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Ship Repair and Maintenance Services Market

“Proliferating industrial shipping along with the new commercial trade routes transforms the market. ” FMI Tracks Growth Prospects For 30+ Countries.

Ship Repair and Maintenance Services Market By Vessel Type, Service Type & Region - Forecast 2023-2033

Ship Repair and Maintenance Services Market Outlook

The market for ship repair and maintenance services is likely to expand its roots with a CAGR of 6.6% during the forecast period. The market holds a share of US$ 26.5 Bn in 2023 while expecting revenue of US$ 50.3 Bn by 2033.

The cheaper seaborne logistic operations have thrived the shipbuilding companies’ growth while also providing traction for ship repair and maintenance services. The increased trade between countries through the enhanced bilateral relationship among nations has fueled the exports and imports between them. Furthermore, the advanced technology used in repairing and maintaining, and reconditioning the ships has helped it gain traction in the market. Old ships with lost parts and failed equipment are now being recycled through innovative methods, putting them back in use. Thus, the industry is likely to thrive in the future with higher consumption in countries that have wider and longer coastlines. This involves peninsulas and islands.

Research report on ship repair and maintenance services market states that the industrial growth among emerging economies such as China, India, and other south Asian countries have attracted the market. From shipbuilding to repairing, from cargo loading to unloading, the coast logistic businesses hold a major share in the market system. High rate of interest (ROI) in the seaborne transportation of goods and equipment help in increasing the adoption of ship repair and maintenance services market.

From OEM services to machine engineering, CNC machining, and blasting and painting are part of some of the services that help the ship owners. The one-stop shop approach is followed by the repair and maintenance vendors offering mechanical repair and engine works.

However, the Russia-Ukraine war has changed the sea routes along with the oil and gas supply medium. The changed preference of exports and transformed sea routes have played a crucial role in shaping new trends for the market.

Attributes

Details

Market CAGR (2023-2033)

6.6%

Market Size (2023)

US$ 26.5 billion

Market Size (2033)

US$ 50.3 billion

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How is the Future Outlook for Ship repair and maintenance servicesthe Market in Comparison to Historical Pattern?

The ship repair and maintenance services market is expected to rise at a CAGR of 6.6% between 2023 and 2033 while it thrived at a lower CAGR of 5.3%. The inclination of international trade has been towards seaborne route due to the substantially lower cost of transportation and significantly higher carrying capacity.

On the back of this, the market for ship repair and maintenance services is predicted to grow. It will gain traction as a result of the rising import-export activity around the world. Governments across the globe have been making attempts for sustainable development in recent years as a result of global climate change.

In order to comply with domestic and international norms and laws, ship repair and maintenance services firms are now using environmentally sustainable procedures, reducing the potential threat to the environment from these activities.

Based on aforementioned factors, demand for the ship repair and maintenance services market is anticipated to surge at a robust pace, reaching US$ 50.3 Bn by the end of 2033.

Comparative View of Ship Repair and Maintenance Services Market

Ship repair and maintenance services Market:

Attributes

Ship repair and maintenance services Market

CAGR (2023-2033)

6.6%

Market Value (2033)

US$ 50. billion

Growth Factor

Restoration of trade post-pandemic along with the highly advanced integrated repair solution fuels the market.

Opportunity

The new commercial trade routes along with the post-globalization effect and enhanced bilateral relationships create opportunities for the market

Key Trends

The wide range of ships operating locally transform the ship repairing practices.

Marine Vessel Market:

Attributes

Marine Vessel Market

CAGR (2023-2033)

1.43%

Market Value (2033)

US$ 202.73 billion

Growth Factor

The surge in the global seaborne trade has led companies to adopt marine vessel.

Opportunity

Rapidly growing Asian economies such as India and China along with the globalization is likely to create new opportunities for the market.

Key Trends

Major shift from applying conventional propulsion to hybrid propulsion delivers higher efficiency

Shipbuilding Market:

Attributes

Shipbuilding Market

CAGR (2023-2033)

3.0%

Market Value (2033)

US$ 209.30 billion

Growth Factor

Advanced engineering and government research and development programs lead to new ship building projects.

