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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261233
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261233
Global Boat and Ship MRO Market Size study & Forecast, by Vessel Type by Vessel Application, by MRO Type and Regional Analysis, 2022-2029
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Global Boat and Ship MRO Market is valued at approximately USD 121.67 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2022-2029.Boat and Ship MRO includes maintenance, repair and overhaul which ensures that they are in optimum working condition during operations. The market for Boat and Ship maintenance, repair, and overhaul (MRO) is growing due to rise in maritime growing fleet of boats and ships, rising sales of new boats and ships, and an increase in the average age of a vessel. Commercial ships are now used more frequently and are put to greater use because of the growth in international trade and business. This aspect is driving the growth of the MRO industry by driving up the need for scheduled maintenance and breakdown maintenance.
According to UNCTAD, the growth of the world's maritime trade will decelerate, reaching 1.4% in 2022. It is anticipated to expand at a 2.1% yearly rate from 2023 to 2027. The Baltic and International Maritime Council (BIMCO) also state that at the beginning of 2021, the world's merchant fleet had a capacity of 74,505 ships spread over 11 major sectors covered by the BIMCO ICS Seafarer Workforce Report 2021. By the end of 2025, the overall fleet is anticipated to reach 79,282 under the baseline scenario. To further reduce costs through economies of scale, the average fleet age and vessel size have increased over time. Since these long-range ships require ongoing repair, the boat and ship MRO market is anticipated to expand over the course of the forecast period. A lucrative expansion of the market is also being brought about by the demand for environmentally friendly ships and transportation services as well as the introduction of robotics in shipbuilding. However, the high cost of Boat and Ship MRO stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Boat and Ship MRO Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising marine trade, rising import and export activities overseas, rising government spending, and procuring the latest technology marine vessels. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising overseas trade activities.
Major market players included in this report are:
- Huntington Ingalls Industries Inc.
- L&T Shipbuilding Limited
- Zamakona Yards
- Abu Dhabi Shipbuilding Company
- Bender CCP
- HPI LLC
- Mitsubishi Heavy Industries Limited
- Bath Iron Works (General Dynamics Corporation)
- Rhoads Industries Inc.
- BAE Systems PLC
Recent Developments in the Market:
- In April 2021, In support of the Royal Navy, BAE Systems revealed that it would provide ship assist management, repair, and maintenance for the whole Portsmouth flotilla under a GBP 900 million deal. As part of a GBP 365 million deal, it also intended to form a joint venture with KBR to provide technology- and data-driven facilities management and dockside services at the base.
- In March 2021, Mitsubishi Heavy Industries and Mitsubishi E&S Holdings have a contract in place for Mitsubishi Heavy Industries to take over the government ship business and navy services.
Global Boat and Ship MRO Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Vessel Type, Vessel Application, MRO Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Vessel Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
By Vessel Type:
- Boat
- Yacht
- Vessels
- other Vessel Types
By Vessel Application:
- Private
- Commercial
- Defense
By MRO Type:
- Engine MRO
- Component MRO
- Dry Dock MRO
- Modifications
- Other MRO Types
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Boat and Ship MRO Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Boat and Ship MRO Market, by Vessel Type, 2019-2029 (USD Billion)
- 1.2.3. Boat and Ship MRO Market, by Vessel Application, 2019-2029 (USD Billion)
- 1.2.4. Boat and Ship MRO Market, by MRO Type, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Boat and Ship MRO Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Boat and Ship MRO Market Dynamics
- 3.1. Boat and Ship MRO Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing Maritime Fleet Worldwide
- 3.1.1.2. Increasing sales of new boats and ships
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Boat and Ship MRO
- 3.1.3. Market Opportunities
- 3.1.3.1. Demand for eco-friendly ships and shipping services
- 3.1.3.2. Advent of robotics in shipbuilding
- 3.1.1. Market Drivers
Chapter 4. Global Boat and Ship MRO Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Boat and Ship MRO Market, by Vessel Type
- 6.1. Market Snapshot
- 6.2. Global Boat and Ship MRO Market by Vessel Type, Performance - Potential Analysis
- 6.3. Global Boat and Ship MRO Market Estimates & Forecasts by Vessel Type 2019-2029 (USD Billion)
- 6.4. Boat and Ship MRO Market, Sub Segment Analysis
- 6.4.1. Boat
- 6.4.2. Yacht
- 6.4.3. Vessels
- 6.4.4. Other Vessel Types
Chapter 7. Global Boat and Ship MRO Market, by Vessel Application
- 7.1. Market Snapshot
