Marine Propeller Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Marine Propellers Market Manufacturers and is segmented by Propeller Type (Fixed Pitch Propeller, Controllable Pitch Propeller and Others), by Number of Blade (3 Blade, 4 Blade, 5 Blade, Others), by Application (Passenger Vessels and Commercial/Cargo Vessels) and by Geography.

Marine Propeller Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Marine Propeller Market Size

Marine Propeller Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Marine Propeller Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Marine Propeller Market Analysis

The Marine Propeller Market is expected to register a CAGR of greater than 6% during the forecast period.

  • With growing international seaborne trade, new shipbuilding and repair market, and increasing maritime tourism are some of the primary factors that are driving the market growth.
  • Additionally, with growing technology and innovations in marine industry, the advent of highly advanced and energy- efficient marine propulsion system has resulted in maximum output with minimum fuel consumption. Thus, the design, material and operating efficiency have been the major aspect areas where the buyers have been majorly concerned about.
  • Asia-Pacific continues to lead the market owing to its high shipbuilding and seaborne trade activities, especially in the regions of China and South Korea.

However, fluctuations in government policies, regulations and subsidies from region to region are likely to influence the global marine industry growth, which would eventually impact the marine propeller market during the forecast period.

Marine Propeller Industry Overview

Some of the major players in the marine propeller market, includes Mecklenburger Metallguss GmbH (MMG), Wärtsilä Oyj Abp, MAN Energy Solutions, Hyundai Heavy Industries Co., Ltd, SCHOTTEL amongst others.

Marine Propeller Market Leaders

  1. Mecklenburger Metallguss GmbH (MMG)

  2. Wärtsilä Oyj Abp

  3. MAN Energy Solutions

  4. Hyundai Heavy Industries Co., Ltd

  5. SCHOTTEL

  6. *Disclaimer: Major Players sorted in no particular order
Mecklenburger Metallguss GmbH (MMG), Wärtsilä Oyj Abp, MAN Energy Solutions, Hyundai Heavy Industries Co., Ltd, SCHOTTEL
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Marine Propeller Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force's Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Propeller Type
    • 5.1.1 Fixed Pitch Propeller
    • 5.1.2 Controllable Pitch Propeller
    • 5.1.3 Others
  • 5.2 By Number of Blades
    • 5.2.1 3 Blades
    • 5.2.2 4 Blades
    • 5.2.3 5 Blades
    • 5.2.4 Others
  • 5.3 By Application
    • 5.3.1 Passenger Vessels
    • 5.3.2 Commercial/Cargo Vessels
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia Pacific
    • 5.4.4 South America
    • 5.4.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share**
  • 6.2 Company Profiles*
    • 6.2.1 Kongsberg Gruppen
    • 6.2.2 Wartsila Oyj Abp
    • 6.2.3 MAN Energy Solutions
    • 6.2.4 Hyundai Heavy Industries Co., Ltd
    • 6.2.5 Mitsubishi Heavy Industries Ltd
    • 6.2.6 Schottel
    • 6.2.7 Mecklenburger Metallguss GmbH
    • 6.2.8 Veem LTD.
    • 6.2.9 Schaffran Propeller + Service GmbH
    • 6.2.10 Nakashima Propeller Co., Ltd.
    • 6.2.11 Brunswick Corporation (Mercury Marine)
    • 6.2.12 Kawasaki Heavy Industries, Ltd
    • 6.2.13 Changzhou Chonghai Marine Propeller Co.,Ltd
    • 6.2.14 Teignbridge Propellers International Limited

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Marine Propeller Industry Segmentation

A marine propeller contains rotating blades and produce thrust through these rotating blades. It is made up of sections of helicoidal surfaces acting together to rotate through the water with a screw effect. The number of blades in propeller decides the speed of ship. The more the blades present in the propeller the more is the speed. However, the decisions concerning number of blades in the marine propeller are influenced to a great extent by the need to minimize the vibration caused in the propeller.

The marine propeller market study has been segmented by Propeller Type, by Number of Blade, by Application and Geography.

By Propeller Type Fixed Pitch Propeller
Controllable Pitch Propeller
Others
By Number of Blades 3 Blades
4 Blades
5 Blades
Others
By Application Passenger Vessels
Commercial/Cargo Vessels
Geography North America
Europe
Asia Pacific
South America
Middle East & Africa
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Marine Propeller Market Research FAQs

What is the current Marine Propeller Market size?

The Marine Propeller Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Marine Propeller Market?

Mecklenburger Metallguss GmbH (MMG), Wärtsilä Oyj Abp, MAN Energy Solutions, Hyundai Heavy Industries Co., Ltd and SCHOTTEL are the major companies operating in the Marine Propeller Market.

Which is the fastest growing region in Marine Propeller Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Marine Propeller Market?

In 2025, the Asia Pacific accounts for the largest market share in Marine Propeller Market.

What years does this Marine Propeller Market cover?

The report covers the Marine Propeller Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Marine Propeller Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Marine Propeller Industry Report

Statistics for the 2025 Marine Propeller market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Marine Propeller analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Marine Propeller Market Report Snapshots