Market Overview:
The global fin stabilizer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vessels, merchant vessels, naval vessels, and fishing vessels across the globe. Additionally, the increasing awareness about the benefits of using fin stabilizers is also contributing to the growth of this market. The retractable fin stabilizers segment is expected to grow at a higher CAGR than that of non-retractable fin stabilizers during the forecast period. This can be attributed to their ability to provide better stability and fuel efficiency as compared with non-retractable fins.
Product Definition:
A fin stabilizer is a device used to stabilize an object in motion. It is most commonly used on boats and ships, but can be used for other objects as well. The fin stabilizer helps to keep the boat or object from rotating or moving side to side by creating a more stable surface area. This is especially important when travelling at high speeds or in rough waters.
Retractable Fin Stabilizers:
Retractable fin stabilizers are devices used to stabilize the fin in a variety of water conditions. They can be used with fixed or retractable blades and are available in various forms such as plates, bars, and others. The most common application is when the surfers want to keep their feet dry but still want to catch waves.
Non-Retractable Fin Stabilizers:
Non-retractable fin stabilizers are used in the manufacture of surfactants and detergents. They have a high degree of polymerization and contain alkyl chain with long carbon chains. Non-retractable fin stabilizers are also known as linear alkylbenzene in which the benzene group is replaced by a non-hydrogen substituent such as methyl or ethyl groups.
Application Insights:
Passenger vessels accounted for the largest share in 2016 and are expected to maintain their dominance over the forecast period. The demand is projected to be fueled by growing tourism industry, particularly in developing countries such as China, India and Thailand. In addition, increasing disposable income of middle-class population along with rising per capita consumption of luxury cruise packages is anticipated to boost product demand over the forecast period.
The merchant vessel segment is estimated to register a significant CAGR from 2017 to 2030 owing to an increase in shipping activities due largelyto an increase in trade between developed economies coupled with a risein oil & gas exploration activities across key maritime nations such as China Japan South Korea Australia New Zealand Singapore Russia Saudi Arabia U.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for passenger vessels, fishing vessels, and merchant vessels on account of growing maritime trade activities. Increasing disposable income coupled with rising tourism activities are likely to drive regional product demand over the forecast period.
The North American market was valued at USD X billion in 2017 owing to high acceptance of technologically advanced products as well as a large number of manufacturers present in this region.
In Europe, countries such as France and Italy have witnessed increased adoption rate for recreational watercrafts such as kayaks.
Growth Factors:
- Increasing demand for Fin Stabilizer in the automotive industry as a result of stringent emission norms and fuel efficiency requirements.
- Growing demand for lightweight and high-performance materials in the aerospace industry to meet the increasing aircraft weight restrictions.
- Rising popularity of electric vehicles, which require advanced powertrain cooling systems that can be enhanced with Fin Stabilizer products.
- Rapid expansion of the construction sector in developing countries, where there is a growing need for energy-efficient HVAC systems that use Fin Stabilizers products as heat exchangers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fin Stabilizer Market Research Report
By Type
Retractable Fin Stabilizers, Non-Retractable Fin Stabilizers
By Application
Passenger Vessels, Merchant Vessels, Naval Vessels, Fishing Vessels
By Companies
Naiad Dynamics, Fincantieri, SKF Group, Quantum Marine Stabilizers, Wesmar (Western Marine Electronics), Mitsubishi Heavy Industries Marine Machinery & Equipment, Groupe Fouré Lagadec, Kongsberg Maritime (RRCM), Praxis Automation Technology, Matn’s Stabilizers, Naiad Dynamics, ABT TRAC, Sleipner Motor AS, Kobelt (Keypower Equipment), Veljan, China State Shipbuilding Corporation, Humphree
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Fin Stabilizer Market Report Segments:
The global Fin Stabilizer market is segmented on the basis of:
Types
Retractable Fin Stabilizers, Non-Retractable Fin Stabilizers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vessels, Merchant Vessels, Naval Vessels, Fishing Vessels
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Naiad Dynamics
- Fincantieri
- SKF Group
- Quantum Marine Stabilizers
- Wesmar (Western Marine Electronics)
- Mitsubishi Heavy Industries Marine Machinery & Equipment
- Groupe Fouré Lagadec
- Kongsberg Maritime (RRCM)
- Praxis Automation Technology
- Matn’s Stabilizers
- Naiad Dynamics
- ABT TRAC
- Sleipner Motor AS
- Kobelt (Keypower Equipment)
- Veljan
- China State Shipbuilding Corporation
- Humphree
Highlights of The Fin Stabilizer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Retractable Fin Stabilizers
- Non-Retractable Fin Stabilizers
- By Application:
- Passenger Vessels
- Merchant Vessels
- Naval Vessels
- Fishing Vessels
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fin Stabilizer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fin stabilizer is a chemical compound that helps to stabilize the fins on a fish or other aquatic animal.
