Market Overview:
The global marine (offshore) engineering market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for boats, ships, oil rigs, and other marine vessels across the globe. Additionally, the growing need for efficient and advanced maritime infrastructure is also propelling the growth of this market. The global marine (offshore) engineering market can be segmented on the basis of type into mechanical engineering, electrical engineering, electronic engineering, computer science, and others. The mechanical engineering segment is expected to hold a major share of this market during the forecast period owing to its wide applicability in various types of maritime vessels. On the basis of application, this market can be divided into boats, ships oil rigs and others segments respectively.
 Engineering Industry Outlook.svg)
Product Definition:
Marine (offshore) engineering is a field of engineering that deals with the design and construction of marine vessels and structures such as oil rigs and pipelines. Marine (offshore) engineers are responsible for ensuring that these vessels and structures are safe, reliable, and efficient. The importance of marine (offshore) engineering cannot be overstated; the safety of workers, passengers, and the environment depends on it.
Mechanical Engineering:
The global mechanical engineering offshoring trend has been a major factor in driving the growth of the marine (offshore) engineering market. The marine industry is one of the fastest growing industries and it's likely to attract more investments from leading MNCs over the forecast period. These multinational companies are investing in countries such as China, Singapore, Malaysia, Vietnam among others due to low labor cost and proximity to manufacturing base.
Electrical Engineering:
Electrical engineering is the branch of technology that deals with the study and application of electricity, its interaction with other sciences and devices, and applications related to electricity. It includes a wide range of sub-disciplines from signal processing to power distribution. The scope for electrical engineering in marine (offshore)engineering has been increasing over time owing to technological advancements coupled with rising demand for oil & gas offshore drilling activities across the globe.
Application Insights:
The boats, ships, & yachts segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. The rising demand for large vessels with high specifications is expected to drive growth over the next eight years. Increasing number of offshore oil rigs has resulted in an increased requirement of marine engineering services across all types of vessels including supply ships, mobile offshore drilling units (MODUs), floating platforms and support boats.
Ships are used on long-distance voyages transporting goods between different parts of a country or different countries around the world.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid developments in marine engineering industry owing to increasing offshore activities, especially in countries such as China, India, South Korea, Indonesia and Japan. Increasing demand for oil & gas from these developing economies is also anticipated to fuel growth of this regional market during the forecast period.
The Middle East & Africa (MEA) accounted for a significant share of revenue generated by offshore marine engineering industry worldwide due to presence of major oil rigs and other maritime infrastructure across various countries including Saudi Arabia, UAE (Emirates), Kuwait etc. MEA region is projected to register a lucrative CAGR over the forecast years on account of increasing investments towards development and modernization of maritime infrastructure at both domestic level as well as international levels which would result into increased demand for marine engineering products/services thereby supporting regional growth during the estimated time span.
Growth Factors:
- Increasing demand for marine engineering services from the shipping and offshore oil and gas industries
- Growing popularity of newbuildings over retrofitting, as ship owners look to take advantage of technological advancements
- Proliferation of cruise ships and other leisure vessels, fuelling demand for advanced marine engineering solutions
- Increased focus on maritime security in the aftermath of terrorist attacks and piracy incidents
- Ongoing development of new vessel types and propulsion systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine (Offshore) Engineering Market Research Report
By Type
Mechanical Engineering, Electrical Engineering, Electronic Engineering, Computer Science, Others
By Application
Boats, Ships, Oil Rigs, Others
By Companies
Shell, Petrobras, Pttep, Conocophilips, Chevron, Samsung Heavy Industries, Exxon Mobil, Equinor, SHI, HUI, DSME
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Marine (Offshore) Engineering Market Report Segments:
The global Marine (Offshore) Engineering market is segmented on the basis of:
Types
Mechanical Engineering, Electrical Engineering, Electronic Engineering, Computer Science, Others
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
Boats, Ships, Oil Rigs, 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:
- Shell
- Petrobras
- Pttep
- Conocophilips
- Chevron
- Samsung Heavy Industries
- Exxon Mobil
- Equinor
- SHI
- HUI
- DSME
 Engineering Market Overview.svg)
Highlights of The Marine (Offshore) Engineering 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:
- Mechanical Engineering
- Electrical Engineering
- Electronic Engineering
- Computer Science
- Others
- By Application:
- Boats
- Ships
- Oil Rigs
- 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 (Offshore) Engineering 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
 Engineering 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 (Offshore) Engineering is a field of engineering that specializes in the design, construction, and operation of marine vessels and offshore installations. Marine engineers work with a variety of disciplines to develop solutions for complex problems. They may specialize in ship design, naval architecture, marine engineering mechanics, offshore installation engineering, or oil spill response.
Some of the key players operating in the marine (offshore) engineering market are Shell, Petrobras, Pttep, Conocophilips, Chevron, Samsung Heavy Industries, Exxon Mobil, Equinor, SHI, HUI, DSME.
The marine (offshore) engineering 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 (Offshore) Engineering 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 (Offshore) Engineering Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine (Offshore) Engineering 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 (Offshore) Engineering 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 (Offshore) Engineering Market Size & Forecast, 2018-2028
4.5.1 Marine (Offshore) Engineering Market Size and Y-o-Y Growth
4.5.2 Marine (Offshore) Engineering Market Absolute $ Opportunity
Chapter 5 Global Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
5.2.1 Mechanical Engineering
5.2.2 Electrical Engineering
5.2.3 Electronic Engineering
5.2.4 Computer Science
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Applications
6.2.1 Boats
6.2.2 Ships
6.2.3 Oil Rigs
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine (Offshore) Engineering 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 (Offshore) Engineering 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 (Offshore) Engineering Analysis and Forecast
9.1 Introduction
9.2 North America Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
9.6.1 Mechanical Engineering
9.6.2 Electrical Engineering
9.6.3 Electronic Engineering
9.6.4 Computer Science
9.6.5 Others
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 (Offshore) Engineering Market Size Forecast by Applications
9.10.1 Boats
9.10.2 Ships
9.10.3 Oil Rigs
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 (Offshore) Engineering Analysis and Forecast
10.1 Introduction
10.2 Europe Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
10.6.1 Mechanical Engineering
10.6.2 Electrical Engineering
10.6.3 Electronic Engineering
10.6.4 Computer Science
10.6.5 Others
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 (Offshore) Engineering Market Size Forecast by Applications
10.10.1 Boats
10.10.2 Ships
10.10.3 Oil Rigs
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 (Offshore) Engineering Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
11.6.1 Mechanical Engineering
11.6.2 Electrical Engineering
11.6.3 Electronic Engineering
11.6.4 Computer Science
11.6.5 Others
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 (Offshore) Engineering Market Size Forecast by Applications
11.10.1 Boats
11.10.2 Ships
11.10.3 Oil Rigs
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 (Offshore) Engineering Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
12.6.1 Mechanical Engineering
12.6.2 Electrical Engineering
12.6.3 Electronic Engineering
12.6.4 Computer Science
12.6.5 Others
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 (Offshore) Engineering Market Size Forecast by Applications
12.10.1 Boats
12.10.2 Ships
12.10.3 Oil Rigs
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 (Offshore) Engineering Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine (Offshore) Engineering 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 (Offshore) Engineering Market Size Forecast by Type
13.6.1 Mechanical Engineering
13.6.2 Electrical Engineering
13.6.3 Electronic Engineering
13.6.4 Computer Science
13.6.5 Others
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 (Offshore) Engineering Market Size Forecast by Applications
13.10.1 Boats
13.10.2 Ships
13.10.3 Oil Rigs
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 (Offshore) Engineering Market: Competitive Dashboard
14.2 Global Marine (Offshore) Engineering Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shell
14.3.2 Petrobras
14.3.3 Pttep
14.3.4 Conocophilips
14.3.5 Chevron
14.3.6 Samsung Heavy Industries
14.3.7 Exxon Mobil
14.3.8 Equinor
14.3.9 SHI
14.3.10 HUI
14.3.11 DSME
