PUBLISHER: The Business Research Company | PRODUCT CODE: 1694999
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694999
Ship hull inspection services involve the procedures and processes dedicated to examining the outer structure or shell of a ship. These services are crucial for ensuring the safety, efficiency, and compliance of maritime operations, as well as safeguarding the marine environment and promoting the longevity of maritime assets.
The primary types of ship hull inspection services include assessments of general corrosion, pitting and grooving, coating conditions, deformation and fractures, cleanliness, among others. Terms such as general corrosion, pitting and grooving, and coating conditions are commonly used to characterize material deterioration, particularly in metals. Various types of vessels fall under these inspection services, such as oil and chemical tankers, bulk carriers, general cargo ships, container ships, gas carriers, offshore vessels, passenger ships and ferries, mega yachts, and more. These services cater to diverse applications such as cruise ships, commercial vessels, container ships, naval ships or military vessels, offshore oil and gas ships, among others. End-users include ship owners, ship manufacturers, and naval vessels.
The ship hull inspection services market research report is one of a series of new reports from The Business Research Company that provides ship hull inspection services market statistics, including ship hull inspection services industry global market size, regional shares, competitors with a ship hull inspection services market share, detailed ship hull inspection services market segments, market trends and opportunities, and any further data you may need to thrive in the ship hull inspection services industry. This ship hull inspection services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ship hull inspection services market size has grown steadily in recent years. It will grow from $13.02 billion in 2024 to $13.42 billion in 2025 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to classification societies, shipping companies, environmental organizations, government regulatory bodies, investors and financial institutions.
The ship hull inspection services market size is expected to see steady growth in the next few years. It will grow to $14.65 billion in 2029 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to environmental concerns, increase in shipping activities, rise of unmanned systems, data analytics and predictive maintenance. Major trends in the forecast period include increased adoption of remote inspection technologies, integration of artificial intelligence (AI) and machine learning (ML), rise of digital twins, adoption of augmented reality (AR) and virtual reality (VR).
The anticipated increase in international trade is set to drive the growth of the ship hull inspection services market. International trade involves the cross-border exchange of goods, services, and capital, facilitating transactions between individuals, businesses, or governments from different countries. This trend is on the rise due to lower trade barriers, increased participation in global value chains, advancements in transportation, and the expansion of markets. Ship hull inspection services play a crucial role in international trade by ensuring safety, regulatory compliance, addressing environmental concerns, managing risks, and supporting the growth of global commerce. For example, reports from the UK-based Office for National Statistics in February 2023 revealed a 32.3% increase in the value of total goods imports, reaching $211.18 billion (£155.5 billion), in 2022 compared to 2021. Total goods exports also experienced a 2.9% increase, reaching $12.376 billion (£9.1 billion) in 2022 compared to the previous year. Consequently, the expected surge in international trade is anticipated to drive the growth of the ship hull inspection services market.
Major players in the ship hull inspection services market are increasingly forming strategic partnerships to develop innovative hull cleaning technologies. These partnerships enable companies to pool their resources and expertise, enhancing research and development, expanding market reach, and accelerating commercialization efforts. Such collaborative approaches foster innovation and drive growth within the ship hull inspection sector. For example, in October 2023, Lomar Shipping, a UK-based shipping services company, teamed up with Alicia Bots, a US-based maritime transportation firm, to develop cutting-edge robotic hull cleaning technology. This partnership aims to improve hull maintenance on Lomar's vessels through advanced robotic cleaning, boosting operational efficiency and minimizing environmental impact. By combining their expertise, both companies aim to innovate in biofouling control and support sustainable practices in the maritime industry.
In May 2024, Edison Chouest Offshore, a US-based shipbuilding company, acquired ROVOP for an undisclosed amount. This acquisition is intended to strengthen Chouest's subsea service capabilities by incorporating ROVOP's expertise and resources. The integration will enhance operational efficiency and broaden the range of client solutions available within the industry. ROVOP is a Scotland-based company that specializes in providing ship hull inspection services.
Major companies operating in the ship hull inspection services market are Bureau Veritas Marine & Offshore, DNV GL, TRC Companies Inc., Lloyd's Register Group, American Bureau of Shipping (ABS), RINA Group, Carisbrooke Shipping Limited, Korean Register, Applied Technical Services, Overseas Merchandise Inspection Co Ltd., Blueye Robotics, Royal Marine Management Pte Ltd., IMF Technical Services Ltd., Inuktun Services Ltd., Marine Inspection Services Ltd., Nippon Kaiji Kyokai, SolidTech, Ultramag Inspection Services, AIM Control Group, Commercial Diving Services Pty Ltd., C-Leanship A/S, AIM Control Inspection Group of Companies, Hempel Services, TechKnowServ Corporation, Norwegian Marine & Cargo Survey, TechKnowServ Corp., TECHNOS MIHARA Co Ltd
North America was the largest region in the ship hull inspection services market in 2024. The regions covered in the ship hull inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ship hull inspection services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ship hull inspection services market includes revenues earned by entities by providing services such as visual inspection, underwater drone inspection, thickness measurement, sample collection and analysis, documentation, and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ship Hull Inspection Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ship hull inspection services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ship hull inspection services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ship hull inspection services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.