Global Bow and Stern Thrusters
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Bow and Stern Thrusters market size was USD 365.99 Million in 2016 and it is forecasted to reach USD 507.34 Million by 2028. Bow and Stern Thrusters Industry's Compound Annual Growth Rate will be 3.86% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Bow and Stern Thrusters market size was USD 365.99 Million in 2016 and it is forecasted to reach USD 507.34 Million by 2028. Bow and Stern Thrusters Industry's Compound Annual Growth Rate will be 3.86% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Bow and Stern Thrusters Market Sales Revenue 2016 | $ 365.99 Million |
Global Bow and Stern Thrusters Market Sales Revenue 2028 | $ 507.34 Million |
Global Bow and Stern Thrusters Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.86% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Bow and Stern Thrusters Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
In 1990’s the recreational boats were equipped with propulsion devices that are called bow, stern, or side thrusters. Bow thrusters are defined as the type of propeller shapes system fitted on the bow whereas stern thrusters are fitted on the stern part. When single bow thrusters are used, it does not give the ability to move in a sideways motion as the boat is expected to still pivot about stern so sometimes both thrusters are used to gain maximum flexibility.
The bow and stern thrusters guide and direct the equipment of recreational boats, small and large commercial vessels, and ships. These thrusters help maneuver a boat sideways rather than forward or backward, while docking or mooring.
Bow and stern thrusters use suction to draw in water from one side of the boat and push it out the other side to move the boat in opposite direction. These thrusters can be mounted on either side of the boat, or they can be external or retractable. These thrusters are operated either electrically or hydraulically. An electric motor is located above the tunnel in electric thrusters.
Electric thrusters are straightforward to install, although the engine adds weight to the bow. Hydraulic thrusters are light in weight; however, they require more components, making installation difficult.
Thrusters have minimal controls on/off controls and, as long as they are engaged, deliver full power to either port or starboard. Proportional thrusters are a type of thruster that deliver changing levels of power.
Plastic is one of the widely used materials across various industries for manufacturing and packaging different products, consumer goods, and numerous appliances, including bow and stern thrusters.
Plastic material is light in weight and is available in a wide range of hardness, density, tensile strength, and resistance, which makes it a compatible material for different applications. Thus, these are also used in the manufacturing of bow and stern thrusters.
The worldwide consumption of plastic is increasing by the day, which has led to an increase in the demand for plastic, thereby increasing its use in the production of bow and stern thrusters. Increasing demand for consumer goods and bow and stern thrusters and other materials is expected to boost the production of plastic to manage the supply of plastic (as a raw material) to manufacturers for manufacturing bow and stern thrusters. The rise in the production of plastics is one of the factors, which drives the growth of the market.
In 2018, the worldwide production of plastics reached around 359 mil metric tons, with 62 mil metric tons produced in Europe alone. China is one of the main manufacturers of plastic, accounting for more than one-quarter of worldwide production.
Plastic imports from China to the US are growing as the former’s plastic industry is expanding. This has led to the rise in the adoption of plastics in the manufacturing of bows and sterns, which contribute to the growth of the market, in the estimated forecast period.
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Wärtsilä is the manufacturer of smart technologies and complete lifecycle solutions for the marine and energy markets. In the maritime industry, Wärtsilä has a significant position. Wärtsilä products are installed aboard more than 50,000 ships worldwide today. Wärtsilä also provides maintenance services to one in every three ocean-going boats. Traditional commerce vessels, gas carriers, cruise ships, and ferries, as well as naval and special vessels, are all part of Wärtsilä's maritime customer base.
Wärtsilä’s three main customer segments in the energy markets are Utilities, Independent Power Producers (IPPs), and Industrial customers. Wärtsilä’s energy solutions are used for a wide variety of applications. These include baseload generation, capacity for grid stability, peaking and load-following generation, and optimization of high renewable content power systems. It provides energy management, storage, and flexible power plants, as well as lifecycle services. Wärtsilä has 72 GW of installed power plant capacity in 180 countries around the world.
