Marine Propeller market is estimated to be USD 4.73 billion in 2017 and is projected to reach USD 5.37 billion by 2022, at a CAGR of 2.56%from 2017 to 2022.
Marine propeller in Europe is expected to witness the highest growth from 2017 to 2022. Russia, France, the UK, Turkey, Norway, Italy, and Germany are key countries considered for market analysis in the European region.
The presence of leading market players, such as Michigan Marine Propulsion International (UK), Bruntons Propellers (UK), and CJR Propulsion (UK),in this region has contributed to the growth of the marine propeller market in Europe.Inquire For Complete Report Copy of Marine Propeller Market by Type (Propellers, Thrusters), Application (Merchant Ships, Naval Ships, Boats), Material (Stainless Steel, Aluminium, Bronze, Nickel-Aluminium Bronze), End User, Propulsion, Number of Blades, Region - Global Forecast to 2022 www.rnrmarketresearch.com/contacts/368687
Based on type, the propellers segment is estimated to lead the marine propeller market in 2017.Propellersare an essential component of naval vessels, as they generate adequate thrust to propel the vessel. They are made of different alloys.
The selection of propeller type and number of blades are dependent on the type of ship, wherein these systems are installed.
Based on application, the merchant ships segment is estimated to lead the marine propeller market in 2017. The demand for merchant ships to transport commodities worldwide is driving the growth of the merchant ships segment.
According to the International Chamber of Shipping (ICS), there are over 50,000 merchant ships that transport cargos, internationally.
Target Audience Include Marine Propeller Market Report:
- Manufacturers of Marine Propellers
- Component Manufacturers of Marine Propellers
- Government and Certification Bodies
“Marine Propeller Market” spread across 176 pages, profiling 12 companies and supported with 140 tables and 55 figures is now available at www.rnrmarketresearch.com/contacts/?rname=368687
Top Companies Analyzed for Marine Propeller Market are – Rolls-Royce (UK), Wartsila (Finland), Hyundai Heavy Industries (South Korea), MAN SE (Germany), and Caterpillar (US).
Fundamental Key Point from Table of Content:
Ecosystem of the Marine Propeller Market
Fuel Efficient Propulsion Systems
Innovations & Patent Registrations
Regulatory Bodies Across Various Regions
Marine Propeller Market, By Type
Fixed Pitch Propeller (FPP)
Controllable Pitch Propeller (CPP)
Marine Propeller Market, By Material
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