LONDON, Oct. 17, 2016 /PRNewswire/ -- "Marine Propeller Market projected to grow at a CAGR of 10.07%"
The marine propeller market is estimated to be valued USD 4.61 billion by the end of 2015 and is projected grow USD 5.06 billion by 2020 at a CAGR of 1.88%.
Growth in international seaborne trade – The GDP growth in the recent years, the demand for maritime transport services and seaborne trade volumes continue to increase through the global economic growth and the need to carry merchandise trade. The demand for various types of ships, including tankers, bulk carriers and container ships is expected to remain high during the forecast period.
"Fixed Pitch Propeller are expected to grow the fastest in the marine propeller market"
The FP propeller guarantees maximum efficiency and minimum noise and vibration levels thanks to tailor-made designs using the latest available technology. The CUNIAL material used provides excellent casting, machining, and fatigue properties. An additional advantage is the ease of reparability.
"APAC region hold a dominant market share in the Marine Propeller Market"
APAC is estimated to account for a significant share in the marine propeller market in 2015. Large-scale production and demand in China is projected to continue to influence the share of these countries in the marine propeller market over the projected period. Asia-Pacific will be the fastest growing regions of the global container market.
Break-up of profiles of primary participants in the marine propeller market:
By Company Type - Tier 1 – 35 %, Tier 2 – 45% and Tier 3 – 20%
By Designation – C level – 35%, Director level – 25%, others – 40%
By Region – North America - 30%, Europe – 20%, APAC – 40%, Row – %
In this report, the marine propeller market is segmented into FPP & CPP propellers. The upcoming opportunities in the marine propeller markets are:
Technological innovations in marine propulsion systems- Over the past decade, the technology in the marine propulsion systems has undergone rapid advancements to deliver more efficient output in terms of reducing diesel consumption and other non-renewable sources of energy. Hence, the innovation of hybrid power marine engines and propulsion systems has resolved the problem of high fuel consumption.
"List of Companies in Global Marine Propeller Market"
- Hyundai Heavy Electricals Co. Ltd
- Wartsila Oyj ABP
- Rolls-Royce Holdings Plc
- Mitsubishi Heavy industries ltd
- MAN SE Corporation
- Caterpillar Inc.
- Schottel Group
- VEEM Ltd
- Schaffran Propeller
- Nakashima Propeller Co. Ltd
- Mecklenburger Metallguss GMBH
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porter's Five Forces analysis), market share analysis of top players, supply-chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the parachute market, high-growth regions and countries and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on marine propeller equipment offered by top 10 players in the marine propeller market
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the marine propeller market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for marine propellers across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the mark
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