Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Marine Steering System Market by Type (Electronic Power Steering, Hydraulic Steering, Mechanical Steering), By Application (Outboard Steering, Inboard Steering) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Marine Steering System Market by Type (Electronic Power Steering, Hydraulic Steering, Mechanical Steering), By Application (Outboard Steering, Inboard Steering) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 158598 3300 Machinery & Equipment 377 241 Pages 4.6 (37)

Market Overview:

The global marine steering system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury boats and yachts, rising awareness about safety and security measures while sailing, and growing maritime tourism industry. The global marine steering system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into electronic power steering (EPS), hydraulic steering, and mechanical steering. Electronic power steering dominates the global marine steering system market due to its advantages such as easy installation, low maintenance cost, high efficiency & performance levels compared to other types of steerings systems available in the market. Hydraulic steered vessels are used mainly in commercial shipping applications owing to their higher load carrying capacity as compared with vessels steered by other means; however this type accounts for a small share of total revenue generated by thismarket currently . Mechanical steered vessels are witnessing a decline in demand due to their lower efficiency levels as compared with EPS-steered vessels; however they continue find use in certain niche applications where electric or hydraulic systems are not feasible or reliable options .

Global Marine Steering System Industry Outlook

Product Definition:

A marine steering system is a device used to steer a watercraft. It usually consists of a rudder, tiller arm, and steering wheel or joystick. The system allows the operator to control the direction in which the vessel travels.

Electronic Power Steering:

Electronic power steering (EPS) is a type of marine steering system that uses an electrical motor for the purpose of providing assistance to the ship’s wheel. The motor assists in moving the wheel through either a direct drive or gear reduction mechanism. EPS systems are used in both inland and coastal vessels, including tugs, barges, lighters, ferries as well as cruise ships and super yachts.

Hydraulic Steering:

Hydraulic steering is a system that uses hydraulic power to steer the ship. It is mostly used in marine steering systems where the steered wheel or mechanism is mounted on an engine block and connected by means of hoses or tubes to hydraulic pumps, which move the wheels through valves. The system can be single-wheel, double-wheel (with hand control), or multi-wheeled (with manual control).

The advantages of using hydraulic steering are that it offers high speed.

Application Insights:

Inboard steering dominated the market in terms of revenue share in 2017. The application is expected to witness significant growth over the forecast period owing to its ability to steer a ship into desired directions with less power consumption and reduced emissions. In addition, it also allows for easy maneuverability as compared to outboard steering systems due Steering System on Outboards which requires more power and larger propellers for effective navigation.

The outboard segment is projected register notable CAGR during the forecast period owing to its ability steer a vessel at high speeds while consuming low amount of energy and producing low amount of wake. Furthermore, it also reduces operational costs by reducing maintenance requirements as well as crew training since all operations are controlled through one single system using hydraulic or mechanical rudders attached with propellers on each end respectively.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. Increasing disposable income levels coupled with growing demand for recreational boating activities are projected to drive regional growth over the coming years.

The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to rising product adoption by marine manufacturers operating within this region.

North America accounted for a significant share of revenue generated within global arena in 2017 owing to high popularity of watercraft among U.

Growth Factors:

  • Increasing demand for marine vessels for commercial and recreational purposes
  • Growing popularity of luxury yachts and boats
  • Rising concerns over safety and security while sailing
  • Proliferation of advanced steering systems with enhanced features
  • Technological advancements in the field of marine steering system

Scope Of The Report

Report Attributes

Report Details

Report Title

Marine Steering System Market Research Report

By Type

Electronic Power Steering, Hydraulic Steering, Mechanical Steering

By Application

Outboard Steering, Inboard Steering

By Companies

SeaStar Solutions, Uflex, Mercury Marine, ZF, Vetus, Sperry Marine, Twin Disc, Lewmar, HyDrive Engineering, Lecomble?Schmitt, Pretech, Mavi Mare

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Marine Steering System Market Report Segments:

The global Marine Steering System market is segmented on the basis of:


Electronic Power Steering, Hydraulic Steering, Mechanical Steering

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.


Outboard Steering, Inboard Steering

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:

  1. SeaStar Solutions
  2. Uflex
  3. Mercury Marine
  4. ZF
  5. Vetus
  6. Sperry Marine
  7. Twin Disc
  8. Lewmar
  9. HyDrive Engineering
  10. Lecomble?Schmitt
  11. Pretech
  12. Mavi Mare

Global Marine Steering System Market Overview

Highlights of The Marine Steering System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Electronic Power Steering
    2. Hydraulic Steering
    3. Mechanical Steering
  1. By Application:

    1. Outboard Steering
    2. Inboard Steering
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Marine Steering System 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:

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Global Marine Steering System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A Marine Steering System (MSS) is a type of marine navigation system that uses a combination of electronic and mechanical devices to help the captain or pilot steer the boat. The MSS may include an autopilot, radar, sonar, and chartplotter.

