Global Boat Steering Systems Market Size, Share, and Forecast Report (2025-2032)

Boat Steering Systems Market size was valued at USD 2.10 Billion in 2024 and the total Boat Steering Systems revenue is expected to grow at a CAGR of 9.8 % from 2025 to 2032, reaching nearly USD 4.44 Billion.
Boat Steering Systems Market Overview
A gear assembly, telemotor, control unit, and power unit are used in Boat Steering Systems to steer the ship from port to starboard. Green shipbuilding technology is one of the major developments affecting the marine steering market. The main growth factors in the global Boat Steering Systems market are increasing government spending for the development of the navy fleet, the introduction of new and advanced watercraft, and the growing usage of electronic power steering systems in submarines.To know about the Research Methodology :- Request Free Sample Report

Region-wise, North America is expected to have a 56 percent market share in the global Boat Steering Systems market in terms of value. The majority of people in Europe and North America love recreational boating. Thus, recreational boating, particularly in North America, is expected to be a dominant segment in the Boat Steering Systems market.
Boat Steering Systems Market Dynamics
The global boat steering market is expected to rise due to the high growth of the recreational boating market. Boats are utilized for several uses apart from fishing, recreational and marine purposes. It has been implemented for security concerns as a result of rising conflict between countries. Thus, governments of different countries deploy watercraft by the police to defend these regions. Furthermore, the boats that are utilized for the above reasons must be strong and must be quick to traverse through water bodies for steering systems. Such factors are expected to drive the expansion of the global Boat Steering Systems market during the forecast period.

Tourism has seen strong development, which has had a beneficial effect on coastal and marine tourism and has benefited the sales of Boat Steering Systems indirectly. The rise of visitors participating in maritime tourism has resulted in increased sales of boats as well as increased sales of Boat Steering Systems globally. In addition, where roads and railroads are inconvenient modes of transportation, marine transportation has developed as a viable option. Thus, the growing number of ports in Countries and islands are expected to create commercial opportunities for market participants.

However, with increasing import tariffs, boat makers have to deal with shifting trade rules. They also need to change their designs as per the raw materials. Such uncertainties in export rules are likely to hinder the global Boat Steering Systems market's growth during the forecast period.
COVID-19 Impact on the Global Boat Steering Systems Market
COVID pandemic has a major impact on the market in terms of sales as more than 44% of sales of units are hampered owing to disruption in transport capabilities of the manufacturers due to stringent norms of lockdown and increasing safety concerns. Manufacturing operations have been halted, and the supply chain has been disrupted, resulting in a drop in marine activities in the pandemic.

In terms of growth and fleet development, the Covid-19 epidemic is influencing global shipping enterprises and markets. The data gathered reveals a decrease in global shipping activity as well as the boat steering systems market from March to June 2020, when the most stringent restrictions were implemented. These limits resulted in a variety of mobility that ranged from 5.63 percent to 13.78 percent for container ships, 2.29 percent to 3.32 percent for dry bulk, 0.22 percent to 9.28 percent for wet bulk, and 19.58 percent to 42.78 percent for passenger ships.
Boat Steering Systems Market Segment Analysis
By Propulsion, the outboard propulsion systems segment holds the largest market share in the Global market. According to MMR analysis, the segment is further expected to grow at a CAGR of 9.9 % during the forecast period. Outboard steering systems command a significant share of the marine market, which driven by the widespread popularity of outboard motors across recreational and commercial boating. The demand spans a range of sophistication, from cost-effective mechanical cable systems favored in smaller vessels to robust hydraulic setups essential for larger, high-performance outboards.

The outboard steering market is also influenced by factors like ease of installation and maintenance associated with outboard engines. The accessibility of these systems caters to a broad spectrum of boat owners, further solidifying the segment's dominant position and driving continuous innovation in steering technology. The ongoing demand for diverse boating activities, from fishing to watersports, ensures a sustained and dynamic market for outboard steering solutions.
Boat Steering Systems Market Regional Insights
In terms of value, the global boat management system market in North America is expected to have around 56 % of the market share. The rise of this region is primarily due to the strong sales of powered boats and the recreation activity that people in North America are following. As the U.S. holds the important market share for a global boat steering market owing to variables such as improved tourism and developed coastal areas.

In Europe, sailboats trade is more than propelled boats, making it the second-largest market for marine steering systems. In Oceanic countries like Australia and New Zealand, recreational boating has improved. The tourist sector in Asian countries has improved to some level, allowing the region to expand its market for boat steering.

The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Boat Steering Systems Market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
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Boat Steering Systems Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 2.10 Billion


Forecast Period 2025 to 2032 CAGR:
9.1%
Market Size in 2032:
USD 4.44 Billion


 Segments Covered:
by Application
Outboard Steering
Inboard Steering
Stern drive


by Type
Hydraulic Steering Systems
Electronic Power Steering
Mechanical Steering



Boat Steering Systems Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Boat Steering Systems Market Key Players
1. ZF Friedrichshafen AG
2. Vetus N.V
3. Sperry Marine, Inc
4. Lewmar Limited
5. Lecomble & Schmitt
6. Kobelt Manufacturing Co. Ltd
7. Twin Disc, Incorporated
8. Northrop Grumman Sperry Marine B.V, Uflex USA
9. HyDrive Engineering Pty Ltd
10. Hypro Marine
11. Excel Controlinkage Pvt. Ltd.
12. SeaStar Solutions
13. Kongsberg Maritime
14. Parikh Power
15. Multiflex Marine
16. Jastram Engineering
17. MacN Hom Systems
18. Schottel GmbH
19. Anschütz GmbH
20. Pailton Engineering Ltd
21. Gading Marine
22. Changzhou Blue Star Sea Yacht Equipment Co., Ltd
23. Ningbo SHANBEI Technology Co.,Ltd
24. Henri Marine (Ningbo Henri Development Trade Co., Ltd.)
25. Zhongyuan Ship Machinery Manufacture (Group) Co., Ltd
26. Jefa Steering
27. Dometic Optimus Steering System
28. Becker Marine Systems
29. Anschütz GmbH
30. Wills Ridley Ltd
Frequently Asked Questions:
1. Which region has the largest share in Global Boat Steering Systems Market?
Ans: North America region held the highest share in 2024.

2. What is the growth rate of Global Boat Steering Systems Market?
Ans: The Global Boat Steering Systems Market is growing at a CAGR of 9.8% during forecasting period 2025-2032.

3. What is scope of the Global Boat Steering Systems Market report?
Ans: Global Boat Steering Systems Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Boat Steering Systems Market?
Ans: The important key players in the Global Boat Steering Systems Market are – ZF Friedrichshafen AG, Vetus N.V, Sperry Marine, Inc, Lewmar Limited, Lecomble & Schmitt, Kobelt Manufacturing Co. Ltd, Twin Disc, Incorporated, Northrop Grumman Sperry Marine B.V,, Uflex USA, HyDrive Engineering Pty Ltd, Hypro Marine, Techno Italia Kft, Excel Controlinkage Pvt. Ltd., SeaStar Solutions, and Twin Disc

5. What is the study period of this Market?
Ans: The Global Boat Steering Systems Market is studied from 2024 to 2032.