Global and China Marine Gearbox Market Insights, Forecast to 2027

A Marine Gearbox that absorbs external forces, transmits power from two engines operating at different speeds, and uses gears that meet several design and specification standards at the same time. Marine gearboxes connected to two or more engines include commercial vessels, like ferries and other roll-on, roll-off ships.
Globally, the marine gearbox industry market is relatively concentrated as the manufacturing technology of marine gearbox is relatively high. And some enterprises, like Hangzhou Advance Gearbox Group, ZF and Hitachi Nico Transmission etc. are well-known for the wonderful performance of their marine gearbox and related services.
The consumption volume of marine gearbox is related to downstream industries and global economy. As the COVID-2019 bring some uncertain in the global shipbuilding market in the following years, the growth rate of marine gearbox industry may not keep that fast. But it is surely forecasted that the market of marine gearbox is still promising.

Market Analysis and Insights: Global and China Marine Gearbox Market
This report focuses on global and China Marine Gearbox market.
In 2020, the global Marine Gearbox market size was US$ 703.1 million and it is expected to reach US$ 762.9 million by the end of 2027, with a CAGR of 1.2% during 2021-2027. In China the Marine Gearbox market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Marine Gearbox Scope and Market Size
Marine Gearbox market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Marine Gearbox market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Marine Gearbox market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Less than 500KW
500-2000KW
More than 2000KW

Segment by Application
Leisure and Passenger Boat
Fishing Boats
Tugs and Work Ship
Cargo
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Hangzhou Advance Gearbox Group
ZF Marine
Hitachi Nico Transmission Co.
REINTJES GmbH
RENK-MAAG GmbH
Siemens
Chongchi
Kanzaki Kokyukoki
Twin Disc
PRM Newage Ltd
GE
ME Production
Masson Marine
D-I Industrial