Market Overview:
The global water-jet propulsion device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for high-speed boats and ships, rising maritime tourism, and growing naval defense budgets of countries across the world. Based on type, the global water-jet propulsion device market can be segmented into axial flow waterjets, mixed flow waterjets, and centrifugal flow waterjets. Axial flow waterjets are expected to account for the largest share of the market in 2018 owing to their high efficiency and low noise levels. Mixed flow waterjets are projected to grow at the highest CAGR during the forecast period as they offer better performance than axial or centrifugal flows in terms of both speed and fuel efficiency. Based on application, monohulls accounted for a majority of sales in 2017; however, multihulls are projected to grow at a higher rate during the forecast period as they offer superior performance over monohulls with respect to speed and fuel efficiency. Other applications include hovercrafts, submarines etc.
Product Definition:
Water-jet propulsion device is a device that uses water to generate thrust and propel a vessel or object. It is often used in boats, ships, and submarines. The importance of this device is that it provides an efficient and reliable way to propel vessels through the water.
Axial Flow Waterjet:
Axial flow waterjet, also known as axial flow stream or radial flow jet is a type of waterjet propulsion device that has its jet axis in the same direction as the fluid velocity. The fluid velocity can be air or another liquid. Axial-flow devices are usually used for high speed and high pressure applications such as flood dewatering, mining, and oil well drilling operations.
Mixed Flow Waterjet:
Mixed flow waterjet and its usage in water-jet propulsion device market is a new technology that has been evolving over the past few years. The key driving factors responsible for the growth of this technology are increasing focus on energy efficiency, growing demand for high-pressure streams of liquid in industrial applications, and rising environmental concerns regarding conventional power generation methods.
Application Insights:
The multihull segment held the largest market share of over 40% in 2017. The growth can be attributed to the rising demand for vessels with high cargo-carrying capacity and longer range. Multihull ships are widely used for intercontinental transport of bulk cargoes such as minerals, grains, cement and foodstuffs. Moreover, these ships are also used for coastal trading between two neighboring countries or across the nearby islands due to their large hull size and deep draft which enables them to operate in shallower waters than other types of vessels.
North America was estimated as a dominant region owing to factors such as presence of major manufacturers coupled with key waterjet propelled vessel suppliers located there namely; Canada (Manitoba), U.S.
Regional Analysis:
The market in Asia Pacific and South America is expected to grow at a significant rate over the forecast period owing to the rising demand for water-jet propelled systems from various applications. The growing marine industry in these regions coupled with increasing tourism activities are likely to boost product demand.
Asia Pacific was estimated as the largest regional market in 2017, accounting for more than 30% of global revenue share. This trend is anticipated to continue over the forecast period due to rapid industrialization and urbanization along with increasing foreign investments across countries such as China, India, Thailand, Malaysia etc., which has led towards an increase in maritime trade activities globally. These factors are also projected to drive product growth during the forecast period.
Growth Factors:
- Increasing demand for water-jet propulsion devices in the defense sector as they are used for various applications such as submarine propulsion, torpedo propulsion, and ship maneuvering
- Growing popularity of water-jet propelled boats and ships for recreational activities
- Rising demand from the commercial sector for use in cargo vessels, passenger ferries, and other marine transportation applications
- Development of new technologies that improve the efficiency and performance of water-jet propulsion devices
- Growing awareness about the benefits of using water-jet propelled boats and ships among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-Jet Propulsion Device Market Research Report
By Type
Axial Flow Waterjet, Mixed Flow Waterjet, Centrifugal Flow Waterjet
By Application
Monohull, Multihull, Others
By Companies
Scott, Alamarin-Jet, Castoldi, Hamilton Jet, Marine Jet Power (MJP), SDM, Textron Motors, Thrustmaster of Texas
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 Water-Jet Propulsion Device Market Report Segments:
The global Water-Jet Propulsion Device market is segmented on the basis of:
Types
Axial Flow Waterjet, Mixed Flow Waterjet, Centrifugal Flow Waterjet
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
Monohull, Multihull, 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:
- Scott
- Alamarin-Jet
- Castoldi
- Hamilton Jet
- Marine Jet Power (MJP)
- SDM
- Textron Motors
- Thrustmaster of Texas
Highlights of The Water-Jet Propulsion Device 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:
- Axial Flow Waterjet
- Mixed Flow Waterjet
- Centrifugal Flow Waterjet
- By Application:
- Monohull
- Multihull
- 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 Water-Jet Propulsion Device 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?
