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Global Azimuth Thrusters Market Research Report 2025
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 was valued at US$ 485.2 million in 2023 and is anticipated to reach US$ 588.3 million by 2030, witnessing a CAGR of 2.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Azimuth Thrusters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Azimuth Thrusters.
Report Scope
The Azimuth Thrusters market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Azimuth Thrusters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Azimuth Thrusters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Segment by Application
Tugs
Offshore Work Ship
Ferry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Azimuth Thrusters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Azimuth Thrusters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Azimuth Thrusters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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 was valued at US$ 485.2 million in 2023 and is anticipated to reach US$ 588.3 million by 2030, witnessing a CAGR of 2.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Azimuth Thrusters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Azimuth Thrusters.
Report Scope
The Azimuth Thrusters market size, estimations, and forecasts are provided in terms of output/shipments (Unit) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Azimuth Thrusters market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Azimuth Thrusters manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Less than 1500KW
1500KW-3500KW
Morethan 3500KW
Segment by Application
Tugs
Offshore Work Ship
Ferry
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Azimuth Thrusters manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Azimuth Thrusters by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Azimuth Thrusters in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Azimuth Thrusters Market Overview
1.1 Product Definition
1.2 Azimuth Thrusters Segment by Type
1.2.1 Global Azimuth Thrusters Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Less than 1500KW
1.2.3 1500KW-3500KW
1.2.4 Morethan 3500KW
1.3 Azimuth Thrusters Segment by Application
1.3.1 Global Azimuth Thrusters Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Tugs
1.3.3 Offshore Work Ship
1.3.4 Ferry
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Azimuth Thrusters Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Azimuth Thrusters Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Azimuth Thrusters Production Estimates and Forecasts (2019-2030)
1.4.4 Global Azimuth Thrusters Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Azimuth Thrusters Production Market Share by Manufacturers (2019-2024)
2.2 Global Azimuth Thrusters Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Azimuth Thrusters, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Azimuth Thrusters Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Azimuth Thrusters Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Azimuth Thrusters, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Azimuth Thrusters, Product Offered and Application
2.8 Global Key Manufacturers of Azimuth Thrusters, Date of Enter into This Industry
2.9 Azimuth Thrusters Market Competitive Situation and Trends
2.9.1 Azimuth Thrusters Market Concentration Rate
2.9.2 Global 5 and 10 Largest Azimuth Thrusters Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Azimuth Thrusters Production by Region
3.1 Global Azimuth Thrusters Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Azimuth Thrusters Production Value by Region (2019-2030)
3.2.1 Global Azimuth Thrusters Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Azimuth Thrusters by Region (2025-2030)
3.3 Global Azimuth Thrusters Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Azimuth Thrusters Production by Region (2019-2030)
3.4.1 Global Azimuth Thrusters Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Azimuth Thrusters by Region (2025-2030)
3.5 Global Azimuth Thrusters Market Price Analysis by Region (2019-2024)
3.6 Global Azimuth Thrusters Production and Value, Year-over-Year Growth
3.6.1 North America Azimuth Thrusters Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Azimuth Thrusters Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Azimuth Thrusters Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Azimuth Thrusters Production Value Estimates and Forecasts (2019-2030)
