A propeller is a propulsion device, which creates relative motion by pushing environmental fluid axially backwards by means of rotating blades mounted in a shaft, which is driven utilizing an engine. A pressure difference is created between forward and rear surfaces of the blades, generating thrust that is transmitted from blades to shafts and finally to the vehicle by means of engine supports. The number of blades in propeller decides the speed of ship or aircraft.

Portland, OR -- (SBWire) -- 10/11/2017 --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 opportunities for market expansion.

The report segments the propellers market on the basis of type, number of blades, application, and geography. Based on type, the market is categorized into fixed pitch propeller, controllable pitch propeller, adjusted bolted propeller, and ducted propeller. According to number of blades, it is classified into three blades, four blades, five blades, and others. By application, it is bifurcated into aerospace and marine. Aerospace segment is further divided into commercial aircrafts and military aircrafts. Marine segment is subsegmented into cargo or container ship, tanker, bulk carrier, offshore vessel, passenger ship, and others. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market focus on key market strategies such as product launch, acquisition, and expansion to strengthen their market reach to maintain their position in the market.

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Comprehensive competitive analysis and profiles of major market players provided in the report are as follows:

Hartzell Propeller Inc.
Hyundai Heavy Industries Co., Ltd.
Man Diesel & Turbo SE
Mecklenburger Metallguss GmbH
Mitsubishi Heavy Industries, Ltd.
Nakashima Propeller Co., Ltd.
Rolls-Royce Holdings Plc
UTC Aerospace Systems
Veem Ltd.
Whirlwind Propellers

Propellers Market Key Segments:

By Type

Fixed Pitch Propeller
Controllable Pitch Propeller
Adjusted Bolted Propeller
Ducted Propeller

By Number of Blades

Three Blades
Four Blades
Five Blades
Others

By Application

Aerospace
Commercial Aircrafts
Military Aircrafts
Marine
Cargo or Container Ship
Tanker
Bulk Carrier
Offshore Vessel
Passenger Ship
Others (Tugs & Service Ships)

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