- 7.2. Global Boat and Ship MRO Market by Vessel Application, Performance - Potential Analysis
- 7.3. Global Boat and Ship MRO Market Estimates & Forecasts by Vessel Application 2019-2029 (USD Billion)
- 7.4. Boat and Ship MRO Market, Sub Segment Analysis
- 7.4.1. Private
- 7.4.2. Commercial
- 7.4.3. Defense
Chapter 8. Global Boat and Ship MRO Market, by MRO Type
- 8.1. Market Snapshot
- 8.2. Global Boat and Ship MRO Market by MRO Type, Performance - Potential Analysis
- 8.3. Global Boat and Ship MRO Market Estimates & Forecasts by MRO Type 2019-2029 (USD Billion)
- 8.4. Boat and Ship MRO Market, Sub Segment Analysis
- 8.4.1. Engine MRO
- 8.4.2. Component MRO
- 8.4.3. Dry Dock MRO
- 8.4.4. Modifications
- 8.4.5. Other MRO Types
Chapter 9. Global Boat and Ship MRO Market, Regional Analysis
- 9.1. Boat and Ship MRO Market, Regional Market Snapshot
- 9.2. North America Boat and Ship MRO Market
- 9.2.1. U.S. Boat and Ship MRO Market
- 9.2.1.1. Vessel Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Vessel Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. MRO Type breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Boat and Ship MRO Market
- 9.2.1. U.S. Boat and Ship MRO Market
- 9.3. Europe Boat and Ship MRO Market Snapshot
- 9.3.1. U.K. Boat and Ship MRO Market
- 9.3.2. Germany Boat and Ship MRO Market
- 9.3.3. France Boat and Ship MRO Market
- 9.3.4. Spain Boat and Ship MRO Market
- 9.3.5. Italy Boat and Ship MRO Market
- 9.3.6. Rest of Europe Boat and Ship MRO Market
- 9.4. Asia-Pacific Boat and Ship MRO Market Snapshot
- 9.4.1. China Boat and Ship MRO Market
- 9.4.2. India Boat and Ship MRO Market
- 9.4.3. Japan Boat and Ship MRO Market
- 9.4.4. Australia Boat and Ship MRO Market
- 9.4.5. South Korea Boat and Ship MRO Market
- 9.4.6. Rest of Asia Pacific Boat and Ship MRO Market
- 9.5. Latin America Boat and Ship MRO Market Snapshot
- 9.5.1. Brazil Boat and Ship MRO Market
- 9.5.2. Mexico Boat and Ship MRO Market
- 9.5.3. Rest of Latin America Boat and Ship MRO Market
- 9.6. Rest of The World Boat and Ship MRO Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Huntington Ingalls Industries Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. L&T Shipbuilding Limited
- 10.2.3. Zamakona Yards
- 10.2.4. Abu Dhabi Shipbuilding Company
- 10.2.5. Bender CCP
- 10.2.6. HPI LLC
- 10.2.7. Mitsubishi Heavy Industries Limited
- 10.2.8. Bath Iron Works (General Dynamics Corporation)
- 10.2.9. Rhoads Industries Inc.
- 10.2.10. BAE Systems PLC
- 10.2.1. Huntington Ingalls Industries Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Boat and Ship MRO Market, report scope
- TABLE 2. Global Boat and Ship MRO Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Boat and Ship MRO Market estimates & forecasts by Vessel Type 2019-2029 (USD Billion)
- TABLE 4. Global Boat and Ship MRO Market estimates & forecasts by Vessel Application 2019-2029 (USD Billion)
- TABLE 5. Global Boat and Ship MRO Market estimates & forecasts by MRO Type 2019-2029 (USD Billion)
- TABLE 6. Global Boat and Ship MRO Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Boat and Ship MRO Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Boat and Ship MRO Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Boat and Ship MRO Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Boat and Ship MRO Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Boat and Ship MRO Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Boat and Ship MRO Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Boat and Ship MRO Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Boat and Ship MRO Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Boat and Ship MRO Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Boat and Ship MRO Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Boat and Ship MRO Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Boat and Ship MRO Market
- TABLE 71. List of primary sources, used in the study of global Boat and Ship MRO Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Boat and Ship MRO Market, research methodology
- FIG 2. Global Boat and Ship MRO Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Boat and Ship MRO Market, key trends 2021
- FIG 5. Global Boat and Ship MRO Market, growth prospects 2022-2029
- FIG 6. Global Boat and Ship MRO Market, porters 5 force model
- FIG 7. Global Boat and Ship MRO Market, pest analysis
- FIG 8. Global Boat and Ship MRO Market, value chain analysis
- FIG 9. Global Boat and Ship MRO Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Boat and Ship MRO Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Boat and Ship MRO Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Boat and Ship MRO Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Boat and Ship MRO Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Boat and Ship MRO Market, regional snapshot 2019 & 2029
- FIG 15. North America Boat and Ship MRO Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Boat and Ship MRO Market 2019 & 2029 (USD Billion)
- FIG 17. Asia Pacific Boat and Ship MRO Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Boat and Ship MRO Market 2019 & 2029 (USD Billion)
- FIG 19. Global Boat and Ship MRO Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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