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While the total world maritime service industry market is larger than $100 billion, here’s a detailed overview of the maritime engineering, survey, and service industry market size for the UK and Europe as of 2024-2025.
United Kingdom
- Marine Engineering and Scientific Industry (MES):
- Estimated annual turnover of £34.7 billion and Gross Value Added (GVA) of £16.4 billion, supporting over 217,200 jobs as of the latest comprehensive report.
- Marine Survey Services:
- The marine survey services market was valued at approximately $800 million in 2025, with anticipated growth driven by regulatory demands and technological advancements.
These services include vessel inspections, cargo surveys, hull and machinery surveys, and environmental impact assessments.
Maritime Business Services (e.g., consulting, insurance, legal, shipbroking):
- This sector contributes £4.4 billion annually to the UK economy, employing around 10,000-11,000 people, with the UK being a global leader in marine insurance and shipbroking.
Ship Repair and Maintenance Services:
- In the UK, this market reached $2.01 billion (approx. £1.6 billion) in 2024, with a projected CAGR of 4.3% through the next decade.
Europe
- Ship Repair and Maintenance Services:
- The overall European market amounted to $11.99 billion in 2024 and is expected to grow at a CAGR of 3.5% through 2031.cognitivemarketresearch
- Key national breakdowns include Germany ($2.37 billion), France ($1.10 billion), Italy ($1.03 billion), Spain ($0.98 billion), and others.cognitivemarketresearch
- Marine Survey Services (Europe):
- Europe is a mature market but maintains strong demand for marine survey services due to regulatory stringency and the concentration of shipping companies.datainsightsmarket
- While exact European-only market values for survey services aren’t always split out separately, global estimates put marine survey services at around $4.91 billion in 2024, with Europe holding a significant share due to high shipping activity and compliance culture.360iresearch
Key Takeaways
- The UK is a global leader in both maritime engineering/services and business services, with industry values in the tens of billions of pounds.maritimelondon+2
- The marine survey services and ship maintenance sectors in both the UK and Europe are billion-dollar industries, with steady growth projections driven by compliance needs, technological advancement, and the growth of global shipping and offshore renewables.360iresearch+2
- Europe continues to drive growth and innovation through regulatory requirements, sustainability initiatives, and advanced maritime technology.
Overall, the maritime engineering, survey, and service industry remains a cornerstone of both the UK and European economies, maintaining significant employment and innovation within the sector.
- https://www.maritimeuk.org/documents/1135/2022_CEBR_Report_Marine_Engineering_and_Scientific_industry.pdf
- https://www.maritimelondon.com/wp-content/uploads/2022/06/CEBR-report-2022pdf.pdf
- https://www.datainsightsmarket.com/reports/marine-survey-services-495023
- https://ukshippingconcierge.co.uk/sites/default/files/2023-04/PwC-report-2016-the-uks-global-maritime-professional-services_compressed.pdf
- https://www.cognitivemarketresearch.com/regional-analysis/europe-ship-repair-and-maintenance-service-market-report
- https://www.360iresearch.com/library/intelligence/marine-survey-services
- https://www.coherentmarketinsights.com/industry-reports/marine-engineering-market
- https://ec.europa.eu/docsroom/documents/3290/attachments/1/translations/en/renditions/native
- https://thedatacity.com/rtics/marine-and-maritime-rtic0084/
- https://www.maritimeindustries.org/application/files/6216/4249/8768/MSTG_2021_Survey_Report_V6.pdf
- https://www.maritimeuk.org/state-of-the-maritime-nation/
- https://www.grandviewresearch.com/horizon/outlook/maritime-surveillance-market/uk
- https://www.researchandmarkets.com/report/europe-maritime-information-market
- https://www.fortunebusinessinsights.com/marine-engineering-market-112600
- https://www.linkedin.com/pulse/europe-window-marine-market-key-insights-growth-utrce/
- https://assets.publishing.service.gov.uk/media/5a7970f4ed915d07d35b582e/11-1310-strategy-for-growth-uk-marine-industries.pdf
- https://www.marketresearchfuture.com/reports/maritime-logistics-services-market-8758