Boat Steering Market
PUBLISHED: 2025 ID: SMRC28223
SHARE
SHARE

Boat Steering Market

Boat Steering Market Forecasts to 2030 - Global Analysis by Type (Manual Steering Systems, Hydraulic Steering Systems, Electric Steering Systems and Electro Hydraulic Systems), Boat Type, Component, Sales Channel, End User and By Geography

4.7 (50 reviews)
4.7 (50 reviews)
Published: 2025 ID: SMRC28223

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Boat Steering Market is accounted for $19.6 billion in 2024 and is expected to reach $34.55 billion by 2030 growing at a CAGR of 9.91% during the forecast period. Boat steering is the system and technique for controlling the direction of a boat or vessel. The steering wheel, rudder, tiller, and related hydraulic or mechanical systems are among the parts that enable the user to change the boat's direction. Usually attached to an outboard engine or rudder, the steering system gives powered boats precise control over their route. While newer systems may use hydraulic or electric motors for smoother operation, manual steering systems may still employ a tiller or other hand-operated device. In a variety of nautical situations, maneuverability, safety, and simplicity of handling all depend on effective boat steering.
  
Market Dynamics: 

Driver: 

Growing Interest in Recreational Boating

The rising popularity of recreational boating is considerably driving the Boat Steering Market. The need for sophisticated, easy-to-use steering systems has increased as more people participate in recreational boating activities. Recreational boaters are drawn to steering technology advancements like electrical and hydraulic systems because they provide smoother, more accurate handling. Additionally, customers' need for improved comfort, control, and safety features in steering systems for their boats is driving market expansion as boating becomes more and more popular as a way to unwind and enjoy outdoor adventures.

Restraint:

High Initial Costs

High starting prices are a key barrier in the Boat Steering Market, discouraging potential purchasers, particularly small-scale or first-time boat owners. The cost of sophisticated steering systems, such as electronic and hydraulic alternatives, may restrict market expansion. Furthermore, the requirement for professional installation and maintenance drives up costs even further, making it difficult for customers to defend these expenditures, particularly in areas with shaky economies or smaller disposable incomes, thus it limits the market expansion.

Opportunity:

Technological Advancements

Technological advancements in the market are driving innovation through the development of electronic and hydraulic steering systems, enhancing precision, control, and safety. The integration of automation and digital controls offers smoother navigation, reducing human error. Additionally, the rise of joystick-controlled systems and advancements in electric boat steering technologies is improving user experience and operational efficiency. These innovations are making boat steering systems more responsive, energy-efficient, and adaptable to various marine environments, fueling market growth.
 
Threat:

Maintenance Challenges 

Maintenance issues in the boat steering industry can seriously impede expansion by increasing operational downtime and repair expenses. Steering systems may become less reliable and efficient as a result of frequent wear and tear, corrosion, and the requirement for routine maintenance. The extensive use and seamless functioning of boat steering systems in maritime applications are further restricted by these difficulties, which also need for specialist knowledge and spare components, which can be expensive and time-consuming to obtain.

Covid-19 Impact: 

The COVID-19 pandemic had a substantial influence on the Boat Steering industry, disrupting supply chains, delaying manufacture, and reducing demand owing to lockdowns and limitations on recreational activities. But as regulations relaxed, the industry started to rebound thanks to a rise in interest in sailing and outdoor recreation. Following the epidemic, the boat steering industry gradually recovered due in part to the increase in demand for leisure boats and personal watercraft.

The hydraulic cylinders segment is expected to be the largest during the forecast period

The hydraulic cylinders segment is expected to be the largest during the forecast period due to the fact that they provide for quick and smooth handling, particularly in bigger boats where manual steering is less efficient. Performance and safety are improved by these cylinders' high force output, robustness, and resilience to challenging marine conditions. The increased need for performance-oriented and easy-to-operate boat steering systems is pushing the use of hydraulic cylinders in both leisure and commercial maritime sectors.

