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.
The past years has witnessed the decrease of global azimuth thrusters due to the shrink of global shipbuilding market. The overcapacity and reduction in offshore demand has influenced the azimuth thrusters a lot. But we can still see the demand of azimuth thrusters in major shipbuilding regions such as Europe, China, Japan and Korea.

Globally, the azimuth thruster industry market is relatively concentrated as the manufacturing technology of azimuth thrusters is relatively high. And some enterprises, like SCHOTTEL Group and Rolls-Royce and Niigata Power Systems etc. are well-known for the wonderful performance of their azimuth thrusters and related services. At the same time, Europe, where most of the leading manufacturers come from the region, is remarkable in the global azimuth thruster industry because of their market share and technology status of azimuth thrusters.

The global Azimuth Thrusters market was 520 million US$ in 2018 and is expected to 500 million US$ by the end of 2028, growing at a CAGR of -0.5% between 2019 and 2025.


The Azimuth Thrusters Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Azimuth Thrusters industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Azimuth Thrusters by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Azimuth Thrusters market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Azimuth Thrusters market for 2015-2027.

Key Companies
SCHOTTEL Group
Rolls-Royce
IHI Power Systems Co., Ltd. (IPS).
Cat Propulsion
Brunvoll
Thrustmaster
Kawasaki
Steerprop
Wärtsilä Corporation
ABB Marine
Voith Turbo
ZF Friedrichshafen AG
Veth Propulsion
NGC
Jastram
Wuxi Ruifeng Marine
Hydromaster

Azimuth Thrusters Market by Type
Less than 1500KW
1500KW-3500KW
More than 3500KW

Azimuth Thrusters Market by Application
Tugboat
Offshore Support Vessel
Ferries and Freighter

At the same time, we classify Azimuth Thrusters according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Azimuth Thrusters market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Azimuth Thrusters market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Azimuth Thrusters market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Azimuth Thrusters market for the forecast period 2021 - 2027?
• What are the driving forces in the Azimuth Thrusters market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Azimuth Thrusters industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

For any other requirements, please feel free to contact us and we will provide you customized report.

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