Market Share of Boat And Ship MRO Industry
The boat and ship MRO market is slightly fragmented, with major players such as Larsen and Toubro Shipbuilding Limited, Huntington Ingalls Industries, and Abu Dhabi Ship Building Company dominating the market.
The market is witnessing collaborations among shipping and software companies, leading to cost reduction and rapid operational execution of maintenance, repair, and overhaul processes.
In April 2021, BAE Systems announced that it would deliver ship assist management, repair, and maintenance for the entire Portsmouth flotilla, supporting the Royal Navy under a GBP 900 million contract. It also planned to establish a joint venture with KBR to deliver technology-led and data-driven facilities management and dockside services at the base under a GBP 365 million contract.
In March 2021, Mitsubishi heavy industries signed an agreement with Mitsubishi E&S Holdings to take over government ship business and naval services with Mitsubishi E&S Holdings.
Several startups such as Maindeck, Nautix Technologies, and Closelink are working toward integrating technologies such as data science and cloud computing, with maintenance processes boosting the reduction in operational time.
Boat & Ship MRO Market Leaders
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Huntington Ingalls Industries
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L&T Shipbuilding Limited
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Zamakona Yards (Reparaciones Navales Canarias SA)
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Bender CCP
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HPI LLC
*Disclaimer: Major Players sorted in no particular order
