The global Ship Propeller market size is predicted to grow from US$ 436 million in 2025 to US$ 627 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.
A ship propeller, also known as a marine propeller, is a critical component of a ship’s propulsion system. It converts rotational energy from the engine into thrust, propelling the vessel through water. A pressure difference is produced between the forward and rear surfaces of the airfoil-shaped blade, and water is accelerated behind the blade.
Global key players of Ship Propeller include CSICL, Hyundai Heavy Industries, Nakashima Propeller, Wartsila, MAN Energy Solutions, etc. The top five players hold a share about 59%. Asia-Pacific is the world's largest market for Ship Propeller and holds a share about 83%, followed by Europe and North America, with share about 12% and 4%, separately. In terms of product type, 3-blade Propeller is the largest segment, accounting for a share about 53%. In terms of application, Cargo Vessels is the largest field with a share about 68 percent.
The “Ship Propeller Industry Forecast” looks at past sales and reviews total world Ship Propeller sales in 2024, providing a comprehensive analysis by region and market sector of projected Ship Propeller sales for 2025 through 2031. With Ship Propeller sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ship Propeller industry.
This Insight Report provides a comprehensive analysis of the global Ship Propeller landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ship Propeller portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ship Propeller market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ship Propeller and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ship Propeller.
This report presents a comprehensive overview, market shares, and growth opportunities of Ship Propeller market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
4-blade Propeller
3-blade Propeller
5-blade Propeller
Others
Segmentation by Application:
Cargo Vessels
Ferry
Workboats
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
CSICL
Hyundai Heavy Industries
Nakashima Propeller
Wartsila
MAN Energy Solutions
Veem Limited
Kawasaki Heavy Industries
MMG
Mitsubishi Heavy Industries
Kongsberg
Schottel GmbH
Brunvoll Group
Berg Propulsion
Michigan Wheel
Teignbridge
Baltic Shipyard
Changzhou Zhonghai Propeller
Rolls-Royce
Jiangsu Xinhang Ship Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ship Propeller market?
What factors are driving Ship Propeller market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ship Propeller market opportunities vary by end market size?
How does Ship Propeller break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ship Propeller Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Ship Propeller by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Ship Propeller by Country/Region, 2020, 2024 & 2031
2.2 Ship Propeller Segment by Type
2.2.1 4-blade Propeller
2.2.2 3-blade Propeller
2.2.3 5-blade Propeller
2.2.4 Others
2.3 Ship Propeller Sales by Type
2.3.1 Global Ship Propeller Sales Market Share by Type (2020-2025)
2.3.2 Global Ship Propeller Revenue and Market Share by Type (2020-2025)
2.3.3 Global Ship Propeller Sale Price by Type (2020-2025)
2.4 Ship Propeller Segment by Application
2.4.1 Cargo Vessels
2.4.2 Ferry
2.4.3 Workboats
2.4.4 Others
2.5 Ship Propeller Sales by Application
2.5.1 Global Ship Propeller Sale Market Share by Application (2020-2025)
2.5.2 Global Ship Propeller Revenue and Market Share by Application (2020-2025)
2.5.3 Global Ship Propeller Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Ship Propeller Breakdown Data by Company
3.1.1 Global Ship Propeller Annual Sales by Company (2020-2025)
3.1.2 Global Ship Propeller Sales Market Share by Company (2020-2025)
3.2 Global Ship Propeller Annual Revenue by Company (2020-2025)
3.2.1 Global Ship Propeller Revenue by Company (2020-2025)
3.2.2 Global Ship Propeller Revenue Market Share by Company (2020-2025)
3.3 Global Ship Propeller Sale Price by Company
3.4 Key Manufacturers Ship Propeller Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Ship Propeller Product Location Distribution
