Global Naval Shipbuilding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Naval Shipbuilding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Naval/defense shipbuilding is the technology for building defense warships.Naval vessels are warships used by the Navy (or sometimes ships, depending on the classification). Naval vessels are different from civilian vessels through construction and purpose. In general, although the troops transport weapons are light or non-existent, naval vessels are resilient and equipped with weapon systems.

Market Overview:

The latest research study on the global Naval Shipbuilding market finds that the global Naval Shipbuilding market reached a value of USD 96850.0 million in 2022. It’s expected that the market will achieve USD 110110.0 million by 2028, exhibiting a CAGR of 2.16% during the forecast period.

Opportunities

The emergence of robotics in the shipbuilding industry has attracted people's attention. In the shipbuilding industry, the use of robotics is increasing. This is because robotics is improving efficiency, reducing errors, and performing dangerous tasks such as welding, painting, and heavy work. This will, to a certain extent, shorten production time and increase production efficiency.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding & Marine Engineering, China Shipbuilding Industry Corporation with the revenue market share of 7.13%, 5.49% and 3.58% in 2018.

HI is leading the tanker market with its streamlined ‘eco’ friendly designs specifically in VLCC (Very Large Crude Carrier) segment ever since its first delivery in 1974.

HHI is striving to take yet another leap in developing greener and more fuel-efficient technology for tankers for the future as well as designing new systems for next generation smart ships.

Daewoo Shipbuilding & Marine Engineering maintains the No.1 position in the world (about 18% market share) based on the construction of Very Large Crude Oil Carriers (VLCCs) operating in the world (As of January 2018).

In addition, we have built various oil tankers such as crude oil carriers, shuttle tankers, refinery carriers, chemical carriers, and so on.
The oil tankers built by DSME are next generation eco-friendly vessels that meet the environmental regulations of the International Maritime Organization (IMO) and are leading the shipbuilding market by applying high-efficiency engines and the latest fuel-saving technologies.

Segmentation Overview:

Among different product types, Bulkers segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Naval Shipbuilding market covered in Chapter 3:

Imabari Shipbuilding
Samsung Heavy Industries
Tsuneishi Shipbuilding
Daewoo Shipbuilding & Marine Engineering
Hyundai Heavy Industries Co., Ltd.
Yangzijiang Shipbuilding Holdings Ltd.
China Shipbuilding Industry Corporation
Oshima Shipbuilding
China State Shipbuilding Corporation
Mitsubishi Heavy Industries, Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Naval Shipbuilding market from 2018 to 2029 is primarily split into:

Cruise
Ferry
Research
Tankers
Bulkers
Containers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Naval Shipbuilding market from 2018 to 2029 covers:

Navy
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)