Global Azimuth and Tunnel Thrusters Market Research Report 2023

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Azimuth Thrusters, Tunnel Thrusters in the Global Azimuth and Tunnel Thrusters Market:

The Global Azimuth and Tunnel Thrusters Market is a dynamic and growing market. In 2022, the market was valued at US$ 871.5 million and is expected to reach US$ 1190.3 million by 2029, growing at a CAGR of 4.5% during the forecast period of 2023-2029. China is the largest consumer in this market, accounting for about 27% of the market share. Japan and South Korea follow closely, each accounting for 19% and 18% of the market share respectively. The main manufacturers in this market are Kawasaki, Wärtsilä Corporation, SCOTTEL Group, Kongsberg, and Brunvoll. Kawasaki is the largest manufacturer, accounting for about 18% of the market. These manufacturers are known for their quality products and have a significant influence on the market.

Oil & Gas Rig, Military Vessels, Ferry (Passenger Ship and RoRo-Passenger Ship), Cruise Ship, Offshore Vessel, Oil Tanker, Chemical Tanker, LNG Carrier, LPG Carrier, Other in the Global Azimuth and Tunnel Thrusters Market:

In conclusion, the Global Azimuth and Tunnel Thrusters Market is a vital part of the maritime industry. It caters to various sectors and is expected to grow in the coming years. The market is dominated by a few key manufacturers, but there is room for new players to enter and make their mark. As the demand for these thrusters increases, so will the opportunities in this market.

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Report Metric	Details
Report Name	Azimuth and Tunnel Thrusters Market
Accounted market size in 2022	US$ 871.5 million
Forecasted market size in 2029	US$ 1190.3 million
CAGR	4.5%
Base Year	2022
Forecasted years	2023 - 2029
Segment by Type	Azimuth Thrusters Tunnel Thrusters
Segment by Application	Oil & Gas Rig Military Vessels Ferry (Passenger Ship and RoRo-Passenger Ship) Cruise Ship Offshore Vessel Oil Tanker Chemical Tanker LNG Carrier LPG Carrier Other
Production by Region	North America Europe China Japan
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
By Company	Wärtsilä Corporation, SCHOTTEL Group, Kawasaki, Kongsberg, Berg Propulsion, Brunvoll, IHI, Thrustmaster, Veth Propulsion, Steerprop, ZF Friedrichshafen AG, NGC, ABB Marine, Voith Turbo, Jastram, Wuxi Ruifeng Marine, Hydromaster
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends