Azimuth Thrusters Market Revenue Expected to Cross 780 million US$ by 2025

This report studies the global Azimuth Thrusters market status and forecast, categorizes the global Azimuth Thrusters market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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.

At present, the manufactures of Azimuth Thrusters are concentrated in Europe and Japan. Europe is the largest production area in the world, which occupied about 72.89% in 2016. The following areas are Japan, China and the USA. The global leading players in this market are Rolls-Royce, SCHOTTEL Group, Niigata Power Systems , Cat Propulsion, Brunvoll, etc.

Despite the presence of competition problems, due to the increasing demand of leading-edge, effective products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.

The global Azimuth Thrusters market is valued at 690 million US$ in 2017 and will reach 780 million US$ by the end of 2025, growing at a CAGR of 1.5% during 2018-2025.

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The major manufacturers covered in this report

    Rolls-Royce

    SCHOTTEL Group

    Niigata Power Systems 

    Cat Propulsion

    Brunvoll

    Kawasaki

    Steerprop

    Wärtsilä Corporation

    ZF Friedrichshafen AG

    ABB Marine 

    Voith Turbo

    NGC

    Masson Marine 

    Hydromaster

    VETH PROPULSION

    Wuxi Ruifeng Marine

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

    North America

    Europe

    China

    Japan

    India

    Southeast Asia

    Other regions (Central & South America, Middle East & Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

    Diesel Engine Azimuth Thrusters

    Electric Azimuth Thrusters

    Others

By Application, the market can be split into

    Tugboat

    Offshore Support Vessel

    Ferries

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