HOME Top Market Reports Marine Propellers Market by Number of Blades (3, 4, 5, Others), Propeller Type (Controllable Pitch, Fixed Pitch, Ducted), Application (Merchant, Naval, Others), Material & Geography - Global Forecasts to 2020

Marine Propellers Market by Number of Blades (3, 4, 5, Others), Propeller Type (Controllable Pitch, Fixed Pitch, Ducted), Application (Merchant, Naval, Others), Material & Geography - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: AS 3314

 

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The marine propeller market is estimated to be valued at USD 4.61 Billion in 2015 and is projected to reach USD 5.06 Billion by 2020, at a CAGR of 1.88% from 2015 to 2020. The report considers segments to define, describe, and forecast the marine propeller market by Propeller Type (Controllable Pitch, Fixed Pitch, Ducted), by Number of Blades (3, 4, 5, Others), by Ship Type (Merchant, Naval, Others), by Material (Nickel-Aluminium-Bronze, Stainless-steel, Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Years considered for this study are 2014 as the base year and the projection period is 2015 to 2020. The fuel saving hybrid propulsion systems are the current technological advancements in the marine propeller industry, which have huge potential to drive this market globally. This report provides qualitative and quantitative information about the global marine propeller market. It identifies the marine propeller market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries.

The research methodology used to estimate and forecast the market begins with capturing data on key marine propulsion systems and equipment revenues through secondary research. The marine propeller system offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global marine propeller market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primararies is depicted in the below figure:

Marine Propellers Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the marine propeller market comprises defense establishments, marine industry, shipbuilding industry, shipping industry, and marine propeller manufacturers, such as Rolls-Royce PLC (U.K.), Hyundai Heavy Industries (South Korea), and Wartsila (Finland), among others. This report would help marine propeller system suppliers, navy, governments and regulatory authorities to identify hot revenue pockets in this market.

Target Audience for this Report:

  • Marine Propeller Manufacturers
  • Original Equipment Manufacturers (OEMs)
  • Raw Material Providers
  • Component Suppliers
  • Defense Industry
  • Ship, Submarine, and Defense Vessels Manufacturers
  • Critical Infrastructure
  • Shipping Industry
  • Commercial Ship Manufacturers

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

This research report categorizes the marine propeller market into the following segments and subsegments:

Marine Propeller Market, By Propeller Type

  • Fixed Pitch Propeller
  • Controllable Pitch Propeller
  • Ducted Propeller

Marine Propeller Market, By Number of Blades

  • 3
  • 4
  • 5
  • Others

Marine Propeller Market, By Ship Type

  • Merchant
  • Naval
  • Others

Marine Propeller Market, By Geography

  • North America
    • U.S.
    • Canada
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Philippines
    • Vietnam
  • Europe
    • Russia
    • France
    • U.K.
    • Germany
    • Italy
    • Norway
    • Turkey
  • RoW
    • Brazil
    • Other

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

  • Geographic Analysis
    • Further breakdown of the Rest of the World market
  • Company Information
    • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Distribution Channel Participants
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Indicators
                    2.2.2.1 World Seaborne Trade
                    2.2.2.2 Shipbuilding
                    2.2.2.3 Increased Naval Fleet Size
           2.2.3 Supply-Side Indicators
                    2.2.3.1 Increased R&D Activities
                    2.2.3.2 Advancements in Efficient Materials
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 38)

4 Premium Insights (Page No. - 42)
    4.1 Attractive Market Opportunities in Marine Propeller Market
    4.2 Marine Propeller Market, By Propeller Type
    4.3 Market, By Ship Type
    4.4 Market, By Blades
    4.5 Merchant Fleet Marine Propeller Market, By Region
    4.6 Market, By Region
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Propeller Type
           5.2.2 By Ship Type
           5.2.3 By Material
           5.2.4 By Blades
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth in International Seaborne Trade
                    5.3.1.2 Growth in Shipbuilding Industry
                               5.3.1.2.1 Ship Demolition
                               5.3.1.2.2 Tonnage on Order
                    5.3.1.3 Growth in Maritime Tourism
           5.3.2 Restraints
                    5.3.2.1 Non-Uniformed Environmental Regulations Worldwide
                    5.3.2.2 Massive Investments Required for R&D Activities
                    5.3.2.3 Accidents Caused By Propellers
           5.3.3 Opportunities
                    5.3.3.1 Increased Navy Budgets Worldwide
                    5.3.3.2 Growth in Usage of Inland Waterways
                    5.3.3.3 Technological Innovations in Marine Propulsion Systems
           5.3.4 Challenges
                    5.3.4.1 Shipping Overcapacity
                    5.3.4.2 Low Freight Rates

