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Global Marine Fin Stabilizer Market to reach USD XX billion by 2028.

Global Marine Fin Stabilizer Market to reach USD XX billion by 2028.

Product Code: ALTAWT-11053736
Publish Date: 16-03-2022
Page: 200

Global Marine Fin Stabilizer Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Fin stabilizers provide resistance to the excess rolling of a ship in either direction and are helpful in better fuel and speed performance on rough seas, crew safety and operational efficiency. The stabilizers on a ship extend beyond both sides of the vessel under the water, preventing it from excessive rolling from side to side. This assists the ship in cutting through the water more effectively. Growing marine fleet size in post covid era and rising R&D activities and new product launches are key drivers for the growth of Marine Fin Stabilizer market. For instance, according to Baltic and International Maritime Council (BIMCO) (Bagsvaerd, Denmark based world’s largest international shipping association)- As of 2020 the LNG tanker fleet currently count 593 ships, and 85% of the fleet can be found within the cargo carrying capacity range of 100,000-200,000 cubic meters. Furthermore, as per projections LNG fleet would witness a compound annual growth rate (CAGR) of 6.7% between 2021 and 2025 and would reach to 819 ships at the end of 2025. In recent events in September 2020 SKF group, a Swedish bearing and seal manufacturing company has launched electrically powered, non-retractable, fin stabilizers, designed for luxury yachts measuring 55 metres. Furthermore, in October 2021, Kongsberg Maritime company, has collaborated with Finnish shipyard Rauma Marine Constructions (RMC) to deliver propulsion and steering equipment. Also, with increasing cross border trade and growing maritime tourism in emerging economies, the adoption & demand for Marine Fin Stabilizer is likely to increase the market growth during the forecast period. However, decline in Maritime trade due to pandemic restrictions impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Marine Fin Stabilizer Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to growing cross border trade and presence of leading manufacturers in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing Maritime Trade in the region would create lucrative growth prospects for the Marine Fin Stabilizer Market across Asia-Pacific region.

Major market player included in this report are:
The Neptune
Groupe Foure Lagadec
Fincantieri S.p.A
SKF Group
Western Marine Electronics Inc.
Imtra Corp
Kongsberg Maritime (RRCM)
The NAIAD Dynamics US Inc
Mitsubishi Heavy Industries
Quantum Marine Stabilizers
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Retractable fin stabilizers
Non- retractable fin stabilizers
Anchor or rest stabilizers
By Vessel Type:
Passenger Vessels
Naval and Coast Guard Vessels
Fishing Vessels
Merchant Vessels
By Fit Type:
First Fit
Retro Fit
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Marine Fin Stabilizer Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Marine Fin Stabilizer Market, by Region, 2020-2028 (USD Billion)
1.2.2. Marine Fin Stabilizer Market, by Product Type, 2020-2028 (USD Billion)
1.2.3. Marine Fin Stabilizer Market, by Vessel Type, 2020-2028 (USD Billion)
1.2.4. Marine Fin Stabilizer Market, by Fit Type, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Marine Fin Stabilizer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Marine Fin Stabilizer Market Dynamics
3.1. Marine Fin Stabilizer Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing marine fleet size in post covid era. Rising R&D activities and new product launches.
3.1.2. Market Challenges Decline in Maritime trade due to pandemic restrictions.
3.1.3. Market Opportunities Rising cross border trade in emerging economies. Growing Maritime tourism in emerging Markets.
Chapter 4. Global Marine Fin Stabilizer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Marine Fin Stabilizer Market, by Product Type
6.1. Market Snapshot
6.2. Global Marine Fin Stabilizer Market by Product Type, Performance – Potential Analysis
6.3. Global Marine Fin Stabilizer Market Estimates & Forecasts by Product Type 2019-2028 (USD Billion)
6.4. Marine Fin Stabilizer Market, Sub Segment Analysis
6.4.1. Retractable Fin Stabilizers
6.4.2. Non- Retractable Fin Stabilizers
6.4.3. Anchor Or Rest Stabilizers
Chapter 7. Global Marine Fin Stabilizer Market, by Vessel Type
7.1. Market Snapshot
7.2. Global Marine Fin Stabilizer Market by Vessel Type, Performance – Potential Analysis
7.3. Global Marine Fin Stabilizer Market Estimates & Forecasts by Vessel Type 2019-2028 (USD Billion)
7.4. Marine Fin Stabilizer Market, Sub Segment Analysis
7.4.1. Passenger Vessels
7.4.2. Naval and Coast Guard Vessels
7.4.3. Fishing Vessels
7.4.4. Merchant Vessels
Chapter 8. Global Marine Fin Stabilizer Market, by Fit Type
8.1. Market Snapshot
8.2. Global Marine Fin Stabilizer Market by Fit Type, Performance – Potential Analysis
8.3. Global Marine Fin Stabilizer Market Estimates & Forecasts by Fit Type 2019-2028 (USD Billion)
8.4. Marine Fin Stabilizer Market, Sub Segment Analysis
8.4.1. First Fit
8.4.2. Retro Fit
Chapter 9. Global Marine Fin Stabilizer Market, Regional Analysis
9.1. Marine Fin Stabilizer Market, Regional Market Snapshot
9.2. North America Marine Fin Stabilizer Market
9.2.1. U.S. Marine Fin Stabilizer Market Product Type breakdown estimates & forecasts, 2019-2028 Vessel Type breakdown estimates & forecasts, 2019-2028 Fit Type breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Marine Fin Stabilizer Market
9.3. Europe Marine Fin Stabilizer Market Snapshot
9.3.1. U.K. Marine Fin Stabilizer Market
9.3.2. Germany Marine Fin Stabilizer Market
9.3.3. France Marine Fin Stabilizer Market
9.3.4. Spain Marine Fin Stabilizer Market
9.3.5. Italy Marine Fin Stabilizer Market
9.3.6. Rest of Europe Marine Fin Stabilizer Market
9.4. Asia-Pacific Marine Fin Stabilizer Market Snapshot
9.4.1. China Marine Fin Stabilizer Market
9.4.2. India Marine Fin Stabilizer Market
9.4.3. Japan Marine Fin Stabilizer Market
9.4.4. Australia Marine Fin Stabilizer Market
9.4.5. South Korea Marine Fin Stabilizer Market
9.4.6. Rest of Asia Pacific Marine Fin Stabilizer Market
9.5. Latin America Marine Fin Stabilizer Market Snapshot
9.5.1. Brazil Marine Fin Stabilizer Market
9.5.2. Mexico Marine Fin Stabilizer Market
9.6. Rest of The World Marine Fin Stabilizer Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. The Neptune Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Groupe Foure Lagadec
10.2.3. Fincantieri S.p.A
10.2.4. SKF Group
10.2.5. Western Marine Electronics Inc.
10.2.6. Imtra Corp
10.2.7. Kongsberg Maritime (RRCM)
10.2.8. The NAIAD Dynamics US Inc
10.2.9. Mitsubishi Heavy Industries
10.2.10. Quantum Marine Stabilizers

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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