Marine Steering System Market (Updated Version Available)

The report offers detailed coverage of Marine Steering System industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Marine Steering System by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
A boat\'s steering system determines the boat\'s course when the steering wheel is turned and, like most other systems on a boat, needs regular inspection, maintenance and cleaning during the boating season.
A boat\'s steering wheel is part of the helm that connects to a mechanical, electric, or hydraulic system to assist in turning the boat. Boats with outboard motors steer with a wheel which rotates the entire drive unit; inboards sometimes use a pod with an attached propeller; personal watercraft use jet drives with an impeller to force water into a nozzle that the operator can turn to the desired course. Some modern ships replace the wheel with a toggle that remotely controls an electric or hydraulic rudder drive, with an indicator that shows the rudder angle in real time to the helmsman.
The global average price of Marine Steering System is in the decreasing trend, from 653.8 USD/unit in 2013 to 612.3 USD/unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
The hydraulic type is expected to account for 52.34% volume share in 2017, followed by electric power steering and mechanical steering. And nearly 437 k unit products based on outboard propulsion system were sold in 2017 across the global, accounting for nearly 80% market share.
Among all regions, North America is projected to account for a relatively large market share in terms of both value and volume, while South America account for a relatively low market share in terms of value. North America leads the market with nearly half the global market share, and the region is estimated to retain its share in the coming years
Market competition is not intense. SeaStar Solutions, Uflex, Mercury Marine, ZF, Vetus, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

The report forecast global Marine Steering System market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Marine Steering System market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
SeaStar Solutions
Uflex
Mercury Marine
ZF
Vetus
Sperry Marine
Twin Disc
Lewmar
HyDrive Engineering
Lecomble＆Schmitt
Pretech
Mavi Mare


At the same time, we classify Marine Steering System according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Electronic Power Steering
Hydraulic Steering
Mechanical Steering
Market by Application
Outboard Steering
Inboard Steering

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Marine Steering System market for the forecast period 2021 - 2025?
• What are the driving forces in the Marine Steering System market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Marine Steering System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?