BOAT STEERING SYSTEM MARKET ANALYSIS

Boat Steering System Market, By Propulsion System (Inboard, Outboard, Stern drive), By Steering Type (Manual Steering, Hydraulic Steering, Electric Power Steering and Electro-Hydraulic Steering), By Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket), By Boat Type (Small, Mid-Size and Large) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Key Developments

Key players in the market are involved in product development, in order to expand their product portfolio. For instance, in April 2017, Lecomble & Schmitt developed a pump with dual outlets to simplify the hydraulic circuit of steering system. This will help to reduce the installation cost of the system.
Major market players are focused on product development, in order to enhance their market presence. For instance, in January 2017, Twin Disc Inc. developed new E-steer steering unit, which electronically connects the helm with hydraulic powered rudders.