The ships which are ready for the recycling, breaking and disposal are known as demolition vessels. This generally involves the disposal and breaking up of the ships where at the end of its life cycle it is being dismantled and each part is sent ahead for reuse. The recycling involves the extraction of the raw materials also known as scrap to be recycled and made into new products.
This report contains market size and forecasts of Demolition Vessels in Global, including the following market information:
Global Demolition Vessels Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Demolition Vessels market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Bulk Carriers Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Demolition Vessels include Wirana Shipping Company, Star Matrix Ltd., Habib Group Ltd., Smedegaarden A/S, LEYAL Ship Recycling Group, MIDWEST STEEL, Machtrans Ship Management Pvt. Ltd. and BTR Marine services & Ship management, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Demolition Vessels companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Demolition Vessels Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Demolition Vessels Market Segment Percentages, by Type, 2021 (%)
Bulk Carriers
Tankers
Containers
Cargo Ships
Passenger Ships
Drill Ships
War ships
Global Demolition Vessels Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Demolition Vessels Market Segment Percentages, by Application, 2021 (%)
Less than 20 years
20 - 40 years
Above 40 years
Global Demolition Vessels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Demolition Vessels Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Demolition Vessels revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Demolition Vessels revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Wirana Shipping Company
Star Matrix Ltd.
Habib Group Ltd.
Smedegaarden A/S
LEYAL Ship Recycling Group
MIDWEST STEEL
Machtrans Ship Management Pvt. Ltd.
BTR Marine services & Ship management