Market Overview:
The global ship propeller 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 cruise ships and submarines across the globe. Additionally, the increasing adoption of large carriers by commercial shipping companies is also contributing to the growth of this market. Based on type, the global ship propeller market can be segmented into 4-blade propellers, 3-blade propellers, 5-blade propellers and other types. Among these, 4-blade propellers are expected to account for a major share of this market in terms of revenue during 2018–2030 owing to their high efficiency and low noise levels as compared with other types of blades. By application, cruise ships are anticipated to account for a leading share in terms of revenue in 2018–2030 followed by submarines and large carriers respectively.
Product Definition:
A ship propeller is a type of fan that transmits power from a motor to a boat or ship to move it through the water. The purpose of the propeller is to create thrust, which propels the vessel forward or backward.
4-blade Propeller:
4-blade propeller is a type of ship propeller with four blades mounted in a hub. The most common types of 4-bladed propellers are the clockwise and counterclockwise rotating ones. The shape of the blade helps to provide more efficiency as well as to offer better protection from wind resistance for ships that use them.
3-blade Propeller:
3-blade propeller is a type of ship propeller, which consists of three blades. The ratio between the diameter of the largest blade and smallest blade is generally close to 3:1. The most common types are the “crown” or “witnessed” propellers, which have large bearings at the hub and small bearings at each end; this helps in reducing vibration in case there is any; also it reduces noise levels as well.
Application Insights:
The large carrier application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the growing demand for cruise vacations among high-income class consumers. Furthermore, factors such as increasing disposable income and rapid urbanization have led to an increase in passenger liner orders from countries such as China, Japan and South Korea.
The other application segment includes river boats, tugs and barges along with coastal defense ships. Other applications are expected to witness sluggish growth owing to rising fuel prices that have increased operating costs on vessels; this is anticipated to hamper market growth over the forecast period. However, technological advancements coupled with improved efficiency are projected to drive propeller sales in smaller ships including catamarans or trimarans thereby offsetting some of the losses incurred on account of higher operating costs on larger vessels.
Regional Analysis:
Asia Pacific dominated the global ship propeller market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing maritime trade activities, especially in China and India. Moreover, rising investments by countries such as Singapore and Malaysia for developing their ports are anticipated to boost demand for efficient propellers over the next eight years.
Europe accounted for a significant share of global revenue in 2016 owing to growing marine transportation activities across major European ports including Rotterdam, Marseille, Genoa and Port Said among others. Furthermore, technological advancements coupled with stringent regulations aimed at reducing pollution levels from large vessels are expected fuel product demand over the forecast period.
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 factors such as globalization, rising trade among developing countries, and increasing containerization. This will result in an increase in demand for ship propellers.
- Technological advancements: Ship propeller manufacturers are constantly innovating and introducing new technologies to improve the efficiency and performance of their products. This is resulting in increased adoption of ship propellers by shipping companies worldwide.
- Growing popularity of high-efficiency propulsion systems: With environmental concerns gaining prominence, there is a growing trend among shipping companies to adopt high-efficiency propulsion systems that consume less fuel and produce lower emissions levels than traditional systems. Ship propellers play an important role in these systems and are consequently witnessing increasing demand from shipping companies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Propeller Market Research Report
By Type
4-blade Propeller, 3-blade Propeller, 5-blade Propeller, Other
By Application
Cruise Ship, Submarine, Large Carrier, Other
By Companies
Wartsila Corporation, Promac BV, MAN Diesel SE, Helices y Suministros Navales, VEEM Propellers, VETH PROPULSION, Nakashima Propeller, Teignbridge, Fountom Marine, HYUNDAI HEAVY INDUSTRIES, Brunvoll, Austral Propeller, Eliche Radice, Rolls-Royce, Masson Marine, Schottel, Schaffran Propeller + Service, Hydro Armor Sales, ERIS PROPELLERS, ZF Marine, Hawboldt Industries, MAUCOUR FRANCE, Poseidon Propulsion BV, FRANCE HELICES, YMV CRANE AND WINCH SYSTEMS, SPW
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Ship Propeller Market Report Segments:
The global Ship Propeller market is segmented on the basis of:
Types
4-blade Propeller, 3-blade Propeller, 5-blade Propeller, Other
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
Cruise Ship, Submarine, Large Carrier, Other
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:
- Wartsila Corporation
- Promac BV
- MAN Diesel SE
- Helices y Suministros Navales
- VEEM Propellers
- VETH PROPULSION
- Nakashima Propeller
- Teignbridge
- Fountom Marine
- HYUNDAI HEAVY INDUSTRIES
- Brunvoll
- Austral Propeller
- Eliche Radice
- Rolls-Royce
- Masson Marine
- Schottel
- Schaffran Propeller + Service
- Hydro Armor Sales
- ERIS PROPELLERS
- ZF Marine
- Hawboldt Industries
- MAUCOUR FRANCE
- Poseidon Propulsion BV
- FRANCE HELICES
- YMV CRANE AND WINCH SYSTEMS
- SPW
Highlights of The Ship Propeller 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:
- 4-blade Propeller
- 3-blade Propeller
- 5-blade Propeller
- Other
- By Application:
- Cruise Ship
- Submarine
- Large Carrier
- Other
- 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 Propeller 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 propellers are the rotating blades on the bow and stern of a ship that convert energy from the engine into forward motion.
