The North America Marine Propeller Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030).
A marine propeller is a fan-like rotating structure with a propeller shaft and radiating blades. It serves the purpose of propelling a ship using the power produced by the ship's main engine. Ship movement is achieved through the transfer of thrust the propeller produces through the transmission system. Marine propellers are made from corrosion-resistant materials like aluminum and stainless steel, which can perform efficiently in seawater. The maritime industry is under increasing pressure to reduce its environmental impact and adhere to stringent emissions standards. As a result, shipowners and operators are adopting advanced marine propellers that contribute to fuel efficiency and emission reduction. The quest for sustainability has driven the market toward innovations in design, materials, and propulsion systems that align with environmental regulations, making adopting eco-friendly marine propellers a key trend.
With the high operating expenses of vessel propulsion, fuel efficiency is an important consideration for the maritime sector. Adopting advanced marine propellers, including variable pitch and controllable pitch propellers, allows for optimized performance across various speeds and conditions. Vessels with such propulsion systems experience improved fuel economy, contributing to significant cost savings over the vessel's lifespan. Ongoing advancements in materials and design have played a pivotal role in driving the adoption of marine propellers. The introduction of lightweight yet durable materials, such as composite alloys and carbon fiber, has led to the development of propellers with enhanced strength-to-weight ratios.
The growing interest in recreational boating in Canada leads to increased boat ownership. Canada's diverse geography offers a range of recreational boating activities, including sailing, fishing, watersports, and cruising. Canada's cottage culture and many lakeshore properties contribute to the demand for small boats and personal watercraft. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Marine Propeller Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,313.3 Million by 2030. The Canada market is experiencing a CAGR of 7.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2023 - 2030).
Free Valuable Insights: The Marine Propeller Market is Predict to reach USD 8 Billion by 2030, at a CAGR of 5.3%
Based on Sales Channel, the market is segmented into Aftermarket, and Original Equipment Manufacturer. Based on Material, the market is segmented into Stainless Steel, Aluminum, and Others. Based on Number of Blades, the market is segmented into 4 Blades, 3 Blades, 5 Blades, and Others. Based on Type, the market is segmented into Fixed Pitch Propeller (FPP), Controllable Pitch Propeller (CPP), and Others. Based on Application, the market is segmented into Merchant Ships, Naval Ships, Recreational Boats, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Volvo Group
- Brunswick Corporation
- Kawasaki Heavy Industries, Ltd.
- Hyundai Heavy Industries Co., Ltd.
- MAN Energy Solutions SE (Volswagen Group)
- Nakashima Propeller Co., Ltd. (Nakashima Holdings Co., Ltd.
- Rolls-Royce Plc (Rolls-Royce Holdings Plc)
- Schottel GmbH (Schottel Industrial GmbH)
- VEEM Ltd.