Opportunity

Nations expanding their trade power by expanding the number of commercial ports create opportunities for the market

Key Trends

Rise in trade-related agreement work as a catalyst for the shipbuilding market.

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Nikhil Kaitwade
Principal Consultant
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Ship repair and maintenance services Market Country-wise Insights

Region

Absolute Market Growth

US

619.2 Mn

UK

197.8 Mn

China

4.6 Bn

Japan

324.4 Bn

South Korea

2.1 Bn

What makes China the Biggest Region in the Market?

“Emerging economy of China, high value trade agreements and new trade routes makes China the Biggest Market.”

Region

Attributes

Chinese Market CAGR (2023-2033)

7.4%

Chinese Market Absolute Doller Growth (US$ Mn/Bn)

US$ 4.6 billion

Just like other emerging economies, China is predicted to become the biggest and fastest growing market which is likely to cross a value of US$ 9.1 billion by 2033, according to Future Market Insights. Most of the ship-building activities carried out in China in 2019, accounted for more than 50% of the total volume of ships produced globally.

Leading ship building businesses are extensively using ship repair and maintenance services, providing a boost to the shipbuilding companies in the region. Availability of low-cost raw materials and the constant investment in the upgradation of manufacturing plants and facilities has provided an impetus for market growth.

What makes South Korea another fast Growing Region in the Global Ship repair and maintenance Market?

“Enhanced technology and major economical dependency on the seaborne trades makes it another fast growing market.”

Region

Attributes

South Korea Market CAGR (2023-2033)

7.4%

Chinese Market Absolute Doller Growth (US$ Mn/Bn)

2.1 Billion

Just like China, South Korea with a broader coastline and higher seaborne trade practices have fueled the demand for ship repair and maintenance services. The presence of major ship repair and maintenance service vendors and increased number of ships passing through the south China sea and Korean sea helps in market gain traction through this regional market. Technologically advanced coasts of South Korea along with the trade partnerships allowing ships to halt and get repaired in these spaces is another factor for the region to strive on the high CAGR of 7.4%. The market is expected to reach at a value of US$ 4.2% by 2033.

What drives the Ship repair and maintenance Market in UK?

“Conventional base of trade routes meeting in Europe makes UK another prominent market.”

Region

Attributes

UK Market CAGR (2023-2033)

3.9%

UK Market Absolute Doller Growth (US$ Mn/Bn)

US$ 197.8 Million

As per FMI, Europe is expected to be one of the most lucrative markets across the global. Germany is predicted to lead the Europe ship repair and maintenance services owing to the emphasis on research and development activities in new technology. Though UK will thrive at a significant growth rate and is likely to cross a value of US$ 619.7 Mn by 2033. However, the market has improved its trajectory as it previously thrived at a CAGR of 3.2% (2017-2022)

Prominent development in the shipbuilding activities across Europe is also another factor aiding market growth. This is primarily due to rapid changes and improvements in regions like Croatia, Nordics and the Netherlands. This is further expected to propel the market forward throughout the forecast period.

What drives the Market in US?

Region

Attributes

US Market CAGR (2023-2033)

4.8%

US Market Absolute Doller Growth (US$ Mn/Bn)

US$ 619.2 Million

The ship repair and maintenance services market in the U.S. is anticipated to expand at a robust pace. The market is projected to witness a CAGR of 4.8% between 2023 and 2033. With key players adopting additional initiatives, the market is predicted to rise throughout the forecast period.

The U.S. market is expected to continue dominating North America and will continue to do so during the assessment period. The market in US is projected to cross a value of US$ 1.6 Bn by 2033

What are the Factors Fueling the Ship Repair and Maintenance Services Demand in India?

India is expected to grow at an impressive CAGR of more than 10% between 2021 and 2031 in theSouth Asia & Pacific region.

Growth in India is primarily due to the increasing seaborne trade activities and expansion of the tourism industry. Also, due to the availability of cost-effective labor, raw materials, and favorable government regulations, leading manufacturers and service providers are eyeing the Indian market.

Why is the Demand for Ship Repair and Maintenance Market High in Singapore?

According to FMI, the Singapore market is expected to grow at a remarkable pace with a CAGR of 9.2% during the forecast period. This region is also anticipated to register the highest absolute $ opportunity, accounting for the largest market share across South Asia & Pacific.

Demand across the country is high due to its demographic advantage, which helps it to provide rapid solutions with minimum delays. Also, high prevalence of few leading companies is expected to spur the growth through 2031.

Category-wise Insights

Segment

Top Vessel Type

Top Sub-segment

Oil and Chemical Tankers

CAGR (2017-2022)

5.9%

CAGR (2023-2033)

6.4%

Segment

Top Service

Top Sub-segment

Hull Part

CAGR (2017-2022)

5.7%

CAGR (2023-2033)

6.2%

“The proliferating oil and gas industry has led to the companies to adopt the convenient seaborne routes.”

Based on vessel type, the demand for oil and chemical tankers is expected to gain traction in the forthcoming years. As per the FMI report, the oil and chemical segment is set to thrive at a CAGR of 6.6% between 2023 and 2033 while it flourished at a slower rate of 5.9% during the previous forecast. The growth is attributed to the increased demand for oil and chemical along with the expansion of oil refineries and related industries.

“Being the protective layer of ship, hull part is the most prominent service type.”

A hull forms an integral part of a ship. It is the main supporting framework of a ship often regarded as the body of the ship in some regions. The segment is likely to thrive on a CAGR of 6.2% between 2023 and 2033. As per the study, the hull part segment is anticipated to hold a leading share in the global market, accounting for nearly 29% of the total sales.

As hull is an important part of the ship’s body structure, it needs to be constantly checked and maintained for optimal performance and safety of the ship. This aspect is projected to bolster the demand and spur the growth of the hull part segment in the global market throughout the forecast period.

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Startup Scenario

The startup scene for the ship repairing market flourishes with the decreased costs of ship maintenance along with a wide range of services under one roof. The companies also make the system more efficient while reconditioning the old ships.

  • Maindeck, as a modern SaaS for the ship repair and maintenance market while focusing on dry-docking projects easing the registration process for the end users.
  • Nautix Technologies work on the application of planning and execution of ship repairing and reconditioning that also provides the option of customization.

Competitors Focus on Delivering Major Service at Once

Companies operating in ship repair and maintenance services industry are aiming at technological innovations and improving their overall procedures in order to deliver timely repair and maintenance services. Key players are entering into strategic partnerships, mergers, acquisitions and collaborations in order to extend their reach and global presence

For instance:

  • Arab Shipbuilding and Repair Yard Company has revisited the business model and added ship recycling in its services. Other than this, the company provides ship repair & conversion, rig repair, and navel repair along with fabrication and engineering.
  • Dormac Ship repairs introduce its repair services like CNC machining, fabrication, cofferdam repairs, electrical circuit repairing etc.

Major Contributors of the Ship repair and maintenance services Market are

  • Damen Shipyards Group
  • Sembcorp Industries Ltd.
  • Cochin Shipyard Limited
  • China Shipbuilding Industry Corporation
  • Fincantieri S.p.A.
  • Dae Sun Shipbuilding & Engineering Co. Ltd.
  • Hyundai Mipo Dockyards Co. Ltd.
  • Arab Shipbuilding and Repair Yard Company
  • Keppel Corporation Limited, United Shipbuilding Corporation
  • Alexandria Shipyard
  • Dormac Ship repairs
  • Astican
  • HOSEI CO. LTD
  • TSUNEISHI SHIPBUILDING Co. Ltd
  • Dundee Marine & Industrial Services Pte Ltd.

Key Segments

By Vessel Type:

  • Oil and Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships and Ferries
  • Mega Yachts and Other Vessels

By Service Type:

  • General Services
  • Dockage
  • Hull Part
  • Engine Parts
  • Electric Works
  • Auxiliary Services

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

Frequently Asked Questions

The Ship repair and maintenance services market is estimated to be worth US$ 26.5 billion in 2023.

The ship repair and maintenance services market is expected to have a CAGR of 6.6% by 2033.

The ship repair and maintenance services market expanded at 5.3% CAGR in the last five years, from 2017 to 2022.

