Deck Machinery Market Growth Factors, Future Trends, Challenges, Future Prospects & Industry Analysis
Deck Machinery Market Overview:
The Deck machinery market share is expected to reach USD 3,707.03 Million by 2030, growing at a CAGR of 5.5% from 2023 to 2030. Deck machinery refers to the essential equipment used on ships for mooring, anchoring, cargo handling, and other deck operations.
Deck Machinery Market Drivers:
Focus on operational efficiency: Shipbuilders and operators are increasingly focusing on fuel efficiency and automation, leading to demand for advanced deck machinery solutions.
Expanding offshore wind and oil & gas industries: Growth in these sectors is creating demand for specialized deck machinery for handling heavy components and operating in harsh environments.
Stringent environmental regulations: Regulations aimed at reducing emissions are pushing the development of electric and hybrid deck machinery solutions.
Rising demand for new ships: Increasing maritime trade and growing economies are driving the demand for new ships, consequently boosting the deck machinery growth .
Deck Machinery Market Segmentation:
By System: Electrical, Steam, and Hydraulic
By Product Type: Winch, Anchoring System, Capstan, Windlass, Lifting and Handling equipment
By Application: Cargo Vessels, Oil Tankers, and Ferry
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Deck Machinery Market Key Players:
AMGC
Coastal Marine Equipment
Funz San Industry
Kawasaki Heavy Industries
MacGregor
Marine Equipment Pellegrini
PALFINGER AG
PaR Systems
Rapp Marine
Towimor
TTS Group ASA
Wartsila
Deck Machinery Market Regional Analysis:
Asia Pacific is the largest and fastest-growing market, driven by China's shipbuilding industry.
Europe is a mature market with a strong presence of key players.
North America is expected to witness steady deck machinery market growth due to investments in offshore wind and oil & gas industries.
About CBI:
Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.
Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.
Contact us:
Consegic Business intelligence Pvt Ltd.
Contact no: (US) (505) 715-4344
Email: sales@consegicbusinessintelligence.com