Sea-based Vehicle Carrier
Global Sea-Based Vehicle Carriers Market to Reach $3.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Sea-Based Vehicle Carriers estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at aCAGR of 4.6% over the period 2020-2027. Ro-Ro Ships, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lo-Lo Ships segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $733.4 Million, While China is Forecast to Grow at 7.7% CAGR
The Sea-Based Vehicle Carriers market in the U.S. is estimated at US$733.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$732.1 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
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