Market Overview:
The Global Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market is expected to grow at a CAGR of XX% and reach a market size of US$XX million by 2030. The market is segmented by type, application and region. On the basis of type, the market is segmented into 2-axis, 3-axis and others. On the basis of application, the market is segmented into yacht, commercial work boats and others. The regions covered in this study are North America, Latin America, Europe Asia Pacific and Middle East & Africa.
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Product Definition:
A marine gyro stabilizer is a device that uses a spinning rotor to maintain stability in rolling and pitching motions. They are often used on boats and ships to keep them stable in rough seas.
2-axis:
2-axis gyroscopic stabilizers are used to eliminate the rolling and pitch motion of a vessel. The product is widely used in luxury yachts, cruise ships, ferries and other commercial vessels. It helps in maintaining stability by reducing the oscillation caused due to wave movement or any other external forces acting on the ship. 2-axis gyroscopes can be mounted fore/aft or side/side depending upon their location on a ship (e.g.
3-axis:
3-axis gyroscopes are used in the marine industry for stabilizing equipment such as fish finders, depth finders, anchor winch controllers and ship's wheel. The 3-axis gyroscopic systems have 360 degree coverage which helps in providing stability to the device it is mounted on. It can be used with any equipment that requires a rotational or vertical movement.
Application Insights:
Commercial vessels were the largest application segment and accounted for a revenue share of over 60% in 2017. The rising importance of stabilizers with respect to safety, comfort, and reliability is expected to drive the demand for these devices in commercial vessels. Furthermore, increasing utilization of stabilizers with electronic equipment such as navigation systems is anticipated to further boost product demand over the forecast period.
The yacht segment was estimated at USD 446 million in 2017 owing to growing concerns regarding vessel stability during rough weather conditions including heavy seas and high wind speeds experienced during yacht tours across various parts of the world.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to continue its dominance throughout the forecast period. This growth can be attributed to increasing demand for recreational and leisure vessels, especially fishing boats, as well as commercial ships and yachts. Increasing disposable income coupled with growing tourism industry is also expected to drive product demand over the forecast period.
North America accounted for a significant share in 2017 owing to high adoption rate of marine gyroscopic stabilizers on recreational vessels such as sailboats and powerboats along with other factors such as rising popularity of marine sports activities, water adventures, white-water rafting etc.
Growth Factors:
- Increasing demand for marine gyro stabilizers in the commercial and recreational vessels owing to the benefits offered such as improved fuel efficiency, reduced motion sickness and increased passenger comfort.
- Growing popularity of luxury yachts and cruise ships, which are equipped with advanced marine gyro stabilizers for enhanced performance and safety.
- Rising investments in the maritime sector by governments across the globe to develop new ports and upgrade existing infrastructure, which is expected to create opportunities for marine gyro stabilizer manufacturers/suppliers.
- Proliferation of advanced technologies such as fly-by-wire systems that are being adopted in maritime applications, thereby driving demand for marine gyro stabilizers with superior performance characteristics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Research Report
By Type
2-axis, 3-axis, Others
By Application
Yacht, Commercial Work Boats, Others
By Companies
VEEM Gyros, Seakeeper (Asia Diesel Electric), Quick
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Report Segments:
The global Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) market is segmented on the basis of:
Types
2-axis, 3-axis, Others
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
Yacht, Commercial Work Boats, Others
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:
- VEEM Gyros
- Seakeeper (Asia Diesel Electric)
- Quick
 Market Overview.svg)
Highlights of The Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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:
- 2-axis
- 3-axis
- Others
- By Application:
- Yacht
- Commercial Work Boats
- Others
- 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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
A Marine Gyroscopic Stabilizers (MGS) is a device that stabilizes a vessel's motion by correcting its rotation.
Some of the major companies in the marine gyroscopic stabilizers (marine gyro stabilizers) market are VEEM Gyros, Seakeeper (Asia Diesel Electric), Quick.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Size & Forecast, 2020-2028
4.5.1 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Size and Y-o-Y Growth
4.5.2 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 2-axis
5.2.2 3-axis
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Yacht
6.2.2 Commercial Work Boats
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 2-axis
9.6.2 3-axis
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Yacht
9.10.2 Commercial Work Boats
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 2-axis
10.6.2 3-axis
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Yacht
10.10.2 Commercial Work Boats
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 2-axis
11.6.2 3-axis
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Yacht
11.10.2 Commercial Work Boats
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 2-axis
12.6.2 3-axis
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Yacht
12.10.2 Commercial Work Boats
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 2-axis
13.6.2 3-axis
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Yacht
13.10.2 Commercial Work Boats
13.10.3 Others
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 Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market: Competitive Dashboard
14.2 Global Marine Gyroscopic Stabilizers (Marine Gyro Stabilizers) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VEEM Gyros
14.3.2 Seakeeper (Asia Diesel Electric)
14.3.3 Quick
