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Marine Propellers - Global Market Trajectory & Analytics

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    Report

  • 508 Pages
  • April 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030109

Global Marine Propellers Market to Reach US$6.5 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Marine Propellers estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$6.5 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027. Propellers, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thrusters segment is readjusted to a revised 3.9% CAGR for the next 7-year period. This segment currently accounts for a 25.6% share of the global Marine Propellers market.



The U.S. Accounts for Over 22.1% of Global Market Size in 2020, While China is Forecast to Grow at a 5.5% CAGR for the Period of 2020-2027


The Marine Propellers market in the U.S. is estimated at US$1 Billion in the year 2020. The country currently accounts for a 22.08% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.9 Billion in the year 2027 trailing a CAGR of 5.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$1.9 Billion by the year 2027.

Other Types Segment Corners a 20.6% Share in 2020


In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$722.2 Million in the year 2020 will reach a projected size of US$913.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.

Select Competitors (Total 127 Featured) -

  • Brunswick Corporation
  • Hyundai Heavy Industries
  • Kawasaki Heavy Industries Ltd.
  • MAN Energy Solutions SE
  • Mecklenburger Metallguss GmbH
  • Mercury Marine
  • Mitsubishi Heavy Industries Ltd.
  • MOTH
  • Nakashima Propeller Co. Ltd.
  • Rolls-Royce Holdings
  • Schaffran Propeller + Service GmbH
  • Schottel GmbH
  • Teignbridge Propellers International Limited
  • Veem Ltd.
  • AB Volvo
  • Wartsila

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Marine Propellers

What is the estimated value of the Global Market for Marine Propellers?

The Global Market for Marine Propellers was estimated to be valued at $4.7 Billion in 2020.

What is the growth rate of the Global Market for Marine Propellers?

The growth rate of the Global Market for Marine Propellers is 4.7%, with an estimated value of $6.5 Billion by 2027.

What is the forecasted size of the Global Market for Marine Propellers?

The Global Market for Marine Propellers is estimated to be worth $6.5 Billion by 2027.

Who are the key companies in the Global Market for Marine Propellers?

Key companies in the Global Market for Marine Propellers include Brunswick Corporation, Hyundai Heavy Industries, Kawasaki Heavy Industries Ltd., MAN Energy Solutions SE, Mecklenburger Metallguss GmbH, Mercury Marine, Mitsubishi Heavy Industries Ltd., MOTH and Rolls.

