Recreational boating is mostly opted by people during trips and vacations for amusement activities around the world. Due to the technological advancement, modern boats offer a host of leisure options. Moreover, boat makers are constantly innovating on steering systems, since boat riding with utmost ease remains the primary focus.

The overall market of boat steering systems is projected to grow at a CAGR of 8.2% during the forecast period. The market is estimated to be valued at $ 1101.4 Million by end of the projection period 2017-2025.

The global steering systems market is segmented into five major types:

Steering type, Propulsion system, Boat type , Sales Channel, Region

By steering type, the market is sub segmented into electro-hydraulic steering, manual steering, electric power steering and hydraulic steering. The hydraulic steering segment is estimated to account for nearly 52% revenue market share by end of 2017.

The major boat manufacturers functional at present in the global boat system market are

Twin Disc Incorporated, , HyDrive Engineering Pty Ltd., Excel Contolinkage Pvt. Ltd., ZF Friedrichshafen AG, Kobelt Manufacturing Co. Ltd., SeaStar Solutions, Northrop Grumman Sperry Marine BV, Hypro Marine , Uflex USA, Vetus B.V., Techno Italia Kft. , Lecomble & Schmitt , Lewmar Limited.

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