HOME Top Market Reports Marine Propeller Market by Type (Propellers, Thrusters), Application (Merchant Ships, Naval Ships, Boats), Material (Stainless Steel, Aluminium, Bronze, Nickel-Aluminium Bronze), End User, Propulsion, Number of Blades, Region - Global Forecast to 2022

Marine Propeller Market by Type (Propellers, Thrusters), Application (Merchant Ships, Naval Ships, Boats), Material (Stainless Steel, Aluminium, Bronze, Nickel-Aluminium Bronze), End User, Propulsion, Number of Blades, Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: AS 3314

 

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The marine propeller market is estimated to be USD 4.73 Billion in 2017 and is projected to reach USD 5.37 Billion by 2022, at a CAGR of 2.56% from 2017 to 2022. The objective of this study is to analyze, define, describe, and forecast the marine propeller market based on type, application, material, end user, propulsion, number of blades, and region. The report also focuses on providing a competitive landscape of this market by profiling companies based on their financial positions, product portfolios, and growth strategies as well as analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. This report tracks and analyzes competitive developments such as contracts, new product launches/developments, and research & development (R&D) activities in the marine propeller market. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022.

The research methodology used to estimate and forecast the size of the marine propeller market began with capturing data on key vendor revenues. Secondary sources referred for this study included annual reports, Yahoo Finance, European Aviation Safety Agency, United Nations Conference on Trade and Development (UNCTAD), and press releases. The bottom-up procedure was employed to arrive at the overall size of the marine propeller market by determining the revenue of key market players. After arriving at the overall market size, the marine propeller market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and engineers. The 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. Breakdown of profiles of primaries is shown in the figure depicted below:

Marine Propellers Market

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

Market Ecosystem

The marine propeller market has been segmented on the basis of type, application, material, number of blades, end user, propulsion, and region. Rolls-Royce (UK), Wartsila (Finland), Hyundai Heavy Industries (South Korea), MAN SE (Germany), and Caterpillar (US) are key manufacturers of marine propellers. Contracts, new product launches/developments, agreements, and acquisitions are major strategies adopted by key players in the marine propeller market.

Target Audience for this Report

  • Manufacturers of Marine Propellers
  • Component Manufacturers of Marine Propellers
  • Government and Certification Bodies

“This study answers several questions for stakeholders, primarily, which market segments to focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

Marine Propeller Market, By Type

  • Propellers
  • Thrusters
  • Others

Marine Propeller Market, By Application

  • Merchant Ships
  • Naval Ships
  • Recreational Boats
  • Others

Marine Propeller Market, By Number of Blades

  • 3-blade
  • 4-blade
  • 5-blade
  • Others

Marine Propeller Market, By End User

  • OEM
  • Aftermarket

Marine Propeller Market, By Propulsion

  • Inboard
  • Outboard
  • Sterndrive
  • Others

Marine Propeller Market, By Material

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

Marine Propeller Market, By Region

  • North America
  • Europe
  • Asia
  • Rest of the World

Available Customizations

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

  • Geographic Analysis
    • Further breakdown of the marine propeller market in the Middle East and Rest of the World (RoW)
  • Company Information
    • Detailed analysis and profiling of additional market players (up to five)
  • Additional Level Segmentation

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Marine Propeller Market
    4.2 Marine Propeller Market, By Type
    4.3 Asia Marine Propeller Market, By Application and Country
    4.4 Marine Propeller Market, By Propulsion
    4.5 Marine Propeller Market, By End User

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in International Seaborne Trade
                    5.2.1.2 Increased Demand for Marine Propellers From the New Shipbuilding & Repair Market
                    5.2.1.3 Growth in Maritime Tourism
           5.2.2 Restraints
                    5.2.2.1 Stringent Environmental Regulations Worldwide
                    5.2.2.2 Accidents Caused By Propellers
           5.2.3 Opportunities
                    5.2.3.1 Increased Navy Budgets Worldwide
                    5.2.3.2 Technological Innovations in Marine Propulsion Systems
           5.2.4 Challenges
                    5.2.4.1 Fluctuation in Oil & Gas Prices
                    5.2.4.2 Shipping Overcapacity
                    5.2.4.3 Low Freight Rates

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Ecosystem of the Marine Propeller Market
    6.3 Technological Trends
           6.3.1 Fuel Efficient Propulsion Systems
           6.3.2 Advanced Materials
           6.3.3 Rim Thrusters
           6.3.4 Anti-Fouling Coatings
    6.4 Strategic Benchmarking
    6.5 Innovations & Patent Registrations
    6.6 Regulatory Bodies Across Various Regions

7 Marine Propeller Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Propellers
           7.2.1 Fixed Pitch Propeller (FPP)
           7.2.2 Controllable Pitch Propeller (CPP)
    7.3 Thrusters
           7.3.1 Azimuth
           7.3.2 Tunnel
    7.4 Others

8 Marine Propeller Market, By Material (Page No. - 57)
    8.1 Introduction
    8.2 Nickel-Aluminium Bronze
    8.3 Bronze
    8.4 Stainless Steel
    8.5 Aluminium
    8.6 Others

9 Marine Propeller Market, By Application (Page No. - 62)
    9.1 Introduction
    9.2 Merchant Ships
           9.2.1 Merchant Ships Segment, By Type
           9.2.2 Merchant Ships Segment, By Propellers
           9.2.3 Merchant Ships Segment, By Material
    9.3 Naval Ships
           9.3.1 Naval Ships Segment, By Type
           9.3.2 Naval Ships Segment, By Propellers
           9.3.3 Naval Ships Segment, By Material
    9.4 Recreational Boats
           9.4.1 Recreational Boats Segment, By Type
           9.4.2 Recreational Boats Segment, By Propellers
           9.4.3 Recreational Boats Segment, By Material
    9.5 Others
           9.5.1 Other Applications Segment, By Type
           9.5.2 Other Applications Segment, By Propellers
           9.5.3 Other Applications Segment, By Material

10 Marine Propeller Market, By Number of Blades (Page No. - 72)
     10.1 Introduction
     10.2 3-Blade
             10.2.1 3-Blade Marine Propeller Market, By Application
     10.3 4-Blade
             10.3.1 4-Blade Marine Propeller Market, By Application
     10.4 5-Blade
             10.4.1 5-Blade Marine Propeller Market, By Application
     10.5 Others
             10.5.1 Other Blades Marine Propeller Market, By Application

11 Marine Propeller Market, By End User (Page No. - 78)
     11.1 Introduction
     11.2 Original Equipment Manufacturer (OEM)
     11.3 Aftermarket

12 Marine Propeller Market, By Propulsion (Page No. - 82)
     12.1 Introduction
     12.2 Inboard
     12.3 Outboard
     12.4 Sterndrive
     12.5 Others

13 Regional Analysis (Page No. - 87)
     13.1 Introduction
     13.2 Asia
             13.2.1 China
             13.2.2 South Korea
             13.2.3 Japan
             13.2.4 Philippines
             13.2.5 Vietnam
             13.2.6 India
     13.3 North America
             13.3.1 Us
             13.3.2 Canada
     13.4 Europe
             13.4.1 Germany
             13.4.2 France
             13.4.3 Turkey
             13.4.4 Italy
             13.4.5 Norway
             13.4.6 Russia
             13.4.7 Uk
     13.5 Rest of the World
             13.5.1 Brazil
             13.5.2 Others

14 Competitive Landscape (Page No. - 131)
     14.1 Introduction
     14.2 Rank Analysis of Key Players in the Marine Propeller Market
     14.3 Competitive Situation and Trends
             14.3.1 Contracts
             14.3.2 New Product Launches
             14.3.3 Agreements, Expansions, Acquisitions, and Investments

15 Company Profiles (Page No. - 140)
(Overview, Products and Services, Financials, Strategy & Development)*
     15.1 Introduction
     15.2 Financial Highlights
     15.3 Rolls-Royce
     15.4 Wartsila
     15.5 Hyundai Heavy Industries
     15.6 Man SE
     15.7 Caterpillar
     15.8 Kawasaki Heavy Industries
     15.9 Brunswick
     15.10 Volvo
     15.11 Nakashima Propeller
     15.12 Schottel

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

16 Appendix (Page No. - 167)
     16.1 Discussion Guide
     16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.3 Introducing RT: Real Time Market Intelligence
     16.4 Available Customizations
     16.5 Related Reports
     16.6 Author Details


List of Tables (140 Tables)

