Deck Machinery Market Overview:
The deck machinery market 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 demand.
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.
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