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The combination of growing demand for recreational boating and increasing use in military and defense applications is driving the growth of the waterjet propulsion market in North America. Waterjet propulsion systems are popular in recreational boating, as they offer several advantages over traditional propellers, such as improved safety, maneuverability, and efficiency. Additionally, the region has a well-established marine industry, with several leading waterjet propulsion system manufacturers and suppliers based in the US and copyright, such as Hamilton Jet, Ultra Dynamics, and others. This, coupled with a strong research and development sector and favorable government policies, is also driving growth in the North American waterjet propulsion market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Water-Jet Propulsion Device Market Report Segment
By Type
- Axial Flow Waterjet
- Mixed Flow Waterjet
- Centrifugal Flow Waterjet
By Application
- Monohull
- Multihull
Global Water-Jet Propulsion Device Market Report Segment by Region
North America
- US
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
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