Global Marine Propeller Market 2024-2030

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    Ships are propelled by propellers, revolving fan-like structures powered by the main engine. Using rotating motion, the transferred power is transformed into a thrust, which imparts momentum to the water and propels the ship ahead. Bernoulli’s principle and Newton’s third law are used to move a ship. When water is propelled in front of the blades, a pressure differential is generated between the front and backward sides of the blades.


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    Corrosion-resistant materials are used in marine propellers because they are used in seawater, which accelerates the corrosion process. For maritime propellers, an alloy of aluminium and stainless steel is utilized as the material. Nickel, aluminium, and bronze alloys, which are 1015 percent lighter than other materials and have better strength, are also popular.


    To build a propeller, a number of blades are attached to the hub or boss by welding or forging in one piece. Forged blades are more dependable and stronger than welded ones, although they are more costly. In order for a marine propeller to revolve through the water with a screw effect, it is made up of sections of helicoidal surfaces working together.




    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 New Yamaha Marine Propeller Facility Reaches Full Capacity The new Yamaha Marine Precision Propeller (YPPI) facility in Greenfield, IN has reached full production capacity Greenfield This would enhance better Technologies and production
    2 Candela launches C-POD electric boat motor Swedish marine tech company Candela is launching the Candela C-POD boat motor. The company claimed that the electric boat motor is “four times more efficient than the best electric outboards.” Global This would help in better presence and social responsibility on increased levels of requirements





    SI no Timeline Company Developments
    1 September 2021 Rolls-Royce Rolls-Royce and Sanlorenzo have been partnered and signed an agreement at the Monaco Yacht show.
    2 August 2021 Yamaha The new Yamaha Marine Precision Propeller(YPPI) facility in Greenfield has reached its full production  capacity this July and the production has increased more than 67%.
    3 January 2021 MZ Electronics  Italian propeller manufacturer Progetto Elica has been acquired by MZ Electronics.



    For propulsion, most boats, regardless of their kind and size, employ ship propellers. “Pushing” or “propelling” a ship forward has been around since ships themselves were invented. When big sails ruled the waves and powered the ship, propellers took over as the most common method of propulsion.


    For surface ships and undersea vehicles, traditional marine propellers are still the most common propulsion system used in the industry today. How we evaluate and analyze propeller performance hasn’t altered much since basic propeller shapes were modified into water jet propulsors and alternate type thrusters on undersea vehicles


    In recent years, countries in the Asia-Pacific area have become major manufacturers of goods. This region has a strong need for container ships due to a rise in exports of products. Asia Pacific is home to the majority of shipbuilding businesses, as well as propeller and propulsion system makers. This growing demand for marine propellers in Asia Pacific can be attributed to the increased demand for maritime transport services and expansion in the shipping sector in the area.


    As a result of the intensity of emissions generated by hazardous gases such as SOx, NOx, and CO2, several environmental rules, policies, and subsidy schemes differ from nation to country.


    In 2005, for example, the International Maritime Organization (UK) published MARPOL Annex VI rules that established NOx emission limitations and enforced the use of fuels with low sulphur content. Ships and boats operating in US seas as well as within 200 nautical miles of the North American coast, which is also known as the North American Emission Control Area, are subject to these regulations (ECA). It’s important to note that marine propulsion systems must meet a variety of standards.





    The Global Marine Propeller Market can be segmented into following categories for further analysis.


    Marine Propeller Market By Boat / Ship Infrastructure Type

    • Large Recreational Boats
    • Small Recreational Boats
    • Military Vessels
    • Underwater Vessels
    • On Water commercial Vessels
    • High End Leisure Vessels
    • Underwater Leisure Vessels
    • Commercial Vessels
    • Tanker Vessels
    • Cargo Vessels


    Marine Propeller Market By Integration / Structure Type

    • Propeller and Shaft Based Structure
    • Thrusters Based Structure


    Marine Propeller Market By Operational Material Type

    • NAB – Nickel Aluminium Bronze
    • Bronze
    • Stainless Steel
    • Aluminium
    • Others


    Marine Propeller Market By Blade Channelling Type

    • 2 Blade Structure
    • 3 blade Structure
    • 4 Blade Structure
    • 5 Blade Structure


    Marine Propeller Market By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region




