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Business > Maritime
Global marine propellers market seen to reach $6.1B in 2026
By Genivi Verdejo
Jun 15, 2022 12:05 am

THE global market for marine propellers is estimated to increase to $6.1 billion by 2026, from the projected $5 billion in 2022, driven by the growth in global seaborne trade, according to Global Industry Analysts Inc. (GIA).

GIA, one of the premier market research companies, published a report entitled, 'Marine propellers – Global market trajectory and analytics.' It said the world marine propellers market is projected to reach a revised size of $6.1 billion by 2026, with a compound annual growth rate of 4.5 percent.

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