Azimuth Thrusters Market (Updated Version Available)

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.

The global Azimuth Thrusters market was 520 million US$ in 2018 and is expected to 500 million US$ by the end of 2025, growing at a CAGR of -0.5% between 2019 and 2025.


The Azimuth Thrusters market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Azimuth Thrusters.

This report presents the worldwide Azimuth Thrusters market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter\'s Five Forces Analysis.

The following manufacturers are covered in this report:
SCHOTTEL Group
Rolls-Royce
IHI Power Systems Co., Ltd. (IPS).
Cat Propulsion
Brunvoll
Thrustmaster
Kawasaki
Steerprop
Wärtsilä Corporation
ABB Marine
Voith Turbo
ZF Friedrichshafen AG
Veth Propulsion
NGC
Jastram
Wuxi Ruifeng Marine
Hydromaster

Azimuth Thrusters Breakdown Data by Type
Less than 1500KW
1500KW-3500KW
More than 3500KW

Azimuth Thrusters Breakdown Data by Application
Tugboat
Offshore Support Vessel
Ferries and Freighter
Others

Azimuth Thrusters Production by Region
North America
Europe
China
Japan

Azimuth Thrusters Consumption by Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan