The market stood at USD 168.56 billion in 2020. It is projected to grow from USD 170.75 billion in 2023 to USD 188.57 billion in 2028 at a CAGR of 1.43% during the forecast period. The marine vessel market growth is set to occur on account of the surging seaborne trade across the globe. Maritime Publications, for instance, stated that more than 70% of the global trade by value and around 80% by volume is controlled by ports and carried out by sea globally.
Information Source-
https://www.fortunebusinessins....ights.com/marine-ves
