Marine Vessel Market
PUBLISHED: 2023 ID: SMRC24110
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Marine Vessel Market

Marine Vessel Market Forecasts to 2030 - Global Analysis By Type (Commercial, Passenger Ship, Liquefied Petroleum Gas Carrier and Special Purpose Vessel), System (Sensor System, Marine Engine, Electrical Systems, Control System, Communication Systems and Auxiliary Systems ), Distribution Channel and By Geography

4.9 (28 reviews)
4.9 (28 reviews)
Published: 2023 ID: SMRC24110

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $179.2 BN

Projected Year Value (2030)

US $226.5 BN

CAGR (2023 - 2030)

3.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Marine Vessel Market is accounted for $179.2 billion in 2023 and is expected to reach $226.5 billion by 2030 growing at a CAGR of 3.4% during the forecast period. Marine vessels, also known as ships or boats, are watercraft designed for navigation on the seas, rivers, or other bodies of water. Marine vessels are used for many different things, including cargo and passenger transportation, offshore operations, fishing, leisure and delight, research, and the military. These vessels are equipped with propulsion systems, navigational tools, and comforts tailored to their intended function and are designed to endure the rigours of the sea environment.

According to Maritime Publications, around 80% of the global trade by volume and over 70% of the global trade by value are carried out by sea and are controlled by ports worldwide.



Market Dynamics:

Driver:

Rising offshore activities & industrialization

With the rising need for oil and gas as well as renewable energy sources like wind and solar, the market for offshore activities has also experienced rapid growth in recent years. By providing essential services for the transportation of personnel and equipment to offshore sites, the marine vessel sector plays an important role in supporting offshore activities. The marine vessel market has expanded in part due to the increasing industrialization of the world. The global movement of equipment, finished products, and raw materials depends in large part on the market.

Restraint:

Size restrictions

The largest vessels that can fit in many ports, canals, and waterways are a certain size. These limitations may be brought on by small rivers and lakes, low bridges, or other natural barriers. As a result, when designing and building vessels, shipbuilders and operators must take these limitations into account. The effectiveness and affordability of maritime transportation are also impacted by size constraints. Larger ships usually utilise economies of scale, which increases cargo capacity and lowers per-unit transportation costs. However, if a vessel is too large for some ports or waterways, it can be unable to access important trading hubs or forced to use transhipment, which may complicate the supply chain and increase expenses.

Opportunity:

Cruise and tourism industries

The market for marine vessels has sizable potential due to the cruise and tourism industries. As more individuals look for unique and immersive vacation experiences, the demand for cruise ships and luxury yachts is only increasing. Increased disposable incomes, an ageing population that enjoys leisure travel and the increasing popularity of cruise trips are some of the trends driving this one. The cruise business has chances for shipbuilders, outfitters, and suppliers to design and build elegant, cutting-edge vessels that accommodate changing traveller demands. To draw and keep passengers, cruise lines continually need to build bigger, newer ships with more amenities, entertainment, and onboard services.

Threat:

Restrictive environmental regulations

Even though shipping is thought to be the least polluting option for transportation, countries and international organisations have introduced a number of environmental protection measures to limit the harm that ships can do to the environment. It is difficult to implement these norms in the older fleet, and doing so could impede market expansion. The shipbuilding industry is anticipated to be impacted by the continuing global shift to a clean, green maritime sector. The expansion of the market is anticipated to be constrained by an increase in international maritime environmental rules for greenhouse gas emissions, sulphur emissions, ship recycling, and others.

Covid-19 Impact

The COVID-19 epidemic has significantly impacted the market for maritime vessels, interrupted worldwide supply chains and trade, and decreased demand for transportation services. Additionally, the pandemic has raised regulatory pressure on the sector, leading to tighter safety and hygiene standards and a rising emphasis on sustainability. The sector, nevertheless, has proven resilient in the face of the pandemic, adjusting to new difficulties and figuring out how to keep operating and making money.

