Ship Building Market Size | Business Trends | Global Scope | Competitive Landscape | Key Player Analysis | Challenges | Growth Outlook | Opportunities & Strategies By 2030 - Korea Shipbuilding & Offshore Engineering Co. Ltd., Samsung Heavy Industries
According to The Business Research Company's ship building market report, the global global ship building market reached a value of nearly $147,851.4 million in 2020, having decreased at a compound annual growth rate (CAGR) of -0.9% since 2015. The market is expected to grow from $147,851.4 million in 2020 to $186,713.4 million in 2025 at a rate of 4.8%. The ship building market is then expected to grow at a CAGR of 3.5% from 2025 and reach $222,281.3 million in 2030.
The ship building market benefited from the rise in global population during the historic period, as the demand for transport equipment including ships increased in most of the countries. The global population increased from 7.3 billion in 2015 to 7.7 billion in 2019. According to the United Nations Conference on Trade and Development, the number of ships increased from 93,161 vessels in 2017 to 95,402 vessels in 2019. Thus, upsurge in demand in ships due to growth in population drove the global ship building market during the historic period.
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The ship building market is segmented -
• By Product: Bulkers, Tankers, Containers, Cruise and Ferry
• By Application: Passenger Transportation and Goods Transportation
• By End-User: Logistics Companies, Cruise Operators
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the global ship building market.
Major competitors in the ship building market include Korea Shipbuilding & Offshore Engineering Co. Ltd., Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co Ltd., Fincantieri S.p.A.,Imabari Shipbuilding Co., Ltd.
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The ship building market consists of sales of ships and related services by entities (organizations, sole traders, and partnerships) that operate shipyards. Shipyards are fixed amenities with fabrication and drydocks equipment capable of building a ship, defined as watercraft typically suitable or intended for purposes other than personal or recreational use. Only goods and services traded between entities or sold to end consumers are included.
The Table Of Content For The Ship Building Market Include:
1. Ship Building Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
7. Ship Building Market Characteristics
20. Global Ship Building Market Competitive Landscape
21. Key Mergers And Acquisitions In The Ship Building Market
22. Ship Building Market Future Outlook and Potential Analysis
23. Ship Building Market, Conclusions And Recommendations
The Business Research Company's "Global Ship Building Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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