Rise in commercial aircraft production and surge in number of shipbuilding projects are the major factors that drive the growth of the propellers market.
PORTLAND, OREGON, UNITED STATES, March 16, 2022 /
EINPresswire.com/ -- Increase in international seaborne trade, rise in commercial aircraft production, and surge in number of shipbuilding projects are the major factors that drive the growth of the
propellers market. In addition, rise in marine tourism supplements the market growth. However, huge capital investment involved in setting up manufacturing facility and volatile cost of raw materials hinder the market growth. Technological innovations in propulsion engines, rise in R&D activities, and increase in demand from emerging economies are expected to provide potential opportunities for market expansion.
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The report segments the propellers market on the basis of type, number of blades, application, and geography. Based on type, the market is categorized into fixed pitch propeller, controllable pitch propeller, adjusted bolted propeller, and ducted propeller. According to number of blades, it is classified into three blades, four blades, five blades, and others. By application, it is bifurcated into aerospace and marine. Aerospace segment is further divided into commercial aircrafts and military aircrafts. Marine segment is subsegmented into cargo or container ship, tanker, bulk carrier, offshore vessel, passenger ship, and others. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market focus on key market strategies such as product launch, acquisition, and expansion to strengthen their market reach to maintain their position in the market.
Comprehensive competitive analysis and profiles of major market players provided in the report are as follows:
Hartzell Propeller Inc.
Hyundai Heavy Industries Co., Ltd.
Man Diesel & Turbo SE
Mecklenburger Metallguss GmbH
Mitsubishi Heavy Industries, Ltd.
Nakashima Propeller Co., Ltd.
Rolls-Royce Holdings Plc
UTC Aerospace Systems
Veem Ltd.
Whirlwind Propellers
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Propellers Market Key Segments:
By Type
Fixed Pitch Propeller
Controllable Pitch Propeller
Adjusted Bolted Propeller
Ducted Propeller
By Number of Blades
Three Blades
Four Blades
Five Blades
Others
By Application
Aerospace
Marine
By Geography
North America
Europe
Asia-Pacific
LAMEA
Key Benefits
This report provides a quantitative analysis of the current trends and estimations from 2022 to 2029 of the global propellers market to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
Key players and their key developments in the recent years are listed.
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