Table 1 Recent Ship Repair Contracts
Table 2 Innovations & Patent Registrations, 2012-2017
Table 3 Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 4 Propellers Segment, By Subtype, 2015–2022 (USD Million)
Table 5 Fixed Pitch Propeller (FPP) Subsegment, By Region, 2015–2022 (USD Million)
Table 6 Controllable Pitch Propeller (CPP) Subsegment, By Region, 2015–2022 (USD Million)
Table 7 Thrusters Segment, By Subtype, 2015–2022 (USD Million)
Table 8 Azimuth Subsegment, By Region, 2015–2022 (USD Million)
Table 9 Tunnel Subsegment, By Region, 2015–2022 (USD Million)
Table 10 Others Segment, By Region, 2015–2022 (USD Million)
Table 11 Marine Propeller Market Size, By Material, 2015-2022 (USD Million)
Table 12 Nickel-Aluminium Bronze Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 13 Bronze Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 14 Stainless Steel Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 15 Aluminium Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 16 Others Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 17 Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 18 Merchant Ships Segment, By Region, 2015–2022 (USD Million)
Table 19 Merchant Ships Segment, By Type, 2015-2022 (USD Million)
Table 20 Merchant Ships Segment, By Propellers, 2015-2022 (USD Million)
Table 21 Merchant Ships Segment, By Material, 2015-2022 (USD Million)
Table 22 Naval Ships Segment, By Region, 2015–2022 (USD Million)
Table 23 Naval Ships Segment, By Type, 2015-2022 (USD Million)
Table 24 Naval Ships Segment, By Propellers, 2015-2022 (USD Million)
Table 25 Naval Ships Segment, By Material, 2015-2022 (USD Million)
Table 26 Recreational Boats Segment, By Region, 2015–2022 (USD Million)
Table 27 Recreational Boats Segment, By Type, 2015-2022 (USD Million)
Table 28 Recreational Boats Segment, By Propellers, 2015-2022 (USD Million)
Table 29 Recreational Boats Segment, By Material, 2015-2022 (USD Million)
Table 30 Others Segment, By Region, 2015–2022 (USD Million)
Table 31 Other Applications Segment, By Type, 2015-2022 (USD Million)
Table 32 Other Applications Segment, By Propellers, 2015-2022 (USD Million)
Table 33 Other Applications Segment, By Material, 2015-2022 (USD Million)
Table 34 Marine Propeller Market Size, By Number of Blades, 2015-2022 (USD Million)
Table 35 3-Blade Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 36 3-Blade Marine Propeller Market, By Application, 2015–2022 (USD Million)
Table 37 4-Blade Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 38 4-Blade Marine Propeller Market, By Application, 2015–2022 (USD Million)
Table 39 5-Blade Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 40 5-Blade Marine Propeller Market, By Application, 2015–2022 (USD Million)
Table 41 Other Blades Marine Propeller Market, By Region, 2015–2022 (USD Million)
Table 42 Other Blades Marine Propeller Market, By Application, 2015–2022 (USD Million)
Table 43 Marine Propeller Market Size, By End User, 2015-2022 (USD Million)
Table 44 OEM Segment, By Region, 2015-2022 (USD Million)
Table 45 Aftermarket Segment, By Region, 2015-2022 (USD Million)
Table 46 Aftermarket Segment, By Offering, 2015-2022 (USD Million)
Table 47 Aftermarket Sales, By Type, 2015-2022 (USD Million)
Table 48 Marine Propeller Market Size, By Propulsion, 2015-2022 (USD Million)
Table 49 Inboard Segment, By Region, 2015–2022 (USD Million)
Table 50 Outboard Segment, By Region, 2015–2022 (USD Million)
Table 51 Sterndrive Segment, By Region, 2015–2022 (USD Million)
Table 52 Others Segment, By Region, 2015–2022 (USD Million)
Table 53 Marine Propeller Market Size, By Region, 2015-2022 (USD Million)
Table 54 Asia: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 55 Asia: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 56 Asia: Marine Propeller Market Size, By Thrusters, 2015-2022 (USD Million)
Table 57 Asia: Marine Propeller Market Size, By Material, 2015-2022 (USD Million)
Table 58 Asia: Marine Propeller Market Size, By Number of Blades, 2015-2022 (USD Million)
Table 59 Asia: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 60 Asia: Marine Propeller Market Size, By End User, 2015-2022 (USD Million)
Table 61 Asia: Marine Propeller Market Size, By Country, 2015-2022 (USD Million)
Table 62 China: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 63 China: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 64 China: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 65 South Korea: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 66 South Korea: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 67 South Korea: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 68 Japan: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 69 Japan: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 70 Japan: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 71 Philippines: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 72 Philippines: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 73 Philippines: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 74 Vietnam: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 75 Vietnam: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 76 Vietnam: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 77 India: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 78 India: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 79 India: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 80 North America: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 81 North America: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 82 North America: Marine Propeller Market Size, By Thrusters, 2015-2022 (USD Million)
Table 83 North America: Marine Propeller Market Size, By Material, 2015-2022 (USD Million)
Table 84 North America: Marine Propeller Market Size, By Number of Blades, 2015-2022 (USD Million)
Table 85 North America: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 86 North America: Marine Propeller Market Size, By End User, 2015-2022 (USD Million)
Table 87 North America: Marine Propeller Market Size, By Country, 2015-2022 (USD Million)
Table 88 US: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 89 US: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 90 US: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 91 Canada: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 92 Canada: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 93 Canada: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 94 Europe: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 95 Europe: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 96 Europe: Marine Propeller Market Size, By Thrusters, 2015-2022 (USD Million)
Table 97 Europe: Marine Propeller Market Size, By Material, 2015-2022 (USD Million)
Table 98 Europe: Marine Propeller Market Size, By Number of Blades, 2015-2022 (USD Million)
Table 99 Europe: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 100 Europe: Marine Propeller Market Size, By End User, 2015-2022 (USD Million)
Table 101 Europe: Marine Propeller Market Size, By Country, 2015-2022 (USD Million)
Table 102 Germany: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 103 Germany: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 104 Germany: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 105 France: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 106 France: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 107 France: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 108 Turkey: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 109 Turkey: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 110 Turkey: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 111 Italy: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 112 Italy: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 113 Italy: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 114 Norway: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 115 Norway: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 116 Norway: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 117 Russia: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 118 Russia: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 119 Russia: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 120 UK: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 121 UK: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 122 UK: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 123 Rest of the World: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 124 Rest of the World: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 125 Rest of the World: Marine Propeller Market Size, By Thrusters, 2015-2022 (USD Million)
Table 126 Rest of the World: Marine Propeller Market Size, By Material, 2015-2022 (USD Million)
Table 127 Rest of the World: Marine Propeller Market Size, By Number of Blades, 2015-2022 (USD Million)
Table 128 Rest of the World: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 129 Rest of the World: Marine Propeller Market Size, By End User, 2015-2022 (USD Million)
Table 130 Rest of the World: Marine Propeller Market Size, By Country, 2015-2022 (USD Million)
Table 131 Brazil: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 132 Brazil: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 133 Brazil: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 134 Others: Marine Propeller Market Size, By Type, 2015-2022 (USD Million)
Table 135 Others: Marine Propeller Market Size, By Propellers, 2015-2022 (USD Million)
Table 136 Others: Marine Propeller Market Size, By Application, 2015-2022 (USD Million)
Table 137 Brand Analysis: Marine Propeller Market
Table 138 Contracts (2011-2017)
Table 139 New Product Launches (2014-2017)
Table 140 Agreements, Expansions, Acquisitions, and Investments (2013-2017)


