North America Shipbuilding Market By Type (Bulk Carriers, Oil Tankers, Container Ships, General Cargo Ships, Passenger Ships and Others), By End Use (Transport and Military), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The North America Shipbuilding Market would witness market growth of 3.2% CAGR during the forecast period (2021-2027).
The shipbuilding industry is a cyclical industry that involves a large amount of capital investment and directly affects the shipping line. The shipping line is classified into two categories viz. cruise line and freight line. The cruise line is for carrying passengers and the freight line is for cargo transportation. The shipbuilding industry plays an important role in trade as well as national defense in almost all countries.
The construction of ships and the technologies involved in the construction are continuously being modernized. The shipbuilding industry has adopted the latest technologies of 3D printing, virtual reality, and modern robotics to construct better ships with consideration of environmental regulations as well as sustainability. This recent advancement in shipbuilding activities would enhance the shipbuilding market across the North America.
North America has been a major region for ship-based trade. In addition, the region is witnessing higher demand for operational efficiencies while reducing the environmental impact. Moreover, the ruling government of the United State has increased the funding in defence due to the increasing demand for naval vessels and risk of interference of enemies in the coastal regions. Also, the rising demand for energy vessels related to the industries and several other private vessels is likely to increase.
The US market dominated the North America Shipbuilding Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $35.0 billion by 2027. The Canada market is expected to witness a CAGR of 5.5% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 4.6% during (2021 - 2027).
Based on Type, the market is segmented into Bulk Carriers, Oil Tankers, Container Ships, General Cargo Ships, Passenger Ships and Others. Based on End Use, the market is segmented into Transport and Military. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huntington Ingalls Industries, Inc., Samsung Heavy Industries Co., Ltd. (Samsung Group), Sumitomo Heavy Industries, Ltd., BAE Systems PLC, Damen Shipyards Group, China State Shipbuilding Corporation, Fincantieri S.p.A (CDP Industria S.p.A.), Korea Shipbuilding & Offshore Engineering Co., Ltd., General Dynamics Corporation, and Mitsubishi Heavy Industries Ltd.
Scope of the Study
Market Segments covered in the Report:
By Type
- Bulk Carriers
- Oil Tankers
- Container Ships
- General Cargo Ships
- Passenger Ships and
- Others
- Transport and
- Military
- US
- Canada
- Mexico
- Rest of North America
- Huntington Ingalls Industries, Inc.
- Samsung Heavy Industries Co., Ltd. (Samsung Group)
- Sumitomo Heavy Industries, Ltd.
- BAE Systems PLC
- Damen Shipyards Group
- China State Shipbuilding Corporation
- Fincantieri S.p.A (CDP Industria S.p.A.)
- Korea Shipbuilding & Offshore Engineering Co., Ltd.
- General Dynamics Corporation
- Mitsubishi Heavy Industries Ltd.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Shipbuilding Market, by Type
- 1.4.2 North America Shipbuilding Market, by End Use
- 1.4.3 North America Shipbuilding Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug – 2021, Nov) Leading Players
- Chapter 4. North America Shipbuilding Market by Type
- 4.1 North America Bulk Carriers Market by Country
- 4.2 North America Oil Tankers Market by Country
- 4.3 North America Container Ships Market by Country
- 4.4 North America General Cargo Ships Market by Country
- 4.5 North America Passenger Ships Market by Country
- 4.6 North America Other Type Market by Country
- Chapter 5. North America Shipbuilding Market by End Use
- 5.1 North America Transport Market by Country
- 5.2 North America Military Market by Country
- Chapter 6. North America Shipbuilding Market by Country
- 6.1 US Shipbuilding Market
- 6.1.1 US Shipbuilding Market by Type
- 6.1.2 US Shipbuilding Market by End Use
- 6.2 Canada Shipbuilding Market
- 6.2.1 Canada Shipbuilding Market by Type
- 6.2.2 Canada Shipbuilding Market by End Use
- 6.3 Mexico Shipbuilding Market
- 6.3.1 Mexico Shipbuilding Market by Type
- 6.3.2 Mexico Shipbuilding Market by End Use
- 6.4 Rest of North America Shipbuilding Market
- 6.4.1 Rest of North America Shipbuilding Market by Type
- 6.4.2 Rest of North America Shipbuilding Market by End Use
- Chapter 7. Company Profiles
- 7.1 Huntington Ingalls Industries, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Product Launches and Product Expansions:
- 7.2 Samsung Heavy Industries Co., Ltd. (Samsung Group)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.3 Sumitomo Heavy Industries, Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.4 BAE Systems PLC
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Damen Shipyards Group
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Product Launches and Product Expansions:
- 7.5.2.2 Acquisition and Mergers:
- 7.6 China State Shipbuilding Corporation
- 7.6.1 Company Overview
- 7.6.2 Recent strategies and developments:
- 7.6.2.1 Partnerships, Collaborations, and Agreements:
- 7.7 Fincantieri S.p.A (CDP Industria S.p.A.)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Partnerships, Collaborations, and Agreements:
- 7.8 Korea Shipbuilding & Offshore Engineering Co., Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Recent strategies and developments:
- 7.8.4.1 Partnerships, Collaborations, and Agreements:
- 7.9 General Dynamics Corporation
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Partnerships, Collaborations, and Agreements:
- 7.9.6 SWOT Analysis
- 7.10. Mitsubishi Heavy Industries Ltd.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Regional & Segmental Analysis
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