• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    South Korea Pipe Laying Vessel Market

    ID: MRFR/E&P/53066-HCR
    200 Pages
    Chitranshi Jaiswal
    September 2025

    South Korea Pipe Laying Vessel Market Research Report By Installation (J-lay Barges, S-lay Barges, Reel Barges), By Positioning System (Anchor System, Dynamic Positioning System) and By Depth (Shallow Water, Deep Water)- Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    South Korea Pipe Laying Vessel Market Research Report - Forecast to 2035 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    South Korea Pipe Laying Vessel Market Summary

    The South Korea Pipe Laying Vessel market is projected to experience substantial growth from 2024 to 2035.

    Key Market Trends & Highlights

    South Korea Pipe Laying Vessel Key Trends and Highlights

    • The market valuation is expected to increase from 45 USD Million in 2024 to 167 USD Million by 2035.
    • A compound annual growth rate (CAGR) of 12.66 percent is anticipated for the period between 2025 and 2035.
    • The growth trajectory suggests a robust demand for advanced pipe laying technologies in the region.
    • Growing adoption of innovative marine engineering solutions due to increasing offshore energy projects is a major market driver.

    Market Size & Forecast

    2024 Market Size 45 (USD Million)
    2035 Market Size 167 (USD Million)
    CAGR (2025-2035) 12.66%

    Major Players

    Samsung Heavy Industries, Taean Shipbuilding, Kocca, Daewoo Shipbuilding & Marine Engineering, Korea Shipbuilding & Offshore Engineering, Hanjin Heavy Industries, Posco, Hyundai Heavy Industries, SK Engineering & Construction, Pohang Steel

    South Korea Pipe Laying Vessel Market Trends

    In addition, the growth in offshore renewable energy projects, particularly wind farms, is creating significant opportunities for pipe laying vessels, as these projects necessitate complex underwater installations.Opportunities are abundant in the area of modernization and the enhancement of existing fleet capabilities. Companies are investigating innovative technologies and designs to improve operational efficiency in response to the necessity for more efficient vessels and the aging infrastructure. The growth of this market is further bolstered by the South Korean government's support for infrastructure development, which includes subsidies for the modernization of the maritime sector.

    Recent trends suggest a transition to digital technologies and automation in vessel operations. 

    In order to enhance the safety and efficacy of pipe laying operations, companies are investing in advanced robotics and digital monitoring systems. Furthermore, the trend of collaboration between local and international firms is evident, with the objective of enhancing the competitive advantage of the South Korean market by exchanging technological advancements and knowledge. In general, the South Korean Pipe Laying Vessel Market is establishing itself as a significant participant in the global landscape as a result of the increasing demand for sustainable energy solutions, government initiatives, and technological advancements.

       

    Market Segment Insights

    Pipe Laying Vessel Market Installation Insights

    Pipe Laying Vessel Market Installation Insights

    The South Korea Pipe Laying Vessel Market, particularly the Installation segment, is a critical component of the broader maritime construction industry. With a growing emphasis on energy infrastructure and underwater pipeline projects, this segment is witnessing increased demand driven by advancements in technology and the need for upgraded infrastructure. The various models of vessels, such as J-lay Barges, S-lay Barges, and Reel Barges, play specific roles in facilitating the laying of pipelines in diverse underwater environments. 

    J-lay Barges are significant due to their ability to operate in deeper waters, utilizing a vertical laying technique that enhances the efficiency and integrity of pipeline installations. This method reduces the risk of damage during the laying process, making it particularly valuable in challenging offshore conditions. On the other hand, S-lay Barges are acclaimed for their versatility and ability to transport and lay pipelines on the seabed, making them essential for more extensive projects that require considerable lengths of pipeline.

    Their horizontal installation method is well-suited for shallow waters and allows for greater flexibility in operations.Reel Barges, meanwhile, represent a rapidly evolving segment within the Installation domain. Designed to carry pre-welded pipe spools wound onto large reels, these vessels enhance deployment speed and minimize the labor required on-site. 

    The ability to spool pipes leads to significant efficiency gains in project timelines, reflecting the ongoing demand for faster delivery in increasingly competitive markets. The South Korean maritime sector is supported by government initiatives that aim to bolster shipbuilding and fishing industries, highlighting advancements in marine technology. These initiatives create a conducive environment for innovation, particularly around vessel design and deployment strategies within the Installation segment. Challenges such as environmental regulations and market competition are ever-present, yet the focus on sustainability is also fostering opportunities for the development of eco-friendly pipe laying solutions.

    Pipe Laying Vessel Market Positioning System Insights

    Pipe Laying Vessel Market Positioning System Insights

    The Positioning System segment within the South Korea Pipe Laying Vessel Market plays a crucial role in enhancing operational efficiency and precision during underwater construction activities. With advancements in technology, the Anchor System and Dynamic Positioning System have emerged as vital components for ensuring safe and accurate laying of pipes on the seabed.

    The Anchor System is particularly significant due to its ability to provide stability and support for vessels, allowing for reliable positioning during challenging environmental conditions.Conversely, the Dynamic Positioning System has gained popularity owing to its automated capabilities, enabling vessels to maintain their position accurately without the need for anchors. 

    This addresses critical operational challenges such as strong currents and varying seabed conditions. The increasing investments in offshore exploration and production in South Korea further drive the demand for sophisticated positioning systems, as companies look to optimize their operations and reduce costs. As such, the Positioning System segment is expected to witness steady growth, supported by ongoing technological innovations and an ever-evolving maritime industry focused on efficiency and safety.

    Pipe Laying Vessel Market Depth Insights

    Pipe Laying Vessel Market Depth Insights

    The South Korea Pipe Laying Vessel Market, particularly within the Depth segment, encompasses key categories such as Shallow Water and Deep Water. The country's extensive coastline and active offshore energy exploration activities significantly drive the importance of both Shallow Water and Deep Water operations. Shallow Water projects typically benefit from lower operational costs and relatively simpler logistics, making them a preferred choice for infrastructure developments in proximity to coastal areas. Conversely, Deep Water operations play a crucial role in meeting the increasing energy demands, tapping into untapped resources located farther offshore.

    This segment has gained prominence due to advancements in technology and engineering, allowing for efficient and safe operations in challenging environments. The growing investment in renewable energy sources also presents opportunities for the deployment of pipe laying vessels capable of supporting offshore wind farms and other sustainable initiatives. As the South Korean government focuses on energy independence and sustainable practices, the significance of both Shallow Water and Deep Water activities will likely continue to evolve, influencing market dynamics and driving growth within the overall South Korea Pipe Laying Vessel Market.

    Get more detailed insights about South Korea Pipe Laying Vessel Market Research Report - Forecast to 2035

    Key Players and Competitive Insights

    The South Korea Pipe Laying Vessel Market is characterized by significant competition, driven by the increasing demand for infrastructure development and the growing energy sector, particularly in oil and gas exploration. As countries intensify efforts to expand their pipeline networks, the need for advanced and reliable pipe laying vessels has surged. Companies operating in this market are focusing on technological advancements, operational efficiency, and sustainability to maintain a competitive edge. The presence of both established firms and emerging players enhances the competitive landscape, allowing for innovation and tailored solutions to meet the specific needs of clients in diverse geographical regions. 

    As external factors such as environmental regulations and economic trends evolve, the competitive dynamics within this market continue to shift, providing opportunities for strategic partnerships and collaborations to deliver enhanced services.Samsung Heavy Industries stands out as a prominent player in the South Korea Pipe Laying Vessel Market, leveraging its extensive experience and robust technological capabilities. The company is known for its commitment to innovation, which has positioned it as a leader in the production of sophisticated pipe laying vessels that cater to the complex requirements of the offshore oil and gas industry.

    With a strong market presence, Samsung Heavy Industries has developed an impressive portfolio of projects, showcasing its ability to handle large-scale projects while adhering to international safety and quality standards. 

    The company's strengths lie in its highly skilled workforce, state-of-the-art facilities, and a solid reputation for delivering high-performance vessels, which enhance its competitive standing within the regional market.Taean Shipbuilding has established itself as a noteworthy competitor in the South Korea Pipe Laying Vessel Market, capitalizing on its specialized expertise in shipbuilding and marine engineering. The company offers a range of key products and services related to the design and fabrication of pipe laying vessels, focusing on efficiency, durability, and advanced technology.

    Taean Shipbuilding’s market presence is marked by strategic investments in research and development, allowing it to introduce cutting-edge solutions that align with current industry demands. The company's strengths include a dedicated workforce, extensive operational capabilities, and strong relationships with key stakeholders in the industry. 

    Furthermore, Taean Shipbuilding has actively pursued mergers and acquisitions to enhance its technological capabilities and market reach, ensuring its position remains competitive in the rapidly evolving marine construction landscape in South Korea.

    Key Companies in the South Korea Pipe Laying Vessel Market market include

    Industry Developments

    The South Korea Pipe Laying Vessel Market has seen notable developments in recent months, particularly with the involvement of major companies such as Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering. In October 2023, Samsung Heavy Industries announced the completion of a new pipe laying vessel specifically designed for offshore energy projects, which is expected to significantly enhance their operational capabilities. Additionally, in September 2023, Daewoo Shipbuilding and Marine Engineering secured a multi-million dollar contract for the construction of several advanced pipe laying vessels, reflecting a growing demand for such vessels in offshore oil and gas exploration.

    Current affairs indicate that the South Korean government is heavily promoting the maritime sector, with initiatives aimed at increasing competitiveness in shipbuilding and offshore engineering. This has positively impacted companies like Hyundai Heavy Industries and Korea Shipbuilding and Offshore Engineering, which reported increments in their market valuations over the past year. In terms of mergers and acquisitions, in August 2023, SK Engineering and Construction announced a strategic partnership with Pohang Steel to collaborate on pipe laying technology, enhancing their market presence.

    These developments solidify the growing importance and integration of the South Korean pipe laying vessel segment within the global maritime industry.

    Market Segmentation

    Pipe Laying Vessel Market Depth Outlook

    • Shallow Water
    • Deep Water

    Pipe Laying Vessel Market Installation Outlook

    • J-lay Barges
    • S-lay Barges
    • Reel Barges

    Pipe Laying Vessel Market Positioning System Outlook

    • Anchor System
    • Dynamic Positioning System

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 41.21(USD Million)
    MARKET SIZE 2024 45.0(USD Million)
    MARKET SIZE 2035 167.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 12.661% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Samsung Heavy Industries, Taean Shipbuilding, Kocca, Daewoo Shipbuilding & Marine Engineering, Korea Shipbuilding & Offshore Engineering, Hanjin Heavy Industries, Posco, Hyundai Heavy Industries, SK Engineering & Construction, Pohang Steel
    SEGMENTS COVERED Installation, Positioning System, Depth
    KEY MARKET OPPORTUNITIES Rising demand for offshore energy, Expansion of renewable energy projects, Advancement in vessel technology, Increasing underwater infrastructure investments, Government support for maritime industry
    KEY MARKET DYNAMICS increased demand for offshore energy, advancements in vessel technology, strong government support, rising investment in infrastructure, competitive market landscape
    COUNTRIES COVERED South Korea

    FAQs

    What is the expected market size of the South Korea Pipe Laying Vessel Market in 2024?

    The South Korea Pipe Laying Vessel Market is expected to be valued at 45.0 USD Million in 2024.

    What will be the market value of the South Korea Pipe Laying Vessel Market by 2035?

    By 2035, the South Korea Pipe Laying Vessel Market is projected to reach a value of 167.0 USD Million.

    What is the expected CAGR for the South Korea Pipe Laying Vessel Market from 2025 to 2035?

    The expected CAGR for the South Korea Pipe Laying Vessel Market from 2025 to 2035 is 12.661%.

    Which segments are included under the installation types in the South Korea Pipe Laying Vessel Market?

    The installation segments in the South Korea Pipe Laying Vessel Market include J-lay Barges, S-lay Barges, and Reel Barges.

    What is the market value for J-lay Barges in 2024 and 2035?

    J-lay Barges are valued at 12.0 USD Million in 2024 and are projected to reach 45.0 USD Million by 2035.

    What is the projected market value for S-lay Barges in 2024 and 2035?

    S-lay Barges are expected to be valued at 18.0 USD Million in 2024 and 67.0 USD Million in 2035.

    How much is the Reel Barges segment expected to be worth in 2024 and 2035?

    Reel Barges are projected to have a market value of 15.0 USD Million in 2024 and 55.0 USD Million by 2035.

    Who are the major players in the South Korea Pipe Laying Vessel Market?

    Major players in the South Korea Pipe Laying Vessel Market include Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Hyundai Heavy Industries.

    What opportunities exist in the South Korea Pipe Laying Vessel Market for growth?

    The growing demand for offshore infrastructure and increasing investments in renewable energy present significant growth opportunities in this market.

    What are the current challenges faced by the South Korea Pipe Laying Vessel Market?

    The South Korea Pipe Laying Vessel Market faces challenges including fluctuating raw material prices and geopolitical tensions affecting supply chains.

    Report Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials