Propellers Market Is Predicted to Witness Rapid Growth
Increase in international seaborne trade, rise in commercial aircraft production, and surge in number of shipbuilding projects are the major factors that drive the growth of the Propellers Market. In addition, rise in marine tourism supplements the market growth. However, huge capital investment involved in setting up manufacturing facility and volatile cost of raw materials hinder the market growth. Technological innovations in propulsion engines, rise in R&D activities, and increase in demand from emerging economies are expected to provide potential...
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