Boat & Ship MRO Market by Vessel Type, MRO Type, Services, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Boat & Ship MRO Market is forecasted to grow significantly, with a projected USD 113.02 billion in 2023 at a CAGR of 5.13% and expected to reach a staggering USD 160.20 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Boat & Ship MRO Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Boat & Ship MRO Market in order to forecast the revenues and analyze trends in each of following sub-markets:

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.

Market Statistics:

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 essential for assessing the Global Boat & Ship MRO Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Boat & Ship MRO Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Boat & Ship MRO Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Boat & Ship MRO Market?

4. What is the competitive strategic window for opportunities in the Global Boat & Ship MRO Market?

5. What are the technology trends and regulatory frameworks in the Global Boat & Ship MRO Market?

6. What is the market share of the leading vendors in the Global Boat & Ship MRO Market?

7. What modes and strategic moves are considered suitable for entering the Global Boat & Ship MRO Market?

Product Code: MRR-742BD517BFEE

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 Vessel Type, 2022 vs 2030
4.3. Boat & Ship MRO Market, by MRO Type, 2022 vs 2030
4.4. Boat & Ship MRO Market, by Services, 2022 vs 2030
4.5. Boat & Ship MRO Market, by Application, 2022 vs 2030
4.6. Boat & Ship MRO Market, by Region, 2022 vs 2030

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 Trends
- 5.2.1. Rise in sea trade and significant investments for repair of boats & ships in the Americas
- 5.2.2. Ongoing collaborations and expansions to expand boat & ship MRO services in the APAC region
- 5.2.3. Expansion of offshore oil & gas exploration activities coupled with increasing adoption of digital technologies for boat & ship MROs in the EMEA region
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. 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
- 8.2.1. Condition Based Maintenance
- 8.2.2. Failure Finding Maintenance
- 8.2.3. Predictive Maintenance
- 8.2.4. Risk-Based Maintenance
- 8.2.5. 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. List of Company Mentioned

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing