Market Overview:
The global marine growth removal (MGR) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for marine growth removal services in the subsea construction, vessel hull cleaning, and mooring systems cleaning applications. Moreover, the increasing demand for MGR services from the oil and gas industry is also contributing to the market growth. However, factors such as high installation and operational costs are restraining the market growth. The power tool segment is expected to dominate the global marine growth removal (MGR) market during the forecast period owing to its ability to remove larger marinegrowth in a shorter time span as comparedto hand tools.
 Industry Outlook.svg)
Product Definition:
Marine Growth Removal (MGR) is the process of removing marine growth from a surface. The importance of Marine Growth Removal (MGR) is that it helps to improve the appearance and performance of a surface by removing marine growth buildup.
Power Tool:
Power tools are classified into two types on the basis of their usage; stationary power tools and portable or handheld power tools. Power tool can be further segmented based on application in three broad categories, namely automotive, construction and electronics. The global market for marine growth removal (MGR) is expected to witness significant growth over the forecast period owing to increasing demand from shipbuilding industry coupled with rising awareness regarding MGR techniques across various end-use industries including oil & gas, construction and marine.
Hand Tool:
Hand tool is a category of power tools that includes drills, saws, wrenches, and similar devices. The hand tools are used for performing mechanical tasks more efficiently than the conventional manual operation. Hand tools are portable in nature and can be easily carried from one place to another as per requirement by the user.
Application Insights:
The vessel hull cleaning segment dominated the global marine growth removal (MGR) market, accounting for over 30% of the overall revenue in 2017. The rising number of oil and gas exploration activities in offshore waters has led to an increase in vessel operations, which is expected to drive product demand over the forecast period.
Vessel hull cleaning is one of the essential processes performed by a shipyard prior to launching a new cruise ship or an existing passenger/freighter vessel for maintenance or repairs. Growth in tourism and shipping activities across various regions has resulted in increased need for maintaining clean ships that offer good aesthetics as well as protect crew members from injuries caused due to sharp edges on wooden surfaces.
Growing awareness among consumers regarding superior service quality coupled with increasing maritime trade are anticipated to fuel product demand over the forecast period.
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, such as China, India, and Indonesia. These countries are witnessing strong economic growth owing to various factors such as industrial development, population expansion, urbanization & infrastructure improvement. Moreover, increasing foreign investments coupled with favorable government policies are anticipated to drive industry growth in this region over the next eight years.
The demand for marine growth removal tools in Europe was valued at USD X million in 2017 on account of rising offshore activities across Ushant (France), Ile d'Yeu (France), Alum Bay (UK), Dogger Bank (UK).
Growth Factors:
- Increasing awareness about the benefits of marine growth removal among end-users
- Rising demand for efficient and effective marine growth removal solutions from shipping and port authorities
- Growing investments in new MGR technologies and equipment by market players
- Proliferation of stringent environmental regulations governing the discharge of aquatic pollutants into coastal waters
- Increasing demand for MGR services from recreational boaters and yacht owners
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Growth Removal (MGR) Market Research Report
By Type
Power Tool, Hand Tool
By Application
Subsea Construction, Vessel Hull Cleaning, Mooring Systems Cleaning, Others
By Companies
ProServ, Ashtead Technology, Oilfield Testing Services Ltd., Marine Engineering Diving Services (MEDS), CaviDine LLC, IEV Group, Found Ocean Ltd.
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Marine Growth Removal (MGR) Market Report Segments:
The global Marine Growth Removal (MGR) market is segmented on the basis of:
Types
Power Tool, Hand Tool
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
Subsea Construction, Vessel Hull Cleaning, Mooring Systems Cleaning, Others
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:
- ProServ
- Ashtead Technology
- Oilfield Testing Services Ltd.
- Marine Engineering Diving Services (MEDS)
- CaviDine LLC
- IEV Group
- Found Ocean Ltd.
 Market Overview.svg)
Highlights of The Marine Growth Removal (MGR) 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:
- Power Tool
- Hand Tool
- By Application:
- Subsea Construction
- Vessel Hull Cleaning
- Mooring Systems Cleaning
- Others
- 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 Growth Removal (MGR) 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
 Market Statistics.svg)
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 growth removal (MGR) is a process that removes marine growth from an area. Marine growth can include seaweed, barnacles, and other marine life. MGR can be used to clean surfaces or remove pollutants from the water.
Some of the key players operating in the marine growth removal (mgr) market are ProServ, Ashtead Technology, Oilfield Testing Services Ltd., Marine Engineering Diving Services (MEDS), CaviDine LLC, IEV Group, Found Ocean Ltd..
The marine growth removal (mgr) 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 Growth Removal (MGR) 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 Growth Removal (MGR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Growth Removal (MGR) 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 Growth Removal (MGR) 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 Growth Removal (MGR) Market Size & Forecast, 2018-2028
4.5.1 Marine Growth Removal (MGR) Market Size and Y-o-Y Growth
4.5.2 Marine Growth Removal (MGR) Market Absolute $ Opportunity
Chapter 5 Global Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
5.2.1 Power Tool
5.2.2 Hand Tool
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Applications
6.2.1 Subsea Construction
6.2.2 Vessel Hull Cleaning
6.2.3 Mooring Systems Cleaning
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Growth Removal (MGR) 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 Growth Removal (MGR) 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 Growth Removal (MGR) Analysis and Forecast
9.1 Introduction
9.2 North America Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
9.6.1 Power Tool
9.6.2 Hand Tool
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 Growth Removal (MGR) Market Size Forecast by Applications
9.10.1 Subsea Construction
9.10.2 Vessel Hull Cleaning
9.10.3 Mooring Systems Cleaning
9.10.4 Others
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 Growth Removal (MGR) Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
10.6.1 Power Tool
10.6.2 Hand Tool
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 Growth Removal (MGR) Market Size Forecast by Applications
10.10.1 Subsea Construction
10.10.2 Vessel Hull Cleaning
10.10.3 Mooring Systems Cleaning
10.10.4 Others
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 Growth Removal (MGR) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
11.6.1 Power Tool
11.6.2 Hand Tool
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 Growth Removal (MGR) Market Size Forecast by Applications
11.10.1 Subsea Construction
11.10.2 Vessel Hull Cleaning
11.10.3 Mooring Systems Cleaning
11.10.4 Others
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 Growth Removal (MGR) Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
12.6.1 Power Tool
12.6.2 Hand Tool
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 Growth Removal (MGR) Market Size Forecast by Applications
12.10.1 Subsea Construction
12.10.2 Vessel Hull Cleaning
12.10.3 Mooring Systems Cleaning
12.10.4 Others
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 Growth Removal (MGR) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Growth Removal (MGR) 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 Growth Removal (MGR) Market Size Forecast by Type
13.6.1 Power Tool
13.6.2 Hand Tool
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 Growth Removal (MGR) Market Size Forecast by Applications
13.10.1 Subsea Construction
13.10.2 Vessel Hull Cleaning
13.10.3 Mooring Systems Cleaning
13.10.4 Others
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 Growth Removal (MGR) Market: Competitive Dashboard
14.2 Global Marine Growth Removal (MGR) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ProServ
14.3.2 Ashtead Technology
14.3.3 Oilfield Testing Services Ltd.
14.3.4 Marine Engineering Diving Services (MEDS)
14.3.5 CaviDine LLC
14.3.6 IEV Group
14.3.7 Found Ocean Ltd.
