Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), 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: ETC076443 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Marine Propellers Market is anticipated to gain strong growth projections in the coming years. Asia Pacific region has emerged to be the largest market for the manufacturing and selling of marine propellers. Export of goods through the sea is predominant in this region and it is said to increase for the next few years. This will in turn increase the demand for shipbuilding which will be the major driver for marine propellers. There is an increasing demand for commercial ships in the western region. Due to the cheap labor and spare parts cost for manufacturing marine propellers in the Asia Pacific region, there is an increase in the orders, this is the recent drivers to the Asia Pacific market. Shipbuilding is also increasing in the Asia Pacific region, due to which the demand for spare parts like marine propellers will also increasing in this region. The raw material to make marine propellers is also cheap in Asia pacific region. As many predominant trade routes are through the Asia Pacific region, there will be a definite increase in the growth of the marine propellers industry. The COVID-19 situation in 2020 has impacted the marine propellers market. The major market share for manufacturing marine propellers is in China, as they were under lockdown during the period, the demand for shipbuilding and marine propellers has increased. This caused disruptions in global trade.
According to 6Wresearch, the Asia Pacific (APAC) Marine Propellers Market size is anticipated to register growth during 2021-2027. The major countries that manufacture marine propellers in the Asia Pacific region are China and Japan. They constitute the major market share in this region. In China, they manufacture 6 blade propeller for high power and efficiency. They are mainly used in cargo and military ships. They also manufacture 3 and 2 blade propellers for small scale boats and yachts, but that constitute only 10 per cent of the total manufacturing of marine propellers. They also manufacture controllable pitch marine propeller to obtain high efficiency while sailing. This controllable pitch marine propeller is mainly used in 3 and 4 blade propellers. Cosco shipping has the highest market share in China of around 73%. The revenue has been increasing over the years, but the pandemic situation caused a dip in its total operating profit and revenue of around 7%. Japan has the second-highest market share in marine propellers manufacturing. Nippon Yushin Kausiki is the second largest company in the Asia Pacific. They mainly manufacture 2 and 3 blade propellers for small fishing boats and trawler. Their case is similar to Cosco, they have also seen a dip in revenue and they incurred a loss in Q3 of FY2021.
The marine propellers market in Asia Pacific region can be classified into several blades and types of pitch. Under the number of blades, 5 and 6 blade engines are predominantly manufactured in Asia pacific region especially in China. Almost all the propellers are controllable pitch type for easy usability. Cosco in China is under research and development to produce electric type marine propellors. This will save a lot of fuel cost, but there will be a tradeoff in power. Electric propellers can be used in fishing boats and trawler but in a cargo ship, it's a doubtful situation.
The Asia Pacific Marine propellers Market report thoroughly covers the market by marine propellers type, applications, and countries including China, Japan and India The Asia Pacific marine propellers market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific 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:
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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 Asia Pacific Marine Propellers Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Marine Propellers Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Marine Propellers Market - Industry Life Cycle |
3.4 Asia Pacific Marine Propellers Market - Porter's Five Forces |
3.5 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.8 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Number of Blades, 2020 & 2027F |
3.9 Asia Pacific Marine Propellers Market Revenues & Volume Share, By End User, 2020 & 2027F |
3.10 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Propulsion, 2020 & 2027F |
3.11 Asia Pacific Marine Propellers Market Revenues & Volume Share, By Material, 2020 & 2027F |
4 Asia Pacific Marine Propellers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Marine Propellers Market Trends |
6 Asia Pacific Marine Propellers Market, 2017 - 2027 |
6.1 Asia Pacific Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Asia Pacific Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
6.3 Asia Pacific Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
6.4 Asia Pacific Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
6.5 Asia Pacific Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
6.6 Asia Pacific Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
7 China Marine Propellers Market, 2017 - 2027 |
7.1 China Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 China Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
7.3 China Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
7.4 China Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
7.5 China Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
7.6 China Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
8 India Marine Propellers Market, 2017 - 2027 |
8.1 India Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 India Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
8.3 India Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
8.4 India Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
8.5 India Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
8.6 India Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
9 Japan Marine Propellers Market, 2017 - 2027 |
9.1 Japan Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Japan Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
9.3 Japan Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
9.4 Japan Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
9.5 Japan Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
9.6 Japan Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
10 Australia Marine Propellers Market, 2017 - 2027 |
10.1 Australia Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Australia Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
10.3 Australia Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
10.4 Australia Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
10.5 Australia Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
10.6 Australia Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
11 Indonesia Marine Propellers Market, 2017 - 2027 |
11.1 Indonesia Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
11.2 Indonesia Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
11.3 Indonesia Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
11.4 Indonesia Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
11.5 Indonesia Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
11.6 Indonesia Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
12 Philippines Marine Propellers Market, 2017 - 2027 |
12.1 Philippines Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
12.2 Philippines Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
12.3 Philippines Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
12.4 Philippines Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
12.5 Philippines Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
12.6 Philippines Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
13 Malaysia Marine Propellers Market, 2017 - 2027 |
13.1 Malaysia Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
13.2 Malaysia Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
13.3 Malaysia Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
13.4 Malaysia Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
13.5 Malaysia Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
13.6 Malaysia Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
14 Rest of Asia Marine Propellers Market, 2017 - 2027 |
14.1 Rest of Asia Marine Propellers Market, Revenues & Volume, By Type, 2017 - 2027 |
14.2 Rest of Asia Marine Propellers Market, Revenues & Volume, By Application, 2017 - 2027 |
14.3 Rest of Asia Marine Propellers Market, Revenues & Volume, By Number of Blades, 2017 - 2027 |
14.4 Rest of Asia Marine Propellers Market, Revenues & Volume, By End User, 2017 - 2027 |
14.5 Rest of Asia Marine Propellers Market, Revenues & Volume, By Propulsion, 2017 - 2027 |
14.6 Rest of Asia Marine Propellers Market, Revenues & Volume, By Material, 2017 - 2027 |
11 Asia Pacific Marine Propellers Market Key Performance Indicators |
12 Asia Pacific Marine Propellers Market - Opportunity Assessment |
12.1 Asia Pacific Marine Propellers Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Marine Propellers Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Asia Pacific Marine Propellers Market Opportunity Assessment, By Application, 2020 & 2027F |
12.4 Asia Pacific Marine Propellers Market Opportunity Assessment, By Number of Blades, 2020 & 2027F |
12.5 Asia Pacific Marine Propellers Market Opportunity Assessment, By End User, 2020 & 2027F |
12.6 Asia Pacific Marine Propellers Market Opportunity Assessment, By Propulsion, 2020 & 2027F |
12.7 Asia Pacific Marine Propellers Market Opportunity Assessment, By Material, 2020 & 2027F |
13 Asia Pacific Marine Propellers Market - Competitive Landscape |
13.1 Asia Pacific Marine Propellers Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Marine Propellers Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |