Industry and News Marine Propeller Market | Page 2

the fixed pitch propeller involves much of maintenance and upholding as compared to the prior
one.
In addition, a controllable pitch propeller is very popular for its high competency and its blade
bearing arrangement that are prepared to prevent peak pressures and cavitation. The speed of the
ship is determined by the number of blades in propeller. The more the blades in the propeller, the
more will be the speed. Though, the decisions that are made regarding number of blades in the
propeller are largely inclined by the prerequisite to reduce the vibration that takes place inside the
propeller. Prominent factors that are contributing in boosting the share of the market include
progression in the international seaborne trade and rise in the demand for compatible propellers
like hybrid technology.
It has been anticipated that the demand for marine propeller will increase tremendously in the next
couple of years due to its widening scope across the globe. Marine Propeller Market size on the
basis of applications spans defense and merchant ships, naval ships, boats including tug boats,
recreational boats, and submarines. Among all the segments of application, the naval marine
propeller segment is likely to display the highest CAGR, the reason being augmented defense
expenditure of countries entailing China and India.
Marine Propeller Market size on the basis of geography spans North America, Asia Pacific, Europe,
Latin America, and Middle East & Africa. As far as the geography is concerned, Asia Pacific is
currently leading the market and is simultaneously accounting for the largest share in the market,
the reason being production at a large scale and augmented demand from China, is in turn boosting
up the growth of the marine propeller market in the particular region.
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Other than that, the R&D programs and initiatives for developments of technology are also playing a
key role in fueling the growth of the marine propeller market globally. Moreover, activities like
trade liberalization have stimulated the level of demand for exports via container ships that has
ultimately put an optimistic impact on the demand for marine propellers in the particular region. It
is estimated that the region will witness a robust CAGR in the near future. The key players operating