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The relatively young Marine Services industry in China has grown alongside China's booming marine economy. Industry revenue is expected to increase at an annualized 7.6% over the five years through 2025, to total $884.2 million. This trend includes expected growth of 7.7% in 2025. The industry profit margin is expected to be 8.8% in 2025.China's marine economy accounted for 7.8% of the national economy in 2024. The marine economy's importance is anticipated to grow further, bringing more businesses to the industry. Approximately 347 marine services enterprises operate in the industry, employing 9,474 people in 2025. Over 90% of marine services providers operate with annual revenue of less than $1.0 million. The top four companies, Guangzhou Marine Geological Survey, Qingdao Institute of Marine Geology, Yantai Shunda Ocean Engineering Service Co., Ltd. and National Marine Environmental Forecasting Center, jointly account for an estimated 23.3% of industry revenue in 2025, which indicates a low concentration level.Foreign ownership in the industry mainly occurs through joint ventures with domestic enterprises. These joint ventures combine the local backgrounds of domestic firms with the technological strength of foreign investors. In 2025, foreign-investment firms (including firms from Hong Kong, Taiwan and Macau) are estimated to account for 3.4% of enterprises, but generate 14.8% of industry revenue.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2030, to reach $1.1 billion. Growing investment in marine engineering construction and marine pollution control programs will largely drive this growth. Governments, enterprises and research institutes are also projected to invest more in research and development for marine services over the period.
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IntroductionAs global resource demands and environmental challenges intensify, China's vast marine resources present a significant opportunity for sustainable economic development. This study investigates the impact of financial development on high-quality growth in China's marine economy across 11 coastal regions from 2011 to 2020.MethodsWe examine a mediation and moderation model linking financial development and marine economic quality in China, where the marine economy increasingly relies on financial support. This study proposes marine innovation output and industrial structure upgradation as mediators, with marine capital investment as a moderator.ResultsOur findings reveal that financial development significantly promotes high-quality marine economic growth, albeit with regional heterogeneity. The strongest effect is observed in the Eastern Marine Economic Zone, while the Southern Marine Economic Zone shows the weakest impact. Marine scientific research and industrial structure upgrading serve as key mediating factors, with the former demonstrating a stronger intermediary effect. Notable, marine capital investment positively moderates the relationship between financial development and marine economic growth.DiscussionThis study innovatively combines macro-finance and micro-finance indicators to construct a comprehensive financial development index system. It incorporates a multi-dimensional approach to measuring high-quality development in coastal regions, challenging one-size-fits-all models by highlighting regional variations. By providing insights into specific differences and underlying mechanisms, our study offers valuable guidance for policymakers in crafting region-specific strategies to leverage financial development for sustainable marine economic growth.
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The extreme marine weather is a very vital factor and has important implications for of marine economic development. However, there is a lack of systematic and quantitative analyses of its impact on the marine economic development. Here, we study the impacts of extreme marine weather on marine economic development of 11 coastal regions in China, using the dynamic panel model. We found that extreme marine weather exerts a significant negative impact on the marine economic development. The marine scientific and technological innovation promotes marine economic development in a prominent manner. The marine scientific and technological innovation slows down the unfavorable impact of extreme marine weather on the marine economy. After considering different industries for marine economic development and heterogeneity, we found that extreme marine weather and marine scientific and technological innovation have a great impact on marine economic development in the tertiary industry and the areas with high development concerning marine economy level, while deliver a small impact on the marine economic development in the primary industry and the areas low development level. This paper empirically studies the relationship between the two variables of marine extreme weather and marine science and technology innovation and its impact on marine economic development, enriches the research perspective of extreme weather on marine economic development, and provides new method evidence for improving the level of marine scientific and technological innovation and promoting the development of marine economy.
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China Marine Auxiliary Equipment: YoY: Sales Tax and Surcharge: Year to Date data was reported at 20.253 % in Oct 2015. This records a decrease from the previous number of 23.628 % for Sep 2015. China Marine Auxiliary Equipment: YoY: Sales Tax and Surcharge: Year to Date data is updated monthly, averaging 25.810 % from Jan 2006 (Median) to Oct 2015, with 89 observations. The data reached an all-time high of 105.212 % in Aug 2011 and a record low of -21.250 % in Oct 2013. China Marine Auxiliary Equipment: YoY: Sales Tax and Surcharge: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BIK: Ship and Related Device Installation: Marine Auxiliary Equipment.
This statistic depicts value added of major marine industries in China from 2007 to 2017. This figure amounted to approximately ****** billion yuan in 2017.
The graph shows the added value of major marine industries in China. In 2017, the fishery industry created added values of about ***** billion yuan.
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In recent years, environmental problems have become an important bottleneck restricting the sustainable development of Marine economy in China. CO2 is one of the main greenhouse gases which contributes to marine environmental problems. As CO2 emissions can transfer among industries, identifying the industries that release CO2 most and clarifying the carbon emission flows among marine industries are helpful for decision-makers to curb CO2 emissions of marine industries. This paper applies the network method to measure carbon emission flows. First, carbon transfer coefficient is calculated. Second, carbon transfer network of marine industry is constructed based on carbon transfer coefficient. Then the structure of marine industry carbon transfer network is analyzed. Finally, the method proposed in this paper is applied to the case of China and some suggestions for carbon reduction is put forward.
The graph shows annual change in added value of major marine industries in China. In 2017, coastal tourism created an added value of about **** percent.
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China Marine Auxiliary Equipment: YoY: Value Added Tax Payable: Year to Date data was reported at 19.299 % in Oct 2015. This records an increase from the previous number of 16.125 % for Sep 2015. China Marine Auxiliary Equipment: YoY: Value Added Tax Payable: Year to Date data is updated monthly, averaging 27.689 % from Jan 2006 (Median) to Oct 2015, with 89 observations. The data reached an all-time high of 96.490 % in Feb 2008 and a record low of -32.466 % in May 2013. China Marine Auxiliary Equipment: YoY: Value Added Tax Payable: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BIK: Ship and Related Device Installation: Marine Auxiliary Equipment.
This statistic depicts the direct economic loss due to marine disasters in China from 2009 to 2019. In 2019, the economic loss caused by marine disasters ranged at approximately **** billion yuan.
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The market is segmented by Function (Anti-corrosion, Anti-fouling, Others), Resin (Epoxy, Polyurethane, Acrylic, Alkyd, and Others), Technology (Water-borne, Solvent-borne, and Others) and Application (Marine OEM, Marine Aftermarket)
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The ocean economic input-output (IO) tables are essential databases for analyzing the ocean economy. However, the IO tables issued by Chinese government's statistical department adopt the conventional economic sector classifications, which fall short in capturing the heterogeneity of the ocean and land sectors. To fill this gap, we used the stripping coefficient method to construct the ocean economic IO tables of 11 coastal provinces in China, relying on the latest official provincial IO tables in 2017 and ocean economy data published by official institutions. The provincial ocean economic IO tables, which reflect the interconnectedness among 13 ocean sectors and 42 land sectors, could be widely used to support the ocean policy evaluation at the provincial level. To clarify the interlinkage between Chinese ocean economies and foreign economies, we further differentiated the Chinese ocean sectors from a global multi-regional input-output table that contains Chinese provinces. This dataset could be used to evaluate the development of ocean economy in China from a global perspective.
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China Marine Auxiliary Equipment: Cost of Sales: Year to Date data was reported at 72.585 RMB bn in Oct 2015. This records an increase from the previous number of 64.497 RMB bn for Sep 2015. China Marine Auxiliary Equipment: Cost of Sales: Year to Date data is updated monthly, averaging 25.565 RMB bn from Dec 2003 (Median) to Oct 2015, with 97 observations. The data reached an all-time high of 92.436 RMB bn in Dec 2014 and a record low of 1.303 RMB bn in Feb 2006. China Marine Auxiliary Equipment: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BIK: Ship and Related Device Installation: Marine Auxiliary Equipment.
In 2023, China's total production volume of wild caught fish and seafood from marine and inland waters amounted to approximately ** million metric tons. The total capture volume declined from more than ** million metric tons in 2015 to around ** million metric tons in recent years, while the production volume from aquaculture kept on growing.
In 2019, the marine equipment industry in China generated revenues of around ***** billion yuan. The marine equipment industry is a branch of the Chinese shipbuilding industry, other important branches of that industry being ship newbuilding, ship repair, ship refitting and ship breaking, and offshore engineering equipment. Total revenues of the Chinese shipbuilding industry amounted to ****** billion yuan until November 2019.
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The Chinese Controllable Pitch Marine Propeller Market is segmented by Number of Blades (Two and Three Blades, Four Blades, and Five Blades), Application (Passenger Vessels and Commercial/Cargo Vessels), and Ship Type (Tug and Push Boats, Ferries, Ice Breakers, and Other Ship Types). The report offers market size and forecast in USD million for all the above segments.
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China Marine Auxiliary Equipment: YoY: Total Profit: Year to Date data was reported at 12.756 % in Oct 2015. This records an increase from the previous number of 9.691 % for Sep 2015. China Marine Auxiliary Equipment: YoY: Total Profit: Year to Date data is updated monthly, averaging 19.232 % from Jan 2006 (Median) to Oct 2015, with 88 observations. The data reached an all-time high of 225.000 % in Feb 2006 and a record low of -24.643 % in Feb 2013. China Marine Auxiliary Equipment: YoY: Total Profit: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BIK: Ship and Related Device Installation: Marine Auxiliary Equipment.
This statistic depicts the gross domestic product of the major Chinese provinces of the **** Century Maritime Silk Route Economic Belt in 2015. During the measured year, Guangdong's GDP value amounted to around **** trillion yuan, ranking first among the major provinces of the Maritime Silk Road of China, followed by Jiangsu province with around ***** trillion yuan of GDP.
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Supplementary Data for a paper detailing China’s Maritime Equipment Industry Policies. It has been accepted for publication and is currently undergoing the editorial process. The paper is a part of the author's PhD at the Vrije Universiteit Brusels, which centers around the People Republic of China's build-up of maritime power in the economic domain. The provided data gives a more detailed overview of the used source material and more detailed results and figures.
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Technological advancements in the China Marine Coatings industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.
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The relatively young Marine Services industry in China has grown alongside China's booming marine economy. Industry revenue is expected to increase at an annualized 7.6% over the five years through 2025, to total $884.2 million. This trend includes expected growth of 7.7% in 2025. The industry profit margin is expected to be 8.8% in 2025.China's marine economy accounted for 7.8% of the national economy in 2024. The marine economy's importance is anticipated to grow further, bringing more businesses to the industry. Approximately 347 marine services enterprises operate in the industry, employing 9,474 people in 2025. Over 90% of marine services providers operate with annual revenue of less than $1.0 million. The top four companies, Guangzhou Marine Geological Survey, Qingdao Institute of Marine Geology, Yantai Shunda Ocean Engineering Service Co., Ltd. and National Marine Environmental Forecasting Center, jointly account for an estimated 23.3% of industry revenue in 2025, which indicates a low concentration level.Foreign ownership in the industry mainly occurs through joint ventures with domestic enterprises. These joint ventures combine the local backgrounds of domestic firms with the technological strength of foreign investors. In 2025, foreign-investment firms (including firms from Hong Kong, Taiwan and Macau) are estimated to account for 3.4% of enterprises, but generate 14.8% of industry revenue.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2030, to reach $1.1 billion. Growing investment in marine engineering construction and marine pollution control programs will largely drive this growth. Governments, enterprises and research institutes are also projected to invest more in research and development for marine services over the period.