Shipbuilding Market, By Type (Passenger (Cruise Liners, Yachts, Ferries, Ro-Ro), Merchant (Bulk & General, Container Vessels, Tankers/VLCC/LNG/Chemical, Special Vessels/Dredger/Tugs), Navy (Surface(Frigates, Corvettes, Patrol Ships, Aircraft Carriers, Tro
Shipbuilding Market, By Type (Passenger (Cruise Liners, Yachts, Ferries, Ro-Ro), Merchant (Bulk & General, Container Vessels, Tankers/VLCC/LNG/Chemical, Special Vessels/Dredger/Tugs), Navy (Surface(Frigates, Corvettes, Patrol Ships, Aircraft Carriers, Troop Landing Ships), Submarine), Offshore (FPSO/FSO(LNG, FSRU), Offshore Supply Vessel(AHTS, PSV)), And By Geography (North America, Europe, Asia Pacific, Latin America)
The global shipbuilding market size was valued at US$ 146.68 billion in 2022. Shipbuilding refers to the construction of ships and floating vessels at dedicated facilities known as shipyards. Shipbuilding involves sophisticated engineering and fabrication techniques to design and construct commercial vessels for transporting cargo as well as passengers across oceans and seas. Increasing globalization has facilitated a rise in international trade, positively impacting the demand for ships from major industries such as oil & gas, chemicals, and mining. Moreover, the growth of offshore oil & gas activities worldwide has propelled the production of specialized ships for offshore drilling, production, and transportation. Expanding maritime tourism along with rising disposable incomes is also fueling the construction of cruise and ferry ships. However, factors such as volatile crude oil prices and environmental regulations pose challenges to the shipbuilding industry.
Market Dynamics:
The global shipbuilding market growth is driven by growing international seaborne trade activities. A rise in global demand for energy and raw materials is necessitating marine transportation of oil, LNG, and dry bulk commodities which demands new ship orders. According to the International Energy Agency, the world energy demand is projected to rise by 30% between 2020 and 2030. This along with increasing offshore E&P(exploration and production) activities will drive the demand for specialized vessels like LNG carriers, crude oil tankers and offshore support vessels. However, fluctuations in crude oil prices add an element of uncertainty to investment decisions in the shipping industry. Strict environmental regulations pertaining to emission cuts can increase compliance costs for shipbuilders. Nevertheless, growing investments in development of green ships powered by liquefied natural gas (LNG) and other clean fuels present lucrative opportunities in the coming years. Adoption of advanced engineering technologies such as 3D printing, AI and automation in ship design and production processes is also gaining momentum in the industry.
Key features of the study:
This report provides an 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 approvals, 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 Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Samsung Heavy Industries, Fincantieri S.p.A, and Mitsubishi Heavy Industries
Insights from this report would allow marketers and 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 such as 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.
Detailed Segmentation:
Global Shipbuilding Market, Type:
Passenger
Cruise Liners
Yachts
Ferries
Ro-Ro
Merchant
Bulk & General
Container Vessels
Tankers/VLCC/LNG/Chemical
Special Vessels/Dredger/Tugs
Navy
Surface
Frigates, Corvettes
Patrol Ships
Aircraft Carriers
Troop Landing Ships
Submarine
Offshore
FPSO/FSO
LNG
FSRU
Offshore Supply Vessel
AHTS
PSV
Global Shipbuilding Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles:
L&T Ship Building Ltd.
Mitsubishi Heavy Industries Limited
General Dynamics Corporation
BAE Systems PLC
Japan Marine United
Imabari Shipbuilding
Labuan Shipyard & Engineering
Swiftships
Damen Shipyards Group
Sembcorp Industries Ltd.
Cochin Shipyard Limited
China Shipbuilding Industry Corporation
Fincantieri S.p.A.
Dae Sun Shipbuilding & Engineering Co. Ltd.
Hyundai Mipo Dockyards Co. Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Global Trade and Economic Growth
Offshore Oil and Gas Industry
Naval Defense and Security
Growing Tourism and Leisure Industry
Restraints
Cyclical Nature and Market Volatility
Overcapacity and Price Pressure
Financial Challenges
Opportunities
Renewable Energy
Retrofitting and Upgrading Existing Fleets
Digitalization and Smart Shipbuilding
Green Shipbuilding
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Shipbuilding Market, By Type, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Passenger
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Cruise Liners
Yachts
Ferries
Ro-Ro
Merchant
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Bulk & General
Container Vessels
Tankers/VLCC/LNG/Chemical
Special Vessels/Dredger/Tugs
Navy
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
Surface
Frigates
Corvettes
Patrol Ships
Aircraft Carriers
Troop Landing Ships
Submarine
Offshore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
FPSO/FSO
LNG
FSRU
Offshore Supply Vessel
AHTS
PSV
5. Global Shipbuilding Market, By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
Market Share Analysis, By Country 2018-2030, (US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
Market Share Analysis, By Country 2018-2030, (US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
Market Share Analysis, By Country 2018-2030, (US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
Market Share Analysis, By Country 2018-2030, (US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030, (US$ Bn)
Market Share Analysis, By Country 2018-2030, (US$ Bn)
6. Competitive Landscape
L&T Ship Building Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mitsubishi Heavy Industries Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
General Dynamics Corporation,
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
BAE Systems PLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Japan Marine United
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Imabari Shipbuilding
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Labuan Shipyard & Engineering
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Swiftships
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Damen Shipyards Group
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Sembcorp Industries Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Cochin Shipyard Limited
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
China Shipbuilding Industry Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Fincantieri S.p.A.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Dae Sun Shipbuilding & Engineering Co. Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Hyundai Mipo Dockyards Co. Ltd
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
7. Section
Research Methodology
About us
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