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Global Ship And Boat Building And Repairing Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Ship And Boat Building And Repairing Market Size
How Big Is the Ship And Boat Building And Repairing Market Size Expected to Be by 2034?
The ship and boat building and repairing market size has experienced strong growth in recent years. It will rise from $305.1 billion in 2024 to $327.11 billion in 2025 at a CAGR of 7.2%. This growth is linked to economic cycles, global trade, and regulatory changes.
The ship and boat building and repairing market size is expected to see consistent growth, expanding to $416.68 billion in 2029 at a CAGR of 6.2%. Factors driving this include environmental regulations, energy shifts, automation, infrastructure upgrades, and global security. Trends include electrification, modern materials, 3D printing, digital integration, and industry collaboration.
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What Are the Emerging Segments Within the Ship And Boat Building And Repairing Market?
The ship and boat building and repairing market covered in this report is segmented -
1) By Type: Ship Building And Repairing, Boat Building And Repairing
2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services
3) By End-User: Transport Companies, Military, Other End Users
Subsegments:
1) By Ship Building And Repairing: Commercial Ship Building, Military Ship Building, Ship Repair And Maintenance Services, Ship Modification And Conversion
2) By Boat Building And Repairing: Recreational Boat Building, Fishing Boat Building, Yacht Building, Boat Repair And Maintenance Services, Custom Boat Building
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What Long-Term Drivers Are Shaping Ship And Boat Building And Repairing Market Trends?
The ship and boat building and repair market is benefiting from stable economic growth in both developed and developing countries. According to the IMF, global GDP growth is expected to be 3.2% in 2024 and 3.3% in 2025, with recovering commodity prices aiding market growth. This stable economic environment is expected to drive investments in the maritime industry, benefiting the shipbuilding and repair market.
Who Are the Top Competitors in Key Ship And Boat Building And Repairing Market Segments?
Major companies operating in the ship and boat building and repairing market include Samsung Heavy Industries Co. Ltd., Daewoo shipbuilding & marine engineering, BRP Inc., Brunswick Corporation, Fincantieri SpA, Huntington Ingalls Industries Inc., China Shipbuilding Industry Corporation, China CSSC Holdings Limited, Berkshire Hathaway Inc., General Dynamics Corp., Mitsubishi Heavy Industries Ltd., Austal Limited, Hyundai Mipo Dockyard Co Ltd., Damen Shipyards Group, Sembcorp Marine Ltd., Oman Drydock Company, Cochin Shipyard Limited, United Shipbuilding Corporation, Arab Shipbuilding and Repair Yard, Bae Systems Norfolk Ship Repair Inc., Conrad Shipyard L.L.C., Irving Shipbuilding, Seaspan ULC, Toronto Drydock Company, James Marine Inc., Trident Maritime Systems Inc., Reliance Naval and Engineering Limited, Bharati Defence And Infrastructure Limited, ABG Shipyard Limited, Western India Shipyard Limited, Titagarh Marine Limited.
What Are the Major Trends Shaping the Ship And Boat Building And Repairing Market?
Green shipbuilding technologies are becoming essential for shipbuilding companies to comply with environmental regulations. These technologies include sulfur scrubbers, waste heat recovery systems, and LNG-powered propulsion systems. For example, Peace Boat, a Japanese NGO, entered an agreement with Arctech Helsinki Shipyard to build Ecoship, the world's greenest cruise vessel. Similarly, the Dean Shipyards Group is developing green vessels under the LeanShips project.
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Which Regions Are Becoming Hubs for Ship And Boat Building And Repairing Market Innovation?
Asia-Pacific was the largest region in the ship and boat building and repairing market in 2023. Western Europe was the second largest market in ship and boat building and repairing market. The regions covered in the ship and boat building and repairing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ship And Boat Building And Repairing Market?
2. What is the CAGR expected in the Ship And Boat Building And Repairing Market?
3. What Are the Key Innovations Transforming the Ship And Boat Building And Repairing Industry?
4. Which Region Is Leading the Ship And Boat Building And Repairing Market?
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