Global Marine Propellers Industry Report 2023-2030: Rise of Recreational Boating as a Hobby Spurs Opportunities for Growth

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Dec 04, 2023, 21:30 ET

DUBLIN, Dec. 4, 2023 /PRNewswire/ -- The "Marine Propellers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global market prospects and outlook are discussed, with a focus on the potential rebound of the shipbuilding industry post-pandemic. Key challenges impacting industry growth are analyzed, along with a breakdown of the market by type, application, and region. The report provides percentage breakdowns of sales for propellers, thrusters, and other types, as well as for merchant ships, naval ships, recreational boats, and other applications.

Regional analysis is also provided, ranking geographic regions by compound annual growth rate (CAGR) for value sales in the marine propellers market for the period 2020-2027. China is expected to record strong growth in the controllable pitch marine propellers market.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 6% CAGR

The Marine Propellers market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

The Propeller of The Future
Steady Growth in Seaborne Trade Volumes Drives Demand for Marine Propellers
World Seaborne Trade: Total Volume of Goods Loaded in Billion Tons for the Years 2010 through 2020
Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
Shipbuilding Activity Trends Influence Dynamics of Marine Propellers Market
Dual-Fuel Combustion Engines Suitable for Deep Sea Fleet
Rising Commercial Maritime Activity: Opportunity Indicator for Marine Propellers for Merchant Ships
World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
Naval Ships, a Dominant Application Segment: Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
Healthy Defense Spending to Amplify the Need for Naval Ship Propellers: Projected Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
Pandemic Affects the Military & Defense Sector
Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Military Expenditure as a % of GDP in Select Countries
Rising Naval Ship Orders Bodes Well for the Naval Ship Propeller Market
Rise of Recreational Boating as a Hobby Spurs Opportunities for Growth in the Propellers Market
Global % Share Breakdown of Boat Fleets in Operation by Type for the Year 2020
World Cruise Passengers (in Millions) for the Years 2010, 2015 and 2019-2021E
Easing of Restrictions Witness a Quick Recovery of Recreational Boating Bringing Hope & Cheer for the Propeller Industry
Increased Indulgence in Boating Pleasure Opens New Growth Avenues for Boat Manufacturing, Parts/Components: Global Spending on Leisure Boats (In US$ Million) for Years 2020, 2023 & 2026
Expected Growth in Demand for Superyachts Post Pandemic to Benefit Boat Manufacturing Activities
Expected Gains in Yacht Building to Benefit OE Suppliers of Propeller Systems: Global Number of Superyachts 100 FT or Larger (In Units) for Years 2017, 2019, 2022 & 2024
High Net Worth Individuals: A Key Customer Class
Breakdown of Ownership of Yachts by Length: 2019
Geographic Localization of Ultra High Net Worth Individuals: 2019
Robust International Trade in Fisheries to Push Demand for Fishing Boats
Rising Seafood Consumption Brings a String of Opportunities for Commercial Open Catch Fishing Equipment Including Boats: Global Per Capita Fish Consumption (in Kg Per Person) by Region for 2020 & 2027
Focus on Modernizing Aging Fishing Boats & Expanding Fishing Fleets to Benefit All in the Boat Manufacturing Value Chain including Propellers
Aging Fishing Boats Trigger Replacement Demand, Bringing in the Promise of Higher New Manufacturing Orders: Average Age of Fishing Boats & Vessels Worldwide (In Years) As of the Year 2020
Select Boat Propellers Ruling the Roost in the Market

FOCUS ON SELECT PLAYERS (Total 127 Featured)

Kawasaki Heavy Industries Ltd.
Hyundai Heavy Industries Co., Ltd.
Andritz AG
AB Volvo
Kongsberg Gruppen ASA
Brunswick Corporation
Engtek (Pte) Limited
Mercury Marine
Kahlenberg Industries, Inc.
MAN Energy Solutions SE
Masson Marine SAS
Mecklenburger Metallguss GmbH
Epropulsion Innovation (Hk) Limited
Jastram Engineering Ltd.
Cala Del Forte

For more information about this report visit https://www.researchandmarkets.com/r/xujgf6

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