Shipbuilding Market, By Vessel Type (Commercial vessels, Offshore support vessels, Naval vessels, Cruise ships and passenger vessels, Luxury yachts and leisure boats, Specialized vessels), By Technology (Conventional shipbuilding, Advanced shipbuilding, Eco-friendly and sustainable shipbuilding), By End-User Industry (Oil and gas industry, Defense and security, Commercial shipping and logistics, Tourism and leisure industry, Offshore renewable energy), By Size and Capacity (Small and medium-sized vessels, Large and ultra-large vessels), By Newbuild and Repair & Maintenance (Newbuild vessels, Ship repair and maintenance services), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Shipbuilding is the art or business of designing and constructing ships. It includes the design and construction of naval warships, commercial cargo vessels, cruise ships, and other large marine vessels. It can also be defined as the process of establishing the structural integrity and overall functionality of a ship, from hull construction to equipment installation and testing.
Market Dynamics
Ship demand is intimately related to international trade and economic expansion. Commercial vessels are required to move commodities across different regions as global trade grows. Consumer demand is fueled by economic expansion, which raises the demand for products and commodities and, in turn, increases the need for ships.
The shipbuilding sector is extremely cyclical and susceptible to changes in the state of the world economy. Economic cycles effect order volumes and ship pricing by altering market demand for new vessels.
However, shipbuilders may experience decreased demand, poorer profitability, and delays on existing orders during times of economic downturn or market volatility.
Key features of the study:
This report provides in-depth analysis of the global shipbuilding market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global shipbuilding market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Hyundai Heavy Industries (South Korea), Daewoo Shipbuilding & Marine Engineering (South Korea), China State Shipbuilding Corporation (China), Mitsubishi Heavy Industries (Japan), Samsung Heavy Industries (South Korea), Imabari Shipbuilding Co., Ltd. (Japan), Tsuneishi Group (Japan), China Shipbuilding Industry Corporation (China), General Dynamics Corporation (United States), Fincantieri S.p.A. (Italy), Meyer Werft GmbH & Co. KG (Germany), Navantia (Spain), Damen Shipyards Group (Netherlands), STX Offshore & Shipbuilding Co., Ltd. (South Korea), Kawasaki Heavy Industries (Japan)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global shipbuilding market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global shipbuilding market