The marine propeller market size stood at USD 3.48 billion in 2021. The market is anticipated to rise from USD 3.60 billion in 2022 to USD 5.68 billion by 2029 at 6.76% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report titled, “Marine Propeller Market, 2022-2029.”

According to the analysis, technological advancements and the adoption of fixed propellers in marine propulsion systems will foster the product adoption. With the trend for real-time data tracking in the marine propulsion system, penetration of environment-friendly propulsion systems will bode well for the industry outlook. However, the Russia-Ukraine war could have a notable influence in the ensuing period.

Informational Source:

https://www.fortunebusinessinsights.com/marine-propeller-market-103074

Major Players Profiled in the Report:

• AB Volvo (Sweden)
• Brunswick Corporation (U.S.)
• Kongsberg Gruppen (Norway)
• Mecklenburger Metallguss GmbH (Germany)
• Bruntons Propellers Ltd. (U.K.)
• Hyundai Heavy Industries Co., Ltd. (South Korea)
• Kawasaki Heavy Industries, Ltd. (Japan)
• MAN SE (Germany)
• NAKASHIMA PROPELLER Co., Ltd. (Japan)
• Rolls-Royce plc (U.K.)
• SCHOTTEL Group (Germany)
• Michigan Wheel Holdings LLC (U.S.)
• Wärtsilä Corporation (Finland)