Marine Deck Machinery Sales

Marine Deck Machinery Sales Market Outlook

The global marine deck machinery market was valued at approximately USD 3.5 billion in 2022 and is projected to reach USD 5.2 billion by 2035, growing at a CAGR of 5.5% during the forecast period. The growth of this market is primarily driven by factors such as the increasing demand for commercial shipping activities, advancements in marine technology, and the rising need for efficient cargo handling systems in the shipping industry. Additionally, the growth of offshore activities, particularly in the oil and gas sector, is expected to enhance the demand for various deck machinery components. The trend towards automation and the adoption of smart technologies in marine operations are also contributing positively to this market's expansion. The ongoing maritime sector developments, coupled with the increasing preferences for eco-friendly machinery, create an optimistic outlook for the marine deck machinery sales market.

Growth Factor of the Market

The marine deck machinery sales market is experiencing significant growth due to a variety of factors that are reshaping the maritime industry. The expansion of global trade is driving the need for advanced deck machinery to facilitate the efficient loading and unloading of goods. Emerging economies are ramping up their investment in maritime infrastructure, leading to a surge in shipbuilding activities, which in turn propels the demand for high-quality deck machinery components. The shift towards renewable energy sources is also influencing this market positively, as offshore wind farms necessitate specialized deck equipment for installation and maintenance. Furthermore, regulatory mandates aimed at improving safety and environmental standards in maritime operations are compelling shipowners to upgrade their machinery. The increasing focus on reducing operational costs is driving innovations that enhance the efficiency and reliability of marine deck machinery.

Key Highlights of the Market

• Significant growth projected in the commercial shipping segment, driven by global trade expansion.
• Increasing adoption of automation technologies to improve operational efficiencies in deck machinery.
• Rising investments in offshore oil and gas exploration activities, boosting demand for specialized machinery.
• Emerging economies witnessing rapid growth in shipbuilding and marine infrastructure development.
• Regulatory compliance requirements promoting upgrades and innovations in marine deck machinery.

By Product Type

Winches:

Winches are critical components in marine deck machinery, used primarily for hauling and mooring operations. The increasing frequency of maritime activities, including fishing, shipping, and offshore energy exploration, has led to a rising demand for efficient winching systems. These systems offer enhanced control and reliability, facilitating the management of heavy loads and ensuring the safety of operations on deck. Innovations such as electric winches and integrated control systems are becoming popular, driven by the need for improved efficiency and reduced operational costs. The proliferation of automated systems is also influencing the winch market, as operators seek technologies that minimize manual intervention while enhancing safety standards. Given these factors, the winch segment is expected to witness substantial growth in the coming years.

Cranes:

Cranes play an essential role in the loading and unloading processes in various maritime applications. With the growth of container shipping and the increasing size of vessels, the need for advanced crane systems has surged. These cranes are designed to handle heavy loads with precision and speed, thereby increasing operational efficiency. The introduction of innovative crane technologies, such as smart cranes equipped with IoT capabilities for data monitoring and predictive maintenance, is further augmenting the segment's growth. Additionally, the trend toward automation in maritime operations is leading to the development of remote-controlled and automated cranes, which enhance safety and operational efficiencies. As more vessels integrate advanced crane systems, the demand for this product type is expected to rise significantly.

Windlasses:

Windlasses are vital for anchoring and mooring operations on vessels. The increasing emphasis on maritime safety and the need for reliable anchoring solutions are driving the demand for high-quality windlasses. As shipping and offshore activities expand, particularly in rough marine environments, the need for robust and reliable windlasses becomes even more critical. Modern windlasses are often equipped with advanced features such as automatic braking systems and remote operation capabilities, making them safer and easier to use. The trend of retrofitting older vessels with advanced windlass systems is also contributing to the segment's growth. Therefore, the windlass product type is positioned for steady growth as maritime operations continue to evolve and demand greater reliability and safety.

Capstans:

Capstans are essential deck machinery used for pulling in and letting out lines on vessels. They are particularly crucial in the operations of fishing boats, tugs, and offshore support vessels. The rising demand for fishing and marine transportation activities is expected to boost the capstan segment significantly. Furthermore, the introduction of electric and hydraulic capstans that offer improved performance and efficiency is enhancing their appeal in the market. The versatility of capstans, which can be used for a variety of applications, including anchoring and berthing, adds to their market attractiveness. As maritime industries continue to adopt advanced technologies for improved operational efficiency, the growth prospects for capstans are promising.

Davits:

Davits are crucial for launching and retrieving lifeboats and rescue boats on ships, thereby playing a vital role in maritime safety. The increasing focus on safety and emergency readiness in the shipping industry is driving the demand for advanced davit systems. Regulations mandating the inclusion of lifeboat systems on vessels further enhance the market for davits. Innovations, such as automated davit systems that allow for quicker deployment and retrieval of life-saving equipment, are gaining traction. Additionally, the growth of the cruise and leisure maritime sector, where safety is paramount, is contributing to the expansion of the davit market. As safety regulations become increasingly stringent, the davit segment is expected to see substantial growth in the coming years.

By Application

Commercial Ships:

The commercial ships segment represents a significant portion of the marine deck machinery market, encompassing a wide range of vessels, including cargo ships, tankers, and bulk carriers. The increasing global trade and the rising demand for efficient transportation of goods are key factors driving this segment's growth. As the demand for larger, more efficient commercial vessels continues to rise, the need for advanced deck machinery, including winches, cranes, and windlasses, becomes critical for ensuring smooth operations. Additionally, the trend towards retrofitting existing commercial vessels with modern machinery to enhance operational efficiency is contributing to the demand in this segment. Consequently, the commercial ships application is anticipated to witness robust growth in the coming years.

Naval Vessels:

The naval vessels application segment is driven by the increasing defense budgets and geopolitical tensions that necessitate the enhancement of naval capabilities. This segment includes a wide range of military ships, such as aircraft carriers, destroyers, and submarines, all of which require specialized deck machinery to support various operations. The integration of advanced technologies into naval deck machinery, such as automated systems and smart controls, is gaining traction to improve operational efficiency and safety. Furthermore, the growing focus on maritime security and the need for rapid response capabilities are prompting investments in advanced deck machinery for naval vessels. As a result, this segment is expected to see significant growth during the forecast period.

Offshore Vessels:

The offshore vessels application segment is witnessing substantial growth due to the increased exploration and production activities in the oil and gas sector. Offshore support vessels, including supply ships and platform support vessels, require specialized deck machinery to facilitate various operations, such as loading and unloading equipment and personnel transfer. The growing investments in offshore renewable energy projects, including wind farms, are also contributing to the demand for advanced deck machinery in this segment. Innovations in deck machinery, such as dynamic positioning systems and enhanced mooring technologies, are becoming increasingly important to meet the operational challenges faced in offshore environments. Therefore, this segment is poised for considerable expansion in the near future.

Recreational Boats:

The recreational boats segment is experiencing growth due to the increasing popularity of leisure activities and water sports. As more individuals invest in recreational boating, the market for deck machinery designed for personal and leisure vessels is expanding. This segment includes a variety of deck machinery such as winches, capstans, and davits, which enhance the functionality and safety of recreational boats. Additionally, manufacturers are increasingly focusing on producing lightweight and compact deck machinery solutions that cater to the needs of recreational boat owners. The trend towards customization and the demand for high-quality equipment are further driving the growth of this segment, making it an important area of focus for manufacturers and suppliers.

Others:

The 'Others' category encompasses various niche applications that require marine deck machinery, including research vessels, fishing vessels, and specialized service ships. This segment is gaining traction as specific industries seek tailored solutions for their unique operational needs. The rising demand for sustainable marine operations is influencing the development of specialized deck machinery that minimizes environmental impact. Additionally, advancements in marine technology are enabling the creation of innovative machinery designed to perform specific tasks efficiently. The growth of the marine tourism industry and the rising trend of eco-tourism are also contributing to the demand for deck machinery in this segment, as vessels are equipped to cater to tourists and adventure seekers.

By Sales Channel

OEM:

The Original Equipment Manufacturer (OEM) segment plays a crucial role in the marine deck machinery market, as it encompasses the production and sale of machinery directly from manufacturers to shipbuilders and vessel owners. This channel benefits from strong partnerships with shipyards, which typically demand high-quality machinery that meets specific design and operational requirements. Trends in customization and technological advancements are driving growth in the OEM market, as manufacturers strive to meet the evolving needs of shipbuilders and owners. Additionally, new builds and retrofitting projects contribute to the demand for OEM products, as companies seek reliable and efficient machinery for their vessels. Consequently, the OEM sales channel remains a primary contributor to the marine deck machinery market's expansion.

Aftermarket:

The aftermarket segment is essential for maintaining and enhancing the performance of existing marine deck machinery. As vessels age and undergo regular maintenance, the demand for replacement parts, upgrades, and services becomes increasingly important. This segment includes repair services and the sale of accessories that ensure the continued efficiency and reliability of deck machinery. The growing focus on extending the lifespan of vessels and reducing operational downtime is fueling the demand for aftermarket services. Furthermore, technological advancements in deck machinery often necessitate upgrades and replacements, driving growth in this segment. As vessel operators seek to maintain safety and efficiency, the aftermarket channel is expected to witness significant growth in the coming years.

By Ship Type

Bulk Carriers:

Bulk carriers are specialized vessels designed to transport bulk commodities such as coal, grain, and minerals. The growing global demand for these commodities is driving the bulk carrier segment's growth, leading to an increased need for efficient deck machinery. Equipment such as winches and cranes play a pivotal role in loading and unloading operations, ensuring quick turnaround times at ports. As bulk carriers become larger and more sophisticated, the demand for advanced deck machinery capable of handling heavier loads and improving operational efficiency is also rising. Furthermore, the trend of automating bulk carrier operations is contributing to the overall growth of this segment, as operators seek to enhance safety and productivity. As a result, the bulk carriers ship type is expected to witness substantial growth in the marine deck machinery market.

Oil & Gas Carriers:

Oil and gas carriers are instrumental in the transportation of energy resources, and they require specialized deck machinery to support their operations. The increasing global energy demand and rising offshore exploration activities are driving the growth of this segment. Advanced deck machinery is crucial for safe loading and unloading processes, as well as for managing the specific operational challenges associated with transporting oil and gas. The integration of sophisticated technologies, such as dynamic positioning systems and advanced winching equipment, is becoming vital to ensure operational efficiency and safety. As the energy sector invests in new vessels and retrofitting existing ones, the demand for marine deck machinery in the oil and gas carriers segment is expected to rise significantly.

Container Ships:

The container ships segment is a significant part of the marine deck machinery market due to the increasing global trade and the reliance on containerized shipping for efficient goods transportation. Container ships require advanced deck machinery for loading and unloading containers, making cranes and winches essential components of these vessels. The trend towards larger container ships is driving the need for more powerful and efficient deck machinery that can handle increased cargo volumes and improve turnaround times at ports. Additionally, the adoption of automation and digital technologies in container shipping operations is further contributing to the demand for innovative deck machinery solutions. Consequently, the container ships segment is poised for substantial growth in line with the expansion of global trade and shipping activities.

Offshore Support Vessels:

Offshore support vessels are crucial for various maritime operations, including oil and gas exploration, wind farm maintenance, and underwater construction. The demand for these vessels is driven by the increasing investments in offshore energy projects, which require specialized deck machinery for diverse operations such as cargo handling and personnel transfer. The growth of the offshore wind energy sector is particularly influential, as it necessitates advanced deck machinery designed for installation and maintenance tasks. Innovations in deck machinery, such as dynamic positioning and enhanced mooring technologies, are becoming increasingly important to meet the unique operational challenges of offshore environments. As a result, the offshore support vessels segment is expected to see significant growth during the forecast period.

