Press release
Shipbuilding Market 2020 Analysis by Top Manufacturers - Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy Industries
Shipbuilding Market
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Shipbuilding Market: Hyundai Heavy Industries Co. Ltd, Daewoo Shipbuilding & Marine Engineering Co., Ltd, Samsung Heavy Industries, China Shipbuilding Industry Corporation, China State Shipbuilding Corporation Ltd., Mitsubishi Heavy Industries, Fincantieri, Sumitomo Heavy Industries, Ltd., STX Offshore & Shipbuilding Co. Ltd, The United Shipbuilding Corporation and others.
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The Global Shipbuilding Market was valued at USD 256.05 billion in the year 2018. 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. Key trends of this market include significant consumption of steel, average age of global fleet, advancements in container shipping and rising demand for LNG fuelled engine. The shipbuilding market is expected to grow at a slow but steady pace during the forecast period. Use of new technologies, such as artificial intelligence (AI) and automation, are the key drivers of the shipbuilding market across the globe. Additionally, adoption of robotic technologies is likely to supplement the shipbuilding market in the near future.
Among the application segment in the Shipbuilding market (Defense, Transportation, Leisure & Luxury and Others), Transportation holds the major share. Moreover, rising global tensions, territorial expansionism, rise of non-state actor-led conflicts, and the associated displacement of population have fueled expansion of naval deployments, which is propelling the market for shipbuilding in defense sector.
Shipbuilding production in terms of CGT is strongly concentrated in the three East Asian economies namely China, Korea and Japan which is propelling the market growth in APAC region. Also, the factors that are expected to fuel growth of the ship building market in the American region are increasing seaborne trade, increasing compliance with maritime safety norms, along with the growth in maritime tourism.
Scope of the Report
- The report analyses the Shipbuilding Market by Value, Orderbook and Deliveries
- The report analyses the Shipbuilding Market by Ship type (Ship Tankers, Ship Containers, Ship Bulker, Others).
- The report assesses the Shipbuilding market by its application (Defense, Transportation, Leisure & Luxury, Others).
- The Global Ship Building Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, Italy, United Kingdom, China, Japan, South Korea).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, ship Type and application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Hyundai Heavy Industries Co. Ltd, Daewoo Shipbuilding & Marine Engineering Co., Ltd, Samsung Heavy Industries, China Shipbuilding Industry Corporation, China State Shipbuilding Corporation Ltd., Mitsubishi Heavy Industries, Fincantieri, Sumitomo Heavy Industries, Ltd., STX Offshore & Shipbuilding Co. Ltd, The United Shipbuilding Corporation
-The report presents the analysis of Shipbuilding market for the historical period of 2014-2018 and the forecast period of 2019-2024.
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https://www.marketinsightsreports.com/reports/01311811627/global-shipbuilding-market-analysis-by-ship-type-tankers-containers-leisure-and-luxury-others-application-type-by-region-by-country-2020-edition-market-insight-competition-and-forecast-2019-2024/inquiry?source=openpr&Mode=07
Industry News:
January 22, 2020 - Top shipyard Hyundai Heavy Industries Group said Tuesday its two affiliates have clinched two deals worth a combined 266.6 billion won (US$229 million) to build five vessels.
Hyundai Samho Heavy Industries Co. won a 109 billion-won order to build a very large crude oil carrier for an unidentified European shipper by June 2021.
March 11, 2020 - Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipbuilder by order value, said Tuesday it swung to a net loss in 2019 from a year earlier on lower orders and higher costs.
For all of 2019, Daewoo Shipbuilding shifted to a net loss of 46.5 billion won (US$39 million) from a net profit of 320 billion won a year earlier, the company said in a regulatory filing.
Influence of the Shipbuilding market report:
-Comprehensive assessment of all opportunities and risk in the Shipbuilding market.
- Shipbuilding market recent innovations and major events.
-Detailed study of business strategies for growth of the Shipbuilding market-leading players.
-Conclusive study about the growth plot of Shipbuilding market for forthcoming years.
-In-depth understanding of Shipbuilding market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Shipbuilding market.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/01311811627/global-shipbuilding-market-analysis-by-ship-type-tankers-containers-leisure-and-luxury-others-application-type-by-region-by-country-2020-edition-market-insight-competition-and-forecast-2019-2024?source=openpr&Mode=07
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Shipbuilding Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
We Offer Customization On Report Based On Specific Client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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