6 Industry Trends (Page No. - 62)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Supply-Chain Analysis
    6.4 Industry Trends
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threats of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry

7 Marine Propeller Market, By Type (Page No. - 73)
    7.1 Introduction
    7.2 Fixed Pitch Propellers
    7.3 Controllable Pitch Propellers
    7.4 Ducted Propellers

8 Marine Propeller Market, By Blades (Page No. - 79)
    8.1 Introduction
    8.2 Three Blade Marine Propellers
    8.3 Four Blade Marine Propellers
    8.4 Five Blade Marine Propellers
    8.5 Others

9 Marine Propeller Market, By Material (Page No. - 86)
    9.1 Introduction
    9.2 Merchant and Naval Marine Propellers
    9.3 Other Ships

10 Marine Propeller Market, By Ship Type (Page No. - 90)
     10.1 Introduction
     10.2 Merchant Ships
     10.3 Naval Ships
     10.4 Other Ships

11 Regional Analysis (Page No. - 95)
     11.1 Introduction
     11.2 Asia-Pacific
             11.2.1 By Propeller Type
             11.2.2 By Ship Type
             11.2.3 By Country
                        11.2.3.1 China
                                     11.2.3.1.1 By Propeller Type
                                     11.2.3.1.2 By Ship Type
                        11.2.3.2 South Korea
                                     11.2.3.2.1 By Propeller Type
                                     11.2.3.2.2 By Ship Type
                        11.2.3.3 Japan
                                     11.2.3.3.1 By Propeller Type
                                     11.2.3.3.2 By Ship Type
                        11.2.3.4 Philippines
                                     11.2.3.4.1 By Propeller Type
                                     11.2.3.4.2 By Ship Type
                        11.2.3.5 India
                                     11.2.3.5.1 By Propeller Type
                                     11.2.3.5.2 By Ship Type
                        11.2.3.6 Vietnam
                                     11.2.3.6.1 By Propeller Type
                                     11.2.3.6.2 By Ship Type
     11.3 Europe
             11.3.1 By Propeller Type
             11.3.2 By Ship Type
             11.3.3 By Country
                        11.3.3.1 Germany
                                     11.3.3.1.1 By Propeller Type
                                     11.3.3.1.2 By Ship Type
                        11.3.3.2 Italy
                                     11.3.3.2.1 By Propeller Type
                                     11.3.3.2.2 By Ship Type
                        11.3.3.3 Norway
                                     11.3.3.3.1 By Propeller Type
                                     11.3.3.3.2 By Ship Type
                        11.3.3.4 Turkey
                                     11.3.3.4.1 By Propeller Type
                                     11.3.3.4.2 By Ship Type
                        11.3.3.5 France
                                     11.3.3.5.1 By Propeller Type
                                     11.3.3.5.2 By Ship Type
                        11.3.3.6 Russia
                                     11.3.3.6.1 By Propeller Type
                                     11.3.3.6.2 By Ship Type
                        11.3.3.7 U.K.
                                     11.3.3.7.1 By Propeller Type
                                     11.3.3.7.2 By Ship Type
     11.4 North America
             11.4.1 By Propeller Type
             11.4.2 By Ship Type
             11.4.3 By Country
                        11.4.3.1 U.S.
                                     11.4.3.1.1 By Propeller Type
                                     11.4.3.1.2 By Ship Type
                        11.4.3.2 Canada
                                     11.4.3.2.1 By Propeller Type
                                     11.4.3.2.2 By Ship Type
     11.5 Rest of the World
             11.5.1 By Propeller Type
             11.5.2 By Ship Type
             11.5.3 By Country
                        11.5.3.1 Brazil
                                     11.5.3.1.1 By Propeller Type
                                     11.5.3.1.2 By Ship Type
                        11.5.3.2 Others
                                     11.5.3.2.1 By Propeller Type
                                     11.5.3.2.2 By Ship Type

