In this report, the Global Azimuth Thrusters market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Azimuth Thrusters market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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 2019, the global Azimuth Thrusters market size was US$ 571.4 million and it is expected to reach US$ 504.1 million by the end of 2026, with a CAGR of -1.3% during 2021-2026.
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 2015-2026.
Segment by Type, the Azimuth Thrusters market is segmented into
Less than 1500KW
More than 3500KW
Segment by Application, the Azimuth Thrusters market is segmented into
Offshore Support Vessel
Ferries and Freighter
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
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 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. 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:
ZF Friedrichshafen AG
Wuxi Ruifeng Marine
Reasons to Buy This Research Report
- Complete access to Global Azimuth Thrusters market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Azimuth Thrusters markets including North America, Europe, MEA and Asia Pacific
- Global Azimuth Thrusters Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Azimuth Thrusters market segmentation
- Key trends, drivers and restraints for global Global Azimuth Thrusters market
- Challenges to market growth for Global Azimuth Thrusters manufacturers
- Key market opportunities of Global Azimuth Thrusters Industry
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