Global Trim Tabs Market is Expected to Reach USD 1,023.68 MN By Forecast Year 2028

October 25 19:04 2021
Global Trim Tabs Market is Expected to Reach USD 1,023.68 MN By Forecast Year 2028
Trim Tabs Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
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

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. 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.

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