Market Overview:
The global side thrusters 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 boats, barges, and ships across the globe. Additionally, rising concerns over safety and security are also propelling the demand for side thrusters in various applications such as boat, barge, ship, yacht, tugboat and AUVs (autonomous underwater vehicles). The global side thrusters market is segmented on the basis of type into tunnel side thrusters, externally mounted side thrusters and waterjet side thrusters. The tunnel type segment is expected to hold a dominant share in terms of revenue contribution followed by externally mounted type segment during the forecast period from 2018 to 2030. This can be attributed to their growing popularity among boat builders owing to their low noise levels and easy installation process as compared with other types of Side Thrusters available in the market. On basis of application ,the global Side Thrusters Market is classified into Boat ,Barge Ship Yacht Tugboat AUVs (Autonomous Underwater Vehicles) . Among these segments ,the Boat Segment accounts for majority share in terms revenue contribution throughout entire forecast period .This can be majorly accredited towards increase adoption recreational boats globally .
Product Definition:
Side Thrusters are a type of thruster that is used to provide lateral motion or turning capability to a vehicle. Side thrusters are typically mounted on the sides of a vessel and provide sideways propulsion by discharging high-pressure fluid out one or more nozzles. This allows the vessel to turn in place, change its heading, or move sideways in order to avoid obstacles or pursue prey. Side thrusters are particularly important for vessels that operate in confined spaces, such as submarines and ships with limited maneuverability.
Tunnel Side Thrusters:
Tunnel side thrusters are a type of Side Thruster that is mounted on the tunnel wall. It is used to push water or air forward, creating a vacuum behind it which in turn creates propulsion. The main advantage of this device over the conventional ones is that there are no moving parts and hence it reduces maintenance cost and increases reliability as there are no valves or motors to fail.
Externally Mounted Side Thrusters:
Externally mounted side thrusters are devices that are fixed on the wall of a building or structure and used to generate artificial wind by using an electric fan. The externally mounted side thrusters market is expected to witness significant growth over the forecast period owing to its increasing application in residential buildings for generating electricity.
The growing demand for renewable energy sources, such as solar power, is one of the major factors driving market growth.
Application Insights:
The boat application segment led the market and accounted for more than 40.0% share of the overall revenue in 2017 owing to rising demand from recreational users as well as commercial fishermen. Side thrusters are also used on boats, barges, ships, yachts and tugboats for maneuvering purposes in shallow waters. The barge application segment is expected to witness significant growth over the forecast period due to its ability to carry heavy loads over long distances at a relatively low cost when compared with other modes of transport such as trucks or trains.
The ship application segment is projected expand at a CAGR of XX% from 2018 to 2030 owing primarily to an increase in shipping activities across various regions coupled with growing demand for side thrusters on account of their benefits including increased maneuverability while docking.
Regional Analysis:
Asia Pacific side thrusters market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing marine activities in countries such as China, India, and Japan. For instance, according to the International Marine Organization (IMO), in 2016, around 7 million recreational boating vessels were registered in China out of which 4 million were power boats and 1.3 million were non-power watercrafts including kayaks and canoes.
Europe held a significant share of more than 25% in terms of revenue as of 2017 owing to high maritime activities across countries such as U.K.
Growth Factors:
- Increasing demand for Side Thrusters in the commercial and defense sectors as a result of their ability to improve the maneuverability and stability of vessels
- Growing popularity of recreational boating, which is boosting demand for Side Thrusters in the marine market
- Technological advancements that have led to the development of more efficient and powerful Side Thrusters systems
- Rising awareness about the benefits of using Side Thrusters among boat owners and operators
- The increasing number of boat shows and exhibitions being organized across different parts of the world, which is providing a platform for manufacturers to showcase their latest products
Scope Of The Report
Report Attributes
Report Details
Report Title
Side Thrusters Market Research Report
By Type
Tunnel Side Thrusters, Externally Mounted Side Thrusters, Waterjet Side Thrusters
By Application
Boat, Barge, Ship, Yacht, Tugboat, AUVs (Autonomous Underwater Vehicles)
By Companies
Sleipner Motor AS, Wartsila, Kawasaki Heavy Industries, Osmotech, SJMATEK(Suzhou) Marine Machine, CSSRC, Hanshin Diesel Works, Ltd., Nakashima Propeller, KTE Co., Ltd., Kamome Propeller, SCHOTTEL Group
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Side Thrusters Market Report Segments:
The global Side Thrusters market is segmented on the basis of:
Types
Tunnel Side Thrusters, Externally Mounted Side Thrusters, Waterjet Side Thrusters
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
Boat, Barge, Ship, Yacht, Tugboat, AUVs (Autonomous Underwater Vehicles)
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:
- Sleipner Motor AS
- Wartsila
- Kawasaki Heavy Industries
- Osmotech
- SJMATEK(Suzhou) Marine Machine
- CSSRC
- Hanshin Diesel Works, Ltd.
- Nakashima Propeller
- KTE Co., Ltd.