Some of the key players operating in the marine steering system market are SeaStar Solutions, Uflex, Mercury Marine, ZF, Vetus, Sperry Marine, Twin Disc, Lewmar, HyDrive Engineering, Lecomble?Schmitt, Pretech, Mavi Mare.

The marine steering system market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Marine Steering System Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Marine Steering System Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Marine Steering System Market - Supply Chain
   4.5. Global Marine Steering System Market Forecast
      4.5.1. Marine Steering System Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Marine Steering System Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Marine Steering System Market Absolute $ Opportunity

5. Global Marine Steering System Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Marine Steering System Market Size and Volume Forecast by Type
      5.3.1. Electronic Power Steering
      5.3.2. Hydraulic Steering
      5.3.3. Mechanical Steering
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Marine Steering System Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Marine Steering System Market Size and Volume Forecast by Application
      6.3.1. Outboard Steering
      6.3.2. Inboard Steering
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Marine Steering System Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Marine Steering System Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Marine Steering System Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Marine Steering System Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Marine Steering System Demand Share Forecast, 2019-2026

9. North America Marine Steering System Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Marine Steering System Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Marine Steering System Market Size and Volume Forecast by Application
      9.4.1. Outboard Steering
      9.4.2. Inboard Steering
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Marine Steering System Market Size and Volume Forecast by Type
      9.7.1. Electronic Power Steering
      9.7.2. Hydraulic Steering
      9.7.3. Mechanical Steering
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Marine Steering System Demand Share Forecast, 2019-2026

10. Latin America Marine Steering System Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Marine Steering System Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Marine Steering System Market Size and Volume Forecast by Application
      10.4.1. Outboard Steering
      10.4.2. Inboard Steering
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Marine Steering System Market Size and Volume Forecast by Type
      10.7.1. Electronic Power Steering
      10.7.2. Hydraulic Steering
      10.7.3. Mechanical Steering
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Marine Steering System Demand Share Forecast, 2019-2026

11. Europe Marine Steering System Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Marine Steering System Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Marine Steering System Market Size and Volume Forecast by Application
      11.4.1. Outboard Steering
      11.4.2. Inboard Steering
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Marine Steering System Market Size and Volume Forecast by Type
      11.7.1. Electronic Power Steering
      11.7.2. Hydraulic Steering
      11.7.3. Mechanical Steering
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Marine Steering System Demand Share, 2019-2026

12. Asia Pacific Marine Steering System Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Marine Steering System Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Marine Steering System Market Size and Volume Forecast by Application
      12.4.1. Outboard Steering
      12.4.2. Inboard Steering
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Marine Steering System Market Size and Volume Forecast by Type
      12.7.1. Electronic Power Steering
      12.7.2. Hydraulic Steering
      12.7.3. Mechanical Steering
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Marine Steering System Demand Share, 2019-2026

13. Middle East & Africa Marine Steering System Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Marine Steering System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Marine Steering System Market Size and Volume Forecast by Application
      13.4.1. Outboard Steering
      13.4.2. Inboard Steering
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Marine Steering System Market Size and Volume Forecast by Type
      13.7.1. Electronic Power Steering
      13.7.2. Hydraulic Steering
      13.7.3. Mechanical Steering
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Marine Steering System Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Marine Steering System Market: Market Share Analysis
   14.2. Marine Steering System Distributors and Customers
   14.3. Marine Steering System Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. SeaStar Solutions Overview Financials Developments Strategic Outlook
      14.4.2. Uflex Overview Financials Developments Strategic Outlook
      14.4.3. Mercury Marine Overview Financials Developments Strategic Outlook
      14.4.4. ZF Overview Financials Developments Strategic Outlook
      14.4.5. Vetus Overview Financials Developments Strategic Outlook
      14.4.6. Sperry Marine Overview Financials Developments Strategic Outlook
      14.4.7. Twin Disc Overview Financials Developments Strategic Outlook
      14.4.8. Lewmar Overview Financials Developments Strategic Outlook
      14.4.9. HyDrive Engineering Overview Financials Developments Strategic Outlook
      14.4.10. Lecomble?Schmitt Overview Financials Developments Strategic Outlook
      14.4.11. Pretech Overview Financials Developments Strategic Outlook
      14.4.12. Mavi Mare Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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