Key Emerging Trends in Marine Propeller Market — Global Forecast to 2022 - PowerPoint PPT Presentation

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Key Emerging Trends in Marine Propeller Market — Global Forecast to 2022

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The marine propeller market size 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. – PowerPoint PPT presentation

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Title: Key Emerging Trends in Marine Propeller Market — Global Forecast to 2022


1
The 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. Factors influencing the
growth of the marine propeller market include
growth in international seaborne trade, the
rise in demand for recreational boats, and
growth in maritime tourism. The marine
propeller market is led by a few major players
that have a wide regional presence and
established brand images. Leading players in the
marine propeller market include Caterpillar
(US), Hyundai Heavy Industries (South Korea), MAN
SE (Germany), Rolls-Royce (UK), and Wartsila
(Finland). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id125429993 The marine propeller market in
Europe is projected to grow at the highest CAGR
from 2017 to 2022. The growth of the
shipbuilding industry in Europe is one of the
most significant factors contributing to the
increased demand for marine propellers in this
region. In addition, increasing investments in
the defense sector and restructuring efforts
undertaken by ship manufacturing companies are
additional factors driving the growth of the
marine propeller market in Europe. Germany, the
UK, Italy, and Norway are key countries
considered for market analysis in the European
region. Based on application, the merchant ships
segment of the marine propeller market is
projected to grow at the highest CAGR from 2017
to 2022. Merchant ships are primarily used for
commercial transportation. The merchant ships
segment has been further categorized into cargo
ships and passenger ships. Increase in trading
activities and growth in maritime tourism has
led to the growing demand for cargo ships and
passenger ships, worldwide, which, in turn, is
driving the demand for marine propellers. Based
on number of blades, the 5-blade segment is
expected to grow at the highest CAGR during the
forecast period. 5-blade propellers offer
improved propulsion efficiency and have less
vibration as compared to 4-blade propellers. The
growth of the 5-blade
2
segment is primarily driven by the increasing use
of 5-blade propellers with outboard, sterndrive,
and inboard engines. Based on material, the
nickel-aluminum bronze segment of the marine
propeller market is projected to grow at the
highest CAGR during the forecast period. Nickel-
aluminum bronze alloy is one of the key materials
used for the development of marine propellers.
This alloy contains up to 7 iron, 6-13
aluminum, and 7 nickel. Nickel is added to
bronze-aluminum alloy for corrosion protection.
Advantages associated with the use of
nickel-aluminum bronze material include improved
propeller efficiency and design, resistance to
notch sensitivity, low maintenance, and reduced
propeller costs. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id125429993 About MarketsandMarkets Mar
ketsandMarkets provides quantified B2B research
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research platform, "Knowledgestore" connects
over 200,000 markets and entire value chains for
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markets. Contact Mr. Sanjay Gupta
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441 Emai
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