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Azimuth Thrusters-Global Market Insights and Sales Trends 2025

Azimuth Thrusters-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1816184

No of Pages : 112

Synopsis
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 global Azimuth Thrusters market size is expected to reach US$ 588.3 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Azimuth Thrusters in various end use industries. The expanding demands from the Tugs, Offshore Work Ship, Ferry and Others, are propelling Azimuth Thrusters market. Less than 1500KW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1500KW-3500KW segment is estimated at % CAGR for the next seven-year period.
Global core azimuth thrusters Manufacturing Equipment manufacturers include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd etc.The top 5 companies hold a share about 55%.China is the largest market, with a share about 32%, followed by Europe and US with the share about 13% and 12%.In terms of product, 1500KW-3500KW is the largest segment, with a share over 50%. And in terms of application, the largest application is offshore work ship.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Azimuth Thrusters, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Azimuth Thrusters market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Azimuth Thrusters market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Azimuth Thrusters sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Azimuth Thrusters covered in this report include SCHOTTEL Group, Kongsberg, IHI Power Systems Co.,Ltd, Steerprop, Brunvoll, Wärtsilä Corporation, Thrustmaster, Kawasaki and Berg Propulsion, etc.
The global Azimuth Thrusters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SCHOTTEL Group
Kongsberg
IHI Power Systems Co.,Ltd
Steerprop
Brunvoll
Wärtsilä Corporation
Thrustmaster
Kawasaki
Berg Propulsion
ZF Friedrichshafen AG
ABB Marine
Voith Turbo
NGC Gears
CSIC
Wuhan Marine Machinery Plant Co., Ltd
Jastram
Hangzhou Adcance
Thrustleader Marine Power System
Wuxi Ruifeng
Global Azimuth Thrusters market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Azimuth Thrusters market, Segment by Type:
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Global Azimuth Thrusters market, by Application
Tugs
Offshore Work Ship
Ferry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Azimuth Thrusters manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Azimuth Thrusters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Azimuth Thrusters Market Overview
1.1 Azimuth Thrusters Product Overview
1.2 Azimuth Thrusters Market Segment by Type
1.2.1 Less than 1500KW
1.2.2 1500KW-3500KW
1.2.3 Morethan 3500KW
1.3 Global Azimuth Thrusters Market Size by Type
1.3.1 Global Azimuth Thrusters Market Size Overview by Type (2018-2029)
1.3.2 Global Azimuth Thrusters Historic Market Size Review by Type (2018-2023)
1.3.3 Global Azimuth Thrusters Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Azimuth Thrusters Sales Breakdown by Type (2018-2023)
1.4.2 Europe Azimuth Thrusters Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Azimuth Thrusters Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Azimuth Thrusters Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Azimuth Thrusters Sales Breakdown by Type (2018-2023)
2 Global Azimuth Thrusters Market Competition by Company
2.1 Global Top Players by Azimuth Thrusters Sales (2018-2023)
2.2 Global Top Players by Azimuth Thrusters Revenue (2018-2023)
2.3 Global Top Players by Azimuth Thrusters Price (2018-2023)
2.4 Global Top Manufacturers Azimuth Thrusters Manufacturing Base Distribution, Sales Area, Product Type
2.5 Azimuth Thrusters Market Competitive Situation and Trends
2.5.1 Azimuth Thrusters Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Azimuth Thrusters Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Azimuth Thrusters as of 2022)
2.7 Date of Key Manufacturers Enter into Azimuth Thrusters Market
2.8 Key Manufacturers Azimuth Thrusters Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Azimuth Thrusters Status and Outlook by Region
3.1 Global Azimuth Thrusters Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Azimuth Thrusters Historic Market Size by Region
3.2.1 Global Azimuth Thrusters Sales in Volume by Region (2018-2023)
3.2.2 Global Azimuth Thrusters Sales in Value by Region (2018-2023)
3.2.3 Global Azimuth Thrusters Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Azimuth Thrusters Forecasted Market Size by Region
3.3.1 Global Azimuth Thrusters Sales in Volume by Region (2024-2029)
3.3.2 Global Azimuth Thrusters Sales in Value by Region (2024-2029)
3.3.3 Global Azimuth Thrusters Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Azimuth Thrusters by Application
