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.
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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.
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Global Flap Rudder Market Segmentation
By Flap Material
- Metal
- Composites
By Fit
- Linefit
- Retrofit
By Ship
- Bulk carriers
- Oil & gas carriers
- Offshore vessels
- General cargo ships
- Container ships
- Ferries & passenger ships
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- China Empire Offshore Engineering Equipment
- De Waal BV
- HI-SEA
- Jiangsu China Empire Offshore Engineering Equipment Manufacture Co., Ltd.
- Kemp Propulsion Systems
- Mack Project Engineering
- Nakashima Propeller
- Rolls-Royce
- Rudder Electric
- Thordon Bearings Inc.
- UTC Aerospace Systems
- Van der Velden Marine Systems
- Wuxi Dongzhou Marine Fittings Co., Ltd
- YMV Kreyn ve Makina Sistemleri
- Zhenjiang DH Marine
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