Overview

IBISWorld’s Marine Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Industry Threats & Opportunities

  • The Marine Services Industry in China has experienced strong development in recent years along with China's booming marine economy
  • This industry is expected to maintain strong future growth, driven by investment in marine engineering construction and marine pollution control programs

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    The relatively young Marine Services industry in China has developed strongly along with China's booming marine economy. In the five years to 2016, industry revenue is expected to increase at an average annualized rate of 10.5%. Industry revenue is expected to total $390.3 million in 2016, up 9.1% from 2015.

    China's marine economy currently accounts for about 10.0% of the national economy as a whole. Its importance is expected to grow, which will bring more businesses to the industry. There are about 323 marine services enterprises with total employment of over 8,560. Over 90.0% of marine services providers operate with annual revenue of less than $1,000,000...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Starting a New Business Chapter

    Most marine services are highly specialized and require advanced technologies and industry expertise. Therefore, it is crucial for new entrants to this industry to have a team of experienced and professional technicians. Further, a large financial investment may be required due to the need to utilize costly equipment and facilities. In addition, such equipment needs to be regularly maintained and upgraded due to the high depreciation rate and rapid technological changes.

    Enterprises engaged in marine pollution control are required to obtain licenses according to the government's Measures for the License Administration of Qualification for Operations of Environmental Pollution Control Facilities. The licenses are usually valid for no more than three years. Ine..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Marine Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Marine Services Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Easy access for clients
  • Provision of a related range of goods/services (one-stop shop)
  • IBISWorld analysts also discuss how external factors such as Fixed Investment - Total and Domestic Goods Prices - Energy Minerals - Crude Oil in the Marine Services industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Marine Services Industry?

    The Marine Services industry in China comprises establishments that provide a wide range of specialized marine and offshore services, including marine management, marine evaluation, marine and polar expeditions, marine weather forecasting, marine pollution control and other marine services. Marine scientific research is not included in this industry.

    Industry Products
    Marine engineering services
    Marine pollution control
    Marine evaluation
    Other marine services
    Industry Activities
    Sea area management
    Marine resources management
    Marine evaluation
    Subsea engineering management
    Marine weather forecasting
    Marine pollution control
    Other marine services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Fixed Investment - Total
  • Domestic Goods Prices - Energy Minerals - Crude Oil
  • Funding (Federal) - Natural Resources and Environment
  • Systems and Technology

  • Current Performance
  • Demand and investment
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Marine Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Marine Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil & Gas Drilling
  • Thermal Power Generation
  • Hydroelectric Power
  • Commercial Banks
  • Public Administration and Social Organizations

  • Key Selling Industries
  • Pollution Treatment Equipment Manufacturing
  • Scientific Instrument Manufacturing
  • Ship Building

  • Products & Services
  • Marine engineering services
  • Marine pollution control
  • Marine evaluation
  • Other marine services
  • Chart: Marine Services Industry Products and Services Segmentation

  • Demand Determinants
  • Development of the domestic marine economy
  • World oil price
  • Environmental concerns

  • Major Markets
  • Marine construction enterprises
  • Governments
  • Other clients
  • Chart: Major Market Segmentation for the Marine Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Marine Services

  • Basis of Competition
  • Technology levels
  • Service scope and quality
  • Price
  • Government relationships

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Marine Services Industry

  • Industry Globalization
    Major Companies
    Neptune Offshore Engineering Development Co., Ltd.CNOOC-OTIS Well Completion Service Ltd.Guangzhou Marine Geological SurveyShanye Marine Services Co., Ltd.Yantai Shunda Ocean Engineering Service Co., Ltd.
  • Table: Neptune Offshore Engineering Development Co., Ltd. - financial performance
  • Table: CNOOC-OTIS Well Completion Service Ltd. - financial performance
  • Table: Guangzhou Marine Geological Survey - financial performance
  • Table: Shanye Marine Services Co., Ltd. - financial performance
  • Table: Yantai Shunda Ocean Engineering Service Co., Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Marine Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Marine Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Marine Economy
  • Economic activities based on the development, utilization and protection of marine resources.
  • Marine Mining
  • The process of recovering mineral resources from sea waters or from deposits on and under the sea floor.
  • Marine Salvage
  • The process of rescuing a ship, its cargo and other related property from difficulties at sea or from sea waters.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Marine Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Marine Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Marine Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear