Global Transmission Systems for Marine Applications 2016-2020

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Marine Propulsion Engine Market 2016-2020
• Global Amphibious Assault Vehicle Market 2016-2020
• Global Automotive Hydro Mechanical Variable Transmission Systems Market 2016-2020

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.