In recent research by Transparency Market Research, entitled ‘Global Report on Marine Propeller Market’, it was revealed that the demand for the marine propeller market has been growing substantially, and is expected to witness a double-digit Compound Annual Growth Rate (CAGR) during the forecasted period 2015 – 2022.
The report provides a complete study of current trends in the market, industry growth drivers and restraints, providing marketing projections for the forecasted period of 2015 to 2022, which creators, Transparency Market Research states will help businesses within the marine propeller industry to make informed decisions with complete insight into their market and market segments.
The new report segments the global marine propeller market on the basis of propeller type, application, material and geography, covering five major regions; namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, in order to provide insight into the future of the market for interested stakeholders.
The report identifies Asia Pacific to be one of the leading regions in the global marine propeller systems market with large-scale production and considerable demand from countries such as China stimulating the growth of the marine propeller market in the region. Furthermore, it suggests that R&D programs and initiatives for advancements of technology are adding to the growth of the marine propeller market across the globe.
It identifies Hyundai Heavy Industries Co. Ltd (South Korea), Rolls-Royce Holdings (U.K.), Mitsubishi Heavy Industries, Ltd. (Japan), Man Se Corporation (Germany), and Caterpillar Inc. (U.S), among others as the key players in the global marine propeller market.
For more information, or to purchase the full report, visit Transparency Market Research.
Find propeller and propulsion specialists in your location.
Add your propulsion business to Yachtingpages.com with a free business listing.