The expected size of the trim tabs market in 2022 was USD 2,800 million and is predicted to be USD 3,053 million in 2023.Boost in the growth of demand for improving the fuel efficiency in marine and aircraft is raising the trim tabs market growth. According to the FMI analysis, the trim tabs market is anticipated to be worth USD 7,033 million by 2033 exhibiting a CAGR of 8.70% between 2023 and 2033.
Rising demand for trim tabs across aviation and marine industries is a significant force behind the expansion of the global trim tabs market. Trim Tabs are small surfaces or adjustable tabs attached to the trailing edge of a large control surface on an aircraft or boat.
Trim tabs are also used to trim or counteract hydro- or aerodynamic forces and stabilize the boat or aircraft in a particular attitude. They have become ideal devices for controlling and stabilizing aircraft and boats during traveling.
The relevance of sea and air travel has increased exponentially in recent years, creating space for the growth of the trim tabs market with rapid globalization, the flourishing tourism industry, an increase in import/export business, and changing lifestyle.
Trim tabs are mostly available in the form of metallic plates that provide surface control on aircraft and boats, thereby ensuring optimal safety of passengers. Further, these control surfaces can be adjusted as per the requirement.
Increasing inclination of aviation and marine industries toward ensuring the optimal safety of passengers is likely to therefore continue to act as a catalyst for the growth of the trim tabs market.
There are generally two types of trim tabs available in the market i.e., fixed trim tabs and adjustable trim tabs. However, adjustable trim tabs are preferred over fixed ones because they can be controlled and adjusted by pilots during flights, thereby giving great control over the aircraft in the face of challenging circumstances. Based on control type, trim tabs can be controlled through mechanical, electrical, or hydraulic means.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 2,800 million |
| Projected Forecast Value (2023) | USD 3,053 million |
| Projected Forecast Value (2033) | USD 7,033 million |
| Growth rate | 8.70% CAGR |
| Forecast period | 2023 to 2033 |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global trim tabs market expanded at a CAGR of 7.4% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 8.7% between 2023 and 2033.
The surge in the focus of the manufacturers on quality control coupled with a rise in technological advancements might lead to the creation of significant growth opportunities for the trim tabs market.
Notable Expansion of Aviation and Marine Sectors
The rapid expansion of aviation and marine sectors worldwide, implementation of stringent aviation safety regulations, advancements in trailing edge technologies for aircraft and boats, and favorable government support are some of the key factors driving the growth in the global trim tabs market.
Trim tabs have become critical components for ensuring effective control and maneuverability of aircraft and marine vessels. Any fault or malfunctioning of trim tabs can cause devastating results such as loss of lives. This factor is likely to stimulate the growth of the trim tabs market during the forecast period.
Rise in the Number of Aircraft and Military Jets
Another factor stimulating the growth of the trim tabs market is the rise in the number of aircraft and military jets across the world. They are being used for numerous applications ranging from passenger travel and landscape inspection to defense operations.
Increase in Demand for Trim Tabs in Marine Sectors
Rising demand for trim tabs in marine sectors is expected to create significant growth avenues within the global trim tabs market during the forthcoming years. Also, trim tabs help to stabilize boats, improve vessel balance and increase efficiency. The rapid increase in recreational and sports boating activities worldwide is going to further boost market growth during the assessment period.
Demand for adjustable trim tabs is expected to increase at a relatively high CAGR during the forecast period. These trim tabs can be used and adjusted through cockpit controls available to the pilots and allow for the management of flight through constant dynamic conditions.
Principal Consultant
Poor Development of Aviation and Marine Industries
The global trim tabs market is facing various obstacles that are likely to challenge its growth over the forecast period despite a positive growth outlook. One such factor is the poorly developed aviation and marine industries across low economies such as Africa.
