Global Transmission Systems for Marine Applications 2016-2020

  • Published: Jun 2016
  • Pages: 95
  • SKU: IRTNTR9046

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This industry research report identifies Rolls-Royce, Twin Disc, Velvet Drive, Wärtsilä, and ZF as the key vendors in the global transmission systems market for marine applications. This report also presents a competitive analysis of the market by geographical regions such as the Americas, APAC, and EMEA.

Overview of the transmission systems market for marine applications

Market research analysts at Technavio have predicted that the global transmission systems market for marine applications will grow steadily at a CAGR of more than 3% by 2020. This market research analysis identifies the emergence of the two-speed gearbox to be one of the primary growth factors for this market.  Two-speed gearboxes are more fuel-efficient than single mechanical propulsion systems by operating the propellers at a lower speed whenever maximum vessel speed or propeller thrust is not required. However the engine speed is also kept constant, and this enables the electric power generated from the power take-off on the gearbox to remain uninterrupted. Also, these gearboxes reduce noise emissions both inside and outside the ship, and this ensures greater comfort for passengers and crew.

The transition from steam to diesel propulsion systems and from paddlewheel to propellers have by-far been the major changes in the inland towing industry. During the predicted period, this industry will witness the adoption of another major trend that will help in lesser fuel consumption, shorter transit times, and improved performance. The adoption of Z-drive propulsion. Z-drive propulsion offers several advantages over conventional propulsion and also enables improved thrust, steering power, and maneuverability. This facilitates efficient and safer operations in most inland towing operations such as navigating bends, currents, and restricted channels, meeting other vessels at close quarters, and transiting constructed bridges and locks.

Competitive landscape and key vendors

Though characterized by the presence of a number of regional and international vendors, the market is clearly dominated by large international players. The market is highly capital-intensive which makes it difficult for local players to compete with international vendors in terms of features, qualities, functionalities, and services. As a result of continuous vendor investments in R&D and technological advancements, the coming years will witness the introduction of several new products equipped with new features and technologies. This, in turn, will make the vendor competition in the market more aggressive.

The leading vendors in the market are -

  • Rolls-Royce
  • Twin Disc
  • Velvet Drive
  • Wärtsilä
  • ZF

The other prominent vendors in the market are Atlantis Marine, Borg Warner, Transocean, and Volvo Penta.

Geographical segmentation and analysis of the transmission systems market for marine applications

  • Americas
  • APAC
  • EMEA

According to this market research and analysis, APAC accounted for almost 69% of the total share of the transmission systems market for marine applications and dominated the industry during 2015. Due to the availability of low-cost labor, the global shipping and offshore energy equipment industry is shifting towards the regions in Asia. This will provide for the exponential increase in demand for the market and as a result, this region will continue to dominate the industry in the next four years as well.

Growth drivers, challenges, and upcoming trends: Magnetically geared propulsion motors

Innovate UK is an agency that works with companies, people, and partner organizations to find and drive science and technology innovations that can aid in the growth of UK’s economy. This agency has helped in developing a highly efficient, compact, and low-maintenance motor for marine propulsions. This magnetically geared propulsion motor is extremely compact, provides high-torque-density, and does not require a conventional gearbox. The use of magnetic gearing will lead to a compact, robust, low-maintenance, and flexible propulsion system that can improve efficiencies and also reduce emissions in marine vessels.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the transmission systems market for marine applications. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the transmission systems market for marine applications?
  • What are the key market trends impacting the growth of the transmission systems market for marine applications?
  • What are the challenges to market growth?
  • Who are the key vendors in the transmission systems market for marine applications?
  • What are the market opportunities and threats faced by the vendors in the transmission systems market for marine applications?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the transmission systems market for marine applications?

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Transmission systems are employed in marine vessels to transfer power from an engine or a motor to one or more propellers. These systems include a housing, an input shaft, a first bearing, a second bearing, and a hydraulic pump. The first and the second bearing are mounted on the input shaft and spaced apart from each other along a longitudinal axis of the input shaft.

The report, global transmission systems for marine applications, is part of Technavio’s heavy industry research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as construction, engineering tools, test and measurement, tools and components, and unit operations. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 05: Market drivers

  • Emergence of two-speed gearbox to emissions
  • Innovations in ancillary equipment

PART 06: Impact of drivers

PART 07: Market challenges

  • Asian economic downturn fueling maritime volatility
  • BREXIT heightens trade and seafaring insecurities

PART 08: Impact of drivers and challenges

PART 09: Market trends

  • V-drive transmission systems
  • Adoption of Z-drive in inland towboats
  • Deployment of magnetically geared propulsion motors

PART 10: Marine transmission systems market by ship type

  • Transmission systems market in commercial shipping
  • Transmission systems market in leisure shipping
  • Transmission systems market in military shipping

PART 11: Geographical segmentation

  • Transmission systems market by geography
  • Transmission systems market in APAC
  • Transmission systems market in EMEA
  • Transmission systems market in Americas

PART 12: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 13: Key vendor analysis

  • Rolls-Royce
  • Twin Disc
  • Velvet Drive
  • Wärtsilä
  • ZF

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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