Press release
The Offshore Installation And Maintenance Markets Are Expected To Create Demand In The Industrial Workboats Market
Fact.MR, a market research and competitive intelligence provider, recently released a market report that provides an in-depth analysis of the current and future potential of the industrial work boat market. The market study highlights the main reasons for the growing demand for industrial work boats. . The market study also examines the global industrial work boat sales for the forecast period 2021-2031. The report tracks key Industrial Work Boats market trends, growth opportunities and Industrial Work Boats market size.
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According to market research and competitive intelligence provider Fact.MR, the global industrials workboat market is set to create US$ 2.1 billion absolute dollar opportunity between 2022 and 2032. Workboats using diesel as a power source and for port operators are majorly driving market growth.
The industrial workboats market has been broadly categorized based on application type. The offshore energy segment is poised to experience the highest growth rate over the coming years due to endless opportunities for generating more energy.
With the maritime, oil & gas, offshore wind, and maritime energy industries contributing to energy evolution and investments in sustainable solutions, demand for industrial workboats is only expected to rise across the world.
Short Term (2022 Q2 to 2025): Environmental concerns related to shipping emissions in many countries will lead to increased demand for industrial workboats in the short term.
Medium Term (2025-2028): In the medium term, demand is expected to increase with power source technological advancements in industrial workboats.
Long Term (2028-2032): Market is expected to grow immensely over the long term as the offshore and maritime industry progresses.
According to Fact.MR, the global market for industrial workboats is predicted to expand at a high CAGR of 6.2% between 2022 and 2032 as compared to the CAGR of 1.2% that was recorded between 2017 and 2021.
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Competitive Landscape
Key manufacturers of industrial workboats are Damen Shipyards Group, Eastern Shipbuilding Group, Hamilton, Daewoo Shipbuilding & Marine Engineering Co. Ltd, and Samsung Heavy Industries. These companies provide innovation and techniques in workboats so that these ships can be reliable and effective for use.
The global industrial workboats market is highly competitive and fragmented owing to the presence of several local and international manufacturers. Marketing strategies such as new product launches, product upgradations, thorough research & development, mergers & acquisitions, and partnerships & collaborations are being adopted by key players.
New product launching is frequently adopted as a strategic approach by companies to expand their presence in the market and gain a wider consumer base.
For instance :
In April 2022, Damen Shipyards Group delivered rugged aquaculture workboats to sustainable fish farming company Kames. Kames has taken delivery of the Damen LUV 2208 to improve waterborne operations at its steelhead trout farm.
In May 2022, Elastec Inc announced the acquisition of Kepner Plastics Fabricators Inc., recognizing the quality of its products.
Fact.MR has provided detailed information about the price points of key manufacturers of industrial workboats positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Key Segments of Industrial Workboats Industry Research
Industrial Workboats Market by Type :
Harbor Maintenance Workboats
Surveying Workboats
Transportation Workboats
Ferries
Cargo Workboats
Industrial Workboats Market by Power Source :
Diesel Industrial Workboats
Electric Industrial Workboats
LNG Industrial Workboats
Hybrid / Plug-in Hybrid Industrial Workboats
Industrial Workboats Market by Application :
Offshore Support
Port Operation
Industrial Workboats Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
Why choose Fact.MR?
The reports published by Fact.MR are the result of the combination of our experts and digital technologies. We strive to provide innovative business solutions to clients and tailor reports according to client requirements. Our analysts conduct extensive research to offer the ins and outs of the current market situation. Customers from different time zones tend to use our 24/7 service availability.
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