Global Ship & Boat Building - Industry Market Research Report

Global Ship & Boat Building - Industry Market Research Report

Global Ship & Boat Building

Ship and boat builders have operated through unfavorable global economic conditions in recent years. These companies build ships and boats ranging from large container ships and tankers to yachts and speedboats. An economic downturn stemming from a commodity price collapse led to overcapacity and shrunk new orders leading into the period. As commodity prices normalized, orders grew and revenue began to rebound, but volatility has continued. Revenue is expected to grow at a CAGR of 3.4% to $168.4 billion over the five years to 2023.

Companies in this industry operate shipyards or boatyards. Shipyards are fixed facilities with dry docks and fabrication equipment capable of building ships, including barges, cargo ships, container ships, ferryboats, fishing boats, passenger ships, patrol boats and sailing ships. While ships are intended primarily for commercial use, boats are defined as watercraft typically suitable or intended for personal use and include cabin cruisers, dinghies, motorboats and rowboats.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.