Market Overview:
The global marine propeller plug market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for merchant ships, naval ships, and recreational boats across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. Based on type, propellers accounted for a major share of the global marine propeller plug market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high efficiency and low noise levels as compared with other types of marine propulsion systems such as thrusters and others.
Product Definition:
A marine propeller plug is a device that is inserted into the aperture of a marine propeller to prevent water from entering the shaft and/or stuffing box. The importance of a marine propeller plug is twofold: (1) it prevents water from entering the shaft and/or stuffing box, which can cause damage to the boat or its propulsion system; and (2) it helps to maintain proper lubrication of the bearings in the prop shaft by keeping out contaminants such as saltwater.
Propellers:
Propellers are rotating mechanical devices that are used in marine propeller plug market for converting the circular motion of ship’s wheels to oscillating motion of watercraft.
Rods: These are cast iron or steel and have blades attached at both ends. The blade tips move air by generating a centrifugal force, which causes the spinning device to cavitate (generate bubbles).
Thrusters:
Thrusters are propellers with fastened blades that create a backward and forward movement in water. They are mainly used to propel ships or boats through water by generating forward momentum. The main function of thrusting is to provide directional control so that the boat can be moved into desired position whether it’s going up or down, right or left, etc.
The marine propeller plug market is driven by factors such as increasing demand for marine transportation services.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for recreational boats, particularly in countries such as U.S., Germany, China and Australia among others where water sports are popular activities.
The naval ships application segment is expected to witness significant growth over the forecast period owing to rising defense expenditure by countries including Japan, South Korea, Taiwan among others which are developing their maritime capabilities focusing on anti-submarine warfare (ASW). ASW involves deploying advanced systems such as towed sonar array along with helicopters that scan frequencies used by submarines for communication and navigation purposes thereby making it difficult for them to hide from detection range thus driving propeller plug market demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global marine propeller plug market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing maritime trade activities across emerging economies, such as China and India. Furthermore, rising disposable income of consumers coupled with recreational boating activities are estimated to spur regional product demand in near future.
Europe accounted for a significant share of revenue in 2017 owing to growing shipbuilding & repair industry across countries such as Germany, France and Russia among others. Increasing military expenditure by NATO governments is also anticipated to drive product demand over the coming years.
Growth Factors:
- Increasing demand for marine propellers from the commercial and recreational segments
- Rising popularity of electric boats, which require propellers for propulsion
- Proliferation of boatbuilding and repair facilities in developing countries
- Growing awareness about the benefits of using marine propellers among end-users
- Technological advancements that lead to better design and performance of propellers
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Propeller Plug Market Research Report
By Type
Propellers, Thrusters, Others
By Application
Merchant Ships, Naval Ships, Recreational Boats, Others
By Companies
eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation, Micron Technology, Himax Technology, LG Display, Microvision, Sony Corporation, Syndiant, eMagin Corporation
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Marine Propeller Plug Market Report Segments:
The global Marine Propeller Plug market is segmented on the basis of:
Types
Propellers, Thrusters, Others
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
Merchant Ships, Naval Ships, Recreational Boats, Others
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:
- eMagin Corporation
- Universal Display Corporation
- AU Optronics Corp
- KopIn Corporation
- Micron Technology
- Himax Technology
- LG Display
- Microvision
- Sony Corporation
- Syndiant
- eMagin Corporation
Highlights of The Marine Propeller Plug 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:
- Propellers
- Thrusters
- Others
- By Application:
- Merchant Ships
- Naval Ships
- Recreational Boats
- Others
- 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 Marine Propeller Plug 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
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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?
A Marine Propeller Plug is a device that is inserted into the propeller of a boat to prevent it from turning.
Some of the major players in the marine propeller plug market are eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation, Micron Technology, Himax Technology, LG Display, Microvision, Sony Corporation, Syndiant, eMagin Corporation.
The marine propeller plug market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Propeller Plug 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 Marine Propeller Plug Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Propeller Plug 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 Marine Propeller Plug 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 Marine Propeller Plug Market Size & Forecast, 2020-2028
4.5.1 Marine Propeller Plug Market Size and Y-o-Y Growth
4.5.2 Marine Propeller Plug 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 Propellers
5.2.2 Thrusters
5.2.3 Others
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 Merchant Ships
6.2.2 Naval Ships
6.2.3 Recreational Boats
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Propeller Plug 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 Marine Propeller Plug 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 Propellers
9.6.2 Thrusters
9.6.3 Others
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 Merchant Ships
9.10.2 Naval Ships
9.10.3 Recreational Boats
9.10.4 Others
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 Propellers
10.6.2 Thrusters
10.6.3 Others
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 Merchant Ships
10.10.2 Naval Ships
10.10.3 Recreational Boats
10.10.4 Others
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 Propellers
11.6.2 Thrusters
11.6.3 Others
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 Merchant Ships
11.10.2 Naval Ships
11.10.3 Recreational Boats
11.10.4 Others
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 Propellers
12.6.2 Thrusters
12.6.3 Others
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 Merchant Ships
12.10.2 Naval Ships
12.10.3 Recreational Boats
12.10.4 Others
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 Propellers
13.6.2 Thrusters
13.6.3 Others
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 Merchant Ships
13.10.2 Naval Ships
13.10.3 Recreational Boats
13.10.4 Others
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 Marine Propeller Plug Market: Competitive Dashboard
14.2 Global Marine Propeller Plug Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 eMagin Corporation
14.3.2 Universal Display Corporation
14.3.3 AU Optronics Corp
14.3.4 KopIn Corporation
14.3.5 Micron Technology
14.3.6 Himax Technology
14.3.7 LG Display
14.3.8 Microvision
14.3.9 Sony Corporation
14.3.10 Syndiant
14.3.11 eMagin Corporation