12 Competitive Landscape (Page No. - 131)
     12.1 Introduction
     12.2 Market Share Analysis of Marine Propeller Market
     12.3 Product Portfolio
     12.4 Competitive Situation and Trends
             12.4.1 Contracts
             12.4.2 New Product Launches
             12.4.3 Other Developments

13 Company Profiles (Page No. - 140)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Rolls-Royce Holdings PLC
     13.3 Wartsila OYJ ABP
     13.4 Hyundai Heavy Industries Co., Ltd
     13.5 Mitsubishi Heavy Industries Limited
     13.6 Caterpillar Inc.
     13.7 Man Se Corporation
     13.8 Schottel Group
     13.9 Mecklenburger Metallguss Gmbh.
     13.10 Veem Ltd.
     13.11 Schaffran Propeller
     13.12 Nakashima Propeller Co. Ltd.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 167)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (77 Tables)

Table 1 Dry Cargo Trade has Shown Increasing Trend, 2008-2014 (Million Metric Tons)
Table 2 China Received the Maximum Ship Building Orders Between 2011 and 2014
Table 3 Small Surface Combatant Ships Expected to Show Highest Growth Between 2014 & 2015
Table 4 Regional Analysis of Marine Propeller Market
Table 5 Technology and Relevant Regulations
Table 6 Bargaining Power of Buyers is Expected to Have High Influence on the Market
Table 7 Threat of New Entrants
Table 8 Threat of Substitutes
Table 9 Bargaining Power of Suppliers
Table 10 Bargaining Power of Buyers
Table 11 Intensity of Cometive Rivarly
Table 12 Global Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 13 Fixed Pitch Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 14 Controllable Pitch Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 15 Ducted Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 16 Global Market Size, By Blades, 2013-2020 (USD Million)
Table 17 Three Blade Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 18 Four Blade Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 19 Five Blade Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 20 Other (Two, Six and Seven Blade) Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 21 Merchant & Naval Marine Propeller, By Material, 2013-2020 (USD Million)
Table 22 Other Ships Material: Marine Propeller Market, By Material 2013-2020 (USD Million)
Table 23 Marine Propeller Market Size, By Ship Type, 2013-2020 (USD Million)
Table 24 Merchant Ships Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 25 Naval Ship Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 26 Other Ship Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 27 Marine Propeller Market Size, By Region, 2013-2020 (USD Million)
Table 28 Asia-Pacific: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 29 Asia-Pacific: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 30 Asia-Pacific: Market Size, By Country, 2013-2020 (USD Million)
Table 31 China: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 32 China: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 33 South Korea: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 34 South Korea: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 35 Japan: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 36 Japan: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 37 Philippines: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 38 Philippines: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 39 India: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 40 India: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 41 Vietnam: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 42 Vietnam: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 43 Europe: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 44 Europe: Market Size, By Ship Type,2013-2020 (USD Million)
Table 45 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 46 Germany: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 47 Germany: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 48 Italy: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 49 Italy: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 50 Norway: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 51 Norway: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 52 Turkey: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 53 Turkey: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 54 France: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 55 France: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 56 Russia: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 57 Russia: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 58 U.K.: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 59 U.K.: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 60 North America: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 61 North America: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 62 North America: Market Size, By Country, 2013-2020 (USD Million)
Table 63 U.S.: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 64 U.S.: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 65 Canada: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 66 Canada: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 67 Rest of the World: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 68 Rest of the World: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 69 Rest of the World: Market Size, By Country, 2013-2020 (USD Million)
Table 70 Brazil: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 71 Brazil: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 72 Others: Marine Propeller Market Size, By Propeller Type, 2013-2020 (USD Million)
Table 73 Others: Market Size, By Ship Type, 2013-2020 (USD Million)
Table 74 Product Portfolio: Key Market Players
Table 75 Contracts, 2013-2016
Table 76 New Product Launches, 2014-2016
Table 77 Other Developments, 2013-2016


List of Figures (86 Figures)

