Market Overview:
The global marine waste handling equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vessels and naval ships, and the rising awareness about environmental protection. Based on type, the global marine waste handling equipment market is segmented into compactors, comminuters, shredders, and others. Compactors are expected to hold a major share of the market in 2018 owing to their ability to reduce volume of waste by up to 90%. Comminuters are also anticipated to witness high growth during the forecast period as they help in reducing size of particles present in solid wastes. Shredders are used for destroying materials that cannot be compressed or comminuted such as large objects or medical wastes. Others include balers and grapples among others. Based on application, the global marine waste handling equipment market is segmented into passenger vessels, naval ships, and others (offshore platforms/rigs/installations). Passenger vessels held a major share of the global marine waste handling equipment market in 2017 due its growing popularity among tourists across different regions worldwide.
Product Definition:
Marine Waste Handling Equipment is a type of equipment used to handle and store marine waste. Marine Waste Handling Equipment is important because it helps keep the environment clean and safe.
Compactors:
Compactors are used to compact the waste or material for transportation. They are also known as road-making machines, earth-moving equipment, landfill machinery or simply compressors. Compactors can be diesel or electric driven and they can be of various types such as wheeled, skid-mounted and crawler type among others.
Comminuters:
Comminuters are small machines used to separate waste from marine vessels. The process of comminuting is done by using high pressure and speed which helps in breaking down the solid waste into smaller pieces so that it can be easily disposed of or recycled. Comminuter is a mechanical device that consists of various components such as seals, gears, rollers, shafts and others which help in grinding up the solid waste with the help of rotating drums or mills.
Application Insights:
The others application segment includes landfills and transfer stations. The passenger vessel segment is expected to dominate the market in terms of revenue as well as volume over the forecast period. Marine wastes generated from ships are usually collected, processed, and disposed of at sea through onboard sanitation facilities or by rendering them harmless through processing with on-board systems before they are finally discharged into the sea or a dedicated disposal facility.
Passenger vessels accounted for around 60% to 70% of total marine wastes generated worldwide in 2016 according to data published by Oceania International Cruises Association (OICA). However, there has been an increase in awareness regarding environmental protection among ship owners resulting in an increased focus on reducing marine pollution which is likely to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a large share of global maritime trade, especially in container ports such as Singapore, Shanghai, and Hong Kong. Thus, these areas are highly prone to marine pollution caused by waste handling activities. Moreover, increasing foreign investments coupled with rising trade activities across the Indian Ocean has led to an increase in maritime traffic across this region which will further boost product demand over the next eight years.
Europe was estimated at USD X million in 2017 owing to stringent regulations regarding marine waste management from coastal areas as well as inland water bodies that originate from EU legislation known as Marine Strategy Framework Directive (MSFD).
Growth Factors:
- Increasing demand for marine waste handling equipment from the shipping and port industries as a result of the growth in global trade.
- The increasing focus on environmental protection and regulations to reduce marine pollution is driving the demand for marine waste handling equipment.
- The increasing popularity of cruise ships is also contributing to the growth in demand for marine waste handling equipment.
- Technological advancements that have led to the development of more efficient and compact equipment is aiding market growth.
- Growing investments by governments in port infrastructure development are providing opportunities for market expansion
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Waste Handling Equipment Market Research Report
By Type
Compactors, Comminuters, Shredders, Others
By Application
Passenger Vessels, Naval Ships, Others
By Companies
Delitek AS, Norinco, Evac, NorSea Group, Rolls-Royce, Wärtsilä
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Marine Waste Handling Equipment Market Report Segments:
The global Marine Waste Handling Equipment market is segmented on the basis of:
Types
Compactors, Comminuters, Shredders, 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
Passenger Vessels, Naval Ships, 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:
- Delitek AS
- Norinco
- Evac
- NorSea Group
- Rolls-Royce
- Wärtsilä
Highlights of The Marine Waste Handling Equipment 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:
- Compactors
- Comminuters
- Shredders
- Others
- By Application:
- Passenger Vessels
- Naval Ships
- 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 Waste Handling Equipment 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
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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 waste handling equipment is a system that helps to safely and efficiently manage the discharge of marine debris. This includes devices used to collect and process the debris, as well as systems that monitor and control the discharge.
Some of the key players operating in the marine waste handling equipment market are Delitek AS, Norinco, Evac, NorSea Group, Rolls-Royce, W¤rtsil¤.
The marine waste handling equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Waste Handling Equipment 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 Waste Handling Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Waste Handling Equipment 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 Waste Handling Equipment 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 Waste Handling Equipment Market Size & Forecast, 2020-2028
4.5.1 Marine Waste Handling Equipment Market Size and Y-o-Y Growth
4.5.2 Marine Waste Handling Equipment Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Compactors
5.2.2 Comminuters
5.2.3 Shredders
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vessels
6.2.2 Naval Ships
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Waste Handling Equipment 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 Waste Handling Equipment 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Compactors
9.6.2 Comminuters
9.6.3 Shredders
9.6.4 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 Market Size Forecast by Applications
9.10.1 Passenger Vessels
9.10.2 Naval Ships
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Compactors
10.6.2 Comminuters
10.6.3 Shredders
10.6.4 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 Market Size Forecast by Applications
10.10.1 Passenger Vessels
10.10.2 Naval Ships
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Compactors
11.6.2 Comminuters
11.6.3 Shredders
11.6.4 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 Market Size Forecast by Applications
11.10.1 Passenger Vessels
11.10.2 Naval Ships
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Compactors
12.6.2 Comminuters
12.6.3 Shredders
12.6.4 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 Market Size Forecast by Applications
12.10.1 Passenger Vessels
12.10.2 Naval Ships
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Compactors
13.6.2 Comminuters
13.6.3 Shredders
13.6.4 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) Market Size Forecast by Applications
13.10.1 Passenger Vessels
13.10.2 Naval Ships
13.10.3 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 Waste Handling Equipment Market: Competitive Dashboard
14.2 Global Marine Waste Handling Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Delitek AS
14.3.2 Norinco
14.3.3 Evac
14.3.4 NorSea Group
14.3.5 Rolls-Royce
14.3.6 Wärtsilä
