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Global Ship Spares and Equipment Market Size, Share, Report: By Product Type: Ship Fittings and Equipment, Others; By Type: OEM, Aftermarket; By Ship Type: Containers, Bulk Carriers, Transportation and General Cargo, Cruise/Passengers Carriers; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Ship Spares and Equipment Market Competitive Landscape
The report gives a detailed analysis of the following key players in the global ship spares and equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mitsubishi Heavy Industries, Ltd
- Wärtsilä Corporation
- Hyundai Heavy Industries Co., Ltd.
- Fincantieri S.p.A
- MAN Energy Solutions SE
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Ship Spares and Equipment Market Report Snapshots
Ship Spares and Equipment Market Size
Ship Spares and Equipment Market Growth
Ship Spares and Equipment Market Trends
Ship Spares and Equipment Companies
Ship Spares and Equipment Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ship Spares and Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Ship Spares and Equipment Historical Market (2018-2023)
8.3 Global Ship Spares and Equipment Market Forecast (2024-2032)
8.4 Global Ship Spares and Equipment Market by Product Type
8.4.1 Ship Fittings and Equipment
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Shipbuilding and Shipyard Industrial Equipment and Spare Parts
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Propulsion Systems and Equipment
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Auxiliary Systems and Equipment
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Ship Operation Equipment
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Rigging and Lifting Equipment
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Electrical and Electronic Equipment
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 Global Ship Spares and Equipment Market by Type
8.5.1 OEM
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aftermarket
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Ship Spares and Equipment Market by Ship Type
8.6.1 Containers
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Bulk Carriers
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Transportation and General Cargo
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Cruise / Passengers Carriers
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Ship Spares and Equipment Market by End Use
8.7.1 Cargo Ships
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Passengers Ships
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Defence Ships
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Ship Spares and Equipment Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Ship Spares and Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ship Spares and Equipment Market Analysis
10.1 Turkey
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Norway
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Rest of Europe
11 Asia Pacific Ship Spares and Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Rest of Asia Pacific
12 Latin America Ship Spares and Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Rest of Latin America
13 Middle East and Africa Ship Spares and Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mitsubishi Heavy Industries, Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hyundai Heavy Industries Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Wärtsilä Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fincantieri S.p.A
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 MAN Energy Solutions SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ship Spares and Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Ship Spares and Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Ship Spares and Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Ship Spares and Equipment Historical Market: Breakup by Ship Type (USD Million), 2018-2023
5. Global Ship Spares and Equipment Market Forecast: Breakup by Ship Type (USD Million), 2024-2032
6. Global Ship Spares and Equipment Historical Market: Breakup by Type (USD Million), 2018-2023
7. Global Ship Spares and Equipment Market Forecast: Breakup by Type (USD Million), 2024-2032
8. Global Ship Spares and Equipment Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Ship Spares and Equipment Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Ship Spares and Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Ship Spares and Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Ship Spares and Equipment Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The major drivers of the market are rising commercialisation and globalisation, growing technological advancements and increased cruise travelling.
The key trends guiding the growth of the market include growing commercialisation and rise in the demand for commodities and consumer goods.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading product types of ship spares and equipment in the market are ship fittings and equipment, shipbuilding and shipyard industrial equipment and spare parts, propulsion systems and equipment, auxiliary systems and equipment, ship operation equipment, rigging and lifting equipment, and electrical and electronic equipment, among others.
The major types of ship spares and equipment in the market are OEM and aftermarket.
The significant ship types in the market are containers, bulk carriers, transportation and general cargo, and cruise / Passenger carriers, among others.
The leading end uses in the market are cargo ships, passengers ships, and defence ships.
The major players in the global ship spares and equipment market are Mitsubishi Heavy Industries, Ltd, Wärtsilä Corporation, Hyundai Heavy Industries Co., Ltd., Fincantieri S.p.A, and MAN Energy Solutions SE, among others.
The market attained a value of USD 9.02 billion in 2023.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 13.3 billion in 2032.
Analyst Review
The global ship spares and equipment market attained a value of USD 9.02 billion in 2023. Aided by the increasing maritime transport, cruise travel and defence expenditure, the global ship spares and equipment market is expected to witness a growth in the forecast period of 2024-2032 at a CAGR of 4.4% to reach USD 13.3 billion in 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product type, the market is divided into ship fittings and equipment, shipbuilding and shipyard industrial equipment and spare parts, propulsion systems and equipment, auxiliary systems and equipment, ship operation equipment, rigging and lifting equipment, and electrical and electronic equipment, among others. On the basis of type, the market is segmented into OEM and aftermarket. Based on ship type, the market is categorised into containers, bulk carriers, transportation and general cargo, and cruise / Passenger carriers, among others. By end use, the market is divided into cargo ships, passengers ships, and defence ships. The major regional markets for ship spares and equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mitsubishi Heavy Industries, Ltd, Wärtsilä Corporation, Hyundai Heavy Industries Co., Ltd., Fincantieri S.p.A, MAN Energy Solutions SE, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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