Middle East & Africa Propeller Shaft Market Size & Outlook
The propeller shaft market in Middle East & Africa is expected to reach a projected revenue of US$ 2,580.6 million by 2030. A compound annual growth rate of 5% is expected of Middle East & Africa propeller shaft market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,832.6
Forecast, 2030 (US$M)
$2,580.6
CAGR, 2024 - 2030
5%
Report Coverage
Middle East & Africa
MEA propeller shaft market highlights
- The MEA propeller shaft market generated a revenue of USD 1,832.6 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, single piece was the largest revenue generating shaft type in 2023.
- Single Piece is the most lucrative shaft type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,832.6 million |
| Market revenue in 2030 | USD 2,580.6 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Single piece |
| Fastest growing segment | Single Piece |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Piece |
| Key market players worldwide | GKN Automotive, Meritor |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.4% of the global propeller shaft market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,879.6 million by 2030.
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Propeller Shaft Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Q Pacific Manufacturing | View profile | 11-50 | Tualatin, Oregon, United States, North America | https://www.qpacmfg.com |
| General Propeller Company | View profile | 1-10 | Bradenton, Florida, United States, North America | https://www.generalpropeller.com |
| RSB | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | https://rsbglobal.com |
| Dana Corporation | View profile | - | Maumee, Ohio, United States, North America | https://www.cvsengineering.com |
| Bracewell Marine Group | View profile | 51-100 | Richmond, British Columbia, Canada, North America | https://www.bracewellmarinegroup.com |
| Collins Aerospace | View profile | 10001+ | Cedar Rapids, Iowa, United States, North America | https://www.collinsaerospace.com |
| Meritor | View profile | 5001-10000 | Troy, Michigan, United States, North America | http://www.meritor.com |
| GKN Automotive | View profile | 10001+ | Birmingham, Birmingham, United Kingdom, Europe | https://www.gknautomotive.com/ |
| Yara Marine Technologies | View profile | 101-250 | Oslo, Oslo, Norway, Europe | https://yaramarine.com |
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