Published on : Dec 11, 2019
Marine fin stabilizers are required to stabilize the motion of the ship in order to reduce passenger and crew discomfort. Technological advancements fuel the growth of global marine fin stabilizer market. Technologies including zero speed stabilization enhances ship stability at zero or very low speed. Many stake holders are innovating designs for marine fin stabilizers to enhance its performance. Curved design of fin stabilizers is gaining prominence on the backdrop of greater fuel consumption by large fin stabilizers. Curved fin stabilizers are popular for their positive attributes including enhanced stability and fuel-efficiency.
Global marine fin stabilizers market was estimated to be around US$100Mn in the year 2018. The market is expected to grow at ?3.6% CAGR in the forecast period.
An intelligence report titled, “Marine Fin Stabilizer Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Retractable fin stabilizer is lucrative segment
Retractable fin stabilizer is projected to be highly lucrative segment and growth in sale of yacht and cruise along with reduced drags while retraction are the primary factors that are expected to drive the demand for retractable fin stabilizers in near future. East Asia is forecasted to own three-fourth of the global market share in the forecast period 2019-2029. Presence of huge shipbuilding industry in regions including China, South Korea and Japan primarily contribute in the market growth in East Asia.
Major players are introducing new products to gain greater market penetration. Imtra launched a new type of curved fin stabilizers which come with reduced drag and greater fuel efficacy. The global marine fin stabilizer market is dominated by a handful of players. Tier 1 players such as Naiad Dynamics, FINCANTIERI S.p.A., Imtra Corp. and Quantum Marine Stabilizers have vast network across the globe and hold more than half of the global market. Tier 2 players along with others own around 45% of the global market owing to its strong regional presence.
Global marine fin stabilizer market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global marine fin stabilizer market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global marine fin stabilizer market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on marine fin stabilizer.
An insightful and deep-dive assessment of the competitive assessment of the Global marine fin stabilizer market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global marine fin stabilizer market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global marine fin stabilizer market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global marine fin stabilizer market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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