China accounted for 7.4% CAGR in the global Ship repair and maintenance services market by 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017-2022 and Forecast, 2023-2033

    4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2022

    4.2. Current and Future Market Size Value (US$ Mn) Projections, 2023-2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Vessel Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) Analysis By Vessel Type, 2017-2022

    5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Vessel Type, 2023-2033

        5.3.1. Oil and Chemical Tankers

        5.3.2. Bulk Carriers

        5.3.3. General Cargo

        5.3.4. Container Ships

        5.3.5. Gas Carriers

        5.3.6. Offshore Vessels

        5.3.7. Passenger Ships and Ferries

        5.3.8. Mega Yachts and Other Vessels

    5.4. Y-o-Y Growth Trend Analysis By Vessel Type, 2017-2022

    5.5. Absolute $ Opportunity Analysis By Vessel Type, 2023-2033

6. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Service Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) Analysis By Service Type, 2017-2022

    6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Service Type, 2023-2033

        6.3.1. General Services

        6.3.2. Dockage

        6.3.3. Hull Part

        6.3.4. Engine Parts

        6.3.5. Electric Works

        6.3.6. Auxiliary Services

    6.4. Y-o-Y Growth Trend Analysis By Service Type, 2017-2022

    6.5. Absolute $ Opportunity Analysis By Service Type, 2023-2033

7. Global Market Analysis 2017-2022 and Forecast 2023-2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2022

    7.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2023-2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia Pacific

        7.3.6. MEA

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Vessel Type

        8.2.3. By Service Type

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Vessel Type

        8.3.3. By Service Type

    8.4. Key Takeaways

9. Latin America Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        9.2.1. By Country

            9.2.1.1. Mexico

            9.2.1.2. Brazil

            9.2.1.3. Rest of Latin America

        9.2.2. By Vessel Type

        9.2.3. By Service Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Vessel Type

        9.3.3. By Service Type

    9.4. Key Takeaways

10. Europe Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. Italy

            10.2.1.4. Spain

            10.2.1.5. France

            10.2.1.6. Poland

            10.2.1.7. Russia

            10.2.1.8. Rest of Europe

        10.2.2. By Vessel Type

        10.2.3. By Service Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Vessel Type

        10.3.3. By Service Type

    10.4. Key Takeaways

11. East Asia Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Vessel Type

        11.2.3. By Service Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Vessel Type

        11.3.3. By Service Type

    11.4. Key Takeaways

12. South Asia Pacific Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Oceania

            12.2.1.3. Singapore

            12.2.1.4. ASEAN

            12.2.1.5. Rest of South Asia Pacific

        12.2.2. By Vessel Type

        12.2.3. By Service Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Vessel Type

        12.3.3. By Service Type

    12.4. Key Takeaways

13. MEA Market Analysis 2017-2022 and Forecast 2023-2033, By Country

    13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2022

    13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2023-2033

        13.2.1. By Country

            13.2.1.1. Turkey

            13.2.1.2. GCC countries

            13.2.1.3. South Africa

            13.2.1.4. Rest of MEA

        13.2.2. By Vessel Type

        13.2.3. By Service Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Vessel Type

        13.3.3. By Service Type

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. U.S.

