Marine Deck Machinery Market to Reach $355.4 Billion, Globally, by 2032 at 8.2% CAGR: Allied Market Research [Yahoo! Finance]
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Source: Yahoo! Finance
Wilmington, Delaware, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Marine Deck Machinery Market by Type (Winch, Windlass, Capstan and Others), Application (Commercial Ship and Leisure Ship), Operating Mode (Hydraulic, Electric and Manual): Global Opportunity Analysis and Industry Forecast, 2024-2032" . According to the report, the marine deck machinery market was valued at $18, 066.1 million in 2023, and is estimated to reach $35, 523.6 million by 2032, growing at a CAGR of 8.2% from 2024 to 2032. Prime determinants of growth The marine deck machinery market is experiencing significant growth owing to the continuous growth of global maritime trade, advancements in maritime technology, and the expansion of naval fleets. The need for cutting-edge and dependable deck equipment is on the rise as the industry strives to improve operational efficiency and safety measures. Moreover, the implementation of government regulations that prioritize sa
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