BOW AND STERN THRUSTERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Apart from yachting and leisure boats, commercial vessels are also adopting bow thrusters and stern thrusters in large numbers. Their installation helps in efficient cargo operations, reduced turnaround time, and safety during berthing. With rising global trade, the freight traffic has been growing necessitating newer cargo ships and tankers. Shipping companies are opting for technologically-advanced designs with features like thrusters that enhance productivity. Government regulations in many countries also mandate installation of thrusters in tankers and containers above certain tonnage for safe navigation in ports. Manufacturers are introducing specialized thruster designs suitable for tough conditions faced by dredgers, tugboats and offshore support vessels. Growing offshore energy industry has also boosted demand for offshore service vessels which is a key growth area. Even ferries and passenger vessels engaged in short sea shipping are recognizing benefits of maneuverability offered by thrusters. Strict emission norms are further driving adoption of efficient propulsion systems having auxiliary thrusters. This wide application base across commercial marine industry ensures steady demand growth for bow and stern thrusters’ market over the long run.

In January 2023, Ulstein, a company specializing in ship designs and construction, officially began the construction of Acta Marine's CSOVs (Construction Service Operation Vessels) by initiating the steel cutting process at their shipyard. These 89-meter-long vessels will feature a motion-compensated crane and gangway provided by SMST, ensuring safe personnel transfer even in significant wave heights up to 3.0 meters. With accommodations for up to 135 people, the CSOVs also incorporate Methanol MDO/HVO engines and a battery power storage system for enhanced energy efficiency and CO2 reduction. These vessels stand out as the first to adopt Ulstein's TWIN X-STERN® design, characterized by two sterns and main propeller units at each end. This design, along with thrusters and a symmetrical hull, leads to lower energy consumption, reduced motions, improved maneuverability, and enhanced comfort. The innovative concept not only decreases noise levels on board but also has the potential to save significant energy during operation.

• ZF Friedrichshafen AG
• Holland Marine Parts B.V.
• YMV Kreyn ve Makina Sistemleri A.S.
• CRAFTED WITH CRAFTSMAN MARINE
• SJMATEK (Suzhou) Marine Machine Co. Ltd.
• Lewmar Limited
• Florida Bow Thrusters
• AnchorLift
• Kawasaki Heavy Industries Ltd.
• YMV Crane
• Western Marine Electronics Inc.
• Dutch Thruster Group BV
• Sleipner Motor AS
• CMC Marine srl
• VETUS
• Bosch Rexroth AG
• Wärtsilä
• Osmotech
• Lalizas Italia s.r.l.
• ThrustEMS.