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.
The past years has witnessed the decrease
of global azimuth thrusters due to the shrink of global shipbuilding market. The overcapacity and reduction in offshore demand has influenced the azimuth thrusters a lot. But we can still see the demand of azimuth thrusters in major shipbuilding regions such as Europe, China, Japan and Korea.
Globally, the azimuth thruster industry market is relatively concentrated as the manufacturing technology of azimuth thrusters is relatively high. And some enterprises, like SCHOTTEL Group and Rolls-Royce and Niigata Power Systems etc. are well-known for the wonderful performance of their azimuth thrusters and related services. At the same time, Europe, where most of the leading manufacturers come from the region, is remarkable in the global azimuth thruster industry because of their market share and technology status of azimuth thrusters.
According to this study, over the next five years the Azimuth Thrusters market will register a -1.1% CAGR in terms of revenue, the global market size will reach US$ 490 million by 2026, from US$ 520 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Azimuth Thrusters business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Azimuth Thrusters market by product type, application, key manufacturers and key regions and countries.
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Top key vendors in Azimuth Thrusters Market include are:
Niigata Power Systems
ZF Friedrichshafen AG
Wuxi Ruifeng Marine
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Azimuth Thrusters industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Azimuth Thrusters industry.
A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries.
The report not only offers hard to find facts about the trends and innovation driving the current and future of Azimuth Thrusters business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.
A quick look at the industry trends and opportunities
The researchers find out why sales of Azimuth Thrusters are projected to surge in the coming years. The study covers the trends that will strongly favour the industry during the forecast period, 2018 to 2025. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Azimuth Thrusters industry.
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The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Azimuth Thrusters market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Azimuth Thrusters market.
Region wise performance of the Azimuth Thrusters industry
This report studies the global Azimuth Thrusters market status and forecast, categorizes the global Azimuth Thrusters market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
The study objectives of this report are:
- To analyze and study the global Azimuth Thrusters sales, value, status (2014-2018) and forecast (2019-2026);
- To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
- Focuses on the key Azimuth Thrusters players, to study the sales, value, market share and development plans in future.
- Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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