November 7, 2018 - 5:46 AM EST
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Global Marine Propeller Market Analysis by Type, Application, Number of Blades, End-User, Propulsion, Material and Region - Forecast to 2023 - ResearchAndMarkets.com

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The "Global Marine Propeller Market - by Type, Application, Number of Blades, End User, Propulsion, Material, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The market was USD 4.59 billion in 2017 and is estimated to reach USD 5.33 billion by 2023 at a CAGR of 2.52% during the forecast period.

The market is mainly driven by the growth in international seaborne trade, maritime tourism and significant growth in the shipbuilding industry. Increasing production and sales of ships globally and the rising demand for crude oil are other important drivers of the industry.

On the other hand, factors such as volatile prices of raw materials and huge capital investments for setting up new factories are affecting the market growth.

Asia Pacific will have the largest market in global marine propeller which is driven by the demand for new shipbuilding activities, due to which it may witness high CAGR growth. North America, Europe, and Asia Pacific are expected to hold over half of the market share.

Industry Trends and Updates

  • The acquisition of fuel distributor Conquest Oil Company by Oil NRG, the parent company of Propeller Fuels, will boost the UK bunker firm's capability to supply marine distillates across the UK.

Companies Profiled

  • Caterpillar Inc.
  • Changzhou Chonghai Marine Propeller Co. Ltd.
  • Hyundai Heavy Industries Co. Ltd.
  • Kawasaki Heavy Industries Ltd.
  • MAN Diesel & Turbo
  • Mecklenburger Metalguss GmbH
  • Mitsubishi Heavy Industries Ltd.
  • Nakashima propeller Co. Ltd.
  • Rolls Royce plc
  • Schaffran Propeller + Service GmbH
  • Schottel
  • Teignbridge Propellers International Limited
  • Veem Ltd.
  • Wartsila
  • and more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Marine Propeller Market - by Type

6. Global Marine Propeller Market - by Application

7. Global Marine Propeller Market - by Number of Blades

8. Global Marine Propeller Market - by End-User

9. Global Marine Propeller Market - by Propulsion

10. Global Marine Propeller Market - by Material

11. Global Marine Propeller Market - by Region

12. Company Market Share Analysis

13. Company Profiles

14. Industry Structure

15. Global Marine Propeller Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/smq2hm/global_marine?w=4

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Related Topics: Shipbuilding and Ship Parts


Source: Business Wire (November 7, 2018 - 5:46 AM EST)

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