Flap Rudder Market
Global Flap Rudder Market Size, Share & Trends Analysis Report, By Flap Material (Metal, and Composites), By Fit (Linefit, and Retrofit), By Ship (Bulk Carriers, Oil & Gas Carriers, Offshore Vessels, General Cargo Ships, Container Ships, Ferries & Passenger Ships, and Others), Forecast (2021-2027). Update Available - Forecast 2024-2030
The global flap rudder market is anticipated to grow at a significant CAGR of nearly 4.5% during the forecast period. The major factors that drives the growth of the flap rudder market include the rising demand for marine vessels for fishing and in the defence sector. For instance, as per the Food and Agriculture of the United Nations (FAO), “in 2018, the total global capture by fisheries reached the highest level ever recorded at 96.4 million tonnes,” an increase of 5.4% from the average between 2014-2017. The supportive government conditions along with marine infrastructure development will further enhance the market growth.
In addition to this, increased demand for marine vessels in the defence sector is also driving the market growth. For instance, as per the CISEC more than 40,000 vessels passed through the Bosphorus sea in 2019, transporting almost 650 million tons of cargo, and reaffirming the Turkish Straits as one of the most important maritime trade corridors across the globe. Also, leisure activities such as underwater tourism and research are expected to boost the global flap rudder market significant growth. The expansion of the aerospace industry and increasing preference for air travel might restrain the growth of the flap rudder market.
Impact of COVID-19 Pandemic on Global Flap Rudder Market
The COVID-19 pandemic had disrupted the supply chain of various industries across the globe, which had drastically reduced the demand for flap rudders. The revenues of the companies have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Therefore, the shipbuilding industry has been witnessing a steep decline in ship orders and new ship vessels delivery due to the ongoing COVID-19 pandemic. however, return to normalcy as the shipbuilding sector started recovery as industrial operations were normalized after the recovery.
Segmental Outlook
The global flap rudder market is segmented based on the flap material, fit, and ship. Based on the flap material, the market is segmented into metal and composites. Based on the fit, the market is sub-segmented into the linefit, and retrofit. Based on the ship, the market is sub-segmented into bulk carriers, oil & gas carriers, offshore vessels, general cargo ships, container ships, ferries & passenger ships, and others.
Global Crude Steel Market Share by Material Type, 2020 (%)
Composites Segment Holds the Major Share in the Global Flap Rudder Market.
Based on the flap material type, the market is segmented as metal and composites. The composites segment is estimated to lead the market during the forecast period. The growth of the segment is due to its various operating properties, and its use for the production of rubber flaps, which is increasing. Additionally, it offers significant weight savings, making transportation, and assembly easier to manage. The implementation of composite materials can substantially reduce waste from raw materials, and they also support the manufacture of hull surfaces, including high lift and low drag, with improved propulsion properties, thus driving the growth of the segment.
Regional Outlook
The global flap rudder market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Crude Steel Market Growth by Region, 2021-2027
Asia-Pacific Region Holds the Major Share in the Global Flap Rudder Market.
Asia-Pacific region dominates the flap rudder market the region. As per the new global Container Port Performance Index (CPPI) launched by the World Bank and IHS Markit in 2021, Asian container ports are the most efficient across the globe, dominating the top 50 spots. Asian seaports handled unloading of 6.9 billion tons of goods and loading of 4.5 billion tons of goods for the same year. Asia-Pacific holds a dominating position in the shipbuilding sector, which are key parameters affecting the region's marine vessel growth and are projected to remain prominent over the forecast period. In addition to this, with the rise in high-speed yachts and boats in the forecast period, the flap rudder market is expected to develop at a significant growth rate.
