Press release
Shipbuilding Market : A Complete Industry Perspective for Investors
Shipbuilding Market
Market Overview
The global shipbuilding market is a cornerstone of international trade and maritime security, reaching a valuation of USD 162.14 billion in 2024 and projected to expand to USD 228.82 billion by 2032, registering a CAGR of 4.4% during the forecast period. Shipbuilding encompasses the design, construction, and commissioning of commercial, naval, and offshore vessels that collectively enable over 90% of global trade by volume.
The market is dominated by the Asia Pacific region, led by China (53% share), followed by South Korea (28%) and Japan (12%), supported by massive shipyard capacity, strong government backing, and leadership in high-volume and high-technology vessels. Growth is increasingly shaped by green shipbuilding, alternative fuel propulsion, digital shipyards, and autonomous vessel development, positioning the industry at the center of global sustainability and technological transformation.
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Covid-19 Impact Analysis
The COVID-19 pandemic initially disrupted the global shipbuilding ecosystem through supply chain interruptions, labor shortages, delayed vessel deliveries, and deferred capital investments. Lockdowns across China, South Korea, Europe, and Southeast Asia slowed shipyard operations, while global trade uncertainty reduced new vessel orders in 2020-2021.
However, the post-pandemic recovery phase triggered a strong rebound. Rising seaborne trade, congestion at global ports, accelerated fleet renewal, and renewed energy transportation demand resulted in record shipbuilding order books by 2023-2024. Governments also leveraged post-COVID recovery packages to modernize shipyards, accelerate digitalization, and promote green shipping, permanently reshaping the shipbuilding industry's growth trajectory.
Major Companies Profiled in the Market Report
The competitive landscape is highly consolidated, with Asian shipbuilders commanding the majority of global output. Key companies profiled include:
HD Hyundai Heavy Industries
Samsung Heavy Industries
Hanwha Ocean
China State Shipbuilding Corporation (CSSC)
China Shipbuilding Industry Corporation (CSIC)
Imabari Shipbuilding
Mitsubishi Heavy Industries
Fincantieri S.p.A.
Damen Shipyards Group
Meyer Werft
Austal Limited
Cochin Shipyard Limited
Mazagon Dock Shipbuilders Limited
These players lead innovation across LNG carriers, container ships, naval vessels, cruise ships, and digitally enabled shipyard operations.
Research Objectives
The Shipbuilding Market research study is designed to:
Analyze global and regional market size, growth trends, and forecasts (2025-2032)
Evaluate commercial, naval, and offshore shipbuilding demand
Examine the impact of green propulsion technologies and digital shipyards
Assess competitive dynamics, mergers, and strategic investments
Identify emerging opportunities, risks, and policy impacts influencing the industry
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Market Segmentation
By Ship Type
Tankers
Bulk Carriers
Container Ships
Cargo Ships
Passenger Ships
Others
By Material Type
Steel
Aluminum
Composites
Others
By Process
Designing
Planning
Cutting & Welding
Assembly & Outfitting
Launching
Testing & Trials
By Propulsion Technology
Conventional
Dual-Fuel LNG
Hybrid / Electric
Others
By End User
Transport / Commercial
Military
Offshore
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Market Objectives
Track the transition toward low-emission and alternative-fuel vessels
Measure adoption of AI, robotics, digital twins, and Industry 4.0
Evaluate container ship dominance and fleet expansion trends
Assess naval modernization programs and maritime security demand
Identify high-growth regional shipbuilding hubs and investment hotspots
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Contact Maximize Market Research:
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Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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