Middle East & Africa Marine Vessel Market Growth and Analysis by 2030

Historic Data: 2021-2022 | Base Year: 2023 | Forecast Period: 2024-2030

Middle East & Africa Marine Vessel Market Forecast to 2030 - Regional Analysis by Type (Commercial Vessels, LNG/LPG, Passenger Ships, and Special Purpose Vessels) and System (Marine Engine, Control System, Communication System, and Others)

Report Date : Jul 2023
Report Code : TIPRE00029933

Category : Manufacturing and Construction
Status : Published

Available Report Formats :
No. of Pages : 150

Page Updated: May 2025

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Middle East & Africa marine vessel market is expected to grow from US$ 9,054.90 million in 2023 to US$ 13,244.79 million by 2030; it is estimated to register a CAGR of 5.6% from 2023 to 2030.

The popularity of cruise tourism is increasing with the rising number of high-net-worth individuals. People from this category prefer spending their free time cruising to release the stress of everyday life. Besides relaxing on the oceans, they visit historical places and scenic natural destinations. Due to the rising demand, cruise tourism has become an essential asset for development in various Middle Eastern countries. Further, the cruise tourism sector brings national and international investments, employment opportunities, foreign exchange income, business volumes, and socioeconomic and sociocultural benefits to national economies. According to the Economic Impact Report from World Travel and Tourism Council (WTTC), the travel and tourism sector in the region is expected to generate more than 3.6 million new jobs in the next decade. In addition, with the development of the modern ports in Dubai and Abu Dhabi, the region has become a central hub for cruise lines, offering a starting point for the journey to the Red Sea, Arabian Peninsula, and the Persian Gulf.

Governments of different Middle Eastern countries are investing significant resources in infrastructure development to boost their cruise tourism sector. For instance, in January 2023, Abu Dhabi Ports Group, UAE, inaugurated the first cruise terminal in Aqaba in collaboration with the Government of Jordan. They also announced that more than 50 vessels are scheduled to dock at the terminal in the next four months after inauguration, bringing numerous visitors to the country. In the 2021 cruise season, Dubai received 98 ship calls with more than 330,000 passengers and crew members. Similarly, according to Qatar Tourism, 18 cruise ships arrived at ports in the country with more than 58,000 passengers and crew members in the first half of 2021. Also, the Tourism Ministry of Oman reported that the country hosted 99 cruise ships in 2021. Thus, the growing cruise tourism in the Middle East is boosting the Middle East & Africa marine vessel market growth in the forecasted period.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Middle East & Africa Marine Vessel Market: Strategic Insights

Middle East & Africa Marine Vessel Market

Market Size 2023
US$ 9,054.90 Million

Market Size 2030
US$ 13,244.79 Million

Market Dynamics

GROWTH DRIVERS
XXXXXXX
XXXXXXX
XXXXXXX

FUTURE TRENDS
XXXXXXX
XXXXXXX
XXXXXXX

OPPORTUNITIES
XXXXXXX
XXXXXXX
XXXXXXX

Regional Overview

Middle East and Africa

Market Segmentation

Type

Commercial Vessels
LNG/LPG
Passenger Ships
Special Purpose Vessels

System

Marine Engine
Control System
Communication System

Get Top Key Market Trends of this report.
This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Middle East & Africa Marine Vessel MarketReport Scope

Middle East & Africa Marine Vessel Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 9,054.90 Million
Market Size by 2030	US$ 13,244.79 Million
Global CAGR (2023 - 2030)	5.6%
Historical Data	2021-2022
Forecast period	2024-2030
Segments Covered	By Type Commercial Vessels LNG/LPG Passenger Ships Special Purpose Vessels By System Marine Engine Control System Communication System
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Al Masaood LLC VM Marine International Ltd Al Seer Marine Supplies & Equipment Co Seapride Marine Engineering Ltd Nautic Africa (Pty) Ltd Comarco Group Israel Shipyards Ltd Marisol Qatar ADNOC Drilling Co

Frequently Asked Questions

What is the estimated market size for the Middle East & Africa marine vessel market in 2023?

The Middle East & Africa marine vessel market was estimated to be USD 9054.90 Mn million in 2023 and is expected to grow at a CAGR of 5.6 %, during the forecast period 2023 - 2030.

What are the driving factors impacting the Middle East & Africa marine vessel market?

The Seaborne trade is continuously expanding in the Middle East & Africa (MEA) and increasing cruise tourism in Middle East are the major factors that propel the Middle East & Africa marine vessel market.

What are the future trends of the Middle East & Africa marine vessel market?

The advancement in the maritime communication technology can be future trends for the Middle East & Africa marine vessel market.

What is the incremental growth of the Middle East & Africa marine vessel market during the forecast period?

The incremental growth, expected to be recorded for the Middle East & Africa marine vessel market during the forecast period, is US$ 4,189.89 million.

What will be the global market size for Middle East & Africa marine vessel by 2030?

The Middle East & Africa marine vessel market is expected to reach US$ 13,244.79 by 2030.

Which are the key players holding the major market share of Middle East & Africa marine vessel market?

The key players, holding majority shares, in of Middle East & Africa marine vessel market includes Hyundai Heavy Industries (HHI), Hanwha Ocean co., Ltd., Samsung Heavy Industries, Fincantieri S.p.A., and MITSUBISHI HEAVY INDUSTRIES, LTD.

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Middle East & Africa Marine Vessel Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Middle East & Africa Marine Vessel Market Report Snapshots

Recent Reports

Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.

The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

YUKIHIKO ADACHI CEO, Deep Blue, LLC.

We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.

PIYUSH NAGPAL Sr. Vice President, High Beam Global

I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.

Jean-Herve Jenn Chairman, Future Analytica

This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.

John Suzuki President and Chief Executive Officer, Board Director, BK Technologies

Reason to Buy

Informed Decision-Making
Understanding Market Dynamics
Competitive Analysis
Identifying Emerging Markets

Customer Insights
Market Forecasts
Risk Mitigation
Boosting Operational Efficiency

Strategic Planning
Investment Justification
Tracking Industry Innovations
Aligning with Regulatory Trends

Your Key Concerns Addressed - Question & Answer

Can I view a sample of the report before purchasing?

Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

Is analyst support included with the purchase?

Absolutely â€” analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

What are the next steps once I place an order?

Once your order is successfully placed, you will receive a confirmation email along with your invoice.

â€¢ For published reports: Youâ€™ll receive access to the report within 4â€“6 working hours via a secured email sent to your email.
â€¢ For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

Can the report be tailored to suit my specific needs?

We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and weâ€™ll be happy to provide a customized proposal or scope.

In what format is the report delivered?

The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

How secure is the payment process on your platform?

Our payment process is fully secure and PCI-DSS compliant.

We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.

Do you provide special pricing for buying multiple reports?

Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, weâ€™re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports youâ€™re considering, and weâ€™ll share a personalized quote.

Can I connect with your team to discuss the report before buying?

Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the reportâ€™s scope, methodology, customization options, or which license suits you best, weâ€™re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

Will I get a billing invoice upon purchase?

Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and weâ€™ll be happy to assist.

Is there support available if I canâ€™t access my report?

Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and weâ€™ll ensure the issue is resolved quickly so you can access your report without interruption.

Buy Now

87-673-9708

ISO 9001:2015