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Summary of our market study
The global ship repair and maintenance market, estimated at $26 billion
In France, the military repair segment accounts for over 90% of the market. The French Navy's operational maintenance budget is around 1.5 billion euros.
France produces over 3,500 sailboats and 9,700 motorboats.
Aging fishing fleets are fuelling potential demand for repairs.
The French ship-repair sector includes the shipbuilders who carry out the major renovation work, as well as a multitude of small businesses present in the harbors, as evidenced by the presence of some 360 companies in the Provence-Alpes-Côte d'Azur region.
Fincantieri's deal in China underlines the importance of international partnerships and EU state control of the shipbuilding market.
The main shipbuilders operate in both the civil and military segments.
Players in the ship repair and maintenance market
- Naval Group: Giant in naval defense and civil ship services
- Piriou: Renowned for its flexibility in meeting both civil and military needs.
- CMN: Constructions Mécaniques de Normandie illustrates the breadth of our naval repair capabilities.
- Damen: Dutch conglomerate Damen is a global player, focusing primarily on the civil marine sector.
- OCEA: a specialist in custom shipbuilding
- Monaco Marine France: a player in yacht maintenance and refit
- SOCARENAM: Expertise in various types of vessels
- Compositeworks France specializes in marine composite materials
- Navtis: Maintenance and conversion wholesalers.
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Summary and extracts
1 Market overview
1.1 Definition and scope of the study
Ship repair encompasses all industrial activities involved in repairing a vessel following technical damage or damage caused by an accident (collision, grounding, etc.). The sector also encompasses maintenance activities, which are necessary on boats that have become too worn. This wear and tear is generally natural, due to corrosion, friction with water or the accumulation of molluscs on the hull.
The ship repair and maintenance sector is closely linked to the shipbuilding industry, whose economic activity has seen many ups and downs in recent years. at the end of the 1990s and before the 2008 crisis, orders were at their peak. However, successive crises have taken their toll on the sector. Nevertheless, orders rebounded in 2013, as GICAN explains. This augurs well for future growth in the sector.
In this study, we'll look at ship repair and maintenance, both for private and military vessels, but we'll leave out shipbuilding and other activities - such as equipment and consultancy.
1.2 Repair and maintenance play an important role in the shipbuilding industry
on a global scale, the ship repair and maintenance industry is estimated by future market insights to be a $**.* billion market in ****. This same market is expected to grow at a CAGR of *.*% over the ****-**** decade, to reach $**.* billion . this activity is part of the larger naval industry family, which ...
1.3 A fairly stable domestic market, driven by the French Navy
It is possible to represent the evolution of sales in the repair and maintenance sector between **** and ****, using data from theINSEE. As we can see from the graph below, sales have been rising slightly since ****, with a more substantial increase in **** (***), before picking up again in ****. The year **** looks set to ...
2 Demand analysis
2.1 Type of boat
The demand for naval repairs is divided between the defense needs of the French Navy and those of the civilian navy.
Military vessels
There are several categories of vessels owned by the French Navy. Based on data provided by the French Navyit is also possible to count vessels by category.
Combat ...
2.2 Demand that evolves over time
ageing fishing vessels
We can draw on an article from Point to provide some information about the fishing fleet. According to the article, the fleet is "aging". Vessels are ** years old on average, and two-thirds of them will have to be replaced in the coming years.
Source: ****
We are also witnessing ...
2.4 Pleasure boat repair demand and capacity
The profile of private customers
Individuals: yacht repair company customers are mainly retired people, blue-collar workers and individuals with no professional activity.
Socio-professional categories of boat buyers (***) France, % of total Source: ****
Marina facilities and services depend on size and geographical location
In a **** report, Ecologie.gouv provides information on the equipment ...
3 Market structure
3.1 Market organization and dynamics
The ship repair market is divided into several segments, according to the end use of the boats.
The market is structured as follows:
The ship repair and maintenance market is not the result of a production process. It is a sector in which there is only one point of contact between ...
3.2 Aspects of ship repair and maintenance
Shipowners choose between different shipyards according to their needs:
If it's an urgent request to deal with damage, the shipowner will be obliged to use a local shipyard. If it's a classic five-yearly technical shutdown in dry dock (***) or the recommissioning or sale of a second-hand vessel, the shipowner's choice of ...
4 Offer analysis
4.1 Non-construction shipyard departments
Repair
If damage occurs to a vessel - collision, fire or grounding - or if wear and tear degrades the quality of the vessel's equipment or envelope, it is necessary to have the damaged parts repaired. Whatever the equipment - hull, belts, engines, pipes or electrical systems - the ship repair ...
4.2 Prices based on boat volume
Prices are often based on the volume of the vessel. This is calculated as follows:
V=L × l × Te
Given :
L, overall length of the vessel l, maximum beam of the vessel Te, maximum draught of the vessel
Knowing that prices vary widely from one port to another, we propose to ...
4.3 Cooperation agreements keep the sector moving
Cooperation agreements between repair facilities
In addition to the partnerships signed between shipowners and shipyards, other cooperation agreements have been signed between repair facilities. Fincantieri, for example, has signed an agreement with Huarun Dadong Dockyard in Shanghai to bring its technical expertise to the cruise ship segment in China. In exchange, ...
5 Regulations
5.1 Current control
In addition to the traditional rules concerning safety at work and respect for the environment, it may be interesting to look at a European rule concerning subsidies for the shipbuilding sector .
In ****, the European Commission validated the French bill to provide subsidies for innovation:
Ship repair yards repairing or refitting self-propelled ...
6 Positioning the players
6.1 Segmentation
- Port de la Rochelle
- Port de Concarneau
- Normandie Refit
- Atlantic Refit Center
- Damen Shipyard
- MB92
- Navtis Groupe
- Chantier naval de Marseille
- Piriou
- Chantier naval de Socoa
- Vertica
- Nautilia Groupe
List of charts presented in this market study
- Breakdown of shipbuilding industry activities
- European shipbuilding and ship repair market
- Domestic and export markets - Ship repair and maintenance
- Number of French-flagged transport vessels by type of use
- Number of French-flagged service vessels by type of use
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Latest news
Piriou shipyard recruits by "simulation" in Lanester and Concarneau | Recruitment by simulation at Piriou - 13/11/2023
- Piriou is France's leading player in the naval industry, with 1,400 employees and sales of 290 million euros by 2022.
The Port of La Rochelle aims to make its mark in offshore wind energy - 23/03/2023
- La Rochelle to host Shipping Days, France's first conventional shipping trade fair
- Breton maritime stevedore Kuhn, with sales of 165 million euros, operates six of the eight terminals in La Rochelle, and is bidding with Belgian installer Deme for the logistics of the next wind farm project off the islands of Yeu and Noirmoutier, in 2024.
- 90 hectares dedicated to floating wind turbines
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