Global Bow and Stern Thrusters Market, By Type (Tunnel Bow and Stern Thrusters, Externally Mounted Bow and Stern Thrusters, Retractable Bow and Stern Thrusters and Water Jet Bow and Stern Thrusters), Application (Boat, Barge, Ship, Yacht, Tugboat and AUVs (Autonomous Underwater Vehicles)), Power Source (Electric and Hydraulic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights Global Bow and Stern Thrusters Market
Bow and stern thrusters market is expected to gain a growth in the forecast period of 2021 to 2028. Data Bridge Market Research report on bow and stern thrusters market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Growth of shipping fleet due to decline in shipping cost through cargo ships and increase in demand for commercial ships has boosted the bow and stern thrusters market.
Bow and stern thrusters guide and direct the equipment of recreational boats, small and large commercial vessels and ships. The bows and sterns of the bow are anchors for the bow and the bow. They help to steer the ship better and are used more often when entering or leaving the harbour or near coastal waters. Bow and stern thrusters are usually of two types, namely electric thrusters or hydraulic thrusters, and both offer a forward or backward propulsion system. These thrusters are integrated with the toy rod control systems and are extremely valuable when leaving or holding a harbour.
Growing overseas travel and tourism as a result of the increased disposable income is the main driving factor for the growth of bow and stern thrusters market. Emerging economies and the shift of logistics activities towards these economies will generate more demand for cargo ships in the market which is also a driving factor for the bow and stern thrusters market. The availability of bow and stern thrusters via e-commerce is also an opportunity for the growth of bow and stern thrusters market.
Huge expenditure incurred in the development of bow and stern thrusters is a challenge for the bow and stern thrusters market. However, high initial cost of a ship is the main restraint for the growth of bow and stern thrusters market during the forecast period of 2021- 2028.
This bow and stern thrusters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research bow and stern thrusters market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In March 2016, Wärtsilä had launched the new Wärtsilä WTT-40 transverse thruster at the Seatrade Cruise Global convention being held in Fort Lauderdale, U.S. This first variant is part of Wärtsilä’s new transverse thruster series and features a 4000 kW power level and a 3.400 mm diameter controllable pitch propeller, neither of which has been open in Wärtsilä’s current product range. While Wärtsilä has designed and built large, up to 5500 kW, transverse thrusters as customized versions, the WTT-40 and others in the WTT range address customer demands for high power transverse thrusters for bow and stern applications. The company has enhanced its offering with this launch.
Bow and Stern Thrusters Market Scope and Market Size
Bow and stern thrusters market is segmented on the basis of type, application and power source. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Bow and stern thrusters market on the basis of type has been segmented as tunnel bow and stern thrusters, externally mounted bow and stern thrusters, retractable bow and stern thrusters and water jet bow and stern thrusters.
- Based on application, the bow and stern thrusters market has been segmented into boat, barge, ship, yacht, tugboat and AUVs (Autonomous Underwater Vehicles).
- On the basis of power source, bow and stern thrusters market has been segmented into electric and hydraulic.
Bow and Stern Thrusters Market Country Level Analysis
Bow and stern thrusters market is analysed and market size, volume information is provided by country, type, application and power source as referenced above.
The countries covered in the bow and stern thrusters market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the bow and stern thrusters market due to the presence of better marine network and freight transport in these regions. Being a manufacturing hub of most of the bow and stern thrusters products, whereas North America will witness its growth rate due to increasing export and import business and passenger traffic in this region.
The country section of the bow and stern thrusters market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bow and Stern Thrusters Market Share Analysis
Bow and stern thrusters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bow and stern thrusters market.
The major players covered in the bow and stern thrusters market report Lewmar Limited, ZF Friedrichshafen AG, Dutch Thruster Group BV, CRAFTED WITH CRAFTSMAN MARINE, Western Marine Electronics, Inc, Holland Marine Parts B.V., ThrustEMS., Lalizas Italia s.r.l., Sleipner Motor AS, SJMATEK(Suzhou) Marine Machine Co., Ltd., Osmotech, Kawasaki Heavy Industries, Ltd., Bosch Rexroth AG, YMV Kreyn ve Makina Sistemleri A.S., Wärtsilä, AnchorLift, VETUS, CMC Marine srl, Florida Bow Thrusters, YMV Crane are among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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