4.1 Azimuth Thrusters Market Segment by Application
4.1.1 Tugs
4.1.2 Offshore Work Ship
4.1.3 Ferry
4.1.4 Others
4.2 Global Azimuth Thrusters Market Size by Application
4.2.1 Global Azimuth Thrusters Market Size Overview by Application (2018-2029)
4.2.2 Global Azimuth Thrusters Historic Market Size Review by Application (2018-2023)
4.2.3 Global Azimuth Thrusters Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Azimuth Thrusters Sales Breakdown by Application (2018-2023)
4.3.2 Europe Azimuth Thrusters Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Azimuth Thrusters Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Azimuth Thrusters Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Azimuth Thrusters Sales Breakdown by Application (2018-2023)
5 North America Azimuth Thrusters by Country
5.1 North America Azimuth Thrusters Historic Market Size by Country
5.1.1 North America Azimuth Thrusters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Azimuth Thrusters Sales in Volume by Country (2018-2023)
5.1.3 North America Azimuth Thrusters Sales in Value by Country (2018-2023)
5.2 North America Azimuth Thrusters Forecasted Market Size by Country
5.2.1 North America Azimuth Thrusters Sales in Volume by Country (2024-2029)
5.2.2 North America Azimuth Thrusters Sales in Value by Country (2024-2029)
6 Europe Azimuth Thrusters by Country
6.1 Europe Azimuth Thrusters Historic Market Size by Country
6.1.1 Europe Azimuth Thrusters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Azimuth Thrusters Sales in Volume by Country (2018-2023)
6.1.3 Europe Azimuth Thrusters Sales in Value by Country (2018-2023)
6.2 Europe Azimuth Thrusters Forecasted Market Size by Country
6.2.1 Europe Azimuth Thrusters Sales in Volume by Country (2024-2029)
6.2.2 Europe Azimuth Thrusters Sales in Value by Country (2024-2029)
7 Asia-Pacific Azimuth Thrusters by Region
7.1 Asia-Pacific Azimuth Thrusters Historic Market Size by Region
7.1.1 Asia-Pacific Azimuth Thrusters Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Azimuth Thrusters Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Azimuth Thrusters Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Azimuth Thrusters Forecasted Market Size by Region
7.2.1 Asia-Pacific Azimuth Thrusters Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Azimuth Thrusters Sales in Value by Region (2024-2029)
8 Latin America Azimuth Thrusters by Country
8.1 Latin America Azimuth Thrusters Historic Market Size by Country
8.1.1 Latin America Azimuth Thrusters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Azimuth Thrusters Sales in Volume by Country (2018-2023)
8.1.3 Latin America Azimuth Thrusters Sales in Value by Country (2018-2023)
8.2 Latin America Azimuth Thrusters Forecasted Market Size by Country
8.2.1 Latin America Azimuth Thrusters Sales in Volume by Country (2024-2029)
8.2.2 Latin America Azimuth Thrusters Sales in Value by Country (2024-2029)
9 Middle East and Africa Azimuth Thrusters by Country
9.1 Middle East and Africa Azimuth Thrusters Historic Market Size by Country
9.1.1 Middle East and Africa Azimuth Thrusters Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Azimuth Thrusters Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Azimuth Thrusters Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Azimuth Thrusters Forecasted Market Size by Country
9.2.1 Middle East and Africa Azimuth Thrusters Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Azimuth Thrusters Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 SCHOTTEL Group
10.1.1 SCHOTTEL Group Company Information
10.1.2 SCHOTTEL Group Introduction and Business Overview
10.1.3 SCHOTTEL Group Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.1.4 SCHOTTEL Group Azimuth Thrusters Products Offered
10.1.5 SCHOTTEL Group Recent Development
10.2 Kongsberg
10.2.1 Kongsberg Company Information
10.2.2 Kongsberg Introduction and Business Overview
10.2.3 Kongsberg Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kongsberg Azimuth Thrusters Products Offered
10.2.5 Kongsberg Recent Development
10.3 IHI Power Systems Co.,Ltd
10.3.1 IHI Power Systems Co.,Ltd Company Information
10.3.2 IHI Power Systems Co.,Ltd Introduction and Business Overview
10.3.3 IHI Power Systems Co.,Ltd Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.3.4 IHI Power Systems Co.,Ltd Azimuth Thrusters Products Offered
10.3.5 IHI Power Systems Co.,Ltd Recent Development
10.4 Steerprop
10.4.1 Steerprop Company Information
10.4.2 Steerprop Introduction and Business Overview
10.4.3 Steerprop Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Steerprop Azimuth Thrusters Products Offered
10.4.5 Steerprop Recent Development
10.5 Brunvoll
10.5.1 Brunvoll Company Information
10.5.2 Brunvoll Introduction and Business Overview
10.5.3 Brunvoll Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Brunvoll Azimuth Thrusters Products Offered
