Market Overview:
The global rescue and salvage ship 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 large and small salvage ships for various applications such as ship wreck salvage, floating trash salvage, afloat salvage, equipment salvage, and others. North America is expected to lead the global rescue and Salvage Ship Market in terms of revenue contribution followed by Europe during the forecast period.
Product Definition:
A rescue and salvage ship is a type of naval vessel used for emergency response and to support salvage operations. Rescue and salvage ships are equipped with deck cranes, diving bells, and other heavy equipment necessary for recovering objects from the sea floor. They may also be equipped with helicopters or fixed-wing aircraft for search-and-rescue missions.
Small Salvage Ship:
Small Salvage Ship (SSS) is a type of vessel, which is used for minor repairs and maintenance work at sea as well as for emergency situations. It can be characterized by a single screw, twin screws or quad-screw propulsion systems. SSS’s are built in much smaller sizes than rescue & salvage ships and have lower capabilities in terms of carrying capacity.
Large Salvage Ship:
Large Salvage Ship is a type of vessel that is used for towing and recovering damaged or sinking ships. It can be used in both rescue operations as well as for the recovery of cargo, passengers, and other assets from the water. Large salvage ships are generally built with deep drafts so that they can reach even the most remote areas where smaller vessels cannot. They are also designed to carry out operations in rough seas and high waves.
Application Insights:
The shipwreck salvage application segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The rising number of maritime accidents and increasing exploration activities are anticipated to drive the demand for rescue and salvage ships over the forecast period.
Rising awareness among mariners regarding safety, security, pollution prevention, energy conservation as well as about operating cost-effectively has resulted in a shift towards environmentally friendly fuels such as biofuel which further reduces Greenhouse Gas (GHG) emissions from vessels thereby contributing to sustainable development. This trend is projected to fuel market growth during the study period.
Afloat salvage operations are mainly carried out after a vessel sinks or capsizes between ports by using smaller specialized vessels with equipment capable of cutting through chains, lifting weights up to 200 tons.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing marine salvage activities and shipwreck discoveries in U.S. and Canada coastal areas.
Asia Pacific regional market is estimated to grow at a significant rate from 2018 to 2030 due of increasing maritime accidents and natural disasters such as cyclones that damage or destroy ships/vessels causing major loss.
The European regional market also had a prominent share within the global arena in 2017 owing their geographical location close proximity with water-bound countries such as UK, France Italy etc.
Growth Factors:
- Increasing demand for rescue and salvage services due to increase in maritime accidents.
- Growing awareness about the importance of safety at sea and the need for timely rescue operations.
- Proliferation of new technologies in the field of marine salvage which is helping to improve efficiency and effectiveness of rescue operations.
- Rising demand from developing countries for marine salvage services as they are expanding their maritime trade activities rapidly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rescue And Salvage Ship Market Research Report
By Type
Small Salvage Ship, Large Salvage Ship
By Application
Ship Wreck Salvage, Floating Trash Salvage, Afloat Salvage, Equipment Salvage, Others
By Companies
Wärtsilä, Gulf Island Fabrication, Damen Shipyards, Nautic, Zamakona Yards Group, Donjon Marine, Cheoy Lee Shipyards, Eastern Shipbuilding
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Rescue And Salvage Ship Market Report Segments:
The global Rescue And Salvage Ship market is segmented on the basis of:
Types
Small Salvage Ship, Large Salvage Ship
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
Ship Wreck Salvage, Floating Trash Salvage, Afloat Salvage, Equipment Salvage, 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:
- Wärtsilä
- Gulf Island Fabrication
- Damen Shipyards
- Nautic
- Zamakona Yards Group
- Donjon Marine
- Cheoy Lee Shipyards
- Eastern Shipbuilding
Highlights of The Rescue And Salvage Ship 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:
- Small Salvage Ship
- Large Salvage Ship
- By Application:
- Ship Wreck Salvage
- Floating Trash Salvage
- Afloat Salvage
- Equipment Salvage
- 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 Rescue And Salvage Ship 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
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- Product & Brand 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?
A rescue and salvage ship is a specialized type of vessel used to save people or property from danger. They are typically equipped with a variety of equipment, including lifeboats, helicopters, and boats.
Some of the major companies in the rescue and salvage ship market are W¤rtsil¤, Gulf Island Fabrication, Damen Shipyards, Nautic, Zamakona Yards Group, Donjon Marine, Cheoy Lee Shipyards, Eastern Shipbuilding.
The rescue and salvage ship 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 Rescue And Salvage Ship 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 Rescue And Salvage Ship Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rescue And Salvage Ship 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 Rescue And Salvage Ship 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 Rescue And Salvage Ship Market Size & Forecast, 2020-2028
4.5.1 Rescue And Salvage Ship Market Size and Y-o-Y Growth
4.5.2 Rescue And Salvage Ship 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 Small Salvage Ship
5.2.2 Large Salvage Ship
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 Ship Wreck Salvage
6.2.2 Floating Trash Salvage
6.2.3 Afloat Salvage
6.2.4 Equipment Salvage
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rescue And Salvage Ship 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 Rescue And Salvage Ship 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 Small Salvage Ship
9.6.2 Large Salvage Ship
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 Ship Wreck Salvage
9.10.2 Floating Trash Salvage
9.10.3 Afloat Salvage
9.10.4 Equipment Salvage
9.10.5 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 Small Salvage Ship
10.6.2 Large Salvage Ship
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 Ship Wreck Salvage
10.10.2 Floating Trash Salvage
10.10.3 Afloat Salvage
10.10.4 Equipment Salvage
10.10.5 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 Small Salvage Ship
11.6.2 Large Salvage Ship
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 Ship Wreck Salvage
11.10.2 Floating Trash Salvage
11.10.3 Afloat Salvage
11.10.4 Equipment Salvage
11.10.5 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 Small Salvage Ship
12.6.2 Large Salvage Ship
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 Ship Wreck Salvage
12.10.2 Floating Trash Salvage
12.10.3 Afloat Salvage
12.10.4 Equipment Salvage
12.10.5 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 Small Salvage Ship
13.6.2 Large Salvage Ship
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 Ship Wreck Salvage
13.10.2 Floating Trash Salvage
13.10.3 Afloat Salvage
13.10.4 Equipment Salvage
13.10.5 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 Rescue And Salvage Ship Market: Competitive Dashboard
14.2 Global Rescue And Salvage Ship Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wärtsilä
14.3.2 Gulf Island Fabrication
14.3.3 Damen Shipyards
14.3.4 Nautic
14.3.5 Zamakona Yards Group
14.3.6 Donjon Marine
14.3.7 Cheoy Lee Shipyards
14.3.8 Eastern Shipbuilding
