Product Code: ETC4558225 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India marine propeller market import shipment depicted strong growth momentum from 2020 to 2024, with a notable CAGR of 72.5%. Particularly impressive was the growth rate spike between 2023 and 2024, which soared to 451.9%. The market clearly experienced significant expansion, showcasing a robust and upward trend during the period.
The India Marine Propeller market is growing in response to the expanding maritime sector, including commercial shipping, fishing, and naval operations. Marine propellers are integral components for propelling ships and boats efficiently through water. As India seeks to enhance its maritime capabilities, the demand for advanced and high-performance marine propellers is increasing. The market is marked by competition among manufacturers providing diverse propeller solutions to cater to the specific requirements of different vessels and maritime applications.
The India Marine Propeller Market is influenced by the growth of the shipping and shipbuilding industry. Increasing global trade necessitates the construction of more vessels, which, in turn, drives the demand for efficient and eco-friendly propellers. The market is also responding to the need for energy-efficient propulsion systems, reducing fuel consumption and emissions.
In the marine propeller market, challenges arise due to the demand for propellers that provide increased efficiency while minimizing environmental impact. Designing propellers that reduce fuel consumption and emissions without compromising on vessel performance is a constant challenge. Moreover, maintaining propeller integrity in harsh marine conditions and addressing concerns related to noise and vibration remain significant hurdles.
The pandemic led to delays in ship construction and retrofitting projects, affecting the marine propeller market. However, as these projects resume and the maritime industry rebounds, the demand for efficient and eco-friendly propellers is expected to grow.
Leading companies in the India marine propeller market are Rolls-Royce Holdings, W?rtsil? Corporation, Hyundai Heavy Industries Co., Ltd., Kawasaki Heavy Industries, and MAN Energy Solutions.
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 India Marine Propeller Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Marine Propeller Market Revenues & Volume, 2021 & 2031F |
3.3 India Marine Propeller Market - Industry Life Cycle |
3.4 India Marine Propeller Market - Porter's Five Forces |
3.5 India Marine Propeller Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Marine Propeller Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Marine Propeller Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 India Marine Propeller Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 India Marine Propeller Market Revenues & Volume Share, By Number of Blades, 2021 & 2031F |
3.10 India Marine Propeller Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
4 India Marine Propeller Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing shipbuilding activities and investments in the maritime industry in India |
4.2.2 Growth in the shipping industry, including both commercial shipping and naval vessels |
4.2.3 Demand for fuel-efficient and technologically advanced marine propellers |
4.3 Market Restraints |
4.3.1 Environmental regulations and concerns impacting the use of traditional marine propellers |
4.3.2 Fluctuating raw material prices affecting manufacturing costs |
4.3.3 Competition from alternative propulsion technologies such as electric propulsion systems |
5 India Marine Propeller Market Trends |
6 India Marine Propeller Market, By Types |
6.1 India Marine Propeller Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Marine Propeller Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Marine Propeller Market Revenues & Volume, By Propellers, 2021-2031F |
6.1.4 India Marine Propeller Market Revenues & Volume, By Thrusters, 2021-2031F |
6.2 India Marine Propeller Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Marine Propeller Market Revenues & Volume, By Merchant Ships, 2021-2031F |
6.2.3 India Marine Propeller Market Revenues & Volume, By Naval Ships, 2021-2031F |
6.2.4 India Marine Propeller Market Revenues & Volume, By Boats, 2021-2031F |
6.3 India Marine Propeller Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 India Marine Propeller Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.3.3 India Marine Propeller Market Revenues & Volume, By Aluminium, 2021-2031F |
6.3.4 India Marine Propeller Market Revenues & Volume, By Bronze, 2021-2031F |
6.3.5 India Marine Propeller Market Revenues & Volume, By Nickel-Aluminium Bronze, 2021-2031F |
6.4 India Marine Propeller Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 India Marine Propeller Market Revenues & Volume, By OEM, 2021-2031F |
6.4.3 India Marine Propeller Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.5 India Marine Propeller Market, By Number of Blades |
6.5.1 Overview and Analysis |
6.5.2 India Marine Propeller Market Revenues & Volume, By 3-blade, 2021-2031F |
6.5.3 India Marine Propeller Market Revenues & Volume, By 4-blade, 2021-2031F |
6.5.4 India Marine Propeller Market Revenues & Volume, By 5-blade, 2021-2031F |
6.5.5 India Marine Propeller Market Revenues & Volume, By Others, 2021-2031F |
6.6 India Marine Propeller Market, By Propulsion |
6.6.1 Overview and Analysis |
6.6.2 India Marine Propeller Market Revenues & Volume, By Inboard, 2021-2031F |
6.6.3 India Marine Propeller Market Revenues & Volume, By Outboard, 2021-2031F |
6.6.4 India Marine Propeller Market Revenues & Volume, By Sterndrive, 2021-2031F |
6.6.5 India Marine Propeller Market Revenues & Volume, By Others, 2021-2031F |
7 India Marine Propeller Market Import-Export Trade Statistics |
7.1 India Marine Propeller Market Export to Major Countries |
7.2 India Marine Propeller Market Imports from Major Countries |
8 India Marine Propeller Market Key Performance Indicators |
8.1 Adoption rate of advanced propulsion technologies in the Indian maritime industry |
8.2 Number of new shipbuilding projects using marine propellers |
8.3 Investment in research and development for improving marine propeller efficiency and performance |
9 India Marine Propeller Market - Opportunity Assessment |
9.1 India Marine Propeller Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Marine Propeller Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Marine Propeller Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 India Marine Propeller Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 India Marine Propeller Market Opportunity Assessment, By Number of Blades, 2021 & 2031F |
9.6 India Marine Propeller Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
10 India Marine Propeller Market - Competitive Landscape |
10.1 India Marine Propeller Market Revenue Share, By Companies, 2024 |
10.2 India Marine Propeller Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |