Market Overview:
The global marine engineering equipment design market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for marine engineering equipment from various end-use industries such as drilling platforms, shipbuilding, and others. In addition, the growing awareness about the benefits of using advanced marine engineering equipment is also contributing to the growth of this market. Based on type, the transportation equipment design segment is expected to lead the global marine engineering equipment design market during the forecast period. This segment is projected to grow at a CAGR of 6% during 2018-2030 owing to its increasing demand from various end-use industries such as drilling platforms and shipbuilding.
Product Definition:
Marine engineering equipment design is the process of designing and creating machines, tools, and other devices that will be used in marine engineering applications. Marine engineering equipment must be able to withstand the harsh environment of the ocean, as well as being able to function properly in salt water. Equipment designers must also take into account the weight and size of items that will be used in marine applications, as space is often limited on ships and boats.
The importance of marine engineering equipment design cannot be overstated. Properly designed equipment allows for more efficient and safer operations aboard ships and boats. Additionally, well-designed machines can help reduce wear on key components, prolonging the life of expensive parts.
Transportation Equipment Design:
Transportation equipment design is the process of designing and developing a vehicle's structure, by using different types of tools and techniques. The main objective in this process is to develop a safe, efficient, economical transport mode that serves the customer’s need with minimal environmental impact. Transportation equipment design includes research & development activities along with product manufacturing & marketing which forms an important part of marine engineering equipment design market.
Storage Device Design:
The global storage device design and it's usage in marine engineering equipment design market size was valued at USD 1.5 billion in 2016. The growing demand for reliable, durable, and compact solutions is expected to drive the industry growth over the forecast period.
Increasing adoption of cloud-based technologies across various industries has enabled organizations to store large amounts of data on a digital platform that can be accessed from any location or device with an internet connection.
Application Insights:
The other application segment includes equipment for offshore oil and gas production, icebreaking ships, coastal defense vessels and others. The drilling platform manufacturing segment is expected to witness significant growth over the forecast period owing to an increase in demand for deep-water drilling rigs. Platforms are used in harsh environments such as arctic regions where there is a need for efficient heat transfer from the drill string to water through direct contact or by way of convection currents.
The transportation equipment design segment accounted for more than 50% of the overall revenue share in 2017 due to an increase in demand across all major shipping routes resulting into increased utilization of marine engineering equipment such as cranes, hoists and derricks on board container ships, bulk carriers and tankers among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are making efforts to develop their marine engineering equipment design capabilities by encouraging domestic production of drilling platforms and other vessels as well as providing training programs for skilled labor force across various sectors.
The region’s growth can also be attributed to increasing offshore activities in South East Asia due to favorable conditions such as large coastline with numerous islands that need protection from coastal erosion along with rising sea levels associated with climate change.
Growth Factors:
- Increasing demand for marine engineering equipment from the shipping and offshore industries
- Growing popularity of marine engineering equipment among small- and medium-sized enterprises (SMEs)
- Proliferation of new technologies that improve the performance, efficiency, and safety of marine engineering equipment
- Rising investments in research and development (R&D) activities to develop innovative marine engineering equipment products
- Growing number of mergers and acquisitions (M&As) in the marine engineering equipment market
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Engineering Equipment Design Market Research Report
By Type
Transportation Equipment Design, Storage Device Design
By Application
Drilling Platform Manufacturing, Shipbuilding, Other
By Companies
Gusto MSC, F&G, Ulstein, MODEC, Kvaerner, Diamond Offshore, Noble, McDermott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Marine Engineering Equipment Design Market Report Segments:
The global Marine Engineering Equipment Design market is segmented on the basis of:
Types
Transportation Equipment Design, Storage Device Design
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drilling Platform Manufacturing, Shipbuilding, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gusto MSC
- F&G
- Ulstein
- MODEC
- Kvaerner
- Diamond Offshore
- Noble
- McDermott
Highlights of The Marine Engineering Equipment Design Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transportation Equipment Design
- Storage Device Design
- By Application:
- Drilling Platform Manufacturing
- Shipbuilding
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Engineering Equipment Design Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine engineering equipment design is the process of designing and creating marine vessels, aircraft, and other maritime equipment. This includes everything from developing new ship designs to ensuring that existing vessels are properly maintained. Marine engineers also work on projects related to navigation and maritime safety.
Some of the major companies in the marine engineering equipment design market are Gusto MSC, F&G, Ulstein, MODEC, Kvaerner, Diamond Offshore, Noble, McDermott.
The marine engineering equipment design market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Engineering Equipment Design Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Engineering Equipment Design Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Engineering Equipment Design Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Engineering Equipment Design Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Engineering Equipment Design Market Size & Forecast, 2018-2028
4.5.1 Marine Engineering Equipment Design Market Size and Y-o-Y Growth
4.5.2 Marine Engineering Equipment Design Market Absolute $ Opportunity
Chapter 5 Global Marine Engineering Equipment Design Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Engineering Equipment Design Market Size Forecast by Type
5.2.1 Transportation Equipment Design
5.2.2 Storage Device Design
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Engineering Equipment Design Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Engineering Equipment Design Market Size Forecast by Applications
6.2.1 Drilling Platform Manufacturing
6.2.2 Shipbuilding
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Engineering Equipment Design Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Engineering Equipment Design Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Engineering Equipment Design Analysis and Forecast
9.1 Introduction
9.2 North America Marine Engineering Equipment Design Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Engineering Equipment Design Market Size Forecast by Type
9.6.1 Transportation Equipment Design
9.6.2 Storage Device Design
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Engineering Equipment Design Market Size Forecast by Applications
9.10.1 Drilling Platform Manufacturing
9.10.2 Shipbuilding
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Engineering Equipment Design Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Engineering Equipment Design Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Engineering Equipment Design Market Size Forecast by Type
10.6.1 Transportation Equipment Design
10.6.2 Storage Device Design
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Engineering Equipment Design Market Size Forecast by Applications
10.10.1 Drilling Platform Manufacturing
10.10.2 Shipbuilding
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Engineering Equipment Design Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Engineering Equipment Design Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Engineering Equipment Design Market Size Forecast by Type
11.6.1 Transportation Equipment Design
11.6.2 Storage Device Design
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Engineering Equipment Design Market Size Forecast by Applications
11.10.1 Drilling Platform Manufacturing
11.10.2 Shipbuilding
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Engineering Equipment Design Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Engineering Equipment Design Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Engineering Equipment Design Market Size Forecast by Type
12.6.1 Transportation Equipment Design
12.6.2 Storage Device Design
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Engineering Equipment Design Market Size Forecast by Applications
12.10.1 Drilling Platform Manufacturing
12.10.2 Shipbuilding
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Engineering Equipment Design Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Engineering Equipment Design Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Engineering Equipment Design Market Size Forecast by Type
13.6.1 Transportation Equipment Design
13.6.2 Storage Device Design
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Engineering Equipment Design Market Size Forecast by Applications
13.10.1 Drilling Platform Manufacturing
13.10.2 Shipbuilding
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Engineering Equipment Design Market: Competitive Dashboard
14.2 Global Marine Engineering Equipment Design Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gusto MSC
14.3.2 F&G
14.3.3 Ulstein
14.3.4 MODEC
14.3.5 Kvaerner
14.3.6 Diamond Offshore
14.3.7 Noble
14.3.8 McDermott
