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Shipyard Trailer Market Size

Report ID: GMI7936
Published Date: Jan 2024
Report Format: PDF

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Shipyard Trailer Market Size

Shipyard Trailer Market size was valued at USD 1 billion in 2023 and is projected to register at a CAGR of 5% between 2024 and 2032, due to the increasing replacement of aging shipyards and vessels with modern counterparts. This trend has spurred the need for advanced trailers with enhanced capacities to accommodate the transport of newer and larger vessels.

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In October 2023, Mitsubishi Shipbuilding, a company within the Mitsubishi Heavy Industries (MHI) Group based in Yokohama, hosted a christening, and launch event for the Fugaku Maru, a roll-on/roll-off (RO/RO) vessel that was in construction for Fujitrans Corporation. This new ship was set to replace the existing Fugaku Maru, originally built at MHI’s Nagasaki Shipyard & Machinery Works and has been operational since 1997. This Fugaku Maru boasts dimensions of 165 meters in length and 27.6 meters in breadth, with a gross tonnage of approximately 13,000. It is designed to efficiently transport up to 50 trailer chassis and 1,511 passenger cars simultaneously.

Shipyard Trailer Market Report Attributes
Report Attribute	Details
Base Year:	2023
Shipyard Trailer Market Size in 2023:	USD 1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5%
2032 Value Projection:	USD 1.6 Billion
Historical Data for:	2018 - 2023
No. of Pages:	250
Tables, Charts & Figures:	290
Segments covered:	Trailer, Capacity, Propulsion, Application, End user
Growth Drivers:	Rising demand for shipbuilding and repair activities The expansion of international trade and commerce Government investments in naval fleet modernization The increasing popularity of recreational boating and yachting
Pitfalls & Challenges:	Economic downturns Varying vessel specifications

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As maritime industries prioritize efficiency and upgrade infrastructure, the demand for state-of-the-art shipyard trailers is on the rise. This market growth is a direct response to the maritime sector's commitment to innovation and the continual evolution of shipbuilding technologies. The continuous growth of global trade and the development of new maritime infrastructure worldwide contribute to the increasing shipyard trailer market demand.

As international trade expands, there is a parallel need for larger and more advanced vessels, necessitating the use of specialized trailers during construction, launch, and maintenance. Emerging markets investing in maritime infrastructure, such as new shipyards and ports, further drive the demand for trailers equipped to handle the transportation requirements of these developing facilities, fostering growth in the market.

The shipyard trailer market faces constraints due to several factors. Economic downturns and uncertainties impact investments in new maritime infrastructure, affecting trailer demand. Stringent environmental regulations necessitate costly modifications for trailers to meet sustainability standards, posing financial challenges. In addition, supply chain disruptions and material shortages affect the production and timely delivery of trailers, hindering market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of shipyard trailer reached USD 1 billion in 2023 and is set to observe 5% CAGR between 2024 and 2032, due to the increasing replacement of aging shipyards and vessels with modern counterparts.

The commercial segment held a market share of around 66% in 2023, as industries like maritime logistics, shipbuilding, and port operations rely heavily on specialized trailers for transporting vessels and heavy equipment within shipyards.

Asia Pacific market accounted for 34% revenue share in 2023, fueled by the rapid growth in maritime infrastructure and shipbuilding activities.

ABI Trailers, Anster, Brownell Boat Transport, Cometto, GH Cranes & Components, Hostar Marine Transport Systems, Inc, Kropf Industrial (Conolift), Marina Planet, Marine Travelift, Mecanorem Remorques are some of the major industry contenders.