"Market Intelligence for High-Geared Performance"
RoPax ferry is a type of ship that is designed to carry both passengers and vehicles, such as cars, trucks, and buses. The acronym “RoPax” stands for “roll-on/roll-off passenger,” which refers to the method of loading and unloading vehicles onto the ferry. These types of ships are commonly used for transportation between islands across bodies of water, such as seas, bays, and rivers.
The growing demand for larger and more advanced RoPax ferries that can accommodate passengers and vehicles and improved amenities and services is setting the trend in the market. Moreover, the electrification of RoPax ferries for a sustainable future is a major trend.
The advancement in ship design and propulsion technology to provide efficient and cost-effective RoPax ferries drives the demand for market growth. Moreover, RoPax ferries are often used to transport tourists to and from any desired vacation destination. Thus, an increase in tourism also contributes to the growth of the market. However, the high cost of construction and maintenance, along with disruption in operation due to extreme weather construction, restrains the market growth.
The COVID-19 pandemic substantially impacted the RoPax ferry market. The travel restrictions and reduced consumer demand have led to decreased revenue for ferry manufacturers and operators. Several major companies were forced to reduce their schedules or temporarily suspend operations. This led to financial difficulties for the manufacturers and operators. However, the acceleration due to the pandemic toward online ticketing and contactless payments, along with enhanced health and safety measures, has boosted the demand for the RoPax ferry market. Despite these challenges, the Ropax ferry market witnessed recovery post-pandemic soon after the restrictions were lifted.
The report covers the following key insights:
By Propulsion Type | By Application | By Region |
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The RoPax ferry market parts into electric, diesel, and LNG segments based on the propulsion type. The diesel engine segment accumulated a larger market share and will continue to dominate in the upcoming years. Diesel engines offer more fuel efficiency than other types of engines, resulting in lower operating costs for RoPax ferry operators. Moreover, diesel engines are able to provide a large amount of power in compact packages. The advancement in diesel engine technology leads to more efficient and powerful engines that can help RoPax ferry operators and manufacturers meet the demand for transportation services. This drives the market growth of the segment. The advancement in electric propulsion technology to fulfill the zero-emission goal fuels the market growth of the electric propulsion segment.
The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific dominates the market due to its development of indigenous technology required to develop advanced technology-equipped, efficient RoPax vessels. Various major players are focused on research and development on the electrification of these vessels, providing fuel alternatives. Moreover, China dominates the market by holding a significant volume of ships operating throughout the region, thus driving the market in the region. Europe upholds the market with major players focusing on the development of the RoPax ships by increasing their efficiency, using alternative fuel technology, and increasing the capacity of the vessel. This fuels the market growth in the region.
The report includes the profiles of key players, such as Damen Shipyards Group, MacGregor, Incat Crowther, StenaRoRo, Abb, Almaco, KNUD E. HANSEN, and Evac.
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