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%.
Hyundai Heavy Industries
Daewoo Shipbuilding & Marine Engineering Co Ltd
Samsung Heavy Industries
Mitsubishi Heavy Industries
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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
5.3. 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/
Laura Wood, Senior Press Manager
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