The global ship hull inspection services market is projected to expand at a value CAGR of 7.2% to reach a valuation of
more than US$ 5.8 Bn by the end of 2032, as per detailed industry
analysis by Persistence Market Research. The rise of the ship hull
inspection services market to maintain and change aging ships into new
ships is aided by continuous development in infrastructure and seaborne
trade for export and security purposes.
The marine industry relies heavily on ship repair and upkeep. The market for ship inspection
services is expected to increase significantly over the projected period
owing to the increasing use of ships for freight and passenger
transportation. The smooth operation of these ships necessitates
frequent inspections, maintenance, and repair. Increasing use of ships
for international cargo transportation is the main driver of this
market. The European region is expected to offer a lot of market
opportunities in the years ahead.
Key Takeaways from Market Study
- By vessel type, bulk carriers are projected to account for a market share of more than 38% by 2032.
- Contract-based services are estimated to hold the largest market share of more than 64%.
- By end user, ship owners are expected to create an absolute $ opportunity of nearly US$ 1.3 Bn.
- By region, South Asia and Pacific is projected to account for the largest share of 25% by 2032.
“Increase in shipbuilding activities and strong demand for maintenance services
are the primary factors driving the growth of the ship hull inspection
services market,” says a Persistence Market Research analyst.
Market Landscape
To expand their geographical footprints, key market players employ a range
of strategies, including new product launches, mergers &
acquisitions, and forays into new markets.
Some of the key ship hull inspection service providers included in the report are Royal
Marine Management Pte Ltd, Carisbrooke Shipping Limited, IMF Technical
Services Ltd, Inuktun Services Ltd., Marine Inspection Services Ltd,
NIPPON KAIJI KENTEI KYOKAI., Norwegian Marine & Cargo Survey,
Overseas Merchandise Inspection Co., Ltd., SolidTech, TechKnowServ,
TECHNOS MIHARA Co., Ltd., Ultramag, AIM Control Group, Blueye, and
Commercial Diving Services Pty Ltd.
Conclusion
Europe, along with North America and Asia Pacific, is a major contributor to
the global market for ship hull inspection services. Non-destructive
testing is being offered by industry service providers to create
connections with ship owners, which is assisting market expansion.
Software companies provide solutions for tracking the state of a ship’s
hull and other machinery.
Want to Know More?
Persistence Market Research, a research and consulting firm, has published a
revised market research report on the ship hull inspection services
market that contains global industry analysis of 2017–2021 and
opportunity assessment for 2022–2032.
The report provides in-depth analysis of the market through different segments, namely, vessel type,
service type, end user, and region.
About Persistence Market Research – Automotive and Transportation
The Automotive and Transportation division of Persistence Market Research provides exclusive coverage and
actionable insights about automotive and transportation industry
encompassing automotive, aviation, shipping and marine, and railway
sector. Market findings and competition intelligence of OEM,
aftermarket, services and technology landscape have helped numerous
industry stakeholders’ right from automakers, component manufacturers,
channel partners and service providers in taking informed decisions and
keeping them up-to-date with market behavior.
