Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 430.65 Million | USD 763.49 Million | 7.42% | 2022 |
FrequentlyAsked Questions
Marine salvage refers to the process of ship and cargo recovery after a shipwreck or any other form of accident while the ship is offshore
The global marine salvage market is projected to grow owing to the increasing efforts of regional governments and international environmental organizations to prevent any damage to marine ecosystems.
According to study, the global marine salvage market size was worth around USD 430.65 million in 2022 and is predicted to grow to around USD 763.49 million by 2030.
The CAGR value of marine salvage market is expected to be around 7.42% during 2023-2030.
The global marine salvage market is dominated by Europe. During the projection period, it will continue to lead the global market.
The global marine salvage market is led by players like Ardent Global, Resolve Marine Group, Mammoet Salvage, Smit Salvage, Donjon-SMIT, LLC, Titan Salvage, Multraship Towage & Salvage, Donjon Marine Co., Inc., Resolve Salvage & Fire (Asia) Pte Ltd, Svitzer, Five Oceans Salvage, and Shanghai Salvage Company among others.
The report explores crucial aspects of the marine salvage market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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