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Market Overview of Global Cable-laying Vessel market:
According to our latest research, the global Cable-laying Vessel market looks promising in the next 5 years. As of 2022, the global Cable-laying Vessel market was estimated at USD 587.37 million, and it's anticipated to reach USD 1048.93 million in 2028, with a CAGR of 10.15% during the forecast years.
Cable-laying vessel is a deep-sea vessel designed and used to lay underwater cables for telecommunications, electric power transmission, military, or other purposes. A Cable-laying vessel is built with every modern gadget required to make the process of laying the intricate lines of cable on the oceanic floor simpler. Submarine cable installation is made possible by the tools and equipment that are on board cable-laying vessels, including ploughs, which are used to bury the cable; cable engines, which are used to tension the line; and cable-laying reels, which are used to store and pay out the cable. Cable-laying vessel is enabled with Dynamic Positioning and Dynamic Tracking systems which pinpoint the exact location of the ship in the mid-ocean and lay the underwater cables, such as telephone cables, electric power cables, or fiber optic lines appropriately.
The global economy has been significantly impacted by the COVID-19 pandemic, with the maritime sector being one of the hardest hits. According to the International Chamber of Shipping, the industry could lose up to $12 billion in income this year as a result of the pandemic.The market for cable-laying vessels is one of the important marine industry subsectors that has been impacted by the pandemic. For a number of uses, including telecommunications, power transmission, and oil and gas pipelines, these vessels are used to lay undersea cables. Since many of the projects that these vessels were utilized for during the Covid-19 epidemic have been postponed or cancelled due to the economic crisis, there has been a substantial decline in demand for cable laying vessels.
International power grid interconnections provide links between the electricity transmission systems of two or more adjoining countries. Thus, interconnections allow those countries to share power generation resources. Demand for submarine power cables is rising for cross-border power grid connections in order to improve reliability.
As the developed and the developing countries have drifted towards the use of the internet, the global cable-laying vessel market has now been spread into North America, Europe, China and Japan. Europe is the dominant player in the cable-laying vessel market. Europe is leading in both cable-laying vessel production and cable laying services.
One of the key factors propelling the cable-laying vessel market is the rising demand for high-speed internet and data services. The need for faster internet connections is being driven by the rising demand for streaming services, online gaming, and other data-intensive activities. The demand for cable-laying vessels that can install high-capacity undersea cables has increased due to the need for faster and more dependable connectivity. The significant demand for submarine cables for high-speed broadband and mobile connectivity in subsea fuels the growth of the cable laying vessel market.
Offshore wind cable laying vessels are expensive to build and operate, which can be a barrier for some companies looking to enter the market. Moreover, finding skilled workers to operate these specialized vessels can be difficult, limiting the number of companies that can participate in the market.
Region Overview:
In 2021, the share of the Cable-laying Vessel market in Europe stood at 37.63%.
Company Overview:
Fincantieri
Fincantieri S.p.A. is an Italian shipbuilding company headquartered in Trieste, Italy. Fincantieri designs and builds merchant, passenger, offshore and naval vessels and is also active in the refit and ship repair industry. Already the largest shipbuilder in Europe, the acquisition of Vard in 2013 doubled the size of the Fincantieri Group to become the fourth largest in the world (2014). The company builds commercial and military vessels.
ulstein wirft
The Ulstein Group is a family-owned company comprising maritime companies in the fields of ship design and solutions, shipbuilding and shipping. Ulstein's vision is to create tomorrow's solutions for sustainable marine operations. The company was founded in 1917 and is headquartered in Ulsteinvik, Norway.
Fincantieri is one of the key players in the cable-laying vessel market with a share of 27.00% by 2022.
Segmentation Overview:
According to the length of the cable-laying vessel, the market can be divided into those with a length of more than 100 meters and those with a length of less than or equal to 100 meters. Cable-laying vessels with a length of more than 100 meters account for a bigger market share, due to there being currently more cable-laying vessels with a length of more than 100 meters in the market.
Application Overview:
On the basis of cable types, the cable-laying vessel market can be segmented into Power Cable and Communication Cable. Telecommunication companies are laying thousands of kilometers of optical fibers cable to connect countries and continents.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Cable-laying Vessel market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Cable-laying Vessel Market Report:
Market Size Estimates: Cable-laying Vessel market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Cable-laying Vessel market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cable-laying Vessel market
Segment Market Analysis: Cable-laying Vessel market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Cable-laying Vessel market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Cable-laying Vessel Market: Revenue and sales volume of major countries in each region
Cable-laying Vessel Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Cable-laying Vessel market in major regions.
Cable-laying Vessel Industry Value Chain: Cable-laying Vessel market raw materials & suppliers, manufacturing process, distributors, downstream customers
Cable-laying Vessel Industry News, Policies & Regulations
Key players in the global Cable-laying Vessel market are covered in Chapter 12:
Colombo Dockyard
Fincantieri
Fujian Mawei
Ulstein Verft
In Chapter 2 and Chapter 15.1, based on types, the Cable-laying Vessel market from 2018 to 2028 is primarily split into:
Vessel length?100 m
Vessel length>100 m
In Chapter 3 and Chapter 15.2, based on applications, the Cable-laying Vessel market from 2018 to 2028 covers:
Power Cable
Communication Cable
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Cable-laying Vessel market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028