Ship Spares and Equipment Market to Reach USD 22.3 Billion by 2030, Fueled by Rising Demand for Maritime Safety and Fleet Modernization https://dataintelo.com/report/ship-spares-and-equipment-market The Ship Spares and Equipment Market is poised for remarkable growth, with an expected market value of USD 22.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period. The demand for ship spares and equipment is being driven by the ongoing modernization of global fleets, stringent maritime safety regulations, and the rising demand for advanced technologies in the maritime industry. Ship spares and equipment are crucial components for the maintenance, repair, and operation of ships. As the global shipping industry continues to expand, the need for efficient, durable, and technologically advanced spares and equipment has never been more critical. The rising investments in shipbuilding, as well as the increase in the number of new vessels entering the market, are expected to provide significant growth opportunities for the industry.