- Wartsila Corporation
North America Marine Propeller Market Report Segmentation
By Sales Channel
- Aftermarket
- Original Equipment Manufacturer
By Material
- Stainless Steel
- Aluminium
- Others
By Number of Blades
- 4 Blades
- 3 Blades
- 5 Blades
- Others
By Type
- Fixed Pitch Propeller (FPP)
- Controllable Pitch Propeller (CPP)
- Others
By Application
- Merchant Ships
- Naval Ships
- Recreational Boats
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Marine Propeller Market, by Sales Channel
1.4.2 North America Marine Propeller Market, by Material
1.4.3 North America Marine Propeller Market, by Number of Blades
1.4.4 North America Marine Propeller Market, by Type
1.4.5 North America Marine Propeller Market, by Application
1.4.6 North America Marine Propeller Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Marine Propeller Market by Sales Channel
4.1 North America Aftermarket Market by Region
4.2 North America Original Equipment Manufacturer Market by Region
Chapter 5. North America Marine Propeller Market by Material
5.1 North America Stainless Steel Market by Country
5.2 North America Aluminum Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Marine Propeller Market by Number of Blades
6.1 North America 4 Blades Market by Country
6.2 North America 3 Blades Market by Country
6.3 North America 5 Blades Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Marine Propeller Market by Type
7.1 North America Fixed Pitch Propeller (FPP) Market by Country
7.2 North America Controllable Pitch Propeller (CPP) Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Marine Propeller Market by Application
8.1 North America Merchant Ships Market by Country
8.2 North America Naval Ships Market by Country
8.3 North America Recreational Boats Market by Country
8.4 North America Others Market by Country
Chapter 9. North America Marine Propeller Market by Country
9.1 US Marine Propeller Market
9.1.1 US Marine Propeller Market by Sales Channel
9.1.2 US Marine Propeller Market by Material
9.1.3 US Marine Propeller Market by Number of Blades
9.1.4 US Marine Propeller Market by Type
9.1.5 US Marine Propeller Market by Application
9.2 Canada Marine Propeller Market
9.2.1 Canada Marine Propeller Market by Sales Channel
9.2.2 Canada Marine Propeller Market by Material
9.2.3 Canada Marine Propeller Market by Number of Blades
9.2.4 Canada Marine Propeller Market by Type
9.2.5 Canada Marine Propeller Market by Application
9.3 Mexico Marine Propeller Market
9.3.1 Mexico Marine Propeller Market by Sales Channel
9.3.2 Mexico Marine Propeller Market by Material
9.3.3 Mexico Marine Propeller Market by Number of Blades
9.3.4 Mexico Marine Propeller Market by Type
9.3.5 Mexico Marine Propeller Market by Application
9.4 Rest of North America Marine Propeller Market
9.4.1 Rest of North America Marine Propeller Market by Sales Channel
9.4.2 Rest of North America Marine Propeller Market by Material
9.4.3 Rest of North America Marine Propeller Market by Number of Blades
9.4.4 Rest of North America Marine Propeller Market by Type
9.4.5 Rest of North America Marine Propeller Market by Application
Chapter 10. Company Profiles
10.1 Volvo Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Brunswick Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Kawasaki Heavy Industries, Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 MAN Energy Solutions SE (Volkswagen Group)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Nakashima Propeller Co., Ltd. (Nakashima Holdings Co., Ltd.)
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Rolls-Royce plc (Rolls-Royce Holdings Plc)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Schottel GmbH (Schottel Industrial GmbH)
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Product Launches and Product Expansions:
10.7.3 SWOT Analysis
10.8 Veem Ltd
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 SWOT Analysis
10.9 Wartsila Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Hyundai Heavy Industries Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis
TABLE 1 North America Marine Propeller Market, 2019 - 2022, USD Million
TABLE 2 North America Marine Propeller Market, 2023 - 2030, USD Million
TABLE 3 North America Marine Propeller Market by Sales Channel, 2019 - 2022, USD Million
TABLE 4 North America Marine Propeller Market by Sales Channel, 2023 - 2030, USD Million
TABLE 5 North America Aftermarket Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Aftermarket Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Original Equipment Manufacturer Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Original Equipment Manufacturer Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Marine Propeller Market by Material, 2019 - 2022, USD Million
TABLE 10 North America Marine Propeller Market by Material, 2023 - 2030, USD Million
TABLE 11 North America Stainless Steel Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Stainless Steel Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Aluminum Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Aluminum Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Marine Propeller Market by Number of Blades, 2019 - 2022, USD Million
TABLE 18 North America Marine Propeller Market by Number of Blades, 2023 - 2030, USD Million
TABLE 19 North America 4 Blades Market by Country, 2019 - 2022, USD Million
TABLE 20 North America 4 Blades Market by Country, 2023 - 2030, USD Million
TABLE 21 North America 3 Blades Market by Country, 2019 - 2022, USD Million
TABLE 22 North America 3 Blades Market by Country, 2023 - 2030, USD Million
TABLE 23 North America 5 Blades Market by Country, 2019 - 2022, USD Million
TABLE 24 North America 5 Blades Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Marine Propeller Market by Type, 2019 - 2022, USD Million
TABLE 28 North America Marine Propeller Market by Type, 2023 - 2030, USD Million
TABLE 29 North America Fixed Pitch Propeller (FPP) Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Fixed Pitch Propeller (FPP) Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Controllable Pitch Propeller (CPP) Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Controllable Pitch Propeller (CPP) Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Marine Propeller Market by Application, 2019 - 2022, USD Million
TABLE 36 North America Marine Propeller Market by Application, 2023 - 2030, USD Million
TABLE 37 North America Merchant Ships Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Merchant Ships Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Naval Ships Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Naval Ships Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Recreational Boats Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Recreational Boats Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Marine Propeller Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Marine Propeller Market by Country, 2023 - 2030, USD Million
TABLE 47 US Marine Propeller Market, 2019 - 2022, USD Million
TABLE 48 US Marine Propeller Market, 2023 - 2030, USD Million
TABLE 49 US Marine Propeller Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 US Marine Propeller Market by Sales Channel, 2023 - 2030, USD Million
TABLE 51 US Marine Propeller Market by Material, 2019 - 2022, USD Million
TABLE 52 US Marine Propeller Market by Material, 2023 - 2030, USD Million
TABLE 53 US Marine Propeller Market by Number of Blades, 2019 - 2022, USD Million
TABLE 54 US Marine Propeller Market by Number of Blades, 2023 - 2030, USD Million
TABLE 55 US Marine Propeller Market by Type, 2019 - 2022, USD Million
TABLE 56 US Marine Propeller Market by Type, 2023 - 2030, USD Million
TABLE 57 US Marine Propeller Market by Application, 2019 - 2022, USD Million
TABLE 58 US Marine Propeller Market by Application, 2023 - 2030, USD Million
TABLE 59 Canada Marine Propeller Market, 2019 - 2022, USD Million
TABLE 60 Canada Marine Propeller Market, 2023 - 2030, USD Million
TABLE 61 Canada Marine Propeller Market by Sales Channel, 2019 - 2022, USD Million
TABLE 62 Canada Marine Propeller Market by Sales Channel, 2023 - 2030, USD Million
TABLE 63 Canada Marine Propeller Market by Material, 2019 - 2022, USD Million
TABLE 64 Canada Marine Propeller Market by Material, 2023 - 2030, USD Million
TABLE 65 Canada Marine Propeller Market by Number of Blades, 2019 - 2022, USD Million
TABLE 66 Canada Marine Propeller Market by Number of Blades, 2023 - 2030, USD Million
TABLE 67 Canada Marine Propeller Market by Type, 2019 - 2022, USD Million
TABLE 68 Canada Marine Propeller Market by Type, 2023 - 2030, USD Million
TABLE 69 Canada Marine Propeller Market by Application, 2019 - 2022, USD Million
TABLE 70 Canada Marine Propeller Market by Application, 2023 - 2030, USD Million
TABLE 71 Mexico Marine Propeller Market, 2019 - 2022, USD Million
TABLE 72 Mexico Marine Propeller Market, 2023 - 2030, USD Million
