Global Ship Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ship Management Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ship management, as the name suggests, deals with the process of managing a ship. The ship management company manages ships for the owner and pays him the yearly amount which is settled between the owner and the ship management company.

Market Overview:

The latest research study on the global Ship Management market finds that the global Ship Management market reached a value of USD 2615.03 million in 2022. It’s expected that the market will achieve USD 4108.41 million by 2028, exhibiting a CAGR of 7.82% during the forecast period.The war has caused widespread disruption to global shipping, and is likely to exacerbate ongoing supply chain disruption, port congestion and crew crises caused by the Covid-19 pandemic. The shipping industry has been affected on multiple fronts, with the loss of life and vessels in the Black Sea, disruption to trade with Russia and Ukraine, and the growing burden of sanctions. The industry also faces challenges to day-to-day operations, with knock-on effects for crew, the cost and availability of bunker fuel, and the growing threat posed by cyber risk.Ship Management currently focuses its development on the sharing of functions and building an information network to cope with the increasingly fierce competitive environment. In terms of function sharing, ship technical management, crew training and deployment, procurement and accounting, risk management, etc. are all developing in the direction of specialization. Due to the limitation of crew quality and ability, most crew members, including the captain, rarely read the system documents on board. The implementation of the ship safety management system is actually just about completing the required reports, and these numerous reports are just filled in to deal with inspections.

Region Overview:

In 2021, the share of the Ship Management market in Europe stood at 31.11%.

Company Overview

V.Group V.Group Limited provides marine services. The Company offers technical, ship management, crew, supply chain, repair maintenance and installation, leisure, safety and security, inspection, and insurance services.

Anglo-Eastern Group

The Anglo-Eastern Group provides marine shipping services. The Company offers bulk and container fleets, crew management, offshore vessel management, asset protection inspections, ship structure assessment, life extension programs, and education and training services. V.Group is one of the major players operating in the Ship Management market, holding a share of 11.16% in 2022.

Segmentation Overview:

Among different product types, Comprehensive Technical Management of Ships segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Civil Ship segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ship Management market covered in Chapter 3:

Bernhard Schulte ShipmanagementOSM MaritimeCrowley Maritime CorporationFleet Management LimitedGoodwood Ship ManagementSirios ShipmanagementThome GroupSynergy Marine GroupWallem GroupAnglo-Eastern GroupTschudi Ship Management ASV.GroupWilhelmsen Ship ManagementColumbia ShipmanagementLomar ShippingASP Ship Management

In Chapter 4 and Chapter 14.2, on the basis of types, the Ship Management market from 2018 to 2029 is primarily split into:

Comprehensive Technical Management of ShipsCrew Provisioning and ManagementShip Maintenance ManagementShip SupplyOthers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ship Management market from 2018 to 2029 covers:

Military ShipCivil Ship

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)