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Boats
What is the maritime industry?
The maritime or boat sector is a beneficial segment focused on transporting goods and people by sea. This includes manufacturing seafaring vessels and the services related to them. This includes shipbuilding, port operations, repair, maintenance, marine engineering, offshore technology, et cetera. The industry also incorporates different vessel-related sectors. Among them is the leisure sector, focused on vehicles such as yachts. It also features the commercial maritime segment based on boats, such as tankers.
What is the value of the industry?
The maritime industry is among the sectors with the most extensive inter-sector networks. For instance, it is vital for the gas, chemical and agricultural segments. It also has significant links towards the IT sector. This is due to the diverse systems that feature electronics and digital connectivity. As a result, it is a high-revenue and time-honoured industry. For example, it has recently reached a market value of $2257.77 billion.
Is the industry vital?
It also serves as one of the global economy’s most vital segments. For instance, it is essential for the Kingdom of the Netherlands. These countries tend to be the ones to aid in the industry’s high focus on innovation and adaptivity. Often, this occurs by promoting research, novel solutions, and networking. This takes place on annual or biannual trade expositions. They attract approximately hundreds of thousands of participants. Such can be found in diverse countries. Among them are Greece, the Kingdom of the Netherlands, and the Federative Republic of Germany. They also include the United Kingdom, the Kingdom of Spain, and the Principality of Monaco.