The passenger ship segment is expected to be the largest during the forecast period

The passenger ship segment is estimated to hold the largest share. The market for marine boats includes an important portion of passenger ships, which serve the transportation and leisure activity requirements of tourists. With a variety of amenities and services, these ships are built and outfitted to give passengers relaxing and secure trips. Cruise ships, ferries, and opulent yachts are just a few examples of the diverse types of ships that are classified as passenger ships. The objective of every kind of passenger ship is to transport passengers by sea; however, their uses and target markets vary. Opportunities exist for shipbuilders, outfitters, suppliers, and service providers in the marine vessel market's passenger ship segment.

The marine engine segment is expected to have the highest CAGR during the forecast period

The marine engine segment is anticipated to have lucrative growth during the forecast period. Marine engines are an essential component of the market for marine vessels since they supply the power required for boats and ships to traverse across water. These engines offer dependable power, efficiency, and durability while being specifically made to function in the demanding marine environment. The most popular marine engines are diesel ones due to their excellent efficiency, durability, and easy access to diesel fuel. They are renowned for their high torque, dependability, and long lifespan. To maintain safety, environmental compliance, and efficiency, marine engines must adhere to strict regulations and standards.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period due to have extensive experience in shipbuilding and have cutting-edge infrastructure, technology, and experienced employees. They have the ability to build a variety of ships, including LNG carriers, bulk carriers, container ships, and offshore support boats. The offshore oil and gas sector has expanded significantly in the Asia-Pacific area, generating a demand for specialist boats. Drill ships, floating production storage and offloading (FPSO) units, and offshore support vessels have all been built in nations such as China, Singapore, and Malaysia. For offshore exploration, production, and maintenance tasks, these vessels are essential.

Region with highest CAGR:

Europe is expected to witness profitable growth over the projection period. Cruise ships, luxury yachts, offshore vessels, and professional ships like icebreakers and research ships are just a few of the many types of vessels that European shipyards are skilled at building. The ability of Germany to construct container ships, vehicle carriers, and other cargo vessels is well known. Due to their specialisation, European shipbuilders may fill specialised markets and cater to particular consumer needs. Leading cruise companies involved European shipyards to build their cruise ships, including opulent facilities, creative aesthetics, and cutting-edge security measures to meet the growing demand for unique and immersive travel experiences.



Key players in the market

Some of the key players in the Marine Vessel Market include Samsung Heavy Industries Co. Ltd., Mitsubishi Heavy Industries, Ltd., Hyundai Samho Heavy Industries Co. Ltd., Fincantieri S.P.A., Hyundai Heavy Industries Co., Ltd., Al Masaood LLC, Imabari Shipbuilding Co. Ltd., Seapride Marine Engineering Ltd., Daewoo Shipbuilding & Marine Engineering Co., Ltd, Kawasaki Shipbuilding Corporation, VM Marine International Ltd, Al Seer Marine Supplies & Equipment Co, Hyundai Mipo Dockyard Co. Ltd., Israel Shipyards Ltd, Nautic Africa (Pty) Ltd, Oman Oil Marketing Company SAOG and Abu Dhabi Ship Building PJSC.

Key Developments:

In May 2023, Abu Dhabi Shipbuilding (ADSB), a company working in the design, new build, repair, maintenance, refit, and naval and commercial vessels’ conversion, announced the launch of a 92-meter corvette designed by ADSB in the UAE.

In March 2023, Samsung Heavy partners with Kongsberg for next-gen autonomous LNG carrier. Kongsberg Maritime, a provider of navigation systems and digital solutions for ships, has also been active in the development of the world’s first autonomous and fully electric containership.

Types Covered:
• Commercial
• Passenger Ship
• Liquefied Petroleum Gas Carrier
• Special Purpose Vessel

Systems Covered:
• Sensor System
• Marine Engine
• Electrical Systems
• Control System
• Communication Systems
• Auxiliary Systems

Distribution Channels Covered:
• Aftermarket
• Original Equipment Manufacturer

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Marine Vessel Market, By Type
5.1 Introduction
5.2 Commercial
5.2.1 Bulk Carrier
5.2.2 Auto Carriers
5.2.3 Container Ship
5.2.4 Tanker
5.2.5 Roll-In/Roll-Out Carrier
5.3 Passenger Ship
5.3.1 Cruise Ship
5.3.2 Ferry Boat
5.4 Liquefied Petroleum Gas Carrier
5.5 Special Purpose Vessel

6 Global Marine Vessel Market, By System
6.1 Introduction
6.2 Sensor System
6.3 Marine Engine
6.4 Electrical Systems
6.5 Control System
6.6 Communication Systems
6.7 Auxiliary Systems

7 Global Marine Vessel Market, By Distribution Channel
7.1 Introduction
7.2 Aftermarket
7.3 Original Equipment Manufacturer

8 Global Marine Vessel Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Samsung Heavy Industries Co. Ltd.
10.2 Mitsubishi Heavy Industries, Ltd.
10.3 Hyundai Samho Heavy Industries Co. Ltd.
10.4 Fincantieri S.P.A.
10.5 Hyundai Heavy Industries Co., Ltd.
10.6 Al Masaood LLC
10.7 Imabari Shipbuilding Co. Ltd.
10.8 Seapride Marine Engineering Ltd
10.9 Daewoo Shipbuilding & Marine Engineering Co., Ltd
10.10 Kawasaki Shipbuilding Corporation
10.11 VM Marine International Ltd
10.12 Al Seer Marine Supplies & Equipment Co
10.13 Hyundai Mipo Dockyard Co. Ltd.
10.14 Israel Shipyards Ltd
10.15 Nautic Africa (Pty) Ltd
10.16 Oman Oil Marketing Company SAOG
10.17 Abu Dhabi Ship Building PJSC

List of Tables
1 Global Marine Vessel Market Outlook, By Region (2021-2030) ($MN)
2 Global Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
3 Global Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
4 Global Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
5 Global Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
6 Global Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
7 Global Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
8 Global Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
9 Global Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
10 Global Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
11 Global Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
12 Global Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
13 Global Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
14 Global Marine Vessel Market Outlook, By System (2021-2030) ($MN)
15 Global Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
16 Global Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
17 Global Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
18 Global Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
19 Global Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
20 Global Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
21 Global Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
22 Global Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
23 Global Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)
24 North America Marine Vessel Market Outlook, By Country (2021-2030) ($MN)
25 North America Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
26 North America Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
27 North America Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
28 North America Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
29 North America Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
30 North America Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
31 North America Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
32 North America Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
33 North America Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
34 North America Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
35 North America Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
36 North America Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
37 North America Marine Vessel Market Outlook, By System (2021-2030) ($MN)
38 North America Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
39 North America Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
40 North America Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
41 North America Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
42 North America Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
43 North America Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
44 North America Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
45 North America Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
46 North America Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)
47 Europe Marine Vessel Market Outlook, By Country (2021-2030) ($MN)
48 Europe Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
49 Europe Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
50 Europe Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
51 Europe Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
52 Europe Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
53 Europe Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
54 Europe Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
55 Europe Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
56 Europe Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
57 Europe Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
58 Europe Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
59 Europe Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
60 Europe Marine Vessel Market Outlook, By System (2021-2030) ($MN)
61 Europe Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
62 Europe Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
63 Europe Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
64 Europe Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
65 Europe Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
66 Europe Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
67 Europe Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
68 Europe Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
69 Europe Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)
70 Asia Pacific Marine Vessel Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
72 Asia Pacific Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
73 Asia Pacific Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
74 Asia Pacific Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
75 Asia Pacific Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
76 Asia Pacific Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
77 Asia Pacific Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
78 Asia Pacific Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
79 Asia Pacific Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
80 Asia Pacific Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
81 Asia Pacific Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
82 Asia Pacific Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
83 Asia Pacific Marine Vessel Market Outlook, By System (2021-2030) ($MN)
84 Asia Pacific Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
85 Asia Pacific Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
86 Asia Pacific Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
87 Asia Pacific Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
88 Asia Pacific Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
89 Asia Pacific Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
90 Asia Pacific Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
91 Asia Pacific Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
92 Asia Pacific Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)
93 South America Marine Vessel Market Outlook, By Country (2021-2030) ($MN)
94 South America Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
95 South America Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
96 South America Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
97 South America Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
98 South America Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
99 South America Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
100 South America Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
101 South America Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
102 South America Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
103 South America Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
104 South America Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
105 South America Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
106 South America Marine Vessel Market Outlook, By System (2021-2030) ($MN)
107 South America Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
108 South America Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
109 South America Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
110 South America Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
111 South America Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
112 South America Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
113 South America Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
114 South America Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
115 South America Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)
116 Middle East & Africa Marine Vessel Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Marine Vessel Market Outlook, By Type (2021-2030) ($MN)
118 Middle East & Africa Marine Vessel Market Outlook, By Commercial (2021-2030) ($MN)
119 Middle East & Africa Marine Vessel Market Outlook, By Bulk Carrier (2021-2030) ($MN)
120 Middle East & Africa Marine Vessel Market Outlook, By Auto Carriers (2021-2030) ($MN)
121 Middle East & Africa Marine Vessel Market Outlook, By Container Ship (2021-2030) ($MN)
122 Middle East & Africa Marine Vessel Market Outlook, By Tanker (2021-2030) ($MN)
123 Middle East & Africa Marine Vessel Market Outlook, By Roll-In/Roll-Out Carrier (2021-2030) ($MN)
124 Middle East & Africa Marine Vessel Market Outlook, By Passenger Ship (2021-2030) ($MN)
125 Middle East & Africa Marine Vessel Market Outlook, By Cruise Ship (2021-2030) ($MN)
126 Middle East & Africa Marine Vessel Market Outlook, By Ferry Boat (2021-2030) ($MN)
127 Middle East & Africa Marine Vessel Market Outlook, By Liquefied Petroleum Gas Carrier (2021-2030) ($MN)
128 Middle East & Africa Marine Vessel Market Outlook, By Special Purpose Vessel (2021-2030) ($MN)
129 Middle East & Africa Marine Vessel Market Outlook, By System (2021-2030) ($MN)
130 Middle East & Africa Marine Vessel Market Outlook, By Sensor System (2021-2030) ($MN)
131 Middle East & Africa Marine Vessel Market Outlook, By Marine Engine (2021-2030) ($MN)
132 Middle East & Africa Marine Vessel Market Outlook, By Electrical systems (2021-2030) ($MN)
133 Middle East & Africa Marine Vessel Market Outlook, By Control System (2021-2030) ($MN)
134 Middle East & Africa Marine Vessel Market Outlook, By Communication systems (2021-2030) ($MN)
135 Middle East & Africa Marine Vessel Market Outlook, By Auxiliary systems (2021-2030) ($MN)
136 Middle East & Africa Marine Vessel Market Outlook, By Distribution Channel (2021-2030) ($MN)
137 Middle East & Africa Marine Vessel Market Outlook, By Aftermarket (2021-2030) ($MN)
138 Middle East & Africa Marine Vessel Market Outlook, By Original Equipment Manufacturer (2021-2030) ($MN)

List of Figures

List of Figures
Figure 1 Global Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 2 North America Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 3 US Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 4 Canada Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 6 Europe Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 7 Germany Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 8 UK Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 9 Italy Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 10 France Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 11 Spain Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 14 Japan Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 15 China Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 16 India Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 17 Australia Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 21 South America Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 24 Chile Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 28 UAE Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Marine Vessel Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Marine Vessel Market Outlook (2021-2030) ($MN)

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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