List of Figures (55 Figures)

Figure 1 Report Flow
Figure 2 Marine Propeller Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Based on Subtype, the Fixed Pitch Propeller Subsegment is Anticipated to Lead the Propeller Segment From 2017 to 2022
Figure 8 Based on Number of Blades, the 4-Blade Segment is Projected to Lead the Marine Propeller Market in 2017
Figure 9 Based on Material, the Nickel-Aluminium Bronze Segment is Anticipated to Lead the Marine Propeller Market From 2017 to 2022
Figure 10 Based on Application, the Merchant Ships Segment is Projected to Lead the Marine Propeller Market in 2017
Figure 11 The Asia Region is Anticipated to Lead the Marine Propeller Market From 2017 to 2022
Figure 12 Growth in International Seaborne Trade is Anticipated to Drive the Marine Propeller Market During the Forecast Period
Figure 13 The Propellers Segment is Anticipated to Lead the Marine Propeller Market During the Forecast Period
Figure 14 Based on Application, the Merchant Ships Segment is Estimated to Account for the Largest Share of the Asia Marine Propeller Market in 2017
Figure 15 The Inboard Propulsion Segment is Projected to Lead the Marine Propeller Market From 2017 to 2022
Figure 16 The OEM Segment is Projected to Lead the Marine Propeller Market From 2017 to 2022
Figure 17 Growth in International Seaborne Trade Expected to Drive the Marine Propeller Market
Figure 18 Global Seaborne Trade, 2008-2016 (Million Tons)
Figure 19 Merchant Ship Fleet Size, 2008-2016 (Units)
Figure 20 Global Ocean Cruise Passengers (Millions)
Figure 21 Emission Control Area (ECA)
Figure 22 Average Annual Deaths and Injuries Caused By Propellers in the US Between 2012 and 2016
Figure 23 Marine Propeller Market Ecosystem
Figure 24 Technological Trends in the Marine Propeller Market
Figure 25 Strategic Benchmarking: Caterpillar is the Key Player That has Adopted Organic and Inorganic Growth Strategies to Strengthen Its Position in the Marine Propeller Market
Figure 26 The Propellers Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 27 The Nickel-Aluminium Bronze Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 28 The Recreational Boats Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 29 The 5-Blade Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 30 The OEM Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 31 Sterndrive Segment of the Marine Propeller Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Asia is Estimated to Account for the Largest Share of the Marine Propeller Market in 2017
Figure 33 Asia Marine Propeller Market Snapshot
Figure 34 North America Marine Propeller Market Snapshot
Figure 35 Europe Marine Propeller Market Snapshot
Figure 36 Companies Adopted Contracts and New Product Launches as Key Growth Strategies From 2011 to 2017
Figure 37 Ranking of Key Players in the Marine Propeller Market in 2016
Figure 38 Key Developments Undertaken By Leading Market Players in the Marine Propeller Market (2013-2017)
Figure 39 Regional Presence of Leading Companies in the Marine Propeller Market
Figure 40 Contracts and New Product Launches Accounted for Major Shares of All Growth Strategies Adopted By Key Players Between November 2011 and October 2017
Figure 41 Regional Revenue Mix of Top 5 Market Players
Figure 42 Financial Highlights of Major Players in the Marine Propeller Market
Figure 43 Rolls-Royce: Company Snapshot
Figure 44 Rolls-Royce: SWOT Analysis
Figure 45 Wartsila: Company Snapshot
Figure 46 Wartsila: SWOT Analysis
Figure 47 Hyundai Heavy Industries: Company Snapshot
Figure 48 Hyundai Heavy Industries: SWOT Analysis
Figure 49 Man SE: Company Snapshot
Figure 50 Man SE: SWOT Analysis
Figure 51 Caterpillar: Company Snapshot
Figure 52 Caterpillar: SWOT Analysis
Figure 53 Kawasaki Heavy Industries: Company Snapshot
Figure 54 Brunswick: Company Snapshot
Figure 55 Volvo: Company Snapshot

