Marine Fin Stabilizer Market - A Gateway to Hassle-Free Voyage

Market Players Ride the Wave of ‘Innovation’ to Enhance Personnel and Voyager Safety

  • 2019-09-20
  • REP-GB-6171
  • 41 Tables
  • 132 Figures
  • 285 pages
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A Shift towards ‘Electrification’ and ‘Hydrodynamics’ for Enhanced Decision-Making and Control

The quest for straightforward operation of vessels is amplifying among the drivers of cruises and large vessels – a factor fueling the demand for electricity driven marine fin stabilizers. Helmsmen are able to handle the motion of fin stabilizers via a touch screen panel installed on the bridge and engine room control. Adaptive mode of electricity driven marine fin stabilizers enable automatic adjustment of angle and speed. In addition, the operating system features a manual mode, allowing the captains to handle the marine fin stabilizers arduously.

The electricity driven marine fin stabilizers assist handling of 4 fins, thereby decreasing roll up completely during navigation, and substantially at anchor. The aspect of 360 degrees rotation permits fins to escape effortlessly while confronting submerged objects during cruise, minimizing the risk of holing the hull. Fully proportional automatic Angle-Velocity-Acceleration (AVA) closed loop control system connects to hydraulic systems – anchor windlasses, and stabilizers into a single control panel for maximum control. Furthermore, the AVA systems helps the electro-hydraulic marine fin stabilizers to apply significant torque in a bid to fulfill cyclic loads on the fins.

Frequently Asked Questions About marine fin stabilizer market

How much was the global marine fin stabilizer market worth in 2018?

The global marine fin stabilizers market revenue was valued at US$100 Mn in 2018, and is poised to grow at a CAGR of 3.6% during the forecast period 2019-2029. The market is expected to catapult further with growing number of passenger and merchant vessels.

How is the market growth augmented by first fit installation?

First fit installations of marine fin stabilizers has been gaining momentum, as passenger safety and comfort continue to be a major concern. Rise in the number of cruise ship and luxury yacht are further influencing the first fit installation of marine fin stabilizers.

In what way electrification and hydrodynamics enhancing the decision-making control?

With electrification and hydrodynamics, it has become easier for the steersman to handle the motion of fin stabilizers through engine room control and touch screen panel installed on the bridge. Adaptive mode of electricity driven by marine fin stabilizers can enable automotive adjustments of speed and angle.  

How is marine tourism creating opportunities for market growth?

Change in preference of the consumers for vacationing is driving the growth of the marine tourism sector. In North America and Europe, cruising has become an entrenched trend, driving the demand for cruise ships and luxury yachts. Hence, the growing demand for marine tourism activities is projected to be the major factor in creating opportunities for the market growth.

Which regional market is experiencing robust growth?

East Asia’s marine fin stabilizers market accounted for the largest revenue share of 76% in 2018 and is expected to maintain its dominance throughout 2029. Europe’s marine fin stabilizers market is also expected to grow at a rapid pace. 

How are market players coping up to maintain their position?

Market players are continuously working on product development. They are introducing curved marine fin stabilizers for intra range of yachts and cruises. Manufacturers are also offering retrofitting services for revamping the control system units of the marine stabilizers.

Negotiating Roll Up Motion with Zero Speed Stabilization

Manufacturers are leveraging proprietary technology, including zero speed stabilization, for enhancing roll stability, at low and zero speeds. The foil expands in the zero speed stabilizing systems, providing increased surface area in unison with doubling lift force generation. While in the underway mode, the foil retracts, decreasing the surface area and negotiating the drag. The zero speed stabilization embraces the ‘Magnus Effect’, a phenomenon where a rotating cylinder generates lift (stabilization) analogous to the rotational speed and direction.

The rotors are positioned more horizontally to the waterline, aiding in application of majority of lift force to tackle the roll motion. The dual purpose zero speed stabilization is fully retractable, resulting in lesser power consumption with high aspect foil ratio. Further, the patented solution is highly compatible with the existing marine fin stabilizers – a major lead.

East Asia to Offer Platter of Opportunities with Booming Shipbuilding Activities

Sustainable progress in shipbuilding activities in the East Asian countries including Japan, China, and South Korea is garnering noteworthy attention of market players. With oil & gas prices undergoing steady recovery across the globe, China is likely to observe mushrooming growth in seaborne trade with Middle East and the US, leading to increasing merchant fleet. As such, manufacturers of marine fin stabilizers are setting their prime focus on Asian countries. Further, enterprisers are driven by the fact that the Chinese, Korean and Japanese yards secured tremendous increase in new shipbuilding orders.

Proprietary Technology – A Key Tenet to Define Stakeholders’ Tactics

Government regulations across the world are issuing a clarion call for achieving sustainability, compelling players such as, SKF, to incline towards the manufacturing of marine fin stabilizer covers for tackling drag, and enhancing fuel efficiency. Market forces, including Quantum Marine Stabilizers, are targeting to focus on the development of zero speed marine fin stabilizers for anchor or rest capable of counteracting ship rolling while at rest or anchor.

Conventional marine fin stabilizers create significant drag during fast-paced voyages, resulting in greater fuel dependence. As such, market players are introducing curved marine fin stabilizers owing to intra range for yachts, and cruises. Legacy marine fin stabilizers lack the ability to control the motion of fins, encouraging manufacturers to offer retrofitting services for revamping the control system units of the marine fin stabilizers. Furthermore, surging progress in the coastal tourism of ASEAN countries – Thailand, and Indonesia – is grabbing the eyes of participants.