Water-jet propulsion devices are used to propel boats, ships, and other watercraft. They use a high-velocity stream of water to move the craft forward.
Some of the key players operating in the water-jet propulsion device market are Scott, Alamarin-Jet, Castoldi, Hamilton Jet, Marine Jet Power (MJP), SDM, Textron Motors, Thrustmaster of Texas.
The water-jet propulsion device market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water-Jet Propulsion Device 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. Water-Jet Propulsion Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water-Jet Propulsion Device Market - Supply Chain
4.5. Global Water-Jet Propulsion Device Market Forecast
4.5.1. Water-Jet Propulsion Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water-Jet Propulsion Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water-Jet Propulsion Device Market Absolute $ Opportunity
5. Global Water-Jet Propulsion Device 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. Water-Jet Propulsion Device Market Size and Volume Forecast by Type
5.3.1. Axial Flow Waterjet
5.3.2. Mixed Flow Waterjet
5.3.3. Centrifugal Flow Waterjet
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water-Jet Propulsion Device 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. Water-Jet Propulsion Device Market Size and Volume Forecast by Application
6.3.1. Monohull
6.3.2. Multihull
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water-Jet Propulsion Device 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. Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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. Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Demand Share Forecast, 2019-2026
9. North America Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Market Size and Volume Forecast by Application
9.4.1. Monohull
9.4.2. Multihull
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water-Jet Propulsion Device Market Size and Volume Forecast by Type
9.7.1. Axial Flow Waterjet
9.7.2. Mixed Flow Waterjet
9.7.3. Centrifugal Flow Waterjet
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 Water-Jet Propulsion Device Demand Share Forecast, 2019-2026
10. Latin America Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Market Size and Volume Forecast by Application
10.4.1. Monohull
10.4.2. Multihull
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water-Jet Propulsion Device Market Size and Volume Forecast by Type
10.7.1. Axial Flow Waterjet
10.7.2. Mixed Flow Waterjet
10.7.3. Centrifugal Flow Waterjet
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 Water-Jet Propulsion Device Demand Share Forecast, 2019-2026
11. Europe Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Market Size and Volume Forecast by Application
11.4.1. Monohull
11.4.2. Multihull
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water-Jet Propulsion Device Market Size and Volume Forecast by Type
11.7.1. Axial Flow Waterjet
11.7.2. Mixed Flow Waterjet
11.7.3. Centrifugal Flow Waterjet
11.8 Basis Point Share (BPS) Analysis by Type
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 Water-Jet Propulsion Device Demand Share, 2019-2026
12. Asia Pacific Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Market Size and Volume Forecast by Application
12.4.1. Monohull
12.4.2. Multihull
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water-Jet Propulsion Device Market Size and Volume Forecast by Type
12.7.1. Axial Flow Waterjet
12.7.2. Mixed Flow Waterjet
12.7.3. Centrifugal Flow Waterjet
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 Water-Jet Propulsion Device Demand Share, 2019-2026
13. Middle East & Africa Water-Jet Propulsion Device 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 Water-Jet Propulsion Device 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 Water-Jet Propulsion Device Market Size and Volume Forecast by Application
13.4.1. Monohull
13.4.2. Multihull
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water-Jet Propulsion Device Market Size and Volume Forecast by Type
13.7.1. Axial Flow Waterjet
13.7.2. Mixed Flow Waterjet
13.7.3. Centrifugal Flow Waterjet
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 Water-Jet Propulsion Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water-Jet Propulsion Device Market: Market Share Analysis
14.2. Water-Jet Propulsion Device Distributors and Customers
14.3. Water-Jet Propulsion Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Scott
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alamarin-Jet
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Castoldi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hamilton Jet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marine Jet Power (MJP)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SDM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Textron Motors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thrustmaster of Texas
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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
