Los Angeles, CA -- (SBWire) -- 04/13/2019 --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 past years has witnessed the decrease of global azimuth thrusters due to the shrink of global shipbuilding market. The overcapacity and reduction in offshore demand has influenced the azimuth thrusters a lot. But we can still see the demand of azimuth thrusters in major shipbuilding regions such as Europe, China, Japan and Korea.
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Globally, the azimuth thruster industry market is relatively concentrated as the manufacturing technology of azimuth thrusters is relatively high. And some enterprises, like SCHOTTEL Group and Rolls-Royce and Niigata Power Systems etc. are well-known for the wonderful performance of their azimuth thrusters and related services. At the same time, Europe, where most of the leading manufacturers come from the region, is remarkable in the global azimuth thruster industry because of their market share and technology status of azimuth thrusters.
The global Azimuth Thrusters market was 520 million US$ in 2018 and is expected to 500 million US$ by the end of 2025, growing at a CAGR of -0.5% between 2019 and 2025.
This report studies the Azimuth Thrusters market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Azimuth Thrusters in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
SCHOTTEL Group
Rolls-Royce
Niigata Power Systems
Cat Propulsion
Brunvoll
Thrustmaster
Kawasaki
Steerprop
Wärtsilä Corporation
ABB Marine
Voith Turbo
ZF Friedrichshafen AG
Veth Propulsion
NGC
Jastram
Wuxi Ruifeng Marine
Hydromaster
By the product type, the market is primarily split into:
Less than 1500KW
1500KW-3500KW
More than 3500KW
By the end users/application, this report covers the following segments:
Tugboat
Offshore Support Vessel
Ferries and Freighter
Others
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Azimuth Thrusters Market Value Chain Analysis, Growth, Region Wise Analysis of Top Players, Driver, Existing Trends 2025