Deck Machinery Market Size, Share and COVID Impact Analysis, By System (Electrical, Steam, and Hydraulic), By Product (Winch, Anchoring System, Capstan, Windlass, Lifting and Handling equipment), By End User (Transportation, Automotive, Aviation, Construction, E-commerce, Healthcare, Manufacturing, and Mining), By Service provider (Private, Commercial, and Government), and Regional Forecast, 2024-2032

Rapid industrialization, growing urbanization, construction of new infrastructures, and rising adoption of advanced technologies are the factors expected to drive the growth of market. Anchor handler tasks involve handling heavy wires, ropes, chains and under tension while performing rig operations. On the other hand, platform supply vessels are containerized as liquid and powder cargos are used while offshore operations.

As the marine operations for deep water installation is expected to grow at a considerably high pace, it will create substantial growth opportunities for further market developments. For instance, rise in demand from offshore construction and installation vessels enhances sea operations and helps in maintaining subsea hardware. The products for subsea sector are developed from efficiency point of view with enhanced features and high operational and safety capabilities. Industrial growth for deck machinery is highly optimal in the forecast span. Technologies in the manufacture of marine equipment that acts as a driver to the market growth.

Impact of COVID-19 on the Deck Machinery Market

The maritime market is expected to take a long time to recover from the impact of the pandemic due to the lockdowns and travel restrictions associated with it. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Although many countries have started opening up their borders for foreign travelers including medical tourists, the recovery is expected to take some time. Based on the data published by The World Tourism Organization, the number of international travelers were down by more than 80% in Q1 2021.

Key Insights

The report will cover the following key insights:

• An elaborative analysis of market dynamics.


• Emerging trends and technology.


• Drivers and restrains of interceptor vessel market.


• Evaluation of recent developments in the market.


• Competitive analysis based on market innovations.


• Business strategies followed by recent players.


• SWOT analysis of leading companies.


• Impact of COVID-19 on the Market.

Analysis by Deck Machinery Market

The global deck machinery market is anticipated to rise at a considerable rate during the forecast period. In 2021, the market is growing at a steady rate, and the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Regional Analysis

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Asia Pacific region led the global marine deck machinery market and will continue to lead the market in the future. China is one of the leading countries for commercial ship building and is also expected to be the largest market for passenger ships by 2021. Several industry experts anticipate that the Chinese shipbuilding industry will be reformed, lean, and highly competitive in the near future, which will have a positive effect on the marine deck machinery market in the region.

Key Players Covered

The report will include the profiles of key players such as Rolls-Royce, Wartsila, Kawasaki Heavy Industries, Coastal Marine Equipment, Funz San Industry, MacGregor, Marine Equipment’s Pellegrini, PaR Systems, Rapp Marine, Towimor, AMGC, PALFINGER AG, TTS Group ASA, Kuan Marine Services, Markey Machinery, DMT MARINE EQUIPMENT, China State Shipbuilding Corporation, China Shipbuilding Industry Corporation.

Mergers and acquisitions, product launches, mutual agreements and strategic collaborations are some of the key strategies adopted by major vendors in order to strengthen their business portfolio and enhance geographical presence.

Segmentation

Key Industry Developments

• October 2022, Grandweld Shipyard in Dubai had delivered four new tractor tugs for operations in Kuwait’s Shuwaikh Port. The four TRAktor 2700-Z vessels Ghanim-1, Ghanim-2, Ghanim-3 and Ghanim-4 were designed by Robert Allan Ltd., monitoring with the Grandweld Shipyard to develop the customized design of the previously built 27-meter TRAktor tug series.


• October 2022, The U.S. Navy surface warfare experts expects the shipbuilder Fincantieri Marinette Marine Corp. in Marinette, Wis., to plan building a land based engineering site in Philadelphia for the future Constellation-class frigate.