Shipyard Trailer Market Size - By Trailer (Hydraulic, Electric, Pneumatic), Propulsion (Self-Propelled, Towed, Manual), Application (Loading and Unloading, Transport, Maneuvering, Assembly, Maintenance), Capacity, End User, Forecast 2024 - 2032
Report ID: GMI7936
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Published Date: January 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 20
Tables & Figures: 290
Countries covered: 24
Pages: 250
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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.
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.
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.
Shipyard Trailer Market Trends
The shipyard trailer industry is undergoing transformative trends fueled by the emergence of eco-friendly vessels and advanced technologies. The growing emphasis on environmental sustainability in maritime operations has spurred the development of green vessels. This trend is reshaping the demand for specialized trailers that complement these eco-friendly ships. Innovations in trailer functionalities, including increased efficiency and adaptability, are responding to the evolving landscape of environmentally conscious maritime practices. The market is thus witnessing a positive shift, aligning with the demand for trailers that support and enhance the capabilities of new environmentally friendly vessels.
Following this, in April 2021, the maiden voyage of the environmentally sustainable hybrid ro-ro vessel Finneco I marked a successful launch at Nanjing Jinling Shipyard. Scheduled to commence operations under the Finnish flag, this development held immense significance for Finnish maritime personnel and the nation's supply security.
Part of Finnlines' ambitious EUR 0.5 billion Green Newbuilding Programme, the 238-meter-long vessel with a cargo capacity of 5,800 lane meters and enhanced capabilities represented a 38% increase in cargo capacity compared to the company's largest ro-ro, the Breeze series vessel. As a result, each of the newly acquired vessels could transport approximately 300 trailers, 150 cars, and 500 sea containers during each sailing.
Shipyard Trailer Market Analysis
Based on end user, the commercial segment held over 66% of the market share in 2023, owing to the increasing usage of shipyards in commercial applications. Industries such as maritime logistics, shipbuilding, and port operations rely heavily on specialized trailers for transporting vessels and heavy equipment within shipyards. The demand for durable, high-capacity trailers that can withstand rigorous commercial use is on the rise. As global trade and infrastructure projects expand, the need for efficient and reliable shipyard trailers in commercial applications continues to grow, propelling the market forward.
Based on trailer, the hydraulic segment accounted for 39% of the shipyard trailer market share in 2023, propelled by the hydraulic type. These specialized trailers, equipped with hydraulic systems, offer enhanced maneuverability and precision in transporting heavy loads within shipyards. Hydraulic technology enables efficient lifting and lowering of trailers, facilitating seamless loading and unloading operations. As shipyards increasingly recognize the advantages of hydraulic-type trailers in improving workflow efficiency and safety, the demand for these innovative solutions continues to rise, contributing to the growth of the market.
Asia Pacific shipyard trailer market accounted for 34% of the revenue share in 2023. Demand from the Asia-Pacific region is fueled by the rapid growth in maritime infrastructure and shipbuilding activities. Increasing investments in ports, shipyards, and marine logistics in countries like China, South Korea, and Japan are driving the need for specialized trailers. The expanding trade and commercial activities across the Asia-Pacific are amplifying the requirement for efficient transportation of vessels within shipyards, contributing significantly to the growing demand for shipyard trailers in this dynamic and flourishing market.
Shipyard Trailer Market Share
Cometto, Marine Travelift, and Scheuerle hold a dominant market share of 7% in the shipyard trailer industry. Emphasizing substantial investments in research and development, these firms strive to pioneer innovative solutions, ensuring a continuous development. Strategic alliances play a pivotal role, enabling access to crucial technologies and fostering collaborative efforts. Moreover, Companies focus on continuous product innovation to develop advanced and specialized shipyard trailers. Offering features like automation, smart technology integration, and unique customization options can set them apart from competitors.
Companies are expanding operations and targeting new geographic markets can be a strategy for growth. Establishing a presence in emerging markets or regions with a high demand for shipyard trailers can help capture additional market share. Building and maintaining strong relationships with existing customers is crucial. Providing excellent after-sales services, addressing customer feedback, and ensuring client satisfaction led to repeat business and positive word-of-mouth, contributing to market share growth.
Shipyard Trailer Market Companies
Major companies operating in the shipyard trailer industry are:
Shipyard Trailer Industry News
The shipyard trailer market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipments (Units) from 2018 - 2032, for the following segments:
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Market, By Trailer
Market, By Capacity
By Propulsion
Market, By Application
Market, By End user
The above information has been provided for the following regions and countries: