Global Marine Salvage Services Market Size Study, by Services (Wreck Removal, General Salvage, Emergency Response, Pollution Control, Cargo Recovery), by End-user (Private Ship Owners), and Regional Forecasts 2022-2032

PUBLISHED: February 1, 2025

PAGES: 285 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

The Global Marine Salvage Services Market, valued at approximately USD 396.33 billion in 2023, is projected to grow at a remarkable compound annual growth rate (CAGR) of 9.0% over the forecast period from 2024 to 2032. Marine salvage services, essential for maintaining the safety and sustainability of maritime operations, include diverse activities such as wreck removal, emergency response, pollution control, and cargo recovery. These services ensure environmental compliance and help mitigate financial and ecological losses caused by marine accidents.

Rising maritime trade and an increasing focus on environmental conservation are key drivers for the market's robust expansion. As international shipping activities grow, so does the need for efficient and reliable salvage services to address emergencies swiftly. Furthermore, advancements in salvage technologies, including robotic systems and enhanced recovery methods, are transforming traditional operations, offering greater efficiency and reduced operational risks. This transformation aligns with global efforts to reduce maritime pollution and protect marine ecosystems, reinforcing the significance of these services.

The market dynamics are further shaped by stringent regulations imposed by international maritime organizations, compelling shipowners to adopt robust salvage protocols. For instance, compliance with the International Convention on Oil Pollution Preparedness, Response, and Co-operation (OPRC) drives the demand for proactive emergency response services. Additionally, collaboration among private players and government authorities to enhance salvage infrastructure underpins market growth. However, high operational costs and regulatory complexities pose challenges that may hinder seamless market progression.

Regionally, the market showcases varied growth trajectories. North America, with its advanced maritime infrastructure and strong regulatory framework, currently dominates the market. Europe follows closely, benefitting from the presence of leading salvage companies and a robust emphasis on environmental sustainability. Meanwhile, the Asia-Pacific region is poised to witness the fastest growth during the forecast period, driven by expanding trade routes, increased maritime activities, and significant investments in salvage technology across emerging economies like China and India.

Major market players included in this report are:

3D Systems Corporation
Shining 3D
Organovo Holdings, Inc.
Cyfuse Biomedical K.K
Medprin Biotech GmbH
Advanced Solutions, Inc.
CollPlant Biotechnologies Ltd
REGEMAT 3D S.L
Desktop Metal, Inc.
The Bio Convergence Company
Aquabus
UberBOAT
Neoterra Systems
CleanFuel Marine
Waterbus BV

The detailed segments and sub-segment of the market are explained below:

By Services

Wreck Removal
General Salvage
Emergency Response
Pollution Control
Cargo Recovery

By End-user

Private Ship Owners

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe (ROE)
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific (RoAPAC)
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (RoMEA)

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Detailed insights into the geographical landscape, including country-level analysis.
Comprehensive analysis of competitive strategies and future recommendations for stakeholders.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Marine Salvage Services Market Executive Summary

1.1. Global Marine Salvage Services Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Services
  - Wreck Removal
  - General Salvage
  - Emergency Response
  - Pollution Control
  - Cargo Recovery
- 1.3.2. By End User
  - Private Ship Owners
1.4. Key Trends
1.5. Regulatory & Environmental Impacts
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Marine Salvage Services Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - Availability
  - Infrastructure
  - Regulatory Environment
  - Market Competition
  - Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - Regulatory Frameworks
  - Technological Advancements
  - Environmental Considerations
  - Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Marine Salvage Services Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Maritime Trade
- 3.1.2. Increasing Focus on Environmental Conservation
- 3.1.3. Technological Advancements in Salvage Operations
- 3.1.4. Stringent Regulatory Compliance
3.2. Market Challenges
- 3.2.1. High Operational Costs
- 3.2.2. Regulatory Complexities
3.3. Market Opportunities
- 3.3.1. Advancements in Robotic and Recovery Technologies
- 3.3.2. Collaboration between Government & Private Players
- 3.3.3. Rapid Growth in the Asia-Pacific Region

Chapter 4. Global Marine Salvage Services Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Marine Salvage Services Market Size & Forecasts by Services 2022-2032

5.1. Segment Dashboard
5.2. Global Marine Salvage Services Market: Services Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Wreck Removal
- 5.2.2. General Salvage
- 5.2.3. Emergency Response
- 5.2.4. Pollution Control
- 5.2.5. Cargo Recovery

Chapter 6. Global Marine Salvage Services Market Size & Forecasts by End User 2022-2032

6.1. Segment Dashboard
6.2. Global Marine Salvage Services Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Private Ship Owners

Chapter 7. Global Marine Salvage Services Market Size & Forecasts by Region 2022-2032

7.1. North America Marine Salvage Services Market
- 7.1.1. U.S. Marine Salvage Services Market
  - 7.1.1.1. By Services Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. By End User Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Marine Salvage Services Market
7.2. Europe Marine Salvage Services Market
- 7.2.1. UK Marine Salvage Services Market
- 7.2.2. Germany Marine Salvage Services Market
- 7.2.3. France Marine Salvage Services Market
- 7.2.4. Spain Marine Salvage Services Market
- 7.2.5. Italy Marine Salvage Services Market
- 7.2.6. Rest of Europe (ROE) Marine Salvage Services Market
7.3. Asia Pacific Marine Salvage Services Market
- 7.3.1. China Marine Salvage Services Market
- 7.3.2. India Marine Salvage Services Market
- 7.3.3. Japan Marine Salvage Services Market
- 7.3.4. Australia Marine Salvage Services Market
- 7.3.5. South Korea Marine Salvage Services Market
- 7.3.6. Rest of Asia Pacific (RoAPAC) Marine Salvage Services Market
7.4. Latin America Marine Salvage Services Market
- 7.4.1. Brazil Marine Salvage Services Market
- 7.4.2. Mexico Marine Salvage Services Market
7.5. Middle East & Africa Marine Salvage Services Market
- 7.5.1. Saudi Arabia Marine Salvage Services Market
- 7.5.2. South Africa Marine Salvage Services Market
- 7.5.3. Rest of Middle East & Africa (RoMEA) Marine Salvage Services Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. 3D Systems Corporation
- 8.1.2. Shining 3D
- 8.1.3. Organovo Holdings, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. 3D Systems Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Shining 3D
- 8.3.3. Organovo Holdings, Inc.
- 8.3.4. Cyfuse Biomedical K.K
- 8.3.5. Medprin Biotech GmbH
- 8.3.6. Advanced Solutions, Inc.
- 8.3.7. CollPlant Biotechnologies Ltd
- 8.3.8. REGEMAT 3D S.L
- 8.3.9. Desktop Metal, Inc.
- 8.3.10. The Bio Convergence Company
- 8.3.11. Aquabus
- 8.3.12. UberBOAT
- 8.3.13. Neoterra Systems
- 8.3.14. CleanFuel Marine
- 8.3.15. Waterbus BV

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes