Naval Ship Propeller Market Share

Statistics for the 2023 & 2024 Naval Ship Propeller market share, created by Mordor Intelligence™ Industry Reports. Naval Ship Propeller share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Naval Ship Propeller Industry

The naval ship propeller market is semi-consolidated in nature, with a presence of few players holding significant shares in the market. Kongsberg Gruppen AS, VEEM Ltd, MAN Energy Solutions SE, Mecklenburger Metallguss GmbH, and ANDRITZ AG are some of the prominent players in the market. Acquisitions of local players and companies in the supply chain help the players further strengthen their presence in the market. As the contracts to be gained are for naval ships, many norms and regulatory requirements should be met. Moreover, for new players, the investment costs are expected to be high, as the size and complexity of the propellers for naval ships are far higher compared to those for smaller boats. Investments in R&D, in terms of materials and designs, may help the players in the years to come.

For instance, in March 2023, Kongsberg Maritime and Hyundai Heavy Industries partnered to supply controllable pitch propellers for the Philippine Navy's future offshore patrol vessels. Under the terms of the agreement, Kongsberg will supply a propellor set for each of Hyundai's six new vessels. Each propellor set comes with two Kamewa 86 A/5 D-B waterjet propulsions, as well as operational panels, shat lines, hydraulic power units, and other accessories. Similarly, in January 2021, Naval Group, a defense contractor, created a fully 3D-printed propeller for a French Navy ship. The propeller, which contains a 2.5 m span and five individual 200 kg blades, is reputedly the largest of its kind to be 3D printed and the first to be created using Naval Group's method.

Naval Ship Propeller Market Leaders

  1. Kongsberg Gruppen ASA

  2. MAN Energy Solutions SE

  3. Mecklenburger Metallguss GmbH

  4. ANDRITZ AG

  5. VEEM Ltd

*Disclaimer: Major Players sorted in no particular order

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Naval Ship Propeller Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)