Deck Machinery and Ship Equipment Market Share Driven by Maritime Trade Expansion and Vessel Modernization | Valuates Reports

Deck Machinery and Ship Equipment Market Size
The global market for Deck Machinery and Ship Equipment was valued at US$ 18050 million in the year 2024 and is projected to reach a revised size of US$ 25480 million by 2031, growing at a CAGR of 4.9% during the forecast period.

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The deck machinery and ship equipment market is witnessing steady momentum as global maritime trade and offshore activities continue to expand. Growing demand for efficient cargo handling systems, rising shipbuilding activities, and technological advancements in vessel automation are shaping market trends. Increasing investments in naval modernization and the shift toward safer, more durable, and energy-efficient equipment are further contributing to market growth and the overall expansion of market size.

By type, winches account for the largest market share, driven by their widespread use in anchoring, towing, and cargo operations. Windlasses are also essential, particularly in anchoring systems, while capstans are gaining traction for their role in mooring and handling heavy loads. Among these, capstans are projected to experience the fastest market growth, supported by rising adoption in both commercial and leisure applications. Other specialized deck machinery types continue to enhance operational flexibility across different vessel categories.

In terms of application, commercial ships dominate the market share due to their critical role in international trade, logistics, and large-scale marine operations. However, leisure ships are witnessing faster market growth as the recreational boating industry expands, driven by rising disposable incomes and demand for luxury marine experiences. Other applications, including naval and research vessels, also contribute to the steady adoption of advanced deck machinery and ship equipment.

Looking forward, the market forecast points to strong expansion supported by smart ship technologies, digital monitoring systems, and eco-friendly equipment design. Growing emphasis on operational efficiency, safety standards, and sustainability will continue to influence market trends. With shipbuilders and fleet operators increasingly investing in modern equipment, the deck machinery and ship equipment market is expected to achieve sustained market growth in the years ahead.

Segment by Type

• Winch
• Windlass
• Capstan
• Others

Segment by Application

• Commercial Ship
• Leisure Ship
• Others

By Company

Mitsubishi Heavy Industries, Rolls-Royce, Wartsila, Kawasaki Heavy Industries, Funz San Industry, MacGregor, Marine Equipments Pellegrini, PaR Systems, Rapp Marine, Towimor, PALFINGER AG, China-ini, Nantong CSEMC Machinery Manufacture, CSSC South China Marine Machinery

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