Marine Propellers Market Size, Growth | Industry Analysis Report, 2026

1. Welcome To DataIntelo Marine Propellers Market Size, Growth | Industry Analysis Report, 2026 Global Marine Propeller Market is valued to reach USD 5.42 Billion by 2022, growing at CAGR of 3.2% over forecast period 2020-2026. Increased demand for marine propellers from new shipbuilding & repair market, surge in international seaborne trade, growing shipbuilding capacity and rise in maritime tourism are key factors driving the market. Market Dynamics: •Increase in marine transportation activities due to rising fright transportation, boom in the travel and tourism industry, and growth in marine activities such as fishing are propelling the market growth. •Rise in shipbuilding activities across the globe is boosting the demand for marine propellers. •Surge in the usage of ships has resulted in the rise in repairing activities worldwide, thus fuelling the demand for marine propellers.

2. •Manufacturers are focusing on research & development to launch efficient and technologically advanced marine propellers. This is expected to create a significant opportunities in the market in the coming years. Scope of the Report The report on the marine propeller market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Europe, Asia Pacific, South America, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage Request for Free Sample: https://dataintelo.com/request- sample/?reportId=111008 Marine Propellers Market Segment Insights: The propellers segment to continue to dominate the market due to its various advantages In terms of types, the market has been bifurcated into the propellers and thrusters. The propellers segment is anticipated to register significant CAGR during the forecast period driven by functional capabilities of propellers such as the fan-like structure for efficient conversion of rotational movement to thrust. These propellers are used to improve naval vessel efficiency and these have resulted in the reduction of maintenance costs and improved efficiency of marine

3. vessels. These advantages are expected to be a prime factor driving the growth of the market. High demand for nickel-aluminum bronze to fuel the growth of the segment Based on materials, the market has been divided into stainless steel, aluminum, bronze, and nickel-aluminum bronze. The nickel-aluminum bronze segment is expected to be the most attractive segment during the forecast period. High demand for nickel-aluminum bronze for the manufacture of marine propellers is driving the growth of this segment. Nickel-aluminum bronze material is known for its resistance toward notch sensitivity and improvised propeller efficiency. This, in turn, is boosting the growth of the segment. Rising commercial activities is fueling the growth of the merchant ships segment On the basis of applications, the Market has been divided into merchant ships, naval ships, and boats. The merchant ships segment dominated the market in the 2019 and this trend is expected to continue in the coming years. Rising commercial activities are leading to a increasing the demand for transportation mediums such as marine, which in turn, is expected to drive the segment growth. Increasing sea level transportation operations in Asia Pacific fuel the market in the region In terms of region, the marine propellers market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the global market, in terms of revenue generation, and expected to continue to do so during the forecast period. Boom in industrialization across major economies such as China, India, South Korea, and Australia is increasing import & export, which in turn, is increasing the demand for seaborne transmission mediums such as ships, vessels, and others. Competitive Landscape: Leading players operating in marine propellers market includes Rolls-Royce Holdings Plc., Wärtsilä, Hyundai Heavy Industries Co., Ltd., MAN Energy Solutions, SCHOTTEL Group, Caterpillar Inc., Yamaha Marine Precision Propellers, Inc., Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., and AB Volvo. They are increasingly investing in research activities to develop products to cater

4. to the changing industrial requirements. The manufacturers are focusing on implementing strategies such as partnerships, mergers, acquisitions, product launches, and business expansions. In July 2019, Yamaha Marine Precision Propellers, Inc., one of the leading manufacturers of marine propellers, announced its plans to establish a new production facility in Greenfield, Indiana, the US, in the area of 54,000 square foot. Segments Covered in the Report The global marine propeller market has been segmented on the basis of types, materials, applications, and regions By Types •Propellers •Thrusters By Materials •Stainless Steel •Aluminum •Bronze •Nickel-Aluminum Bronze By Applications •Merchant Ships •Naval Ships •Boats By Regions •North America •Europe •Asia Pacific •Latin America •Middle East & Africa Discover More @ https://dataintelo.com/