Press release
Marine Vessel Market Size, Share, Trends, Growth & Industry Demand by 2032
The global marine vessel market size is set to gain momentum from the ongoing innovations in the shipping industry to enhance energy efficiency. Hence, companies are rapidly shifting towards eco-friendly hybrid propulsion systems to reduce cost and surge efficiency. This information is given by Fortune Business Insightsโข in a report titled, "Marine Vessel Market, 2024-2032." As per the report, the market stood at USD 152.38 billion in 2023. It is projected to grow from USD 160.56 billion in 2024 to USD 247.96 billion in 2032 at a CAGR of 5.6% during the forecast period.๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/marine-vessel-market-102699
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
Our analysts have conducted qualitative and quantitative research and a mixture of primary and secondary resources to gather information about this industry. They have taken data from press releases, paid databases, company journals, and other sources to offer a complete picture of the market. To collect information about the competitive landscape they have conducted interviews with renowned personalities.
๐ ๐ฅ๐ข๐ฌ๐ญ ๐จ๐ ๐ซ๐๐ง๐จ๐ฐ๐ง๐๐ ๐ฆ๐๐ซ๐ข๐ง๐ ๐ฏ๐๐ฌ๐ฌ๐๐ฅ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ:
โข BAE Systems (U.K.)
โข Mazagon Dock Shipbuilders Limited (India)
โข Garden Reach Shipbuilders and Engineers (GRSE) (India)
โข Hyundai Heavy Industries Co. Ltd (HHI) (South Korea)
โข Hyundai Mipo Dockyard (South Korea)
โข General Dynamics Corp NASSCO (U.S.)
โข Larsen & Toubro Ltd. (India)
โข Navantia (Spain)
โข ThyssenKrupp Marine Systems (Germany)
โข Damen Shipyards Group (Netherlands)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐ก๐ข๐ฉ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐๐ฅ๐ ๐๐% ๐๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐: ๐ ๐จ๐ซ๐ญ๐ฎ๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌโข
Based on type, the market is segregated into special purpose vessels, LNG/LPG carriers, passenger ships, and commercial. Out of these, the passenger ship segment procured 23% in 2020 in terms of the marine vessel market share. It contains two sub-segments, namely, cruise ships and ferry boats. The demand for ferryboats is anticipated to surge in the near future because of the increasing tourism.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/marine-vessel-market-102699
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ & ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐๐๐จ๐ซ๐ง๐ ๐๐ซ๐๐๐ ๐ญ๐จ ๐๐จ๐ฅ๐ฌ๐ญ๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The global economy and international trade play a major role in maritime transport. The marine vessel market growth is set to occur on account of the surging seaborne trade across the globe. Maritime Publications, for instance, stated that more than 70% of the global trade by value and around 80% by volume is controlled by ports and carried out by sea globally. However, government agencies in various countries implement strict norms to reduce Sulfur and greenhouse gas emissions from ships. It is set to obstruct the demand for such vessels.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐๐๐ ๐๐ญ๐จ๐ค๐๐ ๐๐ฒ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐๐ก๐ข๐ง๐, ๐๐๐ฉ๐๐ง, ๐๐ง๐ ๐๐จ๐ซ๐๐
Geographically, in 2020, North America generated USD 8.80 billion in terms of revenue. Asia Pacific is anticipated to hold the largest share in the marine vessel industry backed by the major contributions of the Republic of Korea, Japan, and China. In 2019, they accounted for 92.5% in terms of new vessel deliveries. Europe is expected to remain in the second position spurred by the presence of Fincantieri S.P.A. in the region.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐-
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ข๐ง๐ง๐ข๐ง๐ ๐๐๐ฐ ๐๐ซ๐๐๐ซ๐ฌ ๐ญ๐จ ๐๐๐ข๐ง ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ ๐
The global market contains a large number of companies that are striving persistently to gain a competitive edge. To do so, they are trying to bag new contracts from prominent manufacturers.
๐๐๐ฅ๐จ๐ฐ ๐๐ซ๐ ๐ญ๐ก๐ ๐ญ๐ฐ๐จ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐ฎ๐ฅ๐ฒ ๐๐๐๐: South Korea's Dae Sun Shipbuilding & Engineering received a new order worth USD 153.6 million from SITC International Holdings Company (SITC) to deliver eight plus two boxships.
๐๐ฎ๐ง๐ ๐๐๐๐: The Republic of the Marshall Islands (RMI) Maritime Administrator, Korea Shipbuilding & Marine Engineering (KSOE), Hyundai Mipo Dockyard (HMD), and ABS signed an agreement to develop next-generation CO2 carrier designs.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/marine-vessel-market-102699
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐๐ซ๐ข๐ง๐ ๐๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ
https://www.fortunebusinessinsights.com/marine-sensors-market-103541
๐๐๐ซ๐ข๐ง๐ ๐๐ฒ๐๐ซ๐ข๐ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
https://www.fortunebusinessinsights.com/industry-reports/marine-hybrid-propulsion-market-100128
๐๐๐ซ๐ข๐ง๐ ๐๐ซ๐จ๐ฉ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
https://www.fortunebusinessinsights.com/marine-propeller-market-103074
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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