Mac Watson
Ship repairing Market Understanding Market Trends for 2030: Size, Share, and Growth

Ship Repairing Market size was valued at USD 33.10 Billion in 2022 and is projected to reach USD 60.23 Billion by 2030, growing at a CAGR of 7.77 % from 2023 to 2030.

Ships and boats must be maintained, refurbished, and restored in order to maintain their operational effectiveness and seaworthiness. This is known as the ship repair market. It covers a broad range of services, such as painting, mechanical overhauls, hull repairs, and improvements to safety and navigational systems. In order to extend the lifespan of boats and ensure compliance with safety and regulatory standards, the market provides regular maintenance and repair services to the marine industry, which includes shipowners, ship operators, and naval forces. The aging global fleet, growing marine trade, and legal requirements for environmental compliance and vessel safety are major market drivers. The availability of skilled personnel, technological developments in ship repair methods, and geopolitical variables impacting trade routes and marine security all have an impact on market dynamics.

Top Key Players Covered Ship repairing Market

Damen Shipyards Group (Netherlands), Singapore Technologies Marine Ltd (Singapore), Keppel Offshore & Marine (Singapore), China Shipbuilding Industry Corporation (China), Samsung Heavy Industries Co., Ltd.(South Korea), Hyundai Heavy Industries Co., Ltd. (South Korea), Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) (South Korea), China State Shipbuilding Corporation (CSSC) (China), Shanghai Waigaoqiao Shipbuilding Co., Ltd. (China), Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (China), Jiangnan Shipyard (Group) Co., Ltd. (China), Mitsubishi Heavy Industries, Ltd. (Japan), Japan Marine United Corporation (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Sembcorp Marine Ltd (Singapore), Hyundai Mipo Dockyard Co., Ltd. (South Korea), Samsung Heavy Industries (Nigeria) Ltd. (Nigeria), Imabari Shipbuilding Co., Ltd. (Japan), Fincantieri S.p.A. (Italy), Navantia (Spain), and Other Major Players.

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