Market Overview:
The global ship auxiliary propulsion system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for efficient and reliable maritime transportation across the globe. In addition, the growing awareness about environment-friendly marine propulsion systems is also contributing to the growth of this market. Based on type, the global ship auxiliary propulsion system market can be segmented into controllable pitch propeller-type and fixed pitch propeller-type. The controllable pitch propeller-type segment is expected to hold a major share of this market during the forecast period owing to its high efficiency and reliability as compared to other types of marine propulsion systems. Based on application, this market can be divided into domestic freight vessels, fishing vessels, large-size ferries, roll-on/roll-off vessels and large size container carriers.
Product Definition:
Ship auxiliary propulsion system is a mechanism that helps in the propulsion of the vessel. It may be used for maneuvering and stopping the ship. The importance of a ship auxiliary propulsion system is to provide power to the propellers or water jets, which help in moving the vessel.
Controllable Pitch Propeller-Type:
Controllable pitch propeller-type is a ship propulsion system that uses the force of wind to provide directional and forward momentum. The controllable pitch propeller-type has several advantages over traditional propulsion systems, such as it does not rely on the direction of wind for movement, provides an independent source of power for each blade (if any), can be used in calm or brisk winds, etc.
Fixed Pitch Propeller-Type:
Fixed-pitch propeller-type is a marine propulsion engine design that uses a non-rotating main shaft to transmit the power to the ship’s screws. The pitch of the propeller is fixed and does not vary with speed unlike conventional variable pitch types.
The FPP ships auxiliary propulsion system market size was valued at USD 1,867.7 million in 2016.
Application Insights:
The demand for the global ship auxiliary propulsion system market is categorized by application into domestic freight vessels, fishing vessels, large-size ferries, roll-on/roll-off (RORO) ships, and container carriers. The RORO segment accounted for a revenue share of over 40% in 2017 owing to the growing demand from end users including liner shipping companies and transport agencies. Growing investments by governments in developing marine infrastructure has also been a major factor driving the growth of this segment.
Domestic freight vessel application is expected to witness significant growth at an estimated CAGR of XX% from 2018 to 2030 owing to increasing investments by various companies including Maersk Line Ltd., MSC Sinfonia Co., Ltd., Evergreen Line Inc., Hapag Lloyd AG & Co.
Regional Analysis:
Asia Pacific dominated the global ship auxiliary propulsion system market in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing investments in port infrastructure development, coupled with rising demand for efficient transportation facilities across emerging economies such as China and India. Moreover, growing trade activities between Asia Pacific countries are expected to boost the adoption of roll-on/roll-off vessels that use auxiliary propulsion systems for efficient movement of goods across large bodies of water.
The European market is anticipated to witness considerable growth over the next eight years owing to stringent regulations regarding pollution caused by diesel engines on board ships. In addition, technological advancements related to COVID-19 testing procedures are also likely contribute towards regional demand during the forecast period.S.
Growth Factors:
- Increasing demand for maritime transport: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by globalization and increasing trade among countries. This will result in an increase in demand for auxiliary propulsion systems, as they are essential for efficient maritime transport.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations governing emissions from ships, which is resulting in the installation of auxiliary propulsion systems on more new vessels. This will drive growth in the market over the next few years.
- Technological advancements: The ship auxiliary propulsion system market is witnessing rapid technological advancements, with manufacturers introducing new products that are more efficient and consume less fuel than traditional systems. This is resulting in increased adoption of these systems by shipping companies, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Auxiliary Propulsion System Market Research Report
By Type
Controllable Pitch Propeller-Type, Fixed Pitch Propeller-Type
By Application
Domestic Freight Vessels, Fishing Vessels, Large-Size Ferries, Roll-On/Roll-Off Vessels, Large-Size Container Carriers
By Companies
Eco Marine Power, Wesmar, Nakashima, Eco Marine Power
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Ship Auxiliary Propulsion System Market Report Segments:
The global Ship Auxiliary Propulsion System market is segmented on the basis of:
Types
Controllable Pitch Propeller-Type, Fixed Pitch Propeller-Type
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
Domestic Freight Vessels, Fishing Vessels, Large-Size Ferries, Roll-On/Roll-Off Vessels, Large-Size Container Carriers
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:
- Eco Marine Power
- Wesmar
- Nakashima
- Eco Marine Power
Highlights of The Ship Auxiliary Propulsion System 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:
- Controllable Pitch Propeller-Type
- Fixed Pitch Propeller-Type
- By Application:
- Domestic Freight Vessels
- Fishing Vessels
- Large-Size Ferries
- Roll-On/Roll-Off Vessels
- Large-Size Container Carriers
- 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 Ship Auxiliary Propulsion System 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.
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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?
Ship auxiliary propulsion system (SAPS) is a type of propulsion system used on ships to provide forward motion. It consists of an engine that powers a propeller or other type of drive mechanism.
Some of the key players operating in the ship auxiliary propulsion system market are Eco Marine Power, Wesmar, Nakashima, Eco Marine Power.
The ship auxiliary propulsion system 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 Ship Auxiliary Propulsion System 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 Ship Auxiliary Propulsion System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship Auxiliary Propulsion System 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 Ship Auxiliary Propulsion System 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 Ship Auxiliary Propulsion System Market Size & Forecast, 2020-2028
4.5.1 Ship Auxiliary Propulsion System Market Size and Y-o-Y Growth
4.5.2 Ship Auxiliary Propulsion System 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 Controllable Pitch Propeller-Type
5.2.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
6.2.2 Fishing Vessels
6.2.3 Large-Size Ferries
6.2.4 Roll-On/Roll-Off Vessels
6.2.5 Large-Size Container Carriers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship Auxiliary Propulsion System 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 Ship Auxiliary Propulsion System 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 Controllable Pitch Propeller-Type
9.6.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
9.10.2 Fishing Vessels
9.10.3 Large-Size Ferries
9.10.4 Roll-On/Roll-Off Vessels
9.10.5 Large-Size Container Carriers
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 Controllable Pitch Propeller-Type
10.6.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
10.10.2 Fishing Vessels
10.10.3 Large-Size Ferries
10.10.4 Roll-On/Roll-Off Vessels
10.10.5 Large-Size Container Carriers
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 Controllable Pitch Propeller-Type
11.6.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
11.10.2 Fishing Vessels
11.10.3 Large-Size Ferries
11.10.4 Roll-On/Roll-Off Vessels
11.10.5 Large-Size Container Carriers
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 Controllable Pitch Propeller-Type
12.6.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
12.10.2 Fishing Vessels
12.10.3 Large-Size Ferries
12.10.4 Roll-On/Roll-Off Vessels
12.10.5 Large-Size Container Carriers
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 Controllable Pitch Propeller-Type
13.6.2 Fixed Pitch Propeller-Type
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 Domestic Freight Vessels
13.10.2 Fishing Vessels
13.10.3 Large-Size Ferries
13.10.4 Roll-On/Roll-Off Vessels
13.10.5 Large-Size Container Carriers
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 Ship Auxiliary Propulsion System Market: Competitive Dashboard
14.2 Global Ship Auxiliary Propulsion System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eco Marine Power
14.3.2 Wesmar
14.3.3 Nakashima
14.3.4 Eco Marine Power
