Dry Docking Services Market Report: Trends, Forecast and Competitive Analysis to 2030

Dry Docking Services Trends and Forecast

The future of the global dry docking services market looks promising with opportunities in the container ships, bulk carriers, tanker ships, passenger ships, and naval ships markets. The global dry docking services market is expected to reach an estimated $37.5 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising utilization of water routes for transportation and surging interest in cruise travel experiences.

A more than 150-page report is developed to help in your business decisions.

Dry Docking Services by Segment

The study includes a forecast for the global dry docking services by type, application, and region.

Dry Docking Services Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Coating
• Repairs And Maintenance
• Cleaning
• Others

Dry Docking Services Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Container Ships
• Bulk Carriers
• Tanker Ships
• Passenger Ships
• Naval Ships
• Others

Dry Docking Services Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Dry Docking Services Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dry docking services companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dry docking services companies profiled in this report include-

• Wilhelmsen
• Carisbrooke Shipping
• Sym Naval
• Oman Drydock Company
• Drydocks
• SMS
• Survitec
• Thamescraft Dry Docking Services
• Idwal
• Cruise Management

Dry Docking Services Market Insights

Lucintel forecasts that repairs and maintenance is expected to witness the highest growth over the forecast period due to increasing number of ships and boats.

Within this market, passenger ships is expected to witness the highest growth due to expansion of the tourism and hospitality industries, together with the rising appeal of cruise travel.

Features of the Global Dry Docking Services Market

Market Size Estimates: Dry docking services market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Dry docking services market size by type, application, and region in terms of value ($B).

Regional Analysis: Dry docking services market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the dry docking services market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dry docking services market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the dry docking services market size?

Answer: The global dry docking services market is expected to reach an estimated $37.5 billion by 2030.

Q2. What is the growth forecast for dry docking services market?

Answer: The global dry docking services market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the dry docking services market?

Answer: The major drivers for this market are rising utilization of water routes for transportation and surging interest in cruise travel experiences.

Q4. What are the major segments for dry docking services market?

Answer: The future of the dry docking services market looks promising with opportunities in the container ships, bulk carriers, tanker ships, passenger ships, and naval ships markets.

Q5. Who are the key dry docking services market companies?

Answer: Some of the key dry docking services companies are as follows.

• Wilhelmsen
• Carisbrooke Shipping
• Sym Naval
• Oman Drydock Company
• Drydocks
• SMS
• Survitec
• Thamescraft Dry Docking Services
• Idwal
• Cruise Management

Q6. Which dry docking services market segment will be the largest in future?

Answer: Lucintel forecasts that repairs and maintenance is expected to witness the highest growth over the forecast period due to increasing number of ships and boats.

Q7. In dry docking services market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing emphasis on enhancing naval capabilities, growing purchases of passenger and naval ships for travel and defense.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the dry docking services market by type (coating, repairs and maintenance, cleaning, and others), application (container ships, bulk carriers, tanker ships, passenger ships, naval ships, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?