Global Crew Boats Market, By Boat Type (Medium, Large), By Application (Defense, Offshore, Oil & Gas, Fishing Marine, Others), By Geography (Asia-Pacific, Latin America, North America, Europe, Middle East, and Africa) – Industry Share, Size, Forecast to 2028
COVID-19 Impact on Global Crew Boats Market
The global spread of the novel coronavirus infection (COVID-19) has become an unprecedented and severe test for the development of the world economy, and the world economy is facing ever-greater downward pressure. The pandemic’s impact on the economy has resulted in a slowdown or slowdown in economic activity in many countries, reduced global demand, significant declines in trade and investment, and hardships in global production chains. Recovery scenarios where demand is forecasted and analyzed in this study.
Crew boats are often used to transport personnel onto ships. It is a smaller vessel that provides communications between an offshore facility, such as a drilling rig or special anchorage, and an offshore base. According to the International Association of Marine Contractors (IMCA), crew vessels are classified as vessels of less than 500 gross tonnages and the demand for crew vessels is increasing as the offshore oil and gas industry grows. Demand for crew boats is receiving tremendous attention and promises exponential growth. The shipping industry is growing at a rapid pace, providing a market for crew boats. Crew boats are used for a variety of purposes in the maritime sector, such as commerce and fishing. As marine tourism becomes a trend, the crew boat market is emerging.
According to Pheonix Research, the “Global Crew Boats Market” was valued at $ XX Million in 2020 and is projected to reach a market value of $ XX Million by 2028. XX% compound annual growth rate over the forecast period 2021-2028. North America holds the largest share of the global crew boat market, followed by Europe and the Asia Pacific. Southeast Asia Pacific dominates the Asia Pacific market owing to the expansion of the offshore sector and the oil and gas industry and the growing demand for crew boats in the region. The region also has a well-developed automotive infrastructure, which allows for faster adoption of new technologies.
The major companies in the Global Crew Boats Market are Stanford Marine Group, Seacor Marine, Scruton Marine, Southern Marine Services, Blount Boats, LLC, Seatran Marine, and HamiltonJet.
The exclusive “Global Crew Boats Market (2021-2028)” has been fragmented into boat type, application, and region. Based on the type, the market is divided into less than 24 m (medium), and greater than 24 m (large). Based on application, the market is subdivided into defense, fishing marine, oil & gas, offshore, and others. The countries included in the Crew Boats market study are North America, Brazil, Columbia, Mexico, and the Rest of Latin America, the U.K., Germany, Italy, Netherlands, Switzerland, France, Spain, Belgium, the Rest of Europe, Singapore, China, Japan, South Korea, India, Australia and Rest of Asia-Pacific, GCC, South Africa, Rest of Middle East and Africa.