Market Overview:
The global rudder propellers 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 tugboats, offshore support vessels, ferries and freighters, and others across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. On the basis of type, the global rudder propellers market is segmented into z drive and l drive. The z drive segment is expected to account for a larger share of this market during the forecast period owing to its advantages such as high efficiency and low noise levels. On the basis of application, this market is segmented into tugboats, offshore support vessels, ferries and freighters, and others (including cruise ships).
Product Definition:
Rudder propellers are the large, flat-bladed propellers near the rear of a ship. They are used to steer the ship by providing sideways thrust.
Z Drive:
Z-drive is the propeller's term for the forward or backward movement of a propeller driven ship. The Z-drive in a rudder propelled vessel is achieved by using the energy from its own momentum and turning it into forward motion. In other words, it's similar to an automobile where gasoline powering engine creates rotational motion which is then converted to linear by gear reduction system and used as drive mechanism for vehicle wheels.
The primary difference between Z-drives.
L Drive:
The L-drive is a type of hybrid propulsion system which uses the energy from the spinning propeller to provide movement in the forward and reverse direction. The system works on different principles depending upon whether it is a diesel or gas engine based system. In case of diesel engines, fuel is directly injected into the combustion chamber where as in case of gas turbines, compressed natural gas (CNG) or propane are used as fuels.
Application Insights:
Tugboat was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period. Rudder propellers are widely used in tugboats as they provide efficient propulsion by taking advantage of the water flow around obstacles without creating waves. The offshore support vessel is another prominent application owing to its use in harsh environments with strong currents and high waves where conventional engines cannot operate efficiently.
Ferries and freighter are other prominent applications that comprise small boats operating across large bodies of water connecting different cities, states, or countries.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing maritime trade activities across emerging economies, such as China and India. In addition, growing offshore oil & gas activities in countries such as Indonesia and Malaysia are anticipated to drive product demand in this region. Furthermore, rising investments from governments for developing marine infrastructure is further expected to boost product demand over the next eight years.
Europe was estimated at USD X million in 2017 owing to high R&D expenditure by government on improving ship design and development of advanced technologies pertaining rudder systems for ships operation across various applications including tugboats, ferries/bulk carriers/passenger vessels among others). North America accounted for a significant share of global revenue due to high adoption of these products particularly within U.S.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly modes of transportation is expected to drive the growth of Rudder Propellers market.
- Rising disposable income of consumers is anticipated to boost the sales of luxury yachts, which in turn will create demand for Rudder Propellers.
- Growing popularity of water sports and increasing number of cruise ships are projected to propel the growth of Rudder Propellers market in near future.
- Technological advancements in rudder propeller design and manufacturing is likely to provide impetus to the growth prospects of this market during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rudder Propellers Market Research Report
By Type
Z Drive, L Drive
By Application
Tugboat, Offshore Support Vessel, Ferries and Freighter, Others
By Companies
Jastram, Veth Propulsion, Wartsila, Schottel
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Rudder Propellers Market Report Segments:
The global Rudder Propellers market is segmented on the basis of:
Types
Z Drive, L Drive
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
Tugboat, Offshore Support Vessel, Ferries and Freighter, 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:
- Jastram
- Veth Propulsion
- Wartsila
- Schottel
Highlights of The Rudder Propellers 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:
- Z Drive
- L Drive
- By Application:
- Tugboat
- Offshore Support Vessel
- Ferries and Freighter
- 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 Rudder Propellers 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?
Rudder Propellers are propellers that are used to control the direction of a boat or aircraft.
Some of the key players operating in the rudder propellers market are Jastram, Veth Propulsion, Wartsila, Schottel.
The rudder propellers 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 Rudder Propellers 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 Rudder Propellers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rudder Propellers 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 Rudder Propellers 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 Rudder Propellers Market Size & Forecast, 2020-2028
4.5.1 Rudder Propellers Market Size and Y-o-Y Growth
4.5.2 Rudder Propellers 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 Z Drive
5.2.2 L Drive
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 Tugboat
6.2.2 Offshore Support Vessel
6.2.3 Ferries and Freighter
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rudder Propellers 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 Rudder Propellers 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 Z Drive
9.6.2 L Drive
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 Tugboat
9.10.2 Offshore Support Vessel
9.10.3 Ferries and Freighter
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 Z Drive
10.6.2 L Drive
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 Tugboat
10.10.2 Offshore Support Vessel
10.10.3 Ferries and Freighter
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 Z Drive
11.6.2 L Drive
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 Tugboat
11.10.2 Offshore Support Vessel
11.10.3 Ferries and Freighter
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 Z Drive
12.6.2 L Drive
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 Tugboat
12.10.2 Offshore Support Vessel
12.10.3 Ferries and Freighter
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 Z Drive
13.6.2 L Drive
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 Tugboat
13.10.2 Offshore Support Vessel
13.10.3 Ferries and Freighter
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 Rudder Propellers Market: Competitive Dashboard
14.2 Global Rudder Propellers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jastram
14.3.2 Veth Propulsion
14.3.3 Wartsila
14.3.4 Schottel
