Azimuth and Tunnel Thrusters Market

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.

Tunnel thrusters are installed in the bow or stern in order to improve docking, slow speed maneuvering, emergency steering and station keeping at zero or slow forward speed.

Azimuth and Tunnel Thrusters Market contains market size and forecasts of Azimuth and Tunnel Thrusters in global, including the following market information:

Global Azimuth and Tunnel Thrusters Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Azimuth and Tunnel Thrusters Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Azimuth and Tunnel Thrusters companies in 2021 (%)

The global Azimuth and Tunnel Thrusters market was valued at 896.7 million in 2021 and is projected to reach US$ 1204.6 million by 2028, at a CAGR of 4.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Azimuth Thrusters Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Azimuth and Tunnel Thrusters include W?rtsil? Corporation, SCHOTTEL Group, Kawasaki, Kongsberg, Berg Propulsion, Brunvoll, IHI, Thrustmaster and Veth Propulsion, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Azimuth and Tunnel Thrusters manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Azimuth and Tunnel Thrusters Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Azimuth and Tunnel Thrusters Market Segment Percentages, by Type, 2021 (%)

Azimuth Thrusters

Tunnel Thrusters

Global Azimuth and Tunnel Thrusters Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Azimuth and Tunnel Thrusters Market Segment Percentages, by Application, 2021 (%)

Oil & Gas Rig

Military Vessels

Ferry (Passenger Ship and RoRo-Passenger Ship)

Cruise Ship

Offshore Vessel

Oil Tanker

Chemical Tanker

LNG Carrier

LPG Carrier

Other

Global Azimuth and Tunnel Thrusters Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Azimuth and Tunnel Thrusters Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Azimuth and Tunnel Thrusters revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Azimuth and Tunnel Thrusters revenues share in global market, 2021 (%)

Key companies Azimuth and Tunnel Thrusters sales in global market, 2017-2022 (Estimated), (Units)

Key companies Azimuth and Tunnel Thrusters sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

W?rtsil? Corporation

SCHOTTEL Group

Kawasaki

Kongsberg

Berg Propulsion

Brunvoll

IHI

Thrustmaster

Veth Propulsion

Steerprop

ZF Friedrichshafen AG

NGC

ABB Marine

Voith Turbo

Jastram

Wuxi Ruifeng Marine

Hydromaster