The global marine vessel market in 2021 was believed to be worth around $170Bn annually and due to grow at 1.5% per annum. This does not include ancillary equipment and infrastructure.
The UK marine industries include companies ranging from SMEs up to globally recognised names. Among the 5,000 companies across the UK, many serve a range of marine markets and share common technologies, skills, and marine experience. The UK marine industry is estimated to be worth more than £25Bn. The breadth of experience and capability means that the UK is well positioned to exploit future opportunities in domestic and international markets.
Marine industries manufacture and provide support services in the Leisure, Naval, Commercial, Offshore Renewable Energy and other smaller sectors.
They include over 5,000 companies across the UK, employ nearly 90,000 people, generate over £10bn turnover, and contribute nearly £3.5bn Gross Value Added to the nation’s GDP.
The UK manufacturing supply chain for the marine industry is key to the ongoing success in this competitive growth sector.