TABLE 73 Mexico Marine Propeller Market by Sales Channel, 2019 - 2022, USD Million
TABLE 74 Mexico Marine Propeller Market by Sales Channel, 2023 - 2030, USD Million
TABLE 75 Mexico Marine Propeller Market by Material, 2019 - 2022, USD Million
TABLE 76 Mexico Marine Propeller Market by Material, 2023 - 2030, USD Million
TABLE 77 Mexico Marine Propeller Market by Number of Blades, 2019 - 2022, USD Million
TABLE 78 Mexico Marine Propeller Market by Number of Blades, 2023 - 2030, USD Million
TABLE 79 Mexico Marine Propeller Market by Type, 2019 - 2022, USD Million
TABLE 80 Mexico Marine Propeller Market by Type, 2023 - 2030, USD Million
TABLE 81 Mexico Marine Propeller Market by Application, 2019 - 2022, USD Million
TABLE 82 Mexico Marine Propeller Market by Application, 2023 - 2030, USD Million
TABLE 83 Rest of North America Marine Propeller Market, 2019 - 2022, USD Million
TABLE 84 Rest of North America Marine Propeller Market, 2023 - 2030, USD Million
TABLE 85 Rest of North America Marine Propeller Market by Sales Channel, 2019 - 2022, USD Million
TABLE 86 Rest of North America Marine Propeller Market by Sales Channel, 2023 - 2030, USD Million
TABLE 87 Rest of North America Marine Propeller Market by Material, 2019 - 2022, USD Million
TABLE 88 Rest of North America Marine Propeller Market by Material, 2023 - 2030, USD Million
TABLE 89 Rest of North America Marine Propeller Market by Number of Blades, 2019 - 2022, USD Million
TABLE 90 Rest of North America Marine Propeller Market by Number of Blades, 2023 - 2030, USD Million
TABLE 91 Rest of North America Marine Propeller Market by Type, 2019 - 2022, USD Million
TABLE 92 Rest of North America Marine Propeller Market by Type, 2023 - 2030, USD Million
TABLE 93 Rest of North America Marine Propeller Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of North America Marine Propeller Market by Application, 2023 - 2030, USD Million
TABLE 95 key Information – Volvo Group
TABLE 96 Key Information – brunswick corporation
TABLE 97 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 98 Key Information – MAN Energy Solutions SE
TABLE 99 Key Information – NAKASHIMA PROPELLER Co., Ltd.
TABLE 100 Key Information – Rolls-Royce plc
TABLE 101 Key Information – SCHOTTEL GmbH
TABLE 102 Key Information – VEEM Ltd
TABLE 103 Key Information – Wartsila Corporation
TABLE 104 Key Information – Hyundai Heavy Industries co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Marine Propeller Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Marine Propeller Market
FIG 4 Porter’s Five Forces Analysis - Marine Propeller Market
FIG 5 North America Marine Propeller Market share by Sales Channel, 2022
FIG 6 North America Marine Propeller Market share by Sales Channel, 2030
FIG 7 North America Marine Propeller Market by Sales Channel, 2019 - 2030, USD Million
FIG 8 North America Marine Propeller Market share by Material, 2022
FIG 9 North America Marine Propeller Market share by Material, 2030
FIG 10 North America Marine Propeller Market by Material, 2019 - 2030, USD Million
FIG 11 North America Marine Propeller Market share by Number of Blades, 2022
FIG 12 North America Marine Propeller Market share by Number of Blades, 2030
FIG 13 North America Marine Propeller Market by Number of Blades, 2019 - 2030, USD Million
FIG 14 North America Marine Propeller Market share by Type, 2022
FIG 15 North America Marine Propeller Market share by Type, 2030
FIG 16 North America Marine Propeller Market by Type, 2019 - 2030, USD Million
FIG 17 North America Marine Propeller Market share by Application, 2022
FIG 18 North America Marine Propeller Market share by Application, 2030
FIG 19 North America Marine Propeller Market by Application, 2019 - 2030, USD Million
FIG 20 North America Marine Propeller Market share by Country, 2022
FIG 21 North America Marine Propeller Market share by Country, 2030
FIG 22 North America Marine Propeller Market by Country, 2019 - 2030, USD Million
FIG 23 Swot Analysis: Volvo Group
FIG 24 Swot Analysis: Brunswick corporation
FIG 25 Recent strategies and developments: Kawasaki Heavy Industries, Ltd.
FIG 26 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 27 SWOT Analysis: MAN Energy Solutions SE
FIG 28 SWOT Analysis: Nakashima Propeller Co., Ltd.
FIG 29 SWOT Analysis: Rolls-Royce Plc
FIG 30 SWOT Analysis: Schottel Gmbh
FIG 31 SWOT Analysis: Veem Ltd
FIG 32 SWOT Analysis: Wartsila Corporation
FIG 33 SWOT Analysis: Hyundai Heavy Industries Co., Ltd.