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Watertight Door Market

Watertight Door Market

Watertight Door Market Global Industry Assessment & Forecast

# Pages:

155

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0223

Segments Covered
  • By Type Hinged Watertight Doors, Sliding Watertight Doors
  • By Source Hydraulic Watertight Doors, Electric Watertight Doors
  • By Type of Vessel Commercial, Oil & Chemical Tankers, Bulk Carriers, General Cargo, Offshore Vessels, Passenger Ships & Ferries, Mega Yachts and Other Vessels, Military, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 245.63 Million
Revenue 2028Revenue 2028: 698.03 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 6.29
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Watertight Door market was valued at USD 245.63 Million in 2020 and is projected to reach USD 698.03 Million by 2028, growing at a CAGR of 6.29% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 698.03 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 6.29%

Definition and Overview

Watertight doors are special types of doors found on ships that prevent the ingress of water from one compartment to another during flooding or accidents and therefore act as a safety barrier. It limits the spread of water inside the vessel.


The global Watertight Door market is segmented based on by Type, Source, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Watertight Door  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 245.63 Million 698.03 Million

Global Watertight Door Market: COVID-19 Impact Analysis

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market Insights

Watertight doors a prevent the ingress of water from one compartment to another during flooding or accidents and therefore act as a safety barrier, it limits the spread of water inside the ship. Increasing significance and criticality of marine surveillance through maritime naval patrol vessels has positively impacted demand for watertight doors.

Tourism is one of the world's fastest growing industries and an important source of foreign exchange and employment, Coastal tourism is also growing nowadays, while being closely linked to the social, economic, and environmental well-being of many countries, especially developing countries, which is further driving the demand.

Rising sea level is a huge challenge that requires innovative solutions. Given the threat that the industry is facing, there is a need for a public-private partnership aimed at ensuring that there are sufficient resources to help the tourism sector is capable of adapting to climate change. Increase insurance cover is a must to protect businesses from anticipated increased damage from rising sea levels and associated weather extreme events. This can restrain the growth for Waterlight Doors market.

Global Watertight Door Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Source, Type of Vessel
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., IMS Groups, AdvanTec Marine, SeaNet SA, Westmoor Engineering Ltd., Baier Marine Company Inc., Van Dam B.V., Ocean Group, Winel B.V.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Type  Analysis: Preview

On the basis of Type, the market is segmented into Hinged Watertight Doors, Sliding Watertight Doors. Sliding Watertight Doors  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Sliding Watertight Doors in emerging economies in Asia Pacific region.

Source Analysis: Preview

Based on Source, the market is segmented into Hydraulic Watertight Doors, Electric Watertight Doors. Hydraulic Watertight Doors accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Watertight Door Market: Type Segment Analysis

    • Hinged Watertight Doors
    • Sliding Watertight Doors

Global Watertight Door Market: Source Segment Analysis

    • Hydraulic Watertight Doors
    • Electric Watertight Doors

Global Watertight Door Market: Type of Vessel Segment Analysis

    • Commercial
    • Oil & Chemical Tankers
    • Bulk Carriers
    • General Cargo
    • Offshore Vessels
    • Passenger Ships & Ferries
    • Mega Yachts and Other Vessels
    • Military
    • Others

Regional Analysis Preview

On the basis of region, the global Watertight Door market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held the largest share of the global Watertight Door market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is one of the most profitable countries for companies operating in the market. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Watertight Door Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Watertight Door market are MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., IMS Groups, AdvanTec Marine, SeaNet SA, Westmoor Engineering Ltd., Baier Marine Company Inc., Van Dam B.V., Ocean Group, Winel B.V.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

FAQ
Frequently Asked Question
  • The global Watertight Door valued at 245.63 Million in 2020 and is expected to reach 698.03 Million in 2028 growing at a CAGR of 6.29%.

  • The prominent players in the market are MML Marine Limited, REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o., IMS Groups, AdvanTec Marine, SeaNet SA, Westmoor Engineering Ltd., Baier Marine Company Inc., Van Dam B.V., Ocean Group, Winel B.V..

  • The market is project to grow at a CAGR of 6.29% between 2021 and 2028.

  • The driving factors of the Watertight Door include

    • Watertight doors a prevent the ingress of water from one compartment to another during flooding or accidents and therefore act as a safety barrier, it limits the spread of water inside the ship. Increasing significance and criticality of marine surveillance through maritime naval patrol vessels has positively impacted demand for watertight doors.
    • Tourism is one of the world's fastest growing industries and an important source of foreign exchange and employment, Coastal tourism is also growing nowadays, while being closely linked to the social, economic, and environmental well-being of many countries, especially developing countries, which is further driving the demand.

  • Asia Pacific was the leading regional segment of the Watertight Door in 2020.