Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) — The Marine Deck Machinery – Global Strategic Business Report has been added to ResearchAndMarkets.com’s offering.
The global market for Marine Machinery is valued at USD 19.1 billion in 2023 and is projected to reach USD 22.3 billion by 2030, growing at a CAGR of 2.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of the trends of the market, drivers and forecasts, helping you make informed business decisions.
The growth of the marine deck machinery market is driven by several key factors. The increasing integration of advanced automation systems and remote monitoring technologies increases operational efficiency and safety, driving adoption. Innovations aimed at reducing energy consumption and increasing environmental sustainability encourage shipping companies to update or replace old equipment. Compliance with international safety and environmental regulations requires upgrading or replacing outdated machinery to meet current standards.
Furthermore, compliance with the requirements of Emission Control Areas (ECA) promotes the use of machines with reduced emissions or alternative fuels. The expansion of offshore industries, such as oil exploration, wind farms and aquaculture, creates demand for specialized deck machinery capable of handling complex and heavy loads. The growth of Arctic navigation requires machinery that can operate reliably in extremely cold, ice-filled waters. The shift to more sophisticated and multi-purpose vessels requires advanced machinery that can perform a variety of functions efficiently.
Finally, the focus on life cycle cost management and retrofitting of older ships with new technologies strengthens the demand for advanced deck machinery and related aftermarket services. These factors collectively drive the development and increased adoption of marine deck machinery, reflecting the industry’s response to evolving market demands and technological advances.
Key insights:
- Market Growth: Understand the significant growth trajectory of the Winches segment, which is expected to reach USD 10.0 billion by 2030 at a CAGR of 2.1%. The Capstans segment is also set to grow at 2.5% CAGR during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated at $5.2 billion in 2023 and China, projected to grow at an impressive CAGR of 4.0% to reach $4.2 billion by 2030. Discover growth trends by region other key markets, including Japan, Canada, Germany, and Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets, including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profiles: Covering major players like Auts Technology Co., Ltd., Bhawani Engineering Works, Bulutlu Marine Group, and more.
- Complementary updates: Get free report updates for a year to keep you informed of the latest market developments.
Main attributes:
| The report attribute | The details |
| Number of pages | 282 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 19.1 billion dollars |
| Projected market value (USD) by 2030 | 22.3 billion dollars |
| Compound annual growth rate | 2.2% |
| Regions covered | global |
Main topics covered:
MARKET SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Global economic update
- Marine Machinery – Global Major Competitors Market Share Share to 2024 (E)
- Competitive market presence – strong/active/country/irrelevant for worldwide players in 2024 (E)
MARKET TRENDS AND RIGHTS
- Growth in Global Maritime Trade Drives the Marine Deck Machinery Market
- Increased investment in shipbuilding expands the addressable market
- Innovations in hydraulic systems drive the development of efficient machinery
- Automation trends favor the growth of marine deck machinery
- Increased offshore exploration and production activities drive market trends
- Innovations in remote monitoring and control systems strengthen the business case
FOCUS ON SELECTED PLAYERS (Total 39 featured)
- Auts Technology Co., Ltd.
- Bhawani Engineering Works
- Bulutlu Marine Group
- China Deyuan Marine Fitting Company Limited
- Chongqing Acir Marine Co., Ltd.
- Chongqing Hi-Sea Marine Equipment Co., Ltd.
- Chongqing Jinbo Import & Export Marine Equipment Co., Ltd.
- Chongqing King-Sea Marine Equipment Co., Ltd.
- Funz San Industry Co., Ltd.
- Jingjiang Sunrises Manufacturing & Trading Combo
- JinTan Lead Marine Equipment Co., Ltd.
- Brand cars
- EO Manufacturing Pte Ltd
- Palb Engineering (M) Sdn Bhd
- Systems Interface Inc.
- TOWIMOR SA
For more information about this report, visit https://www.researchandmarkets.com/r/zbexxs
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Global Marine Deck Machinery Market
