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Global Marine Steering System Market is Projected to Reach 330 million USD by 2025

Author: QYResearch | Publish date: 2018-05-31 | Views: 51
In the last several years, global market of Marine Steering System developed rapidly, with an average growth rate of 6.68%. In 2017, global revenue of Marine Steering System is nearly 330 M USD; the actual Sales is about 539 K unit. Market competition is not intense. SeaStar Solutions, Uflex, Mercury Marine, ZF, Vetus, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

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The global average price of Marine Steering System is in the decreasing trend, from 653.8 USD/unit in 2013 to 612.3 USD/unit in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.

The hydraulic type is expected to account for 52.33% volume share in 2017, followed by electric power steering and mechanical steering. And nearly 437 k unit products based on outboard propulsion system were sold in 2017 across the global, accounting for nearly 80% market share.

Among all regions, North America is projected to account for a relatively large market share in terms of both value and volume, while South America account for a relatively low market share in terms of value. North America leads the market with nearly half the global market share, and the region is estimated to retain its share in the coming years. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Human Fibrinogen industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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