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Global Ship Spares and Equipment Market: By Products: Ship Fittings and Equipment, Others; By Type: OEM, Aftermarket; By Ship Type: Containers, Bulk Carriers, Transportation and General Cargo, Cruise; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Ship Spares and Equipment Market Outlook

The global ship spares and equipment market is being aided by the global marine engine market.  The global marine engine market is expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026.

 

High Affordability Rate Among Citizens in North America and Europe to Aid the Growth of the Ship Spares and Equipment Industry

The global market for ship spares and equipment is being supported by the North America and Europe regions. This can be attributed to the comparatively high affordability of the citizens in these regions, which means higher disposable incomes, which, in turn, is expected to escalate the trade within these regions. Thereby propelling the market growth of ship spares and equipment over the forecast period. In addition, commercialisation, as well as a rise in the demand for commodities and consumer goods, has fuelled the demand for transportation in the Middle East and Africa. Thus, aiding the market growth of ship spares and equipment in the region. Further, the emerging economies of the Asia Pacific, like India and China, will enhance the market growth of the products. Moreover, the rising demand for productive, efficient, and cost-effective ship spares and equipment is expected to invigorate the market growth of ship spares and equipment.

 

Ship Spares and Equipment: Industry Definition and Segmentation

Ship spares and equipment are those items that are used to replace the failed units of a machinery. The ship parts need to be changed from time to time and it is necessary that these spare parts and equipment are supplied in good quality, correctly, and quickly.

On the basis of products, the market is divided into:

  • Ship Fittings and Equipment
  • Shipbuilding and Shipyard Industrial Equipment and Spare Parts
  • Main Propulsion Systems and Equipment
  • Auxiliary Propulsion Systems and Equipment
  • Ship Operation Equipment
  • Rigging and Lifting Equipment
  • Electrical and Electronic Equipment
  • Others

Based on type, the industry can be bifurcated into:

  • OEM
  • Aftermarket

By ship type, the industry is segmented into:

  • Containers
  • Bulk Carriers

Transportation and General Cargo

  • Cruise
  • Others

On the basis of end use, the industry is categorised into:

  • Commercial
  • Infrastructural
  • Residential

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Thriving Disposable Incomes and Trade to Aid the Market Growth of Ship Spares and Equipment

The market for ship spares and equipment is being driven by several factors, like commercialisation, globalisation, and thriving disposable incomes and trade. The market growth of ship spares and equipment is expected to expand owing to the economic growth. However, the market may find an obstacle in the form of bumpy economic growth and fluctuating raw materials’ prices and restrain its growth.

 

Key Industry Players in the Global Ship Spares and Equipment Market

The report gives a detailed analysis of the following key players in the global ship spares and equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Mitsubishi Heavy Industries, Ltd
  • China Shipbuilding Trading (Shanghai) Co., Ltd.
  • Hyundai Heavy Industries Co., Ltd.
  • Technomarine Co., Ltd.
  • ROMEKO Marine sp z o o 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ship Spares and Equipment Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ship Spares and Equipment Historical Market (2016-2020) 
    8.3    Global Ship Spares and Equipment Market Forecast (2021-2026)
    8.4    Global Ship Spares and Equipment Market by Products
        8.4.1    Ship Fittings and Equipment
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Shipbuilding and Shipyard Industrial Equipment and Spare Parts
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Main Propulsion Systems and Equipment
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Auxiliary Propulsion Systems and Equipment
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Ship Operation Equipment
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Rigging and Lifting Equipment
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Electrical and Electronic Equipment
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Others
    8.5    Global Ship Spares and Equipment Market by Type
        8.5.1    OEM
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Aftermarket
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Ship Spares and Equipment Market by Ship Type
        8.6.1    Containers
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Bulk Carriers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Transportation and General Cargo
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Cruise
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Ship Spares and Equipment Market by End Use
        8.7.1    Commercial
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Infrastructural
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Residential
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
    8.8    Global Ship Spares and Equipment Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Mitsubishi Heavy Industries, Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    China Shipbuilding Trading (Shanghai) Co., Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Hyundai Heavy Industries Co., Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Technomarine Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    ROMEKO Marine sp z o o 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Ship Spares and Equipment Market: Key Industry Highlights, 2016 and 2026
2.    Global Ship Spares and Equipment Historical Market: Breakup by Product (USD Million), 2016-2020
3.    Global Ship Spares and Equipment Market Forecast: Breakup by Product (USD Million), 2021-2026
4.    Global Ship Spares and Equipment Historical Market: Breakup by Ship Type (USD Million), 2016-2020
5.    Global Ship Spares and Equipment Market Forecast: Breakup by Ship Type (USD Million), 2021-2026
6.    Global Ship Spares and Equipment Historical Market: Breakup by Type (USD Million), 2016-2020
7.    Global Ship Spares and Equipment Market Forecast: Breakup by Type (USD Million), 2021-2026
8.    Global Ship Spares and Equipment Historical Market: Breakup by End Use (USD Million), 2016-2020
9.    Global Ship Spares and Equipment Market Forecast: Breakup by End Use (USD Million), 2021-2026
10.    Global Ship Spares and Equipment Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Ship Spares and Equipment Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Ship Spares and Equipment Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Ship Spares and Equipment Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Global Ship Spares and Equipment Market Structure

Key Questions Answered in the Report

The global ship spares and equipment market is being aided by the growth of the marine engine market, which is projected to grow at a CAGR of 3.8% between 2021 and 2026.

The major drivers of the industry, such as rising disposable incomes, commercialisation, globalisation, rising demand from the developing regions, and growing technological advancements, are expected to aid the market growth.

The key trend guiding the growth of the market include the commercialisation as well as rise in the demand for commodities and consumer goods.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading products of ship spares and equipment in the market are ship fittings and equipment, shipbuilding and shipyard industrial equipment and spare parts, main propulsion systems and equipment, auxiliary propulsion systems and equipment, ship operation equipment, rigging and lifting equipment, and electrical and electronic equipment, among others.

The major types of ship spares and equipment in the industry are OEM and aftermarket.

The significant ship types in the market are containers, bulk carriers, transportation and general cargo, and cruise, among others.

The leading end use sectors in the industry are commercial, infrastructural, and residential.

The major players in the industry are Mitsubishi Heavy Industries, Ltd, China Shipbuilding Trading (Shanghai) Co., Ltd., Hyundai Heavy Industries Co., Ltd., Technomarine Co., Ltd., and ROMEKO Marine sp z o o, among others.

Analyst Review

The global ship spares and equipment market is being driven by rising commercialisation and the growing marine engine market. Aided by technological advancements, the global marine engine market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 3.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the market is divided into ship fittings and equipment, shipbuilding and shipyard industrial equipment and spare parts, main propulsion systems and equipment, auxiliary propulsion systems and equipment, ship operation equipment, rigging and lifting equipment, and electrical and electronic equipment, among others. On the basis of type, the industry is segmented into OEM and aftermarket. Based on ship type, the market is categorised into containers, bulk carriers, transportation and general cargo, and cruise, among others. By end use, the industry is divided into commercial, infrastructural, and residential. The major regional markets for ship spares and equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mitsubishi Heavy Industries, Ltd, China Shipbuilding Trading (Shanghai) Co., Ltd., Hyundai Heavy Industries Co., Ltd., Technomarine Co., Ltd., and ROMEKO Marine sp z o o, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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