- In October 2024, BAE Systems has been awarded a USD 92 million contract by the U.S. Navy to produce propulsors for Virginia-class submarines. This contract will enhance the company’s capabilities in advanced submarine technologies and strengthen its position in the defense sector, contributing to ongoing growth and innovation while supporting national security initiatives
- In May, BAE Systems celebrated its top ship repair suppliers for 2023, acknowledging their vital role in delivering quality and performance in maritime services. The event underscored the significance of strong partnerships in achieving operational excellence. By recognizing these suppliers, BAE Systems reinforces its commitment to collaboration and innovation within the ship repair industry, ensuring that they continue to meet the evolving needs of their customers and enhance overall service delivery
- In October 2023, General Dynamics NASSCO has been awarded a contract by the U.S. Navy, valued at up to USD 754 million, for the maintenance, modernization, and repair of the USS Chung-Hoon and USS James E. Williams. The initial phase, valued at USD 15.6 million, will take place in Norfolk and San Diego, with potential extensions through November 2030, further strengthening NASSCO's naval repair service capabilities
- In July 2023, Fincantieri Bay Shipbuilding and Northeast Wisconsin Technical College are expanding their partnership to enhance maritime workforce training. Following a successful pilot program, they will offer more courses to meet the growing demand for skilled professionals in the maritime manufacturing industry
- In September 2022, Fincantieri Bay Shipbuilding broke ground on a new 19,000 sq. ft. machine shop in Sturgeon Bay. The facility will enhance repair operations with modern infrastructure, supporting the Great Lakes fleet while minimizing environmental impacts for the surrounding community
Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELING
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.8 DBMR MARKET POSITION GRID
2.9 MARKET END-USER COVERAGE GRID
2.1 DBMR VENDOR SHARE ANALYSIS
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PRICING ANALYSIS
4.1.1 LABOR COSTS
4.1.2 MATERIAL PRICES
4.1.3 TECHNOLOGICAL ADVANCEMENTS
4.1.4 REGULATORY COMPLIANCE
4.1.5 MARKET DEMAND AND COMPETITION
4.1.6 CUSTOMER SEGMENTATION
4.1.7 CONCLUSION
4.2 CASE STUDIES
4.2.1 SUBSEA GLOBAL SOLUTIONS SUPPORTS OFFSHORE ASSET MAINTENANCE WITH IN-WATER TECHNICAL REPAIRS
4.2.2 SUBSEA GLOBAL SOLUTIONS SOLVES SERIOUS PROBLEMS: ASSISTING A LARGE, FULLY LADEN POST-PANAMAX CONTAINER VESSEL WITH STEERING ISSUES
4.2.3 US NAVY – USS BOULDER (LST-1190) ENGINE REMOVAL
4.2.4 USS JOHN F KENNEDY
4.3 TECHNOLOGICAL TRENDS
4.4 VALUE CHAIN ANALYSIS
4.4.1 INBOUND LOGISTICS
4.4.2 OPERATIONS
4.4.3 OUTBOUND LOGISTICS
4.4.4 MARKETING AND SALES
4.4.5 SERVICE
4.4.6 SUPPORT ACTIVITIES
4.4.7 CONCLUSION
4.5 REGULATION COVERAGE
4.5.1 QUALITY STANDARDS AND CERTIFICATION
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 GROWING MARITIME TRADE AND FLEET EXPANSION
5.1.2 AGING FLEET OF VESSELS IN THE U.S.
5.1.3 COMPLIANCE WITH SAFETY, ENVIRONMENTAL, AND OPERATIONAL REGULATIONS
5.1.4 GROWTH IN OFFSHORE OIL AND GAS ACTIVITIES
5.2 RESTRAINTS
5.2.1 HIGH COSTS OF LABOR AND FACILITIES
5.2.2 STRINGENT ENVIRONMENTAL REGULATIONS REGARDING WASTE MANAGEMENT AND EMISSION CONTROL
5.3 OPPORTUNITIES
5.3.1 ADOPTION OF ADVANCED DIGITAL TECHNOLOGIES, LIKE PREDICTIVE MAINTENANCE THROUGH IOT AND AI
5.3.2 INCREASED INVESTMENTS IN MILITARY AND DEFENSE SHIPS
5.3.3 RESURGENCE OF THE CRUISE INDUSTRY POST-PANDEMIC REQUIRES CONTINUOUS REPAIRS AND UPGRADES
5.4 CHALLENGES
5.4.1 LACK OF SKILLED LABOR IN THE U.S. SHIP REPAIR INDUSTRY
5.4.2 INFRASTRUCTURE LIMITATIONS IN U.S. SHIPYARDS AND OUTDATED FACILITIES AND EQUIPMENT
6 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL
6.1 OVERVIEW
6.2 OIL & CHEMICAL TANKERS
6.3 CONTAINER SHIPS
6.4 DRY BULK CARRIERS
6.5 GENERAL CARGO
6.6 PASSENGER SHIPS
6.7 GAS CARRIAGE
6.8 REEFER SHIPS
6.9 OTHERS
7 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY SERVICE TYPE
7.1 OVERVIEW
7.2 MAINTENANCE
7.3 REPAIR
8 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 DOCKAGE
8.3 ENGINE PARTS
8.4 GENERAL SERVICES
8.5 ELECTRIC WORKS & AUXILIARY SERVICES
8.6 OTHERS
9 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY END-USER
9.1 OVERVIEW
9.2 GOVERNMENT & DEFENSE
9.3 COMMERCIAL
10 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, COMPANY LANDSCAPE
10.1 COMPANY SHARE ANALYSIS: U.S.
11 SWOT ANALYSIS
12 COMPANY PROFILES
12.1 BAE SYSTEMS
12.1.1 COMPANY SNAPSHOT
12.1.2 REVENUE ANALYSIS
12.1.3 PRODUCT PORTFOLIO
12.1.4 RECENT DEVELOPMENT
12.2 GENERAL DYNAMICS NASSCO
12.2.1 COMPANY SNAPSHOT
12.2.2 PRODUCT PORTFOLIO
12.2.3 RECENT DEVELOPMENT
12.3 FINCANTIERI MARINE GROUP
12.3.1 COMPANY SNAPSHOT
12.3.2 REVENUE ANALYSIS
12.3.3 PRODUCT PORTFOLIO
12.3.4 RECENT UPDATES
12.4 VIGOR INDUSTRIAL LLC.
12.4.1 COMPANY SNAPSHOT
12.4.2 PRODUCT PORTFOLIO
12.4.3 RECENT DEVELOPMENT
12.5 EPSILON SYSTEMS SOLUTIONS, INC
12.5.1 COMPANY SNAPSHOT
12.5.2 PRODUCT PORTFOLIO
12.5.3 RECENT DEVELOPMENT
12.6 BLUDWORTH MARINE, L.L.C.
12.6.1 COMPANY SNAPSHOT
12.6.2 PRODUCT PORTFOLIO
12.6.3 RECENT DEVELOPMENTS
12.7 COLONNA'S SHIPYARD, INC
12.7.1 COMPANY SNAPSHOT
12.7.2 PRODUCT PORTFOLIO
12.7.3 RECENT DEVELOPMENT
12.8 CONRAD SHIPYARDS
12.8.1 COMPANY SNAPSHOT
12.8.2 REVENUE ANALYSIS
12.8.3 PRODUCT PORTFOLIO
12.8.4 RECENT DEVELOPMENT
12.9 DETYENS SHIPYARDS
12.9.1 COMPANY SNAPSHOT
12.9.2 PRODUCT PORTFOLIO
12.9.3 RECENT DEVELOPMENT
12.1 GULF COPPER & MANUFACTURING CORPORATION
12.10.1 COMPANY SNAPSHOT
12.10.2 PRODUCT PORTFOLIO
12.10.3 RECENT DEVELOPMENT
12.11 HSD MARINE AND SHIPREPAIR PTE LTD.
12.11.1 COMPANY SNAPSHOT
12.11.2 PRODUCT PORTFOLIO
12.11.3 RECENT DEVELOPMENT
13 QUESTIONNAIRE
14 RELATED REPORTS
List of Table
TABLE 1 REGULATIONS ACROSS U.S.
TABLE 2 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 3 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY SERVICE TYPE, 2022-2031 (USD THOUSAND)
TABLE 4 U.S. MAINTENANCE IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY SERVICE TYPE, 2022-2031 (USD THOUSAND)
TABLE 5 U.S. REPAIR IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY SERVICE TYPE, 2022-2031 (USD THOUSAND)
TABLE 6 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)
TABLE 7 U.S. DOCKAGE IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 8 U.S. ENGINE PARTS IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 9 U.S. GENERAL SERVICES IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 10 U.S. ELECTRIC WORKS & AUXILIARY SERVICES IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 11 U.S. OTHERS IN SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2022-2031 (USD THOUSAND)
TABLE 12 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY END-USER, 2022-2031 (USD THOUSAND)
List of Figure
FIGURE 1 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET
FIGURE 2 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: DATA TRIANGULATION
FIGURE 3 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: DROC ANALYSIS
FIGURE 4 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: COUNTRY-WISE MARKET ANALYSIS
FIGURE 5 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: MULTIVARIATE MODELLING
FIGURE 7 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 8 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: DBMR MARKET POSITION GRID
FIGURE 9 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: END-USER COVERAGE GRID
FIGURE 10 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: VENDOR SHARE ANALYSIS
FIGURE 11 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: SEGMENTATION
FIGURE 12 EIGHT SEGMENTS COMPRISE THE U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL
FIGURE 13 U.S. EXECUTIVE SUMMARY
FIGURE 14 STRATEGIC DECISIONS
FIGURE 15 GROWING MARITIME TRADE AND FLEET EXPANSION ARE EXPECTED TO DRIVE THE U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET IN THE FORECAST PERIOD
FIGURE 16 THE OIL & CHEMICAL TANKERS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET IN 2024 AND 2031
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES FOR U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET
FIGURE 18 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY VESSEL, 2023
FIGURE 19 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY SERVICE TYPE, 2023
FIGURE 20 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY APPLICATION, 2023
FIGURE 21 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET, BY END-USER, 2023
FIGURE 22 U.S. SHIP REPAIR AND MAINTENANCE SERVICES MARKET: COMPANY SHARE 2023 (%)
