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Sea-based Vehicle Carrier Market Predicted to Accelerate the Growth by 2021– 2031

The sea-based vehicle carrier is a vessel specially designed to conduct maritime car trade. The sea-based vehicle carrier has multiple decks of parking space and loading space. Sea-based vehicle carriers are measured in car equivalent units (CEU) with the largest sea-base vehicle carrier, Hoegh Target, having a capacity of 8,500 CEU. Vessels are specially designed for efficient transport of cars (pure car carriers) or a variety of cars, trucks, tractors and buses (pure car/truck carriers). Cargo access/transfer equipment of typical car carrier consists of a stern quarter ramp, side ramps, internal ramps with covers and hoistable decks. Vehicles drive directly into the ship and via internal ramp system to various decks.

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North America to Hold Significant Share of Global Sea-based Vehicle Carrier Market:

Rate of adoption of technology in North America is higher than that in other regions, as manufacturers of the sea-based vehicle carrier industry in the region emphasize more on the research and development of components. High penetration of sea-based vehicle carriers in several countries across the region, including Germany and the UK, is likely to boost the market for sea-based vehicle carrier in the region.

COVID–19 Impact:

  • The COVID-19 crisis is affecting economies and industries in various countries due to lockdowns, travel bans and business lockdowns. The global materials industry is suffering serious disruptions such as supply chain breaks, office shutdowns, and others. For instance, China is a global manufacturing hub and raw material supplier of various industries; it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting manufacturing, delivery schedules, and various material sales. Various companies announced possible delays in product deliveries and slump in future sales of their products. All these factors are anticipated to hamper the global sea-based vehicle carrier market.

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Key Players Operating in Global Market:

The global sea-based vehicle carrier market is consulted with top manufacturers across the global market. A few of the key players operating and potential in the global sea-based vehicle carrier market are:

  • NYK Line
  • MSC
  • Sinotrans Logistics
  • A.P. Moller –Maersk
  • K Line Logistics
  • CEVA Logistics
  • Marvest GmbH

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Global Sea-based Vehicle Carrier Market: Research Scope

Global Sea-based Vehicle Carrier Market, by Vessel Type

  • Pure Car Carrying (PCC)
  • Pure Car/Truck Carrying (PCTC)
  • Large Car/Truck Carrying (LCTC)

Global Sea-based Vehicle Carrier Market, by CEU Type

  • Less than 3500 CEU
  • Greater than 3500 CEU

Global Sea-based Vehicle Carrier Market, by Application

  • Domestic
  • International

Global Sea-based Vehicle Carrier Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • latin america
    • Brazil
    • Mexico City
    • Rest of Latin America
  • Middle East & Africa
    • CCG
    • South Africa
    • Rest of Middle East & Africa

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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information. 

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