Business Strategy
Wärtsilä is primarily a research and development company. In both the Energy and Marine Businesses, Wärtsilä develops technology that meets increasingly severe sustainability standards. This factor contributes to a higher brand value for customers. It also focuses on collaborations, partnerships, and acquisitions, all of which are supposed to improve the company's market position. For instance, Wärtsilä plans to use a combination of organic expansion, partnerships, and acquisitions to expand its automation capabilities and boost its offering of solutions.
Additionally, it focuses on manufacturing capabilities that bring flexibility to both manufacturing and cost structure. The company focuses on maximizing customer benefits of products and services through environmentally and economically sustainable measures. It has gained a strong position in the thruster during the past year. Wartsila has received orders for more than sixty of its transverse thrusters to be used in the construction of twelve new cruise ships for six different owners in four shipyards.
ZF is a global technology company that develops and manufactures systems for automobiles, commercial vehicles, and industrial technology, enabling the next generation of mobility. With its broad technology portfolio, the company provides integrated transportation and mobility solutions to established car manufacturers, mobility providers, and start-up businesses.
The business works in various divisions including active safety systems, car chassis technology, electrified powertrain technology, electronics & ADAS, passive safety systems, commercial vehicle control systems, commercial vehicle technology, industrial technology, and aftermarket.
It serves industry sectors such as wind power, marine propulsion, aviation technology, rail drives, special drives, and test systems in addition to the core markets of passenger cars and commercial vehicles. Through a comprehensive product and service portfolio, the ZF Aftermarket Division brings OEM knowledge to the aftermarket.
Year | News |
February 2021 |
ZF offers the new ZF AT 80 thruster model range to close the performance gap for marine propulsion systems At the SMM Digital maritime trade show, ZF introduces its new ZF AT 80 thruster model line. The model range includes a bow thruster, a 360-degree steerable thruster, and a retractable propulsion system. As a result, ZF is able to provide made-to-measure ZF technology to even more ship operators, builders, and naval architects for a variety of applications. |
December 2019 |
ZF Introduces Condition Monitoring Technology for Thruster Systems in Ships ZF has designed a sophisticated thruster Condition Monitoring System. The technology monitors the thruster system's status and assists shipyards, shipping firms, and fleet operators in maintaining the safety and efficiency of their ships while also extending the propulsion system's service life. A new oil cleaning system also assures oil purity and extends the life of the oil. |
Top Companies Market Share in Bow and Stern Thrusters Industry: (In no particular order of Rank)
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Global Bow and Stern Thrusters Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Bow and Stern Thrusters Industry growth. Bow and Stern Thrusters market has been segmented with the help of its Type, Application , and others. Bow and Stern Thrusters market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Tunnel Bow and Stern Thrusters Market Revenue is expected to reach at USD 191.25 Million by 2028.
One common type of thruster is a tunnel thruster. The tunnel is placed below the waterline and through the bow. The tunnel, which is made of composite material, can shield the propulsion unit while also concentrating the thrust of the propeller. The tunnel should be at least 75 % of its diameter below the waterline, but ideally 1.5 times its diameter while surveying for the optimal position for the tunnel. From inside the boat, the fitter inserts the propulsion unit into the tunnel. The tunnel is commonly made of fiberglass or aluminum tubing, depending on the hull material, and it shields the thruster unit while also concentrating propeller thrust.
Retractable thrusters are retracted into the hull when not in use and extended into the water via an actuator when needed. This reduces additional drag. It also eliminates draft-related constraints. Even with today's modern performance sailing boats, retractable thrusters can be installed far forward in the bow while attaining the required immersion depths. As a result, a thruster with a good turning effect on the boat can be utilized with outstanding results.
Waterjet thrusters are a special type of thruster that uses a pumping device as a substitute of the propeller. These are compact, powerful, quiet alternatives for boats up to 18 meters. Water jet thrusters use high-power electrical Turbine style Centrifugal water pumps. The Jet Thruster pump draws water thru a 3" or 4" intake on the bottom of the boat, fitted with an isolation ball valve. The water is discharged through specially designed nozzles that help to raise the velocity of the jet. Some thrusters are constructed to provide forward and aft auxiliary propulsion, or even full 360-degree thrust.
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Ship Revenue in Bow and Stern Thrusters market is expected to reach at USD 188.77 Million by 2028.
Ship is a large boat used for carrying passengers or cargo by sea. Thrusters in ships help the ships to be more independent from tugs and provide them with more maneuverability in special circumstances. During the operation thrusters helps to force the water through the tunnel to push the ship sideways either to port or starboard as required. As the bow and stern thrusters are steerable it helps the ships to eliminate ship rudder. The ship can be mounted on a number of thrusters. This thruster requirement to be installed is dependent on the length and the cargo capacity of the ship.
Boat is a small vehicle that is used for traveling across the water. Currently, bow and stern thrusters become essential components of boats that help them with maneuverability. The addition of bow and stern thrusters allows a boat to move to the side (port or starboard) without forward or backward thrust from the engine or rudder. Many boat owners fit the bow and stern thrust due to it helping to counter strong currents at sea and in the dock. It gives confidence to boat owners that they can handle their boats in any weather conditions.
A barge is a kind of cargo-carrying vessel designed to transport passengers or goods through rivers or canals. Normally, these shipping vessels are long, flat-bottomed boats that do not have a self-propelling mechanism. A barge needs to be pulled by a tow or a tug boat. Having a bow and stern thrusters helps to easily drag the barge. In some barges, thrusters can replace conventional propulsion and rubber steering systems to perform both the propulsion and steering functions. Its propeller can steer in any direction of 360°above the water level.
A yacht is a sailing or power vessel used for pleasure, cruising, or racing. In yacht thrusters, mainly external bow and stern thrusters are used. Yacht thrusters require drilling a one- to two-inch hole (depending on the size of the unit chosen) to attach it via a threaded pipe, which is also used to route cabling. Yacht thrusters are relatively small and easy to install that offer single and twin-propeller models that attach to the outside of the hull. It usually takes only about one to two hours to install the thruster itself (without cable connections).
Maneuverability is essential in autonomous underwater vehicles. Hence the use of bow and stern thrusters has been widely employed in the AUV. In AUV mainly electrically operated thrusters are used. AUV-specific thrusters share many characteristics such as maximum performance and reliability in the harshest of environments. Whereas in tugboats fixed installed thrusters are used. The thrusters can each independently rotate at an angle of 360° and have a low risk of capsizing
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Bow and Stern Thrusters market report 2024 Edition by contacting our team.
Region and country analysis section of Bow and Stern Thrusters Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Bow and Stern Thrusters market.
The current report Scope analyzes Bow and Stern Thrusters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Tunnel Bow and Stern Thrusters, Externally Mounted Bow and Stern Thrusters, Retractable Bow and Stern Thrusters, Water Jet Bow and Stern Thrusters |
Application | Boat, Barge, Ship, Yacht, Tugboat/AUVsAutonomous Underwater Vehicles) |
List of Competitors | Sleipner Motor AS, Max Power, ThrustEMS, Holland Marine Parts, ABT•TRAC, Western Marine Electronics, Craftsman Marine, Dutch Thrusters Group BV, ZF Friedrichshafen AG, Lewmar Limited, VETUS, Anchorlift, Wartsila, YMV Crane and Winch Systems, Bosch Rexroth, Kawasaki Heavy Industries, Osmotech, SJMATEK(Suzhou) Marine Machine |
This chapter will help you gain GLOBAL Market Analysis of Bow and Stern Thrusters. Further deep in this chapter, you will be able to review Global Bow and Stern Thrusters Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Bow and Stern Thrusters Market Trends North America Bow and Stern Thrusters Technological Road Map North America Bow and Stern Thrusters Market Drivers North America Bow and Stern Thrusters Market Restraints North America Bow and Stern Thrusters Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Bow and Stern Thrusters market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Tunnel Bow and Stern Thrusters have a significant impact on Bow and Stern Thrusters market? |
What are the key factors affecting the Tunnel Bow and Stern Thrusters and Externally Mounted Bow and Stern Thrusters of Bow and Stern Thrusters Market? |
What is the CAGR/Growth Rate of Boat during the forecast period? |
By type, which segment accounted for largest share of the global Bow and Stern Thrusters Market? |
Which region is expected to dominate the global Bow and Stern Thrusters Market within the forecast period? |
Segmentation Level Customization |
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