Global Marine Salvage Services Market Growth (Status and Outlook) 2025-2031

The global Marine Salvage Services market size is predicted to grow from US$ 6094 million in 2025 to US$ 7639 million in 2031; it is expected to grow at a CAGR of 3.8% from 2025 to 2031.

Marine salvage is the process of recovering a ship and its cargo after a shipwreck or other maritime casualty. Salvage may encompass towing, re-floating a vessel, or effecting repairs to a ship.

United States market for Marine Salvage Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Marine Salvage Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Marine Salvage Services is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Marine Salvage Services players cover DonJon Marine Company, Ardent Global, Royal Boskalis Westminster, Tsavliris Salvage Group, Cooper Capital Specialty Salvage, LLC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Marine Salvage Services Industry Forecast” looks at past sales and reviews total world Marine Salvage Services sales in 2024, providing a comprehensive analysis by region and market sector of projected Marine Salvage Services sales for 2025 through 2031. With Marine Salvage Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Salvage Services industry.

This Insight Report provides a comprehensive analysis of the global Marine Salvage Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Marine Salvage Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Salvage Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Salvage Services and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Salvage Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Salvage Services market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cargo Salvage
Equipment Salvage
Ship Wreck Salvage
Afloat Salvage
Clearance Salvage

Segmentation by Application:
Shipping
Marine Environment
Military
Transportation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DonJon Marine Company
Ardent Global
Royal Boskalis Westminster
Tsavliris Salvage Group
Cooper Capital Specialty Salvage, LLC
Plan B marine solutions
Lloyd's
Leask Marine Ltd
ABL Group

Please note: The report will take approximately 2 business days to prepare and deliver.