Companies Dominating the Marine Gearbox Landscape
- Wärtsilä Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ZF Friedrichshafen AG
- Rolls Royce Power Systems AG
- Kumera Marine AS
- ABB
- Twin Disc Inc.
- RENK-MAAG GmbH
- Hangzhou Advance Gearbox Group
- David Brown Santasalo
- Elecon Manufacturers
- Reintjes GmbH
- Zollern
- Masson Marine
The marine gearbox sector is positioned to expand during the forecast period. The key players in the market are actively investing in providing advanced marine gearbox solutions. Furthermore, strategic acquisitions and partnerships are poised to benefit the companies in the sector. In August 2022, Dana Incorporated announced the launch of the Brevini EvoMax series of helical and bevel-helical gearboxes for marine and offshore applications with five new sizes that include 14 redesigned gearboxes. New gearbox solutions help companies stand out in the competitive market.
Here are some key players in the market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
The marine gearbox sector was valued at USD 7.17 billion in 2024 and is poised to register a CAGR of 5.5% during the forecast period of 2025 to 2037.
The marine gearbox market was valued at USD 7.17 billion in 2024 and is poised to reach USD 14.38 billion in 2037, at a CAGR of 5.5% from 2025 to 2037, which is set as the forecast period.
The major players in the market are Wärtsilä Corporation, ZF Friedrichshafen AG, Rolls Royce Power Systems AG, Kumera Marine AS, ABB, Twin Disc Inc., RENK-MAAG GmbH, Hangzhou Advance Gearbox Group, David Brown Santasalo, Elecon Manufacturers, Reintjes GmbH, Zollern, Masson Marine, and others.
The single-engine segment of the marine gearbox market is poised to hold a 70.3% dominant revenue share in the marine gearbox sector. The rising demand for gearbox solutions in small commercial and leisure vessels propels the segment’s growth.
Europe is projected to hold a dominant revenue share of 46.5% in the global marine gearbox market by the end of the forecast period owing to rising demands from a well-established shipbuilding industry and increasing maritime trade within the region prompting increased movement of naval vessels that require gearbox solutions.