4 Azimuth Thrusters Consumption by Region
4.1 Global Azimuth Thrusters Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Azimuth Thrusters Consumption by Region (2019-2030)
4.2.1 Global Azimuth Thrusters Consumption by Region (2019-2024)
4.2.2 Global Azimuth Thrusters Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Azimuth Thrusters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Azimuth Thrusters Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Azimuth Thrusters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Azimuth Thrusters Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Azimuth Thrusters Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Azimuth Thrusters Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Azimuth Thrusters Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Azimuth Thrusters Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Azimuth Thrusters Production by Type (2019-2030)
5.1.1 Global Azimuth Thrusters Production by Type (2019-2024)
5.1.2 Global Azimuth Thrusters Production by Type (2025-2030)
5.1.3 Global Azimuth Thrusters Production Market Share by Type (2019-2030)
5.2 Global Azimuth Thrusters Production Value by Type (2019-2030)
5.2.1 Global Azimuth Thrusters Production Value by Type (2019-2024)
5.2.2 Global Azimuth Thrusters Production Value by Type (2025-2030)
5.2.3 Global Azimuth Thrusters Production Value Market Share by Type (2019-2030)
5.3 Global Azimuth Thrusters Price by Type (2019-2030)
6 Segment by Application
6.1 Global Azimuth Thrusters Production by Application (2019-2030)
6.1.1 Global Azimuth Thrusters Production by Application (2019-2024)
6.1.2 Global Azimuth Thrusters Production by Application (2025-2030)
6.1.3 Global Azimuth Thrusters Production Market Share by Application (2019-2030)
6.2 Global Azimuth Thrusters Production Value by Application (2019-2030)
6.2.1 Global Azimuth Thrusters Production Value by Application (2019-2024)
6.2.2 Global Azimuth Thrusters Production Value by Application (2025-2030)
6.2.3 Global Azimuth Thrusters Production Value Market Share by Application (2019-2030)
6.3 Global Azimuth Thrusters Price by Application (2019-2030)
7 Key Companies Profiled
7.1 SCHOTTEL Group
7.1.1 SCHOTTEL Group Azimuth Thrusters Corporation Information
7.1.2 SCHOTTEL Group Azimuth Thrusters Product Portfolio
7.1.3 SCHOTTEL Group Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.1.4 SCHOTTEL Group Main Business and Markets Served
7.1.5 SCHOTTEL Group Recent Developments/Updates
7.2 Kongsberg
7.2.1 Kongsberg Azimuth Thrusters Corporation Information
7.2.2 Kongsberg Azimuth Thrusters Product Portfolio
7.2.3 Kongsberg Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Kongsberg Main Business and Markets Served
7.2.5 Kongsberg Recent Developments/Updates
7.3 IHI Power Systems Co.,Ltd
7.3.1 IHI Power Systems Co.,Ltd Azimuth Thrusters Corporation Information
7.3.2 IHI Power Systems Co.,Ltd Azimuth Thrusters Product Portfolio
7.3.3 IHI Power Systems Co.,Ltd Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.3.4 IHI Power Systems Co.,Ltd Main Business and Markets Served
7.3.5 IHI Power Systems Co.,Ltd Recent Developments/Updates
7.4 Steerprop
7.4.1 Steerprop Azimuth Thrusters Corporation Information
7.4.2 Steerprop Azimuth Thrusters Product Portfolio
7.4.3 Steerprop Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Steerprop Main Business and Markets Served
7.4.5 Steerprop Recent Developments/Updates
7.5 Brunvoll
7.5.1 Brunvoll Azimuth Thrusters Corporation Information
7.5.2 Brunvoll Azimuth Thrusters Product Portfolio
7.5.3 Brunvoll Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Brunvoll Main Business and Markets Served
7.5.5 Brunvoll Recent Developments/Updates
7.6 Wärtsilä Corporation
7.6.1 Wärtsilä Corporation Azimuth Thrusters Corporation Information
7.6.2 Wärtsilä Corporation Azimuth Thrusters Product Portfolio
7.6.3 Wärtsilä Corporation Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Wärtsilä Corporation Main Business and Markets Served
7.6.5 Wärtsilä Corporation Recent Developments/Updates
7.7 Thrustmaster
7.7.1 Thrustmaster Azimuth Thrusters Corporation Information
7.7.2 Thrustmaster Azimuth Thrusters Product Portfolio
7.7.3 Thrustmaster Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Thrustmaster Main Business and Markets Served
7.7.5 Thrustmaster Recent Developments/Updates
7.8 Kawasaki
7.8.1 Kawasaki Azimuth Thrusters Corporation Information