Surging demand for retractable

Non-retractable to pick pace

 

High adoption in merchant vessels

Growing use in passenger vessels

 

First fit remains highly preferred

Retro fit to gain momentum

 

How Growth will Unfold

With maritime and coastal tourism facing an upward trajectory across the globe, the demand from cruise operators for suitable marine fin stabilizers is intensifying to assure convenience to the passengers onboard. The rising requirement for cargo vessels syncs with the moderate recovery of global oil & gas prices – a factor intriguing the marine fin stabilizer manufacturers

On the flip side, traditional marine fin stabilizers affect the speed of the cruise by a few knots due to drag, confining their application to large vessels. Performance oriented yacht manufacturers are turning turn to rival components – gyro stabilizers, retracting foils and rotors - on grounds of compact dimensions, and elimination of appendages.

Key Growth Catalyzers of Marine Fin Stabilizers Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Marine Fin Stabilizer Market Analysis 2019-2029

A new report on “Marine Fin Stabilizer Market” by FMI provides detailed insights on key factors affecting the growth of the marine fin stabilizer market, along with historical trends, future growth prospects, market dynamics, competition analysis and region wise market breakdown. The research report contains exhaustive market analysis, achieved by meticulous research with maximum precision.

Marine Fin Stabilizers Market Taxonomy

The global marine fin stabilizer market is segmented into four categories based on product type, vessel type, fit type and region.

Product Type

  • Retractable Fin Stabilizers
  • Non-Retractable Fin Stabilizers
  • Anchor Fin Stabilizers

Vessel Type

  • Fishing Vessels
  • Passenger Vessels
    • Ferries
    • Cruises
    • Yachts
  • Navy & Coast Guard Vessels
  • Merchant Vessels

Fit Type

  • First Fit
  • Retro Fit

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

What's Included

The executive summary of the marine fin stabilizer market includes a summary of the market trends, key findings, trends, and analysis and recommendations for market growth.

Market definition, key inclusions and market taxonomy of the marine fin stabilizer market report are covered in this chapter.

A description of key market trends currently transforming the marine fin stabilizer market landscape are presented in this section.

This chapter provides a list of key success factors for the manufacturers in marine fin stabilizer market.

Value analysis and forecast of the marine fin stabilizer market for the 2014-2029 period are provided in this chapter.

Pricing analysis of marine fin stabilizer market on the basis of product type is mentioned in this chapter. Weighted average price for the global region along with volumetric share of the product type can be found in this chapter.

This chapter provides historical market value for the period 2014-2018 along with market forecast for the projected period of 2019-2029. Absolute $ opportunity and market trends for the marine fin stabilizer market are also mentioned in this chapter.

The market background section of the marine fin stabilizer market report covers macro-economic factors, drivers, restraints, opportunity analysis and forecast factors, which are anticipated to influence the growth of the market over the projected period.

Based on the product type, the marine fin stabilizer market is segmented into retractable fin stabilizers, non-retractable fin stabilizers and anchor fin stabilizers. In this chapter, readers can find information about the key trends and developments in the marine fin stabilizer market and market attractiveness analysis based on the material type.

This chapter provides details about the marine fin stabilizer market based on vessel type, and has been classified into passenger vessels, navy and coast guard vessels, fishing vessels and merchant vessels. The passenger vessels is again segmented into ferries, cruises and yachts. In this chapter, readers can understand the market attractiveness analysis based on the vessel type.

This chapter provides details about the marine fin stabilizer market based on the fit type, and has been classified into first fit and retro fit. In this chapter, readers can understand the market attractiveness analysis based on the fit type.

This chapter provides the marine fin stabilizer market growth across several geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA (Middle East & Africa).

A detailed analysis of growth trends of the North America marine fin stabilizer market, pricing analysis, regional trends, along with a country-wise assessment that includes the U.S. and Canada is included in this chapter.

Growth scenario of the marine fin stabilizer market in Latin American countries like Brazil, Mexico, and the Rest of Latin America, along with assessment of the market across target segments has been provided in this chapter.

Important growth prospects of the marine fin stabilizer market based on its end users in several countries such as Germany, Italy, France, U.K., Spain, Russia, BENELUX and the Rest of Europe are included in this chapter.

A detailed analysis of growth trends of the South Asia marine fin stabilizer market, pricing analysis, regional trends, along with a country-wise assessment of India, Thailand, Indonesia, Malaysia and the Rest of South Asia are presented in this chapter.

Important growth prospects of the East Asia marine fin stabilizer market across countries such as China, Japan, and South Korea are included in this chapter.

This chapter highlights the growth of the marine fin stabilizer market in Oceania by focusing on Australia and New Zealand.

Growth trends of marine fin stabilizer market in MEA region across GCC, Turkey, South Africa, and Rest of Middle East & Africa are presented in this chapter.

Growth trends of marine fin stabilizer market across emerging countries in the market like India, Indonesia and South Africa are presented in this chapter.

In this chapter, detailed information about the competition tier structure analysis and market concentration of key players in the marine fin stabilizer market, along with their market presence analysis by region and product portfolio.

Detailed analysis of key players in the marine fin stabilizer market with company overview, financial performance, strategic overview, and SWOT analysis are presented in this chapter. Some of the market players featured in the report are Naiad Dynamics, Imtra Corp., FINCANTIERI S.p.A., SKF Group and Quantum Marine Stabilizers, among others.

A list of acronyms and assumptions used in the marine fin stabilizer report.

A description of research methodology used to obtain the market size of the marine fin stabilizer market is detailed in the section.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-Term and Long-Term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

 

Secondary Research

  • Industry Publications
    • UNCTAD
    • ICS
    • Europa
    • World bank
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits marine fin stabilizer market designations

Primary Interview Splits marine fin stabilizer market stakeholders

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