Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "Marine Deck Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Marine Deck Machinery is estimated at US$19.1 Billion in 2023 and is projected to reach US$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 market trends, 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 enhances operational efficiency and safety, driving adoption. Innovations aimed at reducing energy consumption and increasing environmental sustainability encourage shipping companies to update or replace older equipment. Compliance with international safety and environmental regulations necessitates the upgrade or replacement of outdated machinery to meet current standards.
Additionally, the adaptation to Emission Control Areas (ECA) requirements promotes the use of machinery 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 increase in Arctic navigation necessitates machinery that can operate reliably in extreme cold and ice-laden waters.
The shift towards more sophisticated and multipurpose vessels requires advanced machinery that can perform a variety of functions efficiently. Finally, the focus on lifecycle cost management and retrofitting old vessels with new technologies bolsters the demand for advanced deck machinery and associated aftermarket services. These factors collectively drive the development and increased adoption of marine deck machinery, reflecting the industry`s responsiveness to evolving market demands and technological advancements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Winches segment, which is expected to reach US$10.0 Billion by 2030 with a CAGR of a 2.1%. The Capstans segment is also set to grow at 2.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.2 Billion in 2023, and China, forecasted to grow at an impressive 4.0% CAGR to reach $4.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Auts Technology Co., Ltd., Bhawani Engineering Works, Bulutlu Marine Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 282 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $19.1 Billion |
| Forecasted Market Value (USD) by 2030 | $22.3 Billion |
| Compound Annual Growth Rate | 2.2% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Marine Deck Machinery - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growth of Global Maritime Trade Propels Marine Deck Machinery Market
- Increased Investment in Shipbuilding Expands Addressable Market
- Innovations in Hydraulic Systems Propel Development of Efficient Machinery
- Automation Trends Favor Growth of Marine Deck Machinery
- Rising Offshore Exploration and Production Activities Drive Market Trends
- Innovations in Remote Monitoring and Control Systems Strengthen Business Case
FOCUS ON SELECT 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 Marine Equipment Import & Export 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.
- Markey Machine
- O.E. Manufacturing Pte Ltd.
- Palb Engineering (M) Sdn Bhd
- Systems Interface Inc.
- TOWIMOR S.A.
For more information about this report visit https://www.researchandmarkets.com/r/luylrx
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