Deck Machinery Market to Witness Huge Growth in Coming Years
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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