Outlook on the Ship Building and Repairing Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

·4 min read

The "Ship Building and Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global ship building and repairing market as it emerges from the COVID-19 shut down.

The global ship building and repairing market is expected to grow from $178.14 billion in 2020 to $190.47 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $225.64 billion in 2025 at a CAGR of 4%.

Companies Mentioned

  • Hyundai Heavy Industries

  • Daewoo Shipbuilding & Marine Engineering Co Ltd

  • Samsung Heavy Industries

  • Mitsubishi Heavy Industries

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.

  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.

  • Create regional and country strategies on the basis of local data and analysis.

  • Identify growth segments for investment.

  • Outperform competitors using forecast data and the drivers and trends shaping the market.

  • Understand customers based on the latest market research findings.

  • Benchmark performance against key competitors.

  • Utilize the relationships between key data sets for superior strategizing.

  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Asia Pacific was the largest region in the global ship building and repairing market, accounting for 52% of the market in 2020. Western Europe was the second largest region accounting for 19% of the global ship building and repairing market. Africa was the smallest region in the global ship building and repairing market.

Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions. For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world's greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating fewer polluting vessels.

The ship building and repairing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Ship Building and Repairing Market Characteristics

4. Ship Building and Repairing Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Ship Building and Repairing Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Ship Building and Repairing Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Ship Building and Repairing Market Trends and Strategies

8. Impact of COVID-19 on Ship Building and Repairing

9. Ship Building and Repairing Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Ship Building and Repairing Market Regional Analysis

10.1. Global Ship Building and Repairing Market, 2020, by Region, Value ($ Billion)

10.2. Global Ship Building and Repairing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Ship Building and Repairing Market, Growth and Market Share Comparison, by Region

11. Ship Building and Repairing Market Segmentation

11.1. Global Ship Building and Repairing Market, Segmentation by Type

12. Ship Building and Repairing Market Metrics

12.1. Ship Building and Repairing Market Size, Percentage of GDP, 2015-2025, Global

12.2. Per Capita Average Ship Building and Repairing Market Expenditure, 2015-2025, Global

For more information about this report visit https://www.researchandmarkets.com/r/oupqk1

View source version on businesswire.com: https://www.businesswire.com/news/home/20210305005308/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900