Figure 1 Markets Covered: Marine Propeller Market
Figure 2 Countries Covered: Marine Propeller Market
Figure 3 Report Flow
Figure 4 Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 6 World Seaborne Trade, 2008-2014
Figure 7 Seaborne Trade Increased in Developing Economies of Asia
Figure 8 Growth of Seaborne Trade is Moderate in Developing Economies of America
Figure 9 Growth of Seaborne Trade is Moderate in Developing Economies of Europe
Figure 10 New Orders for Shipbuilding, 2011 to 2014
Figure 11 Naval Fleet Size for the U.S. is on the Rise Between 2014-2015
Figure 12 Market Size Estimation Methodology: Bottom-Up Approach
Figure 13 Market Size Estimation Methodology: Top-Down Approach
Figure 14 Data Triangulation
Figure 15 Fixed Pitch Propeller Leads the Marine Propeller Market, 2015 vs 2020
Figure 16 Global Marine Propeller Market Snapshot (2015 vs 2020): 4 Blade Segment is Expected to Dominate the  Market
Figure 17 Asia-Pacific Region is Expected to Dominate the Global Market
Figure 18 Contracts and New Product Developments Were the Key Growth Strategies Between 2013 and 2016
Figure 19 Attractive Market Opportunities in Marine Propeller Market, 2015-2020
Figure 20 Fixed-Pitch Propeller is Expected to Dominate the Market
Figure 21 Merchant Fleet Propeller is the Most Lucarative Among Ship Type, 2015-2020
Figure 22 Four Blade Propeller Segment is Expected to Dominate the Market
Figure 23 Asia-Pacific Region is Expected to Hold the Largest Market Share in the Merchant Fleet Marine Propeller Market
Figure 24 Asia-Pacific Market to Be the Largest Among the Ship Type Segment, 2015-2020
Figure 25 Asia-Pacific Market is Expected to Grow at the Highest Rate
Figure 26 Market Segmentation: By Propeller Type
Figure 27 Market Segmentation: By Ship Type
Figure 28 Market Segmentation: By Material
Figure 29 Market Segmentation: By Blades
Figure 30 Growth in International Seaborne Trade is Expected to Drive the Marine Propellers Market in the Coming Years
Figure 31 Development of International Seaborne Trade (Millions of Tons Loaded), 1995-2014
Figure 32 Annual Growth of World Fleet New Orders, 2008-2014 (Units)
Figure 33 Annual Growth of World Fleet New Orders, 2008-2014 (Gross Tonnage)
Figure 34 Timeline of Maritime Environmental Regulations
Figure 35 Emission Control Areas (ECA)
Figure 36 Marpol Regulations to Control Sox & Particulate Matter Emissions
Figure 37 Average Annual Deaths and Injuries Caused By Propellers in the U.S.- 2012 to 2016
Figure 38 U.S. Department of Navy Budget: FY 2014-FY 2016
Figure 39 Carriage of Goods Through European Inland Waterways (2010-2013)
Figure 40 Global Container Freight Market and Rates (USD TEU)
Figure 41 Marine Propeller Market Value-Chain Analysis
Figure 42 Market Supply-Chain Analysis
Figure 43 Fuel Effiecient Propulsion Systems and Advanced Materials are the Leading Trends in the Marine Propeller Market
Figure 44 Porter’s Five Forces Analysis (2015)
Figure 45 Porter’s Five Forces Analysis - 2015
Figure 46 Threat of New Entrants
Figure 47 Threat of Substitutes
Figure 48 Bargaining Power of Suppliers
Figure 49 Bargaining Power of Buyers
Figure 50 Intensity of Competitive Rivarly
Figure 51 Controllable Pitch Propeller is Expected to Grow at the Highest Rate During the Forecast Period
Figure 52 Asia-Pacific Region is Expected to Dominate the Fixed Pitch Propeller Segment in the Marine Propeller Market
Figure 53 Asia-Pacific Region to Dominate the Controllable Pitch Propeller Segment in the Marine Propellers Market
Figure 54 Ducted Propeller Market Size, By Region, 2015 -2020
Figure 55 Five Blade Marine Propeller Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 56 Three Blade Marine Propeller Market, By Region, 2015-2020 (USD Million)
Figure 57 Asia-Pacific Region to Dominate the Four Blade Marine Propeller Market, 2015-2020
Figure 58 Asia-Pacific Region to Dominate the Marine Propeller Market for Five Blade Marine Propellers During the Forecast Period
Figure 59 Two, Six and Seven Blade Marine Propeller Market Size, By Region, 2015-2020
Figure 60 Nickel-Aluminium-Bronze is Expected to Be the Largest Used Material in Naval and Merchant Segment
Figure 61 Aluminium Propeller to Dominate Other Ships Propeller Market, 2015-2020
Figure 62 Naval Fleet Propeller Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 63 Asia-Pacific Region to Dominate the Merchant Ships Segment of Marine Propeller Market During the Forecast Period
Figure 64 Asia-Pacific is Expected to Grow at the Highest Rate in Naval Marine Propeller Segment During the Forecast Period
Figure 65 Asia-Pacific Region to Dominate the Marine Propeller Market for Other Types of Ship During the Forecast Period
Figure 66 Asia-Pacific is Projected to Grow at Highest Rate in Marine Propeller Market During the Forecast Period
Figure 67 Asia-Pacific Snapshot: China is Projected to Have the Highest Growth Potential During the Forecast Period
Figure 68 Europe Snapshot: Russia to Have the Highest Growth Potential During the Next Five Years
Figure 69 North America Snapshot: the U.S. has the Highest Growth Potential During the Next Five Years
Figure 70 Rest of the World Snapshot: Brazil has the Highest Growth Potential in the Region From 2015 to 2020
Figure 71 Companies Adopted Contracts & New Product Launches as Key Growth Strategies From 2013 to 2016
Figure 72 Marine Propeller Market Share Analysis, By Key Player, 2014
Figure 73 Market Witnessed Significant Growth From 2013 to 2016
Figure 74 Acquiring Contract Was the Major Growth Strategy in Marine Propeller Market: 2013-2016
Figure 75 Regional Revenue Mix of Top 5 Market Players
Figure 76 Rolls-Royce Holdings PLC: Company Snapshot
Figure 77 Rolls-Royce Holdings PLC: SWOT Analysis
Figure 78 Wartsila OYJ ABP: Company Snapshot
Figure 79 Wartsila OYJ ABP: SWOT Analysis
Figure 80 Hyundai Heavy Industries Co.,Ltd: Company Snapshot
Figure 81 Hyundai Heavy Industries Co., Ltd.: SWOT Analysis
Figure 82 Mitsubishi Heavy Industries Limited: Company Snapshot
Figure 83 Mitsubishi Heavy Industries Limited: SWOT Analysis
Figure 84 Caterpillar Inc.: Company Snapshot
Figure 85 Caterpillar Inc.: SWOT Analysis
Figure 86 Man Se Corporation: Company Snapshot

