Global Shipbuilding Market 2024-2028
The shipbuilding market is forecasted to grow by USD 22.1 bn during 2023-2028, accelerating at a CAGR of 3.95% during the forecast period. The report on the shipbuilding market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing seaborne trading, rising energy consumption, and growth of shipping industry.
Technavio's shipbuilding market is segmented as below:
By Application
By Type
- Oil tankers
- Bulk carriers
- Cargo ships
- Others
By Geography
- APAC
- Europe
- South America
- North America
- Middle East and Africa
This study identifies the increase in demand for eco-friendly ship as one of the prime reasons driving the shipbuilding market growth during the next few years. Also, increasing trade activities globally and robotics in shipbuilding will lead to sizable demand in the market.
The report on the shipbuilding market covers the following areas:
- Shipbuilding market sizing
- Shipbuilding market forecast
- Shipbuilding market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading shipbuilding market vendors that include BAE Systems Plc, Cheoy Lee Shipyards Ltd., Conrad Industries Inc., Damen Shipyards Group, Derecktor Shipyards, Fincantieri Spa, Fr. Fassmer GmbH and Co. KG, General Dynamics Corp., Huntington Ingalls Industries Inc., Hyundai Heavy Industries Co. Ltd., IHI Aerospace Co. Ltd., IMABARI SHIPBUILDING CO. LTD., International Maritime Industries, Mitsubishi Heavy Industries Ltd., Oshima Shipbuilding Co. Ltd., Paramount Maritime Holdings, Samsung Heavy Industries Co. Ltd., Sumitomo Heavy Industries Ltd., Ulstein Group ASA, and Uzmar Shipbuilding and Trade Inc.. Also, the shipbuilding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.