3.4.2 Players Ship Propeller Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Ship Propeller by Geographic Region
4.1 World Historic Ship Propeller Market Size by Geographic Region (2020-2025)
4.1.1 Global Ship Propeller Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Ship Propeller Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Ship Propeller Market Size by Country/Region (2020-2025)
4.2.1 Global Ship Propeller Annual Sales by Country/Region (2020-2025)
4.2.2 Global Ship Propeller Annual Revenue by Country/Region (2020-2025)
4.3 Americas Ship Propeller Sales Growth
4.4 APAC Ship Propeller Sales Growth
4.5 Europe Ship Propeller Sales Growth
4.6 Middle East & Africa Ship Propeller Sales Growth
5 Americas
5.1 Americas Ship Propeller Sales by Country
5.1.1 Americas Ship Propeller Sales by Country (2020-2025)
5.1.2 Americas Ship Propeller Revenue by Country (2020-2025)
5.2 Americas Ship Propeller Sales by Type (2020-2025)
5.3 Americas Ship Propeller Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Ship Propeller Sales by Region
6.1.1 APAC Ship Propeller Sales by Region (2020-2025)
6.1.2 APAC Ship Propeller Revenue by Region (2020-2025)
6.2 APAC Ship Propeller Sales by Type (2020-2025)
6.3 APAC Ship Propeller Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Ship Propeller by Country
7.1.1 Europe Ship Propeller Sales by Country (2020-2025)
7.1.2 Europe Ship Propeller Revenue by Country (2020-2025)
7.2 Europe Ship Propeller Sales by Type (2020-2025)
7.3 Europe Ship Propeller Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Ship Propeller by Country
8.1.1 Middle East & Africa Ship Propeller Sales by Country (2020-2025)
8.1.2 Middle East & Africa Ship Propeller Revenue by Country (2020-2025)
8.2 Middle East & Africa Ship Propeller Sales by Type (2020-2025)
8.3 Middle East & Africa Ship Propeller Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Ship Propeller
10.3 Manufacturing Process Analysis of Ship Propeller
10.4 Industry Chain Structure of Ship Propeller
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Ship Propeller Distributors
11.3 Ship Propeller Customer
12 World Forecast Review for Ship Propeller by Geographic Region
12.1 Global Ship Propeller Market Size Forecast by Region
12.1.1 Global Ship Propeller Forecast by Region (2026-2031)
12.1.2 Global Ship Propeller Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Ship Propeller Forecast by Type (2026-2031)
12.7 Global Ship Propeller Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 CSICL
13.1.1 CSICL Company Information
13.1.2 CSICL Ship Propeller Product Portfolios and Specifications
13.1.3 CSICL Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 CSICL Main Business Overview
13.1.5 CSICL Latest Developments
13.2 Hyundai Heavy Industries
13.2.1 Hyundai Heavy Industries Company Information
13.2.2 Hyundai Heavy Industries Ship Propeller Product Portfolios and Specifications
13.2.3 Hyundai Heavy Industries Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Hyundai Heavy Industries Main Business Overview
13.2.5 Hyundai Heavy Industries Latest Developments
13.3 Nakashima Propeller
13.3.1 Nakashima Propeller Company Information
13.3.2 Nakashima Propeller Ship Propeller Product Portfolios and Specifications
13.3.3 Nakashima Propeller Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Nakashima Propeller Main Business Overview
13.3.5 Nakashima Propeller Latest Developments
13.4 Wartsila
13.4.1 Wartsila Company Information
13.4.2 Wartsila Ship Propeller Product Portfolios and Specifications
13.4.3 Wartsila Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Wartsila Main Business Overview
13.4.5 Wartsila Latest Developments
13.5 MAN Energy Solutions
13.5.1 MAN Energy Solutions Company Information
13.5.2 MAN Energy Solutions Ship Propeller Product Portfolios and Specifications
13.5.3 MAN Energy Solutions Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 MAN Energy Solutions Main Business Overview
13.5.5 MAN Energy Solutions Latest Developments
13.6 Veem Limited
13.6.1 Veem Limited Company Information
13.6.2 Veem Limited Ship Propeller Product Portfolios and Specifications
13.6.3 Veem Limited Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Veem Limited Main Business Overview
