Market Overview:
Ship stabilizers are devices used to improve a ship's stability in waves and wind. They work by increasing the ship's metacentric height, which is the distance between the center of gravity and the metacenter. This increases righting moment, or resistance to overturning, which keeps a ship more stable in rough seas. There are two main types of ship stabilizers: retractable and not-retractable. Retractable stabilizers fold up against the hull when not in use, while not-retractable stabilizers remain extended at all times. Ship stabilization systems are used on all types of vessels, from small fishing boats to large cruise ships. The global market for ship stabilizers is expected to grow at a CAGR of 5% from 2018 to 2030. The growth will be driven by rising demand for maritime transportation services due to globalization and increasing trade volumes worldwide.
Product Definition:
Ship stabilizers are fins or wings mounted on the side of a ship, typically in the aft (rear) section, that improve a vessel's stability in rough seas. The importance of ship stabilizers is twofold: they both increase a ship's cargo capacity by reducing the amount of rolling motion and also make it easier for a crew to work aboard a pitching and rolling vessel.
Retractable Ship Stabilizers:
Retractable ship stabilizers are known to reduce the pitch and roll of a vessel. They function by absorbing or damping energy that is created as a result of slight movements in the ship. The primary function of retractable ship stabilizers is to keep the vessel on an even keel, which enables it to sail with greater efficiency and ease.
Not-Retractable Ship Stabilizers:
The Not-Retractable Ship Stabilizers (NRS) are a group of ship stabilizing devices that are used to counter rolling and pitch motion in ships. These devices assist the ship’s crew by providing an anti-tipping effect, thereby reducing the heeling moment and increasing stability.
Application Insights:
The ships at anchor application segment accounted for the largest revenue share of over 40% in 2017. The ships at anchor application requires a large number of stabilizers as they are required to maintain position while sailing in heavy weather. Increasing demand for such equipment on account of rising awareness about safety is expected to drive the segment growth over the forecast period.
The ships at low speed application segment is anticipated to register a significant CAGR from 2018 to 2030 owing to increasing demand from countries, where waterways are among the most important transport arteries across diverse regions including Europe and Asia Pacific. In addition, growing emphasis on reducing operational costs by adopting efficient machinery that aids in carrying out tasks with less crew members is likely to propel market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global ship stabilizers market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from China, India, South Korea and Japan. Asia Pacific has been witnessing a growing number of accidents at sea resulting in high demand for stabilizers on board ships as emergency equipment.
The North American regional market captured a revenue share of over 15% in 2016 owing to an increase in the number and severity of marine accidents coupled with stringent regulations by IMO (International Maritime Organization). In addition, rising awareness about safety measures among ship owners is anticipated to propel product demand over the forecast period.
Europe also held a significant share followed by Asia Pacific due to factors such as increased adoption rate of retractable stabilizers along with higher disposable income per capita especially in countries like Russia and UK which resulted into higher sales volume during 2012-2016 period.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been registering a steady growth in the past few years. This is primarily attributed to the increasing demand from developing countries, especially in Asia Pacific. As a result, the ship stabilizers market is expected to grow at a CAGR of over 4% during the forecast period.
- Growing popularity of cruise tourism: Cruise tourism is gaining immense popularity across the globe, owing to its unique holiday experience. This is further propelling the demand for ship stabilizers, as they help improve passenger comfort and safety while on board ships.
- Technological advancements: The ship stabilizers market is witnessing rapid technological advancements, with manufacturers introducing new and innovative products into the market. This is helping boost sales and expand customer base of ship stabilizers manufacturers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Stabilizers Market Research Report
By Type
Retractable Ship Stabilizers, Not-Retractable Ship Stabilizers
By Application
Ships At Anchor, Ships At Low Speed, Ships At High Speed
By Companies
VETUS Commercial, ORBIT GYRO, SWI-TEC, RotorSwing, GEPS Techno, Humphree, MATN'S Stabilizers, Quick, Rolls-Royce, Kobelt, Sleipner Motor AS, Forespar, Quantum Controls, ABT•TRAC
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Ship Stabilizers Market Report Segments:
The global Ship Stabilizers market is segmented on the basis of:
Types
Retractable Ship Stabilizers, Not-Retractable Ship 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
Ships At Anchor, Ships At Low Speed, Ships At High Speed
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:
- VETUS Commercial
- ORBIT GYRO
- SWI-TEC
- RotorSwing
- GEPS Techno
- Humphree
- MATN'S Stabilizers
- Quick
- Rolls-Royce
- Kobelt
- Sleipner Motor AS
- Forespar
- Quantum Controls
- ABT•TRAC
Highlights of The Ship 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:
- Retractable Ship Stabilizers
- Not-Retractable Ship Stabilizers
- By Application:
- Ships At Anchor
- Ships At Low Speed
- Ships At High Speed
- 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 Ship 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
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?
Ship stabilizers are devices that are installed on ships to keep them from moving. They can be either mechanical or electronic.
Some of the major companies in the ship stabilizers market are VETUS Commercial, ORBIT GYRO, SWI-TEC, RotorSwing, GEPS Techno, Humphree, MATN'S Stabilizers, Quick, Rolls-Royce, Kobelt, Sleipner Motor AS, Forespar, Quantum Controls, ABT•TRAC.
The ship stabilizers market is expected to register a CAGR of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ship 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 Ship Stabilizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship 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 Ship 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 Ship Stabilizers Market Size & Forecast, 2020-2028
4.5.1 Ship Stabilizers Market Size and Y-o-Y Growth
4.5.2 Ship 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 Retractable Ship Stabilizers
5.2.2 Not-Retractable Ship Stabilizers
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 Ships At Anchor
6.2.2 Ships At Low Speed
6.2.3 Ships At High Speed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship 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 Ship 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 Retractable Ship Stabilizers
9.6.2 Not-Retractable Ship 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 Market Size Forecast by Applications
9.10.1 Ships At Anchor
9.10.2 Ships At Low Speed
9.10.3 Ships At High Speed
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 Retractable Ship Stabilizers
10.6.2 Not-Retractable Ship 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 Market Size Forecast by Applications
10.10.1 Ships At Anchor
10.10.2 Ships At Low Speed
10.10.3 Ships At High Speed
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 Retractable Ship Stabilizers
11.6.2 Not-Retractable Ship 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 Market Size Forecast by Applications
11.10.1 Ships At Anchor
11.10.2 Ships At Low Speed
11.10.3 Ships At High Speed
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 Retractable Ship Stabilizers
12.6.2 Not-Retractable Ship 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 Market Size Forecast by Applications
12.10.1 Ships At Anchor
12.10.2 Ships At Low Speed
12.10.3 Ships At High Speed
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 Retractable Ship Stabilizers
13.6.2 Not-Retractable Ship 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) Market Size Forecast by Applications
13.10.1 Ships At Anchor
13.10.2 Ships At Low Speed
13.10.3 Ships At High Speed
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 Ship Stabilizers Market: Competitive Dashboard
14.2 Global Ship Stabilizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VETUS Commercial
14.3.2 ORBIT GYRO
14.3.3 SWI-TEC
14.3.4 RotorSwing
14.3.5 GEPS Techno
14.3.6 Humphree
14.3.7 MATN'S Stabilizers
14.3.8 Quick
14.3.9 Rolls-Royce
14.3.10 Kobelt
14.3.11 Sleipner Motor AS
14.3.12 Forespar
14.3.13 Quantum Controls
14.3.14 ABT•TRAC