7.8.2 Kawasaki Azimuth Thrusters Product Portfolio
7.8.3 Kawasaki Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Kawasaki Main Business and Markets Served
7.7.5 Kawasaki Recent Developments/Updates
7.9 Berg Propulsion
7.9.1 Berg Propulsion Azimuth Thrusters Corporation Information
7.9.2 Berg Propulsion Azimuth Thrusters Product Portfolio
7.9.3 Berg Propulsion Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Berg Propulsion Main Business and Markets Served
7.9.5 Berg Propulsion Recent Developments/Updates
7.10 ZF Friedrichshafen AG
7.10.1 ZF Friedrichshafen AG Azimuth Thrusters Corporation Information
7.10.2 ZF Friedrichshafen AG Azimuth Thrusters Product Portfolio
7.10.3 ZF Friedrichshafen AG Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.10.4 ZF Friedrichshafen AG Main Business and Markets Served
7.10.5 ZF Friedrichshafen AG Recent Developments/Updates
7.11 ABB Marine
7.11.1 ABB Marine Azimuth Thrusters Corporation Information
7.11.2 ABB Marine Azimuth Thrusters Product Portfolio
7.11.3 ABB Marine Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.11.4 ABB Marine Main Business and Markets Served
7.11.5 ABB Marine Recent Developments/Updates
7.12 Voith Turbo
7.12.1 Voith Turbo Azimuth Thrusters Corporation Information
7.12.2 Voith Turbo Azimuth Thrusters Product Portfolio
7.12.3 Voith Turbo Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Voith Turbo Main Business and Markets Served
7.12.5 Voith Turbo Recent Developments/Updates
7.13 NGC Gears
7.13.1 NGC Gears Azimuth Thrusters Corporation Information
7.13.2 NGC Gears Azimuth Thrusters Product Portfolio
7.13.3 NGC Gears Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.13.4 NGC Gears Main Business and Markets Served
7.13.5 NGC Gears Recent Developments/Updates
7.14 CSIC
7.14.1 CSIC Azimuth Thrusters Corporation Information
7.14.2 CSIC Azimuth Thrusters Product Portfolio
7.14.3 CSIC Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.14.4 CSIC Main Business and Markets Served
7.14.5 CSIC Recent Developments/Updates
7.15 Wuhan Marine Machinery Plant Co., Ltd
7.15.1 Wuhan Marine Machinery Plant Co., Ltd Azimuth Thrusters Corporation Information
7.15.2 Wuhan Marine Machinery Plant Co., Ltd Azimuth Thrusters Product Portfolio
7.15.3 Wuhan Marine Machinery Plant Co., Ltd Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Wuhan Marine Machinery Plant Co., Ltd Main Business and Markets Served
7.15.5 Wuhan Marine Machinery Plant Co., Ltd Recent Developments/Updates
7.16 Jastram
7.16.1 Jastram Azimuth Thrusters Corporation Information
7.16.2 Jastram Azimuth Thrusters Product Portfolio
7.16.3 Jastram Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Jastram Main Business and Markets Served
7.16.5 Jastram Recent Developments/Updates
7.17 Hangzhou Adcance
7.17.1 Hangzhou Adcance Azimuth Thrusters Corporation Information
7.17.2 Hangzhou Adcance Azimuth Thrusters Product Portfolio
7.17.3 Hangzhou Adcance Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Hangzhou Adcance Main Business and Markets Served
7.17.5 Hangzhou Adcance Recent Developments/Updates
7.18 Thrustleader Marine Power System
7.18.1 Thrustleader Marine Power System Azimuth Thrusters Corporation Information
7.18.2 Thrustleader Marine Power System Azimuth Thrusters Product Portfolio
7.18.3 Thrustleader Marine Power System Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Thrustleader Marine Power System Main Business and Markets Served
7.18.5 Thrustleader Marine Power System Recent Developments/Updates
7.19 Wuxi Ruifeng
7.19.1 Wuxi Ruifeng Azimuth Thrusters Corporation Information
7.19.2 Wuxi Ruifeng Azimuth Thrusters Product Portfolio
7.19.3 Wuxi Ruifeng Azimuth Thrusters Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Wuxi Ruifeng Main Business and Markets Served
7.19.5 Wuxi Ruifeng Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Azimuth Thrusters Industry Chain Analysis
8.2 Azimuth Thrusters Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Azimuth Thrusters Production Mode & Process
8.4 Azimuth Thrusters Sales and Marketing
8.4.1 Azimuth Thrusters Sales Channels
8.4.2 Azimuth Thrusters Distributors
8.5 Azimuth Thrusters Customers
9 Azimuth Thrusters Market Dynamics
9.1 Azimuth Thrusters Industry Trends
9.2 Azimuth Thrusters Market Drivers
9.3 Azimuth Thrusters Market Challenges
9.4 Azimuth Thrusters Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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