Report Overview
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Marine propellers operate from the rear facet of the ships, and generate the required thrust to propel the movement across the water bodies. The marine propeller market is predicted to witness strong growth throughout the forecast amount as a result of varied current government investments in industry and inland waterways. Ships are integrated with one or quite one propeller, reckoning on their size (gross tonnage). Alloys of metals like nickel, aluminum, bronze, and metal, are wide used for production of propeller owing to their superior properties like high strength and corrosion resistance.
Market Share
The global Marine Propeller Plug market size was estimated at USD 554 million in 2023 and is projected to reach USD 960.08 million by 2032, exhibiting a CAGR of 6.30% during the forecast period.
North America Marine Propeller Plug market size was estimated at USD 160.37 million in 2023, at a CAGR of 5.40% during the forecast period of 2025 through 2032.
Key Company
• eMagin Corporation
• Universal Display Corporation
• AU Optronics Corp • KopIn Corporation
Micron Technology
Himax Technology
LG Display
Market Segmentation
• Propellers
• Thrusters
• Others
By Application
• Merchant Ships
• Naval Ships
• Recreational Boats
• Others
Geographic Segmentation
•North America: USA, Canada, Mexico
•Europe: Germany, UK, France, Russia, Italy, Rest of Europe
•Asia-Pacific: China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
•South America: Brazil, Argentina, Colombia, Rest of South America
•Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