The motorboats segment is expected to have the highest CAGR during the forecast period

The motorboats segment is expected to have the highest CAGR during the forecast period owing to the growing demand for modern, dependable steering systems. Motorboats need exact control for performance and safety as recreational boating and water sports gain popularity. This promotes the employment of mechanical, hydraulic, and electrical steering systems, which guarantee improved maneuverability, smoother navigation, and a more satisfying user experience. As manufacturers create more effective and long-lasting steering solutions, the increase advancements in steering technology further propel market expansion.

Region with largest share:

North America is projected to hold the largest market share during the forecast period because of the rise in recreational boating, improvements in steering technology, and the need for more effective, approachable systems. Growing disposable incomes, more attention to maritime safety, and advancements in hydraulic and electric steering systems are some of the factors driving market expansion. The region's need for contemporary boat steering systems is further fueled by the growth of the recreational and commercial boating industries as well as growing interest in boating as a recreational activity.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to increasing demand for recreational boating, rising disposable incomes, and expanding marine tourism. Technological advancements in steering systems, such as electronic power steering, enhance user experience and safety, further boosting market growth. Additionally, the region's growing emphasis on eco-friendly and fuel-efficient boating solutions encourages adoption of advanced steering technologies. Rising interest in water sports and the expansion of maritime industries also contribute significantly to market development.


 
Key players in the market

Some of the key players in Boat Steering market include Teleflex Inc., Uflex Ltd., SeaStar Solutions, ZF Friedrichshafen AG, Vetus, Suzuki Motor Corporation, Yamaha Motor Co., Ltd., Lobster Boat Steering Systems, Honda Motor Co., Ltd., Evinrude (BRP), Caterpillar Inc., Morse Controls, Marinedeck GmbH, Lewmar Ltd., Garmin Ltd. and Bennett Marine Inc.

Key Developments:

In October 2024, India Yamaha Motor Pvt. Ltd. announced an increased investment in environmental activities as part of its Corporate Social Responsibility (CSR) initiative, which includes the planting of 21,000 trees across 6,000 square metres of land in the Wetland Buffer Zone 2, Greater Noida, in collaboration with Forest Division Gautam Budha Nagar.

In September 2024, Yamaha Motor Pvt. Ltd. has launched the R15M with a Carbon Fibre Pattern graphic that encapsulates the spirit of top-tier Japanese motorcycle design & engineering. The bike features a 155cc liquid-cooled engine that has been inspired by the venerable R1 and is designed as a SuperSport in line with Yamaha’s Racing DNA.

In September 2024, Yamaha Motor launched the version 4 of its flagship brand campaign, reinforcing its premium positioning in the Indian two-wheeler market.

Types Covered:
• Manual Steering Systems
• Hydraulic Steering Systems
• Electric Steering Systems
• Electro Hydraulic Systems

Boat Types Covered:
• Sailboats
• Fishing Boats
• Motorboats
• Yachts

Components Covered:
• Steering Wheels
• Steering Cables
• Hydraulic Cylinders
• Pumps
• Actuators
• Other Components

Sales Channels Covered:
• Original Equipment Manufacturer
• Aftermarket

End Users Covered:
• Recreational Boating
• Commercial Boating
• Military & Defense
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface    
   
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Boat Steering Market, By Type     
 5.1 Introduction      
 5.2 Manual Steering Systems     
 5.3 Hydraulic Steering Systems     
 5.4 Electric Steering Systems     
 5.5 Electro Hydraulic Systems     
         
6 Global Boat Steering Market, By Boat Type    
 6.1 Introduction      
 6.2 Sailboats       
 6.3 Fishing Boats      
 6.4 Motorboats      
 6.5 Yachts       
         
7 Global Boat Steering Market, By Component    
 7.1 Introduction      
 7.2 Steering Wheels      
 7.3 Steering Cables      
 7.4 Hydraulic Cylinders      
 7.5 Pumps       
 7.6 Actuators       
 7.7 Other Components      
         