10.5.5 Brunvoll Recent Development
10.6 Wärtsilä Corporation
10.6.1 Wärtsilä Corporation Company Information
10.6.2 Wärtsilä Corporation Introduction and Business Overview
10.6.3 Wärtsilä Corporation Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Wärtsilä Corporation Azimuth Thrusters Products Offered
10.6.5 Wärtsilä Corporation Recent Development
10.7 Thrustmaster
10.7.1 Thrustmaster Company Information
10.7.2 Thrustmaster Introduction and Business Overview
10.7.3 Thrustmaster Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Thrustmaster Azimuth Thrusters Products Offered
10.7.5 Thrustmaster Recent Development
10.8 Kawasaki
10.8.1 Kawasaki Company Information
10.8.2 Kawasaki Introduction and Business Overview
10.8.3 Kawasaki Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kawasaki Azimuth Thrusters Products Offered
10.8.5 Kawasaki Recent Development
10.9 Berg Propulsion
10.9.1 Berg Propulsion Company Information
10.9.2 Berg Propulsion Introduction and Business Overview
10.9.3 Berg Propulsion Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Berg Propulsion Azimuth Thrusters Products Offered
10.9.5 Berg Propulsion Recent Development
10.10 ZF Friedrichshafen AG
10.10.1 ZF Friedrichshafen AG Company Information
10.10.2 ZF Friedrichshafen AG Introduction and Business Overview
10.10.3 ZF Friedrichshafen AG Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.10.4 ZF Friedrichshafen AG Azimuth Thrusters Products Offered
10.10.5 ZF Friedrichshafen AG Recent Development
10.11 ABB Marine
10.11.1 ABB Marine Company Information
10.11.2 ABB Marine Introduction and Business Overview
10.11.3 ABB Marine Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.11.4 ABB Marine Azimuth Thrusters Products Offered
10.11.5 ABB Marine Recent Development
10.12 Voith Turbo
10.12.1 Voith Turbo Company Information
10.12.2 Voith Turbo Introduction and Business Overview
10.12.3 Voith Turbo Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Voith Turbo Azimuth Thrusters Products Offered
10.12.5 Voith Turbo Recent Development
10.13 NGC Gears
10.13.1 NGC Gears Company Information
10.13.2 NGC Gears Introduction and Business Overview
10.13.3 NGC Gears Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.13.4 NGC Gears Azimuth Thrusters Products Offered
10.13.5 NGC Gears Recent Development
10.14 CSIC
10.14.1 CSIC Company Information
10.14.2 CSIC Introduction and Business Overview
10.14.3 CSIC Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.14.4 CSIC Azimuth Thrusters Products Offered
10.14.5 CSIC Recent Development
10.15 Wuhan Marine Machinery Plant Co., Ltd
10.15.1 Wuhan Marine Machinery Plant Co., Ltd Company Information
10.15.2 Wuhan Marine Machinery Plant Co., Ltd Introduction and Business Overview
10.15.3 Wuhan Marine Machinery Plant Co., Ltd Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Wuhan Marine Machinery Plant Co., Ltd Azimuth Thrusters Products Offered
10.15.5 Wuhan Marine Machinery Plant Co., Ltd Recent Development
10.16 Jastram
10.16.1 Jastram Company Information
10.16.2 Jastram Introduction and Business Overview
10.16.3 Jastram Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Jastram Azimuth Thrusters Products Offered
10.16.5 Jastram Recent Development
10.17 Hangzhou Adcance
10.17.1 Hangzhou Adcance Company Information
10.17.2 Hangzhou Adcance Introduction and Business Overview
10.17.3 Hangzhou Adcance Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Hangzhou Adcance Azimuth Thrusters Products Offered
10.17.5 Hangzhou Adcance Recent Development
10.18 Thrustleader Marine Power System
10.18.1 Thrustleader Marine Power System Company Information
10.18.2 Thrustleader Marine Power System Introduction and Business Overview
10.18.3 Thrustleader Marine Power System Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Thrustleader Marine Power System Azimuth Thrusters Products Offered
10.18.5 Thrustleader Marine Power System Recent Development
10.19 Wuxi Ruifeng
10.19.1 Wuxi Ruifeng Company Information
10.19.2 Wuxi Ruifeng Introduction and Business Overview
10.19.3 Wuxi Ruifeng Azimuth Thrusters Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Wuxi Ruifeng Azimuth Thrusters Products Offered
10.19.5 Wuxi Ruifeng Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Azimuth Thrusters Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Azimuth Thrusters Industrial Chain Analysis
11.4 Azimuth Thrusters Market Dynamics
11.4.1 Azimuth Thrusters Industry Trends
11.4.2 Azimuth Thrusters Market Drivers
11.4.3 Azimuth Thrusters Market Challenges
11.4.4 Azimuth Thrusters Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Azimuth Thrusters Distributors
12.3 Azimuth Thrusters Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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