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.
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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.
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
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