Press release
Shipbuilding Market Size, Share, Development by 2025
This report focuses on the key global Shipbuilding players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Shipbuilding with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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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.
Market Segment by Manufacturers, this report covers
Hyundai
Daewoo Shipbuilding & Marine Engineering
CSIC
Imabari Shipbuilding
Japan Marine United
CSSC
Samsung
Fincantieri
Oshima Shipbuilding
Yangzijiang Shipbuilding
COSCO
Market Segment by Type, covers
Bulkers
Tankers
Containers
Cruise and Ferry
Others
Market Segment by Applications, can be divided into
Passenger Transportation
Goods Transportation
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Related Information:
North America Shipbuilding Market Growth 2019-2024
United States Shipbuilding Market Growth 2019-2024
Asia-Pacific Shipbuilding Market Growth 2019-2024
Europe Shipbuilding Market Growth 2019-2024
EMEA Shipbuilding Market Growth 2019-2024
Global Shipbuilding Market Growth 2019-2024
China Shipbuilding Market Growth 2019-2024
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