The global market for Marine Transmission was estimated to be worth US$ 893 million in 2024 and is forecast to a readjusted size of US$ 1098 million by 2031 with a CAGR of 2.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Marine Transmission cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The marine transmission is a vital component of a ship's powertrain. Typically located between the engine and propeller, it comprises the main gearbox housing, reduction gears, clutch mechanism, bearings, and shafts. It is responsible for transmitting engine power to the propeller or other drive devices, regulating the ship's speed and torque to ensure smooth and efficient operation.
Marine transmission refers to the mechanical system used to transmit power from a marine engine to the propeller shaft, enabling controlled propulsion and maneuverability of a vessel. Unlike industrial gearboxes, marine transmissions are designed to operate under variable torque, load, and environmental conditions unique to marine settings. Key characteristics include high torque transfer efficiency, durability in corrosive environments, and integration with propulsion control systems. With the global maritime sector undergoing structural changes-such as decarbonization, fleet modernization, and naval investment-the marine transmission market is poised for steady expansion.
The market is commonly segmented by power class: less than 500 kW, 500-2000 kW, and more than 2000 kW. Transmissions below 500 kW primarily serve leisure boats, patrol craft, and small fishing vessels, where noise reduction, compactness, and cost-efficiency are key. The 500-2000 kW segment accounts for the largest volume share, addressing workboats, medium-sized fishing vessels, and coastal transport ships. This range demands enhanced thermal durability, integrated hydraulic control, and modularity. Systems above 2000 kW are found in heavy-duty tugs, offshore support vessels, naval ships, and cargo carriers, where performance under high torque and redundancy is critical. Though low in unit volume, the high power class contributes disproportionately to market value and technological innovation.
From an application perspective, tugs and work ships represent the fastest-growing segment, propelled by port infrastructure investment, offshore wind energy deployment, and aging fleet replacement. Naval, police, and governmental vessels remain a high-value niche market, requiring custom-built gearboxes with low acoustic signatures and robust shock resistance. Cargo vessels offer steady but modest demand, often relying on PTO/PTI solutions rather than traditional marine transmissions. Leisure and fishing boats continue to provide consistent volume demand, particularly in Asia-Pacific and Southern Europe, though the segment remains price-sensitive and fragmented.
Regionally, China has become the largest producer of marine transmissions by volume, driven by massive shipbuilding output in sectors such as fishing, public vessels, and engineering craft. Domestic manufacturers like Hangzhou Advance, Chongqing Gearbox, and Hangzhou Fada dominate the low-to-mid power range and are increasingly moving into higher-end segments. Supportive government policies and increasing adoption in naval and hybrid propulsion applications further reinforce China's strategic position in this market.
This report aims to provide a comprehensive presentation of the global market for Marine Transmission, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Marine Transmission by region & country, by Type, and by Application.
The Marine Transmission market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Marine Transmission.
Market Segmentation
By Company
- Hangzhou Advance Gearbox Group
- RENK Group
- ZF Friedrichshafen
- REINTJES GmbH
- Hitachi Nico Transmission
- Flender
- Chongqing Gearbox
- Twin Disc
- Kanzaki Kokyukoki
- Hangzhou Advance Gearbox Group
- PRM Newage Ltd
- D-I Industrial
- Baker Hughes
- Masson Marine
- ME Production
- Velvet Drive Transmission
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 Ship
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Marine Transmission manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Marine Transmission in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Marine Transmission in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Marine Transmission Product Introduction
- 1.2 Global Marine Transmission Market Size Forecast
- 1.2.1 Global Marine Transmission Sales Value (2020-2031)
- 1.2.2 Global Marine Transmission Sales Volume (2020-2031)
- 1.2.3 Global Marine Transmission Sales Price (2020-2031)
- 1.3 Marine Transmission Market Trends & Drivers
- 1.3.1 Marine Transmission Industry Trends
- 1.3.2 Marine Transmission Market Drivers & Opportunity
- 1.3.3 Marine Transmission Market Challenges
- 1.3.4 Marine Transmission Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Marine Transmission Players Revenue Ranking (2024)
- 2.2 Global Marine Transmission Revenue by Company (2020-2025)
- 2.3 Global Marine Transmission Players Sales Volume Ranking (2024)
- 2.4 Global Marine Transmission Sales Volume by Company Players (2020-2025)
- 2.5 Global Marine Transmission Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Marine Transmission Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Marine Transmission Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Marine Transmission
- 2.9 Marine Transmission Market Competitive Analysis
- 2.9.1 Marine Transmission Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Marine Transmission Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Marine Transmission as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Less than 500kW
- 3.1.2 500-2000kW
- 3.1.3 More than 2000kW
- 3.2 Global Marine Transmission Sales Value by Type
- 3.2.1 Global Marine Transmission Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Marine Transmission Sales Value, by Type (2020-2031)
- 3.2.3 Global Marine Transmission Sales Value, by Type (%) (2020-2031)
- 3.3 Global Marine Transmission Sales Volume by Type
- 3.3.1 Global Marine Transmission Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Marine Transmission Sales Volume, by Type (2020-2031)
- 3.3.3 Global Marine Transmission Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Marine Transmission Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Leisure and Passenger Boat
- 4.1.2 Fishing Boats
- 4.1.3 Tugs and Work Ship
- 4.1.4 Cargo Ship
- 4.1.5 Others
- 4.2 Global Marine Transmission Sales Value by Application
- 4.2.1 Global Marine Transmission Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Marine Transmission Sales Value, by Application (2020-2031)
- 4.2.3 Global Marine Transmission Sales Value, by Application (%) (2020-2031)
- 4.3 Global Marine Transmission Sales Volume by Application
- 4.3.1 Global Marine Transmission Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Marine Transmission Sales Volume, by Application (2020-2031)
- 4.3.3 Global Marine Transmission Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Marine Transmission Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Marine Transmission Sales Value by Region
- 5.1.1 Global Marine Transmission Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Marine Transmission Sales Value by Region (2020-2025)
- 5.1.3 Global Marine Transmission Sales Value by Region (2026-2031)
- 5.1.4 Global Marine Transmission Sales Value by Region (%), (2020-2031)
- 5.2 Global Marine Transmission Sales Volume by Region
- 5.2.1 Global Marine Transmission Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Marine Transmission Sales Volume by Region (2020-2025)
- 5.2.3 Global Marine Transmission Sales Volume by Region (2026-2031)
- 5.2.4 Global Marine Transmission Sales Volume by Region (%), (2020-2031)
- 5.3 Global Marine Transmission Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Marine Transmission Sales Value, 2020-2031
- 5.4.2 North America Marine Transmission Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Marine Transmission Sales Value, 2020-2031
- 5.5.2 Europe Marine Transmission Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Marine Transmission Sales Value, 2020-2031
- 5.6.2 Asia Pacific Marine Transmission Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Marine Transmission Sales Value, 2020-2031
- 5.7.2 South America Marine Transmission Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Marine Transmission Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Marine Transmission Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Marine Transmission Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Marine Transmission Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Marine Transmission Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Marine Transmission Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Marine Transmission Sales Value, 2020-2031
- 6.3.2 United States Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Marine Transmission Sales Value, 2020-2031
- 6.4.2 Europe Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Marine Transmission Sales Value, 2020-2031
- 6.5.2 China Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Marine Transmission Sales Value, 2020-2031
- 6.6.2 Japan Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Marine Transmission Sales Value, 2020-2031
- 6.7.2 South Korea Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Marine Transmission Sales Value, 2020-2031
- 6.8.2 Southeast Asia Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Marine Transmission Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Marine Transmission Sales Value, 2020-2031
- 6.9.2 India Marine Transmission Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Marine Transmission Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Hangzhou Advance Gearbox Group
- 7.1.1 Hangzhou Advance Gearbox Group Company Information
- 7.1.2 Hangzhou Advance Gearbox Group Introduction and Business Overview
- 7.1.3 Hangzhou Advance Gearbox Group Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Hangzhou Advance Gearbox Group Marine Transmission Product Offerings
- 7.1.5 Hangzhou Advance Gearbox Group Recent Development
- 7.2 RENK Group
- 7.2.1 RENK Group Company Information
- 7.2.2 RENK Group Introduction and Business Overview
- 7.2.3 RENK Group Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 RENK Group Marine Transmission Product Offerings
- 7.2.5 RENK Group Recent Development
- 7.3 ZF Friedrichshafen
- 7.3.1 ZF Friedrichshafen Company Information
- 7.3.2 ZF Friedrichshafen Introduction and Business Overview
- 7.3.3 ZF Friedrichshafen Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 ZF Friedrichshafen Marine Transmission Product Offerings
- 7.3.5 ZF Friedrichshafen Recent Development
- 7.4 REINTJES GmbH
- 7.4.1 REINTJES GmbH Company Information
- 7.4.2 REINTJES GmbH Introduction and Business Overview
- 7.4.3 REINTJES GmbH Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 REINTJES GmbH Marine Transmission Product Offerings
- 7.4.5 REINTJES GmbH Recent Development
- 7.5 Hitachi Nico Transmission
- 7.5.1 Hitachi Nico Transmission Company Information
- 7.5.2 Hitachi Nico Transmission Introduction and Business Overview
- 7.5.3 Hitachi Nico Transmission Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Hitachi Nico Transmission Marine Transmission Product Offerings
- 7.5.5 Hitachi Nico Transmission Recent Development
- 7.6 Flender
- 7.6.1 Flender Company Information
- 7.6.2 Flender Introduction and Business Overview
- 7.6.3 Flender Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Flender Marine Transmission Product Offerings
- 7.6.5 Flender Recent Development
- 7.7 Chongqing Gearbox
- 7.7.1 Chongqing Gearbox Company Information
- 7.7.2 Chongqing Gearbox Introduction and Business Overview
- 7.7.3 Chongqing Gearbox Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Chongqing Gearbox Marine Transmission Product Offerings
- 7.7.5 Chongqing Gearbox Recent Development
- 7.8 Twin Disc
- 7.8.1 Twin Disc Company Information
- 7.8.2 Twin Disc Introduction and Business Overview
- 7.8.3 Twin Disc Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Twin Disc Marine Transmission Product Offerings
- 7.8.5 Twin Disc Recent Development
- 7.9 Kanzaki Kokyukoki
- 7.9.1 Kanzaki Kokyukoki Company Information
- 7.9.2 Kanzaki Kokyukoki Introduction and Business Overview
- 7.9.3 Kanzaki Kokyukoki Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Kanzaki Kokyukoki Marine Transmission Product Offerings
- 7.9.5 Kanzaki Kokyukoki Recent Development
- 7.10 Hangzhou Advance Gearbox Group
- 7.10.1 Hangzhou Advance Gearbox Group Company Information
- 7.10.2 Hangzhou Advance Gearbox Group Introduction and Business Overview
- 7.10.3 Hangzhou Advance Gearbox Group Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Hangzhou Advance Gearbox Group Marine Transmission Product Offerings
- 7.10.5 Hangzhou Advance Gearbox Group Recent Development
- 7.11 PRM Newage Ltd
- 7.11.1 PRM Newage Ltd Company Information
- 7.11.2 PRM Newage Ltd Introduction and Business Overview
- 7.11.3 PRM Newage Ltd Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 PRM Newage Ltd Marine Transmission Product Offerings
- 7.11.5 PRM Newage Ltd Recent Development
- 7.12 D-I Industrial
- 7.12.1 D-I Industrial Company Information
- 7.12.2 D-I Industrial Introduction and Business Overview
- 7.12.3 D-I Industrial Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 D-I Industrial Marine Transmission Product Offerings
- 7.12.5 D-I Industrial Recent Development
- 7.13 Baker Hughes
- 7.13.1 Baker Hughes Company Information
- 7.13.2 Baker Hughes Introduction and Business Overview
- 7.13.3 Baker Hughes Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Baker Hughes Marine Transmission Product Offerings
- 7.13.5 Baker Hughes Recent Development
- 7.14 Masson Marine
- 7.14.1 Masson Marine Company Information
- 7.14.2 Masson Marine Introduction and Business Overview
- 7.14.3 Masson Marine Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 Masson Marine Marine Transmission Product Offerings
- 7.14.5 Masson Marine Recent Development
- 7.15 ME Production
- 7.15.1 ME Production Company Information
- 7.15.2 ME Production Introduction and Business Overview
- 7.15.3 ME Production Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 ME Production Marine Transmission Product Offerings
- 7.15.5 ME Production Recent Development
- 7.16 Velvet Drive Transmission
- 7.16.1 Velvet Drive Transmission Company Information
- 7.16.2 Velvet Drive Transmission Introduction and Business Overview
- 7.16.3 Velvet Drive Transmission Marine Transmission Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.16.4 Velvet Drive Transmission Marine Transmission Product Offerings
- 7.16.5 Velvet Drive Transmission Recent Development
8 Industry Chain Analysis
- 8.1 Marine Transmission Industrial Chain
- 8.2 Marine Transmission Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Marine Transmission Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Marine Transmission Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer