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Ship Repair And Maintenance Services Market

Ship Repair and Maintenance Services Market Forecasts to 2028 – Global Analysis By Product (Ship Repairs, Conversions), Repair Type (Emergency, Mechanical), Maintenance (Breakdown, Scheduled) and By Geography

4.5 (54 reviews)
Published: July 2021 ID: SMRC20726
4.5 (54 reviews)
Published: July 2021 ID: SMRC20726

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Ship Repair and Maintenance Services Market is accounted for $23,244.87 million in 2020 and is expected to reach $44,316.09 million by 2028 growing at a CAGR of 8.4% during the forecast period. Increase in industrial manufacturing, increase in seaborne trade and continuous increase in the shipbuilding activities are driving the market growth. However, high maintenance cost is restraining the growth of the market.

Ship repair and maintenance services provides solutions to all categories of vessels, which can be under water or above water include typical repair and maintenance activities, related to vessels, either planned or unplanned. The report made by ship repair and maintenance services is structured to allow the readers by each section of the report to develop a thorough understanding of the dynamics and behavior of the ship repair and maintenance services.

Based on the vessel type, the bulk carriers segment is going to have lucrative growth during the forecast period due to the growing structure requirement in various countries such as Singapore, Dubai and Bahrain to repair offshore support containers will enlarge the ship repair and maintenance services market. By geography, Asia Pacific is going to have high growth during the forecast period due to increasing exploration of natural gas reserves coupled with substantial demand of these fuels, and notable growth in marine cargo and shipping in countries such as India and China, the region will account for a sturdy growth in the global market.

Some of the key players profiled in the Ship Repair and Maintenance Services Market include Cosco Shipyard Group Co.,Ltd, Damen Shipyards Group, Hyundai Mipo Dockyard, Cochin Shipyard Limited, Hyundai Heavy Industries Co., Ltd., Arab Shipbuilding & Repair Yard, Técnico Corporation, Swissco Holdings Limited, China Shipbuilding Industry Corporation (CSIC), United Shipbuilding Corporation and Sembcorp Marine Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 23,244.87 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

8.4%

Predicted 2028 Value:

USD 44,316.09 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

246

Chapters Covered:

Product, Repair Type, Vessel Type, Service, Maintenance Type, Sales Channel and Region

Core Drivers and Opportunities:

  • Increase in industrial manufacturing
  • Increase in seaborne trade
  • Continuous increase in the shipbuilding activities

Restraining Factors & Market Threats:

  • High maintenance cost
  • Included complex process


Products Covered:
• Ship Repairs
• Conversions
• Routine Maintenance

Repair Types Covered:
• Motor Rewind Repairs
• Main Engine Maintenance and Repairs
• Underwater Cleaning and Repairs
• Emergency Repairs
• Electrical and Instrumentation Repairs
• Mechanical Repairs   

Vessel Types Covered:
• Naval
• Passenger Ships and Ferries
• Workboats
• Oil and Chemical Tankers
• Tankers
• General Cargo
• Container Ships
• Mega Yachts and Other Vessels
• Gas Carriers
• Bulk Carriers
• Offshore Vessels  

Services Covered:
• Modular Construction
• Auxiliary Services
• Engine Parts
• Electric Works
• Hull Part
• General Services
• Paint and Coatings
• Dockage

Maintenance Types Covered:
• Condition Maintenance
• Preventive or Scheduled Maintenance
• Corrective or Breakdown Maintenance

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

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 2019, 2020, 2021, 2025 and 2028
- 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

Key Questions Answered In The Report

The Global Ship Repair and Maintenance Services Market is majorly driven by increase in seaborne trade and continuous increase in the shipbuilding activities, increased use of ships for various purposes and increase in industrial manufacturing.

The general cargo segment is growing at a highest CAGR as cargo ships are designed to transport unpackaged bulk cargo, such as grains, coal, ore, steel coils, and cement.

North America dominated with a significant market share due to the factors such as increasing sea-borne trade activities, high shipbuilding and repair activities across the region.

Asia Pacific market is growing at a highest CAGR due to increasing exploration of natural gas reserves coupled with substantial demand of these fuels, and notable growth in marine cargo and shipping in countries in the region.

Key players in Ship Repair and Maintenance Services Market include Cosco Shipyard Group Co.,Ltd, Damen Shipyards Group, Hyundai Mipo Dockyard, Cochin Shipyard Limited, Hyundai Heavy Industries Co., Ltd., Arab Shipbuilding & Repair Yard, Técnico Corporation, Swissco Holdings Limited, China Shipbuilding Industry Corporation (CSIC), United Shipbuilding Corporation and Sembcorp Marine Ltd.

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 Product Analysis  
 3.7 Emerging Markets  
 3.8 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 Ship Repair and Maintenance Services Market, By Product   

 5.1 Introduction  
 5.2 Ship Repairs  
 5.3 Conversions  
 5.4 Routine Maintenance  
    
6 Global Ship Repair and Maintenance Services Market, By Repair Type   
 6.1 Introduction  
 6.2 Motor Rewind Repairs  
 6.3 Main Engine Maintenance and Repairs  
 6.4 Underwater Cleaning and Repairs  
 6.5 Emergency Repairs  
 6.6 Electrical and Instrumentation Repairs  
 6.7 Mechanical Repairs  
    
7 Global Ship Repair and Maintenance Services Market, By Vessel Type   

 7.1 Introduction  
 7.2 Naval  
 7.3 Passenger Ships and Ferries  
 7.4 Workboats  
 7.5 Oil and Chemical Tankers  
 7.6 Tankers  
 7.7 General Cargo  
 7.8 Container Ships  
 7.9 Mega Yachts and Other Vessels  
 7.10 Gas Carriers  
 7.11 Bulk Carriers  
 7.12 Offshore Vessels  
    
8 Global Ship Repair and Maintenance Services Market, By Services   
 8.1 Introduction  
 8.2 Modular Construction  
 8.3 Auxiliary Services  
 8.4 Engine Parts  
 8.5 Electric Works  
 8.6 Hull Part  
 8.7 General Services  
 8.8 Paint and Coatings  
 8.9 Dockage  
    
9 Global Ship Repair and Maintenance Services Market, By Maintenance Type   
 9.1 Introduction  
 9.2 Condition Maintenance  
 9.3 Preventive or Scheduled Maintenance  
 9.4 Corrective or Breakdown Maintenance  
    
10 Global Ship Repair and Maintenance Services Market, By Sales Channel   
 10.1 Introduction  
 10.2 Original Equipment Manufacturer (OEM)  
 10.3 Aftermarket  
    
11 Global Ship Repair and Maintenance Services Market, By Geography   
 11.1 Introduction  
 11.2 North America  
  11.2.1 US 
  11.2.2 Canada 
  11.2.3 Mexico 
 11.3 Europe  
  11.3.1 Germany 
  11.3.2 UK 
  11.3.3 Italy 
  11.3.4 France 
  11.3.5 Spain 
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan 
  11.4.2 China 
  11.4.3 India 
  11.4.4 Australia 
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil 
  11.5.3 Chile 
  11.5.4 Rest of South America 
 11.6 Middle East & Africa  
  11.6.1 Saudi Arabia 
  11.6.2 UAE 
  11.6.3 Qatar 
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa 
    
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers  
 12.3 New Product Launch  
 12.4 Expansions  
 12.5 Other Key Strategies  
    
13 Company Profiling   
 13.1 Cosco Shipyard Group Co.,Ltd  
 13.2 Damen Shipyards Group  
 13.3 Hyundai Mipo Dockyard  
 13.4 Cochin Shipyard Limited  
 13.5 Hyundai Heavy Industries Co., Ltd.  
 13.6 Arab Shipbuilding & Repair Yard  
 13.7 Técnico Corporation  
 13.8 Swissco Holdings Limited  
 13.9 China Shipbuilding Industry Corporation (CSIC)  
 13.10 United Shipbuilding Corporation  
 13.11 Sembcorp Marine Ltd  


List of Tables    
1 Global Ship Repair and Maintenance Services Market Outlook, By Region (2019-2028) ($MN)   
2 Global Ship Repair and Maintenance Services Market Outlook, By Product (2019-2028) ($MN)   
3 Global Ship Repair and Maintenance Services Market Outlook, By Ship Repairs (2019-2028) ($MN)   
4 Global Ship Repair and Maintenance Services Market Outlook, By Conversions (2019-2028) ($MN)   
5 Global Ship Repair and Maintenance Services Market Outlook, By Routine Maintenance (2019-2028) ($MN)   
6 Global Ship Repair and Maintenance Services Market Outlook, By Repair Type (2019-2028) ($MN)   
7 Global Ship Repair and Maintenance Services Market Outlook, By Motor Rewind Repairs (2019-2028) ($MN)   
8 Global Ship Repair and Maintenance Services Market Outlook, By Main Engine Maintenance and Repairs (2019-2028) ($MN)   
9 Global Ship Repair and Maintenance Services Market Outlook, By Underwater Cleaning and Repairs (2019-2028) ($MN)   
10 Global Ship Repair and Maintenance Services Market Outlook, By Emergency Repairs (2019-2028) ($MN)    
11 Global Ship Repair and Maintenance Services Market Outlook, By Electrical and Instrumentation Repairs (2019-2028) ($MN)   
12 Global Ship Repair and Maintenance Services Market Outlook, By Mechanical Repairs (2019-2028) ($MN)   
13 Global Ship Repair and Maintenance Services Market Outlook, By Vessel Type (2019-2028) ($MN)   
14 Global Ship Repair and Maintenance Services Market Outlook, By Naval (2019-2028) ($MN)   
15 Global Ship Repair and Maintenance Services Market Outlook, By Passenger Ships and Ferries (2019-2028) ($MN)   
16 Global Ship Repair and Maintenance Services Market Outlook, By Workboats (2019-2028) ($MN)   
17 Global Ship Repair and Maintenance Services Market Outlook, By Oil and Chemical Tankers (2019-2028) ($MN)   
18 Global Ship Repair and Maintenance Services Market Outlook, By Tankers (2019-2028) ($MN)   
19 Global Ship Repair and Maintenance Services Market Outlook, By General Cargo (2019-2028) ($MN)   
20 Global Ship Repair and Maintenance Services Market Outlook, By Container Ships (2019-2028) ($MN)   
21 Global Ship Repair and Maintenance Services Market Outlook, By Mega Yachts and Other Vessels (2019-2028) ($MN)   
22 Global Ship Repair and Maintenance Services Market Outlook, By Gas Carriers (2019-2028) ($MN)   
23 Global Ship Repair and Maintenance Services Market Outlook, By Bulk Carriers (2019-2028) ($MN)   
24 Global Ship Repair and Maintenance Services Market Outlook, By Offshore Vessels (2019-2028) ($MN)   
25 Global Ship Repair and Maintenance Services Market Outlook, By Services (2019-2028) ($MN)   
26 Global Ship Repair and Maintenance Services Market Outlook, By Modular Construction (2019-2028) ($MN)   
27 Global Ship Repair and Maintenance Services Market Outlook, By Auxiliary Services (2019-2028) ($MN)   
28 Global Ship Repair and Maintenance Services Market Outlook, By Engine Parts (2019-2028) ($MN)   
29 Global Ship Repair and Maintenance Services Market Outlook, By Electric Works (2019-2028) ($MN)   
30 Global Ship Repair and Maintenance Services Market Outlook, By Hull Part (2019-2028) ($MN)   
31 Global Ship Repair and Maintenance Services Market Outlook, By General Services (2019-2028) ($MN)   
32 Global Ship Repair and Maintenance Services Market Outlook, By Paint and Coatings (2019-2028) ($MN)   
33 Global Ship Repair and Maintenance Services Market Outlook, By Dockage (2019-2028) ($MN)   
34 Global Ship Repair and Maintenance Services Market Outlook, By Maintenance Type (2019-2028) ($MN)   
35 Global Ship Repair and Maintenance Services Market Outlook, By Condition Maintenance (2019-2028) ($MN)   
36 Global Ship Repair and Maintenance Services Market Outlook, By Preventive or Scheduled Maintenance (2019-2028) ($MN)   
37 Global Ship Repair and Maintenance Services Market Outlook, By Corrective or Breakdown Maintenance (2019-2028) ($MN)   
38 Global Ship Repair and Maintenance Services Market Outlook, By Sales Channel (2019-2028) ($MN)   
39 Global Ship Repair and Maintenance Services Market Outlook, By Original Equipment Manufacturer (OEM) (2019-2028) ($MN)   
40 Global Ship Repair and Maintenance Services Market Outlook, By Aftermarket (2019-2028) ($MN)   
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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