Current Trends and Future Growth of Marine Propeller Market
Global marine propeller market is expected to reach $5,352 million by 2022, growing at a CAGR of 4.3% from 2016 to 2022. Marine propellers operate from the rear side of the ships, and generate the desired thrust to propel the movement across the water bodies.Controllable pitch propeller segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 53% in 2015, and is anticipated to maintain this trend.
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