Market Players Outlook
The major companies serving the global Flap Rudder market include Becker Marine Systems Gmbh, Jiangsu China Empire Offshore Engineering Equipment Manufacture Co., Ltd., Nakashima Propeller, Rolls-Royce, Van der Velden Marine Systems. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in June 2016, Van der Velden Marine Systems (VDVMS), part of Damen Shipyards Group, in conjunction with its US representative Ships Machinery International, Inc. (SMI) announced a new state-of-the-art Jones Act Articulated Tug Barge (ATB) with BARKE high-lift flap rudders for coastal services in the US. This newly designed vessel brings increased manoeuvring to the fleet of ATB plying the US coastal waters.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flap rudder market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Flap Rudder Market
• Recovery Scenario of Global Flap Rudder Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Becker Marine Systems GmbH
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Kongsberg Gruppen
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Damen Marine Components
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Kamome Propeller
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Nakashima Propeller Co., Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Flap Rudder Market by Flap Material
4.1.1. Metal
4.1.2. Composites
4.2. Global Flap Rudder Market by Fit
4.2.1. Linefit
4.2.2. Retrofit
4.3. Global Flap Rudder Market by Ship
4.3.1. Bulk carriers
4.3.2. Oil & gas carriers
4.3.3. Offshore vessels
4.3.4. General cargo ships
4.3.5. Container ships
4.3.6. Ferries & passenger ships
4.3.7. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. China Empire Offshore Engineering Equipment
6.2. De Waal BV
6.3. HI-SEA
6.4. Jiangsu China Empire Offshore Engineering Equipment Manufacture Co., Ltd.
6.5. Kemp Propulsion Systems
6.6. Mack Project Engineering
6.7. Nakashima Propeller
6.8. Rolls-Royce
6.9. Rudder Electric
6.10. Thordon Bearings Inc.
6.11. UTC Aerospace Systems
6.12. Van der Velden Marine Systems
6.13. Wuxi Dongzhou Marine Fittings Co., Ltd
6.14. YMV Kreyn ve Makina Sistemleri
6.15. Zhenjiang DH Marine
1. GLOBAL FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FLAP MATERIAL, 2020-2027 ($ MILLION)
2. GLOBAL METAL IN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL COMPOSITES IN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FIT, 2020-2027 ($ MILLION)
5. GLOBAL LINEFIT FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL RETROFIT FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY SHIP, 2020-2027 ($ MILLION)
8. GLOBAL FLAP RUDDER FOR BULK CARRIERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL FLAP RUDDER FOR OIL & GAS CARRIERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL FLAP RUDDER FOR OFFSHORE VESSELS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL FLAP RUDDER FOR GENERAL CARGO SHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL FLAP RUDDER FOR CONTAINER SHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL FLAP RUDDER FOR FERRIES & PASSENGER SHIPS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL FLAP RUDDER FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. NORTH AMERICAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FLAP MATERIAL, 2020-2027 ($ MILLION)
18. NORTH AMERICAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FIT, 2020-2027 ($ MILLION)
19. NORTH AMERICAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY SHIP, 2020-2027 ($ MILLION)
20. EUROPEAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FLAP MATERIAL, 2020-2027 ($ MILLION)
22. EUROPEAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FIT, 2020-2027 ($ MILLION)
23. EUROPEAN FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY SHIP, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FLAP MATERIAL, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FIT, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY SHIP, 2020-2027 ($ MILLION)
28. REST OF THE WORLD FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
29. REST OF THE WORLD FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FLAP MATERIAL, 2020-2027 ($ MILLION)
30. REST OF THE WORLD FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY FIT, 2020-2027 ($ MILLION)
31. REST OF THE WORLD FLAP RUDDER MARKET RESEARCH AND ANALYSIS BY SHIP, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FLAP RUDDER MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FLAP RUDDER MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL FLAP RUDDER MARKET, 2021-2027 (%)
4. GLOBAL FLAP RUDDER MARKET SHARE BY FLAP MATERIAL, 2020 VS 2027 (%)
5. GLOBAL METAL IN FLAP RUDDER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL COMPOSITES IN FLAP RUDDER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL FLAP RUDDER MARKET SHARE BY FIT, 2020 VS 2027 (%)
8. GLOBAL LINEFIT FLAP RUDDER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL RETROFIT FLAP RUDDER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL FLAP RUDDER MARKET SHARE BY SHIP, 2020 VS 2027 (%)
11. GLOBAL FLAP RUDDER FOR BULK CARRIERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL FLAP RUDDER FOR OIL & GAS CARRIERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL FLAP RUDDER FOR OFFSHORE VESSELS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL FLAP RUDDER FOR GENERAL CARGO SHIPS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL FLAP RUDDER FOR CONTAINER SHIPS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL FLAP RUDDER FOR FERRIES & PASSENGER SHIPS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL FLAP RUDDER FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL FLAP RUDDER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. US FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
21. UK FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
22. FRANCE FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
25. SPAIN FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF EUROPE FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD FLAP RUDDER MARKET SIZE, 2020-2027 ($ MILLION)