The marine propeller market is estimated to be USD 4.61 Billion in 2015 and is projected to reach USD 5.06 Billion by 2020 at a CAGR of 1.88%. The market is driven by the growth in global trade and shipbuilding industry in countries such as China, Japan and South Korea. There is also an increase in naval threats and disputes, especially in the APAC region, which has led to the rise in naval fleet size by countries such as U.S., India, and China. The increased R&D activities and advancement in materials used in marine propellers has led to durable efficient propulsion, which has driven the market for marine propellers. Also, maritime tourism is driving the market across the globe.

According to a study, the demand for fixed pitch propeller is growing at a rapid pace and Asia-Pacific region is dominating the marine propeller market. The main drivers for this demand is the increase in the number of large cargo ships and bulk carriers. The demand for five blade marine propellers is growing at a rapid pace while four blade marine propellers segment is dominating the market with the highest market share. Nickel-aluminium-bronze is majorly used in marine propellers, which is also called the premium material among the marine propellers. The main characteristics of this material is its durability, corrosion resistance, ability to work in harsh conditions and low maintenance.

The Asia-Pacific region is the largest market in the marine propeller market. It is also the fastest growing market. The main reasons for growth of the market in this region are the increased production of bulk carriers, for import of dry goods for developing countries such as China and India. The demand for naval ships is also increasing because countries like China and India are spending substantial part of their GDP on military.

Marine Propellers Market

The report provides restraints that hamper the growth of the market, which includes non-uniform maritime environmental policies worldwide and massive investment required in R&D. There are numerous environmental regulation, policies and subsidy schemes that are being practiced worldwide. These regulations vary from country to country based on the intensity of emission reduction of harmful gases such as SOx, NOx and CO2.

The Hyundai Heavy Industries Co. Ltd, a dominant market player, focuses on investing in production of propulsion systems and marine propellers, specifically designed for drill-ships, LNG carriers, LNG FRSUs, FLINGs, and LPG carriers. The company aims at developing energy efficient and eco-friendly propulsion systems. However, Hyundai Heavy Industries Co., Ltd. lacks strategizing and acquiring of significant supply contracts and agreements in engine and machinery segment, which is evident in their financial results for 2014, and is one of the major reasons for the declining revenue for this segment.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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