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Vessel Type

            14.1.2.2. By Service Type

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Vessel Type

            14.2.2.2. By Service Type

    14.3. Mexico

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Vessel Type

            14.3.2.2. By Service Type

    14.4. Brazil

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Vessel Type

            14.4.2.2. By Service Type

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Vessel Type

            14.5.2.2. By Service Type

    14.6. U.K.

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Vessel Type

            14.6.2.2. By Service Type

    14.7. Italy

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Vessel Type

            14.7.2.2. By Service Type

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Vessel Type

            14.8.2.2. By Service Type

    14.9. France

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Vessel Type

            14.9.2.2. By Service Type

    14.10. Poland

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Vessel Type

            14.10.2.2. By Service Type

    14.11. Russia

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Vessel Type

            14.11.2.2. By Service Type

    14.12. China

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Vessel Type

            14.12.2.2. By Service Type

    14.13. Japan

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Vessel Type

            14.13.2.2. By Service Type

    14.14. South Korea

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Vessel Type

            14.14.2.2. By Service Type

    14.15. India

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Vessel Type

            14.15.2.2. By Service Type

    14.16. Oceania

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Vessel Type

            14.16.2.2. By Service Type

    14.17. Singapore

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Vessel Type

            14.17.2.2. By Service Type

    14.18. ASEAN

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Vessel Type

            14.18.2.2. By Service Type

    14.19. Turkey

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Vessel Type

            14.19.2.2. By Service Type

    14.20. GCC countries

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Vessel Type

            14.20.2.2. By Service Type

    14.21. South Africa

        14.21.1. Pricing Analysis

        14.21.2. Market Share Analysis, 2022

            14.21.2.1. By Vessel Type

            14.21.2.2. By Service Type

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Vessel Type

        15.3.3. By Service Type

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Damen Shipyards Group

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

        16.1.2. Sembcorp Industries Ltd.

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

        16.1.3. Cochin Shipyard Limited

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

        16.1.4. China Shipbuilding Industry Corporation

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

        16.1.5. Fincantieri S.p.A.

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

        16.1.6. Dae Sun Shipbuilding & Engineering Co. Ltd.

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

        16.1.7. Hyundai Mipo Dockyards Co. Ltd.

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

        16.1.8. Arab Shipbuilding and Repair Yard Company

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

        16.1.9. Keppel Corporation Limited

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

        16.1.10. Value (US$ Mn)ed Shipbuilding Corporation

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

        16.1.11. Alexandria Shipyard

            16.1.11.1. Overview

            16.1.11.2. Product Portfolio

            16.1.11.3. Profitability by Market Segments

            16.1.11.4. Sales Footprint

            16.1.11.5. Strategy Overview

                16.1.11.5.1. Marketing Strategy

        16.1.12. Dormac Ship repairs

            16.1.12.1. Overview

            16.1.12.2. Product Portfolio

            16.1.12.3. Profitability by Market Segments

            16.1.12.4. Sales Footprint

            16.1.12.5. Strategy Overview

                16.1.12.5.1. Marketing Strategy

        16.1.13. Astican

            16.1.13.1. Overview

            16.1.13.2. Product Portfolio

            16.1.13.3. Profitability by Market Segments

            16.1.13.4. Sales Footprint

            16.1.13.5. Strategy Overview

                16.1.13.5.1. Marketing Strategy

        16.1.14. HOSEI CO. LTD

            16.1.14.1. Overview

            16.1.14.2. Product Portfolio

            16.1.14.3. Profitability by Market Segments

            16.1.14.4. Sales Footprint

            16.1.14.5. Strategy Overview

                16.1.14.5.1. Marketing Strategy

        16.1.15. TSUNEISHI SHIPBUILDING Co. Ltd

            16.1.15.1. Overview

            16.1.15.2. Product Portfolio

            16.1.15.3. Profitability by Market Segments

            16.1.15.4. Sales Footprint

            16.1.15.5. Strategy Overview

                16.1.15.5.1. Marketing Strategy

        16.1.16. Dundee Marine & Industrial Services Pte Ltd.

            16.1.16.1. Overview

            16.1.16.2. Product Portfolio

            16.1.16.3. Profitability by Market Segments

            16.1.16.4. Sales Footprint

            16.1.16.5. Strategy Overview

                16.1.16.5.1. Marketing Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2033

Table 2: Global Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 3: Global Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 4: North America Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 5: North America Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 6: North America Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 7: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 8: Latin America Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 9: Latin America Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 10: Europe Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 11: Europe Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 12: Europe Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 13: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 14: East Asia Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 15: East Asia Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 16: South Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 17: South Asia Pacific Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 18: South Asia Pacific Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Table 19: MEA Market Value (US$ Mn) Forecast by Country, 2017-2033

Table 20: MEA Market Value (US$ Mn) Forecast by Vessel Type, 2017-2033

Table 21: MEA Market Value (US$ Mn) Forecast by Service Type, 2017-2033

Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 1: Global Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 2: Global Market Value (US$ Mn) by Service Type, 2023-2033

Figure 3: Global Market Value (US$ Mn) by Region, 2023-2033

Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2017-2033

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033

Figure 7: Global Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 8: Global Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 9: Global Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 10: Global Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 13: Global Market Attractiveness by Vessel Type, 2023-2033