The marine propeller market is estimated to be USD 4.73 Billion in 2017 and is projected to reach USD 5.37 Billion by 2022, at a CAGR of 2.56% from 2017 to 2022. This growth can be attributed to an increase in international seaborne trade, the rise in the demand for recreational boats, and growth in maritime tourism.

The report segments the marine propeller market based on type, application, and number of blades, propulsion, end user, material, and region. Based on application, the marine propeller market has been segmented into merchant ships, naval ships, recreational boats, and others. Based on end user, the market has been segmented into OEM and aftermarket. Based on propulsion, the marine propeller market has been categorized into inboard, outboard, sterndrive, and others. Based on number of blades, the market has been segmented into 3-blade, 4-blade, 5-blade, and others, whereas, based on type, the market has been segmented into propellers, thrusters, and others. Based on material, the marine propeller market has been segmented into stainless steel, aluminum, bronze, nickel-aluminum bronze, and others.

The merchant ships segment is the largest application segment of the marine propeller market. The growth of the merchant ships segment can be attributed to the increasing use of merchant ships for commercial transportation. The merchant ships segment has been further categorized into cargo ships and passenger ships. Increase in trading activities and growth in maritime tourism has led to the rising demand for cargo ships and passenger ships, worldwide, which, in turn, is driving the demand for marine propellers.

Based on region, the marine propeller market has been segmented into North America, Europe, Asia, and Rest of the World (RoW). The marine propeller market in Europe is projected to grow at the highest CAGR during the forecast period, owing to increasing investments in the defense sector and restructuring efforts undertaken by ship manufacturing companies in this region.

Among all regions, Asia is the largest market for marine propellers. Over the past few years, this region has witnessed rapid economic development as well as growth of the manufacturing and energy sectors, thereby resulting in an increase in maritime trade. The rise in seaborne trade has subsequently led to an increase in the demand for ships that are used to transport manufactured goods worldwide. Thus, increase in the number of ships has contributed to the growing demand for propulsion systems and propellers in this region. China, South Korea, and Japan are key markets for marine propellers in the Asia region.

Marine Propellers Market

The marine propeller market is anticipated to witness significant growth in the near future, primarily driven by growth in international seaborne trade and increased demand for marine propellers from the new shipbuilding & repair market. Increased navy budgets worldwide, rise in usage of inland waterways, and technological innovations in marine propulsion systems are key opportunities of the market. However, factors such as stringent environmental regulations and accident caused by propellers are restraining the growth of the market. Fluctuation in oil prices, shipping overcapacity, and low freight rates are key challenges of the market.

Leading players in the marine propeller market include Caterpillar (US), Hyundai Heavy Industries (South Korea), MAN SE (Germany), Rolls-Royce (UK), and Wartsila (Finland), among others. Contracts and agreements are key development strategies that collaboratively accounted for more than one-third share of all developments between 2013 and 2017.

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