Market Overview:
The global boat reduction gearboxes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for boats across the globe, coupled with the rising popularity of leisure boating and fishing activities. In terms of type, the market is segmented into operating speeds more than 4500 RPM and operating speeds less than 4500 RPM. The former segment is expected to account for a larger share of the global boat reduction gearboxes market in 2018, owing to its higher efficiency and performance as compared to the latter segment. By application, fishing boats are expected to account for a larger share of the global boat reduction gearboxes market in 2018, followed by tour boats. North America is estimated to be one of key markets for boat reduction gearboxes in 2018; it accounted for around one-third share of total revenue generated by this market in 2017.
Product Definition:
Boat reduction gearboxes are important because they reduce the engine's revolutions per minute (RPM) to a more manageable level for the propeller. This allows for greater control and efficiency when travelling through water.
Operating Speeds More Than 4500RPM:
Operating speeds more than 4500 RPM are used in boat reduction gearboxes to increase the torque output. The operating speed is directly proportional to the torque that can be generated by a particular engine. Increasing demand for high-speed engines in marine applications has led to an increased focus on developing efficient and reliable high-speed engines, which is expected to drive the OSRMG market over the forecast period.
Operating Speeds Less Than 4500RPM:
The operating speeds less than 4500 RPM are used in boat reduction gearboxes to increase the efficiency of the engine. The high speed reduces the momentum or speed of a rotating part and thus increases fuel consumption. Operating speeds between 1200-4200 RPM is considered as low range while operating ranges between 4500-5500 RPM is known as high range.
Application Insights:
Fishing boats accounted for the largest share in 2017 and are expected to continue leading over the forecast period. These boats reduce gearbox size, weight and cost, while increasing power-to-weight ratio. The demand for these boxes is anticipated to be driven by rising recreational fishing activities across the globe.
The demand from commercial fishing vessels is also projected to witness significant growth on account of growing awareness regarding reduction gears among fishermen about their benefits coupled with improved operational efficiency of vessel engines as compared to traditional propellers.
In addition, these boxes are used in a variety of applications including patrol boats, leisure craft (such as jet skis), tugs/ towboats etc., owing to their ability to provide high torque at low speeds which makes them ideal for pulling ropes or cables at slow speeds without having excessive speed capability resulting in lower fuel consumption and reduced emissions when compared with diesel engines operating at similar speeds.
Regional Analysis:
Asia Pacific dominated the global boat reduction gearboxes market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for recreational and fishing boats. Increasing disposable income of consumers, coupled with growing popularity of water sports activities in developing countries including China, India, Thailand and others is anticipated to fuel the regional product demand.
Europe accounted for a major share in terms of revenue as well as volume in 2017 owing to high preference for luxury yachts by prominent personalities such as Oprah Winfrey and Richard Branson among others. Moreover, presence of several manufacturers focusing on development of innovative products will drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for boats and marine vessels from the tourism sector is expected to drive the growth of boat reduction gearboxes market.
- Growing popularity of leisure boating is also anticipated to boost the demand for boat reduction gearboxes in near future.
- Rising disposable income of consumers coupled with technological advancements in boat reduction gearboxes is likely to propel the market growth over the forecast period.
- Increasing number of fishing tournaments and races are also projected to fuel the demand for boat reduction gearboxes in coming years.
- Growing awareness about environment-friendly propulsion systems is likely to create new opportunities for boat reduction gearbox manufacturers in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Boat Reduction Gearboxes Market Research Report
By Type
Operating Speeds More Than 4500RPM, Operating Speeds Less Than 4500RPM
By Application
Fishing Boats, Tour Boats
By Companies
Kongsberg Maritime, PRM Newage, Sole Diesel, Masson-Marine, REINTJES, Wartsila, Baysan, Rexnord, Meproduction
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Boat Reduction Gearboxes Market Report Segments:
The global Boat Reduction Gearboxes market is segmented on the basis of:
Types
Operating Speeds More Than 4500RPM, Operating Speeds Less Than 4500RPM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fishing Boats, Tour Boats
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kongsberg Maritime
- PRM Newage
- Sole Diesel
- Masson-Marine
- REINTJES
- Wartsila
- Baysan
- Rexnord
- Meproduction
Highlights of The Boat Reduction Gearboxes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Operating Speeds More Than 4500RPM
- Operating Speeds Less Than 4500RPM
- By Application:
- Fishing Boats
- Tour Boats
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boat Reduction Gearboxes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Boat reduction gearboxes are used on boats to reduce the power needed to move the boat. This is done by using a smaller gearbox that can be attached to the engine, which in turn reduces the amount of power needed from the engine.
Some of the major companies in the boat reduction gearboxes market are Kongsberg Maritime, PRM Newage, Sole Diesel, Masson-Marine, REINTJES, Wartsila, Baysan, Rexnord, Meproduction.
The boat reduction gearboxes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Reduction Gearboxes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boat Reduction Gearboxes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Reduction Gearboxes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boat Reduction Gearboxes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boat Reduction Gearboxes Market Size & Forecast, 2020-2028
4.5.1 Boat Reduction Gearboxes Market Size and Y-o-Y Growth
4.5.2 Boat Reduction Gearboxes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Operating Speeds More Than 4500RPM
5.2.2 Operating Speeds Less Than 4500RPM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fishing Boats
6.2.2 Tour Boats
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Reduction Gearboxes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boat Reduction Gearboxes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Operating Speeds More Than 4500RPM
9.6.2 Operating Speeds Less Than 4500RPM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fishing Boats
9.10.2 Tour Boats
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Operating Speeds More Than 4500RPM
10.6.2 Operating Speeds Less Than 4500RPM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fishing Boats
10.10.2 Tour Boats
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Operating Speeds More Than 4500RPM
11.6.2 Operating Speeds Less Than 4500RPM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fishing Boats
11.10.2 Tour Boats
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Operating Speeds More Than 4500RPM
12.6.2 Operating Speeds Less Than 4500RPM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fishing Boats
12.10.2 Tour Boats
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Operating Speeds More Than 4500RPM
13.6.2 Operating Speeds Less Than 4500RPM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fishing Boats
13.10.2 Tour Boats
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boat Reduction Gearboxes Market: Competitive Dashboard
14.2 Global Boat Reduction Gearboxes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kongsberg Maritime
14.3.2 PRM Newage
14.3.3 Sole Diesel
14.3.4 Masson-Marine
14.3.5 REINTJES
14.3.6 Wartsila
14.3.7 Baysan
14.3.8 Rexnord
14.3.9 Meproduction
