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Trim Tabs Market

Trim Tabs Market Forecasts to 2028 – Global Analysis By Type (Hydraulic Trim Tabs, Mechanical Trim Tabs, Electrical Trim Tabs), Application (Marine, Aviation), End User (Sports, Commercial, Military, Personal) and By Geography

5.0 (17 reviews)
Published: August 2021 ID: SMRC20823
5.0 (17 reviews)
Published: August 2021 ID: SMRC20823

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Trim Tabs Market is accounted for $682.39 million in 2020 and is expected to reach $1,023.68 million by 2028 growing at a CAGR of 5.2% during the forecast period. Advancements in trailing edge technologies, increased globalization and rising sea and marine travel are driving the market growth. However, installation and maintenance of trim tabs is hampering the growth of the market.

Trim Tabs are devices that perform vital aerodynamic stability functions in aircraft and marine vessels for maintaining surface control. Trim tabs are essentially available in the form of metallic plates that provide surface control. Trim tabs can be either fixed or adjustable. Trim tabs help to keep the plane of the vessel correct even at lower RPMs, thereby improving the overall efficiency of vessels and causing improved fuel efficiency.

Based on the type, the fixed trim tabs segment is going to have lucrative growth during the forecast period as a fixed trim tab is ground adjusted (bent) to the desired position to overcome any unwanted roll or yaw tendencies of the object. By geography, Asia Pacific is going to have high growth during the forecast period due to its booming and fast-growing aviation sector as well as marine sector coupled with the rising lifestyle changes.

Some of the key players profiled in the Trim Tabs Market include Lenco Marine, Volvo Penta, Bennett Marine Inc., Linear Devices Corp, Aviat Aircraft, Inc., Trim Master Marine, Inc., Textron Aviation, McFarlane Aviation, Inc. and LORD Corp.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 682.39 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

5.2%

Predicted 2028 Value:

USD 1,023.68 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

96

Chapters Covered:

Type, Control Type, Application, End User,  and Region

Core Drivers and Opportunities:

  • Advancements in trailing edge technologies
  • Increased globalization and rising sea and marine travel

Restraining Factors & Market Threats:

  • Installation and maintenance


Types Covered:
• Adjustable Trim Tabs
• Fixed Trim Tabs   

Control Types Covered:
• Hydraulic Trim Tabs
• Mechanical Trim Tabs
• Electrical Trim Tabs 

Applications Covered:
• Marine
• Aviation

End Users Covered:
• Sports
• Commercial
• Military
• Personal

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 2019, 2020, 2021, 2025 and 2028
- 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

Key Questions Answered In The Report

The Global Trim Tabs Market is majorly driven by the rising demand to improve the fuel efficiency in marine and aircrafts.

The adjustable trim tabs segment is growing at a highest CAGR as it can be controlled and adjusted by pilots during flights, giving them greater control over the aircraft in face of changing conditions.

Europe dominated with a significant market share due to the factors such aswell-developed markets for commercial, personal as well as recreational boating vessels.

North America market is growing at a highest CAGR owing to stringent regulations imposed by the government for aviation safety.

Key players in Trim Tabs Market include Lenco Marine, Volvo Penta, Bennett Marine Inc., Linear Devices Corp, Aviat Aircraft, Inc., Trim Master Marine, Inc., Textron Aviation, McFarlane Aviation, Inc. and LORD Corp.

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