Boat & Ship MRO Market by Vessel Type (Aircraft Carrier, Barge, Bulk Carriers), MRO Type (Component MRO, Dry Dock MRO, Engine MRO), Services, Application - Global Forecast 2023-2030
The Boat & Ship MRO Market is projected to reach USD 160.20 billion by 2030 from USD 107.35 billion in 2022, at a CAGR of 5.13% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Boat & Ship MRO Market.
- Based on Vessel Type, market is studied across Aircraft Carrier, Barge, Bulk Carriers, Cargo Ships, Container Ship, Destroyers, Fishing Ship, Frigate, Passenger Ships, Submarines, and Yacht. The Aircraft Carrier commanded largest market share of 16.45% in 2022, followed by Container Ship.
- Based on MRO Type, market is studied across Component MRO, Dry Dock MRO, and Engine MRO. The Engine MRO commanded largest market share of 41.11% in 2022, followed by Component MRO.
- Based on Services, market is studied across Maintenance, Refit & Modernization, Repair, and Training. The Maintenance is further studied across Condition Based Maintenance, Failure Finding Maintenance, Predictive Maintenance, Risk-Based Maintenance, and Time Based Maintenance. The Maintenance commanded largest market share of 36.47% in 2022, followed by Refit & Modernization.
- Based on Application, market is studied across Commercial, Defense, and Private. The Commercial commanded largest market share of 46.02% in 2022, followed by Defense.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.23% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Boat & Ship MRO Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Boat & Ship MRO Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Boat & Ship MRO Market, highlighting leading vendors and their innovative profiles. These include 3GA Marine Ltd., Abu Dhabi Ship Building Pjsc, Atlas Marine Shipping LLC, Austal Ltd., Babcock International Group PLC, BAE Systems PLC, Bender CCP, Inc., Bollinger Shipyards LLC, Chantier Naval de Marseille, Chantiers de l'Atlantique, China Shipbuilding Trading Co., Ltd., COSCO Shipping Heavy Industry Co., Ltd., Daewoo Shipbuilding & Marine Engineering Co., Ltd., Damen Shipyards Group, Dynatron Services Pvt. Ltd., Fincantieri S.p.A., General Dynamics Corporation, HD Hyundai Heavy Industries Co., Ltd., HPI, LLC, Huntington Ingalls Industries, Inc., International Maritime Industries, Keppel Offshore & Marine, Larsen & Toubro Limited, Lockheed Martin Corporation, Lürssen Werft GmbH & Co. KG, Mitsubishi Heavy Industries, Ltd., Mitsui E&S Co., Ltd., NAVANTIA, S.A., Neptune Marine Services Private Limited, Rhoads Industries Inc., Saab AB, Samsung Heavy Industries, Seaspan Group of Companies, Singapore Technologies Engineering Ltd., Sumitomo Heavy Industries, Ltd., Thales Group, Wärtsilä, and Zamakona Yards Canarias, S.L..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Boat & Ship MRO Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Boat & Ship MRO Market?
- What is the competitive strategic window for identifying opportunities in the Boat & Ship MRO Market?
- What are the latest technology trends and regulatory frameworks in the Boat & Ship MRO Market?
- What is the market share of the leading vendors in the Boat & Ship MRO Market?
- Which modes and strategic moves are suitable for entering the Boat & Ship MRO Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Boat & Ship MRO Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rise in trade and commerce between various nations and increasing use of commercial ships
- 5.1.1.2. Increasing boat & ship fleet and rise in the number of aging vessels
- 5.1.1.3. Extensive use of vessels in maritime patrolling and naval exercises
- 5.1.2. Restraints
- 5.1.2.1. Concerns associated with downtime and operational disruption
- 5.1.3. Opportunities
- 5.1.3.1. Growing demand for eco-friendly ships and shipping services
- 5.1.3.2. Introduction of robots in ship maintenance and repairs
- 5.1.4. Challenges
- 5.1.4.1. Complex regulatory compliance of ship repair and shortage of skilled technicians
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Rise in sea trade and significant investments for repair of boats & ships in the Americas
- 5.3.2. Ongoing collaborations and expansions to expand boat & ship MRO services in the APAC region
- 5.3.3. Expansion of offshore oil & gas exploration activities coupled with increasing adoption of digital technologies for boat & ship MROs in the EMEA region
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Boat & Ship MRO Market, by Vessel Type
- 6.1. Introduction
- 6.2. Aircraft Carrier
- 6.3. Barge
- 6.4. Bulk Carriers
- 6.5. Cargo Ships
- 6.6. Container Ship
- 6.7. Destroyers
- 6.8. Fishing Ship
- 6.9. Frigate
- 6.10. Passenger Ships
- 6.11. Submarines
- 6.12. Yacht
- 7. Boat & Ship MRO Market, by MRO Type
- 7.1. Introduction
- 7.2. Component MRO
- 7.3. Dry Dock MRO
- 7.4. Engine MRO
- 8. Boat & Ship MRO Market, by Services
- 8.1. Introduction
- 8.2. Maintenance
- 8.3.1. Condition Based Maintenance
- 8.3.2. Failure Finding Maintenance
- 8.3.3. Predictive Maintenance
- 8.3.4. Risk-Based Maintenance
- 8.3.5. Time Based Maintenance
- 8.3. Refit & Modernization
- 8.4. Repair
- 8.5. Training
- 9. Boat & Ship MRO Market, by Application
- 9.1. Introduction
- 9.2. Commercial
- 9.3. Defense
- 9.4. Private
- 10. Americas Boat & Ship MRO Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Boat & Ship MRO Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Boat & Ship MRO Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Mr. Marine acquires Atlas Marine Services Pte Ltd.
- 13.3.1.2. ST Engineering Acquires New Site in Singapore for its Commercial Ship Repair Business
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. General Dynamics NASSCO Nets USD 847 Million Deal To Work On US Navy’s Aircraft Carriers
- 13.3.2.2. Seaspan Continues To Drive Innovation In Modern Shipbuilding And Fleet Maintenance Through Collaboration With Four Leading Canadian Companies
- 13.3.2.3. Thales and Obris to Advance RAN’s Maritime Sustainment Operations
- 13.3.2.4. Abu Dhabi Ship Building Seeks To Sign Deals Worth 'Billions Of Dirhams' In Next Two Years
- 13.3.2.5. IMI, Hyundai Heavy Industries Expanding Shipbuilding Partnership
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Gelectric Launch Predictive Maintenance Solution
- 13.3.4. Investment & Funding
- 13.3.4.1. U.S. Navy awards BAE Systems USD 295 Million Contract for USS Kearsarge Modernization
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. Damen Plans Major Enlargement For Gorinchem Shipyard
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. 3GA Marine Ltd.
- 14.1.2. Abu Dhabi Ship Building Pjsc
- 14.1.3. Atlas Marine Shipping LLC
- 14.1.4. Austal Ltd.
- 14.1.5. Babcock International Group PLC
- 14.1.6. BAE Systems PLC
- 14.1.7. Bender CCP, Inc.
- 14.1.8. Bollinger Shipyards LLC
- 14.1.9. Chantier Naval de Marseille
- 14.1.10. Chantiers de l'Atlantique
- 14.1.11. China Shipbuilding Trading Co., Ltd.
- 14.1.12. COSCO Shipping Heavy Industry Co., Ltd.
- 14.1.13. Daewoo Shipbuilding & Marine Engineering Co., Ltd.
- 14.1.14. Damen Shipyards Group
- 14.1.15. Dynatron Services Pvt. Ltd.
- 14.1.16. Fincantieri S.p.A.
- 14.1.17. General Dynamics Corporation
- 14.1.18. HD Hyundai Heavy Industries Co., Ltd.
- 14.1.19. HPI, LLC
- 14.1.20. Huntington Ingalls Industries, Inc.
- 14.1.21. International Maritime Industries
- 14.1.22. Keppel Offshore & Marine
- 14.1.23. Larsen & Toubro Limited
- 14.1.24. Lockheed Martin Corporation
- 14.1.25. Lürssen Werft GmbH & Co. KG
- 14.1.26. Mitsubishi Heavy Industries, Ltd.
- 14.1.27. Mitsui E&S Co., Ltd.
- 14.1.28. NAVANTIA, S.A.
- 14.1.29. Neptune Marine Services Private Limited
- 14.1.30. Rhoads Industries Inc.
- 14.1.31. Saab AB
- 14.1.32. Samsung Heavy Industries
- 14.1.33. Seaspan Group of Companies
- 14.1.34. Singapore Technologies Engineering Ltd.
- 14.1.35. Sumitomo Heavy Industries, Ltd.
- 14.1.36. Thales Group
- 14.1.37. Wärtsilä
- 14.1.38. Zamakona Yards Canarias, S.L.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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