13.6.5 Veem Limited Latest Developments
13.7 Kawasaki Heavy Industries
13.7.1 Kawasaki Heavy Industries Company Information
13.7.2 Kawasaki Heavy Industries Ship Propeller Product Portfolios and Specifications
13.7.3 Kawasaki Heavy Industries Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Kawasaki Heavy Industries Main Business Overview
13.7.5 Kawasaki Heavy Industries Latest Developments
13.8 MMG
13.8.1 MMG Company Information
13.8.2 MMG Ship Propeller Product Portfolios and Specifications
13.8.3 MMG Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 MMG Main Business Overview
13.8.5 MMG Latest Developments
13.9 Mitsubishi Heavy Industries
13.9.1 Mitsubishi Heavy Industries Company Information
13.9.2 Mitsubishi Heavy Industries Ship Propeller Product Portfolios and Specifications
13.9.3 Mitsubishi Heavy Industries Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Mitsubishi Heavy Industries Main Business Overview
13.9.5 Mitsubishi Heavy Industries Latest Developments
13.10 Kongsberg
13.10.1 Kongsberg Company Information
13.10.2 Kongsberg Ship Propeller Product Portfolios and Specifications
13.10.3 Kongsberg Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Kongsberg Main Business Overview
13.10.5 Kongsberg Latest Developments
13.11 Schottel GmbH
13.11.1 Schottel GmbH Company Information
13.11.2 Schottel GmbH Ship Propeller Product Portfolios and Specifications
13.11.3 Schottel GmbH Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Schottel GmbH Main Business Overview
13.11.5 Schottel GmbH Latest Developments
13.12 Brunvoll Group
13.12.1 Brunvoll Group Company Information
13.12.2 Brunvoll Group Ship Propeller Product Portfolios and Specifications
13.12.3 Brunvoll Group Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Brunvoll Group Main Business Overview
13.12.5 Brunvoll Group Latest Developments
13.13 Berg Propulsion
13.13.1 Berg Propulsion Company Information
13.13.2 Berg Propulsion Ship Propeller Product Portfolios and Specifications
13.13.3 Berg Propulsion Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Berg Propulsion Main Business Overview
13.13.5 Berg Propulsion Latest Developments
13.14 Michigan Wheel
13.14.1 Michigan Wheel Company Information
13.14.2 Michigan Wheel Ship Propeller Product Portfolios and Specifications
13.14.3 Michigan Wheel Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Michigan Wheel Main Business Overview
13.14.5 Michigan Wheel Latest Developments
13.15 Teignbridge
13.15.1 Teignbridge Company Information
13.15.2 Teignbridge Ship Propeller Product Portfolios and Specifications
13.15.3 Teignbridge Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Teignbridge Main Business Overview
13.15.5 Teignbridge Latest Developments
13.16 Baltic Shipyard
13.16.1 Baltic Shipyard Company Information
13.16.2 Baltic Shipyard Ship Propeller Product Portfolios and Specifications
13.16.3 Baltic Shipyard Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Baltic Shipyard Main Business Overview
13.16.5 Baltic Shipyard Latest Developments
13.17 Changzhou Zhonghai Propeller
13.17.1 Changzhou Zhonghai Propeller Company Information
13.17.2 Changzhou Zhonghai Propeller Ship Propeller Product Portfolios and Specifications
13.17.3 Changzhou Zhonghai Propeller Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Changzhou Zhonghai Propeller Main Business Overview
13.17.5 Changzhou Zhonghai Propeller Latest Developments
13.18 Rolls-Royce
13.18.1 Rolls-Royce Company Information
13.18.2 Rolls-Royce Ship Propeller Product Portfolios and Specifications
13.18.3 Rolls-Royce Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Rolls-Royce Main Business Overview
13.18.5 Rolls-Royce Latest Developments
13.19 Jiangsu Xinhang Ship Technology
13.19.1 Jiangsu Xinhang Ship Technology Company Information
13.19.2 Jiangsu Xinhang Ship Technology Ship Propeller Product Portfolios and Specifications
13.19.3 Jiangsu Xinhang Ship Technology Ship Propeller Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Jiangsu Xinhang Ship Technology Main Business Overview
13.19.5 Jiangsu Xinhang Ship Technology Latest Developments
14 Research Findings and Conclusion
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*If Applicable.