8 Global Boat Steering Market, By Sales Channel    
 8.1 Introduction      
 8.2 Original Equipment Manufacturer    
 8.3 Aftermarket      
         
9 Global Boat Steering Market, By End User    
 9.1 Introduction      
 9.2 Recreational Boating     
 9.3 Commercial Boating     
 9.4 Military & Defense      
 9.5 Other End Users      
         
10 Global Boat Steering Market, By Geography    
 10.1 Introduction      
 10.2 North America      
  10.2.1 US      
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand     
  10.4.6 South Korea     
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia     
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa    
         
11 Key Developments       
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions      
 11.5 Other Key Strategies     
         
12 Company Profiling       
 12.1 Teleflex Inc.      
 12.2 Uflex Ltd.       
 12.3 SeaStar Solutions      
 12.4 ZF Friedrichshafen AG     
 12.5 Vetus       
 12.6 Suzuki Motor Corporation     
 12.7 Yamaha Motor Co., Ltd.     
 12.8 Lobster Boat Steering Systems     
 12.9 Honda Motor Co., Ltd.     
 12.10 Evinrude (BRP)      
 12.11 Caterpillar Inc.      
 12.12 Morse Controls      
 12.13 Marinedeck GmbH      
 12.14 Lewmar Ltd.      
 12.15 Garmin Ltd.      
 12.16 Bennett Marine Inc.      
         
List of Tables        
1 Global Boat Steering Market Outlook, By Region (2022-2030) ($MN)  
2 Global Boat Steering Market Outlook, By Type (2022-2030) ($MN)  
3 Global Boat Steering Market Outlook, By Manual Steering Systems (2022-2030) ($MN)
4 Global Boat Steering Market Outlook, By Hydraulic Steering Systems (2022-2030) ($MN)
5 Global Boat Steering Market Outlook, By Electric Steering Systems (2022-2030) ($MN)
6 Global Boat Steering Market Outlook, By Electro Hydraulic Systems (2022-2030) ($MN)
7 Global Boat Steering Market Outlook, By Boat Type (2022-2030) ($MN)  
8 Global Boat Steering Market Outlook, By Sailboats (2022-2030) ($MN)  
9 Global Boat Steering Market Outlook, By Fishing Boats (2022-2030) ($MN) 
10 Global Boat Steering Market Outlook, By Motorboats (2022-2030) ($MN)  
11 Global Boat Steering Market Outlook, By Yachts (2022-2030) ($MN)  
12 Global Boat Steering Market Outlook, By Component (2022-2030) ($MN)  
13 Global Boat Steering Market Outlook, By Introduction (2022-2030) ($MN) 
14 Global Boat Steering Market Outlook, By Steering Wheels (2022-2030) ($MN) 
15 Global Boat Steering Market Outlook, By Steering Cables (2022-2030) ($MN) 
16 Global Boat Steering Market Outlook, By Hydraulic Cylinders (2022-2030) ($MN) 
17 Global Boat Steering Market Outlook, By Pumps (2022-2030) ($MN)  
18 Global Boat Steering Market Outlook, By Actuators (2022-2030) ($MN)  
19 Global Boat Steering Market Outlook, By Other Components (2022-2030) ($MN) 
20 Global Boat Steering Market Outlook, By Sales Channel (2022-2030) ($MN) 
21 Global Boat Steering Market Outlook, By Original Equipment Manufacturer (2022-2030) ($MN)
22 Global Boat Steering Market Outlook, By Aftermarket (2022-2030) ($MN)  
23 Global Boat Steering Market Outlook, By End User (2022-2030) ($MN)  
24 Global Boat Steering Market Outlook, By Recreational Boating (2022-2030) ($MN) 
25 Global Boat Steering Market Outlook, By Commercial Boating (2022-2030) ($MN) 
26 Global Boat Steering Market Outlook, By Military & Defense (2022-2030) ($MN) 
27 Global Boat Steering Market Outlook, By Other End Users (2022-2030) ($MN) 
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials