| Product Code: ETC6737606 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
China import shipments of azimuth thrusters in 2024 saw top exporting countries such as Germany, Japan, South Korea, USA, and Taiwan, Province of China. Despite this diverse sourcing, the market remained competitive with a low Herfindahl-Hirschman Index concentration. The industry experienced a slight decline with a Compound Annual Growth Rate (CAGR) of -2.49% from 2020 to 2024. However, there was a promising growth rate of 10.21% from 2023 to 2024, indicating potential opportunities for market expansion and development in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Azimuth Thrusters Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Azimuth Thrusters Market Revenues & Volume, 2021 & 2031F |
3.3 China Azimuth Thrusters Market - Industry Life Cycle |
3.4 China Azimuth Thrusters Market - Porter's Five Forces |
3.5 China Azimuth Thrusters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 China Azimuth Thrusters Market Revenues & Volume Share, By Drive System, 2021 & 2031F |
3.7 China Azimuth Thrusters Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 China Azimuth Thrusters Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 China Azimuth Thrusters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for azimuth thrusters in the Chinese maritime industry due to growing maritime trade activities and the need for efficient vessel maneuverability. |
4.2.2 Rising investments in the shipbuilding sector in China, leading to a higher adoption of azimuth thrusters in new vessel constructions. |
4.2.3 Focus on reducing fuel consumption and emissions in the maritime sector, driving the demand for azimuth thrusters known for their energy efficiency and environmental benefits. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with azimuth thruster systems, which may deter some shipowners from adopting this technology. |
4.3.2 Technological complexities and the need for skilled personnel for installation, operation, and maintenance of azimuth thrusters can act as a barrier. |
4.3.3 Potential challenges related to the retrofitting of azimuth thrusters in existing vessels, which may limit the market expansion. |
5 China Azimuth Thrusters Market Trends |
6 China Azimuth Thrusters Market, By Types |
6.1 China Azimuth Thrusters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 China Azimuth Thrusters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 China Azimuth Thrusters Market Revenues & Volume, By Less Than 1500KW, 2021- 2031F |
6.1.4 China Azimuth Thrusters Market Revenues & Volume, By 1500KW-3500KW, 2021- 2031F |
6.1.5 China Azimuth Thrusters Market Revenues & Volume, By More Than 3500KW, 2021- 2031F |
6.2 China Azimuth Thrusters Market, By Drive System |
6.2.1 Overview and Analysis |
6.2.2 China Azimuth Thrusters Market Revenues & Volume, By Electric Drive System, 2021- 2031F |
6.2.3 China Azimuth Thrusters Market Revenues & Volume, By Diesel Drive System, 2021- 2031F |
6.2.4 China Azimuth Thrusters Market Revenues & Volume, By Hydraulic Drive System, 2021- 2031F |
6.3 China Azimuth Thrusters Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 China Azimuth Thrusters Market Revenues & Volume, By Tugboat, 2021- 2031F |
6.3.3 China Azimuth Thrusters Market Revenues & Volume, By Naval Ships, 2021- 2031F |
6.3.4 China Azimuth Thrusters Market Revenues & Volume, By Recreational Boats, 2021- 2031F |
6.3.5 China Azimuth Thrusters Market Revenues & Volume, By Offshore Support Vessel, 2021- 2031F |
6.3.6 China Azimuth Thrusters Market Revenues & Volume, By Ferries and Freighter, 2021- 2031F |
6.3.7 China Azimuth Thrusters Market Revenues & Volume, By Others, 2021- 2031F |
6.4 China Azimuth Thrusters Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 China Azimuth Thrusters Market Revenues & Volume, By OEM, 2021- 2031F |
6.4.3 China Azimuth Thrusters Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 China Azimuth Thrusters Market Import-Export Trade Statistics |
7.1 China Azimuth Thrusters Market Export to Major Countries |
7.2 China Azimuth Thrusters Market Imports from Major Countries |
8 China Azimuth Thrusters Market Key Performance Indicators |
8.1 Average age of vessels in the Chinese maritime industry, indicating the potential demand for azimuth thruster retrofitting in older vessels. |
8.2 Number of new shipbuilding orders in China, reflecting the future installation of azimuth thrusters in newly constructed vessels. |
8.3 Adoption rate of azimuth thrusters in different vessel categories (e.g., container ships, tankers, bulk carriers), providing insights into market penetration and growth opportunities. |
9 China Azimuth Thrusters Market - Opportunity Assessment |
9.1 China Azimuth Thrusters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 China Azimuth Thrusters Market Opportunity Assessment, By Drive System, 2021 & 2031F |
9.3 China Azimuth Thrusters Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 China Azimuth Thrusters Market Opportunity Assessment, By End User, 2021 & 2031F |
10 China Azimuth Thrusters Market - Competitive Landscape |
10.1 China Azimuth Thrusters Market Revenue Share, By Companies, 2024 |
10.2 China Azimuth Thrusters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |