China Controllable Pitch Marine Propeller Market Growth (2022-27)

 

Market Overview:

A CAGR of 5.93% is anticipated to be achieved by the Chinese controllable pitch marine propeller market, which was valued at USD 415.97 million in 2021 and is anticipated to reach USD 607.21 million in 2027. (2022–2027).

As a result of lockdown measures and a suspension of international maritime transportation in 2020, the COVID-19 pandemic hampered the growth of the controllable pitch marine propeller market in China. The demand for ships and other vessels did, however, see an increase in the second half of 2020 as the international logistics activities began to return to normal, which in turn drove the demand for marine propellers.

With that, the global logistics sector is picking up speed, which will increase marine transportation because it is a relatively inexpensive method of shipping packages and goods. The demand for various ships will also increase as a result of the growth in maritime tourism.

Scope of the Report:

When given rotational force, a marine propeller is a device with a rotating hub attached to several blades that generate thrust. The marine propeller with controllable pitch is one of the most sophisticated types because the blades’ pitch can be changed. The amount of thrust generated by the propeller is controlled by the blades’ pitch. A steeper angle of attack results in more propeller thrust.

The number of blades (two and three blades, four blades, and five blades), application (passenger vessels and commercial/cargo vessels), and ship type are the segments used to categorise the Chinese controllable pitch marine propeller market (tug and push boats, ferries, ice breakers, and other ship types). The report offers market size and forecast in USD million for all the above segments.

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