Global Dry Docking Services
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Dry Docking Services Market Report 2024.
Global Dry Docking Services Industry's Compound Annual Growth Rate will be 5.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Dry Docking Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
|
Market Split by End-Use |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Dry Docking Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Dry Docking Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Dry docking services refer to the process of repairing a ship or transporting it to a servicing yard. The entire ship is transported to dry land during dry docking so that the submerged areas of the ship can be cleaned or assessed.
The global dry-docking services market has continued to expand in recent years, due to the factors such as global economic expansion, increased international trade, and rising demand for goods delivered through water. Dry docking is an important technique for assuring the seaworthiness, regulatory compliance, and operating efficiency of ships and other shipping vessels during maintenance, repair, and refurbishing. The marine industry's constant expansion has increased demand for dry docking services. Dry docking is required at varying times for different types of vessels, such as commercial ships, navy vessels, and offshore rigs, depending on their operational needs and regulatory requirements. The market is distinguished by the presence of specialized dry-docking facilities as well as shipyards that provide these services.
Technological improvements and digitalization are influencing the dry-docking services business significantly. Robotics, automation, artificial intelligence, and data analytics are transforming the dry-docking process. These technologies offer efficient vessel inspection, predictive maintenance, and streamlined operations, resulting in reduced downtime and increased output. Digital platforms and software solutions are also being created to improve communication and coordination among shipowners, shipyards, and service providers, with the goal of optimizing the dry-docking workflow. Furthermore, the industry is recognizing the importance of adopting sustainable practices and eco-friendly solutions. During the dry-docking process, this includes the use of ecologically friendly coatings, waste management systems, and energy-efficient technologies. As the marine industry prioritizes sustainability, the need for green dry-docking services is projected to rise.
Overall, technological improvements and environmental measures are driving innovation and changing the future of the dry-docking business.
The increase in the number of merchant ships is a significant driver for the dry-docking services market. As shipping fleets expand, so does the need for regular maintenance, repair, and refurbishing to ensure the operational efficiency and safety of these vessels. Dry docking is an important method for addressing concerns like ship damage, corrosion, mechanical breakdowns, and regulatory compliance. The demand for dry docking services grows in line with the number of ships in operation i.e., the more the number of ships more is the demand for marine services like dry docking service. For instance, in 2023, the global fleet consists of 118,928 trade vessels totaling 1,479,783 Gross Tonnage (in 1000 gt). Container ships account for 4.64% of this fleet which is 5,517 ships, while oil and chemical tankers account for 12.02% i.e., 14,309 ships (Source: The United Nations Conference on Trade and Development).
As of 2022, over 17,800 of the approximately 58,000 merchant ships sailing internationally were Ro-Ro/general cargo ships. Thus, Ro-Ro/general cargo ships accounted for roughly 31% of the total trade fleet. As a result, the growing global ship directly contributes to the expansion of the dry-docking services market, as ship owners and operators seek dependable and cost-effective maintenance solutions to keep their vessels safe and operational.
We have various report editions of Dry Docking Services Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
SMS Group provides technology and services in mechanical engineering and plant construction for the metals industry. The company has a presence in around 30 countries worldwide with 100 offices and workshops across the globe. The company has a presence in the regions of Americas, Asia-Pacific, Middle East and Africa, and Europe with a network for project handling and services and sales. Along with dry docking services, the company also offers other services such as electrics and automation, digitalization, consulting and education, lifecycle partnerships, and technical services
The company's dry docking service is completely mobile which supports repair and maintenance works in ports, harbors, and shipyards, and alongside quay walls throughout Europe and UK. SMS Group offers its dry docking services for defense sector, interior outfits of ships, at estates and infrastructure (ports, harbors, navy bases, and utilities), and diving and subsurface docking services (shipside and shoreside) as well.
June 2022,
SMS Group signed a contract with UK based cruise operator
The SMS Group based in the ABP Southampton footprint, in the Port of Southampton, Hampshire, signed an interior outfit and engineering contract at Seawork in Southampton with the UK-based cruise operator. Under this contract, SMS Group worked on internal and external steel works, and repositioned the non-structural bulkheads, new pipe works, and associated systems. This helped the company to expand its market presence and strengthen its market position in the United Kingdom for the repair and maintenance of passenger ships.
Top Companies Market Share in Dry Docking Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Dry Docking Services Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Dry Docking Services market.
The current report Scope analyzes Dry Docking Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Dry Docking Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Dry Docking Services Industry growth. Dry Docking Services market has been segmented with the help of its Type, End-Use , and others. Dry Docking Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The repair and maintenance segment accounts for a significant share of XX% and is expected to grow at a CAGR of XX%, during the forecast period, due to increasing in demand for dry docking of cargo, marine, and specialized ships to ensure their effective functioning or operation. The dry-docking service in a cargo and naval ship needs regular repair & maintenance service to increase its efficiency and allows routine maintenance and anti-fouling measure to maintain operational readiness.
United Nations Conference on Trade and Development in 2022 stated a significant increase in investment in maritime supply chains. Cargo ships carry around 80% of the goods traded globally. Further, the international maritime trade in 2021, estimated the growth of 3.2% and shipments of ~USD 11.0 billion tons. Thus, an increase in maritime trade and shipments of goods through cargo ships, boost the demand for repair & maintenance services, to ensure operational efficiency in maritime trade.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Dry Docking Services Industry. Request a Free Sample PDF!
Cargo ships carried goods and materials across several ports. Cargo ship undergoes dry docking services to ensure effective operation in maritime trade. The Cargo ship accounts for a significant share of XX% of the market, due to the increase in demand for cargo ships in maritime cargo handling trade centers. The rise in the usage of cargo handling ships boosts dry-docking services. According to data published by the United Nations Conference on Trade and Development in 2022, Asia accounted for a significant share in maritime handling of cargo, including ~42% export and ~64% import of goods through cargo ships. Japan is using more cargo ships in maritime trade. These factors fuel the cargo ship segment in dry docking services market.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Dry Docking Services Market is witnessing significant growth in the near future.
In 2023, the Coating segment accounted for noticeable share of global Dry Docking Services Market and is projected to experience significant growth in the near future.
The Container Ships segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Wilhelmsen , Sym Naval and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Coating, Repairs and Maintenance, Cleaning, Others |
End-Use | Container Ships, Bulk Carrier Ships, Cargo Ships, Tanker Ships, Passenger Ships, Naval Ships, Special Purpose Ships |
List of Competitors | Wilhelmsen, Carisbrooke Shipping Limited, Sym Naval, Oman Drydock Company (ODC), Drydocks, SMS Group, Survitec Group Limited, Thamescraft Dry Docking Services Ltd, Idwal, Cruise Management International, Heger Dry Dock Inc, Morse Dry Dock, Repair Company, Caddell Dry Dock, Teekay Corporation, Other |
This chapter will help you gain GLOBAL Market Analysis of Dry Docking Services. Further deep in this chapter, you will be able to review Global Dry Docking Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Dry Docking Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Coating have a significant impact on Dry Docking Services market? |
What are the key factors affecting the Coating and Repairs and Maintenance of Dry Docking Services Market? |
What is the CAGR/Growth Rate of Container Ships during the forecast period? |
By type, which segment accounted for largest share of the global Dry Docking Services Market? |
Which region is expected to dominate the global Dry Docking Services Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Dry Docking Services Market
Request Sample