., Rolls-Royce plc, Wärtsilä, MAN Diesel & Turbo, Hyundai Heavy Industries Co., Ltd, Caterpillar Inc., Kawasaki Heavy Industries, Ltd., Schottel, Mecklenburger Metallguss GmbH, Veem Ltd., Schaffran Propeller + Service Gmbh, Nakashima Propeller Co., Ltd., Changzhou Chonghai Marine Propeller Co.,Ltd and Teignbridge Propellers International Limited. A detailed coverage on these market players with information on their revenue from marine propeller business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Marine propeller market is segmented on the basis of type, material, end-user, application, propulsion and geography. By type, the market is segmented into controllable pitch propeller, fixed pitch propeller and others. On the basis of material, the market is segmented as bronze, nickel-aluminum bronze, stainless steel, aluminum and others. On the basis of end-user, the market is classified as aftermarket and OEM. On the basis of application, the market is categorized as recreational boats, merchant ships and naval ships. On the basis of propulsion, the market is categorized as outboard, inboard, sterndrive and others. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Marine Propeller Market Segmentation

By Type
• Controllable Pitch Propeller
• Fixed Pitch Propeller
• Others

By Material
• Bronze
• Nickel-Aluminium Bronze
• Stainless Steel
• Aluminium
• Others

By End-User
• Aftermarket

By Application
• Recreational Boats
• Merchant Ships
• Naval Ships

By Propulsion
• Outboard
• Inboard
• Sterndrive
• Others

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o France
o Germany
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Korea
o Rest of APAC
• South America
o Brazil
o Rest of South America
• Rest of the World
o Middle East
o Africa

Marine Propeller Market Key Players

• Mitsubishi Heavy Industries, Ltd.
• Rolls-Royce Plc
• Wärtsilä
• Man Diesel & Turbo
• Hyundai Heavy Industries Co., Ltd
• Caterpillar Inc.
• Kawasaki Heavy Industries, Ltd.
• Schottel
• Mecklenburger Metallguss Gmbh
• Veem Ltd.
• Schaffran Propeller + Service Gmbh
• Nakashima Propeller Co., Ltd.
• Changzhou Chonghai Marine Propeller Co.,Ltd
• Teignbridge Propellers International Limited

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    What Information does this report contain?

    • What was the market size of the Marine Propeller Market in 2018 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2018 - 2025)?
    • Which are the leading companies in the Marine Propeller Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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