Table of Contents

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • EXHIBIT 1: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Global Marine Propellers Market under the COVID-19 Lens
  • How Tourism & Leisure Industry Is Impacted by the Pandemic & What’s the New Normal?
  • EXHIBIT 2: Global Tourism Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Sales of Recreational Boats, Watercrafts & Yachts Slump Impacting the Value Chain
  • Leisure Marine Industry amid COVID-19 Pandemic
  • EXHIBIT 3: Percentage of People Going to Boating Regularly in the US by Age Group: 2019
  • Competitive Scenario
  • EXHIBIT 4: Marine Propellers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 127 Players Worldwide in 2022 (E)
  • Global Market Prospects & Outlook
  • Post Pandemic Rebounding of the Shipbuilding Industry to Offer Strong Hope
  • Key Challenges Impacting Industry Growth
  • Analysis by Type
  • EXHIBIT 5: Global Marine Propellers Market by Type (2021 & 2027): Percentage Breakdown of Sales for Propellers, Thrusters, and Other Types
  • Analysis by Application
  • EXHIBIT 6: Global Marine Propellers Market by Application (2021 & 2027): Percentage Breakdown of Sales for Merchant Ships, Naval Ships, Recreational Boats, and Other Applications
  • Regional Analysis
  • EXHIBIT 7: World Marine Propellers Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • EXHIBIT 8: World Marine Propellers Market - Geographic Regions Ranked by CAGR (Value Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • China to Record Strong Growth in Controllable Pitch Marine Propellers Market
  • Introduction to Marine Propellers
  • Propeller Construction, Classification and Materials Used
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • The Propeller of The Future
  • Steady Growth in Seaborne Trade Volumes Drives Demand for Marine Propellers
  • EXHIBIT 9: World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2020
  • EXHIBIT 10: Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
  • Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
  • Shipbuilding Activity Trends Influence Dynamics of Marine Propellers Market
  • Dual-Fuel Combustion Engines Suitable for Deep Sea Fleet
  • Rising Commercial Maritime Activity: Opportunity Indicator for Marine Propellers for Merchant Ships
  • EXHIBIT 11: World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
  • Naval Ships, a Dominant Application Segment: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
  • EXHIBIT 12: Healthy Defense Spending to Amplify the Need for Naval Ship Propellers: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
  • Pandemic Affects the Military & Defense Sector
  • EXHIBIT 13: Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • EXHIBIT 14: Military Expenditure as a % of GDP in Select Countries
  • Rising Naval Ship Orders Bodes Well for the Naval Ship Propeller Market
  • Rise of Recreational Boating as a Hobby Spurs Opportunities for Growth in the Propellers Market
  • EXHIBIT 15: Global % Share Breakdown of Boat Fleets in Operation by Type for the Year 2020
  • EXHIBIT 16: World Cruise Passengers (in Millions) for the Years 2010, 2015, 2019, 2020 and 2021E
  • Easing of Restrictions Witness a Quick Recovery of Recreational Boating Bringing Hope & Cheer for the Propeller Industry
  • EXHIBIT 17: Increased Indulgence in Boating Pleasure Opens New Growth Avenues for Boat Manufacturing, Parts/Components: Global Spending on Leisure Boats (In US$ Million) for Years 2020, 2023 & 2026
  • Expected Growth in Demand for Superyachts Post Pandemic to Benefit Boat Manufacturing Activities
  • EXHIBIT 18: Expected Gains in Yacht Building to Benefit OE Suppliers of Propeller Systems: Global Number of Superyachts 100 FT or Larger (In Units) for Years 2017, 2019, 2022 & 2024
  • High Net Worth Individuals: A Key Customer Class
  • EXHIBIT 19: Breakdown of Ownership of Yachts by Length: 2019
  • EXHIBIT 20: Geographic Localization of Ultra High Net Worth Individuals: 2019
  • Robust International Trade in Fisheries to Push Demand for Fishing Boats
  • EXHIBIT 21: Rising Seafood Consumption Brings a String of Opportunities for Commercial Open Catch Fishing Equipment Including Boats: Global Per Capita Fish Consumption (in Kg Per Person) by Region for 2020 & 2027
  • Focus on Modernizing Aging Fishing Boats & Expanding Fishing Fleets to Benefit All in the Boat Manufacturing Value Chain including Propellers
  • EXHIBIT 22: Aging Fishing Boats Trigger Replacement Demand, Bringing in the Promise of Higher New Manufacturing Orders: Average Age of Fishing Boats & Vessels Worldwide (In Years) As of the Year 2020
  • Select Boat Propellers Ruling the Roost in the Market

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Marine Propellers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics

CANADA

JAPAN

  • Marine Propellers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Analytics

CHINA

  • Marine Propellers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Analytics

EUROPE

  • Marine Propellers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Marine Propellers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Analytics

AUSTRALIA


INDIA


SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 127

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Brunswick Corporation
  • Hyundai Heavy Industries
  • Kawasaki Heavy Industries Ltd.
  • MAN Energy Solutions SE
  • Mecklenburger Metallguss GmbH
  • Mercury Marine
  • Mitsubishi Heavy Industries Ltd.
  • MOTH
  • Nakashima Propeller Co. Ltd.
  • Rolls-Royce Holdings
  • Schaffran Propeller + Service GmbH
  • Schottel GmbH
  • Teignbridge Propellers International Limited
  • Veem Ltd.
  • AB Volvo
  • Wartsila