Figure 14: Global Market Attractiveness by Service Type, 2023-2033

Figure 15: Global Market Attractiveness by Region, 2023-2033

Figure 16: North America Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 17: North America Market Value (US$ Mn) by Service Type, 2023-2033

Figure 18: North America Market Value (US$ Mn) by Country, 2023-2033

Figure 19: North America Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 22: North America Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 23: North America Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 24: North America Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 25: North America Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 26: North America Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 27: North America Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 28: North America Market Attractiveness by Vessel Type, 2023-2033

Figure 29: North America Market Attractiveness by Service Type, 2023-2033

Figure 30: North America Market Attractiveness by Country, 2023-2033

Figure 31: Latin America Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 32: Latin America Market Value (US$ Mn) by Service Type, 2023-2033

Figure 33: Latin America Market Value (US$ Mn) by Country, 2023-2033

Figure 34: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 37: Latin America Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 38: Latin America Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 40: Latin America Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 41: Latin America Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 43: Latin America Market Attractiveness by Vessel Type, 2023-2033

Figure 44: Latin America Market Attractiveness by Service Type, 2023-2033

Figure 45: Latin America Market Attractiveness by Country, 2023-2033

Figure 46: Europe Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 47: Europe Market Value (US$ Mn) by Service Type, 2023-2033

Figure 48: Europe Market Value (US$ Mn) by Country, 2023-2033

Figure 49: Europe Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 52: Europe Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 53: Europe Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 54: Europe Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 55: Europe Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 56: Europe Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 57: Europe Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 58: Europe Market Attractiveness by Vessel Type, 2023-2033

Figure 59: Europe Market Attractiveness by Service Type, 2023-2033

Figure 60: Europe Market Attractiveness by Country, 2023-2033

Figure 61: East Asia Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 62: East Asia Market Value (US$ Mn) by Service Type, 2023-2033

Figure 63: East Asia Market Value (US$ Mn) by Country, 2023-2033

Figure 64: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 65: East Asia Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 66: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 67: East Asia Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 68: East Asia Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 69: East Asia Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 70: East Asia Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 71: East Asia Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 72: East Asia Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 73: East Asia Market Attractiveness by Vessel Type, 2023-2033

Figure 74: East Asia Market Attractiveness by Service Type, 2023-2033

Figure 75: East Asia Market Attractiveness by Country, 2023-2033

Figure 76: South Asia Pacific Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 77: South Asia Pacific Market Value (US$ Mn) by Service Type, 2023-2033

Figure 78: South Asia Pacific Market Value (US$ Mn) by Country, 2023-2033

Figure 79: South Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 80: South Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 81: South Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 82: South Asia Pacific Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 83: South Asia Pacific Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 84: South Asia Pacific Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 85: South Asia Pacific Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 86: South Asia Pacific Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 87: South Asia Pacific Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 88: South Asia Pacific Market Attractiveness by Vessel Type, 2023-2033

Figure 89: South Asia Pacific Market Attractiveness by Service Type, 2023-2033

Figure 90: South Asia Pacific Market Attractiveness by Country, 2023-2033

Figure 91: MEA Market Value (US$ Mn) by Vessel Type, 2023-2033

Figure 92: MEA Market Value (US$ Mn) by Service Type, 2023-2033

Figure 93: MEA Market Value (US$ Mn) by Country, 2023-2033

Figure 94: MEA Market Value (US$ Mn) Analysis by Country, 2017-2033

Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2023-2033

Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2023-2033

Figure 97: MEA Market Value (US$ Mn) Analysis by Vessel Type, 2017-2033

Figure 98: MEA Market Value Share (%) and BPS Analysis by Vessel Type, 2023-2033

Figure 99: MEA Market Y-o-Y Growth (%) Projections by Vessel Type, 2023-2033

Figure 100: MEA Market Value (US$ Mn) Analysis by Service Type, 2017-2033

Figure 101: MEA Market Value Share (%) and BPS Analysis by Service Type, 2023-2033

Figure 102: MEA Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033

Figure 103: MEA Market Attractiveness by Vessel Type, 2023-2033

Figure 104: MEA Market Attractiveness by Service Type, 2023-2033

Figure 105: MEA Market Attractiveness by Country, 2023-2033

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