Some of the major companies in the ship propeller market are Wartsila Corporation, Promac BV, MAN Diesel SE, Helices y Suministros Navales, VEEM Propellers, VETH PROPULSION, Nakashima Propeller, Teignbridge, Fountom Marine, HYUNDAI HEAVY INDUSTRIES, Brunvoll, Austral Propeller, Eliche Radice, Rolls-Royce, Masson Marine, Schottel, Schaffran Propeller + Service, Hydro Armor Sales, ERIS PROPELLERS, ZF Marine, Hawboldt Industries, MAUCOUR FRANCE, Poseidon Propulsion BV, FRANCE HELICES, YMV CRANE AND WINCH SYSTEMS, SPW.
The ship propeller market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ship Propeller Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ship Propeller Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ship Propeller Market - Supply Chain
4.5. Global Ship Propeller Market Forecast
4.5.1. Ship Propeller Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ship Propeller Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ship Propeller Market Absolute $ Opportunity
5. Global Ship Propeller Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ship Propeller Market Size and Volume Forecast by Type
5.3.1. 4-blade Propeller
5.3.2. 3-blade Propeller
5.3.3. 5-blade Propeller
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ship Propeller Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ship Propeller Market Size and Volume Forecast by Application
6.3.1. Cruise Ship
6.3.2. Submarine
6.3.3. Large Carrier
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ship Propeller Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ship Propeller Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ship Propeller Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ship Propeller Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ship Propeller Demand Share Forecast, 2019-2026
9. North America Ship Propeller Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ship Propeller Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ship Propeller Market Size and Volume Forecast by Application
9.4.1. Cruise Ship
9.4.2. Submarine
9.4.3. Large Carrier
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ship Propeller Market Size and Volume Forecast by Type
9.7.1. 4-blade Propeller
9.7.2. 3-blade Propeller
9.7.3. 5-blade Propeller
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ship Propeller Demand Share Forecast, 2019-2026
10. Latin America Ship Propeller Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ship Propeller Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ship Propeller Market Size and Volume Forecast by Application
10.4.1. Cruise Ship
10.4.2. Submarine
10.4.3. Large Carrier
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ship Propeller Market Size and Volume Forecast by Type
10.7.1. 4-blade Propeller
10.7.2. 3-blade Propeller
10.7.3. 5-blade Propeller
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ship Propeller Demand Share Forecast, 2019-2026
11. Europe Ship Propeller Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ship Propeller Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ship Propeller Market Size and Volume Forecast by Application
11.4.1. Cruise Ship
11.4.2. Submarine
11.4.3. Large Carrier
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ship Propeller Market Size and Volume Forecast by Type
11.7.1. 4-blade Propeller
11.7.2. 3-blade Propeller
11.7.3. 5-blade Propeller
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ship Propeller Demand Share, 2019-2026
12. Asia Pacific Ship Propeller Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ship Propeller Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ship Propeller Market Size and Volume Forecast by Application
12.4.1. Cruise Ship
12.4.2. Submarine
12.4.3. Large Carrier
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ship Propeller Market Size and Volume Forecast by Type
12.7.1. 4-blade Propeller
12.7.2. 3-blade Propeller
12.7.3. 5-blade Propeller
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ship Propeller Demand Share, 2019-2026
13. Middle East & Africa Ship Propeller Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ship Propeller Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ship Propeller Market Size and Volume Forecast by Application
13.4.1. Cruise Ship
13.4.2. Submarine
13.4.3. Large Carrier
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ship Propeller Market Size and Volume Forecast by Type
13.7.1. 4-blade Propeller
13.7.2. 3-blade Propeller
13.7.3. 5-blade Propeller
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ship Propeller Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ship Propeller Market: Market Share Analysis
14.2. Ship Propeller Distributors and Customers
14.3. Ship Propeller Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wartsila Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Promac BV
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MAN Diesel SE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Helices y Suministros Navales
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VEEM Propellers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VETH PROPULSION
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nakashima Propeller
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Teignbridge
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fountom Marine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. HYUNDAI HEAVY INDUSTRIES
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Brunvoll
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Austral Propeller
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eliche Radice
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rolls-Royce
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Masson Marine
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Schottel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Schaffran Propeller + Service
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hydro Armor Sales
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. ERIS PROPELLERS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. ZF Marine
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