- Kamome Propeller
- SCHOTTEL Group
Highlights of The Side Thrusters 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:
- Tunnel Side Thrusters
- Externally Mounted Side Thrusters
- Waterjet Side Thrusters
- By Application:
- Boat
- Barge
- Ship
- Yacht
- Tugboat
- AUVs (Autonomous Underwater Vehicles)
- 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 Side Thrusters 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?
Side thrusters are a type of exercise that work your oblique muscles. These muscles help you rotate your torso to the side.
Some of the major players in the side thrusters market are Sleipner Motor AS, Wartsila, Kawasaki Heavy Industries, Osmotech, SJMATEK(Suzhou) Marine Machine, CSSRC, Hanshin Diesel Works, Ltd., Nakashima Propeller, KTE Co., Ltd., Kamome Propeller, SCHOTTEL Group.
The side thrusters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Side Thrusters 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. Side Thrusters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Side Thrusters Market - Supply Chain
4.5. Global Side Thrusters Market Forecast
4.5.1. Side Thrusters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Side Thrusters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Side Thrusters Market Absolute $ Opportunity
5. Global Side Thrusters 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. Side Thrusters Market Size and Volume Forecast by Type
5.3.1. Tunnel Side Thrusters
5.3.2. Externally Mounted Side Thrusters
5.3.3. Waterjet Side Thrusters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Side Thrusters 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. Side Thrusters Market Size and Volume Forecast by Application
6.3.1. Boat
6.3.2. Barge
6.3.3. Ship
6.3.4. Yacht
6.3.5. Tugboat
6.3.6. AUVs (Autonomous Underwater Vehicles)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Side Thrusters 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. Side Thrusters 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 Side Thrusters 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. Side Thrusters 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 Side Thrusters Demand Share Forecast, 2019-2026
9. North America Side Thrusters 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 Side Thrusters 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 Side Thrusters Market Size and Volume Forecast by Application
9.4.1. Boat
9.4.2. Barge
9.4.3. Ship
9.4.4. Yacht
9.4.5. Tugboat
9.4.6. AUVs (Autonomous Underwater Vehicles)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Side Thrusters Market Size and Volume Forecast by Type
9.7.1. Tunnel Side Thrusters
9.7.2. Externally Mounted Side Thrusters
9.7.3. Waterjet Side Thrusters
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 Side Thrusters Demand Share Forecast, 2019-2026
10. Latin America Side Thrusters 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 Side Thrusters 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 Side Thrusters Market Size and Volume Forecast by Application
10.4.1. Boat
10.4.2. Barge
10.4.3. Ship
10.4.4. Yacht
10.4.5. Tugboat
10.4.6. AUVs (Autonomous Underwater Vehicles)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Side Thrusters Market Size and Volume Forecast by Type
10.7.1. Tunnel Side Thrusters
10.7.2. Externally Mounted Side Thrusters
10.7.3. Waterjet Side Thrusters
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 Side Thrusters Demand Share Forecast, 2019-2026
11. Europe Side Thrusters 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 Side Thrusters 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 Side Thrusters Market Size and Volume Forecast by Application
11.4.1. Boat
11.4.2. Barge
11.4.3. Ship
11.4.4. Yacht
11.4.5. Tugboat
11.4.6. AUVs (Autonomous Underwater Vehicles)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Side Thrusters Market Size and Volume Forecast by Type
11.7.1. Tunnel Side Thrusters
11.7.2. Externally Mounted Side Thrusters
11.7.3. Waterjet Side Thrusters
11.8. Basis Point Share (BPS) Analysis byType
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/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 Side Thrusters Demand Share, 2019-2026
12. Asia Pacific Side Thrusters 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 Side Thrusters 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 Side Thrusters Market Size and Volume Forecast by Application
12.4.1. Boat
12.4.2. Barge
12.4.3. Ship
12.4.4. Yacht
12.4.5. Tugboat
12.4.6. AUVs (Autonomous Underwater Vehicles)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Side Thrusters Market Size and Volume Forecast by Type
12.7.1. Tunnel Side Thrusters
12.7.2. Externally Mounted Side Thrusters
12.7.3. Waterjet Side Thrusters
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 Side Thrusters Demand Share, 2019-2026
13. Middle East & Africa Side Thrusters 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 Side Thrusters 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 Side Thrusters Market Size and Volume Forecast by Application
13.4.1. Boat
13.4.2. Barge
13.4.3. Ship
13.4.4. Yacht
13.4.5. Tugboat
13.4.6. AUVs (Autonomous Underwater Vehicles)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Side Thrusters Market Size and Volume Forecast by Type
13.7.1. Tunnel Side Thrusters
13.7.2. Externally Mounted Side Thrusters
13.7.3. Waterjet Side Thrusters
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 Side Thrusters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Side Thrusters Market: Market Share Analysis
14.2. Side Thrusters Distributors and Customers
14.3. Side Thrusters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sleipner Motor AS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wartsila
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kawasaki Heavy Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Osmotech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SJMATEK(Suzhou) Marine Machine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CSSRC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hanshin Diesel Works, Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nakashima Propeller
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KTE Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kamome Propeller
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SCHOTTEL Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