North America accounted for a significant share of the global trim tabs market in 2022 with a market share of 33.2% and is forecasted to retain its dominant position during the forecast period. This growth in the region is owing to the factors such as:
Sales are likely to increase mostly across the United States and are forecasted at a market share of 31% due to the flourishing aviation industry, the presence of leading aircraft manufacturers, the growing focus on improving passenger safety, and the rise in recreational and sports boating activities.
According to Future Market Insights, Asia Pacific is expected to provide immense growth opportunities for trim tabs between 2023 and 2033 with a market share of 18.8%, owing to the booming aviation and marine industries across countries like China. China is forecasted to expand at 6.2% CAGR, and India is predicted to capture a 5.8% CAGR, with a rise in disposable income, an increase in government support, and a large presence of regional and domestic market players.
Among Asia Pacific countries, China remains the most significant market for trim tabs due to the factors such as:
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Trim tabs have long been utilized in airplanes. They live up to their moniker by allowing the pilot or pilots to adjust the airplane's trim during flight. They are often found on the outer edges of the ailerons, rudders, and elevators. The aviation segment is estimated to lead the market.
Trim tabs are used to lessen the amount of manual effort and energy necessary to steady planes in flight. Pilots are compelled to hold the yoke with great effort without trim tabs. High-altitude flying pressure and winds work against the plane.
Pilots must also keep the yoke steady to steer and stabilize the plane. Trim tabs ease the procedure by minimizing the amount of force working against the plane. In addition, they protect the plane from premature wear and tear. Without trim tabs, an airplane might be subjected to more stress and pressure during flight and this factor is likely to boost the market for trim tabs in the forthcoming years.
The commercial trim tabs segment is anticipated to expand at a CAGR of 6.5% during the forecast period. The increasing globalization and international transportation make it one of the significantly growing segments.
The military trim tab segment is also anticipated to expand in the forecast period from 2023 to 2029. Further, advancements in the military segment have opened up new opportunities for the trim tabs market.
Some of the key participants present in the global trim tabs market include Volvo Penta, Bennett Marine Inc., Linear Devices Corporation (Lecrotab), Lenco Marine, Aviat Aircraft, Inc., Trim Master Marine, Inc., McFarlane Aviation, Inc., Textron Aviation, LORD Corp. and Livorsi Marine Inc. among others.
These market players are continuously focusing on introducing advanced products to help end users better handling of airplanes and boats during traveling. Furthermore, they have adopted various strategies such as partnerships, mergers, and acquisitions to expand their global presence.
Key Developments in the Market
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 8.70% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Control Type, End Users, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC countries, South Africa, Israel, Rest of The Middle East and Africa |
| Key Companies Profiled | Volvo Penta; Bennett Marine Inc.; Linear Devices Corporation (Lecrotab); Lenco Marine; Aviat Aircraft, Inc.; Trim Master Marine, Inc.; McFarlane Aviation, Inc.; Textron Aviation; LORD Corp.; Livorsi Marine Inc |
| Customization | Available Upon Request |
In 2023, the worldwide market value is expected to be around USD 3,053 million.
Global demand trim tabs might grow at 8.7% per year till 2033.
North America currently leads and held 33.2% of the global market share in 2022.
Demand for trim tabs surged at 7.4% from 2018 to 2022.
Volvo Penta, Bennett Marine, and Lenco Marine are some top players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Fixed Trim Tabs 5.2. Adjustable Trim Tabs 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Control Type 6.1. Mechanical 6.2. Electrical 6.3. Hydraulic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 7.1. Personal 7.2. Commercial 7.3. Military 7.4. Sports 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Aviation 8.2. Marine 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Volvo Penta 19.2. Bennett Marine Inc. 19.3. Linear Devices Corporation (Lecrotab) 19.4. Lenco Marine 19.5. Aviat Aircraft, Inc. 19.6. Trim Master Marine, Inc. 19.7. McFarlane Aviation, Inc. 19.8. Textron Aviation 19.9. LORD Corp. 19.10. Livorsi Marine Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
Explore Automotive Insights
View Reports
Trim Tabs Market