Some of the major companies in the fin stabilizer market are Naiad Dynamics, Fincantieri, SKF Group, Quantum Marine Stabilizers, Wesmar (Western Marine Electronics), Mitsubishi Heavy Industries Marine Machinery & Equipment, Groupe Four© Lagadec, Kongsberg Maritime (RRCM), Praxis Automation Technology, Matn’s Stabilizers, Naiad Dynamics, ABT TRAC, Sleipner Motor AS, Kobelt (Keypower Equipment), Veljan, China State Shipbuilding Corporation, Humphree.
The fin stabilizer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fin Stabilizer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fin Stabilizer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fin Stabilizer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fin Stabilizer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fin Stabilizer Market Size & Forecast, 2018-2028
4.5.1 Fin Stabilizer Market Size and Y-o-Y Growth
4.5.2 Fin Stabilizer Market Absolute $ Opportunity
Chapter 5 Global Fin Stabilizer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fin Stabilizer Market Size Forecast by Type
5.2.1 Retractable Fin Stabilizers
5.2.2 Non-Retractable Fin Stabilizers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fin Stabilizer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fin Stabilizer Market Size Forecast by Applications
6.2.1 Passenger Vessels
6.2.2 Merchant Vessels
6.2.3 Naval Vessels
6.2.4 Fishing Vessels
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fin Stabilizer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fin Stabilizer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fin Stabilizer Analysis and Forecast
9.1 Introduction
9.2 North America Fin Stabilizer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fin Stabilizer Market Size Forecast by Type
9.6.1 Retractable Fin Stabilizers
9.6.2 Non-Retractable Fin Stabilizers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fin Stabilizer Market Size Forecast by Applications
9.10.1 Passenger Vessels
9.10.2 Merchant Vessels
9.10.3 Naval Vessels
9.10.4 Fishing Vessels
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fin Stabilizer Analysis and Forecast
10.1 Introduction
10.2 Europe Fin Stabilizer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fin Stabilizer Market Size Forecast by Type
10.6.1 Retractable Fin Stabilizers
10.6.2 Non-Retractable Fin Stabilizers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fin Stabilizer Market Size Forecast by Applications
10.10.1 Passenger Vessels
10.10.2 Merchant Vessels
10.10.3 Naval Vessels
10.10.4 Fishing Vessels
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fin Stabilizer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fin Stabilizer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fin Stabilizer Market Size Forecast by Type
11.6.1 Retractable Fin Stabilizers
11.6.2 Non-Retractable Fin Stabilizers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fin Stabilizer Market Size Forecast by Applications
11.10.1 Passenger Vessels
11.10.2 Merchant Vessels
11.10.3 Naval Vessels
11.10.4 Fishing Vessels
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fin Stabilizer Analysis and Forecast
12.1 Introduction
12.2 Latin America Fin Stabilizer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fin Stabilizer Market Size Forecast by Type
12.6.1 Retractable Fin Stabilizers
12.6.2 Non-Retractable Fin Stabilizers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fin Stabilizer Market Size Forecast by Applications
12.10.1 Passenger Vessels
12.10.2 Merchant Vessels
12.10.3 Naval Vessels
12.10.4 Fishing Vessels
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fin Stabilizer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fin Stabilizer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fin Stabilizer Market Size Forecast by Type
13.6.1 Retractable Fin Stabilizers
13.6.2 Non-Retractable Fin Stabilizers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fin Stabilizer Market Size Forecast by Applications
13.10.1 Passenger Vessels
13.10.2 Merchant Vessels
13.10.3 Naval Vessels
13.10.4 Fishing Vessels
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fin Stabilizer Market: Competitive Dashboard
14.2 Global Fin Stabilizer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Naiad Dynamics
14.3.2 Fincantieri
14.3.3 SKF Group
14.3.4 Quantum Marine Stabilizers
14.3.5 Wesmar (Western Marine Electronics)
14.3.6 Mitsubishi Heavy Industries Marine Machinery & Equipment
14.3.7 Groupe Fouré Lagadec
14.3.8 Kongsberg Maritime (RRCM)
14.3.9 Praxis Automation Technology
14.3.10 Matn’s Stabilizers
14.3.11 Naiad Dynamics
14.3.12 ABT TRAC
14.3.13 Sleipner Motor AS
14.3.14 Kobelt (Keypower Equipment)
14.3.15 Veljan
14.3.16 China State Shipbuilding Corporation
14.3.17 Humphree
