Market Forecast by Countries (United States, Canada), By Type (Propellers, Thrusters, Others), By Application (Merchant Ships, Naval Ships, Recreational Boats, Others), By Number of Blades (3-blade, 4-blade, 5-blade, Others), By End User (OEM, Aftermarket), By Propulsion (Inboard, Outboard, Sterndrive, Others), By Material (Stainless Steel, Aluminium, Bronze, Nickel-Aluminium Bronze, Others) And Competitive Landscape
Product Code: ETC075398 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Marine Propellers Market has been increasing over the years. Their main growth drivers are their huge investment in research and development to manufacturing high efficient low cost with ecofriendly marine propellers. The trade in North America region has been increasing significantly and said to increase in the forecasted years, this might increase the demand for shipbuilding which will, in turn, increase the demand for marine propellers. There has been a significant increase in the investment towards the development of electric propellers by various organizations. The main restraints to the market are the safety standards, they should manufacture marine propellers with extreme safety standards which will increase the cost of production and will eat um in the profits. As many companies manufacture marine propellers in North America region, the competition is high and some organizations indulge in illegal activities to increase their profits. North America especially the USA has seen a decline in the growth of marine propellers in FY2020 and FY2021.
According to 6Wresearch, North America Marine Propellers Market size is anticipated to register growth during 2021-2027. In North America region, the USA has the highest market share for Marine Propellers Market for around 70%. The major manufacturers in the USA are Volvo boat propellers and Mercury boat propellers. Volvo mainly concentrates on the premium boat segment and they also produce propellers for passenger ships. Thye focuses on the safety and durability of the propellers. They invest a large chunk of money from their profits towards the development of marine propellers with high safety and ecofriendly. On the other hand, Mercury propellers mainly manufacture propellers for military and large cargo ships. They mainly use 6 blade propeller with a movable shaft for easy usability. Canada is the second-largest manufacturer of marine propellers in North America region. They mainly manufacture fishing boats which high durability to pass through cold weather conditions.
The Marine Propellers Market in North America region can be classified into several blades and types of pitch. Under the number of blades, 5 and 6 blade engines are predominantly manufactured specially in the USA. Almost all the propellers are controllable pitch type for easy usability. Canada manufactures 3 blade propellers for fishing and commercial boats.
North America Marine Propellers Market report thoroughly covers the market by marine propellers type, applications, and countries including USA and Canada. North America Marine Propellers Market outlook report provides an unbiased and detailed analysis of the ongoing North America Marine Propellers Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments:
Other Key Reports Available:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Marine Propellers Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Marine Propellers Market Revenues & Volume, 2020 & 2027F |
3.3 North America Marine Propellers Market - Industry Life Cycle |
3.4 North America Marine Propellers Market - Porter's Five Forces |
3.5 North America Marine Propellers Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Marine Propellers Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 North America Marine Propellers Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 North America Marine Propellers Market Revenues & Volume Share, By Number of Blades, 2020 & 2027F |
3.9 North America Marine Propellers Market Revenues & Volume Share, By End User, 2020 & 2027F |
3.10 North America Marine Propellers Market Revenues & Volume Share, By Propulsion, 2020 & 2027F |
3.11 North America Marine Propellers Market Revenues & Volume Share, By Material, 2020 & 2027F |
4 North America Marine Propellers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Marine Propellers Market Trends |
6 North America Marine Propellers Market, 2017 - 2027 |
6.1 North America Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 North America Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 North America Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
6.4 North America Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
6.5 North America Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
6.6 North America Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
7 United States Marine Propellers Market, 2017 - 2027 |
7.1 United States Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 United States Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 United States Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
7.4 United States Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
7.5 United States Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
7.6 United States Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
8 Canada Marine Propellers Market, 2017 - 2027 |
8.1 Canada Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Canada Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 Canada Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
8.4 Canada Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
8.5 Canada Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
8.6 Canada Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
9 North America Marine Propellers Market Key Performance Indicators |
10 North America Marine Propellers Market - Opportunity Assessment |
10.1 North America Marine Propellers Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Marine Propellers Market Opportunity Assessment, By Type, 2020 & 2027F |
10.3 North America Marine Propellers Market Opportunity Assessment, By Application, 2020 & 2027F |
10.4 North America Marine Propellers Market Opportunity Assessment, By Number of Blades, 2020 & 2027F |
10.5 North America Marine Propellers Market Opportunity Assessment, By End User, 2020 & 2027F |
10.6 North America Marine Propellers Market Opportunity Assessment, By Propulsion, 2020 & 2027F |
10.7 North America Marine Propellers Market Opportunity Assessment, By Material, 2020 & 2027F |
11 North America Marine Propellers Market - Competitive Landscape |
11.1 North America Marine Propellers Market Revenue Share, By Companies, 2020 |
11.2 North America Marine Propellers Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |