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Global Azimuth Thrusters Market Share, Trends, Forecast: By Type: Less than 1500KW, 1500KW-3500KW, More than 3500KW; By Drive System: Diesel Drive System, Electric Drive System, Hydraulic Drive System, Others; By Application: Tugboat, Naval Ships, Recreational Boats, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Azimuth Thrusters Market Outlook
The global azimuth thrusters market is expected to grow at a CAGR of 1.5% during the period 2024-2032. Market is expected to be driven by the need to maintain robust and efficient shipping fleets. North America, Europe and Asia Pacific are expected to be key markets.
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Global Market Likely to be Driven by Need for Improved Ship Manoeuvrability and Advancements in Technology
Offshore industry warrants robust shipping fleets to fulfil the logistics requirements related to the movement of goods and people from one place on land to another at sea or offshore, and vice-versa. Ship manoeuvrability assumes much significance when operating in waters. In ships with conventional systems, the manoeuvring capability is determined by rudder performance, sea conditions, and the shape of the ship. Ships equipped with the azimuth thruster display enhanced manoeuvrability and the capability to rotate 360°. Other advantages include more efficient use of electricity, better use of space, and reduced maintenance costs. Azimuth thrusters are used across the globe.
Poseidon brand azimuth thrusters are generally employed for main propulsion; these come in 60kW to 2900kW capacities. Almost all individual thruster systems may be optimized for vessel speed or maximum bollard thrust. Azimuth thrusters come in Z-drive configuration (with direct diesel engine drive), or L-drive configuration (for electric motor or hydraulic motor drive). Azimuth thrusters can take the place of conventional propulsion and rudder steering systems to carry out both propulsion and steering functions. Azimuth thrusters are recommended where advanced manoeuvrability is needed in applications like dynamic positioning, ship escort and ship docking services.
Novel, Environmentally Friendly, Powerful and Efficient Propulsion Solutions Expected to Boost Market Growth
Precision assumes much importance when navigating, and selection of marine propulsion system relies heavily on the product that offers optimum interaction between performance, cost-effectiveness, environmental compatibility and flexibility. Leading companies today offer a new generation of environmentally friendly, powerful and efficient propulsion solutions so that naval architects, shipyards and fleet operators may get high-quality and robust propulsion systems with features suited to several ship types. For example, in 2021, ZF offered new ZF AT 80 thruster model range at the SMM Digital maritime trade fair to close the performance gap for marine propulsion systems. The model range was available as a 360-degree steerable thruster and as a retractable propulsion system, or as a bow thruster. Thus, a larger number of ship operators, shipyards and naval architects could employ the technology in different applications. The solutions ensured robust and economical ship operations, and offered several possibilities for individual configurations and extensions, such as the ProVID condition monitoring system. Such novel and advanced solutions are expected to contribute to the growth of the global azimuth thrusters market.
Advent of Permanent Magnet (PM) Technology Enhanced Azimuth Thruster Efficiency
In 2015, Rolls-Royce launched a new azimuth thruster powered by permanent magnet (PM) technology after sea trials in which a pair of thrusters showed efficiency savings of seven to thirteen percent, depending on ship speed, and in comparison to azimuth thrusters powered by conventional diesel-electric system. Findings had important implications for future ship sustainability in marine as well as offshore sectors. Companies like Kongsberg also offer permanent magnetic driven azimuth thruster (AZ-PM) solutions. Azimuth PM thrusters are environmentally friendly; other benefits include a compact design, high energy efficiency, low maintenance, and less noise and vibration. Such benefits offered by advancements in technology are expected to stimulate market growth.
Global Azimuth Thrusters Market Segmentation
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By type, the market is segmented into:
- Less than 1500KW
- 1500KW-3500KW
- More than 3500KW
By drive system, the market is classified into:
- Diesel Drive System
- Electric Drive System
- Hydraulic Drive System
- Others
By application, the market is classified into:
- Tugboat
- Naval Ships
- Recreational Boats
- Offshore Support Vessel
- Ferries and Freighter
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Azimuth Thrusters Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kongsberg Gruppen ASA
- ABB Ltd.
- SCHOTTEL Group
- Brunvoll AS
- ZF Friedrichshafen AG
- Caterpillar Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Drive System |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Azimuth Thrusters Market Analysis
8.1 Key Industry Highlights
8.2 Global Azimuth Thrusters Historical Market (2018-2023)
8.3 Global Azimuth Thrusters Market Forecast (2024-2032)
8.4 Global Azimuth Thrusters Market by Type
8.4.1 Less than 1500KW
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 1500KW-3500KW
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 More than 3500KW
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Azimuth Thrusters Market by Drive System
8.5.1 Diesel Drive System
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electric Drive System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hydraulic Drive System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Azimuth Thrusters Market by Application
8.6.1 Tugboat
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Naval Ships
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Recreational Boats
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Offshore Support Vessel
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Ferries and Freighter
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Azimuth Thrusters Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Azimuth Thrusters Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Azimuth Thrusters Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Azimuth Thrusters Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Azimuth Thrusters Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Azimuth Thrusters Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kongsberg Gruppen ASA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ABB Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SCHOTTEL Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Brunvoll AS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ZF Friedrichshafen AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Caterpillar Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Azimuth Thrusters Market: Key Industry Highlights, 2018 and 2032
2. Global Azimuth Thrusters Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Azimuth Thrusters Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Azimuth Thrusters Historical Market: Breakup by Drive System (USD Million), 2018-2023
5. Global Azimuth Thrusters Market Forecast: Breakup by Drive System (USD Million), 2024-2032
6. Global Azimuth Thrusters Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Azimuth Thrusters Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Azimuth Thrusters Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Azimuth Thrusters Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Azimuth Thrusters Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Azimuth Thrusters Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Azimuth Thrusters Market Structure
Key Questions Answered in the Report
The global azimuth thrusters market is projected to grow at a CAGR of 1.5% between 2024 and 2032.
The major drivers of the market include the investments for international seaborne trade, growth in maritime tourism, increased demand for azimuth thrusters from the new shipbuilding and repair market, and growth of ship manufacturers.
The need to maintain robust and efficient shipping fleets and technological advancements are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of azimuth thrusters are less than 1500KW, 1500KW-3500KW, and more than 3500KW.
Based on drive system, the market is divided into diesel drive system, electric drive system, and hydraulic drive system, among others.
The major applications of the market are tugboat, naval ships, recreational boats, offshore support vessel, ferries and freighter, among others.
The major players in the industry are Kongsberg Gruppen ASA, ABB Ltd., SCHOTTEL Group, Brunvoll AS, ZF Friedrichshafen AG, and Caterpillar Inc., among others.
Analyst Review
The global azimuth thrusters market was driven by the need to maintain robust and efficient shipping fleets in the historical period. Aided by the investments for international seaborne trade and growth in maritime tourism, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 1.5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The types of azimuth thrusters are less than 1500KW, 1500KW-3500KW, and more than 3500KW. Based on drive system, the market is divided into diesel drive system, electric drive system, and hydraulic drive system, among others. These thrusters find wide applications in tugboat, naval ships, recreational boats, offshore support vessel, ferries and freighter, among others. The major regional markets for azimuth thrusters are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Kongsberg Gruppen ASA, ABB Ltd., SCHOTTEL Group, Brunvoll AS, ZF Friedrichshafen AG, and Caterpillar Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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