Kenneth Research has evaluated the current market opportunities in Marine Propeller Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Marine Propeller Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Marine Propeller market is estimated to reach $5.98 Billion by 2025; growing at a CAGR of 2.6% from 2017 to 2025. A marine propeller is a rotating fan like arrangement used to drive the ship using the power generated and transmitted by the main engine of the ship. The transmitted power is converted from rotational motion to generate a thrust which imparts momentum to the water, resulting in a force that acts on the ship and pushes it forward. Growth in international seaborne trade and ongoing global investments by government in shipbuilding industry and inland waterways are the primary factors to drive the growth of the global marine propeller market. Moreover, increasing navy budgets worldwide and technical advancement in marine propulsion system is expected to generate lucrative growth opportunities for the market in the forecast timeframe.
Materail, type, number of plates, propulsion, application, end-user, and geography are the segments of the global marine propeller market. The material segment is sub-segmented into stainless steel, aluminium, bronze, nickel-aluminium bronze, and other materials. By type, the segmentation is given as propellers, thrusters, and other types. 3-blades, 4-blades, 5-blades, and other number of blades are the bifurcation of number of bladess. Propulsion is categorized into inboard, outboard, sterndrive, and other propulsions. Merchat ships, naval ships, recreational boats, and other applications are covered under application segment. Furthermore, OEM and aftermarket is included into end-user segment.
On the basis of geography, global marine propeller market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players include Rolls-Royce plc, MAN Diesel & Turbo, Mitsubishi Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Caterpillar Inc., Hyundai Heavy Industries Co., Ltd., Changzhou Chonghai Marine Propeller Co., Ltd, Mecklenburger Metallguss GmbH, Nakashima Propeller Co., Ltd., and Teignbridge Propellers International Limited, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Marine Propeller Market with respect to major segments such as material, type, number of blades, propulsion, application, end-user and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Marine Propeller Market has been included in the report
Profile of the key players in the Global Marine Propeller Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Marine Propeller Market:
Material Segments
Stainless Steel
Aluminium
Bronze
Nickel-Aluminium Bronze
Other Materials
Type Segments
Propellers
Thrusters
Other Types
Number of Blades Segments
3-Blades
4-Blades
5-Blades
Other Number of Blades
Propulsion Segments
Inboard
Outboard
Sterndrive
Other Propulsions
Application Segments
Merchant Ships
Naval Ships
Recreational Boats
Other Applications
End-User Segments
OEM
Aftermarket
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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