    SI no Timeline  Company Developments
    1 September 2021 Kawasaki Kawasaki has constructed a carrier with hybrid propulsion system with use gas-only engine and a battery
    2 April 2021 Schottel Schottel Rudder propellers have been equipped in the new trailing suction hopper dredger(TSHD) ”Hegemann V”.
    3 March 2021 Schottel Abeking and Rasmussen ship and yacht shipyard has ordered three new multi-purpose vessels and equipped with a propulsion system.
    4 March 2021 Mercury racing Mercury racing has expanded the pitch range of its Revolution 4XP propeller line and will produce high-performance prop in 15-inch dia and pitches of 26.0, 26.5, 27, 27.5 inches. 
    5 February 2021 Schottel Schottel delivered nine newly built cargo vessels and each carrier is equipped with two rudder propellers from German propulsion experts.
    6 February 2021 Naval Group Naval Groups have manufactured a new generation propeller with metal 3D printing process and it has been mounted on the Tripartite-class minehunter and it is the largest metal 3D printed propeller ever manufactured.
    7 December 2020 Sharrow Marine Sharrow Marine has produced the MX-1 propeller and it will be in sales from next year’s spring.


    Considering the Global marine propeller manufacturing capabilities, it has been seen that the recent propeller manufacturing capabilities have increased with the technological integrations due to the changing climatic requirements and environmental regulations being brought into action. It has taken a performance and efficiency-based line of action towards better outreach in the market.


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    With the present Nickel Aluminium Bronze (NAB) submarine propellers, there are a variety of concerns including vibration and electronic signature, as well as possible excessive weight. One solution to all of these problems is to manufacture the propeller from composite materials, such as carbon fibre, in whole or in part. Even though composite propellers have been tested on the UK trimaran Triton and an RNlN mine hunter, which generally use a mix of composite propeller blades on a NAB hub


    When a bronze propeller is in contact with the steel ship, it forms a corrosion circuit that contributes significantly to a vessel’s electronic signature. By the latest usage of the technology of composite propellers, this susceptibility may be greatly decreased or even eliminated. This could lead to a considerable reduction in the requirement for corrosion protection. Last but not least, a composite construction is frequently lighter than its metal counterpart in metal. This might result in increased draught or loading capacity, as well as reduced bearing loads. This would allow for thicker blade sections, which might result in better cavitation performance.


    The PSS Shaft Seal is the most popular marine mechanical seal in the world, and many of the world’s most prominent boat builders and boatyards use it as standard equipment. The PSS Shaft Seal is also known as the best retrofit seal available on the market.


    Because it removes the maintenance, continuous adjustment, and cost associated with classic packing type glands, boat builders and boatyards recognise the benefits and value of installing the PSS. Aside from these advantages, the PSS Shaft Seal helps to prevent water from entering the bilge (it is 100% waterproof) and propeller shaft deterioration.


    A revolving stainless steel rotor and a stationary carbon stator provide the sealing surface. The carbon stator is coupled to a convoluted rubber bellow, and the back of the bellow is hose clamped to the boat’s shaft log (stern-tube).


    The stainless steel rotor compresses the convoluted bellow during installation. After that, the rotor is attached to the shaft. The bellow’s compression keeps the seal faces in continual contact while correcting for the shaft’s fore-and-aft movement due to the propeller thrust pushing on the engine mounts.


    The carbon stator is slightly larger in diameter than the shaft diameter, allowing it to float around the shaft and compensate for minor misalignment or vibration issues.


    O-rings secure the stainless steel rotor to the shaft. These o-rings rotate with the shaft and rotor during operation and do not wear out. Unlike lip seal designs, which require a clean region for the lip seal to ride on, the PSS Shaft Seal can be installed on shafts that have some wear or pitting. When compared to other sealing choices, this form of carbon face seal is less susceptible to interruptions in water flow or operating in silty water.




    S No Company Name Development
    1 Sharrow Marine For high-performance big diameter hubs on V8, V10, and V12 outboards, Sharrow Marine introduced the all-new Sharrow XO Series propellers. Traditionally designed propellers have limited outboard horsepower between 350 and 600, which is the target market for the Sharrow XO. 
    2 Suzuki Suzuki Launched a New Line of Marine Propellers. Suzuki has announced that their 4-stroke outboards will be available with a custom line of performance propellers. “Water Grip” will be the name of the new range.
    3 VEEM Ltd HC Series Marine Propeller was launched by VEEM Ltd. The HC series, also known as the High Camber series, is a hybrid semi/super cavitating propeller series developed by VEEM using the most recent advances in CFD technology.


