Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.
Shipbuilding and ship repairs, both commercial and military, are referred to as \"naval engineering\". The construction of boats is a similar activity called boat building.
South Korea has the largest market share in the global shipbuilding market, followed by China and Japan. The global market share of the Korean shipbuilding industry has reached 34%; the global market share of China\'s shipbuilding industry is 33%; the global market share of the Japanese shipbuilding industry is 17%. In Korea, the government is taking various initiatives to support the shipbuilding industry, and Korea has the largest share of new orders. The global share of China\'s shipbuilding is growing steadily. In Japan, several reforms have taken place.The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic growth, rising energy consumption, demand of eco-friendly ships and shipping services, and the advent of robotics in shipbuilding. Orders are declining, many shipyards have stopped production and went bankrupt. However, such changes have also led to a small increase in the price of the order. The world is continuing to change at a rapid pace.
Global Shipbuilding market size will reach 175190 million US$ by 2025, from 114250 million US$ in 2018, at a CAGR of 5.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Shipbuilding.
This industry study presents the global Shipbuilding market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Shipbuilding production, revenue and market share by manufacturers, key regions and type;
The consumption of Shipbuilding in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Hyundai, Daewoo Shipbuilding & Marine Engineering, etc.
The following manufacturers are covered in this report:
Daewoo Shipbuilding & Marine Engineering
Japan Marine United
Shipbuilding Breakdown Data by Type
Cruise and Ferry
In 2019, Bulkers accounted for a major share of 34% in the global Shipbuilding market. And this product segment is poised to reach 61628 M USD by 2025 from 43371 M USD in 2019.
Shipbuilding Breakdown Data by Application
In global Shipbuilding market, Goods Transportation segment holds an important share in terms of application, and it is expected to reach a volume of 79814 (K CGT) by 2025, at a CAGR of 4.23% during 2019 and 2025. It means that Shipbuilding will be promising in the Goods Transportation field in the next couple of years.
Shipbuilding Production by Region
Shipbuilding Consumption by Region
Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Shipbuilding status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Shipbuilding manufacturers, production, revenue, market share, Recent Development and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Shipbuilding :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (KCGT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Shipbuilding market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.