Market Overview:
The global ship repair and maintenance services 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 new ships and the growing need for ship repairs and maintenance services. In terms of type, hull part is expected to hold the largest share in the global ship repair and maintenance services market during the forecast period. This can be attributed to increasing demand for new ships, which leads to an increase in hull repairs and replacements.
Product Definition:
Ship Repair and Maintenance Services is the provision of services to maintain and repair ships. These services are important for ensuring that ships remain in a serviceable condition, so they can continue to be used for transportation or other purposes.
Hull Part:
Hull part is a structural component of ships and boats. It helps in providing resistance to deformation, compression, and tension. The different types of hull parts include bow section, stern section, deckhouse (structure containing living quarters), engine room (containing machinery), underwater portion or caisson (a cylindrical steel box containing reserves such as ballast).
Engine Parts:
Engine parts and it's usage in ship repair and maintenance services market is a service which involves the use of various engine components such as turbines, compressors, pumps, bearings among others. The Engine parts & Services include dry-docking (non-service) repairs as well as the regular servicing/repairs that are required to be done on an engine based machine. These services also include component replacement for failed or damaged components.
Application Insights:
The oil and chemical tankers segment accounted for the largest market share in 2017. The growth of this segment is attributed to the rising demand for crude oil from various end-use industries across the globe. Moreover, increasing investments by companies such as BP, Shell and Statoil in developing new technologies that enhance efficiency is expected to drive growth over the forecast period.
The bulk carriers segment is anticipated to register a significant CAGR during the forecast period owing to growing global trade activities coupled with an increase in expenditure on advanced technology vessels that provide higher productivity at lower costs. Technological advancements such as hull design, navigation systems installation and updates along with management techniques are used by major players operating in this sector for efficient operations resulting in increased business volumes over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to rising trade activities across various sectors, such as chemicals, food and beverage, consumer goods among others. Increasing demand for dry bulk carriers in China owing to rapid industrialization along with growing investments in port infrastructure is anticipated to drive regional growth over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption of repair services for vessels operating on inland waterways as well as coastal waters of European countries including Belgium, France among others.
The North American market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for maritime transport: The global seaborne trade has been registering a steady growth in recent years. This is attributable to the increasing demand for goods and commodities from developing countries, and the rise in international trade. As a result, the ship repair and maintenance services market is expected to benefit from this trend.
- Proliferation of cruise ships: The cruise industry is growing at a rapid pace, with an increase in both the number of passengers travelling on cruises as well as the number of cruise ships operating worldwide. This is providing a major impetus to the ship repair and maintenance services market.
- Development of new shipping routes: In order to cater to the burgeoning demand for maritime transport, shipping companies are exploring new routes across different parts of the world. This is resulting in an increase in vessel traffic, which is subsequently fuelling growth prospects forthe ship repair and maintenance services market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Repair and Maintenance Services Market Research Report
By Type
Hull Part, Engine Parts, Electric Works, Others
By Application
Oil and Chemical Tankers, Bulk Carriers, Container Ships, Gas Carriers, Passenger Ships and Ferries, Others
By Companies
Hanjin Heavy Industries, Hyundai Mipo Dockyard Co., China Shipbuilding Industry Corporation (CSIC), Damen Shipyards Group, Cochin Shipyard Limited, Swissco Holdings Limited, Egyptian Ship Repair & Building Company, Desan Shipyard, Sembcorp Marine Ltd, United Shipbuilding Corporation, Kooiman Marine Group
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Ship Repair and Maintenance Services Market Report Segments:
The global Ship Repair and Maintenance Services market is segmented on the basis of:
Types
Hull Part, Engine Parts, Electric Works, 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
Oil and Chemical Tankers, Bulk Carriers, Container Ships, Gas Carriers, Passenger Ships and Ferries, 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:
- Hanjin Heavy Industries
- Hyundai Mipo Dockyard Co.
- China Shipbuilding Industry Corporation (CSIC)
- Damen Shipyards Group
- Cochin Shipyard Limited
- Swissco Holdings Limited
- Egyptian Ship Repair & Building Company
- Desan Shipyard
- Sembcorp Marine Ltd
- United Shipbuilding Corporation
- Kooiman Marine Group
Highlights of The Ship Repair and Maintenance Services 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:
- Hull Part
- Engine Parts
- Electric Works
- Others
- By Application:
- Oil and Chemical Tankers
- Bulk Carriers
- Container Ships
- Gas Carriers
- Passenger Ships and Ferries
- 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 Ship Repair and Maintenance Services 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.
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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?
Ship repair and maintenance services are a type of service that is used to maintain and repair ships. This type of service can be used to fix or replace parts on a ship, as well as provide other support services related to the operation and maintenance of ships.
Some of the major companies in the ship repair and maintenance services market are Hanjin Heavy Industries, Hyundai Mipo Dockyard Co., China Shipbuilding Industry Corporation (CSIC), Damen Shipyards Group, Cochin Shipyard Limited, Swissco Holdings Limited, Egyptian Ship Repair & Building Company, Desan Shipyard, Sembcorp Marine Ltd, United Shipbuilding Corporation, Kooiman Marine Group.
The ship repair and maintenance services 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 Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size & Forecast, 2018-2028 4.5.1 Ship Repair and Maintenance Services Market Size and Y-o-Y Growth 4.5.2 Ship Repair and Maintenance Services Market Absolute $ Opportunity
Chapter 5 Global Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Type
5.2.1 Hull Part
5.2.2 Engine Parts
5.2.3 Electric Works
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Applications
6.2.1 Oil and Chemical Tankers
6.2.2 Bulk Carriers
6.2.3 Container Ships
6.2.4 Gas Carriers
6.2.5 Passenger Ships and Ferries
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Analysis and Forecast
9.1 Introduction
9.2 North America Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Type
9.6.1 Hull Part
9.6.2 Engine Parts
9.6.3 Electric Works
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 Ship Repair and Maintenance Services Market Size Forecast by Applications
9.10.1 Oil and Chemical Tankers
9.10.2 Bulk Carriers
9.10.3 Container Ships
9.10.4 Gas Carriers
9.10.5 Passenger Ships and Ferries
9.10.6 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 Ship Repair and Maintenance Services Analysis and Forecast
10.1 Introduction
10.2 Europe Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Type
10.6.1 Hull Part
10.6.2 Engine Parts
10.6.3 Electric Works
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 Ship Repair and Maintenance Services Market Size Forecast by Applications
10.10.1 Oil and Chemical Tankers
10.10.2 Bulk Carriers
10.10.3 Container Ships
10.10.4 Gas Carriers
10.10.5 Passenger Ships and Ferries
10.10.6 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 Ship Repair and Maintenance Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Type
11.6.1 Hull Part
11.6.2 Engine Parts
11.6.3 Electric Works
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 Ship Repair and Maintenance Services Market Size Forecast by Applications
11.10.1 Oil and Chemical Tankers
11.10.2 Bulk Carriers
11.10.3 Container Ships
11.10.4 Gas Carriers
11.10.5 Passenger Ships and Ferries
11.10.6 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 Ship Repair and Maintenance Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Ship Repair and Maintenance Services 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 Ship Repair and Maintenance Services Market Size Forecast by Type
12.6.1 Hull Part
12.6.2 Engine Parts
12.6.3 Electric Works
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 Ship Repair and Maintenance Services Market Size Forecast by Applications
12.10.1 Oil and Chemical Tankers
12.10.2 Bulk Carriers
12.10.3 Container Ships
12.10.4 Gas Carriers
12.10.5 Passenger Ships and Ferries
12.10.6 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) Ship Repair and Maintenance Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ship Repair and Maintenance Services 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) Ship Repair and Maintenance Services Market Size Forecast by Type
13.6.1 Hull Part
13.6.2 Engine Parts
13.6.3 Electric Works
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) Ship Repair and Maintenance Services Market Size Forecast by Applications
13.10.1 Oil and Chemical Tankers
13.10.2 Bulk Carriers
13.10.3 Container Ships
13.10.4 Gas Carriers
13.10.5 Passenger Ships and Ferries
13.10.6 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 Ship Repair and Maintenance Services Market: Competitive Dashboard
14.2 Global Ship Repair and Maintenance Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hanjin Heavy Industries
14.3.2 Hyundai Mipo Dockyard Co.
14.3.3 China Shipbuilding Industry Corporation (CSIC)
14.3.4 Damen Shipyards Group
14.3.5 Cochin Shipyard Limited
14.3.6 Swissco Holdings Limited
14.3.7 Egyptian Ship Repair & Building Company
14.3.8 Desan Shipyard
14.3.9 Sembcorp Marine Ltd
14.3.10 United Shipbuilding Corporation
14.3.11 Kooiman Marine Group