    Sharrow Marine provides propellers for the majority of outboard manufacturers and available horsepower, regardless of the type of boat—sport centre console or performance boat.


    By providing clients with the speed, efficiency, and enhanced enjoyment they desire on the water, the Sharrow XO will completely change their boating experience. Sharrow propellers are said to provide improved low-speed handling and docking, a quieter ride, and a thirty percent longer cruise range. 


    The boat will plane at a lower rpm, according to the manufacturer, and its propellers are up to 30% more fuel efficient between 2,500 and 4,000 rpm.With the Sharrow Marine difference, boaters can enjoy propellers that have more than 600 horsepower, setting a new benchmark for the industry.


    With a 120-day lead time, the Yamaha 350, 425, and 450 horsepower versions can be equipped with the Sharrow XO. Reservations for the Mercury Marine V10 and V12 outboard propellers are now being accepted at Sharrow.


    Propellers that rotate in the opposite direction will convert engine output into thrust more efficiently. Suzuki‘s new DF325A and flagship DF350A models will come equipped with their proprietary Watergrip Dual propellers.


    This will increase performance and stability.Improved slippage and impact protection for the outboard are two benefits of the new replaceable brush system for the regular Water Grip propellers.


    Also, a specialised press fitting machine is not necessary for the simple replacement of the new bush system when necessary.While this is going on, improving steering stability is the main goal of the third addition, the Water Grip Sport.


    Several well-known Sport Yacht and Sport Fishing brands have already put VEEM‘s new HC series propellers through a rigorous consumer test period.Initial design assumptions have not only been exceeded by the sea trial results and feedback, but also the secondary features attributes like operational smoothness, fuel efficiency, manoeuvrability, and acceleration have strongly received positive feedback.


    With the development of this technology, the “speed barrier” for effective submerged propeller use has been pushed up to and past 50 knots, a point at which conventional propellers are either thrust breakdown-prone or work well at high speeds but lose efficiency at low and cruise speeds.




    SI no Timeline Company Sales
    1 Q3-2021 Brunswick Corporation The third quarter net sales is about $1.42 billion and in 2020 the net sales were about $1.23 billion.
    2 Q2-2021 Kawasaki Heavy Industries At the end of the second quarter in September, the net sales was ¥325.4 billion and in the previous quarter the net sales were ¥355.6 billion.
    3 H1-2021 Rolls Royce The half year underlying revenue ended in August was €5.2 billion and in 2020 the underlying revenue was €5.4 billion.


    Global Marine propeller Market has been focusing upon the environmental protection that is currently one of the absolute top criteria in numerous countries around the world. Legal limitations, as well as rising public awareness, result in a growing interest on the part of watercraft owners in electric propulsion systems characterized by increasingly stringent “zero-emission” levels.


    MAN Diesel and Turbo has recently brought into innovation and integration the possible technology to adhere to both the environmental regulations and propulsion-based emission reduction into the market technological implementations.


    It has brought upon the Fixed Pitch Propeller solution optimised propulsion efficiency, suppressed propeller noise and the robust reliability inherent with the design. It has been modified in a manner to production of  high-efficient aft ship integration options with rudder, rudder bulb, ducts etc.


    Kawasaki has recently introduced the Controllable Pitch Propeller Design into complete effect. It has integrated this technology into the Hybrid Propulsion System developed as a product of efficient solution programs.


    When it comes to Kawasaki’s Hybrid Propulsion System, it’s a highly integrated propulsion system bundled with appealing Kawasaki marine machinery items such as engines, propellers, and more. Aside from that, the system’s motor generator, inverter, and energy storage module (ESM) are capable of converting propulsion and electric power in the opposite direction.



    1. How many Marine Propeller are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Marine Propeller and key vendor selection criteria
    3. Where is the Marine Propeller manufactured? What is the average margin per unit?
    4. Market share of Global Marine Propeller market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Marine Propeller in-house
    6. key predictions for next 5 years in Global Marine Propeller market
    7. Average B-2-B Marine Propeller market price in all segments
    8. Latest trends in Marine Propeller market, by every market segment
    9. The market size (both volume and value) of the Marine Propeller market in 2024-2030 and every year in between?
    10. Production breakup of Marine Propeller market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2024
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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