An azimuth thruster is a configuration of marine propellers placed in pods that can be rotated to any horizontal angle (azimuth), making a rudder unnecessary. These give ships better maneuverability than a fixed propeller and rudder system.
The industry's leading producers are SCHOTTEL Group, Rolls-Royce and IHI, which accounted for 20.31%, 10.90% and 10.43% of revenues in 2019. By region, Europe has the highest share of income, at more than 23%.
Market Analysis and Insights: Global Azimuth Thrusters Market
In 2020, the global Azimuth Thrusters market size was US$ 545.3 million and it is expected to reach US$ 497.5 million by the end of 2027, with a CAGR of -1.3% during 2021-2027.
Global Azimuth Thrusters Scope and Market Size
Azimuth Thrusters market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Azimuth Thrusters market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Azimuth Thrusters market is segmented into
- Less than 1500KW
- 1500KW-3500KW
- More than 3500KW
Segment by Application, the Azimuth Thrusters market is segmented into
- Tugboat
- Offshore Support Vessel
- Ferries and Freighter
- Others
Regional and Country-level Analysis:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Competitive Landscape and Azimuth Thrusters Market Share Analysis
Azimuth Thrusters market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Azimuth Thrusters product introduction, recent developments, Azimuth Thrusters sales by region, type, application and by sales channel.
The major companies include:
- SCHOTTEL Group
- Rolls-Royce
- IHI
- Cat Propulsion
- Brunvoll
- Thrustmaster
- Kawasaki
- Steerprop
- Wartsila Corporation
- ABB Marine
- Voith Turbo
- ZF Friedrichshafen AG
- Veth Propulsion
- NGC
- Jastram
- Wuxi Ruifeng Marine
- Hydromaster
Table of content
1 Study Coverage
1.1 Azimuth Thrusters Product Introduction
1.2 Market by Type
1.2.1 Global Azimuth Thrusters Market Size Growth Rate by Type
1.2.2 Less than 1500KW
1.2.3 1500KW-3500KW
1.2.4 More than 3500KW
1.3 Market by Application
1.3.1 Global Azimuth Thrusters Market Size Growth Rate by Application
1.3.2 Tugboat
1.3.3 Offshore Support Vessel
1.3.4 Ferries and Freighter
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Azimuth Thrusters Market Size Estimates and Forecasts
2.1.1 Global Azimuth Thrusters Revenue 2016-2027
2.1.2 Global Azimuth Thrusters Sales 2016-2027
2.2 Azimuth Thrusters Market Size by Region: 2021 Versus 2027
2.3 Azimuth Thrusters Sales by Region (2016-2027)
2.3.1 Global Azimuth Thrusters Sales by Region: 2016-2021
2.3.2 Global Azimuth Thrusters Sales Forecast by Region (2022-2027)
2.3.3 Global Azimuth Thrusters Sales Market Share by Region (2016-2027)
2.4 Azimuth Thrusters Market Estimates and Projections by Region (2022-2027)
2.4.1 Global Azimuth Thrusters Revenue by Region: 2016-2021
2.4.2 Global Azimuth Thrusters Revenue Forecast by Region (2022-2027)
2.4.3 Global Azimuth Thrusters Revenue Market Share by Region (2016-2027)
3 Global Azimuth Thrusters by Manufacturers
3.1 Global Top Azimuth Thrusters Manufacture
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