Press release
Shipbuilding Market 2020: Current COVID-19 Impact And Future Market Landscape Analysis 2024
Shipbuilding Market
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.
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Top Leading Companies of Global Shipbuilding Market are: 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.
Latest Industry News:
June 01, 2020 - Qatar Petroleum (QP) said on Monday it has signed agreements with South Korea's "Big 3" shipyards to secure more than 100 ships costing more than 70 billion Qatari riyals ($19.23 billion).
The agreements signed with Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries will occupy much of the three companies' liquefied natural gas (LNG) ship construction capacity through 2027.
Under the deal, described by QP chief executive as the largest LNG shipbuilding program in history, the three companies will reserve a major portion of their LNG ship construction capacity for Qatar Petroleum through the year 2027.
Global Shipbuilding Market Split by Product Type and Applications:
This report segments the global Shipbuilding market based on Types are:
Ship Tankers
Ship Containers
Ship Bulker
Others
Based on Application, the Global Shipbuilding market is segmented into:
Defense
Transportation
Leisure & Luxury
Others
Shipbuilding Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments, and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary, and advanced information about the Shipbuilding Market global status and trend, market size, share, growth, trends analysis, segment, and forecasts from 2020-2024.
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Highlights of the Shipbuilding Market Report:
- Detailed overview of Shipbuilding Market
- Changing the Shipbuilding market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected Shipbuilding market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Shipbuilding Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2015 to 2020 and forecasts until 2024 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Shipbuilding Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The shipbuilding industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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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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