Deck Machinery Market Trends, Growth | Industry Overview and Forecast to 2025

According to the latest market research analysis on the “Deck Machinery Market Analysis By Products (Winch, Capstan, Crane, Life boats and Life rafts and Others), By Operations (Steam Powered, Hydraulic Systems, Electrical Operating), By Application (Commercial Ship, Leisure Ship), By End-use (Oss Shore Support Vessels, Explorations and Production, Fishing Vessels, Tugs and Commercial Vessels) By Region , Global Trends, Analysis, Growth and Forecast to 2025”, published by Reports and Data.

Market Summary

The Deck Machinery is projected to grow at a CAGR of 1.3%, in terms of valuation; the market was estimated at USD 14.72 Billion in 2017 and is projected to reach USD 15.72 Billion by the end of the 2025

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Oversupply of ships in the current market has declined the growth of the deck machinery market for the past three years, i.e. 2014-2017. The growth rate has dipped below -10% in 2017. Majority of the demand for deck machinery can be sourced to China, Korea, Japan and Europe. China and Korea has the dominant share in the global market owing to being accredited with the largest and most profitable shipyards around the globe.

In terms of product, cranes are expected to have the fastest growth rate owing to large order book for OSV’s, tankers and bulk carriers. We found strong positive correlation of these products with forecasted sea trade, rising port infrastructure, economic outlook and offshore drilling activities

Product Coverage of the Report

• Region and country wise consumption statistics of deck machineries from the period 2015-2025. 2015-2017 has been utilized as historic data and 2018-2025, has been derived as forecasts
• Estimation and forecast of shipbuilding industry region wise
• Forecast of shipbuilding equipment supply and materials per region
• On the basis of product the market has been segmented into Winch, capstan, crane, life boats and life rafts and others
• Winches accounted for the second largest share in the deck machinery by products segment
• Demand and Supply GAP Analysis
• Region Wise Shipbuilding Economic Correlation Indicators
• Tankers, cargo’s, vessels and dry cargo ship estimated and forecasted order book
• Shipbuilding industry revenue wise performance analysis
• Growth Decline Analysis (2015-2017)
• Import Export Statistical Analysis
• Europe Model Ship Axillary Equipment Market Value Chain
• Fishing Vessels, Cruise and Commercial Vessel Demand Forecast
• Company wise market share analysis

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Salient Trends of the Animal Feed Antioxidants Market

• Rising adoption of advanced technologies is the major factor which is anticipated to drive the growth of Deck Machinery in this region
• Urbanization, industrialization and construction of new infrastructures in Asia Pacific region are some of the major factors which are expected to drive the growth of Deck Machinery in Asia Pacific region during the forecast period
• Oversupply of vessels was estimated as the gap between completions and vessel requirements
• Capacity by yard was estimated as the maximum output over the previous 15 years on a rolling basis
• The global GDP is expected to grow at least 3 times in the next 20 years with major contributions from the largest economies by then, namely USA, China and India
• The largest rise in the per capita GDP would be witnessed by economies like china, Vietnam, India and Indonesia with the overall purchasing power growth expected to be at least 8 times till 2030
• India along with China is expected to be a largest consumer for steel as well as coal.
• Wide range of risk and return opportunities in fast growing cities and developed economies
• Natural Oxidants can enable use of high quantity of product for desired results and thereby negatively impact the costs incurred
• Factors like yield time, extraction and treatment infrastructure requirement can increase the costs incurred created a pressure on pricing model thereby affecting the growth.
• Synthetic being chemically sourced isn’t high on raw material investment as compared to natural
• Chicken, pork and cow meat is a majorly consumed meat in Asian subcontinent due to its ready availability, low costs, variety of meat derivatives and acceptance by majority religions
• This market is constricted with high entry barriers, owing to increased demand for natural antioxidants, stringent regulatory framework and high investments. Industrial rivalry is likely to remain high owing to brand loyalty and fast industrial growth over the forecast period
• The biggest supplier of ship equipment, the Rolls-Royce group, represented by RollsRoyce Marine and Bergen Engines, posted an operating margin of -30 percent in 2016

In-Depth Research Report on Deck Machinery Market: https://www.reportsanddata.com/report-detail/deck-machinery-market

Companies considered and profiled in this market study

Mitsubishi Heavy Industries, Rolls Royce, Kawasaki heavy Industries, Coastal Marine Equipment, Funz San Industry, MacGregor, Marine Equipment Pellergeni, PaRSystems, Rapp Marine, Warlista

Market-O-Nomics

• Shipbuilding of merchant ships over 500 GT accounts for an average annual production value of USD 82 billion (42% of USD 197 billion) and the related marine supplies industry for a value of USD 50.4 billion (30% of USD 169 billion
• An additional production value of USD 100-120 billion summarizes the entire shipbuilding market inclusive of its entire component to a total of about USD 475 billion
• In 2016-2017, the suppliers equipment market along with the deck machinery equipment market declined by 10.24 and that in the period between 2015-2016 declined by 11.35%.
• All segments of the industry saw lower activity, but the fall was deepest for mechanical equipment, where turnover fell by 24 percent
• The distribution is skewed, with 60% of the yards studied having a capacity utilisation rate below the global average that was 54% in 2014
• The demand for commodities is expected to grow by 40% by 2030
• For 2015-2035, total vessel requirements are expected to reach 835 million gt in total with 36.6 million gt in 2020, 41.2 million gt in 2025, 45.8 million gt in 2030 and 50.9 million gt in 2035
• By ship type, tanker requirements would reach a total of 261 million gt for the years 2015 to 2035, bulkers around 400 million gt and containers approximately 170 million gt for the same period.
• The shipyards have declined from 860 in 2007 to 357 in 2017 estimated to be a decline of 59%. The total deliveries across the globe are expected to be constant till 2030
• Japan’s market share is expected to decline from 21% to around 9-10% by 2030
• China’s share in the shipbuilding of LNG Carriers of 41-51% is expected to be at par with South Korea is 43-53%
• Average nominal price of capesize bulk carrier in 2015 was 31% lower than in 2007 and average nominal price of capesize bulk carrier in 2016 was 27% lower than in 2008
• Revenues of this market are expected to grow in 2018, but at an extremely slow pace. Based on the running data simulation testing for this report, we estimate that growth will fall in the range of -1.26% to -2.30%.

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Posted by John Watson on Tuesday October 02 2018, 1:19 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0