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Global marine propeller market is expected to reach $5,352 million by 2022, growing at a CAGR of 4.3% from 2016 to 2022. Marine propellers operate from the rear side of the ships, and generate the desired thrust to propel the movement across the water bodies.
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The marine propeller market was valued at $4,017 million in 2015, and is projected to reach $5,352 million by 2022, growing at a CAGR of 4.3% from 2016 to 2022. Controllable pitch propeller segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 53% in 2015, and is anticipated to maintain this trend. Marine propeller plays a vital role in the operation of ships as it propels the movement of the ship or boat across the water using the power generated and transmitted by the main engine of the ship. Growth in shipbuilding industry mostly in countries such as China, Japan, and South Korea majorly boosted the market growth. In addition, increase in requirement of resources such as coal, ore, and iron is fueling the growth in international seaborne trade, driving the marine propeller market. However, stringent environmental rules & regulations, huge capital investment required for setting up new manufacturing facilities, and volatile raw material prices hamper the market growth. Request Sample: https://www.alliedmarketresearch.com/request-free-sample/1946 Marine Propeller Market – Introduction
Asia-Pacific Most Lucrative Market For Marine Propeller Market
Marine Propeller Market • The report includes an extensive analysis of the factors that drive as well as restrain the global marine propeller market. • The factors affecting growth along with market projections from 2014 to 2022 are included. • The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the situations that prevail in the market. • An in-depth analysis of key segments demonstrates stakeholders with different types of ships and different propellers. • Competitive intelligence highlights the business practices followed by leading market players across various geographies.
Marine Propeller Market - Table of Contents INTRODUCTION EXECUTIVE SUMMARY MARKET OVERVIEW MARINE PROPELLER MARKET, BY PROPELLER TYPE MARINE PROPELLER MARKET, BY SHIP TYPE GLOBAL MARINE PROPELLER MARKET, BY REGION RELATED INDUSTRY INSIGHTS 8. COMPANY PROFILES
Marine Propeller Market - Segments By Geography North America, Europe, Asia Pacific, LAMEA
Company Profiles • HYUNDAI HEAVY INDUSTRIES CO., LTD • MAN DIESEL & TURBO SE • MITSUBISHI HEAVY INDUSTRIES, LTD. • MECKLENBURGER METALLGUSS GMBH • NAKASHIMA PROPELLER CO., LTD. • ROLLS-ROYCE PLC • SCHOTTEL • SCHAFFRAN PROPELLER + SERVICE GMBH • VEEM LTD • WÄRTSILÄ
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