Spare parts are parts that can be used to replace the failed units of a machinery. Ship parts must be replaced and changed from time to time and it is essential that all the prominent ship spare parts and equipment should be supplied in good quality, quickly and correctly. Ship spares and equipment include main propulsion systems and equipment (cleaner for engine parts and machinery, marine pumps & diaphragm pumps, oil filter systems, oil spill equipment, anti-slip safety covers, oil test equipment, oil spill equipment, ultrasonic cleaners, breathalyzers and seawater strainers), shipbuilding and shipyard industrial equipment and spare parts, shipping material & semi-finished goods, shipbuilding steel, paint spraying equipment, ship fittings and equipment, anchor fittings and accessories, deck machinery and accessories, deck coverings, hatch covers and fittings, cargo cranes, hose handling cranes, auxiliary propulsion systems and equipment (diesel generators, sludge and dirty oil systems, pumps, separators, coolers, compressed air systems, cooling water systems, hydraulic and pneumatic equipment), ship operation equipment (air-conditioning and ventilation equipment, ship safety equipment, cargo hold & tank cleaning equipment), rigging and lifting equipment (lashing materials for containers and dry cargo, conveyors and spare parts) and electrical and electronic equipment (communication equipment, navigational equipment, converters, electric motors, generators, transformers, transverses, lighting systems, monitoring systems, shipboard networks and installations, warning and safety equipment, security systems). Due to the advancements in technology and inclination of consumers towards a luxurious life, manufacturers are investing more in research and development to replace convectional models with the more advanced versions. This is estimated to drive the shipping industry, which in turn, will boost the ship spares and equipment global market.