Others:

The 'Others' category involves various specialized vessels that require marine deck machinery, including research vessels and fishing vessels. These vessels often have unique operational requirements that drive demand for tailored deck machinery solutions. The growth of the research and aquaculture industries is contributing to the expansion of this segment, as specialized equipment is needed for various tasks. Additionally, the rising trend of sustainable fishing practices is influencing the design and functionality of deck machinery used in fishing vessels. As industries seek to optimize their operations and enhance safety, the demand for innovative and specialized deck machinery in the 'Others' segment is poised for growth.

By Region

The regional analysis of the marine deck machinery market reveals a dynamic landscape characterized by varying growth trends and demands. North America holds a significant share of the market, estimated at around USD 1.2 billion in 2022, driven by a well-established maritime industry and increasing investments in shipbuilding and modernization. The region's focus on enhancing naval capabilities and the rising demand for offshore energy exploration further support market growth. The market is expected to witness a CAGR of 4.8% from 2023 to 2035, fueled by the need for innovative marine technologies and efficient deck machinery in both commercial and naval applications.

In Europe, the marine deck machinery market is also poised for significant growth, with a valuation of approximately USD 1.1 billion in 2022. The region benefits from a strong maritime heritage, advanced shipbuilding capabilities, and a rising emphasis on sustainability in maritime operations. The need for compliance with stringent safety and environmental regulations is driving shipowners to invest in modern deck machinery. Additionally, the rapid expansion of the offshore wind energy sector is creating new opportunities for deck machinery suppliers. As such, Europe is expected to experience a steady growth trajectory, contributing significantly to the global marine deck machinery market.

Opportunities

The marine deck machinery market presents numerous opportunities for growth, particularly with the ongoing technological advancements and the push toward automation in maritime operations. As shipbuilders and operators increasingly recognize the importance of efficiency and safety, there is a growing demand for innovative machinery solutions. The adoption of IoT and smart technologies enables real-time monitoring, predictive maintenance, and improved operational efficiency, which can greatly benefit shipowners. Moreover, the expansion of offshore activities, especially in renewable energy sectors such as offshore wind farms, is creating significant opportunities for specialized deck machinery manufacturers. Companies that leverage these trends to develop cutting-edge machinery and systems are likely to capture substantial market share in the coming years.

Another key opportunity lies in the retrofitting market, where existing vessels are upgraded with modern deck machinery to enhance performance and comply with new regulatory standards. As older ships face increasing pressure to meet safety and environmental requirements, the demand for upgrades offers a lucrative avenue for suppliers. Additionally, emerging markets in Asia Pacific and Latin America are witnessing rapid developments in their maritime sectors, resulting in increased investments in new vessels and infrastructure. Manufacturers that position themselves strategically in these growing markets can capitalize on the rising demand for marine deck machinery, paving the way for sustained growth and profitability.

Threats

Despite the promising growth prospects, the marine deck machinery market faces several threats that could impede its progress. One significant threat is the volatility in raw material prices, which can affect production costs and profit margins for manufacturers. Fluctuations in the prices of steel and other essential materials used in the manufacturing of deck machinery can lead to increased operational costs, making it challenging for companies to maintain competitive pricing. Furthermore, geopolitical tensions and trade disputes can disrupt supply chains and impact the availability of components, posing additional challenges for manufacturers and suppliers in the marine industry.

Additionally, the marine deck machinery market is susceptible to economic downturns, which can result in reduced investments in new vessels and equipment. During periods of economic uncertainty, shipowners may choose to delay new purchases or opt for repairs and maintenance rather than investing in new machinery. This can lead to a slowdown in market growth and affect the overall health of the industry. Moreover, the emergence of alternative transportation methods and environmental concerns about marine operations may lead to increased scrutiny and regulation, posing further challenges for the marine deck machinery market.

Competitor Outlook

• Wärtsilä Corporation
• ABB Ltd.
• Rolls-Royce Holdings plc
• MacGregor (part of Cargotec Corporation)
• Kongsberg Gruppen ASA
• Fincantieri S.p.A.
• Huisman Equipment B.V.
• SH Group A/S
• Marine Technologies LLC
• TTS Group ASA
• Thordon Bearings Inc.
• Rapp Marine
• Zodiac Milpro
• Palfinger AG
• Electro-Hydraulic Systems, Inc.

The competitive landscape of the marine deck machinery market is characterized by a diverse range of players, from established multinational corporations to specialized manufacturers. Key players are focusing on enhancing their product offerings through innovation, technological advancements, and strategic collaborations to gain a competitive edge. Companies are investing in research and development to introduce state-of-the-art machinery equipped with automation and smart technology features that meet the evolving needs of the maritime industry. Additionally, players are engaging in mergers and acquisitions to expand their market presence and leverage synergies for enhanced productivity.

Wärtsilä Corporation, a prominent player in the marine industry, is known for its comprehensive solutions in marine technology, including advanced deck machinery. The company is actively involved in developing sustainable solutions that address environmental challenges in maritime operations. Their focus on digitization and smart technologies is enhancing operational efficiencies for shipowners, making them a leader in the marine deck machinery market. Similarly, ABB Ltd. is leveraging its expertise in automation and digitalization to provide innovative solutions that improve safety and efficiency in marine operations.

Rolls-Royce Holdings plc is another major player that has diversified its offerings in marine deck machinery, focusing on advanced technology solutions for naval and commercial applications. The company is dedicated to enhancing the operational performance of vessels through its cutting-edge products and services. MacGregor, part of Cargotec Corporation, specializes in cargo handling solutions and is recognized for its innovative deck machinery technologies that enhance vessel performance and efficiency. With a strong presence in both the commercial and offshore sectors, MacGregor is positioned to capitalize on the growing demand for efficient marine operations.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Rapp Marine
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Palfinger AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 SH Group A/S
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 TTS Group ASA
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Zodiac Milpro
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fincantieri S.p.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Kongsberg Gruppen ASA
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Thordon Bearings Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Huisman Equipment B.V.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Marine Technologies LLC
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Rolls-Royce Holdings plc
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Electro-Hydraulic Systems, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Wärtsilä Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 MacGregor (part of Cargotec Corporation)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Marine Deck Machinery Sales Market, By Ship Type
    • 6.1.1 Bulk Carriers
    • 6.1.2 Oil & Gas Carriers
    • 6.1.3 Container Ships
    • 6.1.4 Offshore Support Vessels
    • 6.1.5 Others
  • 6.2 Marine Deck Machinery Sales Market, By Application
    • 6.2.1 Commercial Ships
    • 6.2.2 Naval Vessels
    • 6.2.3 Offshore Vessels
    • 6.2.4 Recreational Boats
    • 6.2.5 Others
  • 6.3 Marine Deck Machinery Sales Market, By Product Type
    • 6.3.1 Winches
    • 6.3.2 Cranes
    • 6.3.3 Windlasses
    • 6.3.4 Capstans
    • 6.3.5 Davits

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Marine Deck Machinery Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Marine Deck Machinery Sales market is categorized based on

By Product Type

• Winches
• Cranes
• Windlasses
• Capstans
• Davits

By Application

• Commercial Ships
• Naval Vessels
• Offshore Vessels
• Recreational Boats
• Others

By Ship Type

• Bulk Carriers
• Oil & Gas Carriers
• Container Ships
• Offshore Support Vessels
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Wärtsilä Corporation
• ABB Ltd.
• Rolls-Royce Holdings plc
• MacGregor (part of Cargotec Corporation)
• Kongsberg Gruppen ASA
• Fincantieri S.p.A.
• Huisman Equipment B.V.
• SH Group A/S
• Marine Technologies LLC
• TTS Group ASA
• Thordon Bearings Inc.
• Rapp Marine
• Zodiac Milpro
• Palfinger